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Abstract Natural gas is an important source of energy in the global economy, hence understanding the drivers of its prices is of significant interest for economic agents. This paper investigates the role of structural shocks for the dynamics of the U.S. natural gas market within the Bayesian Structural Vector Autoregression framework applied by Baumeister and Hamilton (2019a, AER), to the crude oil market. This approach provides clear intuition for the identification strategy and allows us to correctly estimate the short-term price elasticity of natural gas supply and demand. Our results indicate that the former is low, whereas the latter is higher than the average estimate in the literature. We also show that market specific demand shocks explain a dominant fraction of natural gas prices variability, while the contribution of supply, aggregate economic activity and inventory shocks is important only during specific market events such as the recent outbreak of the COVID-19 pandemic. Finally, we illustrate how changes in supply in the era of shale gas revolution contributed to the dynamics of natural gas prices.

The European Union is currently in the process of transformation toward a circular economy model in which different areas of activity should be integrated for more efficient management of raw materials and waste. The wastewater sector has a great potential in this regard and therefore is an important element of the transformation process to the circular economy model. The targets of the circular economy policy framework such as resource recovery are tightly connected with the wastewater treatment processes and sewage sludge management. With this in view, the present study aims to review existing indicators on resource recovery that can enable efficient monitoring of the sustainable and circular solutions implemented in the wastewater sector. Within the reviewed indicators, most of them were focused on technological aspects of resource recovery processes such as nutrient removal efficiency, sewage sludge processing methods and environmental aspects as the pollutant share in the sewage sludge or its ashes. Moreover, other wide-scope indicators such as the wastewater service coverage or the production of bio-based fertilizers and hydrochar within the wastewater sector were analyzed. The results were used for the development of recommendations for improving the resources recovery monitoring framework in the wastewater sector and a proposal of a circularity indicator for a wastewater treatment plant highlighting new challenges for further researches and wastewater professionals.

AbstractEfficient allocation of resources and transition towards cleaner sources of energy are among the key factors in minimizing the negative externalities arising from the growing dependency on fossil fuels. Moreover, environmentally benign trade policies are crucial due to the rapid expansion in global trade and comparative advantage. To explore the relationship between global trade and Consumption‐Based Carbon Emissions (CBCE) in China in the context of renewable energy consumption and energy efficiency from 1990 Q1 to 2020 Q4, this paper employs the dynamic Autoregressive Distributed Lags (Dynamic ARDL) model to evaluate the connection between international trade, renewable energy usage, energy efficiency, and CBCE, with the Kernel‐Based Regularized Least Squares analysis being used to determine the causal association. The findings reveal that GDP and imports are directly linked with CBCE in the long run, while exports, energy efficiency, and renewable energy consumption have a negative significant long‐run and short‐run influence on CBCE. In addition, exports help in the reduction of CBCE by sharing and adapting environmentally friendly technologies adopted in, for example, renewable energy and ecological advancements. Renewable energy promotes the quality of the environment, which is attributable to the performance of renewable energy and environmentally friendly technologies that directly stimulate the reduction of CBCE emissions. By cutting CBCE, energy efficiency tends to boost environmental quality. The research findings have noteworthy policy implications; trade enhances the quality of environment by introducing lower energy intensive production methods and technology that support sustainable development. As a result, this study advocated quite stringent policies in terms of aligning international trade orientation with environmental quality policy in China. Furthermore, energy efficiency policies are required to lower CBCE by focusing on high‐energy‐using industries and providing alternative clean energy sources.

This paper presents a methodical framework, which is the basis for the economic analysis of the mid-term planning of development of the Polish energy system. The description of the partial equilibrium model and its results are demonstrated for different scenarios applied. The model predicts the generation, investment and pricing of mid-term decisions that refer to the Polish electricity and heat markets. The current structure of the Polish energy sector is characterised by interactions between the supply and demand sides of the energy sector. The supply side regards possibilities to deliver fuels from domestic and import sources and their conversion through transformation processes. Public power plants, public CHP plants, industry CHP plants and municipal heat plants represent the main producers of energy in Poland. Demand is characterised by the major energy consumers, i.e. industry and construction, transport, agriculture, trade and services, individual consumers and export. The relationships between the domestic electricity and heat markets are modelled taking into account external costs estimates. The volume and structure of energy production, electricity and heat prices, emissions, external costs and social welfare of different scenarios are presented. Results of the model demonstrate that the internalisation of external costs through the increase in energy prices implies significant improvement in social welfare.

Abstract Many countries worldwide developed own policies of fostering the sector of renewable energy technologies (RET). Indeed, public policy support has been discussed as pivotal to facilitating new sectors within the theory of infant industries. Particularly in the context of emerging economies, the achievement of the international competitiveness of the RET sector may require public support. On the other hand, however, certain governmental decisions may not turn out to be supportive to RET companies, particularly at such early stage. Thus, the objective of this paper is to explore the role of public support in the RET sector in the context of an emerging market of Poland. In particular, the study aims at investigating the importance of different types of support measures, as well as their relative relevance in different sub-sectors of RET. The study addresses these objectives in a mixed-method empirical study, which sheds light on both the particular support instruments, as well as the expectations of RET companies with regard to the role of the public authorities in building the competitiveness of this sector. Among others, the study finds support for the notion that economic policy is a key determinant of the competitive position of the RET sector, whereby hard measures have a stronger influence than soft ones. The conclusion section provides a number of policy recommendation.

Abstract This paper examines the existence of an inverted U-shaped relationship between income and CO2 emissions from fossil fuels for a panel of 161 countries over the period 1992–2012. Our contribution, empirical in nature, is threefold. (i) We estimate the Environmental Kuznets Curve for CO2 emissions using three conventional measures of GDP taken from the PWT and the WDI and show that the results of the estimates are unstable and that the turning points are dependent on the measure of GDP. (ii) We use a new dataset of GDP based on the Defense Meteorological Satellite Program's Operational Linescan System (DMSP-OLS) nighttime light imagery as a proxy for the development level, and using these data, which are less prone to the measurement errors in the System of National Accounts statistics, we find evidence for the existence of an Environmental Kuznets Curve for CO2 emissions. (iii) We apply a U test that confirms that the estimated extreme point is within our data range. The evaluated turning point, beyond which CO2 emissions start to fall as income rises, is considerably lower than earlier studies show, and thus, our results provide more optimistic prospects of the possible environmental benefits of economic growth.

Abstract Energy poverty is a recognized issue on the EU political agenda, yet relatively little is known about its dynamics. This paper provides new evidence on the profiles of energy-poor households in Poland and the determinants that allow them to escape energy poverty. Our study is the first to assess the persistence of energy poverty in Poland; it examines long-term interactions between energy poverty and poverty. The analysis is based on panel data obtained from the 2014 to 2017 waves of the EU Survey on Income and Living Conditions and uses subjective indicators of energy poverty and poverty. The results suggest that energy poverty in Poland is a transitory state which the poor are less likely to escape. Two distinct energy-poverty profiles are identified in the study: 1) middle-aged inhabitants of rural areas who are mostly inactive on the labor market and live in single-family houses; 2) elderly pensioners from urban areas, mostly women who live in old blocks of flats. The determinants of escaping energy poverty are cluster-specific. The findings suggest that energy poverty reduction should be targeted within renovation policy, employment policy, and social assistance.

Anaerobic digestion (AD) serves as a promising alternative for waste treatment and a potential solution to improve the energy supply security. The feasibility of AD has been proven in some of the technologically and agriculturally advanced countries. However, development is still needed for worldwide implementation, especially for AD process dealing with municipal solid waste (MSW). This paper reviews various approaches and stages in the AD of MSW, which used to optimise the biogas production and quality. The assessed stages include pre-treatment, digestion process, post-treatment as well as the waste collection and transportation. The latest approaches and integrated system to improve the AD process are also presented. The stages were assessed in a relatively quantitative manner. The range of energy requirement, carbon emission footprint and the percentage of enhancement are summarised. Thermal hydrolysis pre-treatment is identified to be less suitable for MSW (-5% to +15.4% enhancement), unless conducted in the two-phase AD system. Microwave pre-treatment shows consistent performance in elevating the biogas production of MSW, but the energy consumption (114.24-8,040 kWeh t-1) and carbon emission footprint (59.93-4,217.78 kg CO2 t-1 waste) are relatively high. Chemical (∼0.43 kWeh m-3) and membrane-based (∼0.45 kWeh m-3) post-treatments are suggested to be a lower energy consumption approach for upgrading the biogas. The feasibility in terms of cost (scale up) and other environmental impacts (non-CO2 footprint) needs to be further assessed. This study provides an overview to facilitate further development and extended implementation of AD.

Abstract The aim of this study is to assess the effect of renewable energy sector development on the relationships between electricity consumption and economic growth in the European Union countries in the period between 1995 and 2015. A panel vector autoregressive model is used for testing Granger causality and estimating impulse-response functions. The results indicate that the relationships between economic growth and electricity consumption depend on the level of renewable energy sector development. The greater the share of the renewable energy sector in the economy is, the more noticeable the mutual dependence between the economic growth and renewable electricity consumption is. In countries with relatively well-developed renewable energy sectors renewable electricity consumption boosts the economy and vice versa. In the remaining countries economic growth and electricity consumption are independent. Empirical findings suggest that policymakers should develop strategies to implement clean energy policy aimed at stimulating the development of the renewable energy sector to support economic growth.