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The Economics and Politics of Renewable Energy
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The Economics and Politics of Renewable Energy

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Energy Sustainability".

Deadline for manuscript submissions: closed (30 September 2020) | Viewed by 10478

Special Issue Editor

Dr. Gal Hochman

E-Mail Website
Guest Editor
Department of Agriculture, Food & Resource Economics, Rutgers School of Environmental and Biological Sciences, The State University of New Jersey, New Brunswick, New Jersey, USA
Interests: environment; sustainability; renewable energy technologies; biotechnology; applied economics; energy; agricultural biotechnology; policy; international marketing; biomass conversion; biofuel production; biomass; biofuels; bioenergy carbon capture use and storage; petroleum; pyrolysis; environmental economics; biodiesel production; green technology; trade; energy economics; welfare; mergers; biomass energy; ethanol; technology adoption; gasoline; empirical research

Special Issue Information

Dear Colleagues,

Energy is a ubiquitous resource that is at the forefront of the political-economy discourse. Currently, energy is heavily dependent on the use of fossil fuels, wreaking havoc on the global climate through the emissions of greenhouse gases. In light of these mounting concerns, national and international stakeholders are calling for a transition towards renewable and cleaner energy sources. However, the adoption of and investments in renewable energy technologies are inadequate. Although policy and legislative instruments in support of the development of renewable technologies exist, the share of renewable energy in the global energy generation mix is small. The share of renewables in transportation is only a few percent points and is barely 10% in heat, globally.

Given the importance of transitioning away from fossil fuels, the Special Issue’s overarching goal is to better understand the economics and politics of renewable energy. Through the shedding of new light on the deficiencies of existing policy strategies, we hope to better understand the complexity as well as the alignments of interests of stakeholders. By means of the economics of renewable energy technologies, we hope to gain new insight into the process leading to the diffusion of these technologies and to the barriers that hinder their wide deployment. 

Dr. Gal Hochman
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Renewable energy
  • Political economy
  • Investment
  • Adoption
  • Diffusion
  • Technologies
  • Biomass
  • Wind
  • Solar
  • Hydroelectric
  • Geothermal
  • Bioenergy
  • Electricity
  • Transportation
  • Industrial
  • Commercial
  • Residential

Published Papers (3 papers)

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Research

21 pages, 4786 KiB  
Article
The Potential Implications of the Introduction of Bioelectricity in South Korea
by Gal Hochman and Chrysostomos Tabakis
Sustainability 2020, 12(18), 7602; https://doi.org/10.3390/su12187602 - 15 Sep 2020
Cited by 1 | Viewed by 2115
Abstract
We investigate the bioelectricity potential of South Korea and the ramifications of the introduction of biomass use in electricity production for the Korean electricity market. The novelty of our study lies in that we consider a broad portfolio of biomass-energy technologies and carefully [...] Read more.
We investigate the bioelectricity potential of South Korea and the ramifications of the introduction of biomass use in electricity production for the Korean electricity market. The novelty of our study lies in that we consider a broad portfolio of biomass-energy technologies and carefully analyze their potential economic and environmental implications for South Korea given its biomass availability. To the best of our knowledge, this is the first study to attempt this in the context of South Korea. We first offer a preliminary assessment of South Korea’s theoretical biomass potential from forestry residues, livestock manure, and staple crops and of the amount of electricity that could be generated using these different biomass feedstocks. Our analysis suggests that biomass can be used to produce a substantial portion of the total electricity consumed annually in South Korea. In addition, out of all the feedstocks and technologies considered, pyrolysis of forestry residues could potentially impact the electricity market the most. Next, we simulate different bioelectricity supply shocks while randomly perturbing our model’s demand and supply elasticity parameters using the Monte Carlo methodology. Our results demonstrate that the introduction of bioelectricity could significantly affect South Korea’s electricity market as well as its CO2 emissions. Full article
(This article belongs to the Special Issue The Economics and Politics of Renewable Energy)
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17 pages, 10236 KiB  
Article
Biofuels and Their Potential in South Korea
by Gal Hochman and Chrysostomos Tabakis
Sustainability 2020, 12(17), 7215; https://doi.org/10.3390/su12177215 - 3 Sep 2020
Cited by 3 | Viewed by 5246
Abstract
We investigated the biofuel potential of South Korea and the implications of the introduction of biofuels for the Korean fuel market. We approximated the upper-bound biomass potential from forestry residues, livestock manure, and staple crops and calculated the amount of fuel that could [...] Read more.
We investigated the biofuel potential of South Korea and the implications of the introduction of biofuels for the Korean fuel market. We approximated the upper-bound biomass potential from forestry residues, livestock manure, and staple crops and calculated the amount of fuel that could be produced using these different biomass feedstocks. Our assessment suggests that biomass can be used to produce a significant portion of the fuel consumed annually in South Korea, with the most promising feedstock being forestry residues. Out of all the technologies considered, the production of cellulosic ethanol from forestry residues could potentially impact the fuel market the most. The key novelty of our study lies in that we considered a broad portfolio of biofuel technologies and carefully examined their potential economic and environmental implications for South Korea given its biomass availability (which we estimated). Full article
(This article belongs to the Special Issue The Economics and Politics of Renewable Energy)
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11 pages, 279 KiB  
Article
Willingness to Pay Price Premium for Smartphones Produced Using Renewable Energy
by Ju-Hee Kim, Hyo-Jin Kim and Seung-Hoon Yoo
Sustainability 2019, 11(6), 1566; https://doi.org/10.3390/su11061566 - 14 Mar 2019
Cited by 6 | Viewed by 2560
Abstract
Due to air pollution and greenhouse gases issues associated with the use of fossil fuels and nuclear safety issues after the Fukushima accident, consumers are increasingly in favor of commodities produced using electricity generated from relatively expensive renewable energy (RE) rather than cheap [...] Read more.
Due to air pollution and greenhouse gases issues associated with the use of fossil fuels and nuclear safety issues after the Fukushima accident, consumers are increasingly in favor of commodities produced using electricity generated from relatively expensive renewable energy (RE) rather than cheap fossil fuels or nuclear energy. This is usually called ‘RE100’. The objective of this study is to examine South Korean consumers’ willingness to pay (WTP) price premium for a RE100 commodity using the specific case of smartphones. We accomplished the purpose by conducting a contingent valuation survey of 1000 individuals in August 2018 and analyzing the data gathered from the survey. In addition, the spike model was applied to dealing with the zero WTP responses. Based on the analysis results, an average price premium was statistically significantly estimated to be KRW 11,699 (USD 10.5) for all respondents. This is worth 1.6% of the price for a conventional non-RE100 smartphone (KRW 750,000 or USD 673.9) and is higher than the cost increase (0.97%) when producing RE100 smartphones. Therefore, it can be seen that South Korean consumers have sufficient acceptance for RE100 smartphones. Full article
(This article belongs to the Special Issue The Economics and Politics of Renewable Energy)
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