Energy Investment Research Articles

Assessment and management of costs for renewable energy investments in Zambia using a novel mixed method.

This paper investigates strategies for managing costs in low-CO2 renewable energy (RE) projects, with a focus on enhancing investment efficiency. The study develops a novel mixed-method framework that integrates Shapley rates, TOPSIS, and Pythagorean fuzzy (PF) DEMATEL to identify effective cost-control tactics. Data is sourced from financial reports, project records, and expert evaluations involving three managers from the energy sector with over two decades of experience in renewable energy investments and CO2 emission reduction. The framework's precision is tested through the VIKOR technique and sensitivity analysis, using five scenarios where the weighting outcomes of criteria are adjusted. Findings reveal that solar energy consistently offers the most cost-effective solutions, while consumer prioritization significantly improves the viability of wind energy investments. The results also emphasize the importance of workforce development in solar energy projects and collaborative cost-control strategies to enhance project success. The study recommends that investors focus on high- or low-level collaborative approaches for solar energy due to its lower associated costs compared to other options. These insights can guide policymakers and investors in optimizing renewable energy investments and enhancing collaboration to reduce CO2 emissions.

Renewable Energy Investments, Support Schemes and the Dirty Option

ABSTRACTIn a real options framework, we analyze the behavior of a large energy producer who can invest in a portfolio of Renewable Energy Source (RES) and dirty energy source. Competitive fuel prices challenge the investments in RES. Given a budget constraint, the agent allocates the optimal capacities of both energy instalments and selects the optimal investment time. We use the model to compare the effectiveness of classical support schemes such as Feed‐in Tariffs or Green Certificate with respect to forms of taxation of dirty technology such as Carbon Taxes or Carbon Permits. This paper proposes a conceptual framework and qualitative analysis to understand which support system enhances the attractiveness of renewable energy investments.

How Financial Development Is Driving the Growth and Environmental Dimensions of Sustainable Development in Africa: Heterogeneous Analyses

Globally, we face a policy dilemma between desiring more economic growth and safeguarding the deteriorating ecosystem, which have an apparent trade-off. Consequently, financing growth often comes with strong concerns for the ecological implications, which is yet to be empirically resolved. Hence, the current study examined the growth and environmental effects of financial development from three angles, each with a robust indicator, comprising financial development index, financial institution index, and financial market index. The scope of this study was financial development in 30 selected African countries from 1996 to 2021. This study extends the frontier of knowledge by estimating the moderating roles of regulatory quality and digitalization coupled with other control variables: renewable and nonrenewable energy, government expenditure, trade openness, and foreign direct investment. The empirical evidence relies on estimators such as common correlated effects (mean group), the system-generalized method of moment, and method of moment quantile regression. The findings from this study reveal that financial development propels economic growth but to the detriment of the ecosystem. However, when the interactive effects of regulatory quality and digitalization are considered, the negative externalities of growth-induced financial development are reduced. Furthermore, control variables such as renewable energy and foreign direct investment promote growth without escalating ecological damage. This is in contrast to nonrenewable energy, government expenditure, and trade openness, which propel economic growth at the expense of the ecological system. Policy recommendations that balance the trade-off between the two measures are put forward based on the research outcomes.

Carbon Neutral Strategies in the Case of Google Inc: A Case Study of Carbon Offset Mechanisms and Renewable Energy Projects

Abstract: Facing the serious challenge of global climate change, Google Inc. has adopted a series of innovative strategies to reduce its carbon footprint and promote corporate sustainability. This paper provides an in-depth analysis of how Google reduces carbon emissions and promotes sustainable development through a series of innovative measures, including large-scale investment in renewable energy, improving data center efficiency, implementing carbon offset projects, and promoting technological innovation in the field of transportation. These actions demonstrate Google's commitment to environmental protection and provide a model for other companies to follow. The study evaluated the economic feasibility and environmental benefits of Google's strategies through a cost-benefit analysis. The results show that despite technical challenges and market uncertainty, Google's environmental investments can bring significant economic benefits in the long term while having a positive impact on the environment. These strategies help Google achieve its carbon neutrality goals and provide momentum for the global transition to a low-carbon economy. In addition, the study emphasizes the importance of socio-cultural factors in promoting environmental strategies. Google has raised public awareness of climate change and enhanced social support for environmental actions through community involvement and educational programs. These findings reveal the need for companies to adopt environmental protection measures in the context of globalization and provide practical guidance for other organizations to implement sustainable development strategies.

The Causal Nexus Among Energy Dependency, Human Capital, and Renewable Energy: An Empirical Analysis for EU Members

Countries have turned to developing renewable energy production, avoiding the risks posed by the disruptions in global energy trade, the high volatility in energy prices, and the remarkable environmental impairment. Numerous economic, environmental, institutional, and social factors have been put forward as driving factors toward renewable energy. The goal of this research article is to study the causal nexus among energy dependency, human capital, real GDP per capita, CO2 emissions, and renewable energy of the 27 EU members between 2000 and 2020 through Emirmahmutoglu and Kose causality test. The results of the panel-level causality tests demonstrate feedback interplay among energy dependency, human capital, real GDP per capita, CO2 emissions, and renewable energy use. However, the results of the country-level causality analysis unveil that the interplay among renewable energy utilization, energy dependency, real GDP per capita, CO2 emissions, and human capital remarkably varies among EU members. The results of this study suggest that renewable energy investments are significant instruments to make progress in energy security, human capital, real GDP per capita, and CO2 emissions. Furthermore, energy security, human capital, real GDP per capita, and CO2 emissions are significant drivers of renewable energy development.

Evaluating the Role of GCC Nations in Sustainable Energy Investment Using an Enhanced Low-Carbon Economy Index

In the past decade, environmental, social and country governance (ESG) aspects as well as economy have become key factors for decisions in the investment and future development of renewable energy industry. The abundancy of renewable resources and widely accessible technology are the key drivers for the renewable energy business in the GCC. However, lack of effective policies and regulations, along with subsidized fuel prices, are slowing down the implementation of renewable resource options. This study will illustrate the potential, the challenges, and the barriers of implementing renewable energy technologies in the GCC region. In addition, this research empirically examines the impact of renewable energy sources and other factors in the GCC countries. This study can be used as a screening tool, decision making tool, benchmarking tool and guidance of sustainable development.

Revealing the essential and sufficient conditions for the energy consumption diversification

To investigate the diversification of energy consumption in 65 countries during 2019, this study utilizes the Shannon-Wiener index (SWI), Necessary Condition Analysis (NCA), and Fuzzy Set Qualitative Comparative Analysis (FsQCA). According to the NCA model, all variables, except FSI, have the necessary conditions for the energy consumption diversification (ECD). The fsQCA model for high ECD identifies four adequate configurations that involve a combination of high human development, high green growth, global innovation, and either lower levels of urbanization or the presence of fragile states. One notable solution, with a consistency score of 93 %, is that a higher level of global innovation combined with lower levels of urbanization leads to higher ECD. Conversely, the model identifies three configurations sufficient for low ECD, which typically include higher levels of urbanization, fragile states, and lower levels of innovation and green growth. One of the most significant of these, with a consistency score of 81 %, is that increasing urbanization while decreasing green growth and global innovation leads to low ECD. According to the research findings, policymakers should strengthen the innovation ecosystem and focus on developing human capital to enhance energy diversity. Additionally, efforts should be made to combat corruption, stabilize governance, and improve oversight to ensure greater investment in clean energy.

Sustainability assessment of additive manufacturing end-of-life material management

Additive manufacturing (AM) methods enable complex, customized, and on-demand production of many products from different material types across various industries. The growing demand for flexible and more sustainable manufacturing solutions places AM in the mix of processes considered for non-commodities. However, AM processes also present unintentional environmental releases in end-of-life (EoL) material management, compromising overall sustainability. Data availability to assess the sustainability of individual EoL material management from individual AM processes is limited. Even so, EoL materials generated across AM practices frequently overlap, supporting high-level assessment as an alternative approach. Therefore, a holistic AM EoL material management sustainability analysis was completed using a customized list of efficiency, environmental, energy, and economic indicators from the Gauging Reaction Effectiveness for the Environmental Sustainability of Chemistries with a multi-Objective Process Evaluator (GREENSCOPE) methodology. Subsequently, this assessment identified low material recycling rates and high energy costs in some EoL material management processes, such as incineration and recovery. Subsequently, a trade-off analysis was performed to determine process modification opportunities, including implementing recycling to reduce the amount of hazardous waste at the expense of additional energy and cost investment. The AM EoL-specific sustainability analysis serves as a resource to offer insights and empower policymakers and stakeholders to enhance pollution prevention strategies and optimize the existing EoL material management processes.

"I Can't Imagine Not Being an Athlete": A Retrospective Qualitative Analysis of the Factors that Influence Sport Passion Development in Collegiate Athletes

Athletes’ motivation, well-being, and outcomes in sport are heavily influenced by passion, which can be conceptualized as either harmonious (HP) or obsessive (OP) (Vallerand et al., 2003). Although the effects of HP and OP have been repeatedly observed, factors that cause these passion types to surface have scarcely been studied (Mageau et al., 2009). The purpose of this study was to identify the major factors impacting HP and OP in collegiate athletes and note the differences in these pathways. Data collection occurred in two distinct phases: Phase I surveyed participants’ sport passion levels, and Phase II selected athletes whose scores met certain criteria for follow-up interviews. During these interviews, the researcher explored each participant's sport journey from youth to college. Overarching categories identified from the athletes’ rendition of their sport experiences were passion identifiers (enjoyment, time and energy investment, value), athletic identity (“I am an athlete” vs. “I am not only an athlete”), fulfillment/frustration of autonomy (autonomy support vs autonomy thwarting), perception of feedback (support independent of performance outcomes vs. pressure to perform well), and motivation (extrinsic vs. intrinsic). The main differences between groups were seen in enjoyment, extrinsic motivation, exclusive athletic identity, pressure to perform well, and autonomy thwarting. Implications from the study include that parents and coaches can foster the development of HP by providing ample autonomy support, encouraging intrinsic motivation and a well-rounded identity, offering more support than pressure, and explicitly communicating that support is not attached to contingencies.

Global Climate Change: Challenges, Opportunities, and Multilateral Strategies for Sustainable Development

Background: Climate change is one of the most pressing global challenges, demanding collaborative action from both developed and developing countries. Despite numerous international agreements like the Kyoto Protocol and the Paris Agreement, political will and leadership commitment have been inconsistent, hindering effective global climate action. Private actors and global partnerships have emerged as critical players in addressing climate risks, but geopolitical and economic tensions continue to impede progress. Objectives: This research explores the key challenges and opportunities in combating climate change, emphasizing the role of international cooperation, the involvement of private and public sectors, and the need for innovative solutions. It also seeks to examine the responsibilities of developed and developing countries in contributing to global climate goals. Methods: A qualitative analysis was conducted by reviewing relevant literature, international agreements, and case studies. Data from climate summits, reports, and expert opinions were integrated to understand the political, economic, and environmental dimensions of climate change. Findings: The study identifies several challenges, including a lack of political will among major powers, economic competition, and inconsistent global leadership. It also highlights opportunities, such as the potential for technological innovation, investment in renewable energy, and the strategic role of private actors in promoting sustainable development. The findings underscore the importance of global partnerships and multilateral platforms like the United Nations in fostering cooperation among nations. Conclusion: Addressing climate change requires a holistic approach involving state and non-state actors, strong political leadership, and global partnerships. The transition to a low-carbon economy will require significant economic restructuring, but it presents opportunities for innovation and sustainable development. The study emphasizes the need for developed countries to fulfill their financial commitments to support adaptation in developing nations. Novelty: This research contributes to the existing literature by providing a comprehensive analysis of both the challenges and opportunities in combating climate change. It highlights the critical role of private actors and international cooperation, offering a framework for future global actions.

Exploring the role of governance in determining public-private investment in energy: New empirical insights from ASEAN

The energy sector plays a pivotal role in driving economic growth and enhancing social welfare. However, the mobilization of sufficient investment including public and private remains crucial for advancing energy infrastructure development. Against this backdrop, this study aims to explore the role of governance in determining public-private investment in energy (PPE). The empirical analysis leverages a comprehensive dataset spanning 25 years from 1998 to 2022 and covering ASEAN nations. The study employs the CS-ARDL (cross-sectionally augmented autoregressive distributed lag) model for regression analysis to assess governance dimensions' long-term and short-term effects on PPE. Additionally, the study conducts robustness analysis by using the FMOLS (fully modified ordinary least square) model and an alternative proxy of governance i.e. EFI (economic freedom index) to validate the findings. The analysis reveals that governance exerts a significant and positive effect on PPE. Specifically, the dimensions of governance such as corruption control (COC), government effectiveness, political stability (POS), regulatory quality, etc. demonstrate robust positive associations with PPE. This positive relationship indicates that stronger governance institutions foster transparency, efficiency, and stability in the energy sector, attracting private-sector investments. The findings of this study have significant policy implications for policymakers, investors, and stakeholders seeking to promote sustainable energy transitions and socio-economic development within the ASEAN region. Specifically, it is essential to strengthen governance institutions, enhance regulatory frameworks, and foster public-private partnerships for energy investment. This study contributes to the existing literature by providing novel insights into the governance-energy investment nexus within the ASEAN region.

Analysis of the Impact of China's Carbon Neutrality Policy on the Environment and Economy at Home and Abroad

China has made remarkable achievements in reducing greenhouse gas emissions, especially in achieving the emission reduction targets set for 2020. This progress is mainly due to China's reduced dependence on coal and other fossil fuels, which not only promotes significant improvements in air quality but also lays the foundation for the transformation of China's economic structure. Especially in the energy and industrial fields, carbon neutrality policies are driving companies to transform into greener and more sustainable operating models. Facing the economic challenges brought about by the COVID-19 epidemic, China is actively seeking a path to low-carbon economic recovery by increasing public investment in renewable energy and other fields. From an international perspective, China's carbon neutrality commitment has the potential to inspire other large carbon-emitting countries, especially countries along the Belt and Road and neighboring countries, to strengthen their emission reduction efforts. At the same time, Southeast Asian countries face shortages of technology, equipment, and raw materials, as well as insufficient investment when developing renewable energy. In this regard, Chinas experience and investment have a significant impact on Southeast Asian countries carbon neutrality policies and renewable energy development. China can use its technological and manufacturing advantages to share resources with neighboring countries in renewable energy technology and equipment manufacturing, and provide support for ASEAN countries to achieve their renewable energy goals.

Dynamic interactions between GDP, renewable energy, innovation, and CO2 emissions in Finland: a fourier-augmented ARDL analysis

This study uses the novel Fourier-augmented ARDL (FARDL) to explore the impact of renewable energy (REN), the number of patent applications (PA) and GDP per capita on CO2 emissions in Finland during 1990–2022. The findings reveal that in the long run, GDP rises CO2 emissions, while REN and PA decrease CO2 emissions. The FARDL short-run results indicate that both REN and PA have a significant negative impact on CO2 emissions, suggesting that higher adoption of renewable energy and technological innovation contribute to emission reductions. However, GDP does not show a significant effect in the short run, which may indicate a decoupling of economic growth from environmental degradation in the short term. Furthermore, the study highlights the need for policies that promote technological innovation and increased investment in renewable energy to achieve sustainable carbon reduction in the long term.

Opportunities in clean energy equity markets: the compelling case for nuclear energy investments

Opportunities in clean energy equity markets: the compelling case for nuclear energy investments

Directions for Increasing Green Energy Capacity of Uzbekistan

General background: The global transition to renewable energy is essential for mitigating climate change and ensuring energy security, and Uzbekistan, with its abundant natural resources, holds significant potential. Specific background: Despite progress, Uzbekistan still relies heavily on fossil fuels, and challenges remain in integrating renewable energy into the national grid. Knowledge gap: Previous studies have focused on the technical and economic benefits of green energy, yet there is limited research on the interplay between market reforms and renewable energy adoption in developing nations like Uzbekistan. Aims: This research aims to assess the current renewable energy policies and propose strategies to enhance Uzbekistan’s capacity, particularly in solar and wind energy. Results: The findings reveal that while Uzbekistan has made strides, substantial reforms in market liberalization and increased investment are necessary to meet its 2030 green energy targets. Novelty: This study offers new insights by integrating a market-based approach to energy reforms with the need for targeted subsidies and international investment, filling a critical gap in the literature on green energy transitions in developing economies. Implications: The results suggest that further policy adjustments, enhanced international cooperation, and financial incentives are vital for accelerating Uzbekistan’s green energy transition, providing a model for similar economies. Highlights: Uzbekistan needs substantial market reforms to increase green energy capacity. Solar and wind energy are key to meeting the 2030 renewable energy goals. Targeted subsidies and international investment are essential for sustainable energy development. Keywords: Solar Energy, Wind Energy, Energy Subsidies, Energy Investments, Market Liberalization

Comparison of Trends in Sustainable Energy Development in the Czech Republic and Poland

The contemporary process of economic development necessitates a heightened focus on matters of sustainability, with a particular emphasis on sustainable energy policy. This is of paramount importance for the protection of the natural environment and the achievement of long-term economic growth. In the context of countries such as the Czech Republic and Poland, which have historically relied on high-carbon energy sources, the transition to a more sustainable energy system represents a significant challenge. The objective of this paper is to undertake a comparative analysis of the trends in energy sustainability in the Czech Republic and Poland from 2017 to 2021, with a particular focus on key performance indicators. The analysis, based on data from the OECD database, revealed notable discrepancies in the rate of change between the two countries, with Poland exhibiting a more pronounced surge in the proportion of renewable energy sources (RES). A Student’s t-test confirmed the existence of statistically significant differences in key indicators between the Czech Republic and Poland, thereby underscoring the diverse challenges that both countries encounter in their pursuit of sustainable energy development. The Granger causality test was employed to ascertain whether variables exhibit temporal relationships that may suggest potential correlations. However, it is important to note that this test does not prove direct causality, but rather indicates that the variables are related at a specific point in time. Interpretation of the results must be undertaken with caution, as the test does not account for the full complexity of relationships between variables, including external factors and structural changes in the economy. Meanwhile, the LMDI decomposition analysis identified the principal drivers of alterations in CO2 emissions. The findings indicate that, despite advancements in sustainable energy development, Poland and the Czech Republic are confronted with distinctive challenges that necessitate the implementation of tailored policy responses. It is therefore recommended that further investment in renewable energy and the modernisation of energy infrastructure be made in order to achieve long-term sustainability goals.

Consumer Motivations for Solar Energy Adoption in Economically Challenged Regions

This study aims to investigate the factors contributing to and affecting consumer behavior toward renewable energy by following the theories of reasoned action and planned behavior. For this reason, a quantitative research method was employed and primary data were collected via a questionnaire, resulting in a random sample of 450 respondents. Structural equation modeling (SEM) revealed that concern for environmental commitment positively affects attitudes toward solar energy (β = 0.272, p < 0.001), positive subjective norms toward environmental commitment positively influence attitudes (β = 0.092, p < 0.001), perceptions of solar energy values significantly shape attitudes (β = 0.533, p < 0.001), social influence also plays a role in shaping attitudes (β = 0.047, p < 0.001), and that regulations (behavioral control) have a negative impact on attitudes (β = −0.204, p < 0.001). A positive attitude toward solar energy strongly predicts purchase intention (β = 0.944, p < 0.001). The overall model highlights the direct influence of attitude on buying intention and underscores the roles of environmental concern and functional utility in shaping consumer attitudes. This study contributes to the existing literature on renewable energy adoption by providing empirical evidence on the factors influencing consumers’ attitudes toward solar energy systems. By identifying key predictors, the study offers valuable insights into how these elements shape consumer attitudes and subsequent purchase intentions. Additionally, the study enhances the understanding of the role of positive attitudes in driving investment in solar energy, thereby contributing to both theoretical frameworks and practical applications in energy policy and marketing strategies.

Spatial national multi-period long-term energy and carbon planning scenarios in Ecuador’s electric system

The Republic of Ecuador is developing a comprehensive plan to meet the increasing residential, industrial, and commercial energy demands. With a population of 17.08 million in 2018, the country is experiencing an annual average energy growth of approximately 7.13% until 2027. This research aims to model the incorporation of new and proposed power plants strategically planned to cater to the expanding demand needs. Ensuring that our existing energy infrastructure can adequately meet the current and growing needs of the residential, commercial, and industrial sectors should be made possible. In this paper, we present several hypotheses that need to be made to identify the potential demands for residential, industrial, and commercial requirements, making it more accessible to build new facilities that use renewable energy. Traditional and unconventional renewable energy sources, such as hydro-power, wind, and solar power, are being explored to generate electricity. The research employs quantitative methodology, beginning with gathering information and a detailed data analysis. Subsequently, a scenario-based model will examine the impact on energy demand and supply from 2020 to 2035. The results show that the Santiago hydroelectric project is becoming essential for the country’s energy development and that the current national power system will only be able to supply the electricity demand when the industrial city of Posorja is being developed. We suggest that to maintain Ecuador’s electricity trade balance as an electricity exporter, we continue with the energy investment plans currently issued by the Ministry of Energy and Mines. This study is relevant for establishing global financing arrangements involving the public and private sectors. In doing so, we can meet our hypothetical scenarios, ensuring that all energy needs are met by 2035. This will involve developing a robust national grid system with sufficient reserve capacity, meeting residential and projected commercial and industrial demand.

Tradeoffs between economy wide future net zero and net negative economy systems: The case of Chile

Given the possible economic consequences, poorer countries have more challenges in delivering their Nationally Determined Contributions. As a developing country, Chile has pledged to attain carbon neutrality by 2050. While Chile has implemented several mitigation measures, it still relies heavily on carbon sequestration, intending to sequester around 65 MtCO2e by 2050. However, heavy reliance on sequestration poses several risks as the literature shows that natural sinks, particularly forest and land, are exposed to severe impacts from global warming and climate change. Fortunately, Chile has significant renewable energy potential, which, if fully utilized, may move the country towards a net negative emissions context. To assess if such a net-negative system is feasible in the context of Chile, a new regional version of the Global Change Analysis Model for Chile is developed. The model is used to investigate the effects and required levels of investment in renewable energy and decarbonization of end-use sectors to achieve economy-wide net negative emissions scenarios. The design of net negative pathways follows a statistical approach based on the expected sequestration capacity in 2050 and its corresponding confidence interval. The results are compared to scenarios that are aligned with the objective of carbon neutrality by 2050. The findings show that obtaining net-zero emissions by 2050 is possible, however achieving net negative systems will be dependent on existing sequestration capacity and the application of economic incentives to boost green energy deployment in Chile as well as to push such green energy, in the form of electricity or e-fuels, into hard to decarbonize final demand sectors, such as transport, mining, and industry demand sectors. The results also indicate that after significantly reducing CO2 emissions from the energy sector (primarily the power sector), the agricultural sector and other urban and industrial sectors still contribute to non-significant levels of CH4 and N2O emissions.

IMPACT OF RENEWABLE AND NON-RENEWABLE ENERGY ON FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH

This study examines the impact of renewable and non-renewable energy on foreign direct investment (FDI) and economic growth in Nigeria from 1980 to 2017. The objectives are to assess how renewable energy influences economic growth, FDI, and the interplay between renewable and non-renewable energy. Using techniques such as the Augmented Dickey-Fuller test, Co-integration, and the Auto Regressive Distributed Lag (ARDL) model, secondary data from the World Bank were analyzed, focusing on GDP, renewable energy, non-renewable energy, and FDI. The findings indicate that GDP positively influences renewable energy in the long run, while non-renewable energy has a negative effect. In the short run, non-renewable energy and GDP significantly impact renewable energy, while FDI shows no effect. Recommendations include fostering a stable political environment to attract FDI and providing incentives like subsidies and tax holidays to promote trade and investment in renewable energy. Effective macroeconomic management is essential for translating economic growth into increased renewable energy consumption in Nigeria. KEYWORDS: Renewable Energy, Non-Renewable Energy, Foreign Direct Investment and Economic Growth.