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KOF Working Papers, 327

A transition from fossil to renewable energy requires the development of sustainable electric energy storage systems capable to accommodate an increasing amount of energy, at larger power and for a longer time. Flow batteries are seen as one promising technology to face this challenge. As different innovations in this field of technology are still under development, reproducible, comparable and verifiable life cycle assessment studies are crucial to providing clear evidence on the sustainability of different flow battery systems. Based on a review of 20 relevant life cycle assessment studies for different flow battery systems, published between 1999 and 2021, this contribution explored relevant methodological choices regarding the sequence of phases defined in the ISO 14,040 series: goal and scope definition, inventory analysis, impact assessment and interpretation. Inspired by good practice examples, common gaps and weaknesses were identified and recommendations for comparative life cycle assessment studies were derived. This includes suggestions for an expanded functional unit definition, a provision of more detailed and transparent reporting of LCI data while using input/output tables. Outcomes of this study are also of relevance for the amendment of the Batteries Directive 2006/66/EC, where first drafts are under revision in the European Council, including the introduction of a battery passport, which should encourage battery producers to reduce their carbon footprint and avoid problematic materials.

Abstract Background The aim of this paper is to reconsider the necessity for the green transition and the key preconditions for the implementation of a circular economy in Western Balkan countries. With the objective of the research in mind, the method of analysis and synthesis was applied to determine (1) regulatory and institutional prerequisites for the green transition; (2) the need for the Western Balkan countries to redefine the model of sustainable economic growth towards the green transition; (3) the development opportunities for recovery defined in the Green Agenda for the Western Balkans; and (4) the possibility of implementing the circular economy in the Western Balkans. Main text The main findings of the research indicate that: (1) the countries of the Western Balkan region, following the example of the EU, should define a national strategic approach to the green transition with an accompanying action plan and regulatory framework; (2) the biggest challenge of the green transition is the reform of the energy sector and the restructuring of the energy-intensive economy; (3) the countries have untapped potential in renewable energy sources and report the improvement of energy efficiency; (4) the circular economy can boost the green transition, because the countries of the region have a five-time lower value of resource productivity than the average of the EU, while the generation of waste (excluding major mineral wastes) per GDP unit is lower compared to the EU; (5) cross-sectoral governance should be more coordinated. Conclusions The green transition might be a development opportunity for the Western Balkans, which should enable sustainable economic growth as well as energy security and environmental protection. However, the implementation of the Green Agenda is not easy, because the region faces the problem of underdeveloped regulatory and institutional capacities that might provide not only the base for long-term planning but also financial resources for the efficient implementation of projects. In addition, it is essential to understand the principles of the Green Agenda and the interaction of all activities that should enable the achievement of defined goals.

Purpose This paper aims to propose a liquidity management solution for Islamic financial institutions (IFIs) that concurs with sustainable development and financial stability. Design/methodology/approach The study is a qualitative research. It uses the exploratory research methodology, specifically the content analysis approach, to gather primary data and identify and interpret relevant secondary data and Sharīʿah concepts. The purpose is to develop a liquidity management solution for IFIs. The proposal is based on the Unleveraged Green Investment Trust (UGIT) model, which is consistent with Basel III regulatory requirements. In developing the UGIT model, the exploratory research was complemented by a case study to examine the UGIT solution for the particular case of renewable energy. Findings The model demonstrates how financial innovation can meet both financial stability and sustainable development objectives, thereby achieving the spirit of Islamic finance. The structure further highlights the importance of regulatory and fiscal frameworks to enhance liquidity management and investor appeal for green financial instruments. Originality/value This study suggests a structure of UGIT to enable IFIs to meet their liquidity management needs while promoting sustainable development.

The research focus has shifted towards lightweight structures with high energy absorption capabilities due to advancements in automotive safety technology. This study specifically investigates the impact of cross-sectional area on the energy absorption characteristics of hemispherical composite shells. The experimental phase involves characterizing a glass fiber epoxy composite, followed by the manufacture of hemispherical composite shell specimens with varying cross-sectional areas. These specimens undergo quasi-static axial compressive loading, and the energy absorption parameters are analyzed. The results indicate a significant influence of the composite cross-sectional area on the crushing behavior of hemispherical shells, with a observed decrease in specific energy absorption as the cross-sectional area increases. Additionally, a 3D Finite Element (FE) model is created using ABAQUS FE code to numerically simulate the crushing process. The model's predictions are compared and validated against experimentally measured values, demonstrating a satisfactory correlation.

AbstractThe production of Z boson pairs in proton–proton ($${\mathrm{p}} {\mathrm{p}} $$ p p ) collisions, $${{\mathrm{p}} {\mathrm{p}} \rightarrow ({\mathrm{Z}}/\gamma ^*)({\mathrm{Z}}/\gamma ^*) \rightarrow 2\ell 2\ell '}$$ p p → ( Z / γ ∗ ) ( Z / γ ∗ ) → 2 ℓ 2 ℓ ′ , where $${\ell ,\ell ' = {\mathrm{e}}}$$ ℓ , ℓ ′ = e or $${{\upmu }}$$ μ , is studied at a center-of-mass energy of 13$$\,\text {TeV}$$ TeV with the CMS detector at the CERN LHC. The data sample corresponds to an integrated luminosity of 137$$\,\text {fb}^{-1}$$ fb - 1 , collected during 2016–2018. The $${\mathrm{Z}} {\mathrm{Z}} $$ Z Z production cross section, $$\sigma _{\text {tot}} ({\mathrm{p}} {\mathrm{p}} \rightarrow {\mathrm{Z}} {\mathrm{Z}} ) = 17.4 \pm 0.3 \,\text {(stat)} \pm 0.5 \,\text {(syst)} \pm 0.4 \,\text {(theo)} \pm 0.3 \,\text {(lumi)} \text { pb} $$ σ tot ( p p → Z Z ) = 17.4 ± 0.3 (stat) ± 0.5 (syst) ± 0.4 (theo) ± 0.3 (lumi) pb , measured for events with two pairs of opposite-sign, same-flavor leptons produced in the mass region $${60< m_{\ell ^+\ell ^-} < 120\,\text {GeV}}$$ 60 < m ℓ + ℓ - < 120 GeV is consistent with standard model predictions. Differential cross sections are also measured and agree with theoretical predictions. The invariant mass distribution of the four-lepton system is used to set limits on anomalous $${\mathrm{Z}} {\mathrm{Z}} {\mathrm{Z}} $$ Z Z Z and $${{\mathrm{Z}} {\mathrm{Z}} \gamma }$$ Z Z γ couplings.