Article
Environmental Sciences
Glauco De Vita, Chengchun Li, Yun Luo
Summary: The study reveals a significant impact of foreign direct investment on energy intensity, particularly in non-primary sectors. Specifically, in non-primary sectors, when the sectoral R&D level is below a certain threshold, foreign direct investment inflows increase the energy intensity level, but this effect decreases when the R&D level is above the threshold.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2021)
Article
Green & Sustainable Science & Technology
Anhua Zhou, Jun Li
Summary: This article examines the impact of trade liberalization on renewable energy and employs statistical methods for quantitative analysis. The results show positive long-term and short-term effects of trade liberalization on renewable energy, and reveal a dual threshold effect of human capital. Mechanism analysis indicates that trade liberalization promotes the use of renewable energy through technological effects. The findings support trade liberalization and human capital as important forces in promoting renewable energy development in the future.
Article
Environmental Sciences
Mei Wang, Yifan Zheng, Shaojun Ma, Jun Lu
Summary: The impact of human capital on energy consumption is explored in this study using panel data from 30 provinces in China from 2000 to 2020. The research shows that human capital can reduce both local and surrounding energy consumption through spillover effects. The impact exhibits a U-shaped curve, decreasing initially and then increasing, as economic growth reaches a threshold level. The study informs policy and provides insights for investors and policymakers by demonstrating the energy conservation effects of human capital.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Business
Amit Karna, Christos Mavrovitis (Mavis), Ansgar Richter
Summary: R&D investments have long-term effects on firm performance, with minor short-term impacts, and the initial level of R&D intensity influences the nature of these relationships.
LONG RANGE PLANNING
(2022)
Article
Green & Sustainable Science & Technology
Cristiana Tudor, Robert Sova
Summary: Research and development plays a crucial role in sustainable development, climate change mitigation, and global economic recovery. However, the determinants of R&D intensity and the reasons for countries missing their targets in this area are not well understood. This study investigates a global panel of 62 countries and finds that the number of researchers is the most important driving factor for R&D intensity.
Article
Business
Shiwei Yu, Jie Liu, Xing Hu, Peng Tian
Summary: The study found that increasing renewable energy development has a significant impact on reducing energy intensity, while economic development and non-renewable energy consumption structure have different effects on energy intensity. In order to improve the technical content of international trade products, all countries should increase renewable energy consumption.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2022)
Article
Economics
Junbing Huang, Shiqi Xiang, Yajun Wang, Xiang Chen
Summary: This study focuses on energy-saving R&D in China, categorizing activities by participants and purposes to identify their heterogeneity. Findings suggest that enterprises have a more noticeable impact on reducing carbon intensity, utility-type R&D activities are more effective in cutting carbon intensity than invention-type R&D, and technology absorptive capacity plays a crucial role in the effectiveness of energy-saving R&D activities on carbon intensity.
Article
Psychology, Multidisciplinary
Yuan Feng, Chenyang Ma, Yushi Wang, Jiangshui Ma
Summary: This paper examines the double-edged effect of R&D activities on attracting institutional investment in entrepreneurial firms. The results show an inverted-U relationship between R&D intensity and future institutional investment, indicating institutional investors' concern about R&D overinvestment. Furthermore, there is also an inverted-U relationship between R&D capitalization and future institutional investment, suggesting suspicion from institutional investors towards high R&D capitalization. Additionally, venture capitals (VCs) have a higher acceptance of R&D activities, as they have more expertise in mitigating risks.
FRONTIERS IN PSYCHOLOGY
(2022)
Article
Business
Lu Dai, Jiajun Zhang, Shougui Luo
Summary: It is widely accepted that R&D investment improves technological progress. This paper empirically examines the effects of effective R&D capital on a firm's productivity, considering internal R&D input, R&D collaboration, and accessible knowledge capital. Using spatial panel data models, the study finds that knowledge spillovers have a greater impact on total-factor productivity (TFP) than internal R&D input and R&D collaboration. The results suggest the need for a better environment for R&D collaboration and technology exchange.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2022)
Article
Thermodynamics
Junbing Huang, Xiang Chen, Xiaochen Cai, Hong Zou
Summary: The study found that ongoing energy-saving research and development activities do not have a positive impact on energy demand in China, based on the analysis of temporal and spatial characteristics.
Article
Engineering, Industrial
Rui Guo, Lutao Ning, Kaihua Chen
Summary: This paper examines how the structure of human capital and R&D strategies of local firms affect their absorption of FDI knowledge spillovers. The study reveals that when human capital and R&D diversity are below specific thresholds, FDI has a positive impact on innovation for local firms, otherwise it could turn negative.
JOURNAL OF TECHNOLOGY TRANSFER
(2022)
Article
Thermodynamics
Md Kamal Uddin, Xiongfeng Pan, Umme Saima, Chengming Zhang
Summary: This study examines the impact of financial development on energy intensity, highlighting the dependence of financial development on technological innovation levels, which policymakers should carefully consider in policy decisions.
Article
Economics
Muhammad Shahbaz, Malin Song, Shabbir Ahmad, Xuan Vinh Vo
Summary: The study finds that human capital has a negative impact on all types of energy consumption, there is a positive relationship between energy usage and economic growth, but a negative relationship between R&D expenditures and energy consumption. Additionally, there is a one-way causal effect of human capital on various forms of energy consumption.
Article
Thermodynamics
Bingjiang Luan, Hong Zou, Shuxing Chen, Junbing Huang
Summary: This study finds that industrial structure adjustment is an effective measure to reduce energy intensity in China. Linear analysis shows that an increase in the proportion of the tertiary industry and industrial structure optimization are associated with a decline in energy intensity. Nonlinear analysis indicates that changes in industrial structure optimization affect the relationships among industrial structure adjustment, technological progress, and energy intensity.
Article
Business
Cong Feng, Scott Fay, Saim Kashmiri
Summary: Public firms have the freedom to release descriptive research and development (R&D) information. Higher descriptive R&D intensity (DRDI) can lead to a more accurate assessment of a firm's prospects and reduce information asymmetry. However, such disclosure may weaken the firm's competitive advantages in the future. The study finds that DRDI positively affects firm value, and the presence of a Chief Innovation Officer and intangible know-how moderate this effect.
JOURNAL OF BUSINESS RESEARCH
(2022)
Article
Economics
Marie-Louise Arlt, David Chassin, Claudio Rivetta, James Sweeney
Summary: This paper examines the impact of real-time pricing and load automation on residential distribution systems. The study finds that implementing real-time pricing can result in an aggregate welfare gain of 39 USD per customer and year. However, it also notes that RTP and load automation may significantly increase peak system load. Introducing a market-based demand management system can further enhance welfare gains and reduce grid investment.
Article
Economics
Javier Jorquera-Copier, Alvaro Lorca, Enzo Sauma, Stefan Lorenczik, Matias Negrete-Pincetic
Summary: As countries update their climate ambitions, low-carbon hydrogen production and use present opportunities for emissions reductions and economic development. A case study for Chile shows that integrating hydrogen and electricity networks can lower system costs and enhance renewable integration, but policy support is needed to address concerns related to water and land use.
Article
Economics
Dawit Guta, Hisham Zerriffi, Jill Baumgartner, Abhishek Jain, Sunil Mani, Darby Jack, Ellison Carter, Guofeng Shen, Jennifer Orgill-Meyer, Joshua Rosenthal, Katherine Dickinson, Rob Bailis, Yuta Masuda
Summary: Household solid fuel use is detrimental to health and the environment. The Indian government's PMUY subsidy has successfully promoted the adoption of LPG by millions of households. However, there is limited understanding of the decision-making process to reduce solid fuel use after transitioning to cleaner fuels. This study found that factors such as household wealth, social status, education level, and the prevalence of LPG use in the village are positively associated with LPG consumption and the discontinuation of solid fuel use. On the other hand, factors such as distance to LPG refill delivery, household size, and the PMUY subsidy are negatively associated with the share of LPG use.
Article
Economics
Nicolas Morell-Dameto, Jose Pablo Chaves-Avila, Tomas Gomez San Roman, Pablo Duenas-Martinez, Tim Schittekatte
Summary: This paper assesses the performance of differently implemented forward-looking network tariff designs and proposes an innovative coordination mechanism to increase predictability in a future with many flexible customers. The study reveals that if large shares of customers synchronize their responses to highly time-varying and locational-specific network charges, it can lead to unexpected reinforcements.
Article
Economics
Alexandra Gritz, Guntram Wolff
Summary: Russia's weaponization of gas supplies shook the energy security of Central and Eastern Europe in 2022. The region responded by increasing alternative energy supplies and developing new gas supply routes. Renewable energy, nuclear energy, and hydrogen play important roles in the long-term. Mitigating the impact of this shock requires the EU to prioritize the integrity of its energy market.
Article
Economics
Jaroslaw Kantorowicz, Marion Collewet, Matthew DiGiuseppe, Hendrik Vrijburg
Summary: Economic costs are a major political obstacle to investing in climate change mitigation and adaptation measures. The method of financing plays a crucial role in determining public opposition to government green investments, with debt financing being less opposed than broad-based taxes. This study suggests that credit market tools, such as green bonds and debt for climate swaps, can be politically efficient in increasing support for green financing. Carbon taxes and wealth taxes are found to be the most preferred options.
Article
Economics
Kun Guo, Liyuan Luan, Xiaoli Cai, Dayong Zhang, Qiang Ji
Summary: This paper investigates China's energy trade stability using a survival analysis approach. It finds that the energy trade linkages between China and 153 other countries are complex and unstable, with short periods of trade with many countries. Geopolitically risky regions, such as the Middle East and Africa, have the lowest trade stability. Climate risks have significant effects on energy trade stability. The paper proposes several policy options to improve energy trade stability in China, with special attention to increasing global climate risks.
Article
Economics
Simona Bigerna, Piyush Choudhary, Nikunj Kumar Jain, Silvia Micheli, Paolo Polinori
Summary: This study estimates the willingness to pay of Indian urban consumers for a continuous supply of electricity using contingent valuation method. The findings show that the amount consumers are willing to pay depends on the duration of power outages, with households preferring shorter outages. Income and environmental attitude also positively influence higher willingness to pay. These insights can inform policymakers in designing more reliable and customer-centric energy generation and distribution models.
Article
Economics
Temilade Sesan, Unico Uduka, Lucy Baker, Okechukwu Ugwu, Ewah Eleri, Subhes Bhattacharyya
Summary: This study examines the impact of the regulatory framework on rural electrification and universal energy access goals in Nigeria's mini-grid sector. The findings suggest that while the current framework has fostered sector growth, additional measures are necessary to ensure equitable distribution of access among rural populations.
Article
Economics
Rui Shan, Noah Kittner
Summary: Energy storage is a cornerstone in decarbonization planning as it reduces operational costs and greenhouse gas emissions, while enhancing resilience and renewables integration. However, storage developers in different regions have varying economic and environmental considerations, thereby requiring policy intervention to achieve long-term emission reductions.
Article
Economics
Tung Durmaz, Sevil Acar, Simay Kizilkaya
Summary: This study investigates the phenomenon of strategic capacity withholding in the Turkish electricity market and its relationship with the capacity remuneration mechanism. The empirical results provide strong evidence of strategic capacity withholding and show that the capacity mechanism contributes to the duration of failures. The study offers important insights for policymakers, including the implementation of a random verification mechanism and restructuring of the capacity mechanism in Turkey.
Article
Economics
Tii N. Nchofoung
Summary: The study finds that oil price shocks have a negative impact on Africa's energy transition, particularly in rural areas and net crude oil exporting countries. However, oil price shocks cannot explain the urban-rural differences in clean energy access. Therefore, increasing investment in clean energy and technologies in rural areas is necessary to enhance the resilience of the energy sector to oil price shocks.
Article
Economics
Najia Saqib, Muhammad Usman, Ilhan Ozturk, Arshian Sharif
Summary: This study examines the impact of environmental technologies, financial growth, and energy use on ecological footprint and green growth. Environmental innovation and renewable energy deployment contribute to green growth, while financial expansion and non-renewable energy use have negative effects on the environment. The study also identifies causal relationships between different factors.
Article
Economics
Yessica C. Y. Chung, Noxolo Kunene, Hung-Hao Chang
Summary: The Renewable Energy Certificate (REC) is considered an innovative technology for building a green society. This study investigates the impact of REC purchases on stock return and volume in Taiwan between 2017 and 2021. The findings suggest that REC purchases have a positive effect on stock returns of manufacturing firms but not service firms. The frequency of REC purchases is also an important factor in the relationship between REC purchase and firm value. Additionally, the study reveals that public attention to environmental pollution plays a crucial role in positive stock returns and volume, while ESG disclosure is negatively associated with returns and volume.
Article
Economics
Seife Ayele, Wei Shen, Yacob Mulugetta, Tadesse Kuma Worako
Summary: This paper addresses the challenges of governing energy procurement from a mix of non-hydropower renewable energy sources supplied by independent producers. Building on political economy analysis and five case studies of independent producer projects from Ethiopia, it seeks to understand the root causes of the protracted delays and limited extent of procurement by independent producers. The key contestations lie in managing long term contracts, risk, uncertainty and in developing the institutional and human capacity to transition.