• Energy Research
• 2016-2025close
• Restricted close
• Embargo close
• DE close
• NL close
• IN close

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.

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.

Thermoacoustic technology emerges as a sustainable and low-carbon method for energy conversion, leveraging environmentally friendly working mediums and independence from electricity. This study presents the development of a multimode heat-driven thermoacoustic system designed to utilize medium/low-grade heat sources for room-temperature cooling and heating. We constructed both a simulation model and an experimental prototype for a single-unit direct-coupled thermoacoustic system, exploring its performance in heating-only, cooling-only, and hybrid heating and cooling modes. Internal characteristic analysis including an examination of internal exergy loss and a distribution analysis of key parameters was first conducted in the hybrid cooling and heating mode. The results indicated a positive-focused traveling-wave-dominant acoustic field within the thermoacoustic core unit, enhancing energy conversion efficiency. The output system performance was subsequently tested under different working conditions in the heating-only and cooling-only modes. A maximum output heating power of 2.3 kW and a maximum COPh of 1.41 were observed in the heating-only mode. Meanwhile, a cooling power of 748 W and a COPc of 0.4 were obtained in the typical cooling condition at 7 °C when operating in cooling-only mode. These findings underscore the promising potential of thermoacoustic systems for efficiently utilizing medium/low-grade heat sources for cooling and/or heating applications in the future.

Thermoacoustic technology emerges as a sustainable and low-carbon method for energy conversion, leveraging environmentally friendly working mediums and independence from electricity. This study presents the development of a multimode heat-driven thermoacoustic system designed to utilize medium/low-grade heat sources for room-temperature cooling and heating. We constructed both a simulation model and an experimental prototype for a single-unit direct-coupled thermoacoustic system, exploring its performance in heating-only, cooling-only, and hybrid heating and cooling modes. Internal characteristic analysis including an examination of internal exergy loss and a distribution analysis of key parameters was first conducted in the hybrid cooling and heating mode. The results indicated a positive-focused traveling-wave-dominant acoustic field within the thermoacoustic core unit, enhancing energy conversion efficiency. The output system performance was subsequently tested under different working conditions in the heating-only and cooling-only modes. A maximum output heating power of 2.3 kW and a maximum COPh of 1.41 were observed in the heating-only mode. Meanwhile, a cooling power of 748 W and a COPc of 0.4 were obtained in the typical cooling condition at 7 °C when operating in cooling-only mode. These findings underscore the promising potential of thermoacoustic systems for efficiently utilizing medium/low-grade heat sources for cooling and/or heating applications in the future.

In this paper, we address the problem of determining the optimal day-ahead generation profile for a wind power producer by exploiting wind speed forecasts provided by a meteorological service. In the considered framework, the wind power producer is called to take part in the responsibility of system operation by providing day-ahead generation profiles and undergoing penalties in case of deviations from the schedule. Penalties are applied only if the delivered hourly energy deviates from the schedule more than a given relative tolerance. The optimal solution is obtained analytically by formulating and solving a stochastic optimization problem aiming at maximizing the expected profit. The proposed approach consists in exploiting wind speed forecasts to classify the next day into one of several predetermined classes, and then selecting the optimal solution derived for each class. The performance of the bidding strategy is demonstrated using real data from an Italian wind plant and weather forecasts provided by a commercial meteorological service.

In this paper, we address the problem of determining the optimal day-ahead generation profile for a wind power producer by exploiting wind speed forecasts provided by a meteorological service. In the considered framework, the wind power producer is called to take part in the responsibility of system operation by providing day-ahead generation profiles and undergoing penalties in case of deviations from the schedule. Penalties are applied only if the delivered hourly energy deviates from the schedule more than a given relative tolerance. The optimal solution is obtained analytically by formulating and solving a stochastic optimization problem aiming at maximizing the expected profit. The proposed approach consists in exploiting wind speed forecasts to classify the next day into one of several predetermined classes, and then selecting the optimal solution derived for each class. The performance of the bidding strategy is demonstrated using real data from an Italian wind plant and weather forecasts provided by a commercial meteorological service.