Sustainable Global Economic Growth Research Articles

STRENGTHENING THE VALUE OF INTEGRITY IN CORPORATE GOVERNANCE TO REALISE STRONG, BALANCED AND SUSTAINABLE GLOBAL ECONOMIC GROWTH TOWARDS GOLDEN INDONESIA IN 2045

ABSTRACTThis research aims to apply the value of integrity in corporate governance to achieve strong, balanced, and sustainable global economic growth towards a golden Indonesia in 2045. This research design is ex post facto, namely from something that is done afterwards. The analysis technique used is descriptive to see events in the form of rare or unusual phenomena that may not be anticipated and can provide valuable insights and contribute to understanding for management in actualising good corporate governance. The results of the study concluded that the steps that need to be implemented by management in good corporate governance by actualising the value of integrity include: humble, honest, patient, sincere, trustworthy, fighting spirit in working and offering the best work. This research has practical implications for the management of business entities or companies in increasing economic productivity, creating stability and anticipating crises that will be faced by the global community towards the Golden Indonesia in 2045.

Các yếu tố hành vi ảnh hưởng đến quyết định đầu tư vào dự án năng lượng tái tạo của các nhà đầu tư cá nhân tại Việt Nam

Investment in renewable energy technologies is seen as an effective way to stimulate sustainable global economic growth. Although renewable energy has great potential for development and is supported by governments in many countries, renewable energy projects have not been really paid enough attention in developing countries. This study explores the individual investor’s investment decision-making process in renewable energy projects. The study conducted a survey of individual investors from February 2022 to May 2022 and uses SPSS 20.0 software to process data of multivariate regresion model. The results show that investors’ a priori beliefs, level of policy incentives, knowledge of renewable energy project, green behaviors and knowledge of technological innovation are the factors that affect renewable energy projects investment decision of individual investors. The results contribute to supplementing the theoretical basis of factors affecting the decision to invest in renewable energy of individual investors, thereby providing implications to attract individual investors to invest into renewable energy in the near future.

Expecting Sharing Economy's Effect on Sustainable Growth of the World Economy after COVID-19 Pandemic

Markets that rely on data as a resource for goods and services depend on having access to data. Businesses active in the data economy have a strong interest in getting data from other market players since the accuracy and quality of information that can be derived from data rises with the quantity and quality of the raw data that is accessible. The aim of this paper is to create a theoretical framework that defines the sharing economy and examines potential connections between it and sustainability. The literature analysis is also used to evaluate the need for an institutional and legislative framework to promote the sharing economy as an economic driver, perhaps resulting in more sustainable global economic growth. Moreover, the role of sharing economy to encourage the investments and the importance of sharing data after COVID-19. The findings of this research will support the decision makers to give more attention for the data sharing economy as a main key in their macroeconomic strategic planning.

ІНВЕСТИЦІЇ В ЕНЕРГЕТИЧНИЙ ПЕРЕХІД – ВИЗНАЧАЛЬНА ТЕНДЕНЦІЯ В ГЛОБАЛЬНІЙ ЕКОНОМІЦІ

Background. Energy transition is crucial for mitigating greenhouse gas emissions and fostering sustainable global economic growth. However, with the uneven pace of energy transition across regions, businesses will encounter numerous challenges in identifying opportunities and risks while adapting to new policies and evolving market dynamics. The implementation of any strategy, particularly those related to the new transition approach with anticipated outcomes leading to conceptual shifts in interactions within both national and global economies will also require substantial investments and financing capacities. The energy transition will require huge investments over many years in renewable energy generation, energy efficiency, and energy infrastructure. That is why this article aims to analyze and summarize the key investment trends supporting the renewable energy transition in the global economy. Methods. To provide due and relevant research the scientific generalizations, analogies, abstraction, analysis, and synthesis were used in the generalization of theoretical foundations of RE transition; the scientific analysis and generalization were implied while studying related publications and providing the conclusions; the method of logical analysis, structural, statistical and system methods were used for the analysis of the statistical and analytical data. Results. In 2022, the total new investment in renewable energy reached approximately $495 billion globally, marking a 17 % increase from the previous year. The funding for clean energy worldwide has been steadily increasing over the last two decades. In 2022, global investments in transition technologies reached $1.3 trillion. But, as this research shows, investment in renewable energy will need to triple by the end of this decade. Most of the investments were made in developed countries widening the annual investment deficit that developing countries face in achieving the SDGs by 2030: the gap is now about $4 trillion per year up from $2.5 trillion in 2015 when the SDGs were adopted. Conclusions. The energy transition requires investment not only in renewable energy generation and electrification but also in sustainable infrastructure, energy-efficient buildings, and decarbonization of industry. To meet climate goals, the energy transition requires a faster pace of renewable energy generation and end-use, in electrification of end-use sectors and improved energy efficiency. Businesses also have a key role to play in financing investments in the RE transition – they are the key enablers.

Bridging Gaps Between ICC and RoL Discourse With BRICS

The rule of law has increasingly become a germane concept in current legal and political debates on international and national platforms alike. Critics opine that the BRICS Member States are afflicted by rampant corruption; in the main; catalysed by the lack of transparent and democratically accountable elected governments. The resultant weak rule of law undermines the efforts of the BRICS member states to achieve sustainable global economic growth or attract foreign investment. The International Criminal Court contributes to the fight against impunity and the establishment of the rule of law by ensuring that the most severe crimes do not go unpunished and by promoting respect for international law. Thus, this article interrogates the correlation between the rule of law and criminal justice mechanisms; the adherence to the principles of the rule of law by BRICS member States; the role of the International Criminal Court vis-a-vis the rule of law as well as the relationship between the BRICS member States and the ICC. Of course, most desirable is a balanced outcome of political reciprocity without compromising the cardinal rule of law doctrine.

Review of Internet of Things (IoT) in Electric Power and Energy Systems

A transformation is underway in electric power and energy systems (EPESs) to provide clean distributed energy for sustainable global economic growth. Internet of Things (IoT) is at the forefront of this transformation imparting capabilities, such as real-time monitoring, situational awareness and intelligence, control, and cyber security to transform the existing EPES into intelligent cyber-enabled EPES, which is more efficient, secure, reliable, resilient, and sustainable. Additionally, digitizing the electric power ecosystem using IoT improves asset visibility, optimal management of distributed generation, eliminates energy wastage, and create savings. IoT has a significant impact on EPESs and offers several opportunities for growth and development. There are several challenges with the deployment of IoT for EPESs. Viable solutions need to be developed to overcome these challenges to ensure continued growth of IoT for EPESs. The advancements in computational intelligence capabilities can evolve an intelligent IoT system by emulating biological nervous systems with cognitive computation, streaming and distributed analytics including at the edge and device levels. This review paper provides an assessment of the role, impact and challenges of IoT in transforming EPESs.

10.4.1 Transitioning to Biofuels: A System‐of‐Systems Perspective

AbstractToday, almost 60% of the petroleum consumed in the United States is imported. The U.S. transportation sector currently consumes for over two‐thirds of the 11 million barrels of oil used in the U.S. each day. Global demand for transportation fuels is increasing dramatically as developing countries expand their economies and become more energy intensive. Clean energy systems are needed to support sustainable global economic growth while mitigating impacts on air quality and greenhouse gas emissions. Biofuels offer a near‐term solution for reducing U.S. oil consumption. Transitioning to a significantly larger biofuels industry will require the creation of a robust biomass‐to‐biofuels system of systems that operates in concert with the existing agriculture, forestry, energy and transportation markets. Using the fuel supply chain infrastructure as a framework, the current petroleum‐based transportation economy, a vision for biomass‐based fuels and the challenges associated with such a massive market and infrastructure transformation are discussed.

Evolution of Global Environmental Governance and the United Nations

The deaning feature of global environmental governance has been the development of multilateral environmental agreements catalyzed by the United Nations. Research attention has consequently focused on institutional design of environmental regimes. It has recently been claimed that ossiacation has occurred in global environmental policy-making and no new learning is taking place.1 In fact, new policy approaches are emerging from multilateral environmental agreements, our understanding of the issues has deepened and broadened based on the experience of the past three decades, and underlying economic and social changes worldwide provide the opportunity to catalyze innovative ways to galvanize capital markets. These trends need to be brought together in a new paradigm to drive implementation, with the United Nations acting as a node of interactive clusters of driving forces supporting environmentally sustainable global economic growth.

Sustainable global economic growth

This survey highlights some recent advances on modeling the economic state of some nations of the world which are linked up in solidarity and competition or which are isolated. The problem of controllability, convergence, and permanence are explored. Some practical recent policy implications are deduced. Earth revolves around the sun in approximately circular orbit with radius r = a , completing a revolution in the time T = 2 π ( a 3 / GM ) 1 / 2 which is one earth year; here M is the mass of the sun and G is the universal gravitational constant. The gravitational force of the sun on the earth is given by GM m / r 2 where m is the mass of the earth. Therefore, if the earth “stood still” losing its orbital velocity, it will fall straight on a line into the sun in accordance with Newton's second law. M d 2 r d t 2 = - GM M r 2 . If this calamity occurred what fraction of the normal year T will it take for the earth to splash into the sun?” (Nagle, Saff, Snider) “Why did the earth stand still?” (Ndu Udo) “The symbol of Love and the earth's lover is the moon. With joy it dances around the earth in a circular orbit. When the inhabitants of the earth prefer hate and revenge to love, the moon stops to love, and stands still, losing its orbital velocity. It falls straight on a line into the earth in accordance with Newton's second law. The crash makes the earth stand still precipitating the Armageddon.” (Wisdom Goodness)

Applying fuel cell experience to sustainable power products

Fuel cell power plants have demonstrated high efficiency, environmental friendliness, excellent transient response, and superior reliability and durability in spacecraft and stationary applications. Broader application of fuel cell technology promises significant contribution to sustainable global economic growth, but requires improvement to size, cost, fuel flexibility and operating flexibility. International Fuel Cells (IFC) is applying lessons learned from delivery of more than 425 fuel cell power plants and 3 million h of operation to the development of product technology which captures that promise. Key findings at the fuel cell power plant level include: (1) ancillary components account for more than 40% of the weight and nearly all unscheduled outages of hydrocarbon-fuelled power plants; a higher level of integration and simplification is required to achieve reasonable characteristics, (2) hydrocarbon fuel cell power plant components are highly interactive; the fuel processing approach and power plant operating pressure are major determinants of overall efficiency, and (3) achieving the durability required for heavy duty vehicles and stationary applications requires simultaneous satisfaction of electrochemical, materials and mechanical considerations in the design of the cell stack and other power plant components. Practical designs must minimize application specific equipment. Related lessons for stationary fuel cell power plants include: (1) within fuel specification limits, natural gas varies widely in heating value, minor constituents such as oxygen and nitrogen content and trace compounds such as the odorant; (2) city water quality varies widely; recovery of product water for process use avoids costly, complicated and site-specific water treatment systems, but water treatment is required to eliminate impurities and (3) the embedded protection functions for reliable operation of fuel cell power conditioners meet or exceed those required for connection to the utility grid, but current standards do not recognize embedded protection functions, and, often, utilities mandate external protective devices. Consequently, current activity to develop such standards under IEEE auspices is important in eliminating the cost of extra protection equipment. Key fuel cell lessons learned from IFC's experience base along with the status of development for future vehicle and stationary power plants at IFC are discussed. These lessons have been applied to the 200 kW stationary fuel cell power plant as the information has become available. They are now being applied to a 50-kW, ambient pressure, polymer electrolyte membrane (PEM) fuel cell power plant that uses gasoline as the fuel. This power plant is intended for experimental bench testing demonstrations associated with vehicle power plant applications.