M. Irfan, Y. Hao, M. Ikram, Haitao Wu, R. Akram, Abdul Rauf
Abstract The acceptance of renewable energy technologies is a complicated and multifaceted process influenced by a broad range of factors. Therefore, this study aims to examine the factors influencing consumer intention to utilize renewable energy (RE). Moreover, the current research highlights the factors that encourage or discourage consumers from utilizing RE by expanding the structural context of the Theory of Planned Behavior (TPB) by integrating three new considerations (the perception of self-effectiveness, beliefs about the benefits of RE, and perception about neighbor participation). The data used for analysis were collected from 351 households in four large cities, including Rawalpindi, Lahore, Gujranwala, and Faisalabad, in Pakistan. We utilized the Structural Equation Modeling (SEM) approach to check the relationship between constructs and latent variables. The results reveal that the driving factors, i.e., the perception of self-effectiveness, awareness, and perception about neighbor participation have significant and positive effects on consumer intention to utilize RE. However, consumer beliefs related to the cost of RE utilization have a negative effect on their intention to utilize RE. More interestingly, it was observed that beliefs about the benefits of RE and environmental concern have insignificant effects. The outcomes of this study can assist policy makers, experts and consumers in understanding renewable energy consumption and gaining awareness about environmental problems while simultaneously improving environmental sustainability practices.
{"title":"Assessment of the Public Acceptance and Utilization of Renewable Energy in Pakistan","authors":"M. Irfan, Y. Hao, M. Ikram, Haitao Wu, R. Akram, Abdul Rauf","doi":"10.2139/ssrn.3811627","DOIUrl":"https://doi.org/10.2139/ssrn.3811627","url":null,"abstract":"Abstract The acceptance of renewable energy technologies is a complicated and multifaceted process influenced by a broad range of factors. Therefore, this study aims to examine the factors influencing consumer intention to utilize renewable energy (RE). Moreover, the current research highlights the factors that encourage or discourage consumers from utilizing RE by expanding the structural context of the Theory of Planned Behavior (TPB) by integrating three new considerations (the perception of self-effectiveness, beliefs about the benefits of RE, and perception about neighbor participation). The data used for analysis were collected from 351 households in four large cities, including Rawalpindi, Lahore, Gujranwala, and Faisalabad, in Pakistan. We utilized the Structural Equation Modeling (SEM) approach to check the relationship between constructs and latent variables. The results reveal that the driving factors, i.e., the perception of self-effectiveness, awareness, and perception about neighbor participation have significant and positive effects on consumer intention to utilize RE. However, consumer beliefs related to the cost of RE utilization have a negative effect on their intention to utilize RE. More interestingly, it was observed that beliefs about the benefits of RE and environmental concern have insignificant effects. The outcomes of this study can assist policy makers, experts and consumers in understanding renewable energy consumption and gaining awareness about environmental problems while simultaneously improving environmental sustainability practices.","PeriodicalId":152094,"journal":{"name":"DecisionSciRN: Decision-Making in Energy & Utilities (Topic)","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127680857","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study examines whether sell-side equity analysts help the market assimilate information contained in global climate change. Using a new measure of firm sensitivity to climate change, we show that analysts located in states where firms exhibit greater sensitivity to abnormal temperature changes issue relatively less optimistic and more accurate forecasts in periods following large temperature increases. These effects are stronger for firms that are more sensitive to temperature changes. High temperature sensitivity firms also have lower consensus forecasts and higher earnings surprises, which generate higher stock market reaction following earnings announcements. Collectively, the evidence suggests that certain sell-side equity analysts incorporate news about climate change in their earnings forecasts and, consequently, earnings information is incorporated into prices quicker.
{"title":"Climate Change, Analyst Forecasts, and Market Behavior","authors":"Carina Cuculiza, Alok Kumar, Wei Xin, Chendi Zhang","doi":"10.2139/ssrn.3781157","DOIUrl":"https://doi.org/10.2139/ssrn.3781157","url":null,"abstract":"This study examines whether sell-side equity analysts help the market assimilate information contained in global climate change. Using a new measure of firm sensitivity to climate change, we show that analysts located in states where firms exhibit greater sensitivity to abnormal temperature changes issue relatively less optimistic and more accurate forecasts in periods following large temperature increases. These effects are stronger for firms that are more sensitive to temperature changes. High temperature sensitivity firms also have lower consensus forecasts and higher earnings surprises, which generate higher stock market reaction following earnings announcements. Collectively, the evidence suggests that certain sell-side equity analysts incorporate news about climate change in their earnings forecasts and, consequently, earnings information is incorporated into prices quicker.","PeriodicalId":152094,"journal":{"name":"DecisionSciRN: Decision-Making in Energy & Utilities (Topic)","volume":"111 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131585498","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper aims at increasing the choice of regional agreements where developed and developing countries participate, by considering two strategies. We present a new strategy based on that of Asheim et al. (2006, Journal of Environmental Economics and Management, vol.51, pp.93-109), designating the countries that are permitted to punish non-compliance, to sustain the agreement. If a country deviates from the strategy, the same type of countries as the deviator will take cooperative action (reduce emissions), whereas the other type of countries, which are different from the deviator, will take punishment action (not reduce emissions). Unlike previous studies, this study focuses on the feasibility of IEAs rather than the number of signatories. We adopt two strategies and compares the condition for a weakly renegotiation-proof equilibrium between them. A main finding is that on the negotiation table before agreements start, the negotiating countries have several choices regarding the number of signatories by considering two strategies. The results would be significant for the future success of a treaty for climate change in terms of IEA feasibility.
本文旨在通过考虑两项战略，增加发达国家和发展中国家参与的区域协定的选择。我们在Asheim等人(2006,Journal of Environmental Economics and Management, vol.51, pp.93-109)的基础上提出了一种新的策略，指定允许惩罚不遵守协议的国家，以维持协议。如果一个国家偏离了战略，与偏离者相同类型的国家将采取合作行动(减排)，而与偏离者不同类型的国家将采取惩罚行动(不减排)。与以往的研究不同，这项研究侧重于国际环境协定的可行性，而不是签署国的数量。我们采用了两种策略，并比较了它们之间弱抗再协商均衡的条件。一个主要的发现是，在协议开始之前的谈判桌上，谈判国通过考虑两种策略，对签署国的数量有几种选择。就国际能源机构的可行性而言，其结果将对未来气候变化条约的成功意义重大。
{"title":"Two Regional Agreements Between Developed and Developing Countries: The Choice of Two Strategies","authors":"Nobuyuki Takashima","doi":"10.2139/ssrn.3463562","DOIUrl":"https://doi.org/10.2139/ssrn.3463562","url":null,"abstract":"This paper aims at increasing the choice of regional agreements where developed and developing countries participate, by considering two strategies. We present a new strategy based on that of Asheim et al. (2006, Journal of Environmental Economics and Management, vol.51, pp.93-109), designating the countries that are permitted to punish non-compliance, to sustain the agreement. If a country deviates from the strategy, the same type of countries as the deviator will take cooperative action (reduce emissions), whereas the other type of countries, which are different from the deviator, will take punishment action (not reduce emissions). Unlike previous studies, this study focuses on the feasibility of IEAs rather than the number of signatories. We adopt two strategies and compares the condition for a weakly renegotiation-proof equilibrium between them. A main finding is that on the negotiation table before agreements start, the negotiating countries have several choices regarding the number of signatories by considering two strategies. The results would be significant for the future success of a treaty for climate change in terms of IEA feasibility.","PeriodicalId":152094,"journal":{"name":"DecisionSciRN: Decision-Making in Energy & Utilities (Topic)","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134244083","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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