scholarly journals Solar Dollars: A Complementary Currency that Incentivizes Renewable Energy

2021 ◽  
Vol 7 ◽  
Author(s):  
Thomas H. Greco

Incentives are the key to addressing climate change and the various other aspects of the current multi-dimensional mega-crisis. This paper proposes the issuance of private community currency vouchers by electric utility companies based on their willingness and ability to provide their customers with energy derived from renewable sources. By monetizing the value of renewable energy in the form of a community currency Solar Dollars help to solve several critical problems at once: They incentivize a more rapid shift to renewable energy, help communities to become more resilient and self-determined, and enable the decentralization of economic and political power.

Asian Survey ◽  
2018 ◽  
Vol 58 (4) ◽  
pp. 607-634 ◽  
Author(s):  
Trevor Incerti ◽  
Phillip Y. Lipscy

Under what we call Abenergynomics, Japanese Prime Minister Abe Shinzō has used energy policy to support the growth objectives of Abenomics, even when the associated policies are publicly unpopular, opposed by utility companies, or harmful to the environment. We show how Abenergynomics has shaped Japanese policy on nuclear power, electricity deregulation, renewable energy, and climate change.


2021 ◽  
Vol 2021 (2) ◽  
pp. 23-32
Author(s):  
Tetyana V. Pimonenko ◽  
Oleksii V. Lyulyov ◽  
Yana O. Us ◽  
Aleksy S. Kwilinski ◽  
Anastasiya P. Nazarenko ◽  
...  

This paper summarizes the arguments and counterarguments within the scientific discussion on developing national economic energy efficiency under optimizing renewable energy generations. This study aims to forecast renewable energy generation until 2035 under the current Ukrainian conditions. The relevance of this scientific issue is the urgency to combat the climate change consequences under economic development. A bibliometric analysis was conducted in the study frameworks to systemize the scientific treatises and indicate main research directions in energy investigation. The source of publications was the Scopus database. The VOSviewer software tools were applied to visualize the obtained results. In turn, to gain the research goal, the authors forecasted the primary energy generations from renewable sources using Autoregressive Integrated Moving Average (ARIMA) model. The study sample was the shares of primary energy from renewable sources in Ukraine. The data covers 1985-2019. The results of bibliometric analysis allowed identifying main directions in investigating the energy policy such as renewable energy development under climate change; bioenergy; reducing carbon emissions towards economic growth; energy security and policy; management in the energy sector; satisfaction of the energy demand and improving the energy conditions for consumers. In the empirical part of this study, the forecast findings showed the growing tendency in primary energy generation from renewable sources. However, the share of primary energy from renewable sources would increase by 1.16 times (3,62 %). Therefore, the authors concluded that the target of the Energy Strategy of Ukraine of 25 % the share of primary energy from renewable sources would not be gained until 2035. This study highlights the necessity to develop renewable energy in Ukraine. The obtained results could be the base for further investigations devoted to elaborating the energy policy towards developing energy efficiency and green development.


Energies ◽  
2021 ◽  
Vol 14 (8) ◽  
pp. 2192
Author(s):  
Robert J. Brecha ◽  
Katherine Schoenenberger ◽  
Masaō Ashtine ◽  
Randy Koon Koon

Many Caribbean island nations have historically been heavily dependent on imported fossil fuels for both power and transportation, while at the same time being at an enhanced risk from the impacts of climate change, although their emissions represent a very tiny fraction of the global total responsible for climate change. Small island developing states (SIDSs) are among the leaders in advocating for the ambitious 1.5 °C Paris Agreement target and the transition to 100% sustainable, renewable energy systems. In this work, three central results are presented. First, through GIS mapping of all Caribbean islands, the potential for near-coastal deep-water as a resource for ocean thermal energy conversion (OTEC) is shown, and these results are coupled with an estimate of the countries for which OTEC would be most advantageous due to a lack of other dispatchable renewable power options. Secondly, hourly data have been utilized to explicitly show the trade-offs between battery storage needs and dispatchable renewable sources such as OTEC in 100% renewable electricity systems, both in technological and economic terms. Finally, the utility of near-shore, open-cycle OTEC with accompanying desalination is shown to enable a higher penetration of renewable energy and lead to lower system levelized costs than those of a conventional fossil fuel system.


Energies ◽  
2021 ◽  
Vol 14 (5) ◽  
pp. 1347
Author(s):  
Kyriakos Maniatis ◽  
David Chiaramonti ◽  
Eric van den Heuvel

The present work considers the dramatic changes the COVID-19 pandemic has brought to the global economy, with particular emphasis on energy. Focusing on the European Union, the article discusses the opportunities policy makers can implement to reduce the climate impacts and achieve the Paris Agreement 2050 targets. The analysis specifically looks at the fossil fuels industry and the future of the fossil sector post COVID-19 pandemic. The analysis first revises the fossil fuel sector, and then considers the need for a shift of the global climate change policy from promoting the deployment of renewable energy sources to curtailing the use of fossil fuels. This will be a change to the current global approach, from a relative passive one to a strategically dynamic and proactive one. Such a curtailment should be based on actual volumes of fossil fuels used and not on percentages. Finally, conclusions are preliminary applied to the European Union policies for net zero by 2050 based on a two-fold strategy: continuing and reinforcing the implementation of the Renewable Energy Directive to 2035, while adopting a new directive for fixed and over time increasing curtailment of fossils as of 2025 until 2050.


2021 ◽  
Vol 13 (6) ◽  
pp. 3170
Author(s):  
Avri Eitan

Evidence shows that global climate change is increasing over time, and requires the adoption of a variety of coping methods. As an alternative for conventional electricity systems, renewable energies are considered to be an important policy tool for reducing greenhouse gas emissions, and therefore, they play an important role in climate change mitigation strategies. Renewable energies, however, may also play a crucial role in climate change adaptation strategies because they can reduce the vulnerability of energy systems to extreme events. The paper examines whether policy-makers in Israel tend to focus on mitigation strategies or on adaptation strategies in renewable energy policy discourse. The results indicate that despite Israel’s minor impact on global greenhouse gas emissions, policy-makers focus more on promoting renewable energies as a climate change mitigation strategy rather than an adaptation strategy. These findings shed light on the important role of international influence—which tends to emphasize mitigation over adaptation—in motivating the domestic policy discourse on renewable energy as a coping method with climate change.


2021 ◽  
Vol 13 (7) ◽  
pp. 3933
Author(s):  
Solomon E. Uhunamure ◽  
Karabo Shale

South Africa is been faced with erratic power supply, resulting in persistent load shedding due to ageing in most of its coal-fired power plants. Associated with generating electricity from fossil fuel are environmental consequences such as greenhouse emissions and climate change. On the other hand, the country is endowed with abundant renewable energy resources that can potentially ameliorate its energy needs. This article explores the viability of renewable energy using the strengths, weaknesses, opportunities and threats (SWOT) analysis approach on the key renewable potential in the country. The result indicates that geographic position, political and economic stability and policy implementation are some of the strengths. However, Government bureaucratic processes, level of awareness and high investment cost are some of the weaknesses. Several opportunities favour switching to renewable energy, and these include regional integration, global awareness on climate change and the continuous electricity demand. Some threats hindering the renewable energy sector in the country include land ownership, corruption and erratic climatic conditions. Some policy implications are suggested based on the findings of the study.


Energies ◽  
2021 ◽  
Vol 14 (16) ◽  
pp. 4762
Author(s):  
Daniela Nicoleta Sahlian ◽  
Adriana Florina Popa ◽  
Raluca Florentina Creţu

The aim of our study was to analyze whether the increase in the use of renewable energy can help GDP growth. The research carried out shows that renewable energy has the ability to decrease or neutralize the negative impact of greenhouse gases (GHG), but also to maintain economic growth. We focused our analysis on the EU-28 as we know that the EU Commission’s aim, in the near future, is to join forces to reduce the GHG used and move to renewable sources. We used a panel analysis with data between 2000 and 2019 from all Member States, and our results showed that their economic growth is influenced positively by the production of renewable energy, the GHG per capita, and the GHG intensity per GDP.


2011 ◽  
Vol 9 (7) ◽  
pp. 1032-1039 ◽  
Author(s):  
Luiz Artur Pecorelli Peres ◽  
Jose Francisco Moreira Pessanha ◽  
Fernanda de Menezes Ferreira Particelli ◽  
Ana Carolina Iglezias Loma Caldas ◽  
Joao Vitor Serra

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