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Chapter 5 - Economic analysis of the wind energy generation: overview and current perspectives

The energy transition toward low-carbon sources necessarily involves the integration of large-scale electricity generation from renewable resources. Due to land area restrictions, several countries will face limitations to their solar photovoltaic energy generation potential. In this way, wind energy will gain more relevance. As large-scale wind generation projects involve high complexity and capital cost, the economic analysis of these investments becomes fundamental. This study provides state-of-the-art in the literature on the economic feasibility of wind energy generation through a systematic literature review. In particular, this chapter evidences the growing interest in evaluating the technical-economic viability of wind power generation systems and highlights that, in recent years, research involving investment in offshore wind energy has gained prominence. Within the analyzed articles, there was a concentration of interest in China, Turkey, the United Kingdom, Spain, the United States, Iran, and Brazil, opening up a wide range of study opportunities to assess the economic viability of wind power generation in other locations. Furthermore, international collaborative research is still not widespread and should be encouraged. The mathematical modeling of financial responses and the quality and reliability of the network and its optimization in multiobjective models emerges as a possible point to be further explored in the literature that involves the economic analysis of the generation of wind energy. Finally, some relevant economic parameters such as net present value, (NPV),internal rate of return, weighted average capital cost, and capital asset pricing model do not appear among the most relevant terms in the analyzed sample, which may indicate a gap in the literature to be explored.

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Chapter 2 - Solar-operated vapor absorption cooling system

Space cooling is one of the highest energy-consuming areas in the world. A vapor absorption cooling system (VACS) runs on heat energy. This heat energy can be gained from solar energy, geothermal, waste heat from any power plant, natural oils, fuels, etc. Also, it operates with natural working pairs that seem to be economical and eco-friendly space-cooling technology. As the requirement of space cooling is directly proportional to solar heat, if space cooling can be operated by solar heat then it will be the best supply and demand matching. However, this system has several research challenges such as lower performance, bulkier size, and cost in comparison to the vapor compression cooling system. The objective of the present research is to identify the various factors influencing the performance of solar-operated vapor absorption cooling systems. Also, the present book chapter is a review of existing literature based on the thermodynamic performance of VACS under water-based pairs. Moreover, the systems have been categorized and inferred on the following vital factors: (1) cascading effects, (2) salt mixtures, (3) parameter selection, and (4) generator temperature as the critical parameters in solar collector selection. These factors give complete prior insight for further research in enhancing the performance of VACS. Optimal outcomes from each configuration of VACS are described. The effect of generator temperature has also been discussed, along with their corresponding coefficient of performance and exergy coefficient of performance levels. These data can be used to choose acceptable operating parameters and design conditions for an established solar collector or to choose a suitable solar collector for different configurations of VACS.

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Chapter 13 - The Methodological approaches to investigate the impact of financial development on renewable energy consumption

A growing body of literature is focused on analyzing the eventual contribution of financial development to renewable energy consumption. These studies have commonly used one or few proxies of financial development such as broad money (% of GDP) or domestic credit provided by the financial sector (% of GDP). Nevertheless, given the complex, multidimensional nature of financial development, these proxies may only serve as a rough estimate and do not fully capture all aspects of financial development. In addition, these studies have found different results, indicating possible misleading conclusions in analyzing this kind of relationship. Particular attention should thus be given to the choice of the measurement method of financial development. Accordingly, this chapter aims first to give a global overview of the methodological framework to investigate the contribution of financial development to renewable energy consumption by presenting the different possible measurement methods of financial development. Second, an alternative procedure is suggested, based on the use of the Financial Development Index proposed by the International Monetary Fund, which aggregates a large number of financial indicators. In addition, a second-generation panel econometrics estimation technique is suggested, which takes into consideration the eventual cross-sectional dependence between panels. This recommended procedure is supposed to lead to more accurate results. Empirical validation for the case of lower-middle-income countries reveals that there is no evidence of causal relationships in both directions.

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Chapter 4 - Carbon nitrides and titanium dioxide-based photocatalysis outlook and challenges: an overview of hydrogen production, transport, storage, safety, and principles

Carbon neutrality and net zero emissions are the focal points of the discussion within public and private institutions. In this context, renewables are bound to become the fuel for the next generation of energy, mobility, and urban technologies. Since the start of the energy transition, a few key technologies have risen as promising, sustainable, and scalable alternatives. The use of photocatalysis for hydrogen production is among the technological tools better equipped for the large scale. Its core feature and strength is its simplicity. Photocatalysis uses water as its only substrate, mimicking the process of natural photosynthesis. But unlike its natural counterpart, photosynthesis, this artificial process requires a versatile catalyst and an energy input to initiate the charge transfer and fuel the two half-reactions that will split water into oxygen and hydrogen. To date, no bare material has been described to undergo the efficient chain of activation steps. For that reason, different carbon nitrides and titanium oxides have been selected and presented in this book chapter to showcase the potential of this fast-moving field to enhance hydrogen photoproduction while surpassing semiconductor limitations. Further research is needed to achieve the desired technological transfer and scale-up in terms of synthetic protocols and reactor design. Leveraging artificial intelligence for the rational design of single-atom catalysts may be the key to overcoming the current limitations.

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Chapter 12 - Sustainability policies and regulations for renewable energy development in Taiwan

This chapter reported an overview of renewable energy (RE) development in Taiwan over the two past decades and its relevant sustainable development policies. First, the background about the Taiwan's energy environment indicators and RE power was presented. The updated statistics of energy/electricity supply, energy/electricity consumption, RE power, and greenhouse gas emissions in Taiwan were obtained from the national reports and/or official websites. Subsequently, the sustainability policies for promoting RE power in Taiwan and “Taiwan's Pathway to Net-Zero Emissions in 2050” were addressed to be in response to the international trends and national situations. Under the authorization of the Renewable Energy Development Act since 2009, the regulatory incentives for promoting RE power in Taiwan were summarized to echo its significant progress. In this regard, the feed-in tariffs scheme played a determining role in the development of RE power generation. For instance, the electricity generation by solar photovoltaic (PV) power indicated a soaring growth, increasing from 9.1 GWh in 2009 to 7920.3GWh in 2021. Correspondingly, the total installed capacity of solar PV power showed an amazing increase from 10.0 MW in 2009 to 7700.0 MW in 2021. Based on the results of trend analysis, the promotion objectives for more than 27GW of RE power by 2025 may be prospective.

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