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Climate and economic policy are closely correlated with energy consumption. This study investigates the bi-directional causality between renewable (REC) and non-renewable energy consumption (NEC) and policy uncertainties. The time-varying bootstrap rolling window causality test considers structural changes and parameter instability. The results show that the causality between REC and climate policy uncertainty (CPU) is both negative and positive, which mainly stems from the attitudes of authorities towards climate change. If the Administration is positive for climate change mitigation, the correlation between REC and CPU is positive; otherwise, it is negative. The nexus between NEC and CPU is mainly positive, except during global financial crisis periods. This reflects that climate policies are affected by financial crises due to financial constraints. For comparison, we further analyse the dynamic correlation between energy consumption and economic policy uncertainty (EPU). EPU has a significant negative impact on REC in most subperiods, while it has a positive impact on NEC. This can be explained by the fact that non-renewable energy is cheap and convenient to use during economic downturns. Moreover, crude oil has strategic reserve value, especially in the turmoil periods. Regarding policy implications, harmonious and coherent climate and economic policies are important for energy transition. [ABSTRACT FROM AUTHOR]

The motivation of this study stems from the United Nations Sustainable Development Goals on clean and responsible energy consumption, climate change mitigation and sustainable economic growth (UN-SDGs-7, 11, 12 and 13). The present study examines the impact of institutional quality on CO 2 emissions in the presence of the Environmental Kuznets Curve (EKC) framework using data on CO 2 emissions and the six dimensions of institutional quality from the World Governance Indicators (WGI). The current study focuses on selected 30 Sub-Saharan African (SSA) countries over the annual period from 2000 to 2021. The EKC hypothesis revealed CO 2 emissions are substantially reduced by corruption control, regulatory quality, and the rule of law. Findings from the Dumitrescu and Hurlin causality test showed a one-way causality running from CO 2 emissions to industrialization. Similar uni-directional causality is observed between economic growth, and energy consumption. On the other hand, we observed a two-way causality flow from CO 2 emissions to population growth and all indices of institutional quality over the investigated period. These findings indicate that government agencies should efficiently implement acceptable strategies for pollution control and enact public benefit environmental regulations in the form of a healthier climate for the entire population. • We examined the impact of institutional quality on CO 2 emissions in the presence of the Environmental Kuznets Curve (EKC) framework. • 30 Sub-Saharan Africa (SSA) countries are selected for empirical investigation. • We reveal that CO 2 emissions are substantially reduced by corruption control, regulatory quality, and the rule of law. • Meanwhile, one-way causality runs from CO 2 emissions to industrialization. • A two-way causality flow from CO 2 emissions to population growth and all indices of institutional quality are reported. [ABSTRACT FROM AUTHOR]

Woody biomass energy makes up a large share of renewable energy consumption in the EU, and the largest share in countries like Denmark. However, little is known about how the public perceive it. This paper presents the results of a questionnaire-based survey of the public in Denmark focusing on attitudes toward woody biomass for energy. The main findings are that, while more people favor than oppose it, a large proportion are undecided about the use of woody biomass. The survey also revealed a lack of knowledge about this energy source. A Best-Worst Scaling methodology revealed that Danes prioritize environmental sustainability concerns – namely biodiversity loss, the hindering of the development of other renewable energy sources and the climate change mitigation potential of woody biomass – over societal and/or economic ones when it comes to the promotion of woody biomass. Finally, it was found that concern about climate change, belief in the mitigation potential of woody biomass, and being younger explained the formation of positive attitudes toward woody biomass. Policy makers aiming to take public concerns into account in discussions about Denmark's energy future should focus more on minimizing the negative environmental impacts associated with woody biomass rather than on its economic benefits. [Display omitted] [ABSTRACT FROM AUTHOR]

This study aims to unveil the heterogeneous impacts of import product diversification and institutional factors for achieving energy efficiency in Organization for Economic Co-operation and Development (OECD) countries. In doing so, the study employs robust econometric techniques such as Fully modified ordinary least squares (FMOLS) co-integration, pooled Ordinary Least Squares (OLS), Feasible Generalized Least Squares (FGLS), pool mean group regressions, fixed effects, and random effects for panel data from 1990 to 2015 for selected OECD countries. The detailed empirical outcomes suggest that import product diversification is conducive to reducing the energy and carbon intensity (improvement in energy efficiency) in OECD countries. The empirical conclusions provide various guidelines to achieve cleaner and greener growth and align with various Sustainable Development Goals (SDG 7: Affordable and clean energy, SDG 9: Industry, innovation, and infrastructure, and SDG 13: Climate action) of OECD countries. The paper elaborates fruitful policy suggestions regarding the diversification of imports and energy use-carbon emission-nexus for the OECD member nations. Based on the findings, policymakers and environmental scientists should strengthen the trade-energy and import portfolio policies to attain energy efficiency. [ABSTRACT FROM AUTHOR]

Demand for electricity is expected to increase significantly in the coming decades, one reason being the ongoing decarbonization process of the power and the transportation sectors, in an effort to reduce greenhouse gas emissions and thus alleviate climate change. Photovoltaics that harvest solar energy, coupled with energy storage systems are addressing these challenges effectively. In the current study, the simulated energy winnings from typical photovoltaic-battery (PV-BAT) configurations were economically evaluated, under equal technical and site-specific meteorological conditions. Furthermore, their capital, replacement, operation, and maintenance costs were inquired and the average unit cost of electricity per kWh was estimated based on specific energy cost estimation methods and a Monte-Carlo analysis addressing uncertain meteorological risk factors. The cost of electrical energy production in Greece was examined for six scenarios with varying battery technologies and module topologies. Calculated costs ranged from 0.17 to 0.24 €/kWh indicating a significant downward trend in the unit cost of electricity generated by PV-BAT systems. These findings indicate the need for further investigation into how the integration and utilization of such systems can be optimized. The proposed methodology is developed in line with the circular economy action plan which requires increased system efficiency, storage and renewable energy use. • Techno-economic assessment of six different PV-Battery scenarios. • A methodology was developed in line with the circular economy action plan. • Meteorological conditions used as risk factors, affecting energy generation. • Low Price-performance ratio for PV systems backed by lithium-ion batteries. • LCOE for all examined scenarios ranged from 0.17 to 0.24 €/kWh. [ABSTRACT FROM AUTHOR]

Whether an enormous untapped hydropower resource should be utilized domestically by heavily electrifying energy end-uses or should be exported to neighboring countries is often debated in Nepal. This study attempts to bring both policy options together and justifies with evidence the need to integrate end-use electrification and cross-border electricity trade policies in the energy transformation of Nepal. We found out that Nepal will continue to import electricity till 2027 to meet its electricity demand throughout the year though it has already started exporting its surplus electricity during the wet season because of the full availability of run-of-river type hydropower. The run-of-river will continue to dominate Nepal's least-cost generation mix with a two-thirds share resulting in considerable surplus electricity during the high-flow season. Such surplus will exceed one-third of its total energy generation capacity in long-run in all end-use electrification scenarios (low to high). Nepal can use its existing cross-border electricity trade mechanism to sell its surplus electricity and can generate revenue of 67 billion USD in the high electrification scenario, which, combined with savings from fossil fuel import savings, can provide 85 % of total electricity generation investment needs. [ABSTRACT FROM AUTHOR]

To mitigate climate change, many studies have been conducted to identify the determinants of CO 2 emissions. However, a consensus has not been reached yet on the issue because past work has often not considered the unobserved individual heterogeneity across countries. Therefore, this study revisits the environment-energy-growth nexus by employing a panel quantile regression to incorporate the effects of renewable energy consumption and technological innovation within the research background of global 30 countries over the period 1980–2014. The advantage of this method is considering the distributional heterogeneity to provide a detailed description of linkage between the CO 2 emissions and driving factors at different emissions levels. The results show that the effects of determinants on CO 2 emissions are heterogeneous. For high-emissions countries, the function of renewable energy consumption is limited in reducing CO 2 emissions due to the smaller proportion of renewable energy use. Moreover, technological innovation greatly affects countries with relatively higher CO 2 emissions. Therefore, one option is to financially support and apply technological innovations to generate renewable energy at lower costs as well as increase energy efficiency. Moreover, transforming the economic growth mode is helpful to transfer from non-renewable to renewable sources of energy to meet energy demand. [ABSTRACT FROM AUTHOR]