energies-logo

Journal Browser

Journal Browser

Trends and Prospects in Equitable Energy Transition

A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "B: Energy and Environment".

Deadline for manuscript submissions: closed (20 February 2022) | Viewed by 4207

Special Issue Editors


E-Mail Website
Guest Editor
Faculty of Energy and Fuels, AGH University of Science and Technology, Mickiewicza 30, 30-059 Krakow, Poland
Interests: combustion; adsorption chillers; desalination; cooling production; CFB boilers; oxy-fuel combustion; CLC; biomass; modeling
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
Faculty of Mining and Geoengineering, AGH University of Science and Technology, Mickiewicza 30, 30-059 Krakow, Poland
Interests: efficiency of energy policy; energy transition; economics of energy and mining enterprises; operational financial management; valuation of investment projects; financing of activities; modeling for value estimation of the companies

Special Issue Information

Dear Colleagues,

Since the Earth Summit in Rio de Janeiro (1992), a campaign to stabilize the concentration of greenhouse gases in the atmosphere and to stop climate change has started. The assumptions of the climate policy are implemented through a reduction in energy production from conventional sources in favor of production utilizing renewable energy sources (RES) and increasing energy efficiency.

Over time, climate policy becomes more and more stringent, which means that some countries face the need to undergo accelerated energy transformation, which often involves a complete change in their energy mix.

In that case, the change of energy mix means the maximum limitation of energy production from conventional fuels (especially as coal and lignite) directly affects the functioning of mining enterprises. These enterprises, if they do not take immediate action related to the range of activities, will completely disappear in the near future, which will have a negative impact on the socioeconomic aspect. This effect will be stronger the more the energy mix of a given country is based on conventional sources.

With the inevitable increase in consumption, the energy intensity of the economy is constantly increasing. A fair transition for mining and energy companies should impact them equally because otherwise, it will simply be liquidation, not transition of these industries.

Energy companies must look for new opportunities of increasing their revenues. Assuming a constant value of energy production from fossil fuels, their share in the energy mix will naturally decrease, and the increased energy demand will be covered by RES, which will also increase their share in the energy mix.

The question is what will happen if the energy transition, which leads to the end of fossil fuel mining, does not slow down the development of countries, whose energy mix is largely based on conventional fuels. Does that represent a just and equitable energy transition? Is it a fair energy transition from the point of view of all Central and Eastern European countries? What new business models can be implemented by energy and mining companies so that they can exist on the market in a similar dimension?

Prof. Dr. Wojciech Nowak
Dr. Arkadiusz Kustra
Guest Editors

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. Energies 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 2600 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

  • Energy transition toward renewable energy sources
  • Fairy transition of energy and mining firms
  • Diversification of activity under energy policy
  • New business models of energy and mining
  • companies
  • Value chains in energy sector
  • Sustainable energy economy

Published Papers (2 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

25 pages, 3699 KiB  
Article
Financial Balance Analysis of Geothermal Companies in Poland Based on Managerial Cash Flows
by Arkadiusz Kustra and Sylwia Lorenc
Energies 2021, 14(23), 7885; https://doi.org/10.3390/en14237885 - 24 Nov 2021
Cited by 3 | Viewed by 1929
Abstract
The use of geothermal energy to produce heat and electricity has become increasingly important in recent years. This is mainly due to environmental issues and the need to ensure energy security. The aim of the article was to analyse and compare the ability [...] Read more.
The use of geothermal energy to produce heat and electricity has become increasingly important in recent years. This is mainly due to environmental issues and the need to ensure energy security. The aim of the article was to analyse and compare the ability to maintain cash balance of selected geothermal companies in Poland. The following were taken for verification: Przedsiębiorstwo Energetyki Cieplnej PEC Geotermia Podhalańska S.A., Geotermia Poddębice Sp. z o.o., Geotermia Mazowiecka S.A., Geotermia Pyrzyce Sp. z o.o. and Geotermia Czarnków Sp. z o.o. The adopted research methodology, combining accrual and cash recognition, allowed the analysis of the ability to create cash flows and maintain cash stability in 2016–2019. The study used financial data from the financial statements of the analysed companies. The analysis shows that the highest cash flows from assets defined as Free Cash Flow to Firm FCFF (over PLN 11,318 thousand) and the highest cash flows for owners Free Cash Flow to Equity FCFE (over PLN 10,005 thousand) are generated by Geotermia Mazowiecka S.A. At the same time, the balance between cash flows meeting the inequality FCFF ≥ FCFE + FCD, where FCD Free Cash Flow to Debt, determines the ability of assets to generate cash covering the current distribution of capital for its donors. Consequently, there is an increase in the value of cash resources identified in investments in the management balance sheet. Such a situation occurred in the case of Geotermia Poddębice Sp. z o.o. and Geotermia Mazowiecka S.A. The reverse situation, i.e., FCFF < FCFE + FCD is characteristic for cash imbalance. In such conditions there is a decrease in cash resources identified in the management balance. This occurred in PEC Geotermia Podhalańska S.A., Geotermia Pyrzyce Sp. z o.o. and Geotermia Czarnków Sp. z o.o. Full article
(This article belongs to the Special Issue Trends and Prospects in Equitable Energy Transition)
Show Figures

Figure 1

14 pages, 2617 KiB  
Article
Opportunities and Threats for Polish Power Industry and for Polish Coal: A Case Study in Poland
by Dariusz Fuksa
Energies 2021, 14(20), 6638; https://doi.org/10.3390/en14206638 - 14 Oct 2021
Cited by 8 | Viewed by 1498
Abstract
This article analyses opportunities and threats for the Polish power industry resulting from the EU climate and energy policy. The main assumptions of the policy and directives resulting from it with regard to climate protection and the use of renewable energy sources (RES) [...] Read more.
This article analyses opportunities and threats for the Polish power industry resulting from the EU climate and energy policy. The main assumptions of the policy and directives resulting from it with regard to climate protection and the use of renewable energy sources (RES) in the production of electricity and heat are presented. The negative effects (threats) for Poland in meeting the EU requirements are discussed. The paper also discusses the opportunities for Polish coal, proposing solutions to meet EU directives and to maintain energy security without having to give up Polish coal. Reference is made as well to the plans to liquidate the Polish mining industry, indicating solutions opposing such actions. Full article
(This article belongs to the Special Issue Trends and Prospects in Equitable Energy Transition)
Show Figures

Figure 1

Back to TopTop