• Energy Research
• 8. Economic growth close

We researched China's climate and sustainable development goal with relevant and susceptible instruments capable of inducing and mitigating carbon emissions. Amidst the contributor to the global carbon emissions, China is caught in between mitigating its carbon emission and aiming towards placing its national contribution of emissions to the acceptable levels of 1.5 °C and below 2 °C. Following the intricacies surrounding China's sustainable development as it contains its economic and environmental performance, we adopt China's data of 1980 and 2018 with different scientific approaches (nonlinear autoregressive distributed lag (NARDL), dynamic ordinary least square test, and bootstrap Granger causality) with different instruments (such as economic growth, financial development, renewable energy, and innovation policies) to research China's sustainable development. For clear exposition and insight into our findings with policies attached, we draw a conclusion from the outcomes of the mentioned approaches. From NARDL and dynamic ordinary least squares (DOLS), we find that economic growth through economic activities is statistically significant in determining the trend (increase) of carbon emissions in China in both periods (short run and long run). However, other selected instruments (financial, renewable, and innovation policies) tend towards controlling and moderating the carbon emissions in China. Thus, China has good prospects to mitigate its carbon emissions if considered tailoring its policies towards favorable instruments. From bootstrap Granger causality, we find similar inferential results that support previous findings thereby confirming the positive implication of the selected instruments to China's sustainable development. Hence, the nexus that is established among the selected instruments clearly show the importance of technological innovation and renewable energy in mitigating carbon emissions.

Abstract To further improve the cycle efficiency with the heat transfer curves between higher than 350 °C heat resource and the evaporating working medium of the Kalina cycle and to reduce the exhaust temperature of heat resource, the dual-pressure vaporization Kalina cycle for cascade utilization of high-to-mid grade heat resource is proposed. The optimization was conducted for parameters in this modified Kalina cycle such as concentrations of work solution and basic solution, evaporation dew point temperature. Under the conditions of inlet temperatures of heat resource and cooling water of respectively 400 °C and 25 °C and the constraints of proper heat transfer pinch point temperature differences, the maximum evaporation pressure not exceeds 20 MPa, the vapour quality at the turbine outlet is greater than 0.85 and the exhaust temperature of heat resource is not lower than 90 °C, the optimum parameters are obtained that the work and basic concentrations are 0.45 and 0.272 respectively, the dew point temperature of evaporation is 300 °C, and the corresponding power recovery efficiency of the dual-pressure vaporization Kalina cycle reaches 27%, which is 17% higher than that of the Kalina cycle with optimum parameters.

SummaryInequality has recently become a major concern in economics. Leaving aside its social and economic effects is also possible to trace its environmental consequences, which this article attempts to assess. The indicator to be measured is the household's carbon footprint (CF) for different social groups. The deep economic crisis in the Spanish economy between 2008 and 2013 has increased consumption inequality and doubled the number of households below the poverty line. When focusing on domestic consumption, we found that the shopping basket of all income groups has very similar emissions intensities; therefore, the differences among the household CFs depend mainly on the scale effect (i.e., the size of consumption). However, when international trade is also considered, we found that the emission intensity of imports is bigger than the intensity of all the respective domestic goods. Therefore, the share of imported goods and services by social class will be an important determinant of the respective total CF. Before the crisis, households with higher incomes imported 30% of their total consumption items whereas households with lower income imported only 20% of their consumption. During the crisis, the imports of medium‐high‐income households fell to 20%, whereas low‐ and middle‐income families maintained the same import share, which contributed to the reduction of the total household CF.

The 2022 announcement of the European Union- New Zealand Free Trade Agreement was seminal for both sides. For New Zealand, the deal is projected to be worth up to an extra NZ$1.8 billion per annum by 2035. What is less evident is the motivation for securing the deal for Europe – New Zealand is only the EU’s 50th most important trading partner and accounts for 0.2% of its total trade. This article outlines three major benefits for the EU. Firstly, it symbolises that the EU’s neoliberal trading agenda is continuing in the face of perceived increased protectionism. Second, the deal includes a seminal clause of holding each partner to account in climate change responsibilities – a detail that should garner support from EU citizens. Finally, closer EU cooperation with New Zealand may add to the EU’s legitimacy in the Indo-Pacific.

We employ a set of sign restrictions on the generalized impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2.2011Q2, to discriminate between supply-driven and demand-driven oil-price shocks and to study the time profile of their macroeconomic effects for different countries. The results indicate that the economic consequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic activity, and vary for oil-importing countries compared to energy exporters. While oil importers typically face a long-lived fall in economic activity in response to a supply-driven surge in oil prices, the impact is positive for energy-exporting countries that possess large proven oil/gas reserves. However, in response to an oil-demand disturbance, almost all countries in our sample experience long-run inflationary pressures and a short-run increase in real output.

This research examines the economic implications of different designs for a national low carbon fuel standard (NLCFS) for the road transportation sector. A NLCFS based on the average Carbon Intensity (CI) of all fuels sold generates an incentive for fuel suppliers to reduce the measured CI of their fuels. The economic impacts are determined by the availability of low carbon fuels, estimates of which can vary widely. Also important are the compliance path, reference level CI, and the design of the credit system, particularly the opportunities for trading and banking. To quantitatively examine the implications of a NLCFS, we created the Transportation Regulation and Credit Trading (TRACT) Model. With TRACT, we model a NLCFS credit trading system among profit maximizing fuel suppliers for light- and heavy-duty vehicle fuel use for the United States from 2012 to 2030. We find that credit trading across gasoline and diesel fuel markets can lower the average costs of carbon reductions by an insignificant amount to 98% depending on forecasts of biofuel supplies and carbon intensities. Adding banking of credits on top of trading can further lower the average cost of carbon reductions by 5%–9% and greatly reduce year-to-year fluctuations in credit prices.

Le Pakistan traverse une crise énergétique terrifiante et dévastatrice. Récemment, la prévision de la consommation d'énergie s'est intensifiée par rapport à sa capacité de production, ce qui est problématique pour la stabilité sociale et économique du Pakistan. Par conséquent, il est essentiel d'examiner le lien entre la consommation d'électricité, les prix de l'électricité, la transition urbaine, les autres utilisations d'électricité et l'expansion économique de 1970 à 2018 au Pakistan. Pour l'analyse, la technique économétrique de deuxième génération de Lee et Strazicich (2013), le nouveau Augmented Autoregressive Distributed Lag (AARDL) et Frequency Domain Causality (FDC) est utile pour détecter l'association à moyen et à court terme entre les variables. Les résultats montrent que la consommation d'électricité stimule l'expansion économique à court et à long terme, bien que la hausse des prix de l'électricité diminue l'activité économique à court et à long terme. En outre, la transition urbaine et d'autres utilisations de l'électricité ont un impact positif et négatif substantiel sur l'expansion économique à court et à long terme. Le résultat suggère qu'un approvisionnement énergétique efficace, des prix de l'énergie à faible coût, une bonne gestion de la transition urbaine et d'autres utilisations de l'énergie pourraient être utiles aux décideurs pour atteindre les ODD 7 et 11 au Pakistan. Pakistán se encuentra en una crisis energética aterradora y devastadora. Recientemente, la predicción del consumo de energía se ha intensificado en comparación con su capacidad de producción, lo que es problemático para la estabilidad social y económica de Pakistán. Por lo tanto, es vital examinar el vínculo entre el consumo de energía, los precios de la energía, la transición urbana, otros usos de la electricidad y la expansión económica de 1970 a 2018 en Pakistán. Para el análisis, la técnica econométrica de segunda generación de Lee y Strazicich (2013), el novedoso Retraso Distribuido Autoregresivo Aumentado (AARDL) y la Causalidad en el Dominio de la Frecuencia (FDC) son útiles para detectar la asociación a largo y corto plazo entre las variables. Los resultados muestran que el consumo de energía estimula la expansión económica a corto y largo plazo, aunque el aumento de los precios de la energía disminuye la actividad económica a corto y largo plazo. Además, la transición urbana y otros usos de la electricidad tienen un impacto positivo y negativo sustancial en la expansión económica a corto y largo plazo. El resultado sugiere que el suministro eficiente de energía, los precios de la energía de bajo coste, la gestión adecuada de la transición urbana y otros usos de la energía podrían ser útiles para que los responsables políticos alcancen los ODS 7 y 11 en Pakistán. Pakistan is in a terrifying and devastating energy crisis. Recently, the prediction for energy consumption has intensified compared to its production capacity, which is problematic for Pakistan's social and economic stability. Hence, it is vital to examine the link between power consumption, power prices, urban transition, other electricity use, and economic expansion from 1970 to 2018 in Pakistan. For analysis, the second-generation econometric technique of Lee and Strazicich (2013), novel Augmented Autoregressive Distributed Lag (AARDL), and Frequency Domain Causality (FDC) is useful to detect the long-medium and short-run association among the variables. The results show that power consumption stimulates economic expansion in the short and long-run, though the rise in power prices declines economic activity in the short and long-run. Also, urban transition and other electricity use are a substantial positive and negative impact on economic expansion in the short and long-run. The outcome suggests that efficient energy supply, low-cost power prices, proper urban transition management, and other energy use could be useful for policymakers to achieve SDGs 7 and 11 in Pakistan. باكستان في أزمة طاقة مرعبة ومدمرة. في الآونة الأخيرة، تكثف التنبؤ باستهلاك الطاقة مقارنة بقدرته الإنتاجية، مما يمثل مشكلة للاستقرار الاجتماعي والاقتصادي لباكستان. وبالتالي، من الضروري دراسة الصلة بين استهلاك الطاقة وأسعار الطاقة والتحول الحضري واستخدام الكهرباء الأخرى والتوسع الاقتصادي من 1970 إلى 2018 في باكستان. للتحليل، فإن تقنية الاقتصاد القياسي من الجيل الثاني من Lee and Strazicich (2013)، والتأخر الموزع الانحداري الذاتي المعزز (AARDL)، وسببية مجال التردد (FDC) مفيدة للكشف عن الارتباط طويل المدى وقصير المدى بين المتغيرات. تظهر النتائج أن استهلاك الطاقة يحفز التوسع الاقتصادي على المدى القصير والطويل، على الرغم من أن ارتفاع أسعار الطاقة يؤدي إلى انخفاض النشاط الاقتصادي على المدى القصير والطويل. كما أن التحول الحضري والاستخدامات الأخرى للكهرباء لها تأثير إيجابي وسلبي كبير على التوسع الاقتصادي على المدى القصير والطويل. تشير النتيجة إلى أن إمدادات الطاقة الفعالة، وأسعار الطاقة منخفضة التكلفة، وإدارة الانتقال الحضري المناسبة، وغيرها من استخدامات الطاقة يمكن أن تكون مفيدة لصانعي السياسات لتحقيق هدفي التنمية المستدامة 7 و 11 في باكستان.

Since the turn of the century, there has been a growth in the use of e-business by both large and small companies worldwide, a trend that has been given further impetus by the move to online trading in the COVID-19 pandemic era. For small companies, there are the potential benefits of increased efficiencies and market share gain, associated with the re-engineering of selling and marketing processes; but in developing countries, such as Nigeria, research into how small businesses are using e-business systems and technologies is limited. This article builds upon earlier case study research in the Nigerian small business sector to develop a framework for e-business strategy development, implementation and review. Using an inductive approach, data was collected from six small businesses, using interviews and questionnaires, to profile the e-business operations of these companies. This study found that e-business strategy was generally lacking in these companies, but interview material was used to support the development and validation of the strategy framework, which provides a process and a checklist for small businesses pursuing e-business initiatives in developing world environments.