During the energy crisis in 2022, electricity prices in Germany soared to unprecedented levels. To explore the drivers of the high electricity prices, we develop an electricity dispatch model that simulates hourly equilibrium prices under the assumption of perfect competition. We then extend...

This study uses a structural vector autoregressive (SVAR) model to examine the relationships between the intensity of drilling (i.e. investment) for natural gas production, natural gas withdrawals, economic activity and natural gas prices in the United States. The results show that the reaction...

We explore how optimal emission abatement trajectories are affected by dynamic characteristics of greenhouse-gas emitting systems, such as inertia, induced innovation, and pathdependency, by formulating a compact and analytically tractable model with stylized damage assumptions to derive the...

A broad literature highlights efficiency gains due to cost reduction after privatizations in the energysector. However, to the best of our knowledge, this literature does not develop general equilibriummodels, which are fundamental to account for post-privatization gains from a regional...

The Asian disease problem has long been studied since first introduced by Tversky and Kahneman in 1981. This study explores the mechanics of the Asian disease problem to a scenario reflecting deaths attributed to climate change. The study examines the gain/loss frame setup of the Asian disease...

The global energy landscape is undergoing a major transformation, upending decades of economic thinking built around resource scarcity. Unlike fossil fuels – continuously extracted from finite, geographically fixed deposits – renewable energy revolves around manufacturing technology that...

Circular Economy and Sustainability Management -- Renewable and Green Energy -- Energy Policy, Economics and Management. Economics, Finance and Marketing in Energy -- Simulation Energy Efficiency and Zero-Carbon Energy -- Strategic Environmental Assessment -- Sustainable Energy Solutions and...

In face of increased efforts to mitigate climate change, biofuels may be included in reduction plans forgreenhouse gas emissions. Feedstock for first generation biofuels and food crops both use arable land andmay compete for it. Also, fuel is an input for the production and transport of food....

During the energy crisis in 2022, electricity prices in Germany soared to unprecedented levels. To explore the drivers of the high electricity prices, we develop an electricity dispatch model that simulates hourly equilibrium prices under the assumption of perfect competition. We then extend...

The increase in production is of great importance for economic growth. Energy is an irreparable input for economic growth. Besides, the basic routine activities of human beings, such as transportation, cooking, and heating, cannot be managed without energy. However, in countries that produce...

In the conditions of modern business environment of energy companies, studies of their impact on environmental protection are becoming increasingly important. The growing concern at the macro level of the resulting climate change due to energy production is justified. The ecological component in...

Energy-outlook from past to future specific years has become essential in energy-economy. Malaysia is a member of ASEAN (Association of South-east Asian Nations), and ASEAN is increasing the use of renewable energy by 2050 to reduce carbon dioxide (CO2) emissions. Coal is Malaysia's primary...

Climate change is driving the need for new approaches to energy production and utilization globally, contributing to the mitigation of greenhouse gas (GHG) emissions. Low-emission hydrogen is recognized as a key energy vector for decarbonization, and numerous countries are currently evaluating...

With the rapid expansion of Artificial Intelligence, there are expectations for a proportional expansion of economic activity due to increased productivity, and with it energy consumption and its associated environmental consequences like carbon dioxide emissions. Here, we combine data on...

The energy sector is critical to economic growth and development, and the everchanging world order requires a new review of past and current trends in this area. This paper focuses on the members of the Organization of Turkic States (OTS) that share a common history, similar cultural and...

Recent worldwide growing awareness of the global climate changes stressed the importance of developing and supporting the renewable energy sources (RES). However, the public support for RES varies across various countries and regions, especially those abundant in traditional fossil fuels. This...

In this paper we address the problem of policy coordination in the electricity sector when the supply side is subject to a carbon constraint. We specifically evaluate the link between retail electricity pricing and GHG emissions reduction. Moreover, we incorporate in the analysis both the...

The article discusses the ongoing green transition towards climate neutrality in 2050 with a focus on the options of green growth, zero- or de-growth. First, the key facts about the greenhouse effect and the status quo are shown with special attention to the industrialisation of emerging...

Much of energy economics curricula involves the study of techno-economic aspects of energy systems with an increasing focus devoted to fostering an understanding of the interactions between innovative technologies and adaptive markets. As the interplay of these dynamics and their impacts on...

This study uses a structural vector autoregressive (SVAR) model to examine the relationships between the intensity of drilling (i.e. investment) for natural gas production, natural gas withdrawals, economic activity and natural gas prices in the United States. The results show that the reaction...

The energy and climate crisis enhance the need for energy savings. In the building sector, these savings can be achieved primarily through thermal retrofitting. So far, progress in this area has been slow. To date, less than one percent of the residential building stock in Germany is retrofitted...

We explore how optimal emission abatement trajectories are affected by dynamic characteristics of greenhouse-gas emitting systems, such as inertia, induced innovation, and pathdependency, by formulating a compact and analytically tractable model with stylized damage assumptions to derive the...

The European plan for a green transition includes the Fit for 55 package, designed to pave the way for climate neutrality. Despite its significant implications for cleaner technologies, it potentially correlates with high investment requirements, necessitating the pursuit of cost-effective...

We consider linked top-down and bottom-up models in which the top-down model is a mixed-complementarity program describing a macroeconomic system, while the bottom-up model is a linear program describing the energy system. We introduce a coordination algorithm that speeds up convergence for the...

The energy and climate crisis enhance the need for energy savings. In the building sector, these savings can be achieved primarily through thermal retrofitting. So far, progress in this area has been slow. To date, less than one percent of the residential building stock in Germany is retrofitted...

Colombia is committed to reducing its greenhouse gas (GHG) emissions by 51 % by 2030 as part of the Paris Agreement, with a further goal of achieving carbon neutrality by 2050. The energy sector accounts for one-third of net GHG emissions in the country; thus, its decarbonization is crucial to...