Article
Chemistry, Physical
Zhao Yang Dong, Jiajia Yang, Li Yu, Rahman Daiyan, Rose Amal
Summary: This study introduces the concept of hydrogen credit and establishes a trading framework for hydrogen credits in the international market, aiming to promote the global adoption and market development of green hydrogen through financial means. Case studies demonstrate the feasibility of this framework and the potential of a global hydrogen credit market.
INTERNATIONAL JOURNAL OF HYDROGEN ENERGY
(2022)
Article
Thermodynamics
Yanbin Li, Yanting Sun, Jiechao Liu, Chang Liu, Feng Zhang
Summary: This paper presents a novel near-zero carbon emission power plant (NZCEP) that integrates gas turbines, wind turbines, power-to-gas, and the carbon capture, utilization, and storage system to achieve low carbon transition and participation in the electricity-carbon market. The study also proposes a two-stage data-driven set-based robust optimization (DSRO) model for the optimal operating strategy of NZCEP under the electricity-carbon market. The results show that NZCEP offers better environmental and economic benefits by reducing carbon emissions, utilizing renewable energy, and generating additional revenue from selling surplus carbon emission allowances.
Review
Biodiversity Conservation
Agata Garsia, Antoine Moinet, Carmen Vazquez, Rachel E. Creamer, Gabriel Y. K. Moinet
Summary: The promotion of soil organic carbon (SOC) sequestration is gaining popularity as a potential solution for climate change mitigation and sustainable farming systems. Voluntary carbon markets have rapidly expanded where farmers are paid for carbon dioxide sequestered. SOC simulation models are crucial for certifying carbon credits, but their applicability and validation vary greatly. Currently, there are no guidelines for model selection. This review highlights the limitations and shortcomings of existing SOC models and emphasizes the lack of support for countries in the global south.
GLOBAL CHANGE BIOLOGY
(2023)
Article
Automation & Control Systems
Vahid Aryai, Mark Goldsworthy
Summary: Accurate forecasting of regional electrical grid carbon emissions is crucial for emissions reduction programs. This study proposes a Particle Swarm Optimised-extremely randomised trees (PSO-ERT) model for day ahead forecasting of emissions intensity in the Australian National Electricity Market (NEM). The PSO-ERT model outperforms LSTM and ELM models, as well as classic machine learning algorithms MLP and DT. Weather forecasts could further enhance the performance of the models.
ENGINEERING APPLICATIONS OF ARTIFICIAL INTELLIGENCE
(2023)
Review
Environmental Sciences
Zheng Zhang, Guangwen Hu, Xianzhong Mu, Li Kong
Summary: This paper conducts a bibliometric analysis on the topic of carbon neutrality to reveal the research progress and evolution of research hotspots. The findings show that carbon neutrality research is abundant at both macro and micro levels. Low carbon development is the premise, and emission reduction and carbon sinks are the basis of carbon neutrality. The degree of research varies significantly among countries, with China having the highest number of publications. Carbon neutrality requires a comprehensive analysis of technology, economy, and society. Carbon taxes and carbon markets are important economic mechanisms, while research on negative carbon technologies and renewable energy is growing rapidly. Carbon market, negative carbon technology, circular economy, and green energy will be the focus of future research.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2022)
Review
Agronomy
Chrysanthos Maraveas, Christos-Spyridon Karavas, Dimitrios Loukatos, Thomas Bartzanas, Konstantinos G. Arvanitis, Eleni Symeonaki
Summary: Resource management in agriculture is a crucial issue due to the significant greenhouse gas emissions generated by greenhouse farming and agriculture-related activities. This systematic literature review explores the potential of resource management and optimized environments in greenhouses to reduce energy requirements and CO2 emissions. The findings highlight various technologies and inventions that can be used to achieve zero greenhouse gas emissions through efficient energy-saving mechanisms. These include energy-saving techniques, systems for managing greenhouse conditions, renewable energy systems, and thermal energy storage systems. However, the adoption of these technologies faces challenges, and further research is needed to determine the economic feasibility of implementing certain technologies in greenhouse structures.
Editorial Material
Energy & Fuels
Jonathan J. J. Buonocore
Summary: Nuclear power is a significant source of electricity in the US, but many nuclear plants are about to shut down. Recent research highlights the risks of replacing nuclear energy with fossil fuels, such as increased greenhouse gas emissions and health impacts from air pollution.
Article
Environmental Studies
Mary-Ann Smyth
Summary: Conifer forestry is rapidly expanding in western parts of the British Isles, promoted as beneficial for climate, carbon, and biodiversity. However, the establishment of spruce plantations through draining and disturbing peaty soils has negative consequences such as carbon release and river ecosystem impairment. This viewpoint paper focuses on Scotland, urging investors and policy-makers to recognize the damage caused by rapid afforestation and restocking, particularly through peatland drainage, and suggesting corrective incentives to favor sustainable forest management.
Article
Engineering, Electrical & Electronic
Kai Jiang, Nian Liu, Xiaohe Yan, Yusheng Xue, Jie Huang
Summary: In this paper, the strategic behaviors of a generation company (GenCo) in both the electricity market and carbon market were studied. A model considering the dynamic carbon emission intensity (CEI) was developed to maximize GenCo's multi-market profits. The case studies based on an IEEE 30-bus system revealed the significant impact of dynamic CEIs on GenCo's cross-market arbitrage.
IEEE TRANSACTIONS ON POWER SYSTEMS
(2023)
Article
Environmental Sciences
Eli Mitchell-Larson, Myles Allen
Summary: This article introduces a novel carbon credit mechanism, proset, which achieves reliable net zero emissions by progressively increasing the fraction of carbon allocated to geological-timescale storage options. It meets the demand for nature-based climate solutions in the near term while promoting effective CO2 storage.
Article
Economics
Yishu Zhou, Ling Huang
Summary: The study found that the RGGI program reduced CO2 emissions by 13.43% in the RGGI area from 2009 to 2017, with only 14.35% of the reduction attributed to fuel switching. A significant portion of the emissions reduction (43.11% to 85.65%) leaked into unregulated areas. Additionally, policy-induced and price-induced fuel switching contributed to an increase in the natural gas heat percentage in regulated areas.
Article
Green & Sustainable Science & Technology
Jin Zou, Pengxiang Chen, Xu Fu, Chi Gong
Summary: Carbon trading is widely used as a carbon finance instrument to promote green transformation. This paper explores its impact on bond spreads for high-carbon enterprises. The study finds that participation in carbon trading pilots leads to lower bond spreads for high-carbon enterprises. This reduction in spreads is attributed to improvements in environmental performance and increased information disclosure.
JOURNAL OF CLEANER PRODUCTION
(2023)
Article
Economics
Bin Meng, Bangguo Wei, Mo Yang, Haibo Kuang
Summary: Global decarbonization has strengthened the link between the shipping industry and the carbon market. Understanding the interdependence mechanism between shipping energy and the carbon market is crucial for carbon pricing and decarbonization in shipping. The study found that short-term spillovers dominate the interaction between the two markets, with the EU carbon market having the largest influence on shipping energy markets. The intensity of the spillover effect is negatively correlated with the distance of major events, and volatility is highest in European ports.
Article
Management
Simin An, Bo Li, Dongping Song, Xue Chen
Summary: Green credit financing (GCF) is a financial service provided by banks to encourage green investment, where manufacturers can seek GCF from banks for green upgrades. The study investigates a supply chain system involving a capital-constrained manufacturer and a well-funded supplier, and compares the effectiveness of GCF with traditional trade credit financing (TCF).
EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
(2021)
Article
Green & Sustainable Science & Technology
Zhixiong Weng, Zhong Ma, Yang Xie, Cuiyun Cheng
Summary: This study finds that China's carbon trading policy significantly promotes green technological innovations of enterprises. Every one million CNY increase in carbon trading turnover leads to an increase of 119.4 granted green invention patents. The impact of the carbon trading policy on green technological innovation varies across cities, with higher effects observed in directly governed municipalities, cities with high GDP, cities in the eastern region, and cities with high market vitality. Strategies to enhance the vitality of the carbon market, such as linking carbon trading pilots with the national carbon market, are recommended.
JOURNAL OF CLEANER PRODUCTION
(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.