Impact of Covid-19 on Energy Transition Policy in Emerging Countries: Case of Indonesia

2020 ◽  
Vol 1 (2) ◽  
pp. 135-139
Author(s):  
Parulian Sihotang ◽  
Sampe L. Purba
Keyword(s):  
Energy Demand ◽  
Social Impact ◽  
Fossil Fuel ◽  
Global Citizenship ◽  
Economic Recession ◽  
Energy Transition ◽  
Emerging Countries ◽  
Transition Policy ◽  
Carbon Economy ◽  
Lower Carbon

Covid-19 pandemic has caused not only a global health emergency, but it has also created the market and economic disruptions. Countries’ aspirations for a swift transition from fossil fuel to renewable energy towards lower-carbon economy will be halted since they have now a priority to deal with health emergency and economic burden. However, despite the expected economic recession, there are reasons to remain optimistic, especially for the renewable sector to grow positively during this period of crisis. It is worth noting that renewables were the only source that posted growth in demand during the crisis. Declining energy demand during the crisis as well as low bank interest has provided an opportunity for governments and the private sector to pursue their renewable project agenda. In the case of emerging countries such as Indonesia, the international low oil price has provided an excellent opportunity for consumption subsidy further reform for sustainable development reasons. It is in this time of crisis, the spirit of partnership and co-operation among global citizenship is becoming increasingly crucial to be significantly strengthened to achieve global energy transition target and succeed in striking the balance of energy trilemma – energy security, social impact and environmental sensitivity.

scholarly journals Climate change investment risk: optimal portfolio construction ahead of the transition to a lower-carbon economy

2019 ◽  
Author(s):  
Davide Benedetti ◽  
Enrico Biffis ◽  
Fotis Chatzimichalakis ◽  
Luciano Lilloy Fedele ◽  
Ian Simm
Keyword(s):  
Fossil Fuel ◽  
Portfolio Construction ◽  
Investment Risk ◽  
Carbon Pricing ◽  
Risk Return ◽  
Ex Post ◽  
Alternative Approaches ◽  
Potential Impact ◽  
Carbon Economy ◽  
Lower Carbon

AbstractThere is an increasing likelihood that governments of major economies will act within the next decade to reduce greenhouse gas emissions, probably by intervening in the fossil fuel markets through taxation or cap & trade mechanisms (collectively “carbon pricing”). We develop a model to capture the potential impact of carbon pricing on fossil fuel stocks, and use it to inform Bayesian portfolio construction methodologies, which are then used to create what we call Smart Carbon Portfolios. We find that investors could reduce ex-post risk by lowering the weightings of some fossil fuel stocks with corresponding higher weightings in lower-risk fossil fuel stocks and/or in the stocks of companies active in energy efficiency markets. The financial costs of such de-risking strategy are found to be statistically negligible in risk-return space. Robustness of the results is explored with alternative approaches.

Managing the Demise of the Necessary Evil

2020 ◽  
Vol 1 (2) ◽  
pp. 228-233
Author(s):  
Andy Hartree
Keyword(s):  
Urban Areas ◽  
Energy Demand ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
Significant Proportion ◽  
Energy Transition ◽  
Pollution Levels ◽  
The Future ◽  
Fossil Fuel Industry ◽  
Necessary Evil

The COVID-19 pandemic has triggered a unique collapse in global energy demand and provoked a significant reappraisal of many aspects of our way of life, including working habits and travel behaviours, impacting the outlook for energy demand in the future. Assisted by tangible reductions in pollution levels in urban areas worldwide, there is even a perception growing that post COVID, we will somehow have accelerated on the path of energy transition, and the fossil fuel industry may never recover. This article reviews just where we are on the path to fossil fuel freedom, and tempers the over-optimism by highlighting how small the steps are that we have made to date and the scale of the challenge we face on the long road still ahead. Further, it emphasises that even our greenest aspirations, far from signalling the eradication of fossil fuels, will still rely on our legacy industries for a significant proportion of our energy requirements decades into the future. The biggest challenge is to create a global political environment of consensus and commitment focused on delivering realistic and achievable environmental strategy. Governments need to see a common goal, backed up by co-ordinated lobbies – industry, science, environmentalists and investors – all pulling in one direction. COVID-19 has raised awareness and even given us a glimpse of a greener future, but by giving the impression that we can live without our legacy fossil fuels it poses the threat that we fail to support an industry still vital to the delivery of energy transition.

scholarly journals Energy Transition and Sustainable Road Transportation in Turkey: Multiple Policy Challenges for Inclusive Change

2021 ◽  
Vol 3 ◽  
Author(s):  
Gülfem Cevheribucak
Keyword(s):  
Renewable Energy ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Energy Demand ◽  
Fossil Fuel ◽  
Energy Transition ◽  
Road Transport ◽  
Transport Sector ◽  
Road Transportation ◽  
Gas Emissions

This paper aims to explore energy insecurity in Turkey at the intersection of environmental sustainability, human security and justice vis-à-vis growing energy demand coupled with greenhouse gas emissions coming from the transport sector. High dependence on fossil fuel imports creates bottlenecks for the economy and require urgent shift to renewable energy sources. Prospects for renewable energy transition are analyzed based on focusing on total final energy consumption by energy and transport sector as well as greenhouse gas emissions. In order to propose holistic clarifications to the triangular problem of high fossil fuel dependence, energy demand increase and greenhouse gas mitigation, sustainable energy transition in road transport is put forward. It is justified based on the share of greenhouse gas emissions originating from road transport sector and high taxation levels that create extra burden on private consumers. Energy transition is conceptualized with the theoretical offerings of sustainability transition literature that point out to socio-technical processes, hence the societal, technological as well as external structural contexts of change. Upon this background, this policy and practice review outlines the current policy instruments in order to highlight the mismatch between policy and practices for just energy transition in conjunction with sustainable mobility in Turkey.

scholarly journals Data Analytics for Profiling Low-Voltage Customers with Smart Meter Readings

2021 ◽  
Vol 11 (2) ◽  
pp. 500
Author(s):  
Fabrizio Pilo ◽  
Giuditta Pisano ◽  
Simona Ruggeri ◽  
Matteo Troncia
Keyword(s):  
Energy Demand ◽  
Data Analytics ◽  
Distribution Systems ◽  
Low Voltage ◽  
Renewable Energy Sources ◽  
A Priori ◽  
Energy Transition ◽  
Smart Meters ◽  
Large Databases ◽  
A New Technique

The energy transition for decarbonization requires consumers’ and producers’ active participation to give the power system the necessary flexibility to manage intermittency and non-programmability of renewable energy sources. The accurate knowledge of the energy demand of every single customer is crucial for accurately assessing their potential as flexibility providers. This topic gained terrific input from the widespread deployment of smart meters and the continuous development of data analytics and artificial intelligence. The paper proposes a new technique based on advanced data analytics to analyze the data registered by smart meters to associate to each customer a typical load profile (LP). Different LPs are assigned to low voltage (LV) customers belonging to nominal homogeneous category for overcoming the inaccuracy due to non-existent coincident peaks, arising by the common use of a unique LP per category. The proposed methodology, starting from two large databases, constituted by tens of thousands of customers of different categories, clusters their consumption profiles to define new representative LPs, without a priori preferring a specific clustering technique but using that one that provides better results. The paper also proposes a method for associating the proper LP to new or not monitored customers, considering only few features easily available for the distribution systems operator (DSO).

Reinvigorating the role of clean energy transition for achieving a low-carbon economy: evidence from Bangladesh

2021 ◽  
Author(s):  
Muntasir Murshed ◽  
Zahoor Ahmed ◽  
Md Shabbir Alam ◽  
Haider Mahmood ◽  
Abdul Rehman ◽  
...  
Keyword(s):  
Energy Transition ◽  
Clean Energy ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Carbon Economy

scholarly journals Assessment of Energy Transition Policy in Taiwan—A View of Sustainable Development Perspectives

Energies ◽  
2021 ◽  
Vol 14 (15) ◽  
pp. 4402
Author(s):  
Chun-Kai Wang ◽  
Chien-Ming Lee ◽  
Yue-Rong Hong ◽  
Kan Cheng
Keyword(s):  
Climate Change ◽  
Power Generation ◽  
Sustainable Development ◽  
Energy Transition ◽  
Cost Effective ◽  
Adaptive Policy ◽  
Electricity Saving ◽  
Transition Policy ◽  
Development Perspective

Energy transition has become a priority for adaptive policy and measures taken in response to climate change around the world. This is an opportunity and a challenge for the Taiwan government to establish a climate-resilient power generation mixed to ensure electricity security as well as climate change mitigation. This study adopted a sustainable development perspective and applied optimal control theory to establish a cost-effective model to evaluate a long-term (2050), climate-resilient power generation mix for Taiwan. Furthermore, this study applies the STIRPAT approach to predict the demand of electricity by 2050 for the demand side management. The results not only showed the share of various power generation mixed, but also recommended the trajectory of electricity saving by 2050.

Energy justice gaps in renewable energy transition policy initiatives in Vermont

Energy Policy ◽  
2021 ◽  
Vol 159 ◽  
pp. 112608
Author(s):  
Walter Keady ◽  
Bindu Panikkar ◽  
Ingrid L. Nelson ◽  
Asim Zia
Keyword(s):  
Renewable Energy ◽  
Energy Transition ◽  
Policy Initiatives ◽  
Energy Justice ◽  
Transition Policy

Primary Energy System Chain Security Under the Energy Transition

2021 ◽  
Author(s):  
Osamah Alsayegh
Keyword(s):  
Electric Vehicles ◽  
Energy Demand ◽  
Oil And Gas ◽  
Supply And Demand ◽  
Energy Transition ◽  
System Security ◽  
Energy System ◽  
Primary Energy ◽  
Low Carbon ◽  
Low Carbon Energy

Abstract This paper examines the energy transition consequences on the oil and gas energy system chain as it propagates from net importing through the transit to the net exporting countries (or regions). The fundamental energy system security concerns of importing, transit, and exporting regions are analyzed under the low carbon energy transition dynamics. The analysis is evidence-based on diversification of energy sources, energy supply and demand evolution, and energy demand management development. The analysis results imply that the energy system is going through technological and logistical reallocation of primary energy. The manifestation of such reallocation includes an increase in electrification, the rise of energy carrier options, and clean technologies. Under healthy and normal global economic growth, the reallocation mentioned above would have a mild effect on curbing the oil and gas primary energy demands growth. A case study concerning electric vehicles, which is part of the energy transition aspect, is presented to assess its impact on the energy system, precisely on the fossil fuel demand. Results show that electric vehicles are indirectly fueled, mainly from fossil-fired power stations through electric grids. Moreover, oil byproducts use in the electric vehicle industry confirms the reallocation of the energy system components' roles. The paper's contribution to the literature is the portrayal of the energy system security state under the low carbon energy transition. The significance of this representation is to shed light on the concerns of the net exporting, transit, and net importing regions under such evolution. Subsequently, it facilitates the development of measures toward mitigating world tensions and conflicts, enhancing the global socio-economic wellbeing, and preventing corruption.

scholarly journals Bioenergía a partir de microalgas en México

2019 ◽  
pp. 23-34
Author(s):  
Sheila Genoveva Pérez-Bravo ◽  
Ana María Mendoza-Martínez ◽  
Maria del Refugio Castañeda-Chávez ◽  
Luciano Aguilera-Vázquez
Keyword(s):  
Energy Demand ◽  
Energy Production ◽  
Fossil Fuel ◽  
Technological Development ◽  
Raw Material ◽  
World Population ◽  
Fuel Prices ◽  
Lipid Contents ◽  
Current Energy ◽  
Short Carbon

The energy demand of the world population is increasing due to population growth and technological development. The current energy base is a generator of CO2 emissions, the most abundant and main greenhouse gas responsible for global warming, as well as pollutants, sulfur oxides and nitrogen oxides. The environmental deterioration and the increase in fossil fuel prices make it necessary to investigate less aggressive energy sources with the environment at competitive costs in the market. Biofuels are an alternative for energy production due to their origin in the short carbon cycle, their emissions are considered almost zero, including biodiesel and bioethanol. The latter can be obtained from microalgae rich in carbohydrates and lipids, easy to grow in short periods of time. The objective of this research is to summarize the findings made about the existence of useful microalgae as raw material to produce biofuels in Mexican territory. An exhaustive review of the literature was carried out, which contributed to estimate the microalgal diversity in the country and its lipid contents as well as carbohydrates, with different species of the genera Chlamydomonas, Chlorella, Scenedesmus, Desmodesmus being found mainly.

scholarly journals Public Discourses on (Sectoral) Energy Policy in Switzerland

2021 ◽  
pp. 313-343
Author(s):  
Lena Maria Schaffer ◽  
Alessio Levis
Keyword(s):  
Energy Policy ◽  
News Media ◽  
Public Perception ◽  
Public Discourse ◽  
National Policy ◽  
Energy Transition ◽  
The Public ◽  
Nation States ◽  
Future Policy ◽  
Transition Policy

AbstractEnergy transitions are based upon policy choices of sovereign nation states. Hence, politics plays a role in determining which policies governments implement and which sectors are targeted. Our chapter looks at the evolution of public discourse on energy policy as one important factor reflecting policy discussion and contestation within the political arena. Our descriptive and explorative analysis of the early public discourse in Swiss energy policy between 1997 and 2011 contributes to three main issues. First, it makes a case for the disaggregation of energy policy and its public perception to add to our understanding of energy transition pathways. We argue that looking at sectoral discourses as well as sectoral policy outputs allows for a more comprehensive understanding of the idiosyncrasies of Swiss energy policy regarding temporal as well as sectoral variation. Second, an increased politicization of energy policy may affect future policy choice, and thus any account on energy transition policy needs to scrutinize potential feedback effects from policies that manifest via policy discourse. Third, and on a more methodological stance, we argue that our approach to use news media as a representation of the public discourse via structural topic models can help to explore and explain the evolving national policy priorities regarding energy transition.

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