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Stock markets and carbon emissions nexus in Nigeria: Evidence from nonlinear ARDL and causality approaches 尼日利亚股票市场与碳排放关系:来自非线性ARDL和因果关系方法的证据
Q2 ENERGY & FUELS Pub Date : 2022-12-09 DOI: 10.1016/j.egycc.2022.100091
Anthony Enisan Akinlo , Olumuyiwa Apanisile

This paper examines the nexus between stock market development and carbon emissions for Nigeria based on annual data from 1981 to 2020. The study employs a multi-methodological approach, including the nonlinear autoregressive distributed lag approach, vector-error correction modeling, and Granger causality test. The nonlinear ARDL bounds test supports a long-run relationship between carbon emissions, energy intensity, population density, and gross domestic product per capita. Asides, the results show that perturbations in stock market development measured as stock traded have an asymmetric effect on carbon emissions in the short and long run. The results suggest that positive shocks in stock traded have an increasing insignificant effect on carbon emissions. In contrast, negative shocks in stock market development have a significant reducing impact on carbon emissions. Moreover, the results show that causality runs only from decreased stock traded to carbon emissions. Therefore, policy maker must strictly enforce all environmental regulations designed to control carbon emissions that might arise from increased manufacturing activities occasioned by improved stock market developments.

本文基于1981年至2020年的年度数据,研究了尼日利亚股票市场发展与碳排放之间的关系。本研究采用多种方法,包括非线性自回归分布滞后法、向量误差修正模型和格兰杰因果检验。非线性ARDL边界检验支持碳排放、能源强度、人口密度和人均国内生产总值之间的长期关系。此外,研究结果表明,以股票交易衡量的股票市场发展扰动对短期和长期碳排放具有不对称影响。结果表明,股票交易中的正向冲击对碳排放的影响越来越不显著。相反,股票市场发展的负面冲击对碳排放的影响显著降低。此外,研究结果表明,因果关系只存在于股票交易量减少与碳排放之间。因此,政策制定者必须严格执行所有旨在控制碳排放的环境法规,这些法规可能是由股票市场发展改善所引起的制造活动增加而产生的。
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引用次数: 1
Erratum to ’Hybrid energy system optimization model: Electrification of Ontario's residential space and water heating case study’ 对“混合能源系统优化模型:安大略省住宅空间电气化和水加热案例研究”的勘误
Q2 ENERGY & FUELS Pub Date : 2022-12-05 DOI: 10.1016/j.egycc.2022.100089
P. Sanongboon, T. Pettigrew
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引用次数: 0
Has the market-oriented reform of 2015 affected the performance of China's power grid firms? 2015年的市场化改革是否影响了中国电网企业的业绩?
Q2 ENERGY & FUELS Pub Date : 2022-12-01 DOI: 10.1016/j.egycc.2022.100081
Bai-Chen Xie , Na Duan , Kang-Kang Ni , Tao Zhang

The efficiency analysis of incentive regulations on utilities is an important issue to investigate the impact of the market-oriented reform. This paper analyzes the influence of the 2015 reform on 30 provincial power grid firms in China during 2011–2018. We employ a data envelopment analysis (DEA) model combined with bootstrap estimation to measure the efficiency through statistical inference, from both static and total factor productivity (TFP) perspectives. The results show that most provincial grid firms are difficult to achieve efficiency improvement by putting forward the reform in the short-term. However, the positive correlation between market transactions and efficiency indicates that the market-oriented reform improves efficiency significantly. Nevertheless, the gap between the studied DMUs and the efficient ones is the result of regional differences and the significant influence of weather heterogeneity.

公用事业激励制度的效率分析是研究市场化改革影响的重要问题。本文分析了2015年改革对2011-2018年中国30家省级电网企业的影响。我们采用数据包络分析(DEA)模型结合自举估计,从静态和全要素生产率(TFP)两个角度通过统计推断来衡量效率。结果表明,大多数省级电网企业在短期内通过改革难以实现效率的提高。然而,市场交易与效率之间的正相关关系表明市场化改革显著提高了效率。然而,研究的dmu与有效dmu之间的差距是区域差异和天气异质性显著影响的结果。
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引用次数: 0
Climate and air pollution implications of potential energy infrastructure and policy measures in India 印度潜在能源基础设施和政策措施对气候和空气污染的影响
Q2 ENERGY & FUELS Pub Date : 2022-12-01 DOI: 10.1016/j.egycc.2021.100067
Brinda Yarlagadda , Steven J. Smith , Bryan K. Mignone , Dharik Mallapragada , Cynthia A. Randles , Jon Sampedro

India is a rapidly developing economy with interrelated air quality, sustainable development, and climate change mitigation goals. There are unique challenges to achieving each of these goals as well as potential tradeoffs among them. This study examines the implications of possible future energy, climate, and air pollution control policies and measures in India through 2050. We take a scenario approach using the GCAM global energy-climate-land model combined with the Hector simple climate model and the TM5-FASST air quality source-receptor model to examine energy, climate and air quality outcomes. Reducing use of traditional biomass in buildings can reduce primary carbonaceous particulate emissions well below 2015 levels. However, policies that are more ambitious than current plans would likely be required to reduce SO2 and NOx emissions well below 2015 levels. Among single policy cases considered, pricing of greenhouse gas (GHG) emissions and expansion of natural gas infrastructure have the largest impacts on overall energy system changes relative to the reference scenario. Ambitious air pollution control and GHG policies lead to the largest reductions in air pollution concentrations and radiative forcing, respectively. However, ambitious air pollution control and GHG policies differ in the extent to which they support or impede other policy objectives. Forcing increases due to reduced aerosols from ambitious air pollution policies can be mitigated, at least in part, by applying air pollution control and GHG policies together.

印度是一个快速发展的经济体,其空气质量、可持续发展和减缓气候变化的目标相互关联。实现每一个目标都面临着独特的挑战,同时也存在着潜在的权衡。本研究探讨了到2050年印度可能的未来能源、气候和空气污染控制政策和措施的影响。我们采用情景方法,利用GCAM全球能源-气候-陆地模型结合Hector简单气候模型和tm5 - fast空气质量源-受体模型来检验能源、气候和空气质量结果。减少建筑物中传统生物质的使用可以将初级碳颗粒排放量减少到远低于2015年的水平。然而,要将二氧化硫和氮氧化物的排放量减少到远低于2015年的水平,可能需要出台比目前计划更雄心勃勃的政策。在考虑的单一政策案例中,相对于参考情景,温室气体(GHG)排放定价和天然气基础设施扩张对整体能源系统变化的影响最大。雄心勃勃的空气污染控制和温室气体政策分别导致空气污染浓度和辐射强迫的最大降幅。然而,雄心勃勃的空气污染控制和温室气体政策在支持或阻碍其他政策目标的程度上有所不同。通过同时实施空气污染控制和温室气体政策,可以至少部分地减轻雄心勃勃的空气污染政策导致的气溶胶减少所造成的强迫增加。
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引用次数: 6
Securing energy while mitigating climate change 确保能源安全,同时减缓气候变化
Q2 ENERGY & FUELS Pub Date : 2022-12-01 DOI: 10.1016/j.egycc.2022.100085
Hasan Hüseyin Miraç Gül , Şenay Açıkgöz , Hakan Ercan , Bülent Akınoğlu

Mainstream energy policy emphasizes the exploitation of domestic sources to secure energy. Since readily available, many nations focus on fossil fuels, so they lack investment in the alternatives. The result is increasing atmospheric partial pressure of carbon dioxide, and energy security is still an issue. This study analyzes the impact of different variables on securing energy and reducing carbon emissions and attains this aim by econometrics. Energy-related data for 47 countries have been compiled from the IEA webpage, WDI, and BP databases, covering the period between 1990 and 2017. The results indicate that electricity generation by solar and wind globally helps both securing energy and climate change mitigation as anticipated. The dataset confirms that coal- and gas-based power generation does not contribute to global energy security. The dataset does not cast any distinct role on energy efficiency in terms of energy intensity. Increasing energy intensity, i.e., decreasing energy efficiency releases more carbon as anticipated. However, increasing energy intensity, i.e., decreasing energy efficiency, contributes to the energy security of the countries with wind power in the energy mix. One interesting result is that having a large population promotes energy security, but increasing urban population brings risks.

主流能源政策强调开发国内资源以确保能源安全。由于化石燃料很容易获得,许多国家都把重点放在化石燃料上,因此它们缺乏对替代能源的投资。其结果是大气中二氧化碳的分压增加,而能源安全仍然是一个问题。本研究分析了不同变量对确保能源和减少碳排放的影响,并通过计量经济学来实现这一目标。从IEA网页、WDI和BP数据库中编译了47个国家的能源相关数据,涵盖了1990年至2017年期间。结果表明,全球太阳能和风能发电如预期的那样有助于确保能源和减缓气候变化。该数据集证实,以煤和天然气为基础的发电对全球能源安全没有贡献。该数据集没有对能源强度方面的能源效率发挥任何明显的作用。增加能源强度,即降低能源效率,如预期的那样释放更多的碳。然而,提高能源强度,即降低能源效率,有助于在能源结构中拥有风电的国家的能源安全。一个有趣的结果是,人口多促进了能源安全,但城市人口增加带来了风险。
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引用次数: 1
Integrated Assessment Modeling of Korea's 2050 Carbon Neutrality Technology Pathways 韩国2050年碳中和技术路径的综合评估模型
Q2 ENERGY & FUELS Pub Date : 2022-12-01 DOI: 10.1016/j.egycc.2022.100075
Hanwoong Kim , Haewon McJeon , Dawoon Jung , Hanju Lee , Candelaria Bergero , Jiyong Eom

This integrated assessment modeling research analyzes what Korea's 2050 carbon neutrality would require for the national energy system and the role of the power sector concerning the availability of critical mitigation technologies. Our scenario-based assessment shows that Korea's current policy falls short of what the nation's carbon-neutrality ambition would require. Across all technology scenarios examined in this study, an extensive and rapid energy system transition is imperative, requiring the large-scale deployment of renewables and carbon capture & storage (CCS) early on and negative emission technologies (NETs) by the mid-century. Importantly, the rapid decarbonization of the power sector, along with the rapid electrification of end-uses, seems to be a robust national decarbonization strategy. Furthermore, we contextualize our net-zero scenario results using policy costs, requirements for natural resources, and the expansion rate of zero-carbon technologies. We find that the availability of nuclear power lowers the required expansion rate of renewables and CCS, alleviating any stress on terrestrial and geological systems. By contrast, the limited availability of CCS without nuclear power necessarily demands a very high penetration of renewables and significantly high policy compliance costs, which would decrease the feasibility of achieving the carbon neutrality target.

这项综合评估模型研究分析了韩国2050年碳中和对国家能源系统的要求,以及电力部门在关键缓解技术可用性方面的作用。我们基于情景的评估显示,韩国目前的政策与该国实现碳中和的雄心壮志相差很大。在本研究考察的所有技术方案中,广泛而快速的能源系统转型势在必行,这需要大规模部署可再生能源和碳捕获。碳存储(CCS)和负排放技术(NETs)在本世纪中叶。重要的是,电力部门的快速脱碳,以及终端用户的快速电气化,似乎是一项强有力的国家脱碳战略。此外,我们使用政策成本、对自然资源的需求和零碳技术的扩张速度来对净零情景结果进行背景分析。我们发现,核能的可用性降低了可再生能源和CCS所需的扩张速度,减轻了对陆地和地质系统的压力。相比之下,在没有核电的情况下,CCS的有限可用性必然要求可再生能源的渗透率非常高,政策合规成本也非常高,这将降低实现碳中和目标的可行性。
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引用次数: 14
How ready is the Turkish Legislation for the green deal? 土耳其立法对绿色协议的准备如何?
Q2 ENERGY & FUELS Pub Date : 2022-12-01 DOI: 10.1016/j.egycc.2022.100084
Y.Özhan Türker , Aynur Aydin

Several quests for solutions have emerged around the world concerning the climate change the severe effects of which have been observed especially since 2000. To that end, European Union (EU) signed the European Green Deal in 2019. The documentation brings together the targeted sustainable economy and sustainable environment. This study mainly focuses on such issue. The principles put forward by the European Green Deal have been examined. The extent to which the Turkish legislation covers the said principles has been investigated. Because, a strong legal basis is needed for the principles stipulated by the Deal to be implemented. The extent of compliance to the principles and legislation has been presented as well as the areas of weakness which must be improved. European Green Deal is important for Turkey in terms of both the significant commercial agreements it has with the European Union, and its European Union membership process. Moreover, European Green Deal stands out as a document that will shape the sustainable environment and sustainable economy not only in Europe but also around the world, with its principles.

关于气候变化的严重影响,特别是自2000年以来已经观察到,世界各地已经出现了一些解决方案的探索。为此,欧盟于2019年签署了《欧洲绿色协议》。该文件将有针对性的可持续经济和可持续环境结合在一起。本研究主要围绕这一问题展开。《欧洲绿色协议》提出的原则已经得到了检验。对土耳其立法在多大程度上涵盖上述原则进行了调查。因为,执行《协定》规定的原则需要强有力的法律基础。提出了遵守各项原则和立法的程度以及必须加以改进的薄弱领域。《欧洲绿色协议》对于土耳其与欧盟签订的重要商业协议以及土耳其加入欧盟的进程都非常重要。此外,《欧洲绿色协议》是一份不仅在欧洲,而且在世界范围内塑造可持续环境和可持续经济的文件,其原则引人注目。
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引用次数: 2
Regional uptake of direct reduction iron production using hydrogen under climate policy 气候政策下氢直接还原铁生产的区域吸收
Q2 ENERGY & FUELS Pub Date : 2022-12-01 DOI: 10.1016/j.egycc.2022.100087
Steve Pye , Dan Welsby , Will McDowall , Tobias Reinauer , Olivier Dessens , Matthew Winning , Alvaro Calzadilla , Chris Bataille

The need to reduce CO2 emissions to zero by 2050 has meant an increasing focus on high emitting industrial sectors such as steel. However, significant uncertainties remain as to the rate of technology diffusion across steel production pathways in different regions, and how this might impact on climate ambition. Informed by empirical analysis of historical transitions, this paper presents modelling on the regional deployment of Direction Reduction Iron using hydrogen (DRI-H2). We find that DRI-H2 can play a leading role in the decarbonisation of the sector, leading to near-zero emissions by 2070. Regional spillovers from early to late adopting regions can speed up the rate of deployment of DRI-H2, leading to lower cumulative emissions and system costs. Without such effects, cumulative emissions are 13% higher than if spillovers are assumed and approximately 15% and 20% higher in China and India respectively. Given the estimates of DRI-H2 cost-effectiveness relative to other primary production technologies, we also find that costs increase in the absence of regional spillovers. However, other factors can also have impacts on deployment, emission reductions, and costs, including the composition of the early adopter group, material efficiency improvements and scrap recycling rates. For the sector to achieve decarbonisation, key regions will need to continue to invest in low carbon steel projects, recognising their broader global benefit, and look to develop and strengthen policy coordination on technologies such as DRI-H2.

到2050年将二氧化碳排放量减少到零的需要意味着越来越多地关注高排放的工业部门,如钢铁。然而,在不同地区钢铁生产途径的技术扩散速度,以及这可能如何影响气候目标方面,仍然存在很大的不确定性。通过对历史变迁的实证分析,本文提出了氢定向还原铁(DRI-H2)的区域部署模型。我们发现,DRI-H2可以在该行业的脱碳中发挥主导作用,到2070年实现近零排放。从采用早到晚的地区的区域溢出效应可以加快DRI-H2的部署速度,从而降低累积排放和系统成本。如果没有这种影响,累积排放量将比假设存在溢出效应时高出13%,中国和印度分别高出约15%和20%。考虑到相对于其他初级生产技术的DRI-H2成本效益估算,我们还发现,在没有区域溢出的情况下,成本会增加。然而,其他因素也可能对部署、减排和成本产生影响,包括早期采用者群体的组成、材料效率的提高和废料回收率。为了使该行业实现脱碳,关键地区将需要继续投资低碳钢项目,认识到其更广泛的全球效益,并寻求制定和加强有关DRI-H2等技术的政策协调。
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引用次数: 6
Quantifying energy-related CO2 emissions reduction potential of a proposed organic rankine cycle system for exhaust heat recovery application in commercial trucks 量化用于商用卡车废热回收的有机朗肯循环系统与能源相关的二氧化碳减排潜力
Q2 ENERGY & FUELS Pub Date : 2022-12-01 DOI: 10.1016/j.egycc.2022.100083
Julius Thaddaeus , Emmanuel Okon Asukwo , Tanimu Kogi Ibrahim , Jude Iroka , Udofia Joyful Iwokette

The transportation sector is presently among the most deciding sectors in fossil fuel use and CO2 emissions. More than 30% of the fuel energy content is released to the environment in the form of exhaust heat and recuperating part of this heat has the potential of achieving reductions in the adverse effects of CO2 emissions on our environment in tandem with efficiency improvement of the internal combustion engine (ICE). This study assesses the feasibility of incorporating a proposed organic Rankine cycle (ORC)-based exhaust heat recovery (EHR) system in a highway truck for recovering exhaust heat from the 206-kW diesel engine and further quantifies the energy-related CO2 reduction potential of the proposed module. A simple ORC system layout with recuperating is considered due to additional weight concerns that could negate the recovery goal of the study. The model uses R245fa as a working fluid because of its application in ICEs for EHR. A preliminary result of the proposed model achieved electrical power outputs of 0.42–3.48 kW, thermal efficiencies of 1.96–6.36%, and up to 4% reduction in fuel consumption, all measured as the primary performance indicators of the system when running at truck speeds of 66–119 km/hr. The model further achieved up to 4,767kgCO2 reduction in carbon emissions, representing a 4% reduction in the CO2 emission of a typical highway truck engine. The exergo-economic analysis experienced up to 17.28 kW of exergy destruction in the evaporator and 0.89 kW as the minimum exergy destruction realized in the condenser. The highest cost rate of exergy destruction of 142 £/yr observed in the evaporator.

交通运输部门目前是化石燃料使用和二氧化碳排放最具决定性的部门之一。超过30%的燃料能量以废气热的形式释放到环境中,回收部分热量有可能减少二氧化碳排放对环境的不利影响,同时提高内燃机(ICE)的效率。本研究评估了将基于有机朗肯循环(ORC)的废热回收(EHR)系统整合到一辆公路卡车上的可行性,该系统用于回收206千瓦柴油发动机的废热,并进一步量化了该模块与能源相关的二氧化碳减排潜力。考虑到额外的重量问题,可能会否定研究的恢复目标,因此考虑了具有恢复功能的简单ORC系统布局。该模型采用R245fa作为工作流体,因为它适用于电子病历的ice。初步结果表明,该模型实现了0.42-3.48 kW的电力输出,1.96-6.36%的热效率,以及高达4%的燃油消耗降低,这些都是在卡车速度为66-119 km/hr时作为系统的主要性能指标进行测量的。该模型进一步实现了高达4,767公斤二氧化碳的碳减排,相当于一个典型的公路卡车发动机的二氧化碳排放量减少了4%。经火用经济分析,蒸发器的火用损失高达17.28 kW,冷凝器的火用损失最小为0.89 kW。蒸发器的火用破坏成本最高,为142英镑/年。
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引用次数: 0
Assessment of electricity generation potential from biochar in Northern India 印度北部生物炭发电潜力评估
Q2 ENERGY & FUELS Pub Date : 2022-12-01 DOI: 10.1016/j.egycc.2021.100068
Abhijeet Anand, Anil Kumar Sakhiya, Imlisongla Aier, Ujjiban Kakati, Vivek Kumar, Priyanka Kaushal

Environment-friendly rice and wheat straw management in the Indian states of Punjab and Haryana have been a significant challenge. Farmers have adopted in-situ burning of crop residues as it is almost out of no pocket expense. However, this practice amounts to releasing 42.32 MT hazardous pollutants and GHGs into the atmosphere, which has an estimated 58.62 MT CO2e GWP. The present study considered biochar conversion of surplus rice and wheat straw through slow pyrolysis to investigate biochar compatibility for cofiring with coal in power plants. Rice straw derived biochar produced at 400 °C, and wheat straw derived biochar produced at 500 °C were found most suitable for cofiring and electricity generation. It was estimated that about 10.53 MT high quality coal grade biochar could be produced from 28.35 MT of surplus rice and wheat straw in Punjab and Haryana, which has an estimated 19.80 TWh electricity generation potential. Also, electricity generation from biochar would reduce pollutant emissions imparting 30.25 MT CO2e GWP. The results of this study could provide baseline data for fuel replacement in power plants.

在印度旁遮普邦和哈里亚纳邦,环境友好型水稻和小麦秸秆管理一直是一项重大挑战。农民已经采用就地焚烧农作物秸秆的方法,因为这几乎是零成本。然而,这种做法相当于向大气中释放了42.32亿吨有害污染物和温室气体,估计有58.62亿吨二氧化碳当量的GWP。本研究考虑将剩余稻秆和麦秆缓慢热解转化为生物炭,以研究生物炭与电厂煤共烧的相容性。400℃生产的水稻秸秆衍生生物炭和500℃生产的小麦秸秆衍生生物炭最适合共烧和发电。据估计,旁遮普邦和哈里亚纳邦的28.35吨剩余水稻和小麦秸秆可生产约10.53吨优质煤级生物炭,其发电潜力估计为19.80太瓦时。此外,生物炭发电将减少污染物排放,使全球变暖潜能值减少30.25亿吨二氧化碳当量。本研究结果可为电厂燃料替代提供基准数据。
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引用次数: 2
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Energy and climate change
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