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Low Carbon Transition for a Green Future

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 April 2022) | Viewed by 6363
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Special Issue Editors


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Guest Editor
School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China
Interests: energy technology; climate policy; energy marketing
School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China
Interests: real estate economics; policy analysis; behavioral finance
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Guest Editor
School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China
Interests: econometrics; energy and environmental management

Special Issue Information

Dear Colleagues,

Statistics from UNFCCC shows that more than 120 countries or regions worldwide have mentioned carbon neutrality, climate neutrality, net zero emissions or net zero carbon emissions in relevant documents, among which 29 (including 27 EU countries) have provided official commitments through formal channels, covering more than 50% of global carbon emissions. How to achieve carbon neutrality is a major issue for society today, by which conditions and supports for the global realization of the 2 °C and 1.5 °C goals can be strongly reinforced. Researchers and scholars need to provide a scientific basis for policymakers to formulate effective and feasible plans to reduce emissions and achieve low-carbon transition.

Most of the aforementioned economies with commitments propose to achieve net zero around the middle of the century. Although the realization of the goals will face many challenges, it will also bring unprecedented opportunities, including reducing air pollution, improving health and safety, facilitating long-term development in the field of new technologies, promoting environmental protection, and making contributions to global climate change governance. The realization of low carbon transition will improve social welfare and help the country to build a harmonious and friendly environment, simultaneously achieving technological and economic development for both developed countries and emerging economies. In the process, it is important to act as early as possible, where the following strategies, including sustainable energy consumption, electricity decarbonization, electrification, low-carbon fuel conversion, the use of negative emission technologies, etc., play an important role.

The objectives of this Special Issue will be on where the whole world shall go for low-carbon transition, and how countries or regions would find the economically feasible pathways. We welcome papers on both theoretical and empirical research topics, including but not limited to:

  • Technology potential, key policy options, and feasibility analyses;
  • Clean investment: Climate policy incentives and long-run returns;
  • Green investment and green consumption;
  • Environmental regulation and socioeconomic development;
  • Energy, environmental, and economic sustainability in emerging economies;
  • Outsourcing and spillovers of green innovation towards green future;
  • Collaborative or non-collaborative paths of climate governance;
  • Resource constraints for energy restructuring and green future;
  • Role of technology options in economic inequality and poverty.

Prof. Dr. Hongbo Duan
Prof. Dr. Xiuting Li
Prof. Dr. Yi Hu
Guest Editors

Manuscript Submission Information

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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
  • green economy
  • climate change
  • resource constraints

Published Papers (3 papers)

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Research

26 pages, 4052 KiB  
Article
A Fuzzy Prescriptive Analytics Approach to Power Generation Capacity Planning
by Berna Tektaş, Hasan Hüseyin Turan, Nihat Kasap, Ferhan Çebi and Dursun Delen
Energies 2022, 15(9), 3176; https://doi.org/10.3390/en15093176 - 26 Apr 2022
Viewed by 1723
Abstract
This study examines the long-term energy capacity investment problem of a power generation company (GenCo), considering the drought threat posed by climate change in hydropower resources in Turkey. The mid-term planning decisions such as maintenance and refurbishment scheduling of power plants are also [...] Read more.
This study examines the long-term energy capacity investment problem of a power generation company (GenCo), considering the drought threat posed by climate change in hydropower resources in Turkey. The mid-term planning decisions such as maintenance and refurbishment scheduling of power plants are also considered in the studied investment planning problem. In the modeled electricity market, it is assumed that GenCos conduct business in uncertain market conditions with both bilateral contracts (BIC) and day-ahead market (DAM) transactions. The problem is modeled as a fuzzy mixed-integer linear programming model with a fuzzy objective and fuzzy constraints to handle the imprecisions regarding both the electricity market (e.g., prices) and environmental factors (e.g., hydroelectric output due to drought). Bellman and Zadeh’s max-min criteria are used to transform the fuzzy capacity investment model into a model with a crisp objective and constraints. The applicability of methodology is illustrated by a case study on the Turkish electric market in which GenCo tries to find the optimal power generation investment portfolio that contains five various generation technologies alternatives, namely, hydropower, wind, conventional and advanced combined-cycle natural gas, and steam (lignite) turbines. The results show that wind turbines with low marginal costs and steam turbines with high energy conversion efficiency are preferable, compared with hydroelectric power plant investments when the fuzziness in hydroelectric output exists (i.e., the expectation of increasing drought conditions as a result of climate change). Furthermore, the results indicate that the gas turbine investments were found to be the least preferable due to high gas prices in all scenarios. Full article
(This article belongs to the Special Issue Low Carbon Transition for a Green Future)
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16 pages, 5328 KiB  
Article
Does Air Pollution Impact Fiscal Sustainability? Evidence from Chinese Cities
by Ge Gao, Xiuting Li, Xiaoting Liu and Jichang Dong
Energies 2021, 14(21), 7247; https://doi.org/10.3390/en14217247 - 03 Nov 2021
Cited by 5 | Viewed by 1646
Abstract
Fiscal sustainability is an issue of great concern for governments globally and air pollution control has become an important factor affecting fiscal sustainability. This study aims to examine the impact of air pollution on fiscal sustainability in the short and long run. We [...] Read more.
Fiscal sustainability is an issue of great concern for governments globally and air pollution control has become an important factor affecting fiscal sustainability. This study aims to examine the impact of air pollution on fiscal sustainability in the short and long run. We conducted an empirical analysis based on air pollution and local government debt data on China’s prefecture-level cities in 2014–2019, using regression discontinuity design (RDD) and a panel data model. The results show that air pollution reduces the debt burden of governments in the short run. However, in the long run, addressing the negative impacts of air pollution adds to the debt burden of local governments, hindering fiscal sustainability. Fiscal freedom and the level of public services significantly moderate the negative impact of air pollution on fiscal sustainability. A higher level of fiscal freedom generally indicates a greater incentive for local governments to raise pollutant emission standards, strengthen the construction of green infrastructure, and subsidize green enterprises. Furthermore, a higher level of public services reflects better infrastructure and higher levels of investment in environmental protection, which help to reduce the negative impact of air pollution. The governments are suggested to take measures to effectively control air pollution, so as to enhance fiscal stability in the long run. Full article
(This article belongs to the Special Issue Low Carbon Transition for a Green Future)
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15 pages, 709 KiB  
Article
Analysis of the Financing Structure of China’s Listed New Energy Companies under the Goal of Peak CO2 Emissions and Carbon Neutrality
by Fuyou Li and Hao Di
Energies 2021, 14(18), 5636; https://doi.org/10.3390/en14185636 - 08 Sep 2021
Cited by 7 | Viewed by 2212
Abstract
Under China’s “Dual Carbon” strategic goal, electric energy substitution on the energy consumption side and clean substitution on the energy supply side have become an important path to achieve peak CO2 emissions and carbon neutrality. Adjusting the energy structure and encouraging new [...] Read more.
Under China’s “Dual Carbon” strategic goal, electric energy substitution on the energy consumption side and clean substitution on the energy supply side have become an important path to achieve peak CO2 emissions and carbon neutrality. Adjusting the energy structure and encouraging new energy to replace traditional energy is an important manifestation of China’s energy supply revolution. Therefore, China’s new energy companies have grown rapidly over the past decade. The development and growth of this industry is inseparable from government policy support. The profitability and economy are essential for the new energy industry to support its sustainable development., especially the choice of business models such as operation model and financing structures. Therefore, we build extended panel vector autoregression (PVAR) models with two-step system GMM(SYS-GMM) estimator which introduced predetermined and strictly exogenous variables to explore the dynamic correlation between financing structure and economic performance of China’s new energy public companies. The number of patent approvals and financial leverage are introduced as exogenous control variables. The results show that although the increase in costs caused by financing behavior will have a negative impact on the company’s return on equity in the short term, with the rational investment and utilization of funds, the negative impact will gradually weaken. Listed new energy companies can effectively use financing funds, and the use of different financing tools has different effects on company performance. Although debt financing can help promote the company’s profitability, it is detrimental to its future growth capacity. Full article
(This article belongs to the Special Issue Low Carbon Transition for a Green Future)
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