Pub Date : 2023-12-28DOI: 10.1108/ijesm-07-2023-0019
Yadong Dou, Xiaolong Zhang, Ling Chen
Purpose The coal-fired power plants have been confronted with new operation challenge since the unified carbon trading market was launched in China. To make the optimal decision for the carbon emissions and power production has already been an important subject for the plants. Most of the previous studies only considered the market prices of electricity and coal to optimize the generation plan. However, with the opening of the carbon trading market, carbon emission has become a restrictive factor for power generation. By introducing the carbon-reduction target in the production decision, this study aims to achieve both the environmental and economic benefits for the coal-fired power plants to positively deal with the operational pressure. Design/methodology/approach A dynamic optimization approach with both long- and short-term decisions was proposed in this study to control the carbon emissions and power production. First, the operation rules of carbon, electricity and coal markets are analyzed, and a two-step decision-making algorithm for annual and weekly production is presented. Second, a production profit model based on engineering constraints is established, and a greedy heuristics algorithm is applied in the Gurobi solver to obtain the amounts of weekly carbon emission, power generation and coal purchasing. Finally, an example analysis is carried out with five generators of a coal-fired power plant for illustration. Findings The results show that the joint information of the multiple markets of carbon, electricity and coal determines the real profitability of power production, which can assist the plants to optimize their production and increase the profits. The case analyses demonstrate that the carbon emission is reduced by 2.89% according to the authors’ method, while the annual profit is improved by 1.55%. Practical implications As an important power producer and high carbon emitter, coal-fired power plants should actively participate in the carbon market. Rather than trade blindly at the end of the agreement period, they should deeply associate the prices of carbon, electricity and coal together and realize optimal management of carbon emission and production decision efficiently. Originality/value This paper offers an effective method for the coal-fired power plant, which is struggling to survive, to manage its carbon emission and power production optimally.
{"title":"Research on optimal carbon emissions in the production decision of the coal-fired power plant","authors":"Yadong Dou, Xiaolong Zhang, Ling Chen","doi":"10.1108/ijesm-07-2023-0019","DOIUrl":"https://doi.org/10.1108/ijesm-07-2023-0019","url":null,"abstract":"Purpose The coal-fired power plants have been confronted with new operation challenge since the unified carbon trading market was launched in China. To make the optimal decision for the carbon emissions and power production has already been an important subject for the plants. Most of the previous studies only considered the market prices of electricity and coal to optimize the generation plan. However, with the opening of the carbon trading market, carbon emission has become a restrictive factor for power generation. By introducing the carbon-reduction target in the production decision, this study aims to achieve both the environmental and economic benefits for the coal-fired power plants to positively deal with the operational pressure. Design/methodology/approach A dynamic optimization approach with both long- and short-term decisions was proposed in this study to control the carbon emissions and power production. First, the operation rules of carbon, electricity and coal markets are analyzed, and a two-step decision-making algorithm for annual and weekly production is presented. Second, a production profit model based on engineering constraints is established, and a greedy heuristics algorithm is applied in the Gurobi solver to obtain the amounts of weekly carbon emission, power generation and coal purchasing. Finally, an example analysis is carried out with five generators of a coal-fired power plant for illustration. Findings The results show that the joint information of the multiple markets of carbon, electricity and coal determines the real profitability of power production, which can assist the plants to optimize their production and increase the profits. The case analyses demonstrate that the carbon emission is reduced by 2.89% according to the authors’ method, while the annual profit is improved by 1.55%. Practical implications As an important power producer and high carbon emitter, coal-fired power plants should actively participate in the carbon market. Rather than trade blindly at the end of the agreement period, they should deeply associate the prices of carbon, electricity and coal together and realize optimal management of carbon emission and production decision efficiently. Originality/value This paper offers an effective method for the coal-fired power plant, which is struggling to survive, to manage its carbon emission and power production optimally.","PeriodicalId":46430,"journal":{"name":"International Journal of Energy Sector Management","volume":"325 5","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139152445","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}
Pub Date : 2023-12-26DOI: 10.1108/ijesm-05-2023-0016
Mohd Arshad Ansari, Mohammad Rais Ahmad, Pushp Kumar, A. Yadav, Rajveer Kaur Ritu
Purpose This study aims to examine the impact of oil consumption on carbon dioxide (CO2) emissions and total factor productivity (TFP) in highly oil-consuming countries of the world from 1995 to 2019. Design/methodology/approach For this purpose, fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) are applied. Findings FMOLS and DOLS models reveal that oil consumption, human capital, population, trade openness and nonrenewable energy have a significant positive effect on CO2 emissions. While information and communication technology (ICT), as proxied by mobile and natural resources, has a significant negative effect on CO2 emissions. In the case of TFP, oil consumption, ICT and natural resources have a significant positive effect on the TFP. On the other hand, trade openness, population, human capital and nonrenewable energy have a significant negative effect on TFP. The results of this study can help to provide policy recommendations to reduce CO2 emissions in studied highly oil-consuming countries of the world. Originality/value Due to the threat to sustainable development, climate change has become a major topic for debate around the world. The influence of oil consumption on CO2 emission and TFP is less known in the available literature. Another significance of this study is that many researchers considered aggregate energy consumption to study this relationship, but the authors have studied the effect of energy consumption, particularly from oil in the top oil-consuming countries, which is a significant shortcoming of the present research.
{"title":"Examining the consumption of oil on total factor productivity and CO2 emissions: an analysis of highly oil-consuming countries","authors":"Mohd Arshad Ansari, Mohammad Rais Ahmad, Pushp Kumar, A. Yadav, Rajveer Kaur Ritu","doi":"10.1108/ijesm-05-2023-0016","DOIUrl":"https://doi.org/10.1108/ijesm-05-2023-0016","url":null,"abstract":"Purpose This study aims to examine the impact of oil consumption on carbon dioxide (CO2) emissions and total factor productivity (TFP) in highly oil-consuming countries of the world from 1995 to 2019. Design/methodology/approach For this purpose, fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) are applied. Findings FMOLS and DOLS models reveal that oil consumption, human capital, population, trade openness and nonrenewable energy have a significant positive effect on CO2 emissions. While information and communication technology (ICT), as proxied by mobile and natural resources, has a significant negative effect on CO2 emissions. In the case of TFP, oil consumption, ICT and natural resources have a significant positive effect on the TFP. On the other hand, trade openness, population, human capital and nonrenewable energy have a significant negative effect on TFP. The results of this study can help to provide policy recommendations to reduce CO2 emissions in studied highly oil-consuming countries of the world. Originality/value Due to the threat to sustainable development, climate change has become a major topic for debate around the world. The influence of oil consumption on CO2 emission and TFP is less known in the available literature. Another significance of this study is that many researchers considered aggregate energy consumption to study this relationship, but the authors have studied the effect of energy consumption, particularly from oil in the top oil-consuming countries, which is a significant shortcoming of the present research.","PeriodicalId":46430,"journal":{"name":"International Journal of Energy Sector Management","volume":"25 52","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139156137","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}
Pub Date : 2023-12-26DOI: 10.1108/ijesm-04-2023-0025
Nirmal Kaur, S. S. Bedi, Jagwinder Singh
Purpose This study aims to examine the antecedents of purchase intention toward energy efficient air conditioners by incorporating the theory of planned behavior (TPB) with two additional constructs, i.e. environmental concern and personal norms. TPB is one of the most widely used theoretical framework to study consumer behavior. Design/methodology/approach The study applied a quantitative technique using a survey method by distributing self-administered questionnaires among the Indian households who have purchased energy efficient air conditioners in the past six months or had enquired to do so. The study collected data from three select regions: Delhi and NCR, Punjab and Tri-city. The collected data of 424 respondents have been analyzed using confirmatory factor analysis and structural equation modeling. Findings The study posits that normative factors such as subjective norms and personal norms have a relatively higher influence on purchase intention. Despite the significant existence of environmental concern, the study did not find environmental concern directly influencing purchase intention. Research limitations/implications The sample size of the study is too small and pertains to specific regions. Thus, it could hinder the generalizability of the results. Advertisement appeals should be related with enhancement of self-esteem in terms of making responsible and valuable contribution to environment protection through the purchase of energy efficient air conditioner. Originality/value There are a few studies in the Indian context studying consumer’s purchase intention toward energy efficient air conditioners to which this study adds. The study provides an important contribution to marketers in developing strategies for increasing purchase intention toward energy efficient air conditioners in view of their stage in the product life cycle, diffusion of product and influence of normative factors.
{"title":"Factors influencing purchase intention towards energy efficient air conditioners: a study of Indian households","authors":"Nirmal Kaur, S. S. Bedi, Jagwinder Singh","doi":"10.1108/ijesm-04-2023-0025","DOIUrl":"https://doi.org/10.1108/ijesm-04-2023-0025","url":null,"abstract":"Purpose This study aims to examine the antecedents of purchase intention toward energy efficient air conditioners by incorporating the theory of planned behavior (TPB) with two additional constructs, i.e. environmental concern and personal norms. TPB is one of the most widely used theoretical framework to study consumer behavior. Design/methodology/approach The study applied a quantitative technique using a survey method by distributing self-administered questionnaires among the Indian households who have purchased energy efficient air conditioners in the past six months or had enquired to do so. The study collected data from three select regions: Delhi and NCR, Punjab and Tri-city. The collected data of 424 respondents have been analyzed using confirmatory factor analysis and structural equation modeling. Findings The study posits that normative factors such as subjective norms and personal norms have a relatively higher influence on purchase intention. Despite the significant existence of environmental concern, the study did not find environmental concern directly influencing purchase intention. Research limitations/implications The sample size of the study is too small and pertains to specific regions. Thus, it could hinder the generalizability of the results. Advertisement appeals should be related with enhancement of self-esteem in terms of making responsible and valuable contribution to environment protection through the purchase of energy efficient air conditioner. Originality/value There are a few studies in the Indian context studying consumer’s purchase intention toward energy efficient air conditioners to which this study adds. The study provides an important contribution to marketers in developing strategies for increasing purchase intention toward energy efficient air conditioners in view of their stage in the product life cycle, diffusion of product and influence of normative factors.","PeriodicalId":46430,"journal":{"name":"International Journal of Energy Sector Management","volume":"80 7","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139156790","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}
Pub Date : 2023-12-25DOI: 10.1108/ijesm-02-2023-0007
Lakshminarayana Kompella
Purpose Organizations use innovations and respond to external pressures, creating a transition to the sociotechnical system. In their transitions, they interact with the environment and undergo adaptation-selection. The extant literature used a multilevel perspective (MLP) with a structural view and examined dynamics and transitions (phenomena) in a noninterventionistic setting. This study aims to examine the dynamics and phenomena with a microstructural or functional view and expand the MLP; this paper uses neo-institutionalism and human values as part of the functional view. Moreover, when the authors examine the phenomena in an interventionistic setting, they can obtain certain unique dynamics and their influence on the phenomena. Design/methodology/approach The authors need to examine the phenomena in its setting, so this paper selected a case study, Indian electricity generation. For diverse heuristic and analytic views, it selected two Indian states. Findings The findings from the functional view showed that organizations exhibit certain traits of neo-institutionalism and human values, which mediate their responses (behavior) to external pressures. Additionally, due to the interventionist state, their dynamics use shaping instead of selection logic for innovations, which decides the transition pathway selection (technology adoption). It further decided the extent to which innovations cumulate as stable designs. As a result, the responses and the transition provide benefits in the short term while invariably failing in the long term. Research limitations/implications By selecting cases with higher investments in renewable energies and combustible fuels, the authors can expand the functional view to include user typologies such as producers, intermediaries and citizen groups and obtain further insights into transitions. Practical implications The study highlights the generation dynamics specific to Indian electricity generation and its transition pathways. The study’s outcome provides insights to researchers and practitioners in formulating policy changes and transforming electricity generation. Originality/value The study uses a functional view comprising neo-institutionalism and human values and expands the sociotechnical transition theory. In addition, selecting an interventionist setting provided insights into dynamics specific to organizational behavior and associated services. Finally, the obtained insights offer suggestions for technology development to better manage transitions with adaptation-selection.
{"title":"Functional view and technological progress of a sociotechnical system: illustrated with an interventionist state","authors":"Lakshminarayana Kompella","doi":"10.1108/ijesm-02-2023-0007","DOIUrl":"https://doi.org/10.1108/ijesm-02-2023-0007","url":null,"abstract":"\u0000Purpose\u0000Organizations use innovations and respond to external pressures, creating a transition to the sociotechnical system. In their transitions, they interact with the environment and undergo adaptation-selection. The extant literature used a multilevel perspective (MLP) with a structural view and examined dynamics and transitions (phenomena) in a noninterventionistic setting. This study aims to examine the dynamics and phenomena with a microstructural or functional view and expand the MLP; this paper uses neo-institutionalism and human values as part of the functional view. Moreover, when the authors examine the phenomena in an interventionistic setting, they can obtain certain unique dynamics and their influence on the phenomena.\u0000\u0000\u0000Design/methodology/approach\u0000The authors need to examine the phenomena in its setting, so this paper selected a case study, Indian electricity generation. For diverse heuristic and analytic views, it selected two Indian states.\u0000\u0000\u0000Findings\u0000The findings from the functional view showed that organizations exhibit certain traits of neo-institutionalism and human values, which mediate their responses (behavior) to external pressures. Additionally, due to the interventionist state, their dynamics use shaping instead of selection logic for innovations, which decides the transition pathway selection (technology adoption). It further decided the extent to which innovations cumulate as stable designs. As a result, the responses and the transition provide benefits in the short term while invariably failing in the long term.\u0000\u0000\u0000Research limitations/implications\u0000By selecting cases with higher investments in renewable energies and combustible fuels, the authors can expand the functional view to include user typologies such as producers, intermediaries and citizen groups and obtain further insights into transitions.\u0000\u0000\u0000Practical implications\u0000The study highlights the generation dynamics specific to Indian electricity generation and its transition pathways. The study’s outcome provides insights to researchers and practitioners in formulating policy changes and transforming electricity generation.\u0000\u0000\u0000Originality/value\u0000The study uses a functional view comprising neo-institutionalism and human values and expands the sociotechnical transition theory. In addition, selecting an interventionist setting provided insights into dynamics specific to organizational behavior and associated services. Finally, the obtained insights offer suggestions for technology development to better manage transitions with adaptation-selection.\u0000","PeriodicalId":46430,"journal":{"name":"International Journal of Energy Sector Management","volume":"53 4","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138943624","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}
Pub Date : 2023-12-25DOI: 10.1108/ijesm-01-2023-0021
Sankaa Sepee, Azmeraw Ayehu Tesfahun
Purpose The use of energy efficient cookstoves (EECS) has been promoted for a long and considered as instrumental in the efforts to mitigate the multiple social, economic and environmental consequences of traditional biomass cookstoves. Despite this, the adoption of EECS in pre-urban and rural Ethiopia is still very low. In response to this, the government of Ethiopia, in collaboration with international development organizations, implemented numerous initiatives aimed at improving the availability and use of EECS as part of the effort to support sustainable development. However, very little is known about the impact of the introduced EECS on improving the welfare of women. The purpose of this study is, therefore, to assess the impact of improved cookstoves projects on the welfare of women in Yaya Gullele district, Ethiopia. Design/methodology/approach A mixed research design was adopted to conduct the study. The quantitative data for the study were collected using a structured questionnaire by interviewing 388 randomly selected respondents. The data were analysed using both descriptive and inferential data analysis techniques, including the propensity score matching model using STATA. Findings Results of the study revealed that adoption of EECS has reduced fuel wood expense (124.65 Ethiopian Birr [ETB]/week), reduced five-year stove expense (404.67 ETB) and increased regular savings (116.58 ETB/month), which contributed for an increased annual income of participants (5,594.42 ETB). The result of the study also indicated that the use of EECS enabled the beneficiary women to reduce the amount of fuel wood use by 29.4 kg/week, which in turn reduced forest degradation and emission by 2.34 tons of CO2e/year/household. Besides, it reduced the drudgery on women in terms of reduced time to cook (53 min/day), reduced time to collect fuelwood and prepare food (3.95 h/week) and reduced frequency of fuelwood collection trips (3.42 trips/week). The study results, in general, indicated that the adoption of EECS improved the welfare of women in the study area, where the majority of women have been suffering from the burden of using traditional stoves and associated impacts for a long. Practical implications Energy is central to most of the development-related challenges and opportunities every country faces today. The result of the study implied that policies and strategies intended at improving the availability and use of EECS as part of the effort to support sustainable development need to consider integrating such context-referenced, locally manageable and affordable EECS into the clean developmental strategies of the country. Originality/value Insights from this study can support development practitioners and policymakers to make informed decisions regarding future interventions in the use of energy efficient that have the potential to several economic, social and environmental positive development outcomes.
{"title":"Energy, gender and development: the impact of energy efficient cookstoves intervention on the welfare of women in Ethiopia","authors":"Sankaa Sepee, Azmeraw Ayehu Tesfahun","doi":"10.1108/ijesm-01-2023-0021","DOIUrl":"https://doi.org/10.1108/ijesm-01-2023-0021","url":null,"abstract":"\u0000Purpose\u0000The use of energy efficient cookstoves (EECS) has been promoted for a long and considered as instrumental in the efforts to mitigate the multiple social, economic and environmental consequences of traditional biomass cookstoves. Despite this, the adoption of EECS in pre-urban and rural Ethiopia is still very low. In response to this, the government of Ethiopia, in collaboration with international development organizations, implemented numerous initiatives aimed at improving the availability and use of EECS as part of the effort to support sustainable development. However, very little is known about the impact of the introduced EECS on improving the welfare of women. The purpose of this study is, therefore, to assess the impact of improved cookstoves projects on the welfare of women in Yaya Gullele district, Ethiopia.\u0000\u0000\u0000Design/methodology/approach\u0000A mixed research design was adopted to conduct the study. The quantitative data for the study were collected using a structured questionnaire by interviewing 388 randomly selected respondents. The data were analysed using both descriptive and inferential data analysis techniques, including the propensity score matching model using STATA.\u0000\u0000\u0000Findings\u0000Results of the study revealed that adoption of EECS has reduced fuel wood expense (124.65 Ethiopian Birr [ETB]/week), reduced five-year stove expense (404.67 ETB) and increased regular savings (116.58 ETB/month), which contributed for an increased annual income of participants (5,594.42 ETB). The result of the study also indicated that the use of EECS enabled the beneficiary women to reduce the amount of fuel wood use by 29.4 kg/week, which in turn reduced forest degradation and emission by 2.34 tons of CO2e/year/household. Besides, it reduced the drudgery on women in terms of reduced time to cook (53 min/day), reduced time to collect fuelwood and prepare food (3.95 h/week) and reduced frequency of fuelwood collection trips (3.42 trips/week). The study results, in general, indicated that the adoption of EECS improved the welfare of women in the study area, where the majority of women have been suffering from the burden of using traditional stoves and associated impacts for a long.\u0000\u0000\u0000Practical implications\u0000Energy is central to most of the development-related challenges and opportunities every country faces today. The result of the study implied that policies and strategies intended at improving the availability and use of EECS as part of the effort to support sustainable development need to consider integrating such context-referenced, locally manageable and affordable EECS into the clean developmental strategies of the country.\u0000\u0000\u0000Originality/value\u0000Insights from this study can support development practitioners and policymakers to make informed decisions regarding future interventions in the use of energy efficient that have the potential to several economic, social and environmental positive development outcomes.\u0000","PeriodicalId":46430,"journal":{"name":"International Journal of Energy Sector Management","volume":"48 8","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138943773","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}
Pub Date : 2023-12-21DOI: 10.1108/ijesm-09-2023-0003
Brendah Akankunda, S. K. Nkundabanyanga, M. Adaramola, T. Kaawaase
Purpose The purpose of this study is to investigate the connections between the regulatory governance, human capital, stakeholder orientation, management control systems (MCSs) and sustainable performance (SP) of power companies. The authors especially looked at how much regulatory governance, human capital, stakeholder orientation and MCSs affect the SP across power companies in Uganda. Design/methodology/approach This is a cross-sectional and correlational study. Data were collected from 105 power companies using a questionnaire and analysed using SPSS. Findings Stakeholder orientation, MCSs, human capital and regulatory governance significantly predict variances in the SP of power providers in Uganda. Stakeholder orientation is the most important predictor of SP of power companies. Research limitations/implications The absence of validation from important stakeholders and the major reliance on company-provided data in existing research on SP raises the possibility of self-desirability bias. To evaluate and verify the information supplied by firms with external stakeholders, further studies might consider using an explanatory mixed methods technique, in which quantitative data are initially gathered from the managers of power companies and analysed and then validated by interviews with important stakeholders. Originality/value Using stakeholder, legitimacy and resource-based theories has provided a better explanation for SP which is a multi-dimensional notion. Moreover, the study adds to the body of perception-based research that offers direct management incentives for SP. The perspectives of managers have been gathered through the use of self-administered questionnaires to gather impressions of managers of businesses, which has helped to tap into all aspects of SP. The study’s results offer, probably for the first time to the best of the authors’ knowledge, evidence of the contextual elements that affect SP in African nations like Uganda particularly in the power sector.
{"title":"Sustainable performance among power companies in Uganda: role of stakeholder orientation, human capital, regulatory governance, and management control systems","authors":"Brendah Akankunda, S. K. Nkundabanyanga, M. Adaramola, T. Kaawaase","doi":"10.1108/ijesm-09-2023-0003","DOIUrl":"https://doi.org/10.1108/ijesm-09-2023-0003","url":null,"abstract":"\u0000Purpose\u0000The purpose of this study is to investigate the connections between the regulatory governance, human capital, stakeholder orientation, management control systems (MCSs) and sustainable performance (SP) of power companies. The authors especially looked at how much regulatory governance, human capital, stakeholder orientation and MCSs affect the SP across power companies in Uganda.\u0000\u0000\u0000Design/methodology/approach\u0000This is a cross-sectional and correlational study. Data were collected from 105 power companies using a questionnaire and analysed using SPSS.\u0000\u0000\u0000Findings\u0000Stakeholder orientation, MCSs, human capital and regulatory governance significantly predict variances in the SP of power providers in Uganda. Stakeholder orientation is the most important predictor of SP of power companies.\u0000\u0000\u0000Research limitations/implications\u0000The absence of validation from important stakeholders and the major reliance on company-provided data in existing research on SP raises the possibility of self-desirability bias. To evaluate and verify the information supplied by firms with external stakeholders, further studies might consider using an explanatory mixed methods technique, in which quantitative data are initially gathered from the managers of power companies and analysed and then validated by interviews with important stakeholders.\u0000\u0000\u0000Originality/value\u0000Using stakeholder, legitimacy and resource-based theories has provided a better explanation for SP which is a multi-dimensional notion. Moreover, the study adds to the body of perception-based research that offers direct management incentives for SP. The perspectives of managers have been gathered through the use of self-administered questionnaires to gather impressions of managers of businesses, which has helped to tap into all aspects of SP. The study’s results offer, probably for the first time to the best of the authors’ knowledge, evidence of the contextual elements that affect SP in African nations like Uganda particularly in the power sector.\u0000","PeriodicalId":46430,"journal":{"name":"International Journal of Energy Sector Management","volume":"134 2","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138953604","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}
Pub Date : 2023-12-20DOI: 10.1108/ijesm-08-2023-0030
Muhammad Sholihin, Catur Sugiyanto, A. Susamto
Purpose This research aims to examine the impact of religiosity and other control variables on Muslims’ environmental preservation and economic growth choices in 33 nations. Design/methodology/approach The study uses data from the World Values Survey (Waves 4–7) with a large sample size of 30,242 individuals. Logistic regression analysis is used to analyze the data, and the robustness principle is applied using the marginal effect of interaction variables method to select a viable model. Findings This study reveals that different aspects of religiosity – cognitive, affective and behavioral – positively impact the tendency of Muslims in 33 countries to prioritize environmental protection over economic progress. However, these influences vary significantly, as seen through odds ratios. In essence, the degree of religious devotion in these nations affects individuals’ leaning toward environmental preservation. This impact is further shaped by other factors such as politics, governance, economic development, environmental measures and legal frameworks. Practical implications The practical implication of this study is the development of an alternative theory that explains the conditions and categories under which religious beliefs and attitudes can influence the preferences of Muslims concerning environmental issues and economic growth. Originality/value This study fills a void in the body of literature by examining the nonlinear relationship between religiosity and individual Muslim preferences for environmental preservation and economic growth. It offers a framework for comprehending religion’s impact on Muslims’ redistributive individual preferences in these fields.
{"title":"Environmental protection versus economic growth in the views of Muslims: a large sample of empirical evidence","authors":"Muhammad Sholihin, Catur Sugiyanto, A. Susamto","doi":"10.1108/ijesm-08-2023-0030","DOIUrl":"https://doi.org/10.1108/ijesm-08-2023-0030","url":null,"abstract":"\u0000Purpose\u0000This research aims to examine the impact of religiosity and other control variables on Muslims’ environmental preservation and economic growth choices in 33 nations.\u0000\u0000\u0000Design/methodology/approach\u0000The study uses data from the World Values Survey (Waves 4–7) with a large sample size of 30,242 individuals. Logistic regression analysis is used to analyze the data, and the robustness principle is applied using the marginal effect of interaction variables method to select a viable model.\u0000\u0000\u0000Findings\u0000This study reveals that different aspects of religiosity – cognitive, affective and behavioral – positively impact the tendency of Muslims in 33 countries to prioritize environmental protection over economic progress. However, these influences vary significantly, as seen through odds ratios. In essence, the degree of religious devotion in these nations affects individuals’ leaning toward environmental preservation. This impact is further shaped by other factors such as politics, governance, economic development, environmental measures and legal frameworks.\u0000\u0000\u0000Practical implications\u0000The practical implication of this study is the development of an alternative theory that explains the conditions and categories under which religious beliefs and attitudes can influence the preferences of Muslims concerning environmental issues and economic growth.\u0000\u0000\u0000Originality/value\u0000This study fills a void in the body of literature by examining the nonlinear relationship between religiosity and individual Muslim preferences for environmental preservation and economic growth. It offers a framework for comprehending religion’s impact on Muslims’ redistributive individual preferences in these fields.\u0000","PeriodicalId":46430,"journal":{"name":"International Journal of Energy Sector Management","volume":"56 22","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138957073","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}
Pub Date : 2023-12-18DOI: 10.1108/ijesm-07-2023-0020
S. Umamaheswaran, Vandita Dar, John Ben Prince, Viswanathan Thangaraj
Purpose This study aims to explore the perceptions of investors regarding the risks associated with funding renewable energy projects in India, as well as the various factors that influence these perceptions. The investigation is limited to debt providers and seeks to pinpoint the primary risks that bankers perceive and the drivers that shape these perceptions. Design/methodology/approach This study draws on interviews and surveys of Indian bank executives, investigating how finance providers perceive risks in the Indian context and the factors driving such perceptions. Qualitative interviews have been used for operationalizing “risk perception” within the renewable energy domain, followed by a quantitative survey and exploratory factor analysis. Findings The authors find that experience and capacity are the most important factors that account for 30% of the overall variance. The second factor, which accounts for 15% of the variance, includes the perceived risks in funding renewable energy projects as compared to infrastructure projects. Among individual risks, the authors find that bankers perceive technological risk to be the lowest (5%) and contractual and regulatory risks as the highest (66%) in renewable energy projects. Research limitations/implications The study contextualizes risk perception toward renewable energy investments in the Indian context by drawing from the risk perception literature and qualitative interviews with senior bankers. It presents empirical evidence on the decision-making behavior of bankers, who are important stakeholders of the renewable energy ecosystem. The main limitation of the study is the relatively small sample, and generalizing the results to the broader population might require a larger sample. This will facilitate the use of confirmatory factor analysis and structural equation modeling, which can facilitate a more comprehensive understanding of risk perceptions in renewables financing. Originality/value Insights gained can be used to provide policy recommendations for improving the financing ecosystem of renewable energy projects. The research significantly contributes to the extant literature within the renewable energy financing domain for emerging economies.
{"title":"Risk perception as a barrier to renewable energy finance – a study of debt investors in the Indian context","authors":"S. Umamaheswaran, Vandita Dar, John Ben Prince, Viswanathan Thangaraj","doi":"10.1108/ijesm-07-2023-0020","DOIUrl":"https://doi.org/10.1108/ijesm-07-2023-0020","url":null,"abstract":"Purpose This study aims to explore the perceptions of investors regarding the risks associated with funding renewable energy projects in India, as well as the various factors that influence these perceptions. The investigation is limited to debt providers and seeks to pinpoint the primary risks that bankers perceive and the drivers that shape these perceptions. Design/methodology/approach This study draws on interviews and surveys of Indian bank executives, investigating how finance providers perceive risks in the Indian context and the factors driving such perceptions. Qualitative interviews have been used for operationalizing “risk perception” within the renewable energy domain, followed by a quantitative survey and exploratory factor analysis. Findings The authors find that experience and capacity are the most important factors that account for 30% of the overall variance. The second factor, which accounts for 15% of the variance, includes the perceived risks in funding renewable energy projects as compared to infrastructure projects. Among individual risks, the authors find that bankers perceive technological risk to be the lowest (5%) and contractual and regulatory risks as the highest (66%) in renewable energy projects. Research limitations/implications The study contextualizes risk perception toward renewable energy investments in the Indian context by drawing from the risk perception literature and qualitative interviews with senior bankers. It presents empirical evidence on the decision-making behavior of bankers, who are important stakeholders of the renewable energy ecosystem. The main limitation of the study is the relatively small sample, and generalizing the results to the broader population might require a larger sample. This will facilitate the use of confirmatory factor analysis and structural equation modeling, which can facilitate a more comprehensive understanding of risk perceptions in renewables financing. Originality/value Insights gained can be used to provide policy recommendations for improving the financing ecosystem of renewable energy projects. The research significantly contributes to the extant literature within the renewable energy financing domain for emerging economies.","PeriodicalId":46430,"journal":{"name":"International Journal of Energy Sector Management","volume":"48 7","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139172908","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}
Pub Date : 2023-12-15DOI: 10.1108/ijesm-07-2023-0026
Abdulkadir Abdulrashid Rafindadi, Aliyu Buhari Isah, O. Usman
Purpose This paper aims to empirically examine the impact of economic development and energy consumption in Saudi Arabia (the leading OPEC giant and the Arab energy icon country) between 1971 and 2015, whilst incorporating globalization, financial development and capital accumulation. Design/methodology/approach This study uses econometric tools and the analytical framework based on the autoregressive distributed lag (ARDL) model. Findings The study found that, unlike economic development, globalization and financial development increased energy consumption. Also, capital accumulation created a boost in the country’s energy consumption. Results of variance decomposition indicate that the innovative shocks in globalization and financial development affected energy consumption at the rates of 15.28% and 28.98%, respectively, over 15 years’ period, while shocks in capital accumulation affected energy consumption at a rate of only about 1.24%. In addition, the results of impulse response function show that globalization and economic development were highly responsive to shocks in financial development, and capital accumulation greatly spurred financial development. Research limitations/implications The findings of this study have implication for promoting an efficient and sustainable energy systems that enhance sustainable development based on the accrued benefits of globalization, financial development and capital accumulation. Originality/value Given the increasing level of globalization, financial development and energy consumption, our study uses econometric tools and the analytical framework based on the ARDL model to revisit how energy consumption is influenced by economic development in Saudi Arabia by incorporating other determinants of energy consumption such as globalization, financial development and capital accumulation. The results were validated based on the innovative accounting.
{"title":"Economic development and energy consumption in Saudi Arabian economy: do globalization, financial development and capital accumulation matter?","authors":"Abdulkadir Abdulrashid Rafindadi, Aliyu Buhari Isah, O. Usman","doi":"10.1108/ijesm-07-2023-0026","DOIUrl":"https://doi.org/10.1108/ijesm-07-2023-0026","url":null,"abstract":"\u0000Purpose\u0000This paper aims to empirically examine the impact of economic development and energy consumption in Saudi Arabia (the leading OPEC giant and the Arab energy icon country) between 1971 and 2015, whilst incorporating globalization, financial development and capital accumulation.\u0000\u0000\u0000Design/methodology/approach\u0000This study uses econometric tools and the analytical framework based on the autoregressive distributed lag (ARDL) model.\u0000\u0000\u0000Findings\u0000The study found that, unlike economic development, globalization and financial development increased energy consumption. Also, capital accumulation created a boost in the country’s energy consumption. Results of variance decomposition indicate that the innovative shocks in globalization and financial development affected energy consumption at the rates of 15.28% and 28.98%, respectively, over 15 years’ period, while shocks in capital accumulation affected energy consumption at a rate of only about 1.24%. In addition, the results of impulse response function show that globalization and economic development were highly responsive to shocks in financial development, and capital accumulation greatly spurred financial development.\u0000\u0000\u0000Research limitations/implications\u0000The findings of this study have implication for promoting an efficient and sustainable energy systems that enhance sustainable development based on the accrued benefits of globalization, financial development and capital accumulation.\u0000\u0000\u0000Originality/value\u0000Given the increasing level of globalization, financial development and energy consumption, our study uses econometric tools and the analytical framework based on the ARDL model to revisit how energy consumption is influenced by economic development in Saudi Arabia by incorporating other determinants of energy consumption such as globalization, financial development and capital accumulation. The results were validated based on the innovative accounting.\u0000","PeriodicalId":46430,"journal":{"name":"International Journal of Energy Sector Management","volume":"69 8","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138998928","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}
Pub Date : 2023-12-14DOI: 10.1108/ijesm-05-2023-0008
Samuel Osei-Gyebi, John Bosco Dramani
Purpose The purpose of this study is to analyze the nonlinear relationship between electricity consumption (EC) and electricity transmission losses (ETL) in Ghana. Also, we examined how ETL moderate the effect of EC on economic growth in Ghana from 1980 to 2021. Design/methodology/approach We used timeseries data from 1980 to 2021 within an autoregressive distributed lag framework to analyze the links among ETL, EC and economic growth in Ghana. Findings Findings show the existence of an asymmetric long-run relationship between EC and ETL. Also, the negative effects of ETL on EC are bigger in the long run. In addition, ETL and EC combine to reduce economic growth, in the long run, providing evidence for the energy-led growth theory in Ghana. Population and inflation were also found to have a significant effect on economic growth in Ghana. Originality/value We examined the nonlinear nexus of EC and ETL, which extant studies have ignored in discussing the link between EC and economic growth. Again, we showed that ETL reduces EC causing a reduction in economic growth.
{"title":"Electricity consumption and economic growth in Ghana: how significant are electricity transmission losses?","authors":"Samuel Osei-Gyebi, John Bosco Dramani","doi":"10.1108/ijesm-05-2023-0008","DOIUrl":"https://doi.org/10.1108/ijesm-05-2023-0008","url":null,"abstract":"\u0000Purpose\u0000The purpose of this study is to analyze the nonlinear relationship between electricity consumption (EC) and electricity transmission losses (ETL) in Ghana. Also, we examined how ETL moderate the effect of EC on economic growth in Ghana from 1980 to 2021.\u0000\u0000\u0000Design/methodology/approach\u0000We used timeseries data from 1980 to 2021 within an autoregressive distributed lag framework to analyze the links among ETL, EC and economic growth in Ghana.\u0000\u0000\u0000Findings\u0000Findings show the existence of an asymmetric long-run relationship between EC and ETL. Also, the negative effects of ETL on EC are bigger in the long run. In addition, ETL and EC combine to reduce economic growth, in the long run, providing evidence for the energy-led growth theory in Ghana. Population and inflation were also found to have a significant effect on economic growth in Ghana.\u0000\u0000\u0000Originality/value\u0000We examined the nonlinear nexus of EC and ETL, which extant studies have ignored in discussing the link between EC and economic growth. Again, we showed that ETL reduces EC causing a reduction in economic growth.\u0000","PeriodicalId":46430,"journal":{"name":"International Journal of Energy Sector Management","volume":"40 1","pages":""},"PeriodicalIF":3.1,"publicationDate":"2023-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138972722","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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