Search Results (192)

This study aims to review the energy management of microgrids with a structured focus on residential, commercial, and industrial applications. Building on early optimization and control strategies, this study synthesizes advances in forecasting, uncertainty management, computational intelligence, and digital twin integration. Particular attention is given to multi-energy coupling through storage technologies, including hydrogen and thermal pathways, along with life cycle, trilemma, and sustainability considerations. Sector-specific energy management system (EMS) strategies are compared in terms of objectives, methods, and implementation challenges, highlighting both converging and unique requirements across application domains. Cross-sectoral challenges, such as interoperability, cyber-security, resilience valuation, and policy gaps, are analyzed, and emerging research directions, including artificial intelligence (AI)-driven optimization, hierarchical and multi-agent frameworks, and hydrogen-enabled autonomy, are outlined. This review aims to equip researchers, practitioners, and policymakers with a consolidated reference on microgrid EMS, bridging technical innovation with sustainable and resilient energy transitions. Full article

This study uses the Contingent Valuation Method (CVM), a quantitative approach, with interval regression and Ordinary Least Squares (OLS) models to assess the non-use values of the Zhongjieshan and Liuheng Marine Ranches. The aim of the study is to quantify the monetary value of non-market benefits, examine socioeconomic influences on stakeholders’ Willingness to Pay (WTP), and provide a basis for ecological compensation mechanisms. Zhongjieshan’s annual non-use value is estimated at 28.99–30.81 million CNY (Chinese Yuan) (median WTP 74.33–78.99 CNY per person), while Liuheng’s value is higher at 108–111 million CNY (median WTP 150.20–153.89 CNY per person), suggesting greater ecological and recreational potential at Liuheng. The results show robust model performance, with minimal WTP differences. WTP for Liuheng is primarily influenced by income and environmental awareness, while Zhongjieshan shows a distance-decay effect. Visitor profiles reveal that Zhongjieshan attracts younger, moderately educated visitors, while Liuheng draws more highly educated, economically diverse groups. These findings suggest that Zhongjieshan should prioritize community-based co-management, while Liuheng should focus on high-quality, technology-driven ecological leisure development. The study also emphasizes the need for targeted awareness campaigns and supports the creation of diversified ecological compensation mechanisms beyond government funding. Full article

Amphibians are among the most threatened vertebrate groups globally, with over 40% of species at risk of extinction. However, a gap remains in understanding how to effectively develop and implement amphibian conservation strategies at local and global scales to minimize extinction risk. This review synthesizes multidisciplinary evidence to frame amphibian conservation as a priority not only for species preservation but for safeguarding ecosystem functioning and human well-being. Drawing on ecological, physiological, biomedical, and technological literature, we highlight the foundational roles amphibians play in various biomes: regulating invertebrate populations, mediating nutrient and energy flows, modifying physical habitats, and supporting biodiversity through trophic interactions. Their dual aquatic–terrestrial life cycles and highly permeable skin make them highly sensitive to environmental change, positioning them as bioindicators for ecosystem health. We further explore emerging tools and concepts such as environmental metabolomics, remote sensing, and citizen science for monitoring population trends and environmental stressors. Additionally, we discuss conservation challenges in relation to land-use change, climate disruption, invasive species, emerging diseases, and institutional underinvestment. We argue for the recognition of amphibians as ecological allies and the increased integration of amphibian conservation into broader frameworks such as ecosystem service valuation, climate resilience planning, and public health policy improvement. Finally, we identify key research gaps and suggest future directions to remedy these oversights, including the incorporation of traditional knowledge, socio-cultural engagement, and technological innovations for sustainable amphibian conservation. Realizing this vision will require globally coordinated, locally grounded strategies that fuse scientific insight, inclusive governance, and long-term investment—ensuring that amphibian conservation advances ecosystem stability and benefits both nature and society. Full article

This study investigates the determinants of financial and market-based sustainability among listed Information Technology (IT) firms in Central and Eastern Europe (CEE) between 2018 and 2024. Drawing on Agency Theory, Stakeholder Theory, Resource-Based View Theory, Dynamic Capabilities Theory and Legitimacy Theory, it examines how leverage, profitability, growth and earnings quality shape firm performance and valuation outcomes. Using a balanced panel of 266 firm-year observations from Poland, Romania, Hungary and Croatia, the analysis applies fixed-effects Ordinary Least Squares (OLS) regressions with heteroscedasticity-robust (HC3) standard errors. The results reveal that lower leverage significantly enhances return on equity, confirming agency-based governance effects, while revenue growth and earnings per share (EPS) are strong positive predictors of profitability. On the contrary, rapid growth increases Stock Price Volatility, reflecting a risk–return trade-off typical of emerging technology markets. Market valuation ratios (P/E) show weak sensitivity to fundamentals, suggesting that investor confidence in CEE IT firms remains partially institutionally constrained. Overall, the findings emphasise that sustainable performance in transitional economies depends more on internal capability deployment and governance discipline than on market perception, highlighting the maturity gap between operational excellence and valuation transparency in the regional IT sector. Full article

Off-grid renewable energy systems have become a cost-effective way to supply electricity in remote rural areas, contributing to achieving universal energy access as mandated by Sustainable Development Goal 7 (SDG7). However, benefits are often compromised by limitations in the financial and technical capacity and capabilities of rural beneficiaries to operate and maintain the technology, raising concerns about the cost-effectiveness of investment in the systems. This study examines the non-economic social benefits of providing electricity through off-grid renewable systems and whether these benefits justify investment in the efforts and costs borne by rural communities. Using the case study of the community-managed Kalilang micro-hydro power plant (MHPP) operating on Sumba Island, Indonesia, we estimate the value of non-market benefits of off-grid renewable electricity in rural Indonesia. By applying a mixed-methods approach, this research qualitatively identified perceived non-market benefits through 16 key informant interviews and subsequently employed contingent valuation (CV) with 105 households to estimate their willingness-to-pay (WTP) for these benefits. The results suggest that off-grid renewable projects remain socially viable even when direct economic returns are lacking. Inclusion of these social values into project evaluation and appraisals is needed to better reflect the contribution of off-grid renewable energy systems to community well-being. Full article

Significant rural transformation has occurred in China’s formerly impoverished areas due to targeted poverty alleviation and rural revitalization strategies. In these areas, the coordinated development of the economic and ecological values of cultivated land resources is essential for rural transformation. This study focuses on the Liupan Mountain area, a typical poverty alleviation demonstration zone and Ecological and economic fragile area in Northwestern China. By collecting statistical yearbook data and raster data, it establishes a valuation system for cultivated land resources, transforming these resources into quantifiable poverty alleviation capital. This approach provides support for the long–term consolidation of targeted poverty alleviation policies. By integrating the Production Possibility Frontier (PPF) method with GIS spatial analysis, we developed a workflow to analyze value correlations and spatial patterns. The results showed the following: (1) While ecological values grew steadily from 2007 to 2022, economic value increased initially and then decreased, with both exhibiting significant spatial heterogeneity. (2) The relationship between economic value and ecological value evolved into a continuously strengthening synergy. (3) The integration of PPF curves with GIS visualization technology enabled the identification of underutilized, overutilized, and optimally utilized areas, revealing a distinct “π–shaped” overutilization zone. This study elucidates the trade–offs, synergies, and spatial characteristics of cultivated land values, providing critical insights for sustainable land resource management in post–poverty transformation areas. Full article

The urgent pursuit of climate-resilient agriculture and clean energy systems, central to the Energy–Agriculture Nexus and the UN Sustainable Development Goals, has accelerated global interest in agrivoltaic (Agri-PV) technologies. This paper presents a global systematic review and meta-analysis of 160 peer-reviewed studies, structured through a five-stage thematic synthesis: (1) mapping global and regional Agri-PV deployment and potential, (2) analyzing system design and modeling methodologies, (3) evaluating crop suitability under partial shading, (4) reviewing enabling policies and regulatory frameworks, and (5) assessing techno-economic feasibility and investment barriers. Results reveal that Europe and Asia lead Agri-PV development, driven by incentive-based policies and national tenders, while limited regulatory clarity and high capital costs constrain wider adoption. Despite technological progress, no integrated model fully captures the coupled energy, water, and crop dynamics essential for holistic assessment. Strengthening economic valuation, policy coherence, and standardized modeling approaches will be critical to scale Agri-PV systems as a cornerstone of sustainable and climate-resilient land use. Full article

Our research aims to provide a comparative analysis of water governance components by presenting the complexity of water-covered land use by the extractive industry in terms of legal, economic, and environmental protection aspects in Poland and Malaysia, along with the corresponding regulations and their implications. This paper discusses the legal forms of land ownership and use, as well as the currently applied principles for calculating fees for using state-owned water covered land that contains mineral deposits. We also present a comparison of selected technologies for the extraction of sand and gravel aggregates under water with their environmental impact. This research highlights the need for specialized valuation frameworks tailored to the geological and regulatory landscape of Poland and Malaysia. We suggest that the market value of land located above a mineral deposit, calculated individually for each deposit-property, should serve as the basis for calculating the lease fee. This discussion should encompass not only the principles and methodology involved in estimating the magnitudes of lease rents on mining industry and its profitability, but also the identification and criteria for assessing the risks associated with ongoing or planned mining ventures and concerns about the protection of river ecosystems. Our research contributes in providing data to stakeholders on extractive industry that operates within flowing and standing inland waters. The key finding of our research is that, in our opinion, the water governance frameworks in Poland and Malaysia are inadequate for protecting public finances and for internalizing the environmental externalities inherent in the economics of mining. Full article

Despite technological advancements in mining, Chile lacks comprehensive risk management models for tailings storage facilities (TSFs), which hinders the prevention and mitigation of structural and environmental risks. This study aims to develop an integrated risk management model for TSFs in Chile, combining geological and mining engineering with an updated regulatory framework to enhance safety and reduce environmental impacts. The research adopts a mixed-methods approach. Qualitatively, it draws on 10 semi-structured interviews with engineers, geologists, academics, and professionals from the Chilean mining industry, selected through purposive sampling, to explore how and why the current risk management model should be improved. Quantitatively, it analyzes data from 303 surveys assessing the existing regulatory framework, a proposed new regulatory decree for Chile, and key variables to be considered in TSF risk management. The results present a new model that integrates geochemical and geotechnical characterization, process variables, in situ sensors, remote sensing, and artificial intelligence to generate dynamic risk indicators and early warning systems throughout the life cycle of the facility, including closure and liability valuation. Its multiscale design, adaptable to seismic and hydrogeological conditions and suitable for small- and medium-scale mining, overcomes existing static and fragmented approaches, enabling more effective decision-making with a focus on environmental and community safety. The study concludes that the model provides a robust and coherent tool for TSF risk management by integrating technical expertise, the current regulatory framework, and the management of key variables that enhance the ability to anticipate and mitigate structural and environmental risks. Full article

This study tests whether labeled green and sustainability-linked financing complements firms’ R&D to lower the weighted average cost of capital (WACC), raise valuation, and shift innovation toward climate mitigation technologies. Using a 2012–2024 panel of S&P 500 constituents with complete coverage, this study applies a staggered-adoption difference-in-differences design with interaction-weighted event-time estimators and entropy balancing; WACC is decomposed into equity and debt components, valuation is measured by Tobin’s Q, and innovation outcomes cover patent counts and the CPC Y02 share, with matched-bond and secondary-market comparisons for the debt channel. Within two years of first-time adoption, this study observes a meaningful decline in WACC (approximately 40–60 bp) driven mainly by the cost of debt, alongside higher valuation and increased innovation intensity with a larger Y02 share. Effects are larger where R&D intensity is higher and are strongest for use-of-proceeds green bonds and for sustainability-linked contracts with material KPIs and non-trivial step-ups. These results indicate that labeled financing is most effective when aligned with credible R&D pipelines and verification mechanisms, clarifying its governance role in corporate sustainability strategies. Full article

Public acceptance remains a critical barrier to the adoption of genetically modified (GM) foods. This study investigates whether communication strategies that establish different forms of technological legitimacy, specifically regulative, normative, and cognitive legitimacy, can effectively overcome this barrier. Using the contingent valuation method (CVM) with a nationally representative sample of 1194 individuals, this study examined the effect of communication strategies on Chinese consumers’ willingness to pay for GM soybean oil. The results revealed a striking asymmetry. Information emphasizing the safety regulations of GM foods, which aims to build regulative legitimacy, significantly reduced WTP, likely by activating consumer anxieties. Conversely, narratives highlighting technology’s role in ensuring national food security, which builds normative legitimacy, effectively increased WTP for domestic GM oil. Information about the advanced level of GM technology, intended to establish cognitive legitimacy, had no significant impact. The effects were heterogeneous. Females and less knowledgeable consumers were most sensitive to safety messages. Our findings demonstrate that building legitimacy through normative appeals to collective welfare is more effective than relying on regulatory assurances. This study provides a legitimacy-based framework for understanding public perception and offers policymakers crucial insights for communicating about controversial agricultural technologies. Full article

In recent years, the global energy crisis, concerns about energy security and grid parity, and the pressure to develop policies for reducing the environmental impact of anthropogenic activities have accelerated investments in renewable energy. A growing body of literature applies the real options approach (ROA) to renewable energy projects, recognizing its value in capturing irreversibility and flexibility under uncertainty. The present work provides a detailed state-of-the-art analysis on the adoption of real options to evaluate mixes of energy technologies for power generation, with a special emphasis on investments in hydropower and solar photovoltaics. The objective is to assess current applications, identify knowledge gaps, and outline priorities for advancing decision-making tools in this domain. We performed a systematic literature review following the PRISMA protocol, identifying 38 papers from the Scopus database up to February 2024. Eligible studies were peer-reviewed articles in English applying the ROA to power generation, following a technology selection process; policy evaluation or research and development studies were excluded. The selected papers were analyzed to identify trends over time and space, adopted energy technology, types of real options with valuation methods, and sources of uncertainty. The present paper also discusses the main findings and emerging gaps, providing an overview of hybrid renewable energy systems. Our analysis suggests that, despite the significant advances achieved in this area, further research is needed to exploit the potential of the ROA in investment decisions for combined renewable energy technologies, especially in cases where internal uncertainty and community perspectives need to be explicitly considered. By linking the ROA to the challenges of mixed renewable energy projects, this study enhances understanding of investment decision-making under uncertainty and identifies pathways toward more robust and adaptive project evaluation. Full article

The integration of distributed energy resources into distribution networks creates operational challenges, including voltage instability and power quality issues. While battery energy storage systems (BESSs) can address these challenges, research has focused primarily on transmission-level applications or single services. This paper bridges this gap through a comprehensive review of BESS technologies and control strategies for multi-service ancillary support in distribution networks. Real-world case studies demonstrate BESS effectiveness: Hydro-Québec’s $1.2$ MW system maintained voltage within 5% and responded to frequency events in under 10 ms; Germany’s hybrid 5 MW M5BAT project optimized multiple battery chemistries for different services; and South Africa’s Eskom deployment improved renewable hosting capacity by 15–70% using modular BESS units. The analysis reveals grid-forming inverters and hierarchical control architectures as critical enablers, with model predictive control optimizing performance and droop control ensuring robustness. However, challenges like battery degradation, regulatory barriers, and high costs persist. This paper identifies future research directions in degradation-aware dispatch, cyber-resilient control, and market-based valuation of BESS flexibility services. By combining theoretical analysis with empirical results from international deployments, this study provides utilities and policymakers with actionable insights for implementing BESS in modern distribution grids. Full article

For centuries, artisans have resolved intricate engineering conundrums with intuitive ingenuity, bequeathing a legacy of design wisdom that remains largely untapped in contemporary biomimetics. This “anthro-creative” form of biomimicry, deeply embedded within traditional crafts such as Chaozhou woodcarving, is predominantly tacit and qualitative, which has traditionally eluded systematic interpretation. To address this, we propose the Hierarchical Biomimetics-Based Evaluation System (HBBES), a transdisciplinary framework that couples expert-defined hierarchies through the Analytic Hierarchy Process (AHP) with perceptual assessments from one hundred public evaluators via Fuzzy Comprehensive Evaluation (FCE). Applied to canonical works—including the Lobster and Crab Basket (overall score: 4.36/5.00)—the HBBES revealed a striking finding: both expert and public valuations are anchored not in structural hierarchy, but in aesthetic resonance, particularly the craft’s lifelike morphological analogy and nuanced modulation of light. Beyond offering a replicable pathway for translating artisanal intuition into operative design principles, this study proposes a culture-driven paradigm for biomimetics, bridging intangible heritage with technological innovation. Full article

University campuses in rapidly urbanizing regions face increasing pressure to balance infrastructure development with environmental sustainability, yet their carbon storage potential remains largely unexplored in sub-Saharan Africa. This study assessed land use changes, carbon storage dynamics, and economic valuation across three Ghanaian universities, University of Ghana (UG), Kwame Nkrumah University of Science and Technology (KNUST), and University of Cape Coast (UCC), from 2017 to 2023, and evaluated five future scenarios using the InVEST carbon model. Land use analysis employed ESRI 10 m annual land cover data, while carbon storage was estimated using regionally appropriate carbon pool values, and economic valuation applied Ghana’s social cost of carbon ($0.970/tCO₂). Historical analysis revealed substantial carbon losses: UG declined by 17.1% (19,695 Mg C), KNUST by 29.5% (20,063 Mg C), and UCC by 7.9% (3292 Mg C), due to tree cover conversion to built areas. Scenario modeling demonstrated that infrastructure-focused development would cause additional losses of 4211–6891 Mg C, while extensive tree expansion could increase storage by 1686–5227 Mg C. Economic analysis showed tree expansion generating positive net present values ($1612–$5070), while infrastructure development imposed costs (−$4028 to −$6684). These findings provide quantitative evidence for sustainable campus planning prioritizing carbon conservation in tropical institutional landscapes. Full article