• Energy Research
• Closed Access close
• Open Source close
• 8. Economic growth close
• 4. Education close
• GB close
• AU close

The upsurge in higher education is considered a key determinant for enhancing green growth. Moreover, ICT development is also the main catalyst of green growth. This research explores the role of higher education and ICT on green growth for China from 1995 to 2020. The study employs auto-regressive distributive lag (ARDL) approach for short-run and long-run estimates of green growth. The effect of higher education and ICT on green growth is significantly positive in the long run and short run. The outcomes of the empirical models reveal that financial inclusion is positively associated with green growth in both long run and short run. Moreover, renewable energy consumption is found to have a positive impact on green growth. The findings thus point to the need for policies that promote human capital and ICT infrastructure as a way of accelerating green growth.

Abstract With the present policy stance of the UK government, the rate of extraction of North Sea oil becames one of the more important instruments for managing the economy in the 1980s. In this paper the effects of different depletion policies are examined, ranging from rapid early extraction to a low profile long-term conservation policy. The author explains how the depletion policy should be seen in the context of the UK economy and present government policies. He describes four possible depletion policies for the 1980s, together with the assumptions which are made in analysing their effects. The macroeconomic results of putting each policy in the Cambridge multisectoral dynamic model are presented and show the severe short-term costs of unrestrained production. Finally relations between depletion policy and de-industrialization are examined.

Abstract Using country level panel data from East Asia over the period 1998–2011, this paper examines the implications of international production fragmentation-induced intermediate goods trade on the link between energy consumption and carbon pollution. The paper focuses on the interaction effect between energy consumption and trade in intermediate goods on carbon emission. The empirical results presented suggest that international trade in intermediate goods decreases the positive impact on carbon emission of energy consumption. When compared with the trade in final goods, intermediate goods trade contributes to a greater decrease in carbon pollution resulting from energy consumption. These results confirm that the link between energy consumption and carbon pollution in East Asia is significantly affected by international production fragmentation-induced trade in intermediate goods. The results presented in this paper have some important policy implications.

A new relationship with our goods and materials would save resources and energy and create local jobs, explains Walter R. Stahel.

Abstract This paper reports a study into the use of US patents to analyse responses to regulatory change in the automobile industry. Confirming that patents are a rich indicator of technological development, it focuses on the development of the electric vehicle (EV) and, in particular, the identification of networks of firms developing EVs. A key finding of the study is the way that car firms have formed links with competitors and with firms and inventors outside the automobile industry, in order to develop this technology. This contradicts the normal product development methods in the automobile industry, and is attributed to the substantially different technologies required for EVs. In addition, the limitations of defining patent searches in terms of products––rather than technologies––are discussed.

Purpose The demand for energy infrastructure projects has increased steadily over the last few decades and has come at a high cost. Disruptive technologies (DTs) have the inherent capability to affect the performance of energy infrastructure projects. Therefore, this research aims to explore the implications of DTs on the performance of energy infrastructure projects. Design/methodology/approach This research adopts a positivist philosophical position. A quantitative strategy and deductive approach (based on a survey design) guided this study. Sixty-six respondents participated in the study. The study’s population comprised of experts in energy infrastructure projects who possessed a high level of industrial experience including top- and middle-level management of power generation companies. Cochran’s formula was used to select a sufficient sample for the study. Linear regression, one sample test and Cronbach’s alpha were the analytical tools adopted. Findings This study established that there is an 18.4% increase in the performance of energy infrastructure projects in Ghana when DTs are applied. In order of importance, DTs improve speed of operations in energy projects; reduce operating cost and enhance efficiency of energy projects; drive sustainable economic development; enhance security in energy projects; and improve environmental sustainability of projects. The study also revealed that e-commerce technologies, renewable energy technologies, three-dimensional printing, bar code technology, photogrammetry, global positioning systems, geographic information systems and nanotechnologies were the topmost ranked DTs with the most impact on the performance of energy infrastructure projects. Originality/value This is a novel investigation on the implications of DTs on the performance of Ghanaian energy infrastructure projects. This study’s practical implication is evident in both policy and practice. Energy sector policymakers should endeavour to adopt DTs in their operations to enhance sustainability and performance.

Abstract Palm oil soap stock (POSS) was recycled from bio-waste to bio-fuel. Firstly, POSS was converted through acidification to be acidified POSS (APOSS) coupled with solvent extraction. APOSS with a high content of free fatty acids (FFAs) (90.94%) was obtained. Subsequently, the FFAs in APOSS were converted to biodiesel via esterification, catalyzed by immobilized alginate-polyvinyl alcohol (ALG-PVA) lipase. The key factors affecting the reaction, such as the temperature (30–50 °C), methanol to FFA molar ratio (2:1 to 4:1), and agitation rate (150–250 rpm) were optimized by statistical response surface methodology (RSM). The highest biodiesel yield was achieved with a reaction temperature of 40 °C, methanol/FFA molar ratio of 3:1, and 200 rpm agitation rate, as the optimal conditions. Furthermore, the biocatalyst can be reused up to 16 cycles. Interestingly, the alternative biodiesel production process reported herein promotes zero waste from the palm oil refinery process.

Abstract Volatility is a key determinant of derivative prices and optimal hedge ratios. This paper examines whether there are structural breaks in commodity spot return volatility using an iterative cumulative sum of squares procedure and then uses GARCH (1,1) to model volatility during each regime. The main empirical finding is the very limited evidence of commodity volatility breaks during the recent financial crisis. This suggests commodity return volatility was not exceptionally high during the recent financial crisis compared to the 1985–2010 sample period as a whole. For many commodities there are multiple idiosyncratic breaks in volatility; this suggests commodity specific supply or demand factors are important determinants of volatility. The empirical results overall are consistent with the view that commodities are too diverse to be considered as an asset class. Finally, we find commodity volatility persistence remains very high for many commodity returns even after structural breaks are accounted for.

This study examines the Environmental Kuznets Curve (EKC) hypothesis in the context of 12 members of the OPEC by utilizing data on both the aggregate gross value added and the services' sectoral value-added between 1992 and 2015. This empirical work contributes to the literature by applying the panel spatial techniques which resulted in the findings as follows. Firstly, the results verify the authenticity of the EKC hypothesis for the aggregate level of gross value added as perceived from its inverted-U shaped association with CO2 emissions. Secondly, the disaggregated analysis affirms the heterogeneity of the validity of the EKC hypothesis across the subsectors within the services sector; this justifies the importance of analyzing the EKC hypothesis from a comprehensive (disaggregated) perspective for unearthing key sector-specific policy implications. The results reveal that the EKC hypothesis holds only in the context of construction services only but not for the cases of restaurant services, tourism and transportation services. These key findings call for effective measures to be undertaken to address the adverse environmental impacts that can be attributed to thse three sub-sectors for which the EKC did not hold. In line with the overall findings from the empirical exercises, it is recommended that the concerned OPEC members reduce their monotonic dependency on the consumption of fossil fuels, oil in particular, and gradually incorporate renewable energy resources into the energy-mix particularly within their respective services sector.