scholarly journals Do Environment-Related Policy Instruments and Technologies Facilitate Renewable Energy Generation? Exploring the Contextual Evidence from Developed Economies

Energies ◽  
2021 ◽  
Vol 14 (3) ◽  
pp. 690 ◽  
Author(s):  
Umer Shahzad ◽  
Magdalena Radulescu ◽  
Syed Rahim ◽  
Cem Isik ◽  
Zahid Yousaf ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Electricity Generation ◽  
Developing Economies ◽  
Energy Generation ◽  
Environmental Taxes ◽  
Renewable Electricity ◽  
Developed Economies ◽  
Renewable Electricity Generation ◽  
Renewable Energy Generation

Attaining sustainable development and cleaner production is a major challenge both for developed and developing economies; income, institutional regulations, institutional quality and international trade are the key determinants of environmental externalities. The current work attempts to study the role of environmental taxes and regulations on renewable energy generation for developed economies. For that, the authors have used the annual dataset for the period 1994 to 2018. More specifically, the study investigates the impacts of environmental taxes, environment-related technologies and the environmental policy stringency index on renewable electricity generation in 29 developed countries. Given the short available data of these countries, the authors have developed panel cointegration and panel regressions models (fully modified ordinary least square (FMOLS), quantile regressions). The heterogeneous panel empirics stated that environmental regulations and income level support renewable electricity generation. The conclusions further mention that bureaucratic qualities such as decision making and trade openness tend to reduce renewable energy generation. The empirical findings allowed us to draw new narrative and implications. Overall, the conclusions argue that innovative regulations and policies can be useful for attaining specific sustainable development goals (e.g., SDG-7: cleaner and cheap energy).

Renewable Energy Management with a Multi-Agent System

2015 ◽  
Vol 4 (3) ◽  
pp. 49-59
Author(s):  
Wahiba Ben Abdessalem ◽  
Sami Karaa ◽  
Amira S. Ashour
Keyword(s):  
Renewable Energy ◽  
Energy Management ◽  
Energy Generation ◽  
Multi Agent System ◽  
Renewable Electricity ◽  
Agent System ◽  
World Energy ◽  
Multi Agent ◽  
Electric Generation ◽  
Renewable Energy Generation

Renewable energy generation (Wind, solar …) is rising rapidly around the world. Energy storage is being today realistic with some kind of variable renewable electricity sources such as the Pumped Hydraulic Storage (PHS). The incorporation of the PHS requires different policies since there are a variety of electric generation technologies that can be exploited commonly with the PHS. The energy management system, the scheduling of the generation units is a crucial problem for which adequate solutions can optimize the energy supply. This paper focuses on the applicability of the PHS technology in the development of renewable energy generation in Tunisia. This paper proposes also a multi agent system that can be implemented to simulate the exploitation of the PHS, commonly with other energy sources: conventional energy, wind energy, photovoltaic energy etc.

scholarly journals Foreign Direct Investments, Renewable Electricity Output, and Ecological Footprints: Do Financial Globalization Facilitate Renewable Energy Transition and Environmental Welfare in Bangladesh?

2021 ◽  
Author(s):  
Muntasir Murshed ◽  
Mohamed Elheddad ◽  
Rizwan Ahmed ◽  
Mohga Bassim ◽  
Ei Thuzar Than
Keyword(s):  
Renewable Energy ◽  
Environmental Sustainability ◽  
Electricity Generation ◽  
Energy Transition ◽  
Well Being ◽  
Financial Globalization ◽  
Renewable Electricity ◽  
Fdi Inflows ◽  
Ecological Footprints ◽  
Renewable Electricity Generation

AbstractPhasing out fossil fuel dependency to adopt renewable energy technologies is pertinent for both ensuring energy security and for safeguarding the well-being of the environment. However, financial constraints often restrict the developing countries, in particular, from undergoing the renewable energy transition that is necessary for easing the environmental hardships. Against this background, this study makes a novel attempt to evaluate the impacts of FDI inflows on enhancing renewable energy use and attaining environmental sustainability in Bangladesh between 1972 and 2015. Using the autoregressive distributed lags with structural break approach to estimate the short- and long-run elasticities, it is found that FDI inflows enhance the share of renewable electricity output in the total electricity output levels of the country. Besides, FDI inflows are also evidenced to directly hamper environmental quality by boosting the ecological footprints figures of Bangladesh. Hence, it can be said that FDI promotes renewable electricity generation in Bangladesh but transforms the nation into a pollution haven. However, although FDI inflows cannot directly reduce the ecological footprints, a joint ecological footprint mitigation impact of FDI inflows and renewable electricity generation is evidenced. Besides, the findings also verify the authenticity of the Environmental Kuznets Curve hypothesis in Bangladesh’s context. Therefore, economic growth can be referred to as being both the cause and the panacea to the environmental problems faced by Bangladesh. These results, in a nutshell, calls for effective measures to be undertaken for attracting the relatively cleaner FDI in Bangladesh whereby the objectives of renewable energy transition and environmental sustainability can be achieved in tandem. In line with these findings, several appropriate financial globalization policies are recommended.

scholarly journals Metrics for the sustainable development goals: renewable energy and transportation

2019 ◽  
Vol 5 (1) ◽  
Author(s):  
Jonathan J. Buonocore ◽  
Ernani Choma ◽  
Aleyda H. Villavicencio ◽  
John D. Spengler ◽  
Dinah A. Koehler ◽  
...  
Keyword(s):  
Air Pollution ◽  
Sustainable Development ◽  
Renewable Energy ◽  
Electricity Generation ◽  
Sustainable Development Goals ◽  
Health Impacts ◽  
Renewable Electricity ◽  
Country Level ◽  
Level Data ◽  
Development Goals

Abstract The private sector is interested in contributing to the United Nations (UN) Sustainable Development Goals (SDGs); however, they lack credible objective metrics to measure progress, which hinders making a case for financial investing toward the SDGs. A set of science-based metrics could allow corporations and interested investors to meaningfully align their actions with the SDGs in locations around the world where they can make the greatest positive impact. Using existing data on country-level electricity generation and land transportation, we develop a set of simple-to-implement and user-friendly metrics to evaluate the benefits that investments in renewable electricity generation and improvements in land transportation can make toward reducing CO2 and air pollutant emissions and the health impacts of air pollution. We then apply these metrics to a set of renewable electricity companies and find meaningful differences in their progress toward the SDGs on health, energy, and climate. We found that under half of the renewable energy companies in our dataset disclose country-level data on where equipment is being sold, and that there is substantial variability in the CO2 reductions and health benefits of renewable energy based on where these companies have installed capacity. There was not a close statistical relationship between country CO2 emissions rates and country health impact rates, indicating that these metrics cannot serve as good proxies for one another. Future improvements to this methodology should be to implement explicit tracking of air pollution from sources to the locations where it has eventual health impacts, updating the underlying dataset, and improving the degree of detail in emissions inventories. Application of this methodology across the renewable energy sector is limited by the availability of country-level data on where a company has renewable energy capacity installed. The methodology developed here can serve as a basis for better measurement of progress toward climate, energy, and health-related SDGs in financial investing and other applications.

scholarly journals Green certificate trading

2011 ◽  
Vol 22 (1) ◽  
pp. 42-54
Author(s):  
Kerri Brick ◽  
Martine Visser
Keyword(s):  
Renewable Energy ◽  
South African ◽  
Electricity Generation ◽  
Electricity Consumption ◽  
International Experience ◽  
Renewable Electricity ◽  
African Context ◽  
Renewable Electricity Generation ◽  
Important Design

Policies to promote renewable electricity are increasingly seen as a way to reduce the negative environmental impacts associated with electricity consumption and meet growing electricity demand. This paper reviews the international experience with one such policy, namely, renewable energy certificates, and considers important design aspects of a national green certificate system. Within a South African context, a green certificate system would provide a mechanism with which to verify compliance with any future renewable energy obligations, and would encourage renewable electricity generation in the current monopoly environment. In terms of a national green certificate framework, international experience has shown that renewable energy certificates must be both accredited and standardized, with enforcement of penalties for non-compliance with renewable energy quotas. Above all, a long-term and stable policy environment is crucial for developing renewable energy markets.

scholarly journals Assessment of Renewable Electricity Policy for Sustainable Electricity Generation in Nigeria

2021 ◽  
Author(s):  
OLANRELE IYABO
Keyword(s):  
Renewable Energy ◽  
Electricity Generation ◽  
Fossil Fuel ◽  
Renewable Electricity ◽  
Political Will ◽  
Energy Efficiency Policy ◽  
Renewable Electricity Generation ◽  
Integration Of Renewables ◽  
Sustainable Electricity

Abstract Nigeria commits to fast track the integration of renewables in electricity generation by enacting a 2015 National Renewable Energy and Energy Efficiency Policy (NREEEP). Thus, this policy briefing assesses the effect of the policy, and other socioeconomic factors, on the deployment of renewable electricity generation. The preliminary findings show that renewable energy policy has little effect in facilitating renewable electricity integration in Nigeria due to lack of political will and its adverse effect evident in the non-implementation of incentives like feed-in-tariffs and a zero import duty waiver. Second, increased fossil fuel consumption impedes the deployment of renewable electricity due to the hydrocarbon endowment and its subsidization. The domestic financial market development in Nigeria does not also support the deployment of renewable electricity that requires long-term finance. It requires a political will to strengthen the legal and institutional framework for a sustainable electricity generation deployment. It is also pertinent to consider the total removal of fossil fuel subsidies for renewable electricity integration.

scholarly journals Modeling Renewable Electricity Generation for Northern Cyprus (TRNC)

2021 ◽  
pp. 1-20
Author(s):  
Oluwatosin Uthman Zubair
Keyword(s):  
Renewable Energy ◽  
Electricity Generation ◽  
Power Plants ◽  
Energy System ◽  
Turkish Republic ◽  
Hybrid Renewable Energy System ◽  
Northern Cyprus ◽  
Renewable Electricity Generation ◽  
Renewable Energy Generation ◽  
Hybrid Renewable Energy

Several researches have been done on modeling renewable energy for different countries and continents, employing unique approaches, strategies and methodologies. This paper aims to do the same by using the sunlight and wind resources to model a hybrid renewable energy system for the Turkish Republic of Northern Cyprus (TRNC). This paper will also carry out a comparative analysis between the modeled renewable energy generation and the present electricity generation in the country. The paper will also depict how the renewable energy relates with the country load, based on the amount of energy generated from renewable resources and the size of battery used to store excess renewable energy generated. This paper will also show how base load power plants do not allow lots of renewable energy penetration, because of the varying nature of wind and solar resources.

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