Special Issue "Energy Transition Amidst Global Energy Demand and Trade Studies"

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

Deadline for manuscript submissions: 31 December 2021.

Special Issue Editors

Dr. Festus Victor Bekun
E-Mail Website
Guest Editor
Department of International Logistics and Transportation, Faculty of Economics Administrative and Social sciences, Istanbul Gelisim University, 34310 Istanbul, Turkey
Interests: energy and environmental economics; climate change; environmental sustainability
Dr. Gizem Uzuner
E-Mail Website
Guest Editor
Department of Economics and Finance, Faculty of Economics Administrative and Social sciences, Istanbul Gelisim University, 34310 Istanbul, Turkey
Interests: energy economics; renewable and nonrenewable energy; environmental science; econometrics; housing market; tourism economics
Prof. Dr. Mehmet Balcilar
E-Mail Website
Guest Editor
Eastern Mediterranean University, Famagusta, 99628 Famagusta, Cyprus
Interests: econometrics; risk management; forecasting; time series; disaster risk modelling

Special Issue Information

Dear Colleagues,

Energy production and consumption have been blamed partly globally for climate change issues and global warming menace. This has brought policymakers, stakeholders, non-governmental bodies like the Intergovernmental Panel on Climate Change (IPCC) agencies to a crossroads of the dilemma between economic growth trajectory and its environmental consequences (Bekun et al.2019a; Bekun at al. 2019b; Baloch et al.2020). The unanswered puzzles do we stop seeking energy production or consumption? Of course, no. This has engineered the need for more innovative ways to consume energy products especially given the adverse effect of energy from fossil-fuel orientation. To this end, there is a need for a paradigm shift from conventional energy consumption to more efficient, secure, and clean energy sources. These sources are known to be more ecosystem friendly.

Furthermore, the wave of globalization, financial integration, and anthropogenic activities all put pressure for a higher impetus for energy consumption and economic growth thereby raising concerns of its aftermath. This dynamic resonates with the concern of United Nations Sustainable Development Goals that address these pertinent goals that border around access to clean and sustainable energy consumption, (SDG -7 and 12) sustainable development (SDG-8), and equality in business and partnership with the rest of the world (SDG- 10 and 17)

To underscore this dynamic and more, we seek scientific and technical notes/papers that access these issues with the adoption of state of art econometrics tools to push the frontier of knowledge on this theme for emerging, developing, and developed divide.

References

Baloch, M. A., Ozturk, I., Bekun, F. V., & Khan, D. (2020). Modeling the dynamic linkage between financial development, energy innovation, and environmental quality: Does globalization matter?. Business Strategy and the Environment.

Bekun, F. V., Alola, A. A., & Sarkodie, S. A. (2019a). Toward a sustainable environment: Nexus between CO2 emissions, resource rent, renewable and nonrenewable energy in 16-EU countries. Science of the Total Environment, 657, 1023-1029.

Bekun, F. V., Emir, F., & Sarkodie, S. A. (2019b). Another look at the relationship between energy consumption, carbon dioxide emissions, and economic growth in South Africa. Science of the Total Environment, 655, 759-765.

Dr. Festus Victor Bekun
Dr. Gizem Uzuner
Prof. Dr. Mehmet Balcilar
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. 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 1900 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 Economics
  • Energy Transition
  • Renewable Energy
  • Environmental Economics
  • Climate change
  • Environmental sustainability
  • Sustainable Development admits business dynamics
  • Global trade and energy consumption
  • Panel and Time Series data among others

Published Papers (2 papers)

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Research

Article
Implications of Social Isolation in Combating COVID-19 Outbreak in Kingdom of Saudi Arabia: Its Consequences on the Carbon Emissions Reduction
Sustainability 2021, 13(16), 9476; https://doi.org/10.3390/su13169476 - 23 Aug 2021
Viewed by 372
Abstract
The aftermath of the COVID-19 pandemic has two striking impacts on the economy of the Kingdom of Saudi Arabia. First, the economic contraction of business and economic activities. Second, the effect of oil prices dropping as energy demand decreases in the international market. [...] Read more.
The aftermath of the COVID-19 pandemic has two striking impacts on the economy of the Kingdom of Saudi Arabia. First, the economic contraction of business and economic activities. Second, the effect of oil prices dropping as energy demand decreases in the international market. This study seeks to underpin the linkage between GDP growth, oil price, foreign direct investment (FDI), air transport, social globalization and carbon dioxide emission by applying time-series econometrics techniques of the following: fully modified ordinary least squares, dynamic ordinary least squares and canonical tests. The results of the Johansen cointegration test and empirical analysis trace a long-run equilibrium relationship between the highlighted variables. Our study shows that a 1% increase in FDI attraction increases economic growth by 0.004%; similarly, air transport and oil rent from KSA increased economic growth by 0.547% and 0.005%, respectively. These outcomes are indicative of the GDP growth ambition of the KSA economy in order to intensify FDI attraction and the air transportation sector. However, we also observe that increases in CO2 emission increase GDP growth. Thus, this suggests that the economic growth in KSA is not green, indicating the need for green economic growth pursuit targets. Full article
(This article belongs to the Special Issue Energy Transition Amidst Global Energy Demand and Trade Studies)
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Article
El Niño, La Niña, and the Forecastability of the Realized Variance of Heating Oil Price Movements
Sustainability 2021, 13(14), 7987; https://doi.org/10.3390/su13147987 - 16 Jul 2021
Viewed by 434
Abstract
We use the heterogenous autoregressive (HAR) model to compute out-of-sample forecasts of the monthly realized variance (RV) of movements of the spot and futures price of heating oil. We extend the HAR–RV model to include the role of El Niño and La Niña [...] Read more.
We use the heterogenous autoregressive (HAR) model to compute out-of-sample forecasts of the monthly realized variance (RV) of movements of the spot and futures price of heating oil. We extend the HAR–RV model to include the role of El Niño and La Niña episodes, as captured by the Equatorial Southern Oscillation Index (EQSOI). Using data from June 1986 to April 2021, we show evidence for several model configurations that both El Niño and La Niña phases contain information useful for forecasting subsequent to the realized variance of price movements beyond the predictive value already captured by the HAR–RV model. The predictive value of La Niña phases, however, seems to be somewhat stronger than the predictive value of El Niño phases. Our results have important implications for investors, as well as from the perspective of sustainable decisions involving the environment. Full article
(This article belongs to the Special Issue Energy Transition Amidst Global Energy Demand and Trade Studies)
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