Pub Date : 2024-10-22DOI: 10.1016/j.enpol.2024.114382
Jens Weibezahn , Björn Steigerwald
The increasing decarbonisation pressure together with recent energy price shocks is fuelling a revived debate on new nuclear generation capacity in many European states. In this paper, we provide a synopsis of financing models currently being applied or under development for newly built nuclear power plants in Europe (with excursions to Türkiye and the United States), catering to the special risk profile of such projects. We find that nuclear power plant projects in Europe to a large extent only become bankable if a government is involved in de-risking the investment for private investors – eventually involving the exposure of taxpayers or ratepayers to the project risks.
{"title":"Fission for funds: The financing of nuclear power plants","authors":"Jens Weibezahn , Björn Steigerwald","doi":"10.1016/j.enpol.2024.114382","DOIUrl":"10.1016/j.enpol.2024.114382","url":null,"abstract":"<div><div>The increasing decarbonisation pressure together with recent energy price shocks is fuelling a revived debate on new nuclear generation capacity in many European states. In this paper, we provide a synopsis of financing models currently being applied or under development for newly built nuclear power plants in Europe (with excursions to Türkiye and the United States), catering to the special risk profile of such projects. We find that nuclear power plant projects in Europe to a large extent only become bankable if a government is involved in de-risking the investment for private investors – eventually involving the exposure of taxpayers or ratepayers to the project risks.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114382"},"PeriodicalIF":9.3,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142527829","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-22DOI: 10.1016/j.enpol.2024.114394
Ali Akbar Rezazadeh, Akram Avami
An integrated assessment model has been developed to estimate useful energy demand, followed by an optimization model for planning the energy supply. Four scenarios have been developed. The findings of this study highlight the impact of behavioral, climate change, and socio-economic factors on energy demand and supply. Specifically, these factors can lead to significant variations in demand, such as a more than 3.48-fold difference in cooling demand or a 1.75-fold difference in the transportation demand by cars across various scenarios.
The use of a dual-fuel car and electric motorcycle is suggested in all scenarios. Waste processing has been done with a landfill in all scenarios except in the final years of the net-zero emission target scenario, where an incinerator is proposed. The supply model for electricity generation in the early years suggests the combined cycle power plant followed by solar energy at the end. However, in the low-cost electricity scenario, it is always suggested to import electricity. The sensitivity analysis showed that the emission penalty and electricity price are the most important parameters. The results of this study will help policymakers and decision-makers in energy system planning and provide researchers with appropriate information, tools, and methods for future research.
{"title":"An integrated policy approach for sustainable decarbonization pathways of energy system in a city under climate change scenarios","authors":"Ali Akbar Rezazadeh, Akram Avami","doi":"10.1016/j.enpol.2024.114394","DOIUrl":"10.1016/j.enpol.2024.114394","url":null,"abstract":"<div><div>An integrated assessment model has been developed to estimate useful energy demand, followed by an optimization model for planning the energy supply. Four scenarios have been developed. The findings of this study highlight the impact of behavioral, climate change, and socio-economic factors on energy demand and supply. Specifically, these factors can lead to significant variations in demand, such as a more than 3.48-fold difference in cooling demand or a 1.75-fold difference in the transportation demand by cars across various scenarios.</div><div>The use of a dual-fuel car and electric motorcycle is suggested in all scenarios. Waste processing has been done with a landfill in all scenarios except in the final years of the net-zero emission target scenario, where an incinerator is proposed. The supply model for electricity generation in the early years suggests the combined cycle power plant followed by solar energy at the end. However, in the low-cost electricity scenario, it is always suggested to import electricity. The sensitivity analysis showed that the emission penalty and electricity price are the most important parameters. The results of this study will help policymakers and decision-makers in energy system planning and provide researchers with appropriate information, tools, and methods for future research.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114394"},"PeriodicalIF":9.3,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142528555","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-19DOI: 10.1016/j.enpol.2024.114389
Lise Jans , Fleur Goedkoop , Goda Perlaviciute , Karen Hamann , Torsten Masson , Bram Burgerhof
Community energy initiatives (CEIs) can potentially foster a sustainable energy transition. Yet, few citizens participate in them. This paper examines how CEI governance influences their appeal. We propose that community members' and external parties' (municipality and/or enterprises) involvement in CEI governance affects their appeal through different pathways. Whereas external parties' involvement may boost the CEI's perceived collective efficacy to advance a sustainable transition, community members' involvement may enhance perceived identity leadership, reflecting the extent to which the initiative is fostering ‘us’ as a local community. Results of three experimental studies and surveys (Ntotal = 3135) conducted in four EU countries show that community members' involvement, but not external parties' involvement, in CEI governance promotes perceived efficacy and identity leadership of the CEI, and thereby its acceptability and people's willingness to join. This has important policy implications for increasing citizen participation in CEIs and the sustainable energy transition.
社区能源倡议（CEIs）有可能促进可持续能源转型。然而，很少有公民参与其中。本文探讨了社区能源行动管理如何影响其吸引力。我们提出，社区成员和外部各方（市政当局和/或企业）参与社区能源行动管理会通过不同途径影响其吸引力。外部各方的参与可能会增强 CEI 在推进可持续转型方面的集体效能感，而社区成员的参与则可能会增强身份领导力感知，反映出该倡议在多大程度上促进了 "我们 "作为当地社区的发展。在四个欧盟国家进行的三项实验研究和调查（总人数 = 3135）的结果表明，社区成员（而非外部人员）参与社区经济倡议的管理可提高社区经济倡议的感知效能和认同领导力，从而提高其可接受性和人们的参与意愿。这对提高公民参与 CEI 和可持续能源转型具有重要的政策意义。
{"title":"How bottom-up and top-down governance of community energy initiatives affects citizens’ perceptions, acceptability, and willingness to join","authors":"Lise Jans , Fleur Goedkoop , Goda Perlaviciute , Karen Hamann , Torsten Masson , Bram Burgerhof","doi":"10.1016/j.enpol.2024.114389","DOIUrl":"10.1016/j.enpol.2024.114389","url":null,"abstract":"<div><div>Community energy initiatives (CEIs) can potentially foster a sustainable energy transition. Yet, few citizens participate in them. This paper examines how CEI governance influences their appeal. We propose that community members' and external parties' (municipality and/or enterprises) involvement in CEI governance affects their appeal through different pathways. Whereas external parties' involvement may boost the CEI's perceived collective efficacy to advance a sustainable transition, community members' involvement may enhance perceived identity leadership, reflecting the extent to which the initiative is fostering ‘us’ as a local community. Results of three experimental studies and surveys (<em>N</em><sub>total</sub> = 3135) conducted in four EU countries show that community members' involvement, but not external parties' involvement, in CEI governance promotes perceived efficacy and identity leadership of the CEI, and thereby its acceptability and people's willingness to join. This has important policy implications for increasing citizen participation in CEIs and the sustainable energy transition.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114389"},"PeriodicalIF":9.3,"publicationDate":"2024-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142527837","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-19DOI: 10.1016/j.enpol.2024.114392
Antonio Thomas , Giuseppe Scandurra , Alfonso Carfora
Energy transition (ET) is becoming essential for most countries worldwide. Companies can only adapt their behaviours to the objectives set by countries’ institutions. A new research stream has thus emerged, which investigates the factors facilitating ET among companies. To date, less attention has been paid to small and medium-sized enterprises (SMEs). One of the greatest difficulties in examining SMEs is their extreme heterogeneity, making results difficult to interpret.
This study analyses the factors supporting ET among a specific population of companies in a defined territorial context: the so-called innovative SMEs belonging to a special Italian database. The high propensity towards eco-environmental innovations characterizing these SMEs and their inclination towards sustainable development suggests that their experience represents a prospective path that policymakers could adopt for other types of SMEs.
Through a partial least squares analysis of data collected from these SMEs, outcomes show that the only factor supporting the ET is the sensitivity of these economic organizations towards energy issues developed over time; that is, the corporate culture with regard to sustainability.
This result is only seemingly surprising under the specific features of these SMEs. Conversely, it presupposes new implications regarding policy measures, questioning the traditional approach based on providing incentives and/or regulations.
{"title":"Conceptualizing an interpretative framework for energy transition among Italian innovative small and medium enterprises","authors":"Antonio Thomas , Giuseppe Scandurra , Alfonso Carfora","doi":"10.1016/j.enpol.2024.114392","DOIUrl":"10.1016/j.enpol.2024.114392","url":null,"abstract":"<div><div>Energy transition (ET) is becoming essential for most countries worldwide. Companies can only adapt their behaviours to the objectives set by countries’ institutions. A new research stream has thus emerged, which investigates the factors facilitating ET among companies. To date, less attention has been paid to small and medium-sized enterprises (SMEs). One of the greatest difficulties in examining SMEs is their extreme heterogeneity, making results difficult to interpret.</div><div>This study analyses the factors supporting ET among a specific population of companies in a defined territorial context: the so-called innovative SMEs belonging to a special Italian database. The high propensity towards eco-environmental innovations characterizing these SMEs and their inclination towards sustainable development suggests that their experience represents a prospective path that policymakers could adopt for other types of SMEs.</div><div>Through a partial least squares analysis of data collected from these SMEs, outcomes show that the only factor supporting the ET is the sensitivity of these economic organizations towards energy issues developed over time; that is, the corporate culture with regard to sustainability.</div><div>This result is only seemingly surprising under the specific features of these SMEs. Conversely, it presupposes new implications regarding policy measures, questioning the traditional approach based on providing incentives and/or regulations.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114392"},"PeriodicalIF":9.3,"publicationDate":"2024-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142528553","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-18DOI: 10.1016/j.enpol.2024.114377
Zsuzsanna Csereklyei , Anne Kallies
Recent years have seen a surge in renewable generation investment in many countries, displacing traditional fossil-fuel generation at scale. Clean energy transitions have amplified existing problems of wholesale market designs and introduced new ones, including, but not limited to maintaining system resilience and reliability and ensuring adequate future investment levels. We develop an integrated legal-economic framework of wholesale electricity markets under transition conditions. The framework explains the dynamic interplay between different levels of electricity market regulation, regulatory objectives, policy instruments, market outcomes and electricity system objectives. The novelty arises from our separation and definition of the two main levels of (energy) law and regulation shaping electricity market design and their unique impact on market and system outcomes. We show that understanding and targeting the different levels of regulation matters for successfully addressing transition problems. We demonstrate the framework on the example of Australia's National Electricity Market.
{"title":"A legal-economic framework of wholesale electricity markets: Assessing Australia's transition","authors":"Zsuzsanna Csereklyei , Anne Kallies","doi":"10.1016/j.enpol.2024.114377","DOIUrl":"10.1016/j.enpol.2024.114377","url":null,"abstract":"<div><div>Recent years have seen a surge in renewable generation investment in many countries, displacing traditional fossil-fuel generation at scale. Clean energy transitions have amplified existing problems of wholesale market designs and introduced new ones, including, but not limited to maintaining system resilience and reliability and ensuring adequate future investment levels. We develop an integrated legal-economic framework of wholesale electricity markets under transition conditions. The framework explains the dynamic interplay between different levels of electricity market regulation, regulatory objectives, policy instruments, market outcomes and electricity system objectives. The novelty arises from our separation and definition of the two main levels of (energy) law and regulation shaping electricity market design and their unique impact on market and system outcomes. We show that understanding and targeting the different levels of regulation matters for successfully addressing transition problems. We demonstrate the framework on the example of Australia's National Electricity Market.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114377"},"PeriodicalIF":9.3,"publicationDate":"2024-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142446640","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-18DOI: 10.1016/j.enpol.2024.114372
Bruce E. Cain , Elisabeth R. Gerber , Nathan Lee , Susan Miller
As US local governments take on increasingly important roles in building out the infrastructure required to support a large-scale shift to electric vehicles, what factors motivate their decisions? Are they more responsive to bottom-up pressures from within their jurisdictions or top-down incentives or constraints from the state and national governments? We test hypotheses about the drivers of local government decision-making with data from a recent survey of US local government officials. Leveraging the unique timing of our study, which was launched just after massive new federal resources were announced, we find that bottom-up pressures remain central drivers of local government action. These results shed new light on the role of local government in the development of new infrastructure systems, in general, and in the transition to a national electric vehicle network, in particular.
{"title":"Investing in the future of mobility: The role of US local governments in building EV infrastructure","authors":"Bruce E. Cain , Elisabeth R. Gerber , Nathan Lee , Susan Miller","doi":"10.1016/j.enpol.2024.114372","DOIUrl":"10.1016/j.enpol.2024.114372","url":null,"abstract":"<div><div>As US local governments take on increasingly important roles in building out the infrastructure required to support a large-scale shift to electric vehicles, what factors motivate their decisions? Are they more responsive to bottom-up pressures from within their jurisdictions or top-down incentives or constraints from the state and national governments? We test hypotheses about the drivers of local government decision-making with data from a recent survey of US local government officials. Leveraging the unique timing of our study, which was launched just after massive new federal resources were announced, we find that bottom-up pressures remain central drivers of local government action. These results shed new light on the role of local government in the development of new infrastructure systems, in general, and in the transition to a national electric vehicle network, in particular.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114372"},"PeriodicalIF":9.3,"publicationDate":"2024-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142446639","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-17DOI: 10.1016/j.enpol.2024.114386
Yang Liu , Junying Du , Kun Wang
China's economy is growing at an impressive pace, but it also reveals some issues with uneven and inadequate development. This is particularly evident in the energy sector, where renewable energy is making rapid progress, but energy inequality remains a persistent concern that could impede efforts to achieve common prosperity. This paper analyzes the challenges posed by energy inequality to achieving common prosperity in China. This study analyzes the influence of energy inequality on common prosperity using the system-generalized method of moments (SYS-GMM) technique. The study results indicate that energy inequality has a significant negative impact on common prosperity. This Research also conducts a mechanism analysis, which demonstrates that energy inequality has an indirect impact on reducing common prosperity by decreasing labor productivity and increasing air pollution. In addition, the heterogeneity analysis also shows that in regions with high levels of energy inequality and high levels of common prosperity, as well as in western regions, the problem of energy inequality has a more significant obstructive effect on achieving common prosperity. Drawing from the findings, this study suggests several policy implications that the Chinese government can implement to address energy inequality and promote common prosperity.
{"title":"Towards common prosperity: The role of mitigating energy inequality","authors":"Yang Liu , Junying Du , Kun Wang","doi":"10.1016/j.enpol.2024.114386","DOIUrl":"10.1016/j.enpol.2024.114386","url":null,"abstract":"<div><div>China's economy is growing at an impressive pace, but it also reveals some issues with uneven and inadequate development. This is particularly evident in the energy sector, where renewable energy is making rapid progress, but energy inequality remains a persistent concern that could impede efforts to achieve common prosperity. This paper analyzes the challenges posed by energy inequality to achieving common prosperity in China. This study analyzes the influence of energy inequality on common prosperity using the system-generalized method of moments (SYS-GMM) technique. The study results indicate that energy inequality has a significant negative impact on common prosperity. This Research also conducts a mechanism analysis, which demonstrates that energy inequality has an indirect impact on reducing common prosperity by decreasing labor productivity and increasing air pollution. In addition, the heterogeneity analysis also shows that in regions with high levels of energy inequality and high levels of common prosperity, as well as in western regions, the problem of energy inequality has a more significant obstructive effect on achieving common prosperity. Drawing from the findings, this study suggests several policy implications that the Chinese government can implement to address energy inequality and promote common prosperity.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114386"},"PeriodicalIF":9.3,"publicationDate":"2024-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142446636","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-16DOI: 10.1016/j.enpol.2024.114388
Martin Björklund , Fredrik von Malmborg , Lina La Fleur , Johan Nordensvärd
The Council is the voice of the member states' governments in the EU policymaking process and the institutional setting where member states can enforce their national interest. The literature on Council decision-making has previously mostly used expert interviews or voting patterns. Through a detailed examination of one specific legislative file in the recent ‘Fit for 55’ climate package in which subsidiarity and varying national conditions is central, this study focus on how disagreements between member states are resolved and how strategic word framing can aid in resolving political controversies in EU energy policy. This article analyses Council working group meeting notes and revisions of the recent recast of the Energy Performance of Buildings Directive, providing a unique look behind the curtains of negotiations between member states in the Council within a deliberative intergovernmental framework. A mix of quantitative and qualitative text analysis is applied to deliberations and legislative revisions. The findings show that a fragile consensus is reached despite disagreement through enabling of national flexibility in policy decisions, indicating that the Council determines the speed of European integration in the policy domain.
{"title":"Going beyond the Council as brake of EU energy policy: Analysing the internal process of the Council in the recast of the Energy Performance of Buildings Directive","authors":"Martin Björklund , Fredrik von Malmborg , Lina La Fleur , Johan Nordensvärd","doi":"10.1016/j.enpol.2024.114388","DOIUrl":"10.1016/j.enpol.2024.114388","url":null,"abstract":"<div><div>The Council is the voice of the member states' governments in the EU policymaking process and the institutional setting where member states can enforce their national interest. The literature on Council decision-making has previously mostly used expert interviews or voting patterns. Through a detailed examination of one specific legislative file in the recent ‘Fit for 55’ climate package in which subsidiarity and varying national conditions is central, this study focus on how disagreements between member states are resolved and how strategic word framing can aid in resolving political controversies in EU energy policy. This article analyses Council working group meeting notes and revisions of the recent recast of the Energy Performance of Buildings Directive, providing a unique look behind the curtains of negotiations between member states in the Council within a deliberative intergovernmental framework. A mix of quantitative and qualitative text analysis is applied to deliberations and legislative revisions. The findings show that a fragile consensus is reached despite disagreement through enabling of national flexibility in policy decisions, indicating that the Council determines the speed of European integration in the policy domain.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":""},"PeriodicalIF":9.3,"publicationDate":"2024-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142441436","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-12DOI: 10.1016/j.enpol.2024.114373
Ibrahim Shittu , Abdul Rais Abdul Latiff , Siti ‘Aisyah Baharudin , Saidatulakmal Mohd
Fossil fuel subsidy reform is a critical strategy for fostering cleaner energy systems and promoting sustainable development. The Malaysian government has signalled commitments to implement a targeted fuel subsidy reform where vulnerable households would be unaffected by the direct impact of higher fuel prices even after the reform. But despite this commitment, little is known about the economy-wide impact of the reform. This study employs a dynamic Computable General Equilibrium (CGE) model to examine the economic, social, and environmental impact of a targeted fuel subsidy removal in Malaysia under a spontaneous and gradual implementation scenario. The research also explores the impact of direct cash transfers to households and reinvestment in key sectors of the economy in the aftermath of the reform. Results from the study show that subsidy removal brings positive gains to the Malaysian economy in the medium to long term. Sequencing the phaseout of subsidies, providing compensation to vulnerable households, and reinvesting in education, health, transportation, and food assistance helps to avoid short-term adverse effects on households and output. The study recommends the need for a gradual removal of fuel subsidies that is accompanied by cash transfers to vulnerable households and investment in key sectors of the economy.
{"title":"Economy-wide impact of targeting and repurposing fossil fuel subsidies in Malaysia","authors":"Ibrahim Shittu , Abdul Rais Abdul Latiff , Siti ‘Aisyah Baharudin , Saidatulakmal Mohd","doi":"10.1016/j.enpol.2024.114373","DOIUrl":"10.1016/j.enpol.2024.114373","url":null,"abstract":"<div><div>Fossil fuel subsidy reform is a critical strategy for fostering cleaner energy systems and promoting sustainable development. The Malaysian government has signalled commitments to implement a targeted fuel subsidy reform where vulnerable households would be unaffected by the direct impact of higher fuel prices even after the reform. But despite this commitment, little is known about the economy-wide impact of the reform. This study employs a dynamic Computable General Equilibrium (CGE) model to examine the economic, social, and environmental impact of a targeted fuel subsidy removal in Malaysia under a spontaneous and gradual implementation scenario. The research also explores the impact of direct cash transfers to households and reinvestment in key sectors of the economy in the aftermath of the reform. Results from the study show that subsidy removal brings positive gains to the Malaysian economy in the medium to long term. Sequencing the phaseout of subsidies, providing compensation to vulnerable households, and reinvesting in education, health, transportation, and food assistance helps to avoid short-term adverse effects on households and output. The study recommends the need for a gradual removal of fuel subsidies that is accompanied by cash transfers to vulnerable households and investment in key sectors of the economy.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114373"},"PeriodicalIF":9.3,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142421098","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-10-11DOI: 10.1016/j.enpol.2024.114370
Botao Qin , Siyuan Xie , Chenyang Xu
Non-monetary incentives are increasingly being studied in encouraging energy conservation. In light of this, we conducted a natural field experiment in student dormitories to assess the effect of social recognition and goal setting on electricity saving and the intrinsic motivation to save energy. Using a difference-in-difference model, we found that goal setting reduced the dormitories’ electricity consumption by 15.93% on average compared to the control group. However, social recognition was not effective on average. In addition, the study found that both social recognition and goal setting, on average, did not crowd out or crowd in the intrinsic motivation to save electricity in dormitories. The heterogeneity analysis showed that dormitory characteristics affect the crowding effect on the intrinsic motivation.
{"title":"Social recognition, goal setting, and energy conservation: Evidence from a field experiment in student dormitories","authors":"Botao Qin , Siyuan Xie , Chenyang Xu","doi":"10.1016/j.enpol.2024.114370","DOIUrl":"10.1016/j.enpol.2024.114370","url":null,"abstract":"<div><div>Non-monetary incentives are increasingly being studied in encouraging energy conservation. In light of this, we conducted a natural field experiment in student dormitories to assess the effect of social recognition and goal setting on electricity saving and the intrinsic motivation to save energy. Using a difference-in-difference model, we found that goal setting reduced the dormitories’ electricity consumption by 15.93% on average compared to the control group. However, social recognition was not effective on average. In addition, the study found that both social recognition and goal setting, on average, did not crowd out or crowd in the intrinsic motivation to save electricity in dormitories. The heterogeneity analysis showed that dormitory characteristics affect the crowding effect on the intrinsic motivation.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"195 ","pages":"Article 114370"},"PeriodicalIF":9.3,"publicationDate":"2024-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142421093","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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