This paper identifies electricity supply shocks by exploiting the fact that variations in wind speed at turbine locations are exogenous with respect to macroeconomic outcomes and drive electricity prices in European wholesale markets inframarginally. Instrumenting electricity price changes with...

Dynamic social norms have been recognized as a promising approach to promote energy sufficiency. By highlighting trends and future shifts rather than current states, dynamic norms allow for a better focus on emerging norms that are not widely adopted. While existing studies predominantly examine...

Mini-grids are emerging as a key solution to electrify access-deficit communities, yet their effectiveness in improving energy access and household welfare remains underexplored. This paper provides novel evidence from Tanzania, where a policy reform doubled the number of mini-grids since 2008....

Energy security risks and private sector development are inherently intertwined and serve as pivotal determinants in shaping the evolutionary trajectory of the renewable energy (RE) industry, especially in emerging economies, where the transition to sustainable energy constitutes a critical...

As electricity systems undergo rapid decentralization and decarbonization, ensuring resilience to increasingly complex and high-impact disruptions has become a strategic imperative. However, current approaches to resilience measurement remain fragmented, inconsistent, and poorly aligned with the...

Limiting global warming to 1.5°C requires immediate action. Although allowable global greenhouse gas emissions are well-defined, translating these targets into actionable strategies at the company-level remains challenging. This study addresses critical gaps in understanding transition cost...

According to the International Energy Agency, energy security means that energy sources are always available at an affordable price. However, the 2021 and 2022 energy crises and the current global situation raise concerns about energy availability and affordability. As countries, especially...

This study examines the economic and environmental impacts of fossil fuel subsidies in the European Union (EU) during the energy crisis triggered by the 2022 Ukraine war, focusing on their implications for corporate performance and sustainability. Using a panel dataset of 100 publicly listed...

Energy-sector challenges have shaped international relations since early history, making energy a key component of geopolitics. Understanding current global and regional energy and economic trends is therefore essential. Armenia, like many European Union countries, faces significant challenges...

This paper identifies electricity supply shocks by exploiting the fact that variations in wind speed at turbine locations are exogenous with respect to macroeconomic outcomes and drive electricity prices in European wholesale markets inframarginally. Instrumenting electricity price changes with...

Ghana's energy transition illustrates the broader challenge of integrating renewable energy into fossil fuel-dependent economies. Despite successive policy commitments, the country has consistently prioritised fossil fuels and, more recently, nuclear power over new sources of renewable energy...

A central challenge in the global transition to cleaner energy is how governments can design policies that deliver large social benefits while facing trade-offs in energy security, fiscal costs, and household adoption frictions. We study this question in urban Nepal, where cooking is dominated...

Rural electrification plays a crucial role in improving the socioeconomic conditions of underserved communities by enabling extended productive hours, enhancing access to education, and empowering women. However, conventional grid extension is often economically unfeasible for remote areas due...

Economic sanctions have emerged as critical instruments of geopolitical strategy, with significant ramifications for global energy markets, innovation trajectories, and the transition to sustainable energy systems. This study offers a qualitative synthesis of literature and case studies spanning...

Energy poverty describes a condition of energy-related social deprivation, usually associated with inadequate access to energy services, unfulfilled basic energy needs, or excessive payment for energy. Despite substantial progress in the research, a significant theoretical divergence still...

Iran's energy sector is characterized by its significant reserves, market dynamics, economic challenges, and political and global impacts. This paper employs an integrated, scenario-based robust planning approach to address Iran's energy imbalance, which manifests as excess demand or...

Aspiring to become the "Battery of Southeast Asia," the Lao People's Democratic Republic (Lao PDR) has rapidly expanded its electricity generation capacity to export power to neighbouring countries. However, this expansion introduces several long-term risks, including over-capacity, rising...

This study investigates the impact of financial development (FD) on energy security risk (ESR) in 48 Belt and Road Initiative (BRI) countries from 1948 to 2022, emphasizing the roles of human capital (HC) and institutional quality (IQ). Findings reveal that FD significantly influences ESR, with...

Natural gas is a crucial element of energy supply in Great Britain (GB). The vast majority of GB gas consumption occurs in three main sectors: industry, Local Distribution Zone (residential, commercial, and services), and power generation. While there are strong seasonal patterns of demand...

We study the aggregate, distributional, and welfare effects of fiscal policy responses to Germany's energy crisis arising in 2022 using a novel ten-agent new Keynesian (TENK) model. The crisis, compounded by the COVID-19 pandemic, led to sharp price increases and significant consumption...

The year 2023 was marked by inflation and recession. Austria again emitted significantly less greenhouse gases than in the previous year (–6.6 percent), and energy consumption also declined (–2.5 percent). This development was partly due to the economic downturn and, in addition, due to...

The Oil and Gas (O&G) sector is essential to the global energy supply, yet it still struggles with inefficiencies caused by conventional, paper-driven decision-making processes in its supply chain. This study aims to assess the integration of blockchain technology as a strategic solution to...

This paper examines the role of populist narratives in local resistance to renewable energy projects in Germany. Using survey data and seven case studies of wind energy and grid expansion projects across diverse geographical and socio-economic contexts, the study analyzes the arguments and...

Embedded storage capacity in South Africa has rapidly increased between 2022 and 2024 as residential consumers and telecommunication companies installed storage to mitigate the impact of frequent interruptions to the electricity supply. These interruptions, caused by unreliable generation...

Developing low-carbon and efficient power systems is critical for energy security in the global warming context. We address this issue by focusing on the productivity impact of a decarbonization policy in China's thermal power sector-namely, the "Constructing Large Units and Restricting Small...

There is an extensive body of energy poverty literature in the European context, and the literature is increasing at a fast pace. This is due to increased awareness of the problem, as well as societal developments such as the energy transition and recent geopolitical instabilities. However, the...

With the rapid advancement of intelligent railway systems, the demand for sustainable and distributed power supply for the increasing number of monitoring sensors has become a pressing issue. Piezoelectric energy harvesting, which converts the abundant mechanical vibrations generated in...

The COVID-19 pandemic and Russia's invasion of Ukraine have complicated macroeconomic forecasting and policymaking due to unprecedented disruptions in supply chains and energy markets, suggesting a new macroeconomic regime. However, we are unable to reject the null hypothesis of no structural...

Emissions are emitted throughout the energy supply chain. In demand sector, transitioning from fossil fuel-based vehicles to Electric Vehicles (EVs) is a key step. However, the growth of EVs will lead to higher emissions if, in supply sector, the energy sources rely mainly on Non-Renewable...