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Abstract This paper examines the effects of foreign trade and foreign direct investment (FDI) on CO 2 emissions in Turkey. We consider linear and nonlinear ARDL models and find significant asymmetric effects of exports, imports and FDI on CO 2 emissions per capita. However, FDI has no statistically significant long-run effects. In the long run, decreases in exports reduce CO 2 emissions per capita but increases in exports have no statistically significant effects. Increases in imports push up CO 2 emissions per capita, while decreases in imports have no long-run effects. On the other hand, CO 2 intensity, which measures CO 2 emissions per unit of energy, is not influenced by exports and imports, nor by FDI. Instead, it is affected positively by financial development and urbanization. Also, we find that an environmental Kuznets curve is present for both CO 2 measures so that increases in real GDP per capita have led to reductions in CO 2 emissions for at least the most recent decade, controlling for other confounding factors. Furthermore, the sectoral shares of CO 2 emissions in total CO 2 emissions change asymmetrically with foreign trade for two of four sectors, with export increases leading to lower CO 2 shares and imports having the opposite effect.

In recent decades, many societal changes have unfolded, including population ageing, reconfigurations of household structures, labour market transformation, and a secular deceleration of economic growth. These shifts pose considerable challenges to preexisting welfare states, particularly to the efficacy of countries’ pension systems. This dissertation examines the context and trajectory of pension reforms in Mexico, the United Kingdom, and the United States. Its contribution is to ascertain the viability and political feasibility of reforms that enhance the financial sustainability of their pension systems, while maintaining adequate income and coverage levels. The dissertation builds on political economy approaches and on the institutionalist literature, which highlight how the role of interest groups and structure of institutions and political systems shape policy outcomes. The frameworks of blame avoidance and credit-claiming are also considered, to provide a comprehensive analysis of the complex dynamics surrounding pension systems and reform efforts. This dissertation uses a mixed-methods approach – including public opinion surveys of 3,000+ individuals, semi-structured elite interviews, historical document analyses, and specialized fiscal and actuarial projections of selected pension reforms in the three selected countries. It addresses three core research questions: 1) What is the current context for pension reform in Mexico, the United Kingdom, and the United States given their histories? 2) Is the necessary (for achieving specific minimum levels of sustainability, adequacy, and coverage) pension reform politically feasible? 3) How do the characteristics of each reform affect its political feasibility? Corollary: The modification of which channel (benefits, contributions, retirement age) is perceived as more politically feasible for diverse stakeholders? The methodology chosen provides a timely picture of the context surrounding potential pension reforms in the three case studies. In Mexico, credit-claiming and the interests of private stakeholders explain the success of recent pension reforms, and partisan politics are the key determinants for future fiscal changes. For the United Kingdom, the institutionalist literature helps explain the reasons for the relatively easier reform avenues; the most politically feasible reforms are those in the private sector, while the housing market is of key importance for pensions. In the United States, the institutionalist literature and the framework of blame avoidance also help explain the current legislative gridlock and the reasons why no major reform has been enacted for decades. For Mexico and the United Kingdom there exist politically feasible reforms, notably a modification of the retirement age channel, that can increase the system’s sustainability while maintaining income adequacy and coverage; whereas based on the current context of extreme polarisation and legislative gridlock, there do not seem to exist politically feasible pension reforms that preserve the structure of Social Security in the United States. The dissertation brings the lens of political feasibility to bear on a previously technical literature on the structure of the pension systems in the three countries, and thus on the feasibility of reform to deliver financial sustainability, adequacy of retirement incomes, and adequate coverage of the old age population. It identifies the feasible routes for reform in Mexico and the United Kingdom, but concludes that the political economy context the United States has reached rules out feasible reforms of its current pension structures.

Fossil fuel substitution with biomass is one of the measures to reduce carbon dioxide (CO2) emissions. This paper estimates the cost-effectiveness of raising industrial steam and producing materials (i.e. chemicals, polymers) from biomass. We quantify their long-term global potentials in terms of energy saving, CO2 emission reduction, cost and resource availability. Technically, biomass can replace all fossil fuels used for the production of materials and for generating low and medium temperature steam. Cost-effective opportunities exist for steam production from biomass residues and by substitution of high value petrochemicals which would together require more than 20 exajoules (EJ) of biomass worldwide in addition to baseline by 2030. Potentials could double in 2050 and reach 38-45 EJ (25% of the total industrial energy use), with most demand in Asia, other developing countries and economies in transition. The economic potential of using biomass as chemical feedstock is nearly as high as for steam production, indicating its importance. The exploitation of these potentials depends on energy prices and industry's access to biomass supply. Given the increasing competition for biomass from several economic sectors, more resource efficient materials need to be developed while steam production is already attractive due to its high effectiveness for reducing CO2 emissions per unit of biomass.

ABSTRACT One of the common investment tools is trading in stock exchange. Analysis methods play a major role in the investor's stock trading decisions. In this thesis, technical analysis - which is one of the analysis methods - will be examined and some important indicators and charts will be presented. Actual purpose of the thesis is to calculate as a percentage how many of the events become true out of 100 when each sell or buy is created. The top five banks which are the most popular and have largest market share and all of the energy sector are selected to conduct the analysis. Therefore, a generalization concerning to the success of the indicator will be easy. Calculation of the indicator and plotting of the graphs are computed in Matlab which is mathematical based graphic generator. oz Günümüzün en yaygın yatırım araçlarından biri de hisse alım satımıdır. Yatırımcıların hisse alım-satımında, analiz yöntemleri etkin bir rol oynamaktadır. Bu tezde analiz methodlarından biri olan teknik analiz incelenmekte, bazı önemli gösterge ve grafik analizleri sunulmaktadır. Tezin asıl amacı William's %R göstergesinin her al ve sat denildiğinde 100 olaydan kaçının doğru tuttuğunu yüzde olarak hesaplamaktır. Örnek olarak en popüler ve market payı yüksek olan en büyük beş banka ile enerji hisselerinin tamamını içeren dört şirket seçilmiştir. Böylece göstergenin başarısı ile genelleme yapmak daha kolay olacaktır. Tezde göstergenin hesaplanışı ve grafik çizimi matematik tabanlı grafik çizicisi olan Matlab' da programı yazılmıştır. 60

A country's reputation plays a crucial role in shaping public perceptions, attracting investment and promoting economic development. At the same time, good governance is essential for promoting environmental sustainability and addressing pressing environmental issues such as climate change, pollution and natural resource depletion. This study examines the impact of a country's reputation on environmental sustainability in Developing-8 countries using panel data obtained from the Worldwide Governance Indicators and World Development Indicators for the duration from 1996 to 2020. This panel study adopted the Method of Moment Quantile Regression with fixed effects and mean-based regressions. The results demonstrated that the impact of the country's reputation index on carbon dioxide (CO2) emissions is negative, yet significant. Also, all the country's reputation indicators negatively affect CO2 emissions, but the case of political stability is only significant in the mid-quantiles, while government effectiveness is albeit insignificant across quantiles. Furthermore, economic growth is observed to stimulate CO2 emissions, while renewable energy consumption decreases CO2 emissions. These results have an inherent heterogeneity, culminating in an asymmetric pattern of the distribution of CO2 emissions. The novelty of this study is, firstly, the construction of a country's composite reputation index for Developing-8 countries; and secondly, assessing the impact of this index in mitigating environmental externalities measured by CO2 emissions. Based on these findings, it is recommended, among other things, the need for the D-8 countries to improve their reputation policy to be able to attain the desired environmental sustainability.

To decarbonise Europe in the post-COP26 era, current policies must be adjusted to account for the cross-border consequences of its consumption pattern. Using consumption-based Kaya identity metrics adjusted for emissions and energy embodied in traded goods and services, this study examines the nexus between technological factors defining energy transition progress, specifically energy and carbon intensities of the consumption mix, and carbon dioxide (CO2) emissions, in a sample of 20 European countries from 1995 to 2019. The empirical steps rely on panel-data estimators that are robust to cross-sectional dependence and allow for heterogeneous slope coefficients. The results show that energy and carbon intensities of the consumption mix have a positive rela tionship with CO2 emissions but a negative relationship with renewable energy consumption. The findings also verify an inverted U-shaped relationship between affluence and CO2 emissions through the energy and carbon intensity metrics. Additional tests show a unidirectional causality from carbon intensity of the energy mix to CO2 emissions and from renewable energy to the carbon intensity. Also, bidirectional causality exists between CO2 emissions and per capita GDP and energy intensity, and between renewable energy and energy intensity. By implication, renewable energy provides the technological path to mitigating consumption-induced emissions in Europe.

Ammonia has been responsible for feeding population growth in the 20th century through synthetic fertilizer, and is poised to become the preferred energy storage medium for a society powered by renewable electricity in the 21st century. However, conventional brown ammonia production through the Haber-Bosch process is optimized for utilization of centralized and steady energy supply from fossil-fuels. When shifting to distributed and intermittent energy supply through wind and solar energy, a re-optimization is required for a low-capital and flexible green ammonia production processes. This thesis re-designs and Haber-Bosch process by targeting the integration of reaction and separation in a single process vessel at low pressures, thereby achieving the simplification and down-scaling of the high pressure recycle loop of the Haber-Bosch process. Materials are developed for this purpose, the feasibility of integration is demonstrated, and mathematical modeling is utilized for assessing the application of the single-vessel process to a range of renewable energy sources in comparison to competing ammonia production processes. Herein, a catalyst with low-temperature (< 350°C) and high-conversion (i.e. near equilibrium) activity is developed using ruthenium nanoparticles as the active metal supported on ceria and promoted with cesium to mitigate hydrogen and ammonia inhibition, respectively. This catalyst is compared to commercial iron-based catalyst from the perspective of the final application. Concurrently, a high-temperature (> 300°C) manganese chloride absorbent is developed that resists decomposition and is stable when supported on silica. These catalyst and absorbent are integrated in a layered reactor configuration to demonstrate the feasibility of the integrated process by exceeding single-pass reaction equilibrium. Mathematical modelling of ammonia production processes illustrates that at small-scales (< 1 t day-1) the single-vessel process is optimal compared to the Haber-Bosch process due to its modular design. In addition, it can achieve simpler ramping because the Haber-Bosch process is constrained by heat-integration in the recycle loop and the potential for runaway reaction. For final application, the pairing of ammonia production processes with examples of intermittent solar and wind sources demonstrates that the flexibility of the production process is essential when considering non-ideal sources of energy with a long-term (e.g. seasonal) oscillations. Flexible ammonia production also expands the economic usage of ammonia as an energy storage vector from the seasonal to the weekly time-scale, with advantage compared to batteries or hydrogen. The work of this thesis provides a framework for advancing the electrification of the chemical industry given the novel constrains of intermittent and distributed renewable energy. A systems level approach is applied from the ground up, starting from material design and progressing to optimized process design and application.

AbstractThe development of new and improved processes for the synthesis of bio‐based chemicals is one of the scientific challenges of our time. These new discoveries are not only important from an environmental point of view, but also represent an important economic opportunity, provided that the developed processes are selective and efficient. Bioethanol is currently produced from renewable resources in large amounts and, in addition to its use as biofuel, holds considerable promise as a building block for the chemical industry. Indeed, further improvements in production, both in terms of efficiency and feedstock selection, will guarantee availability at competitive prices. The conversion of bioethanol into commodity chemicals, in particular direct ‘drop‐in’ replacements is, therefore, becoming increasingly attractive, provided that the appropriate (catalytic) technology is in place. The production of green and renewable 1,3‐butadiene is a clear example of this approach. The Lebedev process for the one‐step catalytic conversion of ethanol to butadiene has been known since the 1930s and has been applied on an industrial scale to produce synthetic rubber. Later, the availability of low‐cost oil made it more convenient to obtain butadiene from petrochemical sources. The desire to produce bulk chemicals in a sustainable way and the availability of low‐cost bioethanol in large volumes has, however, resulted in a renaissance of this old butadiene production process. This paper reviews the catalytic aspects associated with the synthesis of butadiene via the Lebedev process, as well as the production of other, mechanistically related bulk chemicals that can be obtained from (bio)ethanol.

This article assesses the current technical and economic potential of three bioenergy production systems (cassava ethanol, jatropha oil and fuelwood) in semi-arid and arid regions of eight sub-Saharan African countries. The results indicate that the availability of land for energy production ranges from 2% (1.3 Mha) of the total semi-arid and arid area in South Africa to 21% (12 Mha) in Botswana. Land availability for bioenergy production is restricted mainly by agricultural land use, but also by steep slopes and biodiversity protection. The current total technical potential for the semi-arid and arid regions of the eight countries is calculated to be approximately 300 PJ y−1 for cassava ethanol production, 600 PJ y−1 for jatropha biodiesel or 4000 PJ y−1 for fuelwood. The analysis of economic potentials shows that in many semi-arid regions, cassava ethanol, jatropha oil and fuelwood can compete economically with the reference energy sources. However, fuelwood, jatropha oil, and cassava ethanol production costs in most arid regions of sub-Saharan Africa are often above average national market prices of gasoline, diesel, and fuelwood. Nevertheless, for example, in arid Kenya 270 PJ could be produced annually with fuelwood at production costs of less than 3 US$ GJ−1. Despite high production costs, it is important to investigate and invest in sustainable bioenergy production in semi-arid and arid regions of sub-Saharan Africa because of its potential to drive rural economic and social development.