scholarly journals Renewable Energy Transition Strategy for PT.CI to Reduce 50% Emission by 2030

2022 ◽  
Vol 05 (01) ◽  
Author(s):  
Enrico Yushardi Hamdani ◽  
Keyword(s):  
Renewable Energy ◽  
Energy Transition ◽  
Third Party ◽  
Investment Climate ◽  
Internal Factors ◽  
Transition Strategy ◽  
Industrial Estate ◽  
The Government ◽  
Energy Options ◽  
Power And Energy

The global and Indonesia energy trend is heading to process of transitioning from fossil fuel to renewable energy (decarbonization) in the purpose of reducing Green House Gas (GHG) effects. Industries as one of the biggest contributors of emission generator expected to participate in this effort, where fuel and electricity play significant roles in running the operation. Many businesses try to participate and state their commitment on this energy transition initiative by increasing the portion of renewable energy within their operation. Meanwhile, business have several uncertainties’ on how the renewable energy will be acquired and will this renewable energy options be available at the time they need it. Campur Plc. (CP) through its subsidiary in Indonesia, PT. Campur Ilmiah (PT. CI) has targeted the entity to reduce 50% of the emission by 2030 with the baseline of 2018, which align with corporate target of 46.2% of emission reduction globally. Uncertainties on achieving this target generated from external and internal factors, and not to forget how to sustainably maintain the achievement. The location of PT.CI in industrial estate need to be considered as limitation because the power and energy supply are regulated. The accessibility, availability and affordability of renewable energy are expected to be handled by the government, industrial estate or other third party in energy business, but the phasing and the achievement up to now has not shown a promising progress. As a business, PT.CI need to have a strategic planning on this energy transition to support the global target as well as shown a positive investment climate in Indonesia. There are four (4) scenarios has been developed and each of the scenarios are explored to identify alternative and possible strategies to still be able achieving the target and how the organization manage these changes. As the conclusion of this research, four (4) strategic imperatives are defined. This research also might be use as the reference of future planning for the similar industries that have the similar target and type of energy mix.

scholarly journals Does Globalization Moderate the Effect of Economic Complexity on CO2 Emissions? Evidence From the Top 10 Energy Transition Economies

2021 ◽  
Vol 9 ◽  
Author(s):  
Kai He ◽  
Muhammad Ramzan ◽  
Abraham Ayobamiji Awosusi ◽  
Zahoor Ahmed ◽  
Mahmood Ahmad ◽  
...  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Transition Economies ◽  
Carbon Emissions ◽  
Environmental Sustainability ◽  
Energy Transition ◽  
Cross Sectional ◽  
Economic Complexity ◽  
Long Run ◽  
The Government

The association between economic complexity (sophisticated economic structure) and carbon emissions has major implications for environmental sustainability. In addition, globalization can be an important tool for attaining environmental sustainability and it may also moderate the association between economic complexity and carbon emissions. Thus, this research examines the effects of economic complexity, economic growth, renewable energy, and globalization on CO2 emissions in the top 10 energy transition economies where renewable energy and globalization have greatly increased over the last 3 decades. Furthermore, this study also evaluates the joint effect of globalization and economic complexity on carbon emissions. Keeping in view the presence of slope heterogeneity and cross-sectional dependence in the data, this research utilized second-generation unit root tests (CIPS and CADF), Westerlund cointegration approach, and CS-ARDL and CCEMG long-run estimators over the period of 1990–2018. The results affirmed the presence of cointegration among the considered variable. Long-run findings revealed that globalization, renewable energy, and economic complexity decrease carbon emissions. Conversely, economic growth increases carbon emissions. Moreover, the joint impact of economic complexity and globalization stimulates environmental sustainability. Based on these findings, the government of these groups of economies should continue to expand the usage of renewable energy. They should also promote interaction with the rest of the world by adopting the policy of opening up.

China's energy transition strategy at the city level: The role of renewable energy

2018 ◽  
Vol 205 ◽  
pp. 980-986 ◽  
Author(s):  
Xiao-Chen Yuan ◽  
Yan-Jun Lyu ◽  
Bing Wang ◽  
Qiao-Hong Liu ◽  
Qing Wu
Keyword(s):  
Renewable Energy ◽  
Energy Transition ◽  
Transition Strategy ◽  
The City

scholarly journals The Power to Change: A Brief Survey of The Wind Power’s Technological and Societal Potential, Barriers to Use, and Ways Forward

2019 ◽  
Vol 1 (1) ◽  
pp. p11
Author(s):  
Helen Kopnina
Keyword(s):  
Renewable Energy ◽  
Wind Energy ◽  
Wind Power ◽  
Energy Supply ◽  
Fossil Fuels ◽  
Energy Transition ◽  
Low Carbon ◽  
Close Relationship ◽  
The Government ◽  
Carbon Dependency

With the effects of climate change linked to the use of fossil fuels, as well as the prospect of their eventual depletion, becoming more noticeable, political establishment and society appear ready to switch towards using renewable energy. Solar power and wind power are considered to be the most significant source of global low-carbon energy supply. Wind energy continues to expand as it becomes cheaper and more technologically advanced. Yet, despite these expectations and developments, fossil fuels still comprise nine-tenths of the global commercial energy supply. In this article, the history, technology, and politics involved in the production and barriers to acceptance of wind energy will be explored. The central question is why, despite the problems associated with the use of fossil fuels, carbon dependency has not yet given way to the more ecologically benign forms of energy. Having briefly surveyed some literature on the role of political and corporate stakeholders, as well as theories relating to sociological and psychological factors responsible for the grassroots’ resistance (“not in my backyard” or NIMBYs) to renewable energy, the findings indicate that motivation for opposition to wind power varies. While the grassroots resistance is often fueled by the mistrust of the government, the governments’ reason for resisting renewable energy can be explained by their history of a close relationship with the industrial partners. This article develops an argument that understanding of various motivations for resistance at different stakeholder levels opens up space for better strategies for a successful energy transition.

scholarly journals THE INFLUENCE OF THIRD-PARTY FUNDS, NON-PERFORMING LOANS (NPL) ON CREDIT DISTRIBUTION WITH PROFITABILITY AS INTERVENING VARIABLE IN COMMERCIAL BANKS

2020 ◽  
Vol 4 (02) ◽  
Author(s):  
Sri Hermuningsih ◽  
Pristin Prima Sari ◽  
Anisya Dewi Rahmawati
Keyword(s):  
Commercial Bank ◽  
Commercial Banks ◽  
Quantitative Research ◽  
Sampling Technique ◽  
Bank Lending ◽  
Third Party ◽  
Internal Factors ◽  
Negative Effect ◽  
The Government ◽  
The Relationship

Banks are financial institutions that collect and distribute funds in the forms of deposits such as savings, deposits, current accounts, etc. from and for people who need funds for various needs, such as for consumption, working capital or business capital, housing and investment. In addition, banks must help the community to improve their living standards by distributing funds or giving credit to people who need funds. This is in accordance with the function of the bank itself, namely the bank as the distributor of funds. The purpose of this research is to examine and obtain evidence about factors that influence loan distribution at a bank. Internal factors that influence loan distribution are Third Party Funds, Non-Performing Loans, and Profitability. Efforts to increase credit at banks require optimal efforts to raise third-party funds, good credit management, and capital strengthening. This type of research is quantitative research with purposive sampling technique. The population used in this study is commercial banks from 2013 to 2017. The data come from commercial bank financial statements. As the benefit of this research the government can use it as a mapping material for distributing loan to commercial banks; the bank management can take it into consideration in making commercial bank lending policies. The results of the research show that profitability can mediate the relationship between third party funds and non-performing loans on loan distribution. Third party funds have a significant positive effect on loan distribution. Non-Performing Loans have a significant negative effect on loan distribution. Keywords: LOAN DISTRIBUTION, THIRD PARTY FUNDS, NON-PERFORMING LOANS, AND PROFITABILITY

RE-mapping the UAE’s energy transition: An economy-wide assessment of renewable energy options and their policy implications

2016 ◽  
Vol 55 ◽  
pp. 1166-1180 ◽  
Author(s):  
Sgouris Sgouridis ◽  
Ayu Abdullah ◽  
Steve Griffiths ◽  
Deger Saygin ◽  
Nicholas Wagner ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Transition ◽  
Policy Implications ◽  
Energy Options

Indonesia regulatory shifts could hit policy outlook

2017 ◽  
Keyword(s):  
Renewable Energy ◽  
Foreign Investment ◽  
Oil And Gas ◽  
Regulatory Environment ◽  
Investment Climate ◽  
National Elections ◽  
Content Type ◽  
Production Contracts ◽  
Negative Effect ◽  
The Government

Significance The signings come after the government revised a regulation issued earlier this year that in effect made renewable energy uncompetitive. This year, a series of regulation and policy reversals governing Indonesia’s energy and mining sectors have revealed an unstable regulatory environment, with a negative effect on foreign investment. Impacts Weak demand at oil and gas block auctions will put pressure on Jakarta to revise “gross split” production contracts further. Despite regulatory revisions for individual sectors, regulatory inconsistency will further dampen the investment climate. A cabinet reshuffle is likely soon. Regulatory controversies could dent Widodo’s policy credibility ahead of the 2018 regional and 2019 national elections.

scholarly journals Facilitating the Energy Transition—The Governance Role of Local Renewable Energy Cooperatives

Energies ◽  
2019 ◽  
Vol 12 (21) ◽  
pp. 4171 ◽  
Author(s):  
Donné Wagemans ◽  
Christian Scholl ◽  
Véronique Vasseur
Keyword(s):  
Renewable Energy ◽  
Online Survey ◽  
Qualitative Interviews ◽  
Energy Transition ◽  
Cooperative Movement ◽  
Energy Governance ◽  
Governance Roles ◽  
The Government ◽  
Context Specific

The governance role of local renewable energy cooperatives (LRECs) in facilitating the energy transition remains under-scrutinized in the scholarly literature. Such a gap is puzzling, since LRECs are a manifestation of the current decentralization movement and yield a promising governance contribution to a ‘just energy transition.’ This paper presents a study of the governance roles of LRECs in the province of Limburg, the Netherlands. Building on existing work on the cooperative movement and energy governance, we, first, develop a conceptual framework for our analysis. The framework is built around three key interactions shaping these governance roles, between (1) LRECs and their (potential) members, (2) LRECs and the government and (3) LRECs with other LRECs. The results of an online survey and qualitative interviews with selected cooperatives led to the identification of five key governance roles that these cooperatives take up in the facilitation of the energy transition: (1) mobilizing the public, (2) brokering between government and citizens, (3) providing context specific knowledge and expertise, (4) initiating accepted change and (5) proffering the integration of sustainability. The paper concludes by reflecting on the relevance of our findings in this Dutch case for the broader ‘just transition’ movement.

scholarly journals Power Market Equilibrium under the Joint FIP-RPS Renewable Energy Incentive Mechanism in China

2019 ◽  
Vol 11 (18) ◽  
pp. 4964
Author(s):  
Cai ◽  
Chen ◽  
Dong ◽  
Li ◽  
Lin ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Incentive Mechanism ◽  
Financial Burden ◽  
Research Work ◽  
Energy Transition ◽  
Transitional Period ◽  
Chinese Government ◽  
Renewable Portfolio Standard ◽  
Renewable Energy Consumption ◽  
The Government

In order to support the development of renewable energy, countries around the world have adopted certain renewable energy incentive mechanisms, including feed-in tariff (FIT) and renewable portfolio standard (RPS). Based on the official report concerning renewable energy consumption issued by the Chinese government in 2018, FIT is no longer an ideal renewable incentive mechanism for China. The increasing financial burden of renewable subsidies on the government has prompted a transition from FIT to a more market-based RPS mechanism. However, the abrupt transformation from FIT to RPS without any transitions might potentially cause problems, including a lack of incentives for market participants and a high market risk. Feed-in premium (FIP), which is a transformation based on FIT, can increase the flexibility of the mechanism and play an important role in the transitional period. However, to date, there has only been limited research work that has explored the effect of implementing FIP-RPS in the development of renewable energy in China. It is still not clear how this transition could be carried out smoothly. Therefore, this research was aimed to devise a joint FIP-RPS mechanism and further develop the optimal combination ratio of the two, so as to obtain a socially optimal mechanism design. The simulation results showed that, at different stages of renewable energy development, FIP and RPS should be implemented according to their distinct characteristics, and the joint FIP-RPS mechanism should be combined with different ratios. It could be indicated that the proposed joint FIP-RPS mechanism not only excels at promoting renewable energy, but is also capable of maintaining desirable market prices and social welfare in this transitional period, as compared to FIP and RPS implemented alone. In the future, a certain degree of FIP-RPS implementations to this type of energy transition would be one of the preferred methods that could be implemented to have a considerable influence on China’s national energy plan. This is because the combination of the two mechanisms not only reduces the financial burden of the government, but also plays an active role in the renewable energy market.

scholarly journals GOVERNMENTAL SUPPORT MECHANISM OF THE RENEWABLE ENERGY IN GERMANY

2016 ◽  
pp. 229-238
Author(s):  
N. V. Kozaeva
Keyword(s):  
Renewable Energy ◽  
Energy Transition ◽  
Electricity Sector ◽  
Security Level ◽  
Economic Sectors ◽  
Support Mechanism ◽  
Governmental Support ◽  
The Government ◽  
High Level ◽  
Energy Reform

German Energy transition could be considered to be one of the most challenging a widescaled reforms, quite capital-intensive, requiring a high level of scientific input, having an influence on other economic sectors and economic entities. Energy reform is intended to increase the energy security level by increasing the share of renewables in its energy portfolio, environmental protection by decreasing the emission into the atmosphere and the level of energy consumption. Since 1990 the share of renewables in the whole energy sector and in electricity sector has been rising steadily. Governmental support, including direct finance, fiscal benefits and creating favorable market conditions for the sector has been expanding for renewable and declining for traditional energy. The costs for renewable energy are more transparent, during those for traditional energy are often hidden and indirectly charge the budget, can emerge later in form of subsequent costs of the climate. However, the system of support itself discloses its imperfection, when its implementation causes an opposite impact or contradiction between several instruments, which are actually aimed to solve one problem. Given the high strategic importance of the goals set, even an evident necessity to revise the mechanism of governmental support doesn't, however, mean that the government doubts the usefulness of the reform.

Consumers’ heterogeneous preferences toward the renewable portfolio standard policy: An evaluation of Korea’s energy transition policy

2020 ◽  
pp. 0958305X2094946
Author(s):  
Jihee Lee ◽  
HyungBin Moon ◽  
Jongsu Lee
Keyword(s):  
Renewable Energy ◽  
Public Awareness ◽  
Energy Transition ◽  
Developed Countries ◽  
Public Acceptance ◽  
Renewable Portfolio Standard ◽  
Heterogeneous Preferences ◽  
The Government ◽  
Electricity Tariff ◽  
Energy Expansion

The low electricity tariff in Korea compared with other developed countries renders renewable energy expansion more challenging as its costs are higher than those of traditional power generation such as thermal and nuclear power. An increase in the electricity tariff is required to help the expansion of renewable energy and accelerate the energy transition. It is therefore necessary to understand public acceptance of the renewable portfolio standard (RPS) policies implemented by the Korean government to expand renewable energy. This study analyzes public’s heterogeneous preferences of renewable energy policies and identifies the determinants of people’s divided reactions to the policy. This study also forecasts the change in the degree of public acceptance of renewable energy expansion until 2030 and provides suggestions for the enhancement of public awareness and acceptance of the RPS plan. The simulation analysis shows that a sharp decline in the public’s acceptance rate is to be expected when the renewable energy expansion target becomes more challenging in 2025. The drastic change in acceptance is attributed to the electricity tariff spike. We conclude that the government should prepare to address the severe backlash from the public against the increase in electricity tariff to have a successful renewable energy policy.

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