scholarly journals Energy Security Assessment of Emerging Economies under Global and Local Challenges

Energies ◽  
2021 ◽  
Vol 14 (18) ◽  
pp. 5860
Author(s):  
Iryna Sotnyk ◽  
Tetiana Kurbatova ◽  
Oleksandr Kubatko ◽  
Olha Prokopenko ◽  
Gunnar Prause ◽  
...  
Keyword(s):  
Energy Efficiency ◽  
Renewable Energy ◽  
Emerging Economies ◽  
Energy Security ◽  
Smart Grids ◽  
Electricity Generation ◽  
Financial Burden ◽  
Green Energy ◽  
Decoupling Index ◽  
The Impact

This paper proposes methodological approaches to assessing the impact of renewable energy and energy efficiency development on emerging economies’ energy security. It is suggested to supplement the current methodology for assessing energy security with the decoupling index of the renewable energy financial burden on the state budget, the energy efficiency decoupling index, the households’ energy poverty indicator, the index of capacity development for balancing electricity generation volumes, and the energy fluctuations indicator. These indices provide a comprehensive assessment of energy security under the latest challenges. Thus, the COVID-19 pandemic in the Ukrainian energy sector led to the “green and coal paradox”, when the government decided to keep green electricity generation but limit nuclear generation. It required increased flexible capacities (thermal generation) and led to a rise in electricity prices and environmental pollution. Forecasting energy fluctuations with Butterworth filters allows minimizing the risks of maximum peak loads on the grid and timely prevention of emergencies. The energy fluctuations within the 20% range guarantee energy security and optimal energy companies’ operation. It is proposed to smooth out energy consumption fluctuations through green energy development, smart grids formation, energy efficiency improvements, and energy capacities balancing to ensure energy and economic sustainability.

The Political Economy of Renewable Energy: Prospects and Challenges for the Renewable Energy Sector in India Post-Paris Negotiations

2017 ◽  
Vol 73 (1) ◽  
pp. 99-113 ◽  
Author(s):  
Niharika Tagotra
Keyword(s):  
Political Economy ◽  
Renewable Energy ◽  
Emerging Economies ◽  
Clean Energy ◽  
Green Energy ◽  
The Political ◽  
Energy Companies ◽  
National Governments ◽  
The Impact ◽  
Global Transition

The global emphasis on reduction in carbon footprint has brought the issue of clean energy back into focus. There are two most notable aspects of the debate. The first aspect concerns the tension it has generated globally between the green energy industry and the traditional energy industries while the second aspect of the debate concerns the developing countries, which lack the necessary infrastructure and technology to make the transition to clean energy. This transition amounts to a remarkable shift in the socio-economic paradigms of developing nations like India which have a largely carbon-based economy. In this article, we study the global transition to clean energy using the political economy framework, wherein we analyse the role played by international regimes, national governments and energy companies in facilitating or inhibiting this transition. We also try and ponder over the impact this transition has on emerging economies like India and how they seek to cope with this while resolving the tension between economic growth and sustainability.

Energy security and implementation of renewable energy in the European Union

2020 ◽  
pp. 139-145
Author(s):  
Magdalena Tkaczyk
Keyword(s):  
European Union ◽  
Energy Efficiency ◽  
Renewable Energy ◽  
Energy Security ◽  
The European Union ◽  
Gradual Reduction ◽  
Global Challenges ◽  
Climate Crisis ◽  
The Impact ◽  
The Eu

In the light of the deepening climate crisis and global challenges, the issue of energy security is discussed more broadly. The growing fears of the European Union characterised as a region that is highly dependent on energy import from non-EU countries, lead to the modernisation of the European energy sector. The EU is actively promoting the implementation of renewable energy and investments in a sustainable economyto ensure energy security. In this essay, the author analyses a research on the impact of renewable energy efficiency on the gradual reduction of dependence on energy supplies, that was carried out by Turkish scientists, F. Gökgöz and M.T. Güvercin, in 2018. In order to obtain a comprehensive perspective on this issue, the author confronts this publication with other scientific articles in the field of EU energy security.

scholarly journals Potential of investments into renewable energy sources

2020 ◽  
Vol 18 (2) ◽  
pp. 57-63
Author(s):  
Dominika Čeryová ◽  
Tatiana Bullová ◽  
Izabela Adamičková ◽  
Natália Turčeková ◽  
Peter Bielik
Keyword(s):  
Renewable Energy ◽  
Technical Efficiency ◽  
Electricity Generation ◽  
Stochastic Frontier Analysis ◽  
Renewable Energy Sources ◽  
Green Energy ◽  
Energy Sources ◽  
Frontier Analysis ◽  
The World ◽  
The Impact

Greening the economy requires green innovations, and innovations require investments. Most countries of the world are still relying on conventional (fossil-based) sources of energy. The transition toward green or renewable energy sources is an effective and innovative way to meet ever-increasing demand as a result of the rising population. Another reason for innovations in the field of green energy is the need to mitigate climate change and avoid pollution, especially in developing countries. The monitored investments into renewable energy sources are usually public. Therefore, this paper aims to determine whether the selected countries of the world produced renewable energy efficiently, considering the investments made by public financial institutions and installed electricity capacity for renewable energy sources, for the period 2013–2017 (for a deeper analysis, the year 2017 was chosen). For this purpose, the Stochastic Frontier Analysis model in the logarithmic form of the Cobb-Douglas production function is used, which helps to judge the competitiveness of countries based on effectively transforming the inputs into outputs. Results suggest that the effect of the first variable “installed electricity capacity” on electricity generation was highly statistically significant, and the impact of the second variable “public investments” was characterized as statistically insignificant. The monitored countries were divided into 10 groups according to the different range of estimated output-oriented technical efficiency from 0.00 to 1.00. Most countries should increase the renewable electricity generation approximately by 40-49%, given the level of inputs (16 countries of 6th group with estimated output-oriented technical efficiency 0.51-0.60) for the year 2017.

scholarly journals The Economic Instruments for the Development of the Renewable Energy Sector in the EU and Ukraine

2020 ◽  
pp. 169-177
Author(s):  
V.S. Piven
Keyword(s):  
Energy Efficiency ◽  
Renewable Energy ◽  
Developed Countries ◽  
Energy Sector ◽  
Green Energy ◽  
The European Union ◽  
Renewable Energy Resources ◽  
The Impact ◽  
Stable Development ◽  
The Eu

The research reveals the theoretical and practical aspects of the green energy sector. The article compares the level of development of the green energy sector in the European Union and Ukraine. Different indicators, including the share of energy from renewable sources in Ukraine, the interaction between the level of GDP per capita and the share of renewable energy in the EU and Ukraine, and the structure of the renewable energy resources of Ukraine and the EU are taken into account. The article discussed the role of financial and non-financial tools for the development of the green energy sector in the EU countries. The research states that the countries can be divided into three groups, where group A involves countries with a highly developed green energy sector, group B – member-states with progress in the transition to alternative sources of energy, and group C – countries with weak or no progress in the development of renewable energy sector. The research explains the impact of economic prosperity in developed countries on the renewable energy sector. It investigates that there is a very small positive correlation between the independent variable and the dependent variable. In general, it demonstrates that there is no correlation between the economic condition of very developed countries and the level of their green energy efficiency. The article suggests policy-making changes for the stable development of green energy in both the EU and Ukraine. Revision of existing government's medium and long term plans and adapting them to current circumstances, the gradual reduction of subsidies and reform of energy pricing, the regulatory focus on energy efficiency, the attraction of private investments through the use of domestic and donor investments are determined as important actions for stable development of green energy sector.

scholarly journals Do Economic Policy Uncertainty and Geopolitical Risk Lead to Environmental Degradation? Evidence from Emerging Economies

2021 ◽  
Vol 13 (11) ◽  
pp. 5866
Author(s):  
Muhammad Khalid Anser ◽  
Qasim Raza Syed ◽  
Hooi Hooi Lean ◽  
Andrew Adewale Alola ◽  
Munir Ahmad
Keyword(s):  
Economic Policy ◽  
Renewable Energy ◽  
Environmental Degradation ◽  
Emerging Economies ◽  
Ecological Footprint ◽  
Policy Implications ◽  
Policy Uncertainty ◽  
Economic Policy Uncertainty ◽  
Integration Test ◽  
The Impact

Since the turn of twenty first century, economic policy uncertainty (EPU) and geopolitical risk (GPR) have escalated across the globe. These two factors have both economic and environmental impacts. However, there exists dearth of literature that expounds the impact of EPU and GPR on environmental degradation. This study, therefore, probes the impact of EPU and GPR on ecological footprint (proxy for environmental degradation) in selected emerging economies. Cross-sectional dependence test, slope heterogeneity test, Westerlund co-integration test, fully modified least ordinary least square estimator, dynamic OLS estimator, and augmented mean group estimator are employed to conduct the robust analyses. The findings reveal that EPU and non-renewable energy consumption escalate ecological footprint, whereas GPR and renewable energy plunge ecological footprint. In addition, findings from the causality test reveal both uni-directional and bi-directional causality between a few variables. Based on the findings, we deduce several policy implications to accomplish the sustainable development goals in emerging economies.

scholarly journals THE PARADIGM OF ECONOMIC ENERGY SECURITY BY ORIENTATION ON RENEWABLE ENERGY SOURCES

2020 ◽  
pp. 114-125
Author(s):  
Tetyana DERKACH ◽  
Denys CHEBANENKO
Keyword(s):  
Renewable Energy ◽  
National Economy ◽  
Energy Security ◽  
Renewable Energy Sources ◽  
Energy Sector ◽  
Economic Feasibility ◽  
Energy Sources ◽  
Energy Prices ◽  
Equal Distribution ◽  
The Impact

Introduction. The topic of renewable energy today is one of the most relevant and requires consideration from the point of view of all components of this process, namely economic, financial, environmental, technological, and others. The transition to renewable energy is already irreversible today since natural resources are depleted, fuel prices are the subject to significant fluctuations, and the stable growth of the national economy is ensured by energy security. The purpose. The purpose of the article is to analyze the volume of global energy consumption, to analyze the impact of the introduction of renewable energy sources on the development of the national economy, to ensure energy security with the depletion of hydrocarbon resources and a slight diversification of their suppliers. Results. Today the Ukrainian economy is the most energy-intensive. Unstable energy prices are a threat both to the global economy and to each country separately. Therefore, in the event of a decrease in the supply of traditional energy resources, the importing countries experience the greatest difficulties. The existing tendency in Ukraine to increase the consumption of traditional energy sources, combined with the absence of a targeted policy aimed at reducing the volume of environmental pollution, will lead to an increase in negative economic consequences. The advantage of renewable energy sources is their equal distribution throughout the country (with the exception of water resources). This feature leads to the formation of one of the main characteristics of power systems based on renewable energy sources, namely, their decentralization. It should be borne in mind that the world energy market is made up of state and non-state participants. Non-state participants are showing an upward trend. However, the state should have the greatest influence on the national energy sector. Renewable energy is an area that, in the Ukrainian context, depends on state support, namely economic and administrative incentives. The dynamics of the development of renewable energy should be combined with the balanced development of the fuel and energy sector in Ukraine. Conclusions. The process of development and transition to renewable energy needs a systematic approach. Both qualitative and quantitative approaches are needed to assess the transition to renewable energy. An effective strategy for the transition to the introduction of renewable energy technologies should be justified by economic feasibility. The transition from traditional energy to renewable sources should lead to energy security, which contributes to stable economic growth, political independence, and improving the quality of the environmental component.

scholarly journals The Effect of Implementing a Feed-in Tariff in Abu Dhabi UAE

2016 ◽  
Vol 4 (2) ◽  
pp. 38
Author(s):  
Daisuke Sasaki ◽  
Gun Matsuo ◽  
Sameh El Khatib ◽  
Mikiyasu Nakayama
Keyword(s):  
Renewable Energy ◽  
Energy Security ◽  
Economic Benefits ◽  
Abu Dhabi ◽  
Levelized Cost Of Electricity ◽  
Cost Of Electricity ◽  
The World ◽  
Total Turnover ◽  
The Impact ◽  
Feed In Tariff

Although most countries in the world have been trying to introduce renewable energy into their power supplies to address issues related to the environment and energy security, the Middle East has the lowest overall renewable energy capacity in the world. However, there is currently a trend of accelerating renewable energy deployment with increased investment in the region for the purposes of improving energy security and independence and promoting long-term social and economic benefits. This study aims to examine the impact of implementing a feed-in tariff (FiT) in Abu Dhabi, United Arab Emirates. After a simulated test, it was found that the levelized cost of electricity (LCOE) and the current average unit cost of electricity were considerably divergent. That is to say, a large extra cost is incurred in order to deploy renewable energy in Abu Dhabi. In this context, the effectiveness of implementing a FiT in Abu Dhabi is confirmed. Furthermore, an estimation of the size of the renewable energy surcharge indicated that the impact of implementing a FiT would be enormous. For example, if the target rate of deploying renewable energy is set at 7%, a renewable energy surcharge equivalent to approximately one third of the total turnover of the electricity sector should be additionally imposed. It follows that the electricity rate will be raised by about thirty percent on average, unless subsidies are provided by the government.

scholarly journals Barbados towards 100% Renewable Energy: Case Scenarios for 2030 National Energy Target Plans

2021 ◽  
Vol 44 (1) ◽  
pp. 11-17
Author(s):  
Sheldon Marshall ◽  
Randy Koon Koon
Keyword(s):  
Power Generation ◽  
Renewable Energy ◽  
Energy Security ◽  
Fossil Fuel ◽  
Environmental Parameters ◽  
Small Island ◽  
Annual Growth Rate ◽  
Energy Profile ◽  
Case Scenario ◽  
The Impact

The integration of renewable energy (RE) into the overall energy mix of Caribbean nations has been increasing in recent times. The volatile nature of the carbon-based industry through fluctuations in prices of fossil fuel based-products renders it necessary to promote an aggressive energy profile transition to renewable energy, as this is crucial to energy security in these vulnerable Small Island Developing States (SIDS). The nation of Barbados has notably understood this reality and, as such, its government has endorsed the approach of 100% RE implementation by 2030. This paper explores three distinctive annual growth rate (AGR) scenarios to assess the impact on the expected power generation, economic and environmental parameters through the period of 2019-2030. Notable findings at a high case scenario for 2030 (at an AGR of 3%) projects a power generation of 1.343 Tera-watts-hour (TWh), which will displace 790,500 barrels of oil equivalent (boe), resulting in an abatement of approximately 0.95 million tons of carbon dioxide into the atmosphere.

Sustainable energy solutions for thermal load in buildings - Role of heat pumps, solar thermal, and hydrogen-based cogeneration systems

2021 ◽  
pp. 1-25
Author(s):  
Praveen Cheekatamarla ◽  
Vishaldeep Sharma ◽  
Bo Shen
Keyword(s):  
Energy Efficiency ◽  
Renewable Energy ◽  
Carbon Footprint ◽  
Energy Demand ◽  
Primary Energy ◽  
Heat Pumps ◽  
Total Carbon ◽  
Coefficient Of Performance ◽  
Renewable Energy Resources ◽  
The Impact

Abstract Economic and population growth is leading to increased energy demand across all sectors – buildings, transportation, and industry. Adoption of new energy consumers such as electric vehicles could further increase this growth. Sensible utilization of clean renewable energy resources is necessary to sustain this growth. Thermal needs in a building pose a significant challenge to the energy infrastructure. Supporting the current and future building thermal energy needs to offset the total electric demand while lowering the carbon footprint and enhancing the grid flexibility is presented in this study. Performance assessment of heat pumps, renewable energy, non-fossil fuel-based cogeneration systems, and their hybrid configurations was conducted. The impact of design configuration, coefficient of performance (COP), electric grid's primary energy efficiency on the key attributes of total carbon footprint, life cycle costs, operational energy savings, and site-specific primary energy efficiency are analyzed and discussed in detail.

A Platform for the Promotion of Energy Efficiency and Monitoring in Hotel Units

2018 ◽  
pp. 420-448
Author(s):  
Sergey Nogin ◽  
Jânio Monteiro ◽  
Sergio Gómez Melgar ◽  
José Peyroteo ◽  
António Mortal ◽  
...  
Keyword(s):  
Energy Efficiency ◽  
Renewable Energy ◽  
Smart Grids ◽  
Renewable Energy Sources ◽  
Cost Effective ◽  
Transformation Process ◽  
Lifestyle Choices ◽  
Energy Consuming ◽  
Pass Through ◽  
Almost All

Tourists today are more likely to be concerned with the environment and greener lifestyle choices. In this context, a green flagship of some hotels can be an important selection criteria at the time of selecting one. In the near future, buildings should become nearly zero energy, consuming as low as possible and producing almost all the energy they need, using renewable energy sources. To achieve this goal, hotel buildings need to pass through a transformation process that will make them more efficient. In this process, a decision support platform would be important to help hoteliers monitor their energy consumption, identify which points are consuming more than expected, decide which investments are more cost effective and manage their equipment in an optimum way. This chapter describes the challenges involved in developing such a platform, covering several research and development fields, including Internet of Things networks, ICT, Smart Grids, Renewable Energy, Energy efficiency, as well as algorithms for machine learning and optimization.

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