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Understanding Indicators for Circular Economy Application in Manufacturing
This paper aims to provide manufacturing companies with a comprehensive understanding of the various indicators used to evaluate circular economy (CE) practices. Through a systematic review of existing literature, it highlights the essential role of these metrics in promoting the adoption of CE principles within the manufacturing sector. The discussion is organized around a six-step…
Are Credit Rating Agencies Punishing Petrostates for Energy Transition Risks?
The energy transition is expected to leave fossil fuel producers with weakened economies and stranded assets, but the time horizon of these effects is uncertain. This article offers a window into these effects by studying the sovereign credit ratings of petrostates. Credit ratings are both forward-looking indicators of their economic outlook and determinants of petrostates’…
Do Sustainable Operations through Energy Effectiveness Reduce Cost of Debt in Medium and High-tech Industries? Evidence from an Emerging Economy
Access to low-cost finance is a significant factor influencing firms’ investment decisions in research and development, which is crucial for corporate success. The goal becomes critical when the firm’s sustainability policy channels energy consumption, resulting in optimal capital allocation for new, resource-efficient technologies. Despite its significant relevance in policymaking, there has been little academic study…
An Option Analysis of the European Union Renewable Energy Support Mechanisms
We examine the economic efficiency of incentive mechanisms used to promote Renewable Energy (RE) across the European Union (EU) by looking at returns to investors along with any negative externalities or social costs. Using electricity price data from 2009 to 2013, we evaluate the RE support mechanisms adopted by some of the largest EU economies….
Book Reviews
Time for Tough Love: Towards Gradual Risk Transfer to Renewables in Germany
After more than a decade of supporting renewable energies (RE) through feed-in tariffs, Germany has set out to integrate RE into the power market. This requires RE investors to carry market risks, in particular the power price risk. But under the current financial structure higher risks would negatively impact the bankability of new projects, which…
Leveraging the Inflation Reduction Act to Achieve 80×30 in the US Electricity Sector
The US Inflation Reduction Act (IRA) promises to deliver important reductions in CO2 emissions from the electricity sector along with a host of other benefits to citizens and electricity consumers, but it falls short of achieving the 80 percent reduction (below 2005 levels) by 2030 (80×30) consistent with meeting the nation’s Paris goals. This paper…
Electricity Access, Gender Disparity, and Renewable Energy Adoption Dynamics: The Case of Mountain Areas of Bangladesh
This paper examines the relationship between grid-based electricity access, gender disparity, and renewable energy adoption in the mountain areas of Bangladesh by collecting a novel set of micro-level survey data. We develop unique weighted indices and apply the robust instrumental generalised method of moment estimation for investigating electricity access and women empowerment nexus. The findings…
Economic efficiency and CO2 impact of a clean cooking program in Ecuador
Clean cooking programs are implemented to replace polluting fuel technologies and fight climate change. In 2014, Ecuador launched a clean cooking program to improve environmental conditions for its population and reduce the large financial burden spent on liquid petroleum gas subsidies. In this paper, we analyze the economic and environmental impacts of this program. We…