Article
Social Issues
Rosa Puertas, Jose M. Guaita-Martinez, Patricia Carracedo, Domingo Ribeiro-Soriano
Summary: This study fills a gap in the literature by defining eco-efficiency in terms of production and deaths due to pollution. The results show that almost all European countries perform well in terms of eco-efficiency, with Eastern European countries having the most room for improvement. Additionally, the study reveals spatial dependence of eco-efficiency in Europe.
TECHNOLOGY IN SOCIETY
(2022)
Article
Environmental Sciences
Faluk Shair, Sun Shaorong, Hafiz Waqas Kamran, Muhammed Sajjad Hussain, Muhammad Atif Nawaz, Van Chien Nguyen
Summary: The study finds that credit and liquidity risks have a positive effect on the efficiency and TFP growth of the banking industry in Pakistan, while insolvency risk has a negative effect. Competition leads to improved technological efficiency but decreases technical efficiency growth. Additionally, factors such as operational cost management, banking sector development, GDP growth rate, and infrastructure development show significant relationships with various efficiencies and TFP growth in the banking industry.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2021)
Article
Environmental Sciences
Dequn Zhou, Haining Chen, Qingyuan Zhu
Summary: With the rapid development of China's economy, high energy consumption and high pollution emission have become serious problems. This study evaluates China's regional energy and environmental efficiency using a parallel data envelopment analysis approach, and finds some key findings.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Economics
Caiquan Bai, Hangjuan Liu, Rongjie Zhang, Chen Feng
Summary: This study explores the impact of China's carbon market pilots on enterprises' total factor productivity (TFP) using data on China's A-share listed enterprises and city panel data. The findings indicate that the pilot policy had a positive effect on enterprises' TFP, particularly in high-carbon emission industries. The effect varied across regions and enterprises, depending on factors such as enterprise scale, property rights, governance level, financing constraints, and registration address. The study also identifies three channels through which the promotion effect works. Overall, building a carbon market is proven to be beneficial for enterprise development and provides policy references for achieving carbon reduction goals.
Article
Environmental Sciences
Ehsan Fallahiarezoudar, Mohaddeseh Ahmadipourroudposht, Keikhosro Yakideh, NorHasrul Akhmal Ngadiman
Summary: As urbanization increases, the global sewage volume and pollution-induced water shortage are continuously worsening, making it increasingly challenging to ensure sufficient and safe water supplies for everyone. Sewage treatment is a crucial prerequisite for water reclamation and reuse, with the performance of sewage treatment plants serving as a critical indicator from economic and environmental perspectives.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Environmental Sciences
Mingxuan Lu, Peirong Chen
Summary: This paper proposes a sustainable total factor productivity (STFP) measurement standard that comprehensively considers economic growth, environmental impact, and safety issues. The growth rate of STFP in the transport sector of OECD countries is measured using the Malmquist-Luenberger productivity index and data envelopment analysis (DEA). It is found that the growth rate of total factor productivity in the transport sector can be overestimated if safety is ignored. The influence of socio-economic factors on the measurement results is also discussed, revealing a threshold on the impact of environmental regulation intensity on the growth of STFP in transport.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Green & Sustainable Science & Technology
Rakesh Kumar, Janki Sharan Mishra, Santosh Sambhaji Mali, Surajit Mondal, Ram Swaroop Meena, Rattan Lal, Bal Krishna Jha, Sushanta Kumar Naik, Ashis Kumar Biswas, Hansraj Hans, Prem Kumar Sundaram, Arbind Kumar Choudhary, Mohammad Monobrullah, Sanjeev Kumar, Santosh Kumar, Rohan Kumar Raman, Bhagwati Prasad Bhatt, Ujjwal Kumar
Summary: High energy consumption and carbon emission are major components of environmental pollution. This study explores ways to reduce carbon footprints and improve energy use efficiency in rice-fallow production systems in South Asia. The results indicate that diversifying rice-fallow systems with oilseed and pulse crops can increase overall system productivity and economic returns. The use of zero-till-direct-seeded rice (ZTDSR) with residue retention significantly reduces energy consumption and carbon footprints, making it a viable production system.
JOURNAL OF CLEANER PRODUCTION
(2022)
Article
Business
Xiaoqing Chen, Xinwang Liu, Qingyuan Zhu
Summary: This article examines the impact of the innovation process on productivity changes in the high-tech industry. The results indicate that the total factor productivity of China's high-tech industries is increasing, with slight regional variations in the main drivers of growth, including technological progress and technical efficiency change.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2022)
Article
Economics
Victor Ajayi, Karim Anaya, Michael Pollitt
Summary: This study examines the productivity growth of electricity transmission and distribution networks in Great Britain, taking into account changes in incentive mechanisms as well as the effects of quality of service and environmental targets. The findings show consistently low productivity growth of approximately 1% per annum over a 29-year period. The study also demonstrates the impact of including a wider range of quality and emissions variables on measured productivity growth, which can vary from slightly positive to negative, with a significant impact on quality of service improvement in the distribution network.
Article
Green & Sustainable Science & Technology
Pyoungsoo Lee
Summary: The objective of this paper is to propose a method for evaluating the eco-efficiency of business organizations. The proposed model combines data envelopment analysis (DEA) and TOPSIS to comprehensively evaluate an organization based on operational, energy, and environmental efficiencies. The model does not require preference information from the decision maker and improves the discriminatory power between efficient and inefficient decision-making units.
Article
Green & Sustainable Science & Technology
Khalid Mehmood, Yaser Iftikhar, Ali Nawaz Khan
Summary: This study uses data envelopment analysis to measure the efficiency of energy, CO2 emissions, and eco-technological innovation in OECD countries. The findings suggest that there is room for improvement in most countries' efficiency scores. By improving eco-technological innovation efficiency and reducing energy consumption and CO2 emissions, environmental problems can be addressed.
CLEAN TECHNOLOGIES AND ENVIRONMENTAL POLICY
(2022)
Article
Energy & Fuels
Elif E. Demiral, Umit Saglam
Summary: The study found that 32 states in the US operate efficiently in terms of eco-efficiency, with 5 states performing at the most optimal scale, 17 states having considerable potential for boosting their productive efficiencies, and 28 states being overinvested in input variables. The non-radial DEA models show that the states' capital efficiency is very high, while energy and emission efficiencies are very low. The states' ecoproductivity is relatively higher than the eco-efficiency levels.
Article
Agronomy
Ali Mohammadi, G. Venkatesh, Samieh Eskandari, Shahin Rafiee
Summary: Increasing food supply is important globally, but reducing dependence on imported food commodities is crucial for national governments. This paper evaluates the eco-efficiency of wheat cultivation systems in Iran and shows that optimizing resource consumption can significantly reduce environmental impact.
Article
Business
Reza Kiani Mavi, Neda Kiani Mavi, Reza Farzipoor Saen, Mark Goh
Summary: This paper develops a novel common weights model to evaluate the eco-innovation efficiency of OECD countries and finds that Iceland, Latvia, and Luxembourg are the only countries that continuously improved their eco-innovation productivity from 2010 to 2018.
SUPPLY CHAIN MANAGEMENT-AN INTERNATIONAL JOURNAL
(2022)
Article
Environmental Sciences
Rui Shi, Yu Cui, Minjuan Zhao
Summary: The study shows that low-carbon technology innovation has a significant positive impact on the environmental performance of manufacturing, and it is on a continuous growth trend in OECD countries. The chemical industry has the highest level of low-carbon technology, with production process technology growing the fastest in most countries.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2021)
Article
Energy & Fuels
George E. Halkos, Apostolos S. Tsirivis
Summary: An eco-friendly and sustainable power production system is crucial for combating climate change and achieving energy resource autonomy. This research examines the impact of renewable energy resources, GDP per capita, electricity gross fixed capital formation, and urbanization on CO2 intensity and sustainability level of electricity production. The analysis reveals the statistical significance of these variables and establishes causal relationships, leading to policy suggestions. Surprisingly, higher GDP per capita can exacerbate electricity carbon footprint, while the role of renewable energy in clean electricity production has a reversing effect after a certain threshold. In contrast, electricity GFCF has a adverse effect on CO2 intensity, indicating a reliance on carbon-intensive technologies. A dynamic analysis also provides insights into the time frame for new energy policies to have a full impact on carbon emissions.
Article
Energy & Fuels
George Halkos, Eleni-Christina Gkampoura
Summary: The disadvantages of fossil fuels and their impact on the environment have made the transition to renewable energy sources essential. This study examines the impact of fossil fuels and renewables on energy poverty conditions in Europe. It also compares Sweden, Germany, and Greece in terms of energy poverty and transition. The findings can help governments and policy makers develop strategies for energy transition while protecting consumers.
Article
Energy & Fuels
George E. Halkos, Apostolos S. Tsirivis
Summary: Electricity is the most valuable energy commodity for households, and it is crucial for regulatory authorities and the EC to ensure affordable and unrestricted access to European citizens. Existing literature neglects the impact of electricity market structure on prices, focusing only on specific renewable energy resources. This study fills this gap by analyzing the relationship between renewable energy production, market liberalization indices, and household electricity prices using both static and dynamic panel methodologies.
Review
Energy & Fuels
George E. Halkos, Panagiotis-Stavros C. Aslanidis
Summary: This study examines whether shifts in policymaking stance can explain the predictability in excess energy poverty or fuel poverty levels. Energy-related poverty is a subcategory of global poverty and can be categorized into accessibility problems related to energy poverty and affordability issues associated with fuel poverty. Developed and developing countries have different energy issues, with developed countries dealing with fuel poverty and developing countries with energy poverty. Difficulties in energy access can be devastating for people at risk of poverty. Social welfare is at stake due to the energy crisis and warfare in eastern Europe. Solutions to energy poverty and fuel poverty include adopting renewables, governmental regulation, and supranational support through green deals and sustainable development goals (SDGs). In short, inflationary trends and war have put Agenda 2030 at risk due to the provocation of sustainability through energy-related vulnerability, insecurity, and poverty phenomena.
Review
Energy & Fuels
George Ekonomou, George Halkos
Summary: The importance of this study lies in the discussion of the relationship between energy growth and environmental degradation in environmental economics. It highlights the impacts of untested explanatory variables on environmental degradation levels. The findings suggest that sustainable economic growth can avoid or significantly reduce environmental degradation by reducing demand and improving energy efficiency.
Article
Green & Sustainable Science & Technology
George Halkos, Ioannis Kostakis
Summary: The present study investigates consensual-based energy poverty in Greece using four rounds of household panel data. The findings show genuine state dependence effects in consensual-based energy poverty among Greek households, with poverty persistence effects also evident in the data (10-12%). Socioeconomic, demographic, market, household, and climatic characteristics are essential predictors of energy poverty. About 9-10% of households appear to be chronically energy poor, and factors such as education, income level, dwelling characteristics, migration background, and employment status affect the chances of experiencing and escaping energy poverty. The empirical results have significant policy implications for mitigating residential energy poverty.
Article
Green & Sustainable Science & Technology
George Halkos, George Ekonomou
Summary: This study investigates the relationship between tourism expansion and the environment in the Eurozone countries from 1996 to 2019. The findings suggest that tourism proxies play a significant role in environmental degradation in terms of greenhouse gas emissions. Reciprocal causalities are identified between leisure and investment spending and environmental degradation, indicating complementarities between these variables. The study also highlights the importance of energy efficiency in the tourism sector.
Article
Economics
George Ekonomou, George Halkos
Summary: The present study investigates the causality relationships between environmental quality, energy efficiency, and economy through panel data analysis of Eurozone member states. The study confirms the validity of the Environmental Kuznets Curve hypothesis and explores the impact of tourism on environmental degradation. The findings highlight the importance of establishing sustainable energy consumption and tourism spending patterns.
ECONOMIC ANALYSIS AND POLICY
(2023)
Review
Economics
George E. Halkos, Panagiotis-Stavros C. Aslanidis
Summary: Prevailing measures on poverty, inequality, and social exclusion are critically assessed under sustainable development goals (SDGs) with a global perspective. Core poverty indices include poverty headcount ratio and various poverty gaps, while inequality measures like the Gini index and the Palma ratio are evaluated for policymaking potential. Addressing poverty, inequality, and social exclusion is integral to SDGs (1, 6 and 10), highlighting their multidisciplinary nature. Incorporating these elements into Agenda 2030 and improving measurement methods can significantly enhance integrated policy pathways at national and international levels.
Article
Energy & Fuels
George E. Halkos, Apostolos S. Tsirivis
Summary: Replacing conventional CO2 intensive generation with green electricity from RES is crucial for sustainable development and achieving clean low-cost energy production and climate change. This research analyzes the determinants of RES deployment in 17 European countries from 2003 to 2020, finding that electricity prices, energy taxes, and competition level impact each country's RES percentage in electricity production fuel mix. The study emphasizes the complexity of developing a unified and eco-friendly electricity market based on a fundamental energy strategy in the EU.
Editorial Material
Energy & Fuels
George Halkos
Article
Green & Sustainable Science & Technology
George Ekonomou, George Halkos
Summary: This study expands on the energy tourism growth discussion by introducing market segments and econometric procedures to investigate tourism proxies. It integrates the energy growth nexus with the tourism growth nexus and examines potential impacts and causalities using new variables. The findings confirm the conservation hypothesis and the presence of the feedback hypothesis. The study highlights the importance of effective management within the tourism system to promote pro-environmental behavior and efficient energy use.
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY
(2023)
Article
Environmental Studies
George E. Halkos, Panagiotis-Stavros C. Aslanidis
Summary: The term multi-crisis refers to the occurrence of multiple crises simultaneously, often stemming from geopolitical risks. Our study examines how institutional variables such as government effectiveness, the rule of law, and political stability influence the overall productivity of G20 economies. We find that on average, the BRICS have achieved higher total factor productivity (TFP) than the G7, with the G7 performance driven by innovation and the BRICS performance attributed to catching-up activities. Interestingly, weaker democratic institutions paradoxically show a link to higher productivity performance in the G20.
Editorial Material
Economics
George Halkos
ECONOMIC CHANGE AND RESTRUCTURING
(2023)
Review
Business, Finance
George Halkos, Argyro Zisiadou
Summary: This paper reviews the case of nuclear energy, discussing its advantages and disadvantages as a possible energy alternative in the future. It examines the impact of nuclear power on economic growth and the environment, highlighting the importance of waste management and disposal. The controversial history of nuclear accidents and military usage is also presented.
JOURNAL OF RISK AND FINANCIAL MANAGEMENT
(2023)
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.
