Economically Research Articles

Broaden sustainable design and optimization of decarbonized campus Energy systems with scope 3 emissions accounting and social ramification analysis

A holistic approach that considers economic, environmental, and social dimensions is crucial for informed and responsible decision-making in energy system decarbonization. Integrating techno-economic, environmental, and social perspectives, we propose a multi-objective optimization framework for the sustainable design of decarbonized campus energy systems, resonating with the tri-fold principles of Corporate Social Responsibility. This comprehensive approach reveals the techno-economic intricacies inherent in adopting renewable solutions to accommodate cooling, heat, and power demand on university campuses. Our proposed model endeavors to minimize both total annualized costs and the broader spectrum of emissions (Scope 1, 2, and 3) in pursuit of environmental justice. Meanwhile, by merging life cycle assessment (LCA) with economic input-output analysis based on established social LCA databases, we can gauge the potential social impacts associated with these sustainability initiatives. The results serve as a roadmap for designing and operating truly sustainable campus energy systems, pinpointing environmental concerns, suggesting remedial strategies, and spotlighting the resultant social consequences. To showcase the tangible applicability of this holistic modeling framework, we have used real-world data from the main campus of Cornell University, Ithaca, New York State, to develop a case study. Our results show that with a plentiful biogas supply, it is possible to reduce yearly GHG emissions by more than 70%. Even when procurement emissions are left out, Scope 3 emissions still represent 69–82% of the total GHG emissions, dominated by the transportation sector. Turning to sustainable transport options, such as electric vehicles (EVs), can markedly lower these figures. On the socio-economic front, ramping up geothermal drilling could intensify negative social consequences, such as risk of forced labor, conflicts, accidents, and natural disasters, by 29%. These are primarily due to safety issues and the labor demands of earth source heat site preparation, encompassing risks such as forced labor and accidents. As the push for energy decarbonization grows stronger, it is imperative to weigh these downsides against the broader social benefits.

Economic benefit analysis of scene transformation of business model-taking Suning.cn as an example

With the rapid development of the new economy promoted by the new generation of technological revolution, new scenes, new formats and new models have become the direction and path of China's economic transformation and upgrading. For the retail industry, which is significantly affected by the impact of the Internet, scene transformation is the hottest and most powerful straw to reverse the current difficulties. This paper takes Suning.cn as the target case company to study the economic benefits brought by its scene transformation. Firstly, it points out the dilemma faced by the retail industry at present, and analyzes and explains the concept of scene with other experts' theories. Secondly, the scene layout of Suning is sorted out and compared with that of Sichuan Changhong in terms of profitability, operation ability and development ability. Finally, from the financial perspective, it summarizes the economic benefits brought by the scene transformation to Suning.

Unequal exposure: An inclusive approach to teaching environmental justice

Environmental justice issues have been absent or downplayed in most environmental economics textbooks and classes. This omission is a lost opportunity to teach and extend core economic concepts while attracting a diverse set of students. In this article, the authors share different perspectives and teaching materials to introduce an environmental justice module into an environmental economics course. Their approach combines traditional economic concepts and methods with case studies and insights from other disciplines. This approach is proposed in the hope of advancing two goals. First, the approach aims to create a module accessible and appealing to a broader set of students than is traditionally represented in the economics discipline. Second, the materials help convey the relevance of economic ideas and analysis to real-world issues.

Revealing the delithiation process of spent LiMn2O4 and LiNi0.6Co0.2Mn0.2O2 batteries during the biomass-assisted gasthermal and carbothermal reduction

The utilization of biomass-assisted pyrolysis in the recycling of spent lithium-ion batteries has emerged as a promising and reliable process. This article furnishes theoretical underpinnings and analytical insights into this method, showcasing sawdust pyrolysis reduction as an efficient means to recycle spent LiMn2O4 and LiNi0.6Co0.2Mn0.2O2 batteries. Through advanced thermogravimetry-gas chromatography-mass spectrometry analysis complemented by traditional thermodynamic demonstration, the synergistic effects of biomass pyrolysis reduction are elucidated, with minor autodecomposition and major carbothermal and gasthermal reduction pathways identified. The controlled manipulation of transition metals has demonstrated the capability to modulate surface pyrolysis gas catalytic reactions and facilitate the preparation of composite materials with diverse morphologies. Optimization of process conditions has culminated in recovery efficiency exceeding 99.0 % for LiMn2O4 and 99.5 % for LiNi0.6Co0.2Mn0.2O2. Economic and environmental analyses underscore the advantages of biomass reduction and recycling for these two types of spent LIBs: low energy consumption, environmental compatibility, and high economic viability.

Asymmetrical, symmetrical and artifactual man: group size and cooperation in James Buchanan’s constitutional economics

Abstract Economics is frequently criticised for relying on a narrow and limited view of human beings. This may be particularly true of economic analyses of non-market decisions in which individuals often appear reduced to self-interested automata who maximise a given objective function. In this article, we show that the approach of one of the founders of public choice and constitutional political economy, James Buchanan, contradicts this view. Even though he assumed individuals were rational and self-interested, Buchanan nevertheless had a sophisticated view of human nature. He distinguished between a natural and artifactual man, but also between (what we term) symmetrical and asymmetrical man. This is not only important to demonstrate the richness of the ontology of an influential economist, but also because, we also show, Buchanan’s public choice and constitutional economics cannot be understood without a reference to this ontology.

Economic analysis of crop protection strategies: comparing the value of increased fungicide inputs and crop genetic improvement in managing Ascochyta blight in Australian chickpeas.

Genetic improvement of crop varieties requires significant investment. Therefore, varieties must be developed to suit a broad range of breeding targets, such as yield and suitability to rainfall zones, farm management practices and quality traits. In the case of breeding for disease resistance, breeders need to consider the value of genetic improvement relative to other disease management strategies and the dynamics of pathogen genetic and phenotypic diversity. This study uses a benefit-cost analysis framework to assess the economic value of fungicide management and crop genetic improvement in disease resistance for Australian chickpea varieties. When assessing the likelihood of growers switching to new crop varieties with improved genetic resistance to disease, the simulation results reveal that adopting these varieties yielded higher net benefit values compared to implementing current fungicide strategies across all rainfall zones. On average, the increase in net benefit varied between 2.6% and 3.5%. Conversely, when we examined the scenario involving modifying the current fungicide strategy, we observed that, on average, switching from the current fungicide management strategy to one which involved additional fungicides was beneficial in about 73% of the cases. Our analysis reveals the importance of factors such as commodity prices, production costs, disease-related variables and risk aversion in determining the economic benefits of adopting new crop protection strategies. Furthermore, the research reveals the need for accessible information and reliable data sources when evaluating the benefits of new agricultural technologies. This would assist growers in making informed and sustainable disease management decisions. © 2024 The Author(s). Pest Management Science published by John Wiley & Sons Ltd on behalf of Society of Chemical Industry.

Use of Chipless Radio Frequency Identification Technology for Smart Food Packaging: An Economic Analysis for an Australian Seafood Industry

Effective monitoring of perishable food products has become increasingly important for ensuring quality, enabling smart packaging to be a key consideration for food companies. Among the promising technologies available for transforming packaging into intelligent packaging, chipless radio frequency identification (RFID) sensors stand out. Despite the high initial implementation costs associated with chipless RFID technology, the potential benefits could outweigh the costs if electrical challenges can be overcome. We examine various economic methods to analyze the economic benefits of chipless RFID technology, evaluating the benefits of using this technology for the quality monitoring of seafood products of an Australian seafood producer, Tassal. The analysis considers three primary business drivers, viz. quality monitoring, operational efficiency, and tracking and tracing, using net present value and return on investment as the key indicators to assess the feasibility of implementing the technology. Based on sensitivity analysis, we suggest chipless RFID technology is currently best suited for large firms facing significant quality monitoring and operational efficiency challenges. However, as the cost of chipless RFID sensors decreases with further development, this technology may become a more viable option for small businesses in the future.

Sustainable syngas production: Economic and circular economy benefits of PET waste gasification

This paper promotes awareness of the circular economy as a superior waste disposal system alternative. The novelty of this study is to model cleaner energy generation from the gasification of polyethene terephthalate (PET) waste accompanied by a detailed analysis on the economic feasibility. In the approximate analysis of PET, the percentage values for Ash and hydrogen were low (0 and 4.21, respectively). This parameter significantly impacted the Ash and hydrogen contents of the output gas, as it directly influenced the PET feedstock to a more excellent heating value (23.34 MJ/kg) and lower heating value (10.63 MJ/kg). Temperature and pressure are treated as free variables throughout each block during the gasification procedures. A sensitivity study revealed that the PET moisture content has no significant effect on the product composition. The economic analysis indicated that the gasification process could be economically viable. The economic analysis of the process considered the comprehensive evaluation of the plant’s financial aspects. The economic evaluation indicated that the facility would reach the break-even point by the end of its third year of operation, demonstrating its economic viability, with an NPV of £77,574,506.37 and an ROI of 40.1% for the suggested 25-year operational period of the facility.

Challenges and Responses to International Investment Rule-making

The world economic pattern is experiencing a great change that has not been seen in a hundred years, and the construction and adjustment of the international investment rules system is an important manifestation of the multipolarity of the world economy, which plays an important role in promoting the healthy development of the investment pattern. However, in the process of development, the international investment treaty rule system is facing many difficulties, such as "fragmentation", too many bilateral investment treaties, intensified conflicts between developed and developing countries, and unsound dispute settlement institutions, etc. In this regard, the establishment of a "de-fragmented" international investment treaty rule system is a major challenge. For this reason, it is important to establish a "de-fragmentation" mechanism, reform the investment dispute settlement bodies and enhance the influence of developing countries, with a view to promoting the liberalisation and facilitation of international investment and improving the international investment treaty rules system.

Energy efficiency and indoor thermal comfort of railway carriages: Development of an innovative passenger-centric-control framework for HVAC systems

The railway sector's energy impact is increasing, and this trend is expected to persist over the next decade. Particularly, the energy consumption of Heating Ventilation, and Air Conditioning (HVAC) systems is significant among various services provided on board (30 % of total energy requirements) due to the rising attention to passengers' thermal comfort. In this framework, this research proposes an innovative method for enhancing indoor thermal comfort while also studying the associated energy consequences. It consists of an advanced passenger-centric-control framework for HVAC systems that prioritizes comfort, utilising optimized indoor air setpoints, which surpasses the rule-based control logic proposed by the existing standards. To analyse the proposed control framework, a novel mathematical model for the energy, economic, and environmental performance analyses of train HVAC systems, which can incorporate weather data associated with actual railway paths, is developed and validated. To prove the potential of the proposed method, a proof-of-concept analysis is conducted. In particular, for an existing railway coach operating in Italy, the standard and the innovative control logic are tested and compared. The results show an interesting thermal comfort hours increase (≃+1000 h) and energy savings (−27 % yearly), proving the benefits potentially achievable by adopting the proposed method.

Economic Analysis of Pea Farming in High Hills of Himachal Pradesh, India

Economic Analysis of Pea Farming in High Hills of Himachal Pradesh, India

Resource utilization of chemical excess sludge to produce metal–organic framework with outstanding Fenton-like performance for sulfamethoxazole removal

The safe disposal of excess sludge has emerged as a pressing concern due to its high toxicity, stemming from a diverse array of components such as viruses, heavy metals, and polycyclic aromatic hydrocarbons. Herein, this study explored the feasibility of using extracted Fe from the excess sludge to produce metal–organic frameworks (MOFs). Specifically, MIL-100 and MIL-88A were successfully synthesized by coordinating 1,3,5-benzene tricarboxylic acid and fumaric acid with excess sludge-retained iron under wide reaction conditions. The purity of the resulting MOFs was ascertained through elemental analysis. Moreover, the synthesized MOFs demonstrated outstanding electrocatalytic performance in the degradation of sulfamethoxazole (SMX). Compared to the control group without catalysts, the addition of MIL-100-170-6 (30 mg) led to a remarkable enhancement in SMX removal efficiency, increasing it to 99.9 % from 58.3 %. This enhancement was accompanied by a substantial increase in the corresponding kinetic constant (kobs) values, reaching 0.1137 min−1, representing an 8.1-fold improvement over the blank group. The catalytic mechanism was further evaluated via quenching experiments and electron paramagnetic resonance (EPR) spectroscopy, suggesting that the •OH and O2•− radicals were responsible for SMX degradation. Economic analysis of MOF materials preparation revealed that the use of excess sludge-retained Fe can significantly reduce the cost of MOFs. Thus, it is believed that our work provides a low-cost and sustainable approach for converting excess sludge into functional MOFs, which not merely facilitates the recycling of excess sludge-retained Fe, but also provides functional materials with outstanding performance for the degradation of SMX.

Review: The Economics Landscape for Building Decarbonization

As efforts to mitigate climate change become increasingly urgent, the need to address the environmental impact of the built environment has gained significant attention. Buildings, as major contributors to Greenhouse Gas (GHG) emissions, have a substantial embodied and operational carbon footprint resulting from their construction materials, practices, and lifetime operation. This paper examines the economic landscape of strategies and policies aimed at reducing the embodied and operational carbon footprint of buildings on a global scale, with specific case studies from various national contexts. It delves into various innovative approaches, including economic analysis techniques, market instruments, market demands, and the role of government incentives to reduce the carbon footprint of buildings. The study highlights the crucial role of government policies, financial incentives, and market forces in promoting sustainable practices and fostering the adoption of low-carbon alternatives. By shedding light on the economic dimensions of reducing the carbon footprint of buildings, this research aims to facilitate informed decision-making by policymakers, engineers, and other stakeholders, ultimately contributing to a more sustainable and climate-resilient built environment.

Performance of co-designed diversified Mediterranean cropping systems: Hybridizing stakeholders' knowledge and modelling data

Mediterranean cropping systems, characterised by continuous cereal cropping, are largely dependent on synthetic inputs, such as N fertilisers. On the other hand, they face difficult pedoclimatic conditions, exacerbated by climate change. Diversification is seen as a way to increase cropping systems resilience. The aim of this study was to co-design diversified cropping systems based on the expertise of local stakeholders and co-assess their performance, using modelling data. Our case study is the Ebro valley in Spain, a Mediterranean area with great potential for diversification, particularly where irrigation is available. Two workshops were organized to i) define the reference system in the study area and its limitations ii) co-design diversified systems to overcome these limitations and iii) co-assess reference and diversified systems. Between the two workshops, the STICS soil-crop model was calibrated with local experimental data, enabling to simulate the inter-annual (2000–2021) agronomic and environmental performance of the reference and diversified systems. An economic analysis was conducted. Stakeholders evaluated all economic, agronomic and environmental aspects. The reference system was a continuous winter cereal crop based on synthetic N fertilisation and intensive tillage. The four diversified co-designed systems consisted in introducing pea and/or rapeseed every 2 or 4 years, reducing tillage and partially replacing synthetic N fertilisation with locally sourced livestock manure. Simulation results showed that wheat and barley grain yields remained stable with diversification. Pea and rapeseed yields were lower in rotations where both were introduced compared to when each was the only break crop over 4 years. At the system level, protein yield remained stable with diversification, however, energy yield decreased by 20 % when break crops were introduced twice and by 10 % when introduced once. Gross margins improved with diversification only when pea was introduced once (12 %), mainly due to reduced expenses (-31 %), while incomes remained stable compared to RCS. However, incomes decreased by 5 % when rapeseed was introduced once, and by 10 % when both break crops were introduced. Unexpectedly, environmental performance deteriorated with diversification, with increased N losses through ammonia volatilisation and nitrate leaching in the years following pea and rapeseed cropping, due to greater N availability in the soil. An increased use of pesticides was predicted by the stakeholders in diversified systems, where the environmental impacts were exacerbated with the higher presence of break crops. The reference system presented slightly lower N availability and increased soil organic carbon storage. Overall, the approach proved useful in identifying a diversification strategy that improved agronomic and economic performance, with the system including pea once every four years being the most efficient. However, the environmental trade-offs associated with the increased presence of pea and rapeseed in the crop rotation must be considered in order to mitigate the environmental risks.

How feasible is it to mobilize $31 billion a year for pandemic preparedness and response? An economic growth modelling analysis

BackgroundCovid-19 has reinforced health and economic cases for investing in pandemic preparedness and response (PPR). The World Bank and World Health Organization (WHO) propose that low- and middle-income governments and donor countries should invest $31.1 billion each year for PPR. We analyse, based on the projected economic growth of countries between 2022 and 2027, how likely it is that low- and middle-income country governments and donors can mobilize the estimated funding.MethodsWe modelled trends in economic growth to project domestic health spending by low- and middle-income governments and official development assistance (ODA) by donors for years 2022 to 2027. We modelled two scenarios for countries and donors – a constant and an optimistic scenario. Under the constant scenario we assume that countries and donors continue to dedicate the same proportion of their health spending and ODA as a share of gross domestic product (GDP) and gross national income (GNI), respectively, as they did during baseline (the latest year for which data are available). In the optimistic scenario, we assume a yearly increase of 2.5% in health spending as a share of GDP for countries and ODA as a share of GNI for donors.FindingsOur analysis shows that low-income countries would need to invest on average 37%, lower-middle income countries 9%, and upper-middle income countries 1%, of their total health spending on PPR each year under the constant scenario to meet the World Bank WHO targets. Donors would need to allocate on average 8% of their total ODA across all sectors to PPR each year to meet their target.ConclusionsThe World Bank WHO targets for PPR will not be met unless low- and middle-income governments and donors spend a much higher share of their funding on PPR. Even under optimistic growth scenarios, low-income and lower-middle income countries will require increased support from global health donors. The donor target cannot be met using the yearly increase in ODA under any scenario. If the country and donor targets are not met, the highest-impact health security measures need to be prioritized for funding. Alternative sources of PPR financing could include global taxation (e.g., on financial transactions, carbon, or airline flights), cancelling debt, and addressing illicit financial flows. There is also a need for continued work on estimating current PPR costs and funding requirements in order to arrive at more enduring and reliable estimates.

A decade of liver transplantation in Mongolia: Economic insights and cost analysis

BackgroundMongolia introduced liver transplantation 10 years ago, becoming the 46th country globally to successfully perform this procedure. However, the cost of liver transplantation treatment remains expensive in Mongolia, a lower-middle-income country. Thus, the need to calculate the cost of liver transplants, a highly-valued treatment, forms the basis for this study.MethodsThis study employed a retrospective research design with secondary data. The primary dataset comprised 143 cases of liver transplantation performed at the First Central Hospital of Mongolia between 2011 and 2021.ResultsThe average cost of a liver transplant in Mongolia is $39,589 ± 10,308, with 79.6% being direct costs and 20.4% indirect costs. Of the direct costs, 71% were attributed to drugs, medical equipment, and supplies, while 8.6% accounted for salaries. In terms of the Model of End-Stage Liver Disease (MELD) scores, treatment costs were $39,205 ± 10,786 for patients with MELD ≤ 14 points, $40,296 ± 1,517 for patients with MELD 15–20 points, $39,352 ± 8,718 for patients with MELD 21–27 points, and $39,812 ± 9,954 for patients with MELD ≤ 28 points, with no statistically significant difference (P = 0.953). However, when calculated according to the Child-Turcotte-Pugh (CTP) score classification, treatment cost for CTP-A patients was $35,970 ± 6,879, for CTP-B patients $41,951 ± 12,195, and for CTP-C patients $37,396 ± 6,701, which was statistically significant (Р=0.015).ConclusionThe average cost of liver transplantation treatment in Mongolia was $39,589. Despite medical facilities’ capacity to treat up to 50 patients annually, the waiting list exceeds 300 individuals, highlighting significant unmet healthcare needs.

Sustainable Growth in the Telecom Industry through Hybrid Renewable Energy Integration: A Technical, Energy, Economic and Environmental (3E) Analysis

Sustainable Growth in the Telecom Industry through Hybrid Renewable Energy Integration: A Technical, Energy, Economic and Environmental (3E) Analysis

Between dissonance and confusion: When the Nutri-Score as a nutritional signal is misinterpreted

The introduction of a mandatory front-of-package nutrition label across the European Union is generating fierce controversy. Specifically, the Nutri-Score has been under debate, which has been reflected in the media. Drawing on signaling theory, this article aims to investigate how some consumers make sense of the Nutri-Score as a signal of nutritional quality in this noisy environment. First, a study analyzes how the media communicates about the Nutri-Score. Second, 15 semi-structured interviews examine how women with children interpret and use the Nutri-Score. Our findings show that media coverage of the Nutri-Score becomes ambiguous over time and that these women experience confusion due to cognitive dissonance and lack of knowledge. This article contributes to the literature on nutrition labeling and highlights the risks of confusion in interpreting this signal of nutritional quality. It suggests implications for policymakers and economic actors to promote the use of the Nutri-Score while reducing information asymmetry.

Economic analysis of transportation of crude oil of Upper Assam Basin through pipeline

Economic analysis of transportation of crude oil of Upper Assam Basin through pipeline

A cost-benefit analysis of ecosystem services from restoring degraded soils to forest ecosystems in the Sahel

Techniques of degraded ecosystems restoration in the Sahel have largely contributed to slowing down desertification process. However, they are often very costly, requiring important manpower and financial resources. The economic benefits of such cases of land restoration are under-documented, especially in scientific literature. The aim of this study is to estimate the ecosystem benefits (market and non-market, direct and indirect) associated with changes in biodiversity induced by forest and landscape restoration (FLR) interventions in the Sahel, and to compare them with the costs of these interventions. Data has been compiled using individual and group surveys, floristic inventory, and existing literature. Ecosystem services framework has been used to structure the analysis. Financial and economic cost-benefit analysis have been compiled, based on the historical case of the managed Gourga forest (Ouahigouya, North Burkina Faso), to estimate whether FLR brings benefits greater than it costs. The results show that restoration of the site is profitable over the first ten years thanks to farming activities, becoming unprofitable in years 11–45 after farming is completely stopped. This study opens up new prospects for improved design of FLR in the Sahel.