• Energy Research
• 2016-2025close
• other engineering and technologies close
• 12. Responsible consumption close
• 8. Economic growth close

This paper evaluated the environmental effects of socially responsible investments (SRIs) in European countries and analyzed the differentiation between them in terms of SRIs and selected features in the environmental dimension. The first section of the paper discusses contemporary trends in Europe and in certain European countries, whilst the second compares SR environmental investments and environmental factors in selected European countries from a multidimensional perspective. The aim of the study was to identify and evaluate these trends as well as to find similarities and differences between European countries, and subsequently to indicate groups of countries with similar approaches to pro-ecological investments. In order to solve the problem, descriptive and multidimensional statistical methods were used, namely correspondence analysis (CA). Although the research results clearly revealed upward tendencies in the volume of SR environmental investments in the analyzed period, they nonetheless represent a relatively low share in the total number of socially responsible investments. The overall growth in SRIs in Europe may have resulted from the more intense activities of policymakers in some countries as a consequence of concluding agreements reached during the 21st Conference of the Parties (COP21) in 2015. The results of the study also revealed no significant correlations between SR environmental investments and environmental variables among the European countries analyzed; hence, there is no substantial evidence that investors’ assets contribute to the improvement of the environment.

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.

In this study, we investigated the influence of overall financial development and its components on energy consumption using the panel data of 120 countries and the generalized method of moments (GMM). By dividing the sample into developed and developing countries, we further examined the national differences of the impact of financial development on energy consumption. The empirical results indicate that the overall financial development significantly positively impacts energy consumption from a worldwide perspective, and its two components (financial institution and the financial market) have the same effect. The analysis of national differences indicates that the financial development also positively impacts energy consumption in developing countries but with no obvious effect in developed countries. The results also suggest that financial development cannot be used to restrain the increase in energy consumption from the global perspective, and policymakers in developing countries must balance the relationship between the development of the financial sector and energy consumption.

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.

This study focuses on formulating the most sustainable concrete by incorporating recycled concrete aggregates and other products retrieved from construction and demolition (C&D) activities. Both recycled coarse aggregates (RCA) and recycled fine aggregates (RFA) are firstly used to fully replace the natural coarse and fine aggregates in the concrete mix design. Later, the cement rich ultrafine particles, recycled glass powder and mineral fibres recovered from construction and demolition wastes (CDW) are further incorporated at a smaller rate either as cement substituent or as supplementary additives. Remarkable properties are noticed when the RCA (4–12 mm) and RFA (0.25–4 mm) are fully used to replace the natural aggregates in a new concrete mix. The addition of recycled cement rich ultrafines (RCU), Recycled glass ultrafines (RGU) and recycled mineral fibres (RMF) into recycled concrete improves the modulus of elasticity. The final concrete, which comprises more than 75% (wt.) of recycled components/materials, is believed to be the most sustainable and green concrete mix. Mechanical properties and durability of this concrete have been studied and found to be within acceptable limits, indicating the potential of recycled aggregates and other CDW components in shaping sustainable and circular construction practices. The authors wish to acknowledge the financial support from EU Horizon 2020 Project VEEP ‘‘Cost-Effective Recycling of C&DW in High Added Value Energy Efficient Prefabricated Concrete Compo-nents for Massive Retrofitting of our Built Environment” (No.723582).

AbstractShipbuilding is an energy-intensive industrial sector that produces a significant amount of waste, pollution and air emissions. However, the International Maritime Organization concentrates only on reducing emissions during the operational phase. In order to completely phase out emissions from the shipping industry, a life-cycle approach must be taken. The study implemented the proposed transdisciplinary energy management framework in a Bangladeshi shipyard. The framework aims to support shipyard decision makers in making rational and optimized decisions to make shipyards sustainable, while maintaining good product quality and reducing relative cost. This is achieved by applying the Fuzzy Analytical Hierarchy Process and Fuzzy Order of Preference by Similarity to Ideal Solution methods to identify optimal solutions. In addition to making shipyards more sustainable, the framework can enhance both the business and socio-economic prospects of the shipyard and promote the reputation of the shipyard and improve its competitiveness and, in line with this, lead to the promotion of nationally determined contributions under the Paris Agreement for States. The implementation of the framework shows that the political and legal discipline, the social criteria and the implementation of ISO 14001 and cyber security were the most important criteria and options for the yard's decision makers.

Understanding the system of connections between societal contexts and policy outcomes in municipal governments provides important insights into how community sustainability happens, and why it happens differently in various communities. A growing body of research in recent years has focused on understanding the socio-economic characteristics of communities and cities that are recognized as policy leaders in sustainability. In this paper, we expand the focus beyond the leaders in sustainability as we apply a selection of socio-demographic influences of community sustainability to a large sample of U.S. communities using community classification analytics to identity a range of community types and levels of engagement with sustainability. Our typology presents an integrated and comprehensive perspective on the structure of community sustainability in the United States, highlighting key points of comparison between human capital factors such as population size and density, affluence, home ownership, and adoption of sustainability policy. The analysis provides new insights not only about community leaders in sustainability, but also communities with the civic and social capacity to do more, and the challenges that may inhibit sustainability efforts in others.