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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.

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 Chinese government has taken measures to realize energy-savings and emission reductions, such as promoting innovations, adjusting the industrial structure, balancing regional development, and reforming markets. The aim of this paper is to assess the effects of these measures on China's CO2 emissions by using a newly proposed decomposition approach, which identified eight new factors related to the above realistic measures, i.e., energy saving and production technologies, industrial energy and production efficiencies, regional energy and production efficiencies, and pure energy and production efficiencies. The main findings indicate benefits from considerable technological progress in energy-saving and production during 2000–2016 period, and two technological factors contributed the most to emissions abatement and cumulatively reduced 5372.43 Mt and 1291.72 Mt CO2 emissions. The efforts of industrial restructuring promoted energy and production efficiency improvement, which further facilitated emission reduction. In contrast, the pure energy and production efficiency changes cumulatively led to 1080.26 Mt and 1135.85 Mt CO2 emissions growth during the whole sample period, suggesting that severe resource misallocation problems may exist in both the energy market and output market. Additionally, the Chinese government failed to narrow the technology gap between developed regions and underdeveloped regions, further restricting emission reduction.

In July 2010, the LISS Immigrant panel was presented a questionnaire to measure the ecological footprint of the respondent. The questionnaire calculates the ecological footprint by taking account of the space, resources and energy people use in relation to the biocapacity of the earth.More information on this Ecological Footprint measure by Prof. W. Rees and Dr. M. Wackernagel can be found on the website: www.footprintnetwork.org.

Abstract Commercial potential in developing countries has always received a great attention from international investors, but this is not the case in Waste-to-Energy sector. Waste-to-Energy is bound up with various uncertainties rooted in its long-term nature therefore incorporating risks regarding political matters in developing countries makes it more complex. The present study substantiates the incompatibility of classic valuation methods in risky projects. Consequently, to deal with the riskiness of Waste-to-Energy investment in less developed countries, the combination of binomial tree analysis and Decoupled NPV is proposed. The hybrid approach is deployed to value a Waste-to-Energy project in Iran, and all evidence attest to the robustness of the method. The contribution of this paper can open up new vistas for investing in Waste-to-Energy industry, thus abating the catastrophic effects of landfill gas emissions.

Biogas is a viable alternative for supplying clean and sustainable energy. Despite all manner of policy measures introduced by the Government of India, biogas is not widely used in India. This article tries to identify factors that influence the decision to adopt biogas at household level. We examine a conceptual framework empirically in which a household wants to maximize utility from biogas by using the India Human Development Survey (IHDS) I, which is a nationally representative, multi-topic survey. By applying both maximum likelihood and penalized likelihood methods (Firthlogit) of logistic regression on a sample size of almost 10,384 households, it has been found that wealthy people are more likely to adopt biogas compared to the marginalized section of the society. We recommend more inclusive policy measures for the weaker section of the society to create an enabling environment to make it a self-promoting technology.

Abstract Reaching universal access to electricity by 2030 requires a massive deployment of mini-grids in rural areas of developing countries. Among the many challenges hindering this process, there are the high uncertainties in assessing demand patterns in rural communities, the costs of field survey campaigns, and the absence of ample and reliable datasets coming from existing projects. This paper tries to address these issues by presenting and discussing a database of load profiles from sixty-one off-grid mini-grids from developing countries worldwide, gathered from the literature, private developers and fieldworks, and reported with technical, socio-economic and geographical characterization factors. A clustering procedure led to the identification of five archetypal load profile clusters, which are presented and analyzed together with their load duration curves. Subsequently, the distribution among the clusters of the various characterization factors selected is studied. The proposed approach allows to widen the range of load profiles usually considered, and to seek correlations between the load profile shapes, the peak power and average energy consumption per connection, the number of customers, the age of measurement, geographical position, operator model, type of tariff and generation technologies present. This work establishes a first step in the creation of a shared database for load profiles of rural mini-grids, helping to overcome the lack of available data and difficulties of demand assessment, proposing original insights for researchers to understand load patterns, and contributing to reduce risks and uncertainties for mini-grid developers.

A promising route to transition wastewater treatment facilities (WWTFs) from energy-consuming to net energy-positive is to retrofit existing facilities with process modifications, residual biosolid upcycling, and effluent thermal energy recovery. This study assesses the economics and life cycle environmental impacts of three proposed retrofits of WWTFs that consider thermochemical conversion technologies, namely, hydrothermal liquefaction, slow pyrolysis, and fast pyrolysis, along with advanced bioreactors. The results are in turn compared to the reference design, showing the retrofitting design with hydrothermal liquefaction, and an up-flow anaerobic sludge blanket has the highest net present value (NPV) of $177.36MM over a 20-year plant lifetime despite 15% higher annual production costs than the reference design. According to the ReCiPe method, chlorination is identified as the major contributor for most impact categories in all cases. There are several uncertainties embedded in the techno-economic analysis and life cycle assessment, including the discount rate, capital investment, sewer rate, and prices of main products; among which, the price of biochar presents the widest variation from $50 to $1900/t. Sensitivity analyses reveal that the variation of discount rates causes the most significant changes in NPVs. The impact of the biochar price is more pronounced in the slow pyrolysis-based pathway compared to the fast pyrolysis since biochar is the main product of slow pyrolysis.

AbstractRemittances to the Philippines constitute a prominent part of its economy. However, remittances' effects on its environment have not been researched. In this regard, this research examines the direct and indirect impacts of remittance inflows on the Philippines' environmental sustainability for the 1977–2016 period by proposing a multivariate model, and by utilising the augmented ARDL and VECM methods to estimate this model. Our findings indicate that remittance inflows threaten environmental sustainability in the long‐run both directly and indirectly through boosting income and energy (oil) consumption. The results additionally imply that income and energy consumption also increase the ecological footprint of the Philippines in the long‐run. However, economic globalisation's long‐run impact is insignificant, yet its short‐run impact is significantly negative on the country's level of environmental degradation. Additionally, the findings reveal that the feedback hypothesis is valid between income and energy consumption in the long‐run, but the neutrality hypothesis is valid in the short‐run. This research's findings reveal that remittance inflows' impact on the environment is significant, and can occur through direct and various indirect channels, therefore, these inflows should be an integral part of sustainability policies in the Philippines, as ignoring them could cause further environmental decline.