• Energy Research
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This research provides new techno-economic insights into integrating flexible combined-cycle gas turbines with post-combustion carbon capture and storage (CCGT-CCS) for low-carbon power systems. This study developed a versatile unit-commitment optimisation model of CCGT-CCS. This research highlights the model’s adaptability, accommodating diverse techno-economic configurations, feed gases (e.g., biomethane or fossil natural gas), carbon capture rates, and policy instruments. This generalisation empowers seamless application in various policy and market contexts, making the model a potent tool for researchers and policymakers. While the case study focuses on the UK, the findings are relevant for most low-carbon power systems with variable renewable supplies. Analysing the UK’s net-zero scenarios from 2030 to 2050, the economic viability of flexible CCGT-CCS was highlighted. Intertemporal flexibility proves highly valuable with greater electricity price volatility, with a total ROI range of 81–246 %, surpassing the CCGT-CCS plant’s ROI (7–64 %). A flexible solvent storage solution should be seen in the context of the overall system ‘flexibility’ requirements of a low-carbon power system. On a cost basis, solvent storage represents just a fraction of the capital costs of more “mainstream” energy storage technologies, such as lithium-ion batteries or hydro-pumped storage, while CCGT-CCS offers firm power. Overall, while seen as a rather technical solution, if abated fossil fuel generation is to be part of a future low-carbon power system, having this flexibility adds economic benefits not just to operators but also improves overall system security and complements high shares of variable renewables on the grid.

We use extreme regional pollution emergencies to provide new evidence regarding the motivations for corporate social responsibility (CSR). We document that local firms strategically improve CSR to build trust following pollution emergencies, and this is specifically true for highly polluting firms. Firms face different intensities of external pressure from their stakeholders. In particular, following pollution emergencies, political dependency, institutional investors and public monitoring are the main sources of stakeholder pressure and drivers of the increased CSR. We further find that firms that gain trust through CSR activities after pollution emergencies are rewarded. CSR serves as a buffer against financial constraints, financing distress and the negative profitability effect following emergencies. This study contributes to the CSR literature on trust-building-motivated CSR strategies.

In the 21st century, many countries are starting to use geothermal energy (GTE) as a new energy source. Serbia also has the potential to use it as a renewable energy source. The complex geological structure of its terrain has given rise to a large number of thermomineral springs and geothermal wells. Based on the existing measurements, the geothermal heat flow density in Serbia ranges from 80 to 120 mW/m2, which is above Europe's average (60 mW/m2). Currently, there are 66 projects in Serbia that directly use geothermal energy. There are an estimated 1005 geothermal heat pump units. Their power varies between 10 kW and 40 kW and they operate for 2860 full load hours per year. This paper deals with the development, current state and perspectives of geothermal energy utilization for heating in Serbia. To illustrate the current state of geothermal energy utilization in Serbia, spa settlements Vranjska Banja and Gornja Trepča, as well as the Bogatić Municipality have been singled out as examples of good practice. The presented analysis includes determining the available amount of geothermal energy and its utilization for district heating or heating of selected public facilities. The concept and methodology of the presented research are based on data collection through literature review, surveys and field research. The analysis confirms the cost-effectiveness of using geothermal energy and reveals numerous ecological advantages over other energy sources. However, it was concluded that аlthough there is potential, geothermal sources, as a renewable energy source, are used negligibly in Serbia.