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Abstract This study investigates the macroeconomic effects of adverse oil price shocks on a small oil-exporting economy — the Azerbaijan economy. We estimate a recursive (near) VAR model by using monthly macroeconomic data from 2006 to 2018. The results indicate the Azerbaijan economy is adversely influenced by an oil price decline. Specifically, we find that a negative oil price shock deteriorates trade balance, causes a currency depreciation, increases inflation and falls economic activity. Furthermore, our findings imply that the oil price-led devaluation shapes the inflationary and recessionary consequences of this shock.

Abstract To achieve the EU climate and energy objectives, a transition towards a future sustainable energy system is needed. The integration of the huge potential for industrial waste heat recovery into smart energy system represents a main opportunity to accomplish these goals. To successfully implement this strategy, all the several stakeholders' conflicting objectives should be considered. In this paper an evolutionary multi-objective optimization model is developed to perform a sustainability evaluation of an energy system involving an industrial facility as the waste heat source and the neighbourhood as district heating network end users. An Italian case study of heat recovery from a steel casting facility shows how the model allows to properly select the district heating network set of users to fully exploit the available waste energy. Design directions such as the thermal energy storage capacity can be also provided. Moreover, the model enables the analysis of the trade-off between the stakeholders’ different perspectives, allowing to identify possible win-win solutions for both the industrial sector and the citizenship.

Torrefaction is considered as a method for producing biofuels with improved characteristics compared to those of the “raw” biomass (higher calorific value, moisture resistance, better grindability). The torrefaction process is an endothermic process that is usually carried out in a gaseous atmosphere in the absence of oxygen. To reduce the required heat input, it is proposed to employ the oxidative torrefaction and conduct the process in a fluidized bed agitated with flue gases containing less than 6% oxygen. Preliminary studies of the oxidative torrefaction of sunflower husks, including thermogravimetric analysis of the treated material, have shown that the heat treatment time for the biomass should be at least 5 min. A fluidized bed is a reactor with ideal mixing of the treated material where uniform treatment of raw material particles cannot generally be attained. To overcome this disadvantage of the fluidization technique and achieve the required residence time for biomass in a fluidized bed during a continuous torrefaction process, it was proposed to equip a torrefaction reactor with a series of vertical baffles spaced at 50 mm. These baffles induce a loop-like flow of the processed biomass from the inlet to the outlet of the reactor. To investigate the residence time for husk particles in the reactor, a tracer, which was colored to husk particles' color with a water-soluble dye which did not change the weight and size of the particles, was injected into the bed of uncolored particles. Tracer samples were taken every 30 s at the outlet of the reactor and were analyzed using a special procedure to determine the fraction of colored particles in each sample. This enabled us to gauge the time during which the colored particles injected into the fluidized bed reached the point of their discharge from the bed. Studies performed in a “cold” model of the reactor showed that a series of vertical baffles in the bed can provide the required residence time for biomass in a reactor including commercial reactors. Plates can provide the necessary biomass residence time in the reactor.

The current status and challenges associated with the production and utilization of cellulosic ethanol in Korea are reviewed in this paper. Cellulosic ethanol has emerged as a promising option for mitigating Korea's CO(2) emissions and enhancing its energy security. Korea's limited biomass resources is the most critical barrier to achieving its implementation targets for cellulosic ethanol. Efforts to identify new suitable biomass resources for cellulosic ethanol production are ongoing and intensive. Aquatic biomasses including macroalgae and plantation wastes collected in the Southeast Asia region have been found to have great potential as feedstocks for the production of cellulosic ethanol. R&D explorations into the development of technologies that can convert biomass materials to ethanol more efficiently also are underway. It is expected that cellulosic ethanol will be in supply from 2020 and that, by 2030, its use will have effectively reduced Korea's total gasoline consumption by 10%.

Abstract Transportation de-carbonization is a complex problem involving the economy, population, technology and environment. Implementing the pathway simulation based on systematic methods will help to optimize the transportation sustainability plan. This study’s key motivation is that earlier research ignored the relationship between driving factors and the transmission process. To quantitatively identify the path and process of emission reduction, a hybrid system dynamics STIRPAT-SD model is proposed to explore the transportation optimization’s de-carbonization ability. This study fully considers the composition of elements and subsystems based on the STIRPAT theoretical model and visually shows the system’s feedback relationship. Transportation structural and technical optimization scenarios are set to identify the threshold reduction paths. It is found these optimization strategies have significant de-carbonization effects. And transportation structure policy has the highest de-carbonization efficiency, the emission intensity decreased by 9.1% under the TSS2 scenario (Transportation structure scenario). This study proposes a novelty model combining dynamic simulating processes with a significantly theoretical model to improve simulation and factor composition accuracy. And the joint scenario setting identifies the most effective de-carbonization pathway and clarifies the threshold of all possible pathways. Research findings can effectively track, test, predict the achievement of policy goals, and provide policy optimization references for the sustainable development related to the transportation system in practice.

Purpose This study aims to consider environmental sustainability, a global challenge under the preview of sustainable development goals, highlighting the significance of knowledge economy in attaining sustainable aggregate demand behavior globally. For this purpose, 155 countries that have data available from 1995 to 2021 were selected. The purpose of selecting these countries is to test the global responsibility of the knowledge economy to attain environmental sustainability. Design/methodology/approach Results are estimated with the help of panel quantile regression. The empirical existence of aggregate demand-based environmental Kuznets curve (EKC) was tested using non-linear tests. Moreover, principal component analysis has been incorporated to construct the knowledge economy index. Findings U-shaped aggregate demand-based EKC at global level is validated. However, environmental deterioration increases with an additional escalation after US$497.945m in aggregate demand. As a determinant, the knowledge economy is reducing CO2 emissions. The knowledge economy has played a significant role in global responsibility, shifting the EKC downward and extending the CO2 reduction phase for every selected country. Further, urbanization, energy intensity, financial development and trade openness significantly deteriorate the environmental quality. Originality/value This study contains the empirical existence of aggregate demand-based EKC. The role of the knowledge economy is examined through an index which is calculated by using four pillars of the knowledge economy (technology, innovations, education and institutions). This study is based on a combined panel of all the countries for which the data was available.

Abstract The proposed innovative approach identifies a new application for biomass. Bioenergy is used to drive a desalination unit which produces water for irrigating energy crops. Biomass is cultivated on artificial soil made by a mixture of local soil and organic compost from MSW (Municipal Solid Wastes). This agro-energy farm scheme aims at rescuing arid lands near to the sea. The study defines a techno-economic compromise among energy crops, biomass generator, desalination unit and irrigation system, considering an arid area (10 ha) of Tenerife as reference case study. A small experimental activity (100 m 2 ) has also been performed on site. A Sweet Sorghum cultivation, a bioenergy generator, a reverse osmosis plant and drip irrigation system have been chosen. The main result of the study is that the possibility of retaining some 14–20% surplus (in terms of biomass or energy or water) exists. The system is energetically feasible: rescued land can be doubled in approximately 4 yr. This approach is applicable to many Mediterranean coastal areas, as well as other similar situations elsewhere.

This paper presents a multi-objective optimization model for a long-term generation mix in Indonesia. The objective of this work is to assess the economic, environment, and adequacy of local energy sources. The model includes two competing objective functions to seek the lowest cost of generation and the lowest CO2 emissions while considering technology diffusion. The scenarios include the use of fossil reserves with or without the constraints of the reserve to production ratio and exports. The results indicate that Indonesia should develop all renewable energy and requires imported coal and natural gas. If all fossil resources were upgraded to reserves, electricity demand in 2050 could be met by domestic energy sources. The maximum share of renewable energy that can be achieved in 2050 is 33% with and 80% without technology diffusion. The least cost optimization produces lower generation costs than the least CO2 emissions, as well as the combined scenario. Total CO2 emissions in 2050 are five to six times as large as current emissions. The least CO2 emissions scenario can reduce almost half of the CO2 emissions of the least cost scenario by 2050. The proposed multi-objective optimization model leads some optimal solutions for a more sustainable electricity system.

Paper mill sludge (PMS) is a residual biomass that is generated at paper mills in large quantities. Currently, PMS is commonly disposed in landfills, which causes environmental issues through chemical leaching and greenhouse gas production. In this research, we are exploring the potential of fast pyrolysis process for converting PMS into useful bio-oil and biochar products. We demonstrate that by subjecting PMS to a combination of acid hydrolysis and torrefaction pre-treatment processes it is possible to alter the physicochemical properties and composition of the feedstock material. Fast pyrolysis of pretreated PMS produced bio-oil with significantly higher selectivity to levoglucosenone and significantly reduced the amount of ketone, aldehyde, and organic acid components. Pretreatment of PMS with combined 4% mass fraction phosphoric acid hydrolysis and 220 °C torrefaction processed prior to fast pyrolysis resulted in a 17 times increase of relative selectivity towards levoglucosenone in bio-oil product along with a reduction of acids, ketones, and aldehydes combined from 21 % to 11 %. Biochar, produced in higher yield, has characteristics that potentially make the solid byproduct ideal for soil amendment agent or sorbent material. This work reveals a promising process system to convert PMS waste into useful bio-based products. More in-depth research is required to gather more data information for assessing the economic and sustainability aspects of the process.