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Search Results (749)

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22 pages, 1215 KiB  
Article
Gas Atmosphere Innovation Applied to Prolong the Shelf Life of ‘Regina’ Sweet Cherries
by Rodrigo Neira-Ojeda, Sebastián Rodriguez, Cristian Hernández-Adasme, Violeta Muñoz, Dakary Delgadillo, Bo Sun, Xiao Yang and Victor Hugo Escalona
Plants 2025, 14(15), 2440; https://doi.org/10.3390/plants14152440 - 6 Aug 2025
Abstract
In this study, the impact of moderate and high CO2 and O2 levels was compared to low and moderate gas combinations during prolonged storage on the quality of Regina sweet cherries harvested in different maturity stages, particularly in terms of decreasing [...] Read more.
In this study, the impact of moderate and high CO2 and O2 levels was compared to low and moderate gas combinations during prolonged storage on the quality of Regina sweet cherries harvested in different maturity stages, particularly in terms of decreasing internal browning. Fruits were harvested in two different maturity stages (Light and Dark Mahogany skin color) and stored in CA of 15% CO2 + 10% O2; 10% CO2 + 10% O2; 10% CO2 + 5% O2; 5% CO2 + 5% O2 and MA of 4 to 5% CO2 + 16 to 17% O2 for 30 and 40 days at 0 °C and 90% RH, followed by a marketing period. After the storage, both maturity stages significantly reduced internal browning, decay, and visual quality losses in CA with 10–15% CO2 and 10% O2. In addition, it preserved luminosity, total soluble solids (TSSs), titratable acidity (TA), and bioactive compounds such as anthocyanins and phenols. This treatment also maintained the visual appearance of the sweet cherries, favoring their market acceptance. At the same time, the light red fruits showed a better general quality compared to darker color after the storage. In conclusion, a controlled atmosphere with optimized CO2 and O2 concentrations, together with harvesting with a Light Mahogany external color, represents an effective strategy to extend the shelf life of Regina sweet cherries up to 40 days plus the marketing period, maintaining their physical and sensory quality for export markets. Full article
(This article belongs to the Special Issue Postharvest Quality and Physiology of Vegetables and Fruits)
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22 pages, 322 KiB  
Article
The Impact of Green Finance on Energy Transition Under Climate Change
by Zhengwei Ma and Xiangli Jiang
Sustainability 2025, 17(15), 7112; https://doi.org/10.3390/su17157112 - 6 Aug 2025
Abstract
In recent years, growing concerns over environmental degradation and deepening awareness of the necessity of sustainable development have propelled green and low-carbon energy transition into a focal issue for both academia and policymakers. By decomposing energy transition into the transformation of energy structure [...] Read more.
In recent years, growing concerns over environmental degradation and deepening awareness of the necessity of sustainable development have propelled green and low-carbon energy transition into a focal issue for both academia and policymakers. By decomposing energy transition into the transformation of energy structure and the upgrading of energy efficiency, this study investigates the impact and mechanisms of green finance on energy transition across 30 provinces (municipalities and autonomous regions) in China, with the exception of Tibet. In addition, the impact of climate change is incorporated into the analytical framework. Empirical results demonstrate that green finance development significantly accelerates energy transition, a conclusion robust to rigorous validation. Analysis of the mechanism shows that green finance promotes energy transition through the facilitation of technological innovation and the upgrade of industrial structures. Moreover, empirical evidence reveals that climate change undermines the promotional influence of sustainable finance on energy system transformation. The magnitude of this suppression varies nonlinearly across provincial jurisdictions with differing energy transition progress. Regional heterogeneity analyses further uncover marked discrepancies in climate–finance interactions, demonstrating amplified effects in coastal economic hubs, underdeveloped western provinces, and regions with mature eco-financial markets. According to these findings, actionable policy suggestions are put forward to strengthen green finance and accelerate energy transition. Full article
(This article belongs to the Special Issue Analysis of Energy Systems from the Perspective of Sustainability)
26 pages, 449 KiB  
Review
The Science of Aging: Understanding Phenolic and Flavor Compounds and Their Influence on Alcoholic Beverages Aged with Alternative Woods
by Tainá Francisca Cordeiro de Souza, Bruna Melo Miranda, Julio Cesar Colivet Briceno, Joaquín Gómez-Estaca and Flávio Alves da Silva
Foods 2025, 14(15), 2739; https://doi.org/10.3390/foods14152739 - 5 Aug 2025
Abstract
Aging in wooden barrels is a proven technique that enhances the sensory complexity of alcoholic beverages by promoting the extraction of volatile and phenolic compounds. While oak has been traditionally used, there is a growing interest in exploring alternative wood species that can [...] Read more.
Aging in wooden barrels is a proven technique that enhances the sensory complexity of alcoholic beverages by promoting the extraction of volatile and phenolic compounds. While oak has been traditionally used, there is a growing interest in exploring alternative wood species that can impart distinct sensory characteristics and promote innovative maturation processes. This review examines the impact of alternative woods on the aging of beverages, such as wine, cachaça, tequila, and beer, focusing on their influence on aroma, flavor, color, and chemical composition. A bibliometric analysis highlights the increasing scientific attention toward wood diversification and emerging aging technologies, including ultrasound and micro-oxygenation, which accelerate maturation while preserving sensory complexity. The role of toasting techniques in modulating the release of phenolic and volatile compounds is also discussed, emphasizing their contribution to unique sensory profiles. Additionally, regulatory aspects and sustainability considerations are explored, suggesting that alternative woods can expand flavor possibilities while supporting environmentally sustainable practices. This review underscores the potential of non-traditional wood species to drive innovation in the aging of alcoholic beverages and provide new sensory experiences that align with evolving consumer preferences and market trends. Full article
(This article belongs to the Section Drinks and Liquid Nutrition)
15 pages, 4075 KiB  
Article
Biological Characteristics and Domestication of a Wild Hericium coralloides
by Ji-Ling Song, Ya Xin, Zu-Fa Zhou, Xue-Ping Kang, Yang Zhang, Wei-Dong Yuan and Bin Yu
Horticulturae 2025, 11(8), 917; https://doi.org/10.3390/horticulturae11080917 (registering DOI) - 5 Aug 2025
Abstract
Hericium coralloides is a highly valued gourmet and medicinal species with growing market demand across East Asia, though industrial production remains limited by cultivation challenges. This study investigated the molecular characteristics, biological traits, domestication potential, and cultivation protocols of Hericium coralloides strains collected [...] Read more.
Hericium coralloides is a highly valued gourmet and medicinal species with growing market demand across East Asia, though industrial production remains limited by cultivation challenges. This study investigated the molecular characteristics, biological traits, domestication potential, and cultivation protocols of Hericium coralloides strains collected from the Changbaishan Nature Reserve (Jiling, China). Optimal conditions for mycelial growth included mannose as the preferred carbon source, peptone as the nitrogen source, 30 °C incubation temperature, pH 5.5, and magnesium sulfate as the essential inorganic salt. The fruiting bodies had a protein content of 2.43% g/100 g (fresh sample meter). Total amino acids comprised 53.3% of the total amino acid profile, while essential amino acids accounted for 114.11% relative to non-essential amino acids, indicating high nutritional value. Under optimized domestication conditions—70% hardwood chips, 20% cottonseed hulls, 8% bran, 1% malic acid, and 1% gypsum—bags reached full colonization in 28 days, with a 15-day maturation phase and initial fruiting occurring after 12–14 days. The interval between flushes was 10–12 days. The average yield reached 318.65 ± 31.74 g per bag, with a biological conversion rate of 63.73%. These findings demonstrate that Hericium coralloides possesses significant potential for edible and commercial applications. This study provides a robust theoretical foundation and resource reference for its artificial cultivation, supporting its broader industrial and economic utilization. Full article
(This article belongs to the Special Issue Advances in Propagation and Cultivation of Mushroom)
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16 pages, 3158 KiB  
Article
Comparative Metabolomics Analysis of Four Pineapple (Ananas comosus L. Merr) Varieties with Different Fruit Quality
by Ping Zheng, Jiahao Wu, Denglin Li, Shiyu Xie, Xinkai Cai, Qiang Xiao, Jing Wang, Qinglong Yao, Shengzhen Chen, Ruoyu Liu, Yuqin Liang, Yangmei Zhang, Biao Deng, Yuan Qin and Xiaomei Wang
Plants 2025, 14(15), 2400; https://doi.org/10.3390/plants14152400 - 3 Aug 2025
Viewed by 161
Abstract
Understanding the metabolic characteristics of pineapple varieties is crucial for market expansion and diversity. This study performed comparative metabolomic analysis on the “Comte de Paris” (BL) and three Taiwan-introduced varieties: “Tainong No. 11” (XS), “Tainong No. 23” (MG), and “Tainong No. 13” (DM). [...] Read more.
Understanding the metabolic characteristics of pineapple varieties is crucial for market expansion and diversity. This study performed comparative metabolomic analysis on the “Comte de Paris” (BL) and three Taiwan-introduced varieties: “Tainong No. 11” (XS), “Tainong No. 23” (MG), and “Tainong No. 13” (DM). A total of 551 metabolites were identified across the four varieties, with 231 metabolites exhibiting no significant differences between all varieties. This included major sugars such as sucrose, glucose, and fructose, as well as key acids like citric, malic, and quinic acids, indicating that the in-season maturing fruits of different pineapple varieties can all achieve good sugar–acid accumulation under suitable conditions. The differentially accumulated metabolites (DAMs) that were identified among the four varieties all primarily belonged to several major subclasses, including phenolic acids, flavonoids, amino acids and derivatives, and alkaloids, but the preferentially accumulated metabolites in each variety varied greatly. Specifically, branched-chain amino acids (L-leucine, L-isoleucine, and L-valine) and many DAMs in the flavonoid, phenolic acid, lignan, and coumarin categories were most abundant in MG, which might contribute to its distinct and enriched flavor and nutritional value. XS, meanwhile, exhibited a notable accumulation of aromatic amino acids (L-phenylalanine, L-tryptophan), various phenolic acids, and many lignans and coumarins, which may be related to its unique flavor profile. In DM, the dominant accumulation of jasmonic acid might contribute to its greater adaptability to low temperatures during autumn and winter, allowing off-season fruits to maintain good quality. The main cultivar BL exhibited the highest accumulation of L-ascorbic acid and many relatively abundant flavonoids, making it a good choice for antioxidant benefits. These findings offer valuable insights for promoting different varieties and advancing metabolome-based pineapple improvement programs. Full article
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20 pages, 3027 KiB  
Article
Evolutionary Game Analysis of Multi-Agent Synergistic Incentives Driving Green Energy Market Expansion
by Yanping Yang, Xuan Yu and Bojun Wang
Sustainability 2025, 17(15), 7002; https://doi.org/10.3390/su17157002 - 1 Aug 2025
Viewed by 232
Abstract
Achieving the construction sector’s dual carbon objectives necessitates scaling green energy adoption in new residential buildings. The current literature critically overlooks four unresolved problems: oversimplified penalty mechanisms, ignoring escalating regulatory costs; static subsidies misaligned with market maturity evolution; systematic exclusion of innovation feedback [...] Read more.
Achieving the construction sector’s dual carbon objectives necessitates scaling green energy adoption in new residential buildings. The current literature critically overlooks four unresolved problems: oversimplified penalty mechanisms, ignoring escalating regulatory costs; static subsidies misaligned with market maturity evolution; systematic exclusion of innovation feedback from energy suppliers; and underexplored behavioral evolution of building owners. This study establishes a government–suppliers–owners evolutionary game framework with dynamically calibrated policies, simulated using MATLAB multi-scenario analysis. Novel findings demonstrate: (1) A dual-threshold penalty effect where excessive fines diminish policy returns due to regulatory costs, requiring dynamic calibration distinct from fixed-penalty approaches; (2) Market-maturity-phased subsidies increasing owner adoption probability by 30% through staged progression; (3) Energy suppliers’ cost-reducing innovations as pivotal feedback drivers resolving coordination failures, overlooked in prior tripartite models; (4) Owners’ adoption motivation shifts from short-term economic incentives to environmentally driven decisions under policy guidance. The framework resolves these gaps through integrated dynamic mechanisms, providing policymakers with evidence-based regulatory thresholds, energy suppliers with cost-reduction targets, and academia with replicable modeling tools. Full article
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33 pages, 1497 KiB  
Article
Beyond Compliance: How Disruptive Innovation Unleashes ESG Value Under Digital Institutional Pressure
by Fang Zhang and Jianhua Zhu
Systems 2025, 13(8), 644; https://doi.org/10.3390/systems13080644 - 1 Aug 2025
Viewed by 417
Abstract
Amid intensifying global ESG regulations and the expanding influence of green finance, China’s digital economy policies have emerged as key institutional instruments for promoting corporate sustainability. Leveraging the implementation of the National Big Data Comprehensive Pilot Zone as a quasi-natural experiment, this study [...] Read more.
Amid intensifying global ESG regulations and the expanding influence of green finance, China’s digital economy policies have emerged as key institutional instruments for promoting corporate sustainability. Leveraging the implementation of the National Big Data Comprehensive Pilot Zone as a quasi-natural experiment, this study utilizes panel data of Chinese listed firms from 2009 to 2023 and applies multi-period Difference-in-Differences (DID) and Spatial DID models to rigorously identify the policy’s effects on corporate ESG performance. Empirical results indicate that the impact of digital economy policy is not exerted through a direct linear pathway but operates via three institutional mechanisms, enhanced information transparency, eased financing constraints, and expanded fiscal support, collectively constructing a logic of “institutional embedding–governance restructuring.” Moreover, disruptive technological innovation significantly amplifies the effects of the transparency and fiscal mechanisms, but exhibits no statistically significant moderating effect on the financing constraint pathway, suggesting a misalignment between innovation heterogeneity and financial responsiveness. Further heterogeneity analysis confirms that the policy effect is concentrated among firms characterized by robust governance structures, high levels of property rights marketization, and greater digital maturity. This study contributes to the literature by developing an integrated moderated mediation framework rooted in institutional theory, agency theory, and dynamic capabilities theory. The findings advance the theoretical understanding of ESG policy transmission by unpacking the micro-foundations of institutional response under digital policy regimes, while offering actionable insights into the strategic alignment of digital transformation and sustainability-oriented governance. Full article
(This article belongs to the Section Systems Practice in Social Science)
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17 pages, 1554 KiB  
Article
Optimizing Fertilization Rate to Achieve High Onion Bulb Yield and High Nitrogen Fertilizer Productivity in Dry-Hot Valley Region of Southwest China
by Jiancha Li, Kun Li, Yilin Li, Xuewen Yue, Hongye Zhu, Liangtao Shi and Haidong Fang
Agronomy 2025, 15(8), 1822; https://doi.org/10.3390/agronomy15081822 - 28 Jul 2025
Viewed by 175
Abstract
Excessive fertilization is a widespread issue in onion (Allium cepa L.) production in Southwest China. This practice not only leads to environmental pollution but also decreases the marketable yield and fertilizer productivity of onions. Identifying an optimal fertilization rate is crucial for [...] Read more.
Excessive fertilization is a widespread issue in onion (Allium cepa L.) production in Southwest China. This practice not only leads to environmental pollution but also decreases the marketable yield and fertilizer productivity of onions. Identifying an optimal fertilization rate is crucial for promoting high-yield and highly efficient onion cultivation. The objective of this research is to determine the appropriate amount of fertilizer by investigating the effects of different fertilization rates on the growth characteristics and bulb yield of onion. The study was conducted over two consecutive growing seasons utilizing a randomized complete block design, which included six treatments: local routine fertilizer application (F1), a 20% reduction from F1 (F2), a 40% reduction from F1 (F3), a 60% reduction from F1 (F4), an 80% reduction from F1 (F5), and no fertilizer application (F0). The results show that, at the mature stage, aboveground dry matter quantity and its accumulation rate of onion under treatment F2 were found to be the highest among all other treatments across both growing seasons. Following the onset of bulbing, dry matter accumulation initially increased but subsequently decreased with reduced fertilizer supply; notably, it was greater under treatment F2 compared to other treatments. Compared with F1, the PFPN (partial factor productivity of nitrogen fertilizer) under treatment F2 increased by 35.2% and 32.0%, and the marketable bulb yield under treatment F2 increased by 8.4% and 5.8% during the 2022–2023 and 2023–2024 growing seasons, respectively. The marketable bulb yield demonstrated extremely significant positive correlations with aboveground dry matter and the dry matter accumulation rate throughout all growth periods in both growing seasons. Furthermore, marketable bulb yield exhibited extremely significant positive correlations with dry matter translocation before the onset of bulbing and dry matter accumulation following bulbing initiation. It was concluded that the appropriate fertilizer application (F2), characterized by a fertilization rate of 339-216-318 kg ha−1 for N-P2O5-K2O, enhanced onion bulb yield and nitrogen fertilizer productivity by promoting post-bulbing dry matter accumulation. This study emphasizes the significance of optimizing the fertilization rate as a crucial factor in achieving high-yield and highly efficient onion cultivation by enhancing dry matter accumulation. Full article
(This article belongs to the Section Soil and Plant Nutrition)
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25 pages, 527 KiB  
Article
Do Board Characteristics Influence Leverage and Debt Maturity? Empirical Evidence from a Transitional Economy
by Adja Hamida, Olivier Colot and Rabah Kechad
J. Risk Financial Manag. 2025, 18(8), 418; https://doi.org/10.3390/jrfm18080418 - 28 Jul 2025
Viewed by 304
Abstract
This study examines the impact of board characteristics on capital structure decisions in the context of a transition economy, focusing on Algeria, where governance institutions are underdeveloped and the financial market remains immature. Using the Generalized Method of Moments (GMM) on a panel [...] Read more.
This study examines the impact of board characteristics on capital structure decisions in the context of a transition economy, focusing on Algeria, where governance institutions are underdeveloped and the financial market remains immature. Using the Generalized Method of Moments (GMM) on a panel dataset of 120 firms over the period 2015 to 2019, we identify a U-shaped relationship between board size and leverage, and an inverted U-shaped relationship between board size and debt maturity. Furthermore, increased nationality diversity on boards is found to significantly reduce debt maturity. These findings highlight the critical role of board composition in shaping corporate financing strategies in transition economies and provide novel insights into corporate governance dynamics in a relatively underexplored institutional context. The results are particularly relevant for national entities such as COSOB and Hawkama El Djazaïr and may guide banking sector practices by promoting the integration of board governance criteria into credit evaluation processes. Full article
(This article belongs to the Special Issue Emerging Trends and Innovations in Corporate Finance and Governance)
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18 pages, 4648 KiB  
Article
Wood- and Steel-Based Offsite Construction Solutions for Sustainable Building Renovation: Assessing the European and Italian Contexts
by Graziano Salvalai, Francesca Gadusso and Miriam Benedetti
Sustainability 2025, 17(15), 6799; https://doi.org/10.3390/su17156799 - 26 Jul 2025
Viewed by 473
Abstract
Offsite construction (OSC) offers a promising alternative for accelerating refurbishment projects across Italy and Europe. However, its adoption remains limited due to technical, regulatory, and cultural barriers. This study, conducted as part of the OFFICIO project, maps the current European OSC landscape, with [...] Read more.
Offsite construction (OSC) offers a promising alternative for accelerating refurbishment projects across Italy and Europe. However, its adoption remains limited due to technical, regulatory, and cultural barriers. This study, conducted as part of the OFFICIO project, maps the current European OSC landscape, with a focus on wood and light-steel technologies for sustainable building refurbishment. Combining a literature review, analysis of funded projects, and market data for 541 OSC products, the study develops tailored KPIs to assess these products’ technical maturity, prefabrication level, and environmental integration. The results reveal that wood-based OSC, although less widespread, is more mature and centered on the use of multi-layer panels, while steel-based systems, though more prevalent, remain largely tied to semi-offsite construction, indicating untapped development potential. Research efforts, especially concentrated in Mediterranean regions, focus on technological integration of renewable energy systems. A significant literature gap was identified in information concerning panel-to-wall connection, critical for renovation, limiting OSC’s adaptability to regeneration of existing buildings. The findings highlight the need for cross-sector collaboration, legislative clarity, and better alignment of public procurement standards with OSC characteristics. Addressing these issues is essential to bridge the gap between research prototypes and industrial adoption and accelerate the sustainable transformation of Europe’s construction sector to help meet climate neutrality targets. Full article
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18 pages, 296 KiB  
Perspective
Integrating Community Well-Being into Natural Climate Solutions: A Framework for Enhanced Verification Standards and Project Permanence
by Beth Allgood, John Waugh, Craig A. Talmage, Dehara Weeraman and Laura Musikanski
Reg. Sci. Environ. Econ. 2025, 2(3), 22; https://doi.org/10.3390/rsee2030022 - 25 Jul 2025
Viewed by 387
Abstract
Natural Climate Solutions (NCSs) represent a critical tool for addressing climate change, yet their long-term success is threatened by inadequate consideration of community impacts in current verification standards. While Article 6 of the Paris Agreement establishes rigorous requirements for carbon sequestration and emission [...] Read more.
Natural Climate Solutions (NCSs) represent a critical tool for addressing climate change, yet their long-term success is threatened by inadequate consideration of community impacts in current verification standards. While Article 6 of the Paris Agreement establishes rigorous requirements for carbon sequestration and emission avoidance verification, existing standards lack comprehensive frameworks for assessing and ensuring community well-being, undermining project permanence and market confidence. We developed an integrated framework combining community well-being assessment with verification requirements through analysis of Article 6 implementation requirements, existing voluntary carbon offset credit standards, emerging national standards, and community engagement mechanisms. Our analysis yielded a framework establishing five core tenets for community engagement (inclusion, engagement, contribution, ownership, and well-being) and nine essential well-being assessment domains, each with specific measurable indicators. The framework provides clear verification alignment protocols that integrate with existing standards while maintaining rigorous requirements and offering practical implementation guidance. Integration of community well-being assessment into NCS verification standards strengthens project permanence while meeting verification requirements, providing practical tools for standards bodies, project developers, and market participants to ensure both environmental and social benefits. As Article 6 mechanisms mature, this integration becomes increasingly crucial for project success. Full article
31 pages, 1342 KiB  
Review
The Role of Artificial Intelligence in Customer Engagement and Social Media Marketing—Implications from a Systematic Review for the Tourism and Hospitality Sectors
by Katarzyna Żyminkowska and Edyta Zachurzok-Srebrny
J. Theor. Appl. Electron. Commer. Res. 2025, 20(3), 184; https://doi.org/10.3390/jtaer20030184 - 23 Jul 2025
Viewed by 849
Abstract
The adoption of artificial intelligence (AI) in marketing and social media is gaining scholarly interest. While AI technologies offer significant potential for enhancing customer engagement (CE), their effectiveness depends on an industry’s level of digital and AI readiness. This is especially relevant for [...] Read more.
The adoption of artificial intelligence (AI) in marketing and social media is gaining scholarly interest. While AI technologies offer significant potential for enhancing customer engagement (CE), their effectiveness depends on an industry’s level of digital and AI readiness. This is especially relevant for people-centric sectors such as tourism and hospitality, where digital maturity remains relatively low. This study aims to understand how AI supports CE and social media marketing (SMM), and to identify the key antecedents and consequences of its use. Using the PRISMA approach, we conduct a systematic review of 55 peer-reviewed empirical studies on AI-based CE and SMM. Our analysis identifies the main contributing theories and AI technologies in the field, and uncovers four central themes: (1) AI in customer service and user experience design, (2) AI-based customer relationships with brands, (3) AI-driven development of customer trust, and (4) cultural differences and varying levels of AI readiness. We also develop a conceptual framework that outlines the determinants and outcomes of AI-based CE, including relevant moderators and mediators. The study concludes with directions for future research and provides theoretical and managerial implications, particularly for the tourism and hospitality industries. Full article
(This article belongs to the Section Digital Marketing and the Connected Consumer)
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35 pages, 3537 KiB  
Review
Sustainable Aviation Fuels: A Comprehensive Review of Production Pathways, Environmental Impacts, Lifecycle Assessment, and Certification Frameworks
by Weronika Klimczyk, Remigiusz Jasiński, Jakub Niklas, Maciej Siedlecki and Andrzej Ziółkowski
Energies 2025, 18(14), 3705; https://doi.org/10.3390/en18143705 - 14 Jul 2025
Viewed by 1079
Abstract
Sustainable aviation fuels (SAFs) are currently considered a key element in the decarbonization of the aviation sector, offering a feasible solution to reduce life cycle greenhouse gas emissions without requiring fundamental changes in aircraft or infrastructure. This article provides a comprehensive overview of [...] Read more.
Sustainable aviation fuels (SAFs) are currently considered a key element in the decarbonization of the aviation sector, offering a feasible solution to reduce life cycle greenhouse gas emissions without requiring fundamental changes in aircraft or infrastructure. This article provides a comprehensive overview of the current state of SAFs, including their classification, production technologies, economic aspects, and environmental performance. The analysis covers both currently certified SAF pathways, such as HEFA and FT-SPK, and emerging technologies like alcohol-to-jet and power-to-liquid, assessing their technological maturity, feedstock availability, and scalability. Economic challenges related to high production costs, investment risks, and policy dependencies are discussed, alongside potential mechanisms to support market deployment. Furthermore, the article reviews SAFs’ emission performance, including CO2 and non-CO2 effects, based on existing life cycle assessment (LCA) studies, with an emphasis on variability caused by feedstock type and production method. The findings highlight that, while SAFs can significantly reduce aviation-related emissions compared to fossil jet fuels, the magnitude of benefits depends strongly on supply chain design and sustainability criteria. There are various certified pathways for SAF production, as well as new technologies that can further contribute to the development of the industry. Properly selected biomass sources and production technologies can reduce greenhouse gas emissions by more than 70% compared to conventional fuels. The implementation of SAFs faces obstacles related to cost, infrastructure, and regulations, which hinder its widespread adoption. The study concludes that although SAFs represent a promising pathway for aviation climate mitigation, substantial scaling efforts, regulatory support, and continued technological innovation are essential to achieve their full potential. Full article
(This article belongs to the Section A: Sustainable Energy)
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14 pages, 296 KiB  
Article
Determinants of Capital Structure: Does Growth Opportunity Matter?
by Ndonwabile Zimasa Mabandla and Godfrey Marozva
J. Risk Financial Manag. 2025, 18(7), 385; https://doi.org/10.3390/jrfm18070385 - 11 Jul 2025
Viewed by 413
Abstract
This study explores the impact of growth opportunities on the capital structure of South African banks, utilising panel data from registered banking institutions covering the period from 2014 to 2023. While a substantial body of literature examines the relationship between growth prospects and [...] Read more.
This study explores the impact of growth opportunities on the capital structure of South African banks, utilising panel data from registered banking institutions covering the period from 2014 to 2023. While a substantial body of literature examines the relationship between growth prospects and corporate leverage, limited attention has been paid to this interaction within the banking sector, particularly in emerging economies. By employing the dynamic panel Generalised Method of Moments (GMM) estimator to address endogeneity concerns, the analysis reveals a statistically significant positive relationship between growth opportunities and both the total debt ratio (TDR) and the long-term debt ratio (LTDR). In contrast, a significant negative association is found between growth opportunities and the short-term debt ratio (STDR). The findings suggest that banks with stronger growth prospects are more inclined to utilise long-term financing, possibly reflecting shareholder preferences for institutions with favourable future outlooks and lower refinancing risks. These results highlight the importance of aligning capital structure decisions with an institution’s growth trajectory, while indicating that this relationship shifts depending on the maturity of the debt considered. This study contributes to the existing literature by contextualising capital structure decisions within the framework of growth opportunities. Structure theory within the context of the banking sector in a developing market offers practical insights for strategic financial planning and regulatory policy. Full article
(This article belongs to the Section Financial Markets)
16 pages, 1645 KiB  
Article
Carbon Pricing Strategies and Policies for a Unified Global Carbon Market
by Mohammad Imran Azizi, Xize Xu, Xuehui Duan, Haotian Qin and Bin Xu
Atmosphere 2025, 16(7), 836; https://doi.org/10.3390/atmos16070836 - 10 Jul 2025
Viewed by 495
Abstract
Driven by the urgent need to mitigate climate change and achieve net-zero emissions, carbon pricing has emerged as a critical policy tool in major economies worldwide. This study compares carbon pricing in the EU, China, Canada, and Singapore, evaluating effectiveness in emission reductions, [...] Read more.
Driven by the urgent need to mitigate climate change and achieve net-zero emissions, carbon pricing has emerged as a critical policy tool in major economies worldwide. This study compares carbon pricing in the EU, China, Canada, and Singapore, evaluating effectiveness in emission reductions, with the EU ranking first with high carbon prices, road market coverage, and strict penalties, based on carbon price per capita. Conversely, Singapore’s position as fourth in carbon price per capita among these four most mature carbon markets, Singapore has a high GDP per capita and lower carbon prices. Canada’s fragmented provincial policies and China’s limited market coverage, despite being the top global emitter. Our analysis reveals three critical success factors: (1) higher carbon prices per capita are essential for carbon reduction, (2) the necessity of penalties on carbon price per capita from EUR 20–EUR 100, and (3) expanded market coverage maximizes impact. To address global disparities, we propose a Uniform Carbon Pricing Mechanism under the Global Carbon Resilience Framework (GCRF), based on carbon price per capita tiered pricing: EUR 100/t (developed), EUR 30–50 (developing), and EUR 5–15 (least-developed countries). This balanced system supports vulnerable regions while cutting emissions, proving that fair carbon pricing is crucial for climate goals and economic stability. Full article
(This article belongs to the Section Air Pollution Control)
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