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Keywords = CO2 emission allowance price

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25 pages, 2100 KiB  
Article
Flexible Demand Side Management in Smart Cities: Integrating Diverse User Profiles and Multiple Objectives
by Nuno Souza e Silva and Paulo Ferrão
Energies 2025, 18(15), 4107; https://doi.org/10.3390/en18154107 - 2 Aug 2025
Viewed by 200
Abstract
Demand Side Management (DSM) plays a crucial role in modern energy systems, enabling more efficient use of energy resources and contributing to the sustainability of the power grid. This study examines DSM strategies within a multi-environment context encompassing residential, commercial, and industrial sectors, [...] Read more.
Demand Side Management (DSM) plays a crucial role in modern energy systems, enabling more efficient use of energy resources and contributing to the sustainability of the power grid. This study examines DSM strategies within a multi-environment context encompassing residential, commercial, and industrial sectors, with a focus on diverse appliance types that exhibit distinct operational characteristics and user preferences. Initially, a single-objective optimization approach using Genetic Algorithms (GAs) is employed to minimize the total energy cost under a real Time-of-Use (ToU) pricing scheme. This heuristic method allows for the effective scheduling of appliance operations while factoring in their unique characteristics such as power consumption, usage duration, and user-defined operational flexibility. This study extends the optimization problem to a multi-objective framework that incorporates the minimization of CO2 emissions under a real annual energy mix while also accounting for user discomfort. The Non-dominated Sorting Genetic Algorithm II (NSGA-II) is utilized for this purpose, providing a Pareto-optimal set of solutions that balances these competing objectives. The inclusion of multiple objectives ensures a comprehensive assessment of DSM strategies, aiming to reduce environmental impact and enhance user satisfaction. Additionally, this study monitors the Peak-to-Average Ratio (PAR) to evaluate the impact of DSM strategies on load balancing and grid stability. It also analyzes the impact of considering different periods of the year with the associated ToU hourly schedule and CO2 emissions hourly profile. A key innovation of this research is the integration of detailed, category-specific metrics that enable the disaggregation of costs, emissions, and user discomfort across residential, commercial, and industrial appliances. This granularity enables stakeholders to implement tailored strategies that align with specific operational goals and regulatory compliance. Also, the emphasis on a user discomfort indicator allows us to explore the flexibility available in such DSM mechanisms. The results demonstrate the effectiveness of the proposed multi-objective optimization approach in achieving significant cost savings that may reach 20% for industrial applications, while the order of magnitude of the trade-offs involved in terms of emissions reduction, improvement in discomfort, and PAR reduction is quantified for different frameworks. The outcomes not only underscore the efficacy of applying advanced optimization frameworks to real-world problems but also point to pathways for future research in smart energy management. This comprehensive analysis highlights the potential of advanced DSM techniques to enhance the sustainability and resilience of energy systems while also offering valuable policy implications. Full article
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15 pages, 508 KiB  
Article
Demand-Adapting Charging Strategy for Battery-Swapping Stations
by Benjamín Pla, Pau Bares, Andre Aronis and Augusto Perin
Batteries 2025, 11(7), 251; https://doi.org/10.3390/batteries11070251 - 2 Jul 2025
Viewed by 287
Abstract
This paper analyzes the control strategy for urban battery-swapping stations by optimizing the charging policy based on real-time battery demand and the time required for a full charge. The energy stored in available batteries serves as an electricity buffer, allowing energy to be [...] Read more.
This paper analyzes the control strategy for urban battery-swapping stations by optimizing the charging policy based on real-time battery demand and the time required for a full charge. The energy stored in available batteries serves as an electricity buffer, allowing energy to be drawn from the grid when costs or equivalent CO2 emissions are low. An optimized charging policy is derived using dynamic programming (DP), assuming average battery demand and accounting for both the costs and emissions associated with electricity consumption. The proposed algorithm uses a prediction of the expected traffic in the area as well as the expected cost of electricity on the net. Battery tests were conducted to assess charging time variability, and traffic density measurements were collected in the city of Valencia across multiple days to provide a realistic scenario, while real-time data of the electricity cost is integrated into the control proposal. The results show that incorporating traffic and electricity price forecasts into the control algorithm can reduce electricity costs by up to 11% and decrease associated CO2 emissions by more than 26%. Full article
(This article belongs to the Special Issue Control, Modelling, and Management of Batteries)
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21 pages, 2152 KiB  
Article
Scenarios of Carbon Capture and Storage Importance in the Process of Energy System Transformation in Poland
by Aurelia Rybak and Jarosław Joostberens
Energies 2025, 18(9), 2278; https://doi.org/10.3390/en18092278 - 29 Apr 2025
Cited by 1 | Viewed by 343
Abstract
One of the most important issues in the coming years will be the decarbonisation of the European Union member states’ energy systems. The majority of the abstract requires modification. I propose that the first sentence of the abstract in the manuscript should better [...] Read more.
One of the most important issues in the coming years will be the decarbonisation of the European Union member states’ energy systems. The majority of the abstract requires modification. I propose that the first sentence of the abstract in the manuscript should better emphasize the formulation of the problem. The remaining part and any corrections were made by the author. Scenarios of the importance of CCS in the process of transformation of energy systems in Poland. One of the most important issues in the coming years will be the transformation of the energy systems of the European Union’s member states, which will require the development of appropriate technological solutions. The research presented here analyses the importance of CCS in energy transformation. This article proposes adapting the energy transformation method to the structure of the energy mix and conditions prevailing in a specific country. Poland was adopted as an example for analysis due to its exceptionally complicated situation, taking into account the structure of energy production. For this purpose, an expert opinion survey was conducted. Both measurable variables, such as the volume of CO2 emissions and EU ETS prices, and a qualitative variable, i.e., the impact of the political environment on the development of CCS, were introduced to the constructed model. The model allowed us to construct three scenarios describing alternative visions for the future development of CCS: optimistic, pessimistic, and neutral, taking into account different conditions in which CCS can develop. The use of fuzzy sets allowed us to eliminate the most serious drawback of planning scenarios based on expert knowledge, which is the subjectivity of their judgments. This research showed that stable conditions of the political environment and predictable legal regulations will be crucial for the application of CCS in the Polish energy sector. The prepared scenarios will enable a quick response and accurate decisions under various conditions of the turbulent environment. This will facilitate the preparation of energy strategies. The scenarios indicate what combinations of variables, under given environmental conditions, of CCS will be of great importance in the energy transformation, and when it may give way to other technologies. In addition, the scenarios, and especially their visualisation, are extremely valuable for stakeholders, because they will allow them to observe the potential development of the situation under known conditions of the political environment, prices, and CO2 emissions. They enable understanding the dependence of the importance of CCS in the changing environment. They also enable the detection of critical points for the development of CCS, which, as a result of recent geopolitical events, may be of key importance in the near future for ensuring the energy and military security of Poland and the EU. Full article
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35 pages, 7084 KiB  
Article
Sustainable Business as a Force for Good in the Context of Climate Change: An Econometric Modelling Approach
by Stanislav Edward Shmelev and Elisa Gilardi
Sustainability 2025, 17(4), 1530; https://doi.org/10.3390/su17041530 - 12 Feb 2025
Cited by 3 | Viewed by 1423
Abstract
Global CO2 concentrations continue to rise despite significant efforts to decarbonize and reduce greenhouse gas emissions. This paper examines the role of sustainable business in reducing and limiting global CO2 concentrations based on daily CO2 data from the Mauna Loa [...] Read more.
Global CO2 concentrations continue to rise despite significant efforts to decarbonize and reduce greenhouse gas emissions. This paper examines the role of sustainable business in reducing and limiting global CO2 concentrations based on daily CO2 data from the Mauna Loa Observatory. Based on the theory of the carbon cycle, factors considered significant in determining global CO2 concentrations include emissions, affected by economic variables like the crude oil price and Dow Jones Sustainability Index but also absorption capacity, affected through biomass growth by astronomical variables such as total solar irradiance and cosmic rays. Considering pair-wise correlations between variables, particular attention is drawn to the fact that in the COVID-19 pandemic, when everyone was working from home, cars were not allowed on the roads, and planes were not flying, the correlation between the Dow Jones Sustainability Index and the global CO2 concentration was negative. The article tests the hypothesis that business can be a force for good and make a meaningful contribution towards reducing global CO2 concentrations. To this end, it offers an integrated model of global CO2 concentrations built according to the theory of the carbon cycle based on 2195 daily observations, including all the variables outlined above. The results confirm the hypothesis that business, expressed in the form of Dow Jones Sustainability Index, can play a role in reducing the global CO2 concentrations. A range of policy conclusions is drawn. Full article
(This article belongs to the Section Economic and Business Aspects of Sustainability)
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20 pages, 6599 KiB  
Article
Carbon Capture and Storage (CCS) Implementation as a Method of Reducing Emissions from Coal Thermal Power Plants in Poland
by Michał Kopacz, Dominika Matuszewska and Piotr Olczak
Energies 2024, 17(24), 6342; https://doi.org/10.3390/en17246342 - 17 Dec 2024
Cited by 2 | Viewed by 1175
Abstract
The Polish economy, and especially the energy sector, is facing an energy transformation. For decades, most electricity in Poland has been generated from hard coal, but in recent years, renewable energy sources have been gaining an increasing share of the market. The aim [...] Read more.
The Polish economy, and especially the energy sector, is facing an energy transformation. For decades, most electricity in Poland has been generated from hard coal, but in recent years, renewable energy sources have been gaining an increasing share of the market. The aim of the energy transformation is to reduce the carbon footprint in electricity production, which translates into the decarbonization of the economy, including manufactured products. Currently (2024), increasing the share of renewable energy sources raises major challenges in terms of energy storage or other activities and forces cooperation with flexible sources of electricity generation. One of the challenges is to determine what a decarbonized energy mix in Poland could look like in 2050, in which there would be sources (with a smaller share of coal sources in the mix than currently) of electricity generation based on hard coal with CCS technology. In order to do this in an economically efficient manner, there are aspects related to the location of power plants that would remain in operation or repower current generating units. The added value of the study is the simulation approach to the analysis of the problem of assessing the effectiveness of CCS technology implementation together with the transport and storage infrastructure, as well as the multi-aspect scenario analysis, which can determine the limits of CCS technology effectiveness for a given power unit. Positive simulation results (NPV amounted to 147 million Euro) and the knowledge obtained in the scope of the correlated and simultaneous impact of many important cost factors and prices of CO2 emission allowances make this analysis and its results close to reality. Examples of analyses of the effectiveness of CCS system implementations known from the literature are most often limited to determining linear relationships of single explanatory variables with a specific forecasted variable, even if these are multifactor mathematical models. Full article
(This article belongs to the Special Issue Sustainable and Low Carbon Development in the Energy Sector)
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14 pages, 3107 KiB  
Article
A Study on CO₂ Emission Reduction Strategies of Coal-Fired Power Plants Based on CCUS-ECBM Source-Sink Matching
by Huawei Yang, Pan Zhang, Chenxing Zhang, Peiwen Zhang and Xiaoyan Jia
Energies 2024, 17(23), 5983; https://doi.org/10.3390/en17235983 - 28 Nov 2024
Cited by 1 | Viewed by 967
Abstract
In order to reduce CO₂ emissions from industrial processes, countries have commenced the vigorous development of CCUS (carbon capture, utilization and storage) technology. The high geographical overlap between China’s extensive coal mining regions and CO2-emitting industrial parks provides an opportunity for [...] Read more.
In order to reduce CO₂ emissions from industrial processes, countries have commenced the vigorous development of CCUS (carbon capture, utilization and storage) technology. The high geographical overlap between China’s extensive coal mining regions and CO2-emitting industrial parks provides an opportunity for the more efficient reduction in CO2 emissions through the development of Enhanced Coal Bed Methane (ECBM) Recovery for use with CCUS technology. Furthermore, the high geographical overlap and proximity of these regions allows for a shift in the transportation mode from pipelines to tanker trucks, which are more cost-effective and logistically advantageous. The issue of transportation must also be considered in order to more accurately assess the constructed cost function and CCUS source–sink matching model for the implementation of ECBM. The constructed model, when considered in conjunction with the actual situation in Shanxi Province, enables the matching of emission sources and sequestration sinks in the province to be realized through the use of ArcGIS 10.8 software, and the actual transport routes are derived as a result. After analyzing the matching results, it is found that the transportation cost accounts for a relatively small proportion of the total cost. In fact, the CH4 price has a larger impact on the total cost, and a high replacement ratio is not conducive to profitability. When the proportion of CO2 replacing CH4 increases from 1 to 3, the price of CH4 needs to increase from $214.41/t to $643.23/t for sales to be profitable. In addition, electric vehicle transportation costs are lower compared to those of fuel and LNG vehicles, especially for high-mileage and frequent-use scenarios. In order to reduce the total cost, it is recommended to set aside the limitation of transportation distance when matching sources and sinks. Full article
(This article belongs to the Section B3: Carbon Emission and Utilization)
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27 pages, 2530 KiB  
Article
Production of Hydrogen from Biomass with Negative CO2 Emissions Using a Commercial-Scale Fluidized Bed Gasifier
by Tomasz Chmielniak, Tomasz Iluk, Leszek Stepien, Tomasz Billig and Marek Sciazko
Energies 2024, 17(22), 5591; https://doi.org/10.3390/en17225591 - 8 Nov 2024
Cited by 3 | Viewed by 2020
Abstract
Biomass gasification, as a thermochemical method, has attracted interest due to the growing popularity of biofuel production using syngas or pure hydrogen. Additionally, this hydrogen production method, when integrated with CO2 capture, may have negative CO2 emissions, which makes this process [...] Read more.
Biomass gasification, as a thermochemical method, has attracted interest due to the growing popularity of biofuel production using syngas or pure hydrogen. Additionally, this hydrogen production method, when integrated with CO2 capture, may have negative CO2 emissions, which makes this process competitive with electrolysis and coal gasification. This article presents the results of process and economic analyses of a hydrogen production system integrated with a commercial, fluidized-bed solid fuel gasification reactor (SES technology—Synthesis Energy Systems). With the use of a single gasification unit with a capacity of 60 t/h of raw biomass, the system produces between 72.5 and 78.4 t/d of hydrogen depending on the configuration considered. Additionally, assuming the CO2 emission neutrality of biomass processing, the application of CO2 capture leads to negative CO2 emissions. This allows for obtaining additional revenue from the sale of CO2 emission allowances, which can significantly reduce the costs of hydrogen production. In this analysis, the breakthrough price for CO2 emissions, above which the hydrogen production costs are negative, is USD 240/t CO2. Full article
(This article belongs to the Section A5: Hydrogen Energy)
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23 pages, 2373 KiB  
Review
The Interplay Between China’s Regulated and Voluntary Carbon Markets and Its Influence on Renewable Energy Development—A Literature Review
by Florentina Paraschiv, Hannah Schmid, Marten Schmitz, Vivian Dünwald and Emma Groos
Energies 2024, 17(22), 5587; https://doi.org/10.3390/en17225587 - 8 Nov 2024
Cited by 2 | Viewed by 1666
Abstract
This is the first review study that focuses on the interplay between China’s regulated and voluntary carbon markets, the Emissions Trading System (ETS), the China Certified Emission Reduction (CCER) scheme, and their combined influence on the development of renewable energy in the country. [...] Read more.
This is the first review study that focuses on the interplay between China’s regulated and voluntary carbon markets, the Emissions Trading System (ETS), the China Certified Emission Reduction (CCER) scheme, and their combined influence on the development of renewable energy in the country. Through a comparative literature review of 52 peer-reviewed academic papers published between 2009 and 2024, this study aims to elucidate how these market mechanisms interact to drive renewable energy deployment. The findings indicate that both the ETS and the CCER system positively affect China’s renewable energy landscape. The ETS, with its Cap-and-Trade (CaT) mechanism, sets a cap on total emissions and allows for the trading of emission quotas, thereby creating financial incentives for companies to reduce emissions and invest in renewable energy. The CCER scheme complements the ETS by allowing companies to use the CCER scheme for a capped share of their ETS certificates, whereby the lower CCER price diverts investments to where the saved ton of CO2 in China is cheapest, further incentivizing investments in renewable energy. This dual mechanism allows for a more flexible and cost-effective approach to achieving emission reduction targets, thereby fostering an environment conducive to investment in renewable energy. It will stimulate additional investment in renewable energy projects in the long run, particularly in economically underdeveloped regions, contributing to both local economic development and national emission reduction targets. Full article
(This article belongs to the Collection Energy Transition Towards Carbon Neutrality)
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12 pages, 959 KiB  
Article
Optimal Design of High Specific Power Electric Machines for Fully Electric Regional Aircraft: A Case Study of 1MW S-PMSM
by Taha El Hajji, Ahmed Hemeida, Antti Lehikoinen, Floran Martin and Anouar Belahcen
Aerospace 2024, 11(10), 820; https://doi.org/10.3390/aerospace11100820 - 8 Oct 2024
Viewed by 2185
Abstract
The aviation industry is undergoing electrification due to the increased global focus on reducing emissions in air traffic. Regarding the volatility of raw material prices, one main objective is the increase in the specific power of the motor. This matches the ambitious targets [...] Read more.
The aviation industry is undergoing electrification due to the increased global focus on reducing emissions in air traffic. Regarding the volatility of raw material prices, one main objective is the increase in the specific power of the motor. This matches the ambitious targets of the CoE project (Center of Excellence) in Finland on high-speed electric motors. The targeted specific power is 20 kW/kg. In this work, motors are designed and optimized for a fully electric regional aircraft. motors with different slot/pole configurations and rotational speed values are studied to determine the advantage of increasing speed in terms of weight reduction. As increasing speed requires the use of a gearbox, the overall weight of the motor and the gearbox is evaluated in post-processing, which allows for determining the impact of high speed on the overall weight. An optimization tool coupled with an electromagnetic and mechanical analysis is used to optimize 1 MW surface mounted permanent magnet synchronous motors (S-PMSMs) for given specifications of regional electric aircraft. Optimization results indicate that there is considerable gain in terms of overall weight only when increasing the speed to the range of 10,000–15,000 rpm. Full article
(This article belongs to the Special Issue Electric Machines for Electrified Aircraft Propulsion)
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21 pages, 4590 KiB  
Article
The Effectiveness of the EU ETS Policy in Changing the Energy Mix in Selected European Countries
by Małgorzata Błażejowska, Anna Czarny, Iwona Kowalska, Andrzej Michalczewski and Paweł Stępień
Energies 2024, 17(17), 4243; https://doi.org/10.3390/en17174243 - 25 Aug 2024
Cited by 7 | Viewed by 2369
Abstract
In the field of economic analysis, the study of the EU ETS policy has primarily focused on the impact of renewable energy consumption on economic growth, as well as the role of legal and fiscal instruments in the development of clean energy. This [...] Read more.
In the field of economic analysis, the study of the EU ETS policy has primarily focused on the impact of renewable energy consumption on economic growth, as well as the role of legal and fiscal instruments in the development of clean energy. This study aimed to evaluate the effectiveness of the EU ETS policy in altering the energy mix of selected European countries, providing both cognitive and applicational value. The evaluation of the effectiveness of this policy focused on the structure of the energy mix and the relationship between rising CO2 emission allowance prices and the decreasing share of coal in the energy mix. The goal was achieved through statistical analysis of secondary sources, primarily sourced from Bloomberg (2016–2024). The research findings indicated that changes in the structure of energy sources varied across the studied European countries, due to the adopted energy source utilization strategy, resource availability, and geopolitical situations. Additionally, different correlation values were noted between rising CO2 emission allowance prices and the expected reduction in fossil fuel use. Therefore, the EU ETS policy does not fulfill its assigned role—its implementation contributes to disparities in the economic situations of European economies and creates conditions for unequal competition. Full article
(This article belongs to the Special Issue Challenges and Opportunities for Energy Economics and Policy)
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26 pages, 1140 KiB  
Article
Identifying Economic Factors of Renewable Energy Consumption—A Global Perspective
by Magdalena Osińska, Atif Maqbool Khan and Jacek Kwiatkowski
Energies 2024, 17(15), 3715; https://doi.org/10.3390/en17153715 - 27 Jul 2024
Cited by 1 | Viewed by 2821
Abstract
This study aims to identify the factors most likely to affect renewable energy consumption (REC) across mostly homogenous country groups worldwide. Classifying countries into a relatively homogenous group is taken from their economic and social development level measured with the Human Development Index. [...] Read more.
This study aims to identify the factors most likely to affect renewable energy consumption (REC) across mostly homogenous country groups worldwide. Classifying countries into a relatively homogenous group is taken from their economic and social development level measured with the Human Development Index. We delimited highly, medium-, and low-developed countries and checked whether the sets of determinants for using renewable energy sources are the same. We constructed a panel dataset as a basis for the panel Bayesian model averaging (panel BMA) as a factor selection method. The most likely factors were found and compared between the groups of countries. Then, the panel fixed-effects models for each country group were estimated. The results allowed us to confirm that CO2 per capita emissions, terms of trade, GDP, foreign direct investment, crude oil price, and energy consumption from alternative sources are the most critical drivers of REC in group I. The most important factors in group II are CO2 per capita, labor force, forest area, and gas and coal consumption. In the third group, REC consumption differs from that of the more advanced groups and strongly depends on foreign direct investment inflow. The results allow the formulation of policy recommendations on a global scale. Full article
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33 pages, 4915 KiB  
Article
Replacing Gray Hydrogen with Renewable Hydrogen at the Consumption Location Using the Example of the Existing Fertilizer Plant
by Andrea Dumančić, Nela Vlahinić and Minea Skok
Sustainability 2024, 16(15), 6437; https://doi.org/10.3390/su16156437 - 27 Jul 2024
Cited by 2 | Viewed by 1691
Abstract
The production and use of hydrogen are encouraged by the European Union through Delegated Acts, especially in sectors that are difficult to decarbonize, such as the industrial and transport sectors. This study analyzes the possibility of partial decarbonization of the existing plant in [...] Read more.
The production and use of hydrogen are encouraged by the European Union through Delegated Acts, especially in sectors that are difficult to decarbonize, such as the industrial and transport sectors. This study analyzes the possibility of partial decarbonization of the existing plant in the petrochemical industry, with a partial transition from natural gas to renewable hydrogen, as a precursor to the adoption of the hydrogen economy by 2050. This study was based on the example of a plant from the petrochemical industry, namely an existing fertilizer plant. Namely, in the petrochemical industry, hydrogen is produced by steam-reforming natural gas, which is needed in the process of producing ammonia, one of the basic raw materials for mineral fertilizers. By building an electrolyzer at the location of the existing fertilizer plant, it is possible to obtain renewable hydrogen, which enters the ammonia production process as a raw material. The electricity from which hydrogen is produced in the electrolyzer is provided through Power Purchase Agreement contracts concluded with electricity producers from 12 wind power plants. The results of this study show that the production of renewable hydrogen at the location of the analyzed plant is not profitable, but due to the specificity of the process of such an industry, the high consumption of natural gas, and large savings in CO2 emissions which can be achieved by the production of renewable hydrogen, investment is needed. With a 370 MW electrolyzer, about 31,000 tons of renewable hydrogen is produced, which represents about 50% of the hydrogen needs of the analyzed plant. By producing renewable hydrogen for part of the needs of the analyzed plant, a saving of about 300,000 tons of CO2 emissions is achieved in relation to the production of gray hydrogen, which contributes to the partial decarbonization of the analyzed plant. The authors are aware that the current market opportunities do not allow the profitability of the investment without subsidies, but with the advancement of technology and a different price ratio of electricity, natural gas, and CO2 emissions, they believe that such investments will be profitable even without subsidies. Full article
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15 pages, 943 KiB  
Article
Has the EU Emissions Trading System Worked Properly?
by Chia-Lin Chang, Jukka Ilomäki and Hannu Laurila
Energies 2024, 17(15), 3651; https://doi.org/10.3390/en17153651 - 24 Jul 2024
Cited by 4 | Viewed by 1338
Abstract
Climate change poses an unprecedented global challenge, which prompts nations to adopt new strategies to mitigate greenhouse gas emissions. The European Union emissions trading system (EU ETS) is a cornerstone of the EU’s efforts towards a cost-effective fight against climate change. This study [...] Read more.
Climate change poses an unprecedented global challenge, which prompts nations to adopt new strategies to mitigate greenhouse gas emissions. The European Union emissions trading system (EU ETS) is a cornerstone of the EU’s efforts towards a cost-effective fight against climate change. This study examines the effectiveness of the EU ETS by analyzing monthly data from December 2008 to December 2021, with the focus on CO2 emission allowance futures prices, renewable energy indices, coal prices, oil prices, and fossil energy indices. The key findings are as follows: The CO2 emission allowance futures prices have averaged EUR 14.83 per ton, ranging from EUR 2.87 to EUR 76.81, which shows a significant upward trend. The renewable energy index also demonstrated strong growth, with a mean 1562.07 and maximum 4571.96. Coal prices have averaged EUR 65.32 per ton, while Brent oil prices averaged EUR 59.85 per barrel. A cointegration analysis revealed a long-run equilibrium relationship between these variables. The Vector Error Correction model (VECM) revealed significant negative responses to long-run equilibrium deviations of the renewable energy index (−0.0155) and oil prices (−0.0236), a significant negative short-run response of CO2 prices to their own lagged values (−0.223), and a significant positive short-run effect of oil prices on the fossil energy index (0.254). These results suggest the EU ETS has created significant linkages between carbon, energy, and financial markets. The study concludes that while the EU ETS has made progress in motivating emissions reductions and promoting renewable energy, the system’s efficacy still needs improvement. Full article
(This article belongs to the Section B: Energy and Environment)
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21 pages, 2577 KiB  
Review
Biodiesel Sustainability: Review of Progress and Challenges of Biodiesel as Sustainable Biofuel
by Ade Suhara, Karyadi, Safarudin Gazali Herawan, Andy Tirta, Muhammad Idris, Muhammad Faizullizam Roslan, Nicky Rahmana Putra, April Lia Hananto and Ibham Veza
Clean Technol. 2024, 6(3), 886-906; https://doi.org/10.3390/cleantechnol6030045 - 9 Jul 2024
Cited by 44 | Viewed by 14423
Abstract
Biodiesel, an environmentally degradable and renewable biofuel derived from organic matter, has exhibited its capacity as a viable and sustainable substitute for traditional diesel fuel. Numerous comprehensive investigations have been conducted to assess the effects of biodiesel on internal combustion engines (ICEs), with [...] Read more.
Biodiesel, an environmentally degradable and renewable biofuel derived from organic matter, has exhibited its capacity as a viable and sustainable substitute for traditional diesel fuel. Numerous comprehensive investigations have been conducted to assess the effects of biodiesel on internal combustion engines (ICEs), with particular emphasis on diesel engine performance metrics, combustion dynamics, and emission profiles. Biodiesel demonstrates a significant decrease in emissions of particulate matter (PM), hydrocarbon (HC), and carbon monoxide (CO) in diesel engines. The addition of biodiesel has shown a minor decrease in power output and a slight increase in fuel consumption and nitrogen oxide (NOx) emissions. Nevertheless, the extensive implementation of biodiesel, despite its potential to effectively reduce detrimental emissions, has encountered obstacles stemming from external influences including restricted availability of feedstock, volatile petroleum oil prices, and inadequate governmental backing. This review presents a concise summary of significant advancements in the global adoption of biodiesel from a sustainability perspective. This review provides valuable insights into the challenges and opportunities associated with the advancement of sustainable biofuel technologies by synthesizing the current state of palm biodiesel and examining global trends in biodiesel implementation. The wider adoption of biodiesel can be facilitated by addressing concerns pertaining to feedstock availability, price stability, and policy support. This would allow for the realization of significant environmental advantages and contribute to a more environmentally friendly and sustainable biofuel. Full article
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23 pages, 5616 KiB  
Review
Advancing Electric Vehicle Infrastructure: A Review and Exploration of Battery-Assisted DC Fast Charging Stations
by Ahmet Aksoz, Burçak Asal, Emre Biçer, Saadin Oyucu, Merve Gençtürk and Saeed Golestan
Energies 2024, 17(13), 3117; https://doi.org/10.3390/en17133117 - 25 Jun 2024
Cited by 2 | Viewed by 2714
Abstract
Concerns over fossil fuel depletion, fluctuating fuel prices, and CO2 emissions have accelerated the development of electric vehicle (EV) technologies. This article reviews advancements in EV fast charging technology and explores the development of battery-assisted DC fast charging stations to address the [...] Read more.
Concerns over fossil fuel depletion, fluctuating fuel prices, and CO2 emissions have accelerated the development of electric vehicle (EV) technologies. This article reviews advancements in EV fast charging technology and explores the development of battery-assisted DC fast charging stations to address the limitations of traditional chargers. Our proposed approach integrates battery storage, allowing chargers to operate independently of the electric grid by storing electrical energy during off-peak hours and releasing it during peak times. This reduces dependence on grid power and enhances grid stability. Moreover, the transformer-less, modular design of the proposed solution offers greater flexibility, scalability, and reduced installation costs. Additionally, the use of smart energy management systems, incorporating artificial intelligence and machine learning techniques to dynamically adjust charging rates, will be discussed to optimize efficiency and cost-effectiveness. Full article
(This article belongs to the Topic Advanced Electric Vehicle Technology, 2nd Volume)
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