Search Results (1,152)

Under China’s ‘Dual Carbon’ strategy, the power sector plays a central role in achieving carbon neutrality. This study develops a bi-level game-optimization model involving the government, power producers, and technology suppliers to explore the dynamic coordination between shadow carbon pricing and emission trajectories. The upper-level model, guided by the government, focuses on minimizing total costs, including emission reduction costs, technological investments, and operational costs, by dynamically adjusting emission targets and shadow carbon prices. The lower-level model employs evolutionary game theory to simulate the adaptive behaviors and strategic interactions among power producers, regulatory authorities, and technology suppliers. Three representative uncertainty scenarios, disruptive technological breakthroughs, major policy interventions, and international geopolitical shifts, are incorporated to evaluate system robustness. Simulation results indicate that an optimistic scenario is characterized by rapid technological advancement and strong policy incentives. Conversely, under a pessimistic scenario with sluggish technology development and weak regulatory frameworks, there are substantially higher transition costs. This research uniquely contributes by explicitly modeling dynamic feedback between policy and stakeholder behavior under multiple uncertainties, highlighting the critical roles of innovation-driven strategies and proactive policy interventions in shaping effective, resilient, and cost-efficient carbon pricing and low-carbon transition pathways in the power sector. Full article

The connection between sugar and ethanol prices is in line with concerns about the connection between oil and food prices. This paper studies the nexus between Colombia’s ethanol and sugar prices and the role that weather shocks play. Data on production and prices from the sugar mills and climate data on precipitation and temperature are used to estimate two ways to capture the relationship between prices and the role of weather shocks. First, a reduced-form estimation is made, where the study finds evidence of the pass-through of the international price to domestic prices and how high precipitation and temperature shocks increase prices. Then, the study addresses potential simultaneity problems between prices and estimates a VEC model with exogenous variables such as weather shocks. Results show that all domestic prices are affected by the international price, and the international price is affected by the white sugar domestic prices. Additionally, sugar prices react to shocks in ethanol prices, but ethanol prices do not react to shocks in sugar prices. Finally, weather shocks affect sugar prices, with daytime temperature shocks being the most damaging. Full article

For a long time, the explanation of the various determinants of oil price fluctuations and their impact on economic activity has been based on the supply and demand mechanism. However, with various volatile changes in the international situation in recent years, such as threats to public health and an increase in regional conflicts, special attention has been paid to the geopolitical context as an additional driver of oil price fluctuations. This study examines the relationship between oil price changes and GDP growth and other macroeconomic variables from the perspective of the vulnerability of oil-importing and oil-exporting countries to unexpected oil price shocks, driven by tense geopolitical events, in three European countries (Norway, Germany, and Poland). We apply the Structural Vector Autoregressive (SVAR) model and orthogonalized impulse response functions, based on quarterly data, in regard to two samples: the first spans 1995Q1–2019Q4 (pre-2020 sample), with relatively gradual changes in oil prices, and the second spans 1995Q1–2024Q2 (whole sample), with sudden fluctuations in oil prices due to geopolitical developments. A key finding of this research is that vulnerability to unpredictable oil price shocks related to geopolitical tensions is higher than in regard to expected gradual changes in oil prices, both in oil-importing and oil-exporting countries. Different causality patterns and stronger responses in regard to GDP growth during the period, including in regard to tense geopolitical events in comparison to the pre-2020 sample, lead to the belief that economies are not more resilient to oil price shocks as has been suggested by some studies, which referred to periods that were not driven by geopolitical events. Our research also suggests that countries implementing policies to reduce oil dependency and promote investment in alternative energy sources are better equipped to mitigate the adverse effects of oil price shocks. Full article

Research concerning green marketing has predominantly focused on consumer behavior. However, aspects such as the extent to which Small and Medium Enterprises (SMEs) embrace green marketing values, their ability to implement the green marketing mix, and the integration of green marketing into their business culture are critically important. This research aims to provide the 4P (product, price, place, and promotion)-focused green marketing literature with a measurement tool to assess how SMEs implement green marketing practices. The study employed a descriptive design and possesses an exploratory nature. Scale development involved two stages: First, analyses were conducted on a pre-test sample of 159 individuals, revealing the initial scale structure. Second, these analyses were repeated on a larger group of 387 participants. The scale was finalized by confirming the consistency of results across both analyses. Statistical Package for the Social Sciences (SPSS) version 24 and Analysis of Moment Structures (AMOS) version 24 were utilized for descriptive statistics and the scale development process. The final validated 12-item scale demonstrates a robust three-factor structure (“Environmental Promotion”, ”Green Packaging”, and ”Green Distribution”), explaining 62.6% of the total variance. The scale exhibits excellent psychometric properties, including high internal consistency (Cronbach’s α = 0.912), strong model fit from Confirmatory Factor Analysis (CFA), and both convergent and discriminant validity, as indicated by an Average Variance Extracted (AVE) value of 0.605. The scale is deemed applicable to larger populations. Full article

Background: The quality of decision-making processes is increasingly recognized as critical to public trust and policy sustainability. Objectives: This narrative review aims to identify and describe process-focused decision support models (DSMs) applied in pharmaceutical policy, and to examine their potential contributions to improving procedural quality in decisions related to pricing, reimbursement, and access to medicines. Methods: Relevant peer-reviewed and gray literature published between 2000 and 2025 was considered, drawing from key databases (e.g., PubMed and Scopus) and international policy reports (e.g., WHO, ISPOR, and HTA agencies). Studies were included if they provided insights into DSMs addressing at least one dimension of decision process quality. Results: Findings are synthesized narratively and organized by tool type, application context, and key quality dimensions. Frequently referenced tools included the Quality of Decision-Making Orientation Scheme (QoDoS), WHO-INTEGRATE, and AGREE II. QoDoS emerged as the only tool applied across regulatory, HTA, and industry settings, evaluating both individual- and organizational-level practices. WHO-INTEGRATE highlighted equity and legitimacy considerations but lacked a structured format. Overall, most tools demonstrated benefits in promoting internal consistency, transparency, and stakeholder engagement; however, their adoption remains limited, especially in low- and middle-income countries. Conclusions: Process-focused DSMs offer promising avenues for enhancing transparency, consistency, and legitimacy in pharmaceutical policy. Further exploration is needed to standardize evaluation approaches and expand the use of DSMs in diverse health systems. Full article

Enhancing market integration levels is crucial for advancing sustainable regional collaborative development and achieving ecological protection and high-quality development goals within the Yellow River Basin, fostering a balance between economic efficiency, social equity, and environmental resilience. This study analyzed the retail price data of goods from prefecture-level cities in the Yellow River Basin from 2010 to 2022, employing the relative price method to measure the market integration index. Additionally, it examined the temporal and spatial evolution patterns and driving factors using the Dagum Gini coefficient and panel regression models. The results indicate the following. (1) The market integration index of the Yellow River Basin shows a fluctuating upward trend, with an average annual growth rate of 9.8%. The spatial pattern generally reflects a situation where the east is relatively high and the west is relatively low, as well as the south being higher than the north. (2) Regional disparities are gradually diminishing, with the overall Gini coefficient decreasing from 0.153 to 0.104. However, internal differences within the downstream and midstream areas have become prominent, and contribution rate analysis reveals that super-variable density has replaced between-group disparities as the primary source. (3) Upgrading the industrial structure and enhancing the level of economic development are the core driving forces, while financial support and digital infrastructure significantly accelerate the integration process. Conversely, the level of openness exhibits a phase-specific negative impact. We propose policy emphasizing the need to strengthen development in the upper reach of the Yellow River Basin, further improve interregional collaborative innovation mechanisms, and enhance cross-regional coordination among multicenter network nodes. Full article

The maritime sector is undergoing rapid transformation, driven by increasingly stringent international regulations targeting air pollution. While newly built vessels integrate advanced technologies for compliance, the global fleet averages 21.8 years of age and must meet emission requirements through retrofitting or operational changes. This study evaluates, at environmental and economic levels, two key sulphur abatement strategies for a 1998-built cruise vessel nearing the end of its service life: (i) the installation of open-loop scrubbers with fuel enhancement devices, and (ii) a switch to marine diesel oil as main fuel. The analysis was based on real operational data from a cruise vessel. For the environmental assessment, a Tier III hybrid emissions model was used. The results show that scrubbers reduce SO_x emissions by approximately 97% but increase fuel consumption by 3.6%, raising both CO₂ and NO_x emissions, while particulate matter decreases by only 6.7%. In contrast, switching to MDO achieves over 99% SO_x reduction, an 89% drop in particulate matter, and a nearly 5% reduction in CO₂ emissions. At an economic level, it was found that, despite a CAPEX of nearly USD 1.9 million, scrubber installation provides an average annual net saving exceeding USD 8.2 million. From the deterministic and probabilistic analyses performed, including Monte Carlo simulations under various fuel price correlation scenarios, scrubber installation consistently shows high profitability, with NPVs surpassing USD 70 million and payback periods under four months. Full article

Cities serve as the primary arenas for achieving the strategic objectives of “carbon peak and carbon neutrality”. This study employed the LMDI method to systematically analyze the evolution trend of energy-related carbon emissions in Hong Kong and their influencing factors from 1980 to 2023. The main findings are as follows: (1) Hong Kong’s energy consumption structure remains dominated by coal and oil. Influenced by energy prices, significant shifts in this structure occurred across different periods. Imported electricity from mainland China, in particular, has exerted a promoting effect on the optimization of its energy consumption mix. (2) Economic output and population concentration are the primary drivers of increased carbon emissions. However, the contribution of economic growth to carbon emissions has gradually weakened in recent years due to a lack of new growth drivers. (3) Energy consumption intensity, energy consumption structure, and carbon intensity are the primary influencing factors in curbing carbon emissions. Among these, the carbon reduction impact of energy consumption intensity is the most significant. Hong Kong should continue to adopt a robust strategy for controlling total energy consumption to effectively mitigate carbon emissions. Additionally, it should remain vigilant regarding the potential implications of future energy price fluctuations. It is also essential to sustain cross-border energy cooperation, primarily based on electricity imports from the Pearl River Delta, while simultaneously expanding international and domestic supply channels for natural gas. Full article

This study employs k-means clustering to analyze local organizations responsible for land improvement in Greece, identifying four distinct groups with consistent geographic patterns but divergent financial and operational characteristics. By integrating unsupervised machine learning with spatial analysis, the research offers a novel perspective on irrigation water pricing and cost recovery. The findings reveal that organizations located on islands, despite high water costs due to limited rainfall and geographic isolation, tend to achieve relatively strong financial performance, indicating the presence of adaptive mechanisms that could inform broader policy strategies. In contrast, organizations managing extensive irrigable land or large volumes of water frequently show poor cost recovery, challenging assumptions about economies of scale and revealing inefficiencies in pricing or governance structures. The spatial coherence of the clusters underscores the importance of geography in shaping institutional outcomes, reaffirming that environmental and locational factors can offer greater explanatory power than algorithmic models alone. This highlights the need for water management policies that move beyond uniform national strategies and instead reflect regional climatic, infrastructural, and economic variability. The study suggests several policy directions, including targeted infrastructure investment, locally calibrated water pricing models, and performance benchmarking based on successful organizational practices. Although grounded in the Greek context, the methodology and insights are transferable to other European and Mediterranean regions facing similar water governance challenges. Recognizing the limitations of the current analysis—including gaps in data consistency and the exclusion of socio-environmental indicators—the study advocates for future research incorporating broader variables and international comparative approaches. Ultimately, it supports a hybrid policy framework that combines data-driven analysis with spatial intelligence to promote sustainability, equity, and financial viability in agricultural water management. Full article

Driven by carbon neutrality and peak carbon policies, hydrogen energy, due to its zero-emission and renewable properties, is increasingly being used in hydrogen fuel cell vehicles (H-FCVs). However, the high cost and limited durability of H-FCVs hinder large-scale deployment. Hydrogen internal combustion engine hybrid electric vehicles (H-HEVs) are emerging as a viable alternative. Research on the techno-economics of H-HEVs remains limited, particularly in systematic comparisons with H-FCVs. This paper provides a comprehensive comparison of H-FCVs and H-HEVs in terms of total cost of ownership (TCO) and hydrogen consumption while proposing a multi-objective powertrain parameter optimization model. First, a quantitative model evaluates TCO from vehicle purchase to disposal. Second, a global dynamic programming method optimizes hydrogen consumption by incorporating cumulative energy costs into the TCO model. Finally, a genetic algorithm co-optimizes key design parameters to minimize TCO. Results show that with a battery capacity of 20.5 Ah and an H-FC peak power of 55 kW, H-FCV can achieve optimal fuel economy and hydrogen consumption. However, even with advanced technology, their TCO remains higher than that of H-HEVs. H-FCVs can only become cost-competitive if the unit power price of the fuel cell system is less than 4.6 times that of the hydrogen engine system, assuming negligible fuel cell degradation. In the short term, H-HEVs should be prioritized. Their adoption can also support the long-term development of H-FCVs through a complementary relationship. Full article

Societies are aiming to have a higher ecological consciousness in wastewater treatment operations and achieve a more sustainable future. With this said, global demands for larger quantities of resources and the consequent waste generated will inevitably lead to the exhaustion of current municipal wastewater treatment works. The utilization of biosolids (particularly microbial proteins) from wastewater treatment operations could generate a sustainable bio-adhesive for the wood industry, reduce carbon footprint, mitigate health concerns related to the use of carcinogenic components, and support a more circular economic option for wastewater treatment. A techno-economic analysis for three 10 MGD wastewater treatment operations producing roughly 11,300 dry pounds of biosolids per day, in conjunction with co-feedstock defatted soy flour protein at varying ratios (i.e., 0%, 15%, and 50% wet weight), was conducted. Aspen Capital Cost Estimator V12 was used to design and estimate installed equipment additions for wastewater treatment plant integration into an urban biorefinery process. Due to the mechanical attributes and market competition, the chosen selling prices of each adhesive per pound were set for analysis as USD 0.75 for Plant Option P1, USD 0.85 for Plant Option P2, and USD 1.00 for Plant Option P3. Over a 20-year life, each plant option demonstrated economic viability with high NPVs of USD 107.9M, USD 178.7M, and USD 502.2M and internal rates of return (IRRs) of 24.0%, 29.0%, and 44.2% respectively. The options examined have low production costs of USD 0.14 and USD 0.19 per pound, minimum selling prices of USD 0.42–USD 0.51 per pound, resulting in between 2- and 4-year payback periods. Sensitivity analysis shows the effects biosolid production fluctuations, raw material market price, and adhesive selling price have on economics. The results proved profitable even with large variations in the feedstock and raw material prices, requiring low market selling prices to reach the hurdle rate of examination. This technology is economically enticing, and the positive environmental impact of waste utilization encourages further development and analysis of the bio-adhesive process. Full article

The enforcement of the European Union Deforestation Regulation (EUDR) may reduce the supply of natural rubber to the European Union (EU), potentially leading to price increases due to the inelastic nature of rubber demand. This study assesses the potential financial implications for smallholder producers in Ghana, considering both the opportunities and risks associated with the evolving regulatory environment under EUDR and local market access conditions. A cost–benefit analysis (CBA) was conducted to evaluate the impact of different EUDR-related export decline scenarios on the net present value (NPV) of a standard 4-hectare plantation. The results suggest that even a minor 2.5% decline in global exports to the EU could increase the NPV by 17% for an independent compliant producer. However, a simulated COVID-19-like crisis in the fifth year of production leads to a 20% decline in NPV, reflecting vulnerability to external shocks. Based on these findings, the study identifies two priorities. This first is improving the coordination and harmonization of compliance efforts across the value chain to enable more producers to benefit from potential EUDR-related price increases. The recent creation of the Association of Natural Rubber Actors of Ghana (ANRAG) presents an opportunity to support such collective mechanisms. Second, minimizing losses during demand shocks requires the Tree Crops Development Authority (TCDA) to establish clear rules and transparent reporting for authorizing unprocessed rubber exports when factories reduce purchases due to low international prices—thus preserving market access for vulnerable producers. Together, these approaches would ensure that the potential benefits of the EUDR are realized inclusively, remain stable despite market downturns, and do not undermine value addition in domestic processing factories. Full article

Background: The growth of parcel volumes in urban areas, largely driven by e-commerce, has increased the complexity of pickup and delivery operations. To meet demands for cost efficiency, flexibility, and sustainability, CEP (Courier, Express, and Parcel) operators increasingly outsource segments of their last-mile networks. Methods: This study proposes a novel multidimensional cost model for outsourcing, integrating five key variables: transport unit type (parcel/pallet), service phase (pickup/delivery), vehicle category, powertrain type, and delivery point type. The model applies correction coefficients based on internal operational costs, further adjusted for location and service quality using a bonus/malus mechanism. Results: Each cost component is calculated independently, enabling full transparency and route-level cost tracking. A real-world case study was conducted using operational data from a CEP operator in Bosnia and Herzegovina. The model demonstrated improved accuracy and fairness in cost allocation, with measurable savings of up to 7% compared to existing fixed-price models. Conclusions: The proposed model supports data-driven outsourcing decisions, allows tailored cost structuring based on operational realities, and aligns with sustainable last-mile delivery strategies. It offers a scalable and adaptable tool for CEP operators seeking to enhance cost control and service efficiency in complex urban environments. Full article

This study aims to explore the factors and mechanisms influencing the low-carbon development of Green Port Collection and Distribution Systems (GPCDSs) and to identify effective pathways and policy approaches to promote such development. Given the limited prior research integrating low-carbon policies, energy structure, and transportation systems, this study combines these three dimensions into a unified analytical framework. A scenario-based system dynamics model of GPCDS low-carbon development is established, incorporating factors such as low-carbon policies, energy structure, and transportation structure. The control variable method is employed to examine system behavior under 13 scenarios. The results indicate that freight subsidy policies and the internalization of carbon emission costs make the most substantial contributions to low-carbon development in GPCDS, yielding CO₂ emission reductions of 14.3% and 15.7%, respectively. Additionally, improvements in port railway infrastructure contribute to a 6.4% reduction in CO₂ emissions. In contrast, carbon taxes and energy structure adjustments have relatively limited effects, likely due to the delayed responsiveness of fossil fuel-dependent transportation sectors to pricing signals and the inherent inertia in transitioning energy systems. Full article

Electric vehicles (EVs) have been the most dependable and feasible choice for decarbonizing road transport over the last decade. To ensure the advancement of EVs and establish them as a sustainable alternative to internal combustion engine (ICE) vehicles, the EV sector and technological growth have largely relied on government subsidies. A significant challenge for EVs is their faster depreciation compared to ICE vehicles, primarily owing to swift technological advancements that propel the market while simultaneously rendering older EV models outdated too soon. Another factor that leads to the quicker depreciation of EVs is subsidies. The anticipated cessation of subsidies is expected to provide the required leverage to mitigate the rapid value decline in EVs, given the larger price disparity between new and used EVs. Batteries, which enable EVs to be a viable option, significantly contribute to the depreciation of EVs. In addition to the potential decline in EV battery performance, advancements in technology and reduced prices provide newer models with improved range at a more affordable cost. The used EV market accurately represents the rapid devaluation of EVs; consequently, the two topics are tightly related. Though it might not be immediately apparent, it seems evident that the pace of depreciation of EVs significantly contributes to the small size of the second-hand EV market. Depreciation is a key factor influencing the used EV market. This manuscript outlines the key aspects of depreciation and sustainability in the EV transition, especially those linked to rapid technological advancements, such as batteries, in addition to subsidies and the used EV market. The objective of this manuscript is to expose and analyze the relation between the drivers of the second-hand EV market, such as the cost of ownership, technology, and subsidies, and, on the other hand, present the interplay perspectives and challenges. Full article