scholarly journals Energy Losses Due to Imperfect Payment Infrastructure and Payment Instruments

Energies ◽  
2021 ◽  
Vol 14 (24) ◽  
pp. 8213
Author(s):  
Oleksandr Melnychenko

One of the strategic objectives of the European Union is a reduction in greenhouse gas emissions and improvement of energy efficiency by at least 32.5% in different areas of the economy by 2030. However, little is known about the impact of payment in retail on energy consumption. The purpose of this paper is to assess the chain of losses of time and energy, and therefore financial losses, that occur due to the imperfection of payment infrastructure and instruments using data of cashiers’ working time. The research is based on a regression analysis method, where the energy cost per payment transaction is considered in this study as a function of the number of customers per hour and the energy cost. The results of the panel models highlight that the number of customers per hour has a negative impact on the cost of energy per payment transaction. Furthermore, modern means and methods of payment, including cryptocurrencies, do not solve the problem of the excessive time that it takes to service payments, which entails a waste of energy and money. The empirical results give valuable insights into how to best organise payment in retail to achieve lower energy costs and improve energy efficiency in payment infrastructure.

Energies ◽  
2021 ◽  
Vol 14 (19) ◽  
pp. 6383
Author(s):  
Przemyslaw Tabaka

According to the European Union (EU) regulations, EU members are obligated, among others, to improve the energy efficiency in the outdoor lighting sector. One of the ways to consider this fact is to install LED sources in luminaires. Due to the reasonable lighting requirements for the lighting of squares and parks, the cheapest way to modernize lighting is to replace conventional discharge lamps with LED sources in park luminaires. Using nine typical park luminaires, the influence of replacing classic sodium lamps with LED sources on the effect of light pollution and energy efficiency was analyzed. Using data, such as a photometric solid and a relative spectral distribution, simulation calculations were carried out in DIALux software and our own calculation tool to consider this issue. The studies considered 156 LED sources of different spectral distributions and a wide range of color temperatures from 1000 K to 9753 K as well as different color rendering index (CRI) values. The conducted studies showed that the replacement of sodium lamps with LED sources is not necessarily associated with an increased negative impact on the effect of light pollution. It was also found also that the CRI value has an influence on the degree of light pollution.


Author(s):  
Rade M. Ciric ◽  
Sasa N. Mandic

AbstractThe Republic of Serbia must make significant efforts to promote and exploit renewable energy sources and increase energy efficiency in all energy sectors to ensure energy security and economic competitiveness, reduce the negative impact on the environment from energy production and use, and contribute to global efforts to reduce greenhouse gases. Within the paper several issues of integration of recently realized CHP plant are introduced and discussed. Firstly, the legal and energy policy issues in the Republic of Serbia regarding connecting CHP to the grid are presented. The challenges and technical solutions for CHP connection to the grid, as well as power quality issues and the role of the CHP plant during the restoration of power supply during the maintenance of the substation and unplanned loss of high voltage supply, are presented and discussed. Finally, the impact of prospective massive integration of CHP on the energy balance and CO2 emission reduction in the province of Vojvodina in Serbia is investigated and discussed. Since it is the first CHP plant realized in Serbia, it is crucial that experience be shared to all potential stakeholders in the future energy efficiency projects.


2020 ◽  
Vol 9 (1) ◽  
pp. 39-52
Author(s):  
Rozy A. Pratama ◽  
Tri Widodo

Indonesia and Malaysia are the largest producers and exporters of palm oil in the world vegetable oil market. Palm oil and its derivative products are the highest contributors to foreign exchange in 2018. This study aims to analyze the impact of the European Union import non-tariff trade policies on the Indonesian and Malaysian economies The analysis uses the Computable General Equilibrium (CGE) model of world trade on the Global Trade Analysis Project (GTAP) program. The results of this study found that the non-tariff import policy by the European Union had a negative impact on the economies of Indonesia and Malaysia. Moreover, the policy also has a negative impact on countries in Southeast Asia and the European Union. This shows that the enactment of non-tariff import trade policies for Indonesian and Malaysian palm oil products has a global impact.


2018 ◽  
Vol 7 (2.6) ◽  
pp. 50 ◽  
Author(s):  
Pamela Chaudhury ◽  
Hrudaya Kumar Tripathy

Smartphone addiction is increasingly affecting the masses and is negatively impacting the younger generation. Several researches have been done to study the impact of internet and smartphone addiction. However no work has been done to predetermine academic performance from smartphone addiction using data mining techniques. A total of 222 University students participated in the questionnaire. The survey questionnaire consisted of demographic information, internet access pattern and smartphone addiction pattern. Data was analysed using machine learning techniques using classification models. The results further encouraged us to find the correlation between smartphone addiction and academic performance. Pearson’ correlation was used to establish that smartphone usage had a negative impact on academic performance. Additionally other attributes like internet connectivity and active involvement in outdoor sports activities were investigated. Experimental results confirmed a negative correlation of these attributes with academic performance. The findings were of immense use and could be used to reduce the internet addiction amongst the student community and also enhance their academic performance


2017 ◽  
Vol 6 (2) ◽  
pp. 114 ◽  
Author(s):  
Tawfiq Ahmad Mousa ◽  
Abudallah. M. LShawareh

In the last two decades, Jordan’s economy has been relied on public debt in order to enhance the economic growth. As such, an understanding  of the dynamics between public debt and economic growth is very important in addressing the obstacles to economic growth. The study investigates the impact of public debt on economic growth using data from 2000 to 2015. The study employs least squares method and regression model to capture the impact of public debt on economic growth. The results of the analysis indicate that there is a negative impact of total public debt, especially the external debt on economic growth. 


2021 ◽  
Vol 10 (2) ◽  
pp. 39-56
Author(s):  
Vesna Karadžić ◽  
Nikola Đalović

Abstract The subject of research in this paper is the profitability of the biggest banks in the European financial market, some of which operate in Montenegro. The profitability of banks is influenced by a large number of factors, including internal banking and external macroeconomic factors. The aim of this paper is to use statistical and econometric methods to examine which factors and with what intensity affect the profitability of large banks in Europe. The empirical analysis used highly balanced panel models with annual data on 47 large banks from 14 European countries over the period 2013-2018. Three static panel models were estimated and evaluated (pooled ordinary least squares, model with fixed effects and model with random effects), as well as dynamic model utilizing general methods of moments. The POLS model was chosen as the best, confirming that all macroeconomic factors have a statistically significant impact on the profitability of big banks, while the impact of internal factors, which are controlled by the bank’s management, is not significant. GDP growth rate, inflation rate and market concentration have a positive effect on profitability, while the membership of the European Union has a negative impact on profit, meaning that banks with headquarters outside the EU are more profitable.


2021 ◽  
Vol 13 (20) ◽  
pp. 11222
Author(s):  
Daniel Salcedo-López ◽  
Mercedes Cuevas-López

The Erasmus+ program (2014–2020) is one of the main initiatives developed by the European Commission in the field of education and is the final joint evolution of other minor and prior actions that provide schools and teachers with funding to carry out international mobility projects with a variety of formative activities. The benefits of carrying out international mobility activities to strengthen student learning and teacher training are well known and have been researched or reported even from the early stages of a program that was born back in the 1980s but has always been focused on the university level. When considering teachers at early levels (schools and high schools), the 2014–2020 Erasmus+ program was the main source of funding to grant Spanish teachers permanent training activities abroad with a direct positive impact on their careers. The year 2020 is the last year of the first evolution of the Erasmus+ program, which has been renewed, extended, and strengthened for a new six-year term (2021–2027). However, 2020 has also been a significant year. The COVID-19 global pandemic continues to affect the mobility of citizens within the different territories of the union and, thus, have a direct negative impact on international teacher and student mobility. Being 2020 the end of a cycle and a critical moment, it is the perfect time to conduct an analysis of the data associated with the participation of teachers and schools in Spain, their perceptions of the program, the different activities carried out, and the impact of the pandemic. This research study is based on an analysis of an opinion survey through a nationwide sample of teachers participating in KA101 Erasmus+ projects. This paper gathers and presents data and conclusions using information previously not available that most of the time is published in official reports globally without considering the particularities of the different states of the European Union.


2019 ◽  
Vol 1 (1) ◽  
pp. 412-418
Author(s):  
Aleksandra Wrzalik ◽  
Matevž Obrecht

AbstractIn recent years heating in Poland has been transformed as a result of the priorities of the country's energy policy implemented within the European Union. The increase in energy security, the development of renewable energy sources and the fulfilment of legal and environmental requirements are very important. Exploitation of district heating systems should ensure reliable and safe heat supplies for industrial and municipal customers with high energy efficiency and reduction of environmental impact. The article discusses the conditions and directions of centralized heating systems development as well as technical and economic issues, which are important for the security of heat supply. The Author describes selected technological innovations used in the technical infrastructure for heat transfer and modern IT systems which are improving the management of heating systems. The article includes the results of simulation research with use of IT tools showing the impact of selected innovations on the improvement of network operation conditions. Directions of modernization of heating systems in the aspect of increasing energy efficiency and security of heat supply have also been indicted here.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Asier Minondo

Purpose This paper aims to analyze the impact of COVID-19 on the trade of goods and services in Spain. Design/methodology/approach This paper uses monthly trade data at the product, region and firm level. Findings The COVID-19 crisis has led to the sharpest collapse in the Spanish trade of goods and services in recent decades. The containment measures adopted to arrest the spread of the virus have caused an especially intense fall of trade in services. The large share of transport equipment, capital goods, products that are consumed outdoors (i.e., outdoor goods) and tourism in Spanish exports has made the COVID-19 trade crisis more intense in Spain than in the rest of the European Union. Practical implications The nature of the collapse suggests that trade in goods can recover swiftly when the health crisis ends. However, COVID-19 may have a long-term negative impact on the trade of services that rely on the movement of people. Originality/value It contributes to understand how COVID-19 has affected the trade in goods and services in Spain.


Energies ◽  
2019 ◽  
Vol 13 (1) ◽  
pp. 80 ◽  
Author(s):  
Ricardo Ramírez-Villegas ◽  
Ola Eriksson ◽  
Thomas Olofsson

The aim of this study is to assess how the use of fossil and nuclear power in different renovation scenarios affects the environmental impacts of a multi-family dwelling in Sweden, and how changes in the electricity production with different energy carriers affect the environmental impact. In line with the Paris Agreement, the European Union has set an agenda to reduce greenhouse gas emissions by means of energy efficiency in buildings. It is estimated that by the year 2050, 80% of Europe’s population will be living in buildings that already exist. This means it is important for the European Union to renovate buildings to improve energy efficiency. In this study, eight renovation scenarios, using six different Northern European electricity mixes, were analyzed using the standard of the European Committee for Standardization for life cycle assessment of buildings. This study covers all life cycle steps from cradle to grave. The renovation scenarios include combinations of photovoltaics, geothermal heat pumps, heat recovery ventilation, and improvement of the building envelope. The results show that while in some electricity mixes a reduction in the global warming potential can be achieved, it can be at the expense of an increase in radioactive waste production, and, in mixes with a high share of fossil fuels, the global warming potential of the scenarios increases with time, compared with that of the original building. It also shows that in most electricity mixes, scenarios that reduce the active heat demand of the building end up in reducing both the global warming potential and radioactive waste, making them less sensitive to changes in the energy system.


Sign in / Sign up

Export Citation Format

Share Document