Search Results (121)

The Carbon Emissions Trading System (ETS) serves as a market-based mechanism to drive renewable energy (RE) investments, yet its heterogeneous impacts on different stakeholders remain underexplored. This paper treats the carbon market as an exogenous shock and develops a multi-agent equilibrium model incorporating carbon pricing, encompassing power generation enterprises, power transmission enterprises, power consumers, and the government, to analyze how carbon prices reshape RE investment layouts under dual-carbon goals. Using panel data from Zhejiang Province (2017–2022), a high-energy-consumption region with 25% net electricity imports, we simulate heterogeneous responses of agents to carbon price fluctuations (CNY 50–250/ton). The results show that RE on-grid electricity increases (+0.55% to +2.89%), while thermal power declines (–4.98% to −15.39%) on the generation side. Transmission-side RE sales rise (+3.25% to +9.74%), though total electricity sales decrease (−0.49% to −2.22%). On the consumption side, RE self-generation grows (+2.12% to +5.93%), yet higher carbon prices reduce overall utility (−0.44% to −2.05%). Furthermore, external electricity integration (peaking at 28.5% of sales in 2020) alleviates provincial entities’ carbon cost pressure under high carbon prices. This study offers systematic insights for renewable energy investment decisions and policy optimization. Full article

In the context of global e-commerce platform supply chains dominated by Alibaba and Amazon, power reconfiguration among tripartite stakeholders (platforms, manufacturers, and retailers) remains a critical yet underexplored issue in supply chain contract design. To analyze the strategic interactions between platforms, manufacturers, and retailers, as well as how platforms select the contract format within a tripartite supply chain, this study proposes a Stackelberg game-theoretic framework incorporating participation constraints to compare fixed-fee and revenue-sharing contracts. The results demonstrate that revenue-sharing contracts significantly enhance supply chain efficiency by aligning incentives across members, leading to improved pricing and sales outcomes. However, this coordination benefit comes with reduced platform dominance, as revenue-sharing inherently redistributes power toward upstream and downstream partners. The analysis reveals a nuanced contract selection framework: given the revenue sharing rate, as the additional value increases, the optimal contract shifts from the mode RR to the mode RF, and ultimately to the mode FF. Notably, manufacturers and retailers exhibit a consistent preference for revenue-sharing contracts due to their favorable profit alignment properties, regardless of the platform’s value proposition. These findings may contribute to platform operations theory by (1) proposing a dynamic participation framework for contract analysis, (2) exploring value-based thresholds for contract transitions, and (3) examining the power-balancing effects of alternative contract formats. This study offers actionable insights for platform operators seeking to balance control and cooperation in their supply chain relationships, while providing manufacturers and retailers with strategic guidance for contract negotiations in platform-mediated markets. These findings are especially relevant for large e-commerce platforms and their partners managing the complexities of contemporary digital supply chains. Full article

The electric vehicle (EV) business model integrates advanced battery technology, dynamic power train architectures, and intelligent energy management systems with ecosystem strategies and digital services. It incorporates environmental sustainability through lifecycle analysis and renewable energy integration. China, with 9.49 million EV sales in 2023 (33% market share), faces infrastructure gaps constraining further growth. China is strategically mitigating CO₂ emissions while fostering economic expansion, notwithstanding constraints such as suboptimal battery technology advancements, elevated production expenditure, and enduring ecological impacts. This Political, Economic, Social, Technological, Legal, Environmental (PESTLE) assessment, operationalized through a survey of 800 stakeholders and Statistical Package for the Social Sciences IBM SPSS SPSS (Version 28) quantitative analysis (factor loading = 0.73 for Technology; eigenvalue = 4.12), identifies infrastructure gaps as the dominant barrier (72% of stakeholders). Political factors (β = 0.82) emerged as the strongest adoption predictor, outweighing economic subsidies in significance. The adoption of EVs in China presents a significant prospect for reducing CO₂ emissions and advancing technology. However, economic barriers, market dynamics, inadequate infrastructure, regulatory uncertainty, and social acceptance issues are addressed in the assessment. The study recommends prioritizing infrastructure investment (e.g., 500 K fast-charging stations by 2027) and policy stability to overcome adoption barriers. This study provides three key advances: (1) quantification of PESTLE factor weights via factor analysis, revealing technological (infrastructure) and political factors as dominant; (2) identification of infrastructure gaps, not subsidies, as the primary adoption barrier; and (3) demonstration of infrastructure’s persistence post-subsidy cuts. These insights redefine EV adoption priorities in China. Full article

In the context of the evolving energy landscape, the need to harness renewable energy sources (RESs) has become increasingly imperative. Within this framework, hydrogen emerges as a promising energy storage vector, offering a viable solution to the flexibility challenges caused by the inherent variability of RESs. This work investigates the feasibility of integrating a hydrogen-based energy storage system within an energy community in Barcelona, using surplus electricity from photovoltaic (PV) panels. A power-to-power configuration is modelled through a comprehensive methodology that determines optimal component sizing, based on high-resolution real-world data. This analysis explores how different operational strategies influence the system’s cost-effectiveness. The methodology is thus intended to assist in the early-stage decision-making process, offering a flexible approach that can be adapted to various market conditions and operational scenarios. The results show that, under the current conditions, the combination of PV generation, energy storage, and low-cost grid electricity purchases yield the most favourable outcomes. However, in a long-term perspective, considering projected cost reductions for hydrogen technologies, strategies including energy sales back to the grid become more profitable. This case study offers a practical example of balancing engineering and economic considerations, providing replicable insights for designing hydrogen storage systems in similar energy communities. Full article

This work analyzes the electric vehicle (EV) sales trends of plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs) and trends in the growth of Alternating Current (AC) and Direct Current (DC) charging infrastructure station scenarios in Europe and Italy. It offers a comprehensive view of market trends, technical developments, infrastructure development, and worldwide standardization initiatives for policymakers, researchers, and industry. A detailed classification of the charging technologies of EVs, i.e., conductive, wireless power transfer (WPT), battery swapping (BS), and different EV types, is presented. Finally, this work provides a comparative overview of charging standards and protocols, including the ones established by the Society of Automotive Engineers (SAE), International Electrotechnical Commission (IEC), and Standardization Administration of China (SAC), emphasizing interoperability and cross-border integration to accelerate the transition to clean transportation. Full article

Although the transition to electric vehicles (EVs) is well underway and expected to continue in global car markets, most vehicles on the world’s roads will be powered by internal combustion engine vehicles (ICEVs) and fossil fuels for the foreseeable future, possibly well past 2050. Thus, good environmental performance and effective emission control of ICE vehicles will continue to be of paramount importance if the world is to achieve the stated air and climate pollution reduction goals. In this study, we review 228 publications and identify four main issues confronting these objectives: (1) cheating by vehicle manufacturers, (2) tampering by vehicle owners, (3) malfunctioning emission control systems, and (4) inadequate in-service emission programs. With progressively more stringent vehicle emission and fuel quality standards being implemented in all major markets, engine designs and emission control systems have become increasingly complex and sophisticated, creating opportunities for cheating and tampering. This is not a new phenomenon, with the first cases reported in the 1970s and continuing to happen today. Cheating appears not to be restricted to specific manufacturers or vehicle types. Suspicious real-world emissions behavior suggests that the use of defeat devices may be widespread. Defeat devices are primarily a concern with diesel vehicles, where emission control deactivation in real-world driving can lower manufacturing costs, improve fuel economy, reduce engine noise, improve vehicle performance, and extend refill intervals for diesel exhaust fluid, if present. Despite the financial penalties, undesired global attention, damage to brand reputation, a temporary drop in sales and stock value, and forced recalls, cheating may continue. Private vehicle owners resort to tampering to (1) improve performance and fuel efficiency; (2) avoid operating costs, including repairs; (3) increase the resale value of the vehicle (i.e., odometer tampering); or (4) simply to rebel against established norms. Tampering and cheating in the commercial freight sector also mean undercutting law-abiding operators, gaining unfair economic advantage, and posing excess harm to the environment and public health. At the individual vehicle level, the impacts of cheating, tampering, or malfunctioning emission control systems can be substantial. The removal or deactivation of emission control systems increases emissions—for instance, typically 70% (NO_x and EGR), a factor of 3 or more (NO_x and SCR), and a factor of 25–100 (PM and DPF). Our analysis shows significant uncertainty and (geographic) variability regarding the occurrence of cheating and tampering by vehicle owners. The available evidence suggests that fleet-wide impacts of cheating and tampering on emissions are undeniable, substantial, and cannot be ignored. The presence of a relatively small fraction of high-emitters, due to either cheating, tampering, or malfunctioning, causes excess pollution that must be tackled by environmental authorities around the world, in particular in emerging economies, where millions of used ICE vehicles from the US and EU end up. Modernized in-service emission programs designed to efficiently identify and fix large faults are needed to ensure that the benefits of modern vehicle technologies are not lost. Effective programs should address malfunctions, engine problems, incorrect repairs, a lack of servicing and maintenance, poorly retrofitted fuel and emission control systems, the use of improper or low-quality fuels and tampering. Periodic Test and Repair (PTR) is a common in-service program. We estimate that PTR generally reduces emissions by 11% (8–14%), 11% (7–15%), and 4% (−1–10%) for carbon monoxide (CO), hydrocarbons (HC), and oxides of nitrogen (NO_x), respectively. This is based on the grand mean effect and the associated 95% confidence interval. PTR effectiveness could be significantly higher, but we find that it critically depends on various design factors, including (1) comprehensive fleet coverage, (2) a suitable test procedure, (3) compliance and enforcement, (4) proper technician training, (5) quality control and quality assurance, (6) periodic program evaluation, and (7) minimization of waivers and exemptions. Now that both particulate matter (PM, i.e., DPF) and NO_x (i.e., SCR) emission controls are common in all modern new diesel vehicles, and commonly the focus of cheating and tampering, robust measurement approaches for assessing in-use emissions performance are urgently needed to modernize PTR programs. To increase (cost) effectiveness, a modern approach could include screening methods, such as remote sensing and plume chasing. We conclude this study with recommendations and suggestions for future improvements and research, listing a range of potential solutions for the issues identified in new and in-service vehicles. Full article

The dynamics of carbon transfer and shifting consumer preferences toward low-carbon products significantly influence firms’ strategic choices and accelerate their transition to greener practices. This study models a secondary supply chain involving a supplier, a high-carbon manufacturer, and a low-carbon manufacturer, analyzing equilibrium outcomes for pricing and profit under two power structures: one where the high-carbon manufacturer holds greater influence, and another where both manufacturers have equal power. Numerical simulations are used to examine how carbon transfer and consumer preferences shape pricing, profitability, and strategic responses across the supply chain. The results show that high-carbon manufacturers with greater market power raise prices to offset the cost of carbon, while those with equal power are more constrained by competition and have to track market dynamics in pricing. Low-carbon manufacturers, more sensitive to consumer preferences, benefit from rising demand, gaining pricing power and sales, while high-carbon manufacturers need to raise prices initially and then gradually reduce them. Although increased carbon transfers offer high-carbon manufacturers greater strategic flexibility, they raise supplier costs and prices for high-carbon products, with limited effect on low-carbon manufacturers. Full article

In recent years, as an important alternative to traditional gasoline-powered vehicles, new electric vehicles (NEVs) have gained widespread attention and rapid development globally. In the traditional automotive industry chain, downstream vehicle manufacturers need to master core technologies, such as engines, chassis, and transmissions. In contrast to the traditional automotive industry chain, where downstream vehicle manufacturers must master core technologies, like engines, chassis, and transmissions, the electric vehicle industry chain has evolved in a way that the development of core components is gradually separated from the vehicle manufacturers. Downstream vehicle manufacturers can now outsource key components, such as batteries, electric controls, and motors. Additionally, in terms of sales models, the electric vehicle industry chain can adopt either the traditional 4S dealership model or a direct-sales model. As the research and development of core components are increasingly separated from vehicle manufacturers, the downstream vehicle manufacturers can source components, like batteries, electric controls, and motors, externally. At the same time, they can choose to use either the traditional 4S dealership model or the direct-sales model. The underlying mechanisms and channel selection in this context require further exploration. Based on this, a mathematical model is established by incorporating terminal marketing input, product competitiveness, and after-sales service levels from the literature to solve for the optimal pricing under centralized and decentralized pricing strategies. Using numerical examples, the pricing and profit performance under different market structures are analyzed to systematically examine the impact of the electric vehicle supply chain on business operations, as well as the changes in various elements across different channels. We will focus on how after-sales services (including the spare part supply) influence the pricing strategy and profit distribution in the supply chain, aiming to provide insights into advanced manufacturing system management for manufacturing enterprises and improve the efficiency of intelligent logistics management. The research indicates that (1) The direct-sales model helps to improve the terminal marketing input, after-sales service quality, and product competitiveness for supply chain stakeholders; (2) It is noteworthy that the manufacturer’s direct-sales model also significantly contributes to lowering prices, highlighting that the direct-sales model has substantial impacts on both supply chain stakeholders and, importantly, consumers. Full article

As China’s power market reforms deepen, the scale of market operations and the number of participants have reached new highs, introducing increasingly complex threats and heightened risk scenarios. Traditional risk early warning systems for electricity sales companies are heavily influenced by subjective factors, incomplete data, and poor real-time performance, which cannot meet the requirements of sustainable development. To achieve efficient, full-chain, and sustainable risk control, this paper proposes a data-driven risk warning method for electricity sales companies, encompassing the entire sales process. Firstly, based on data correlations across the electricity sales process, appropriate data sources for risk warnings are identified. Key elements are then extracted using Principal Component Analysis (PCA), while historical business data is adaptively clustered, with risk warning levels classified using the Adaptive Sparrow Optimization Density Peak Clustering Algorithm (DPC-SSA). Lastly, dynamic risk warnings are generated through the stacking identification model. The effectiveness and practicality of the proposed method are validated through an analysis using real data from a provincial power trading management platform. Full article

The integration of advanced technologies, such as the Metaverse, has the potential to revolutionize the retail industry and enhance the shopping experience. Understanding consumer behavior and leveraging machine learning predictions based on analysis can significantly enhance user experiences, enabling personalized interactions and fostering overall engagement within the virtual environment. In our ongoing research effort, we have developed a consumer behavior framework to predict interesting buying patterns based on analyzing sales transaction records using association rule learning techniques aiming at improving sales parameters for retailers. In this paper, we introduce a validation analysis of our predictive framework that can improve the personalization of the shopping experience in virtual reality shopping environments, which provides powerful marketing facilities, unlike real-time shopping. The findings of this work provide a promising outcome in terms of achieving satisfactory prediction accuracy in a focused pilot study conducted in association with a prominent retailer in Saudi Arabia. Such results can be employed to empower the personalization of the shopping experience, especially on virtual platforms such as the Metaverse, which is expected to play a revolutionary role in future businesses and other life activities. Shopping in the Metaverse offers a unique blend of immersive experiences and endless possibilities, enabling consumers to interact with products and brands in a virtual environment like never before. This integration of cutting-edge technology not only transforms the retail landscape but also paves the way for a new era of personalized and engaging shopping experiences. Lastly, this empowerment offers new opportunities for retailers and streamlines the process of engaging with customers in innovative ways. Full article

This study explores how visual merchandising and store layout influence customer shopping decisions. This research aims to identify the key factors that shape consumer behavior and provide useful insights for retailers by using interactive marketing factors. Data were collected from 488 respondents in the South Muntenia region of Romania, a key economic hub with significant retail activity. Given its economic diversity and proximity to Bucharest, this region serves as a representative microcosm of consumer behavior trends in Romania. The survey was distributed physically and virtually through social media platforms (Facebook and WhatsApp groups, and email networks) to ensure a diverse and representative sample. To analyze the data, this study utilized SmartPLS, a powerful tool for structural equation modeling (SEM). This approach allowed for an in-depth examination of the relationships between visual merchandising, store layout, and customer shopping behavior, providing a more comprehensive view of the conceptual model. This study’s theoretical contributions stem from its holistic approach, which combines different aspects of visual merchandising and store layout into a unified conceptual model. By analyzing how these elements work together, this study offers a deeper understanding of customer shopping behavior. Retailers are encouraged to prioritize product arrangement, make effective use of exterior lighting, and maintain engaging window displays. These strategies can attract more customers, encourage impulse purchases, and improve the overall store profitability. This study underscores the critical role that visual merchandising and store layout play in shaping customer shopping decisions. By optimizing product layout, enhancing exterior lighting, and creating captivating window displays, retailers can design a more engaging shopping experience that boosts customer satisfaction, increases sales, and builds customer loyalty. Full article

Hydrokinetic turbines (HKTs) are a promising renewable energy source due to the consistency and high energy density in river and tidal resources. One of the primary barriers to the widespread adoption of HKT technologies is a high levelized cost of energy (LCOE). Considering the marine operating environment, the operation and maintenance costs are substantial. The power electronic converter, a key element in the electrical energy conversion system, is a common point of failure in direct-drive turbine applications—leading to increased maintenance efforts. This work presents a reinforcement learning (RL) method built within a quadratic feedback torque control framework to balance energy generation with power electronic device lifetime. The effectiveness of the RL-based control scheme is compared against a static baseline controller through two year-long tidal case studies. The results showed that the proposed method reduced cumulative damage on the device by upwards of 75% but reduced energy generation by up to 25.2%. Using a custom real-time cost estimation function that considers the sale of energy and an estimate of the costs associated with operating a device at a given temperature, it was found that the RL method can increase net income by up to 45.4% depending on the energy market conditions. Full article

Motivated by the projected solar and wind capacity additions around the world, we model the energy procurement decision of a load serving entity (LSE) faced with alternatives of solar power purchase agreements (PPAs), wind PPAs, non-renewable energy forward contracts, and spot energy purchases in a wholesale electricity market with uncertain prices. Using a pseudo-data sample of over one million observations, we estimate a translog cost function to find that the LSE’s own-price elasticity estimates range from −1.87 for nighttime spot MWh demands to −13.1 for forward MWh demands. MWh demands are influenced by solar and wind capacity factors, daytime and nighttime retail sales, and spot energy price forecasts. The LSE’s optimal procurement of solar capacity is roughly twice the wind capacity, corroborating the ratios of projected solar and wind capacity additions in regions around the world. If the LSE’s existing energy mix is nearly all renewable, it becomes carbon-free when solar and wind power purchase agreements have declining energy prices or when forward energy price and spot energy price forecasts increase over time. These results imply that piecemeal policy measures can have conflicting outcomes, calling for integrated resource planning under wholesale market competition and price uncertainty. Full article

The imperative for sustainable development demands innovative solutions to address the environmental impact of transportation, particularly in the context of climate change. This study explores the intersection of renewable energy and sustainability within the automotive industry by examining how restrictions on the sale of gasoline-powered vehicles affect patent filings related to automotive engine technologies. Our approach employs a factorial analysis to capture structural shifts in patent filings, utilizing the logarithmic mean Divisia index for index decomposition. We scrutinize patent trends from 1985 to 2019, with a focus on both non-green (internal combustion engine vehicles) and green technologies (battery electric, hybrid electric, and full cell vehicles), to assess the transition towards sustainable transportation. This study also scrutinizes the patenting activities of four major patent offices—China, Japan, the United States, and Germany—to unveil global trends and disparities in sustainable technology innovation. Our findings underscore how a nation’s green investment strategy is contingent upon its developmental stage, with intellectual property rights and R&D incentives playing pivotal roles in shaping R&D landscapes, especially in emerging economies with nascent intellectual property markets. This study also reveals varying strategies for developing green automotive engines across nations, indicating that the growth of green patents in developed countries is probably spurred by financial incentives and enhanced intellectual property rights to promote specific tech advancements. This research contributes to the discourse on sustainability by highlighting the critical role of policy in fostering green technology development and the importance of aligning patent strategies with environmental goals. Full article

Due to the significant increase in the number of EVs, this manuscript presents a study of the total ownership cost of electric vehicles in Romania. The total cost of ownership (TCO) includes the initial purchase price, maintenance costs, power prices, and government incentives or subsidies unique to the market in Romania. The TCO was calculated for battery electric vehicles (BEVs) and internal combustion vehicles (ICEs). Several vehicles were selected for the study, representing the models with the highest sales in Romania and a similar price range. The results show that EVs have a lower TCO compared with internal combustion vehicles if the battery replacement cost for EVs is not considered in the analysis. If this cost is considered, the TCO for the BEVs has a significant increase due to the high cost of the battery. Another analysis performed regards the CO₂ emissions. These are higher for ICEs compared to BEVs, so the BEVs help reduce emissions. Full article