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Energy Policy and Sustainable Development of the Global Energy Markets

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Resources and Sustainable Utilization".

Deadline for manuscript submissions: closed (23 March 2024) | Viewed by 2617

Special Issue Editors


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Guest Editor
Faculty of Political Sciences, Economics, Economic Policy, İstanbul Medeniyet University, İstanbul, Turkey
Interests: social and human sciences; economics; economic policy; economic theory; development economics and economic growth

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Guest Editor
Faculty of Akcakoca Bey Political Sciences, Economics, Duzce University, Duzce, Turkey
Interests: economics; economic policy; economic theory; energy economics

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Guest Editor
Faculty of Economics and Administrative Sciences, Economics, Tekirdağ Namık Kemal University, Tekirdağ, Turkey
Interests: econometrics theory; applied macro econometrics; economics
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Special Issue Information

Dear Colleagues,

Energy policy plays a crucial role in achieving the sustainable development of the global energy markets. Sustainable development goals, such as reducing greenhouse gas emissions, ensuring energy access, and promoting energy efficiency and renewable energy, are crucial for achieving a sustainable and resilient future. In this vein, sustainable development requires balancing economic, social, and environmental factors, which is particularly challenging in the energy sector due to its significant impact on climate change, air quality, and natural resources. Effective energy policies aim to ensure the affordability, accessibility, reliability, and sustainability of energy sources while promoting energy efficiency and conservation. This involves promoting renewable energy sources, such as solar, wind, and hydro power, and reducing reliance on non-renewable sources such as fossil fuels. Moreover, sustainable development requires international cooperation and coordination to address global energy challenges. This includes promoting energy access in developing countries, reducing energy poverty, and improving energy security. In summary, energy policy plays a critical role in promoting the sustainable development of the global energy markets by balancing economic, social, and environmental considerations, promoting renewable energy sources, and encouraging international cooperation and coordination.

The aim of the Special Issue is to examine the impact of energy policies on the sustainable development of global energy markets. Energy policies are directly linked to the United Nations Sustainable Development Goal (SDG) 7, which aims to ensure access to affordable, reliable, sustainable, and modern energy for all. To achieve SDG 7, countries need to develop and implement effective energy policies that prioritize the use of renewable energy sources and promote energy efficiency. This involves investing in clean energy technologies, improving energy infrastructure, and providing energy access to underserved communities. Moreover, energy policies have a significant impact on the achievement of other SDGs, such as SDG 13 on climate action; SDG 8 on decent work and economic growth; and SDG 9 on industry, innovation, and infrastructure. For instance, energy policies that promote the use of renewable energy sources can help reduce greenhouse gas emissions and mitigate the effects of climate change, while also creating jobs and promoting economic growth.

We kindly invite high-quality papers that concentrate on energy policies and the worldwide energy market for the Special Issue. The Special Issue aims to feature empirical results that are significant for policymakers and regulators.

Prof. Dr. Seyfettin Erdoǧan
Prof. Dr. Ayfer Gedikli
Prof. Dr. Emrah Ismail Çevik
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. 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

  • sustainable development
  • energy policies
  • global energy market

Published Papers (2 papers)

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Research

20 pages, 1318 KiB  
Article
Are Natural Resource Rents and Renewable Energy Consumption Solutions for Environmental Degradation? Fresh Insights from a Modified Ecological Footprint Model
by Tunahan Hacıimamoğlu and Vedat Cengiz
Sustainability 2024, 16(7), 2736; https://doi.org/10.3390/su16072736 - 26 Mar 2024
Viewed by 653
Abstract
A comprehensive approach addressing the key factors exacerbating pressure on the environment is required to minimize the damages caused by global warming and environmental destruction. For this purpose, the present study investigates the effects of renewable energy consumption (REC) and natural resource rents [...] Read more.
A comprehensive approach addressing the key factors exacerbating pressure on the environment is required to minimize the damages caused by global warming and environmental destruction. For this purpose, the present study investigates the effects of renewable energy consumption (REC) and natural resource rents (NRRs) on environmental degradation within the scope of the environmental Kuznets curve (EKC) hypothesis for ASEAN-5 countries. Differing from most previous studies, this research represents environmental degradation by using the ecological footprint pressure index, which considers both the supply and demand aspects of the environment. The present study covers the period between 1990 and 2018. This study employs the Method of Moments Quantile Regression (MMQR), an advanced panel technique that yields reliable results on the outlier issue, endogeneity, and non-normal distribution. The MMQR results confirm the EKC hypothesis, assuming the presence of an inverted U-shaped relationship between economic growth and environmental degradation. Moreover, the results reveal that REC and NRRs reduce environmental degradation in all quantiles. Given these results, policymakers in the ASEAN-5 countries are recommended to utilize productivity gains from natural resource rents for investment in clean energy and to shift their energy consumption policies towards renewable energy technologies and research. Full article
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18 pages, 1549 KiB  
Article
Global Energy Transformation and the Impacts of Systematic Energy Change Policy on Climate Change Mitigation
by Hakan Güneş, Hamis Miraji Ally Simba, Haydar Karadağ and Mustafa Şit
Sustainability 2023, 15(19), 14298; https://doi.org/10.3390/su151914298 - 27 Sep 2023
Cited by 2 | Viewed by 1431
Abstract
This study aims to evaluate the effect of global energy transformation and systematic energy change on climate change. The model is constructed from dynamic panel data which comprises 26 world regions from the World Database Indicators (WDIs), International Energy Atomic (IEA), and International [...] Read more.
This study aims to evaluate the effect of global energy transformation and systematic energy change on climate change. The model is constructed from dynamic panel data which comprises 26 world regions from the World Database Indicators (WDIs), International Energy Atomic (IEA), and International Monetary Fund (IMF), with a span from 2005 to 2022. The Generalized system Method of Moment (sys-GMM) and pooled OLS and random effect models have been used to empirically evaluate the linked effect of global transformation and systematic change on climate change. The sys-GMM approach is used to control the endogeneity of the lagged dependent variable when there is an association between the exogenous variable and the error term. Furthermore, it omits variable bias, measurement errors in the estimation, and unobserved panel heterogeneity. The econometric applications allow us to quantify the direct effect of global transformation and systematic change on climate change. The empirical analysis revealed that renewable energy, alternative energy, technology and innovation, and financial climate have a negative effect on climate change. It means that increasing consumption of the transformation energies leads to reducing the effect of climate change. However, fossil energy is statistically significant and positively affects climate change. Increasing the consumption of fossil energy raises the effect of climate change. There is a global need for massive decarbonization infrastructure that will help minimize the global warming that leads to climate change. Policies that take an endogenous approach through global transformation and systematic change should be implemented to reduce the effect of climate change. The policy should reduce the consumption of non-renewable energy and increase the consumption of renewable energy. Full article
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