• Energy Research
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Abstract The main hindrances to the large-scale development of renewable-energy projects are the lack of bankability and the inability to align investments and investors with suitable financial instruments or robust policy measures. To illustrate a bankable project, this paper presents a research-based case study on the installation of solar photovoltaic panels on the rooftops of 195 trains of the Indian Railways. Detailed information on the annual running hours, exposure to sunlight, efficiency of solar photovoltaic generation and electrical power demands of each rail coach is considered to conduct a quantitative measure of the tentative amount of fossil fuel savings. The purpose is to provide insight into the types of renewable-energy projects that can be highly attractive to financial institutions and promoters due to their lucrative internal return on investment. As seen in this case study, there are annual savings in diesel of 12 323 088 litres and a CO2 reduction of 32 755 tonnes, with return on investment of 1.3 years. Furthermore, this study conducts a comprehensive analysis of the limitations of existing renewable-energy project financing mechanisms in India. Subsequently, three policy measures are recommended to develop a robust financial mechanism that can effectively meet the needs of investors and investors. These measures include increasing equity injection through a buy-and-hold strategy, providing direct tax benefits to promoters and financing through real-estate investment trusts. The findings are highly relevant to address the challenges associated with bridging the financial gap between access to finance and capital investment in the renewable-energy sector, especially for Asian countries.

Abstract For 118 million residential housing units in the U.S., there is currently a gap between the potential energy savings that can be achieved through the use of existing energy efficiency technologies, and the actual level of energy savings realized, particularly for the 37% of housing units that are considered residential rental properties. Additional quantifiable benefits are needed beyond energy savings to help further motivate residential property owners to invest in energy efficiency upgrades. This research focuses on assessing the adoption of energy efficient upgrades in U.S. residential housing and the impact on rental prices. Ten U.S. cities are chosen for analysis; these cities vary in size across multiple climate zones, and represent a diverse set of housing market conditions. Data was collected for over 159,000 rental property listings, their characteristics, and their energy efficiency measures listed in rental housing postings across each city. Following an extensive data quality control process, over thirty different types energy efficient features were identified. The level of adoption was determined for each city, ranging from 5.3% to 21.6%. Efficient lighting and appliances were among the most common, with many features doubling as energy efficient and other desirable aesthetic or comfort improvements. Then using propensity score matching and conditional mean comparison methods, the relative impact on rent charged in each city was calculated, which ranged from a 6% to 14.1% increase in rent for properties with energy efficient features, demonstrating a positive economic impact of these features, particularly for property owners. This was further subdivided into five types of energy efficiency upgrade and three housing types. Single family homes generally demanded higher premiums with energy efficient features, however there was not a consistent pattern across the types of efficient upgrades. The results of this work demonstrate that investment in energy efficient technologies has quantifiable benefits for rental property owners in the U.S. beyond just energy savings. This methodology and results can also be used in other cities and by property owners, utility companies, or others, ultimately encouraging further investment and positive economic impact in residential energy efficiency and in turn improving energy and resource conservation in the building sector.

Abstract This study develops a novel sustainability assessment methodology for energy systems using life-cycle emission factors and sustainability indicators. Here, the global warming and environmental impact dimensions of the sustainability assessment methodology are examined in detail. A comparative analysis shows that a wind-battery system produces fewer potential global warming, stratospheric ozone depletion, air pollution, and water pollution impacts compared to a gas-fired system. The wind-battery system generates 13% of the life-cycle GHG emissions and 22% of the life-cycle ozone-depleting substance emissions of a gas-fired power plant. Nitrous oxide contributes more than 90% of the stratospheric ozone depletion potential of gas-fired and wind-battery systems.

Real-time pricing demand response programs (RTP-DRPs) are practical measures that ensure the end user's profitability from using electricity by adjusting the supply and demand equilibrium without activating costly solutions. This study explores the potential of RTP-DRPs by developing and applying a region-wise modeling approach based on maximizing the end user's social welfare in the wholesale electricity market in Japan. The regions of the wholesale market are classified based on their response into regions with excess supply, regions with high demand burden, and regular suppliers of inter-regional connections. The results revealed that the RTP-DRPs could potentially reduce the peak demand of the residential sector in Chubu, Chugoku, Kansai, Kyushu, Tokyo, and Tohoku by 1.91%-7.81%. Meanwhile, in Hokkaido, Hokuriku, and Shikoku, by 16.13%-22.9%. The avoided greenhouse emission (GHG) in Tokyo is estimated to be 82.6 and 192.2 tons in summer and winter, respectively.

The ‘4 per mille Soils for Food Security and Climate’ was launched at the COP21 with an aspiration to increase global soil organic matter stocks by 4 per 1000 (or 0.4 %) per year as a compensation for the global emissions of greenhouse gases by anthropogenic sources. This paper surveyed the soil organic carbon (SOC) stock estimates and sequestration potentials from 20 regions in the world (New Zealand, Chile, South Africa, Australia, Tanzania, Indonesia, Kenya, Nigeria, India, China Taiwan, South Korea, China Mainland, United States of America, France, Canada, Belgium, England & Wales, Ireland, Scotland, and Russia). We asked whether the 4 per mille initiative is feasible for the region. The outcomes highlight region specific efforts and scopes for soil carbon sequestration. Reported soil C sequestration rates globally show that under best management practices, 4 per mille or even higher sequestration rates can be accomplished. High C sequestration rates (up to 10 per mille) can be achieved for soils with low initial SOC stock (topsoil less than 30 t C ha− 1), and at the first twenty years after implementation of best management practices. In addition, areas which have reached equilibrium will not be able to further increase their sequestration. We found that most studies on SOC sequestration only consider topsoil (up to 0.3 m depth), as it is considered to be most affected by management techniques. The 4 per mille number was based on a blanket calculation of the whole global soil profile C stock, however the potential to increase SOC is mostly on managed agricultural lands. If we consider 4 per mille in the top 1m of global agricultural soils, SOC sequestration is between 2-3 Gt C year− 1, which effectively offset 20–35% of global anthropogenic greenhouse gas emissions. As a strategy for climate change mitigation, soil carbon sequestration buys time over the next ten to twenty years while other effective sequestration and low carbon technologies become viable. The challenge for cropping farmers is to find disruptive technologies that will further improve soil condition and deliver increased soil carbon. Progress in 4 per mille requires collaboration and communication between scientists, farmers, policy makers, and marketeers.

Abstract This study demonstrates the possibility to use energy-cost optimal building designs based on life cycle approach. There is a lack of studies that cover the comprehensive assessment of both embodied energy (EE) and operational energy (OE) in a single optimization problem. The primary goal of the current study is to compare the optimized results of using OE+EE together and OE only. The optimization is performed on a case study building (townhouse) in Finland with three structural alternatives (i.e., reinforced concrete (RC); cross-laminated timber (CLT) and Steel). Different options for insulation thickness of external wall, roof, floor and window types were considered as decision variables as the scope of the present study is on building envelope. The objectives of the optimization are to minimize life cycle energy (LCE) and life cycle costs (LCC). The LCE difference between the most and least energy efficient solution on the pareto front is greater in case of the OE optimization, compared to OE+EE optimization. For all studied structures, the EE of the optimal solutions from OE+EE optimization ranges 16%–23% of LCE. Many of the non-dominated optimal solutions obtained from the OE+EE optimization shows a higher U-value for the building envelope components compared to the optimal solutions from the OE optimization. A relationship between both OE and EE with the overall thermal resistance of the building envelope is discussed to obtain a deeper understanding of such differences in U-value for the optimal solutions obtained from the OE+EE and OE optimization.

The present study is motivated by the need to decouple economic growth from environmental degradation given the new wave of chase for higher economic growth trajectories comes with its environmental cost implications, especially among developing blocs like the Emerging 7 (E7) countries. There is a consistent trade-off between economic growth versus environmental quality. Government apparatus are perpetually on the chase for low-carbon emission policies via the pursuit for green economy. To this end, this present study extends the conventional environmental Kuznets curve (EKC) argument by incorporating the role of institution in emerging industrialized economies (E7) and using second-generation panel analysis methods like mean group (MG), augmented mean group (AMG), common correlated effects mean group (CCEMG), and the Dumitrescu and Hurlin causality test for more robust estimates and inferences. To this end, we explore the long-run and causality relationship between economic growth, quadratic form of economic growth, institutional quality, trade flow, investment in energy sector, and financial development in an EKC environment. Empirical analysis established a long-run equilibrium relationship among the outlined variables over the study period. The long-run regression shows the presence of EKC in the E7. Thus, suggesting the preference for GDP growth over environmental quality at the earlier stage of growth curve. Interestingly, investment in energy, trade flow dynamics across the blocs, and financial development dampens the detrimental effect of environmental pollution as we observed negative relationship with the ecological footprint. On the contrary, quality of institution is weak as institutional quality increase (worsen) the quality of environment in the E7 economies. From a policy perspective, this current study proposed the need for more stringent environmental treaties and regulations and promotion of green economy without compromising economic growth. In the conclusion part of the study, more details and specifics about the policy blueprint are presented.