energies-logo

Journal Browser

Journal Browser

Available Energy and Environmental Economics

A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "C: Energy Economics and Policy".

Deadline for manuscript submissions: closed (1 November 2022) | Viewed by 24718

Printed Edition Available!
A printed edition of this Special Issue is available here.

Special Issue Editors


E-Mail Website
Guest Editor
School of Economics and Business Administration, Central China Normal University, Wuhan 430079, China
Interests: energy economics; energy policy; environmental economics
Associate Professor, College of Tourism, Hunan Normal University, Changsha 410081, China
Interests: energy and environmental economics; energy efficiency; sustainable development; resources economic risk; environmental risk
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

The rapid development of the social economy is accompanied by the continuous growth of energy demand, such as in the heavy industry, agriculture sector, and tourism sector. Meanwhile, the large-scale energy consumption in the short term has increased the risk to the energy supply and ecological safety. This has contributed to the exploration and exploitation of energy supply risk management, carbon emission reduction, and renewable energy technological innovation, aiming to solve the bottlenecks in energy and environmental economics.

This Special Issue aims to present and disseminate the most recent advances related to the theory, design, modelling, and application of all types of energy and environmental economics.

Topics of interest for publication include, but are not limited to:

  • All aspects of energy and environmental economics;
  • Energy and environmental application in industries such as agriculture and tourism sector;
  • Energy supply chain management;
  • Energy economic risks;
  • Sustainable development;
  • Big-data analytics in energy economics;
  • Energy finance and investment;
  • Environmental governance;
  • Financing de-carbonization in cities or regions;
  • Pathways to carbon neutral;
  • Renewable energy technological innovation;
  • Energy efficiency and rebound effects.

Dr. Junpeng Zhu
Dr. Xinlong Xu
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Energies is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • energy economics
  • energy efficiency
  • energy risk
  • environment sustainable development
  • tourism carbon emission

Related Special Issue

Published Papers (15 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

19 pages, 1202 KiB  
Article
Energy Literacy of Residents and Sustainable Tourism Interaction in Ethnic Tourism: A Study of the Longji Terraces in Guilin, China
by Shaofeng Wu, Yanning Li, Changgan Fang and Peng Ju
Energies 2023, 16(1), 259; https://doi.org/10.3390/en16010259 - 26 Dec 2022
Cited by 3 | Viewed by 1445
Abstract
Energy and environment form a nexus in which residents are the owners of tourism energy resources. Only a few studies have focused on the energy literacy of residents in ethnic tourism destinations and its impact on sustainable tourism. Using a qualitative research approach [...] Read more.
Energy and environment form a nexus in which residents are the owners of tourism energy resources. Only a few studies have focused on the energy literacy of residents in ethnic tourism destinations and its impact on sustainable tourism. Using a qualitative research approach through field works and in-depth interviews in the Ping’an Village, Longji Terraces Scenic Area, this study explored the relationships between the energy literacy of residents and sustainable tourism in ethnic areas. The result showed that the energy literacy of the ethnic residents of Pingan village in terms of knowledge, attitude, and behavior has increased in line with the development of tourism, and both external and internal factors contribute to the improvement. Besides, the promotion of energy literacy among the residents not only has a positive impact on the tourists’ behavior but also brings about effective improvements in the local energy use structure and infrastructure, thus contributing to the sustainable development of tourism. This research extends the understanding of energy literacy from the perspective of ethnic residents and changes in energy literacy in remote ethnic villages under tourism development. The results also deepen our understanding of such changes in the behavior of tourists and tourism destination sustainability and enrich the empirical research to promote energy conservation and sustainable tourism development in ethnic areas. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
Show Figures

Figure 1

18 pages, 2085 KiB  
Article
Risk Assessment of a Coupled Natural Gas and Electricity Market Considering Dual Interactions: A System Dynamics Model
by Lin Wang and Yuping Xing
Energies 2023, 16(1), 223; https://doi.org/10.3390/en16010223 - 25 Dec 2022
Cited by 4 | Viewed by 1346
Abstract
Because reliance on gas for electricity generation rises over time, the natural gas and electricity markets are highly connected. However, both of them are susceptible to various risk factors that endanger energy security. The intricate interactions among multiple risks and between the two [...] Read more.
Because reliance on gas for electricity generation rises over time, the natural gas and electricity markets are highly connected. However, both of them are susceptible to various risk factors that endanger energy security. The intricate interactions among multiple risks and between the two markets render risk assessment more challenging than for individual markets. Taking a systematic perspective, this study first undertook a thorough analysis of the evolution mechanism that indicated the key risk factors and dual interactions, with real-world illustrative examples. Subsequently, a system dynamics model was constructed for understanding the causal feedback structures embedded in the operation of a coupled natural gas–electricity market in the face of risks. Quantitative experiments were conducted by using data from China’s Energy Statistical Yearbook, China’s Statistical Yearbook and other reliable sources to assess the effects of individual risks, depict the evolutionary behavior of coupled markets and compare the risk response strategies. The findings revealed the evolution of dominant risk factors and the aggregated effects of multiple risks in multiple markets, suggesting the need to comprehensively monitor dynamic risks. Moreover, risk factors can propagate from one market to another via interactions, yet it depends on multiple aspects such as the severity of the risk and the intensity of the interactions. Demand compression and emergency natural gas supply behave differently throughout the market’s recovery, necessitating a balance between short-term and long-term risk response strategies. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
Show Figures

Figure 1

17 pages, 279 KiB  
Article
Industrial Policy and Technological Innovation of New Energy Vehicle Industry in China
by Hongchen Li, Huijun Qi, Hongjian Cao and Li Yuan
Energies 2022, 15(24), 9264; https://doi.org/10.3390/en15249264 - 7 Dec 2022
Cited by 7 | Viewed by 2643
Abstract
Promoting the development of new energy vehicles is one of the important measures to ensure energy security and deal with global warming. Technological innovation is an inexhaustible driving force for the development of the new energy vehicle industry. This study considered listed enterprises [...] Read more.
Promoting the development of new energy vehicles is one of the important measures to ensure energy security and deal with global warming. Technological innovation is an inexhaustible driving force for the development of the new energy vehicle industry. This study considered listed enterprises in China’s new energy vehicle industry as research samples and used the fixed effect model to study the impact of government subsidies on the quantity and quality of technological innovation in the new energy vehicle industry. The empirical results show that government subsidies have a significant positive impact on the quantity of technological innovation in the new energy vehicle industry; however, government subsidies have no significant impact on the quality of technological innovation. Government subsidies increase the quantity of technological innovation in the new energy vehicle industry by increasing R&D investment, mitigating financing constraints, and improving the external attention of enterprises. Compared to downstream enterprises in the industrial chain, government subsidies have a better incentive effect on the technological innovation of upstream enterprises, which increases the number of patents and enhances the quality of utility model patents. Government subsidies have a better effect on promoting the quantity of technological innovation in large enterprises. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
18 pages, 3803 KiB  
Article
The Boundary of Porter Hypothesis: The Energy and Economic Impact of China’s Carbon Neutrality Target in 2060
by Shenhai Huang, Chao Du, Xian Jin, Daini Zhang, Shiyan Wen, Yu’an Wang, Zhenyu Cheng and Zhijie Jia
Energies 2022, 15(23), 9162; https://doi.org/10.3390/en15239162 - 2 Dec 2022
Cited by 3 | Viewed by 1727
Abstract
The process of carbon neutrality does have economic costs; however, few studies have measured the cost and the economic neutral opportunities. This paper uses a dynamic computable general equilibrium (CGE) model to simulate China’s carbon neutrality path from 2020 to 2060 and analyzes [...] Read more.
The process of carbon neutrality does have economic costs; however, few studies have measured the cost and the economic neutral opportunities. This paper uses a dynamic computable general equilibrium (CGE) model to simulate China’s carbon neutrality path from 2020 to 2060 and analyzes its economic impact. This paper innovatively adjusts the CGE modeling technology and simulates the boundary of the Porter hypothesis on the premise of economic neutrality. The results show that the carbon neutrality target may reduce the annual GDP growth rate by about 0.8% in 2020–2060. To make the carbon pricing method under the carbon neutrality framework meet the strong version of the Porter hypothesis (or economic neutrality), China must increase its annual total factor productivity by 0.56–0.57% in 2020–2060; this is hard to achieve. In addition, the study finds that China’s 2030 carbon target has little impact on the economy, but the achievement of the 2060 carbon neutrality target will have a significant effect. Therefore, the paper believes that the key to carbon neutrality lies in the coexistence of technological innovation and carbon pricing to ensure that we can cope with global warming with the lowest cost and resistance. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
Show Figures

Figure 1

19 pages, 695 KiB  
Article
Innovation Input, Climate Change, and Energy-Environment-Growth Nexus: Evidence from OECD and Non-OECD Countries
by Zhuohang Li, Tao Shen, Yifen Yin and Hsing Hung Chen
Energies 2022, 15(23), 8927; https://doi.org/10.3390/en15238927 - 25 Nov 2022
Cited by 7 | Viewed by 1178
Abstract
With economic growth and rising incomes, increasing consumption of fossil energy is leading to environmental pollution and climate change, which requires increased innovative inputs to promote the efficiency of renewable energy use. Considering the important impact of innovation input and climate change on [...] Read more.
With economic growth and rising incomes, increasing consumption of fossil energy is leading to environmental pollution and climate change, which requires increased innovative inputs to promote the efficiency of renewable energy use. Considering the important impact of innovation input and climate change on renewable energy consumption, greenhouse gas emissions, and green economic growth, this study uses simultaneous equation and sys-GMM model to explore the dynamic nexus of innovation input, climate change, and energy-environment-growth in OECD and non-OECD countries, with panel data covering 2000 to 2019. The empirical results show that renewable energy consumption in non-OECD countries significantly promoted green economic growth, while OECD countries did the opposite. Moreover, renewable energy consumption significantly reduces greenhouse gas emissions caused by climate change, especially for OECD countries. When the level of economic growth exceeds a certain inflection point, greenhouse gas emissions begin to turn from positive to negative, which further verifies the EKC hypothesis. In addition, this study found that innovation input has significantly increased renewable energy consumption, reduced greenhouse gas emissions, and promoted green economic growth in OECD countries. Finally, this study also found that the impact of innovation input in OECD and non-OECD countries on the energy-environment-growth nexus is greater in the short term and more significant in the medium and long term, while the impact of climate change on the energy-environment nexus in OECD and non-OECD countries is more significant in the medium and long term. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
Show Figures

Figure 1

20 pages, 367 KiB  
Article
Revisiting the Environmental Kuznets Curve Hypothesis in South Asian Countries: The Role of Energy Consumption and Trade Openness
by Bartosz Jóźwik, Phouphet Kyophilavong, Aruna Kumar Dash and Antonina Viktoria Gavryshkiv
Energies 2022, 15(22), 8709; https://doi.org/10.3390/en15228709 - 19 Nov 2022
Cited by 2 | Viewed by 1466
Abstract
South Asian countries have seen remarkable economic growth and development in the past few decades. This has been driven by financial sector reforms, industrialization, and expansion of foreign trade. The present study is designed to identify the long- and short-run relationships among environmental [...] Read more.
South Asian countries have seen remarkable economic growth and development in the past few decades. This has been driven by financial sector reforms, industrialization, and expansion of foreign trade. The present study is designed to identify the long- and short-run relationships among environmental degradation, economic growth, energy consumption, and trade openness in the South Asian region. Our research contributes to the literature by employing a new approach (the NARDL method). We examine annual data for four South Asian countries between 1971 and 2014. We found that there was a long-run equilibrium relationship between environmental degradation, economic growth, energy consumption, and trade openness. The results confirmed the inverted U-shaped EKC hypothesis only for India and Pakistan. However, the long-term coefficients related to energy consumption were statistically significant only in Pakistan. The most interesting finding was that only in Sri Lanka did the long-run coefficients associated with trade openness shocks significantly impact carbon dioxide emissions. These impacts were based on the scale effect. Our study has some policy implications. Foremost, the governments of South Asian countries should promote and subsidize green energy use by increasing R&D spending on renewable energy. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
15 pages, 1303 KiB  
Article
The Green Innovation Effect of Environmental Regulation: A Quasi–Natural Experiment from China
by Jiaxin Li, Shaoguo Zhan, Teng Huang and Debo Nie
Energies 2022, 15(20), 7746; https://doi.org/10.3390/en15207746 - 19 Oct 2022
Viewed by 1193
Abstract
The “Two Control Zones” (TCZ) policy is the first air pollution regulation policy in China. We aim to examine the impact of the TCZ policy on green technological progress applying a difference–in–differences (DID) approach, using a city–level panel data set from 1990 to [...] Read more.
The “Two Control Zones” (TCZ) policy is the first air pollution regulation policy in China. We aim to examine the impact of the TCZ policy on green technological progress applying a difference–in–differences (DID) approach, using a city–level panel data set from 1990 to 2016. We show that the TCZ policy effectively increases the number of green patents of the cities in the two control zones. In particular, the TCZ policy has a significantly positive effect on the quantity and structure of human capital, including the number of inventors of patents and green patents, and the percentage of population with a higher education level. Moreover, the effects are heterogeneous, that is, the TCZ policy has a greater impact on the number of green patents in the control zones, where there are better R&D bases and more foreign investments. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
Show Figures

Figure 1

23 pages, 1861 KiB  
Article
Tourism Development, Carbon Emission Intensity and Urban Green Economic Efficiency from the Perspective of Spatial Effects
by Xiaorong He, Jizhi Shi, Haichao Xu, Chaoyue Cai and Qiangsheng Hu
Energies 2022, 15(20), 7729; https://doi.org/10.3390/en15207729 - 19 Oct 2022
Cited by 13 | Viewed by 1755
Abstract
In recent years, China has increasingly emphasized green development. Therefore, it is of theoretical and practical significance to study the green economic effect and carbon reduction effect of tourism development for the transformation of economic development. Using the superefficient EBM to measure the [...] Read more.
In recent years, China has increasingly emphasized green development. Therefore, it is of theoretical and practical significance to study the green economic effect and carbon reduction effect of tourism development for the transformation of economic development. Using the superefficient EBM to measure the green economic efficiency of 280 cities from 2007–2019, we rely on the spatial Durbin model to explore the spatial spillover utility and nonlinear characteristic relationship of tourism development on green economic efficiency and carbon emission intensity and test the mediating effect of carbon emission intensity. The findings are as follows: (1) Under the exogenous shock test of the “low-carbon city” pilot policy, the spatial spillover effect of tourism development on urban green economic efficiency and carbon emission intensity is robust to spatial heterogeneity. (2) The spatial spillover effects of tourism development on the green economic efficiency and carbon emission intensity of cities show a nonlinear characteristic relationship of “U” and “M” shapes. After tourism development reaches a certain high level, the green economy effect and carbon emission reduction effect are significantly increased. (3) Carbon emission intensity has a significant mediating effect on the impact of tourism development on urban green economic efficiency. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
Show Figures

Figure 1

23 pages, 1599 KiB  
Article
The Interaction Mechanism of Tourism Carbon Emission Efficiency and Tourism Economy High-Quality Development in the Yellow River Basin
by Shuxiao Li, Zhanhong Cheng, Yun Tong and Biao He
Energies 2022, 15(19), 6975; https://doi.org/10.3390/en15196975 - 23 Sep 2022
Cited by 9 | Viewed by 1624
Abstract
Exploring the relationship between the tourism carbon environment and high-quality economic development in the Yellow River Basin is a national strategy to meet the realistic requirements of the goal of “Carbon Peak and Carbon Neutral”. It is also conducive to the realization of [...] Read more.
Exploring the relationship between the tourism carbon environment and high-quality economic development in the Yellow River Basin is a national strategy to meet the realistic requirements of the goal of “Carbon Peak and Carbon Neutral”. It is also conducive to the realization of “Ecological Protection and High-quality Development Strategy in the Yellow River Basin”. Therefore, based on the calculation of tourism’s carbon emission efficiency and the evaluation of the tourism economy’s high-quality development, the interaction mechanism between them was observed. The results showed that, firstly, the tourism carbon emission efficiency of the Yellow River Basin increased slightly from 2010 to 2019, with an average of 0.9782, which was at a medium efficiency level. Secondly, the tourism economy’s high-quality development level is rising, and the speed of development is fast, especially in western provinces. Thirdly, there is a parasitic relationship between the two, but in each province, there is a positive or negative asymmetric symbiotic relationship. The tourism economy’s high-quality development has a greater impact on the efficiency of tourism’s carbon emissions. Fourthly, energy and capital input, as well as coordination and innovation factors, are important driving factors of the symbiosis between the two, among which the role of labor input was gradually revealed, and the impact factor experienced the changing process of “sharing-coordination-innovation”. This study provides a theoretical framework and evaluation methods for evaluating and analyzing the relationship between tourism’s carbon emission efficiency and the tourism economy’s high-quality development, and it provides data support and policy suggestions for the real development. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
Show Figures

Graphical abstract

14 pages, 807 KiB  
Article
Do Urbanization and Energy Consumption Change the Role in Environmental Degradation in the European Union Countries?
by Bartosz Jóźwik, Antonina-Victoria Gavryshkiv and Kinga Galewska
Energies 2022, 15(17), 6412; https://doi.org/10.3390/en15176412 - 2 Sep 2022
Cited by 4 | Viewed by 1308
Abstract
Nowadays, increased urbanization is visible in most European Union countries. At the same time, it can be noticed that in the studied period (2000–2018), GDP per capita increased, and CO2 emissions per capita and energy consumption per capita decreased. These trends should [...] Read more.
Nowadays, increased urbanization is visible in most European Union countries. At the same time, it can be noticed that in the studied period (2000–2018), GDP per capita increased, and CO2 emissions per capita and energy consumption per capita decreased. These trends should be assessed in an unequivocally positive way. Considering these trends, especially with regard to economic development, our research goal is to answer the following questions: is there a long-run relationship between urbanization, energy consumption, economic growth, and carbon dioxide emissions, and what roles do urbanization and energy consumption play in the concept of the environmental Kuznets curve? This study aims to contribute to this growing area of research by exploring the European Union countries in the period covering the accession of new member states from Central Europe that needs intensifying European environmental policy. In order to test cointegration, we used Pedroni and Westerlund’s panel tests. To estimate the long-run coefficients, we employed the FMOLS, MG, CCEMG, and AMG tests. Our findings confirmed the long-run relationship between variables. We find that urbanization has a high negative impact on carbon dioxide emissions per capita. Interestingly, our studies’ results differ from those in most of the previously published articles about European countries. For this reason, our results provide a new insight for policymakers in European Union institutions. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
Show Figures

Figure 1

14 pages, 881 KiB  
Article
The Carbon Emission Reduction Effect of City Cluster—Evidence from the Yangtze River Economic Belt in China
by Xin Li, Chunlei Huang, Shaoguo Zhan and Yunxi Wu
Energies 2022, 15(17), 6210; https://doi.org/10.3390/en15176210 - 26 Aug 2022
Cited by 4 | Viewed by 1272
Abstract
Climate anomalies are affecting the world. How to reduce carbon emissions has become an important issue for governments and academics. Although previous researchers have discussed the factors of carbon emission reduction from environmental regulation, economic development, and industrial structure, limited studies have explored [...] Read more.
Climate anomalies are affecting the world. How to reduce carbon emissions has become an important issue for governments and academics. Although previous researchers have discussed the factors of carbon emission reduction from environmental regulation, economic development, and industrial structure, limited studies have explored the carbon emission reduction effect of a city’s spatial structure. Based on 108 Chinese cities from the Yangtze River Economic Belt between 2003 and 2017, this paper examines the impact of the city cluster policy on city carbon emissions using the difference-in-differences (DID) method. We find that: (1) The city cluster policy has significantly reduced the cities’ carbon emissions by 7.4%. Furthermore, after a series of robust and endogenous tests, such as parallel trend and PSM-DID, the core conclusion still remains. (2) We further identify possible economic channels through this effect, and find that city cluster policy would increase city productivity, city technological innovation, and industrial structure optimization. The conclusions of this paper have important practical significance for China to achieve carbon neutrality and facilitate future deep decarbonization. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
Show Figures

Figure 1

15 pages, 2349 KiB  
Article
Measuring Pollution Control and Environmental Sustainable Development in China Based on Parallel DEA Method
by Ying Feng, Chih-Yu Yang, Ching-Cheng Lu and Pao-Yu Tang
Energies 2022, 15(15), 5697; https://doi.org/10.3390/en15155697 - 5 Aug 2022
Cited by 2 | Viewed by 1519
Abstract
The purpose of this study is to explore the impact of pollution control on industrial production efficiency in 31 provinces and cities in the Yellow River and Non-Yellow River basins in China from 2013 to 2017, using the methods of the directional distance [...] Read more.
The purpose of this study is to explore the impact of pollution control on industrial production efficiency in 31 provinces and cities in the Yellow River and Non-Yellow River basins in China from 2013 to 2017, using the methods of the directional distance function (hereinafter referred to as DDF) and the technology gap ratio (hereinafter referred to as TGR) in parallel, while taking the industrial production sector (labor force, total capital formation, energy consumption and industrial water consumption) and the pollution control sector (wastewater treatment funds and waste gas treatment funds) as input variables. Undesirable outputs (total wastewater discharge, lead, SO2 and smoke and dust in wastewater) and an ideal output variable (industrial output value) are taken as output variables. It is found that the total efficiency of DDF in the Non-Yellow River Basin is 0.9793, which is slightly better than 0.9688 in the Yellow River Basin. Among the 17 provinces and cities with a total efficiency of 1, only Shandong and Sichuan are located in the Yellow River Basin. The TGR values of 31 provinces, cities and administrative regions are less than 1, and the average TGR value of the Yellow River Basin is 0.3825, which is lower than the average TGR value of the Non-Yellow River Basin of 0.5234. We can start by improving the allocation of manpower and capital, implementing the use of pollution prevention and control funds, improving the technical level of industrial production, improving pollutant emission, and increasing output value to improve overall efficiency performance. This study uses the parallel method, taking the industrial production department and the pollution control department as inputs, to objectively evaluate the changes in industrial production efficiency and technology gap in the Yellow River and Non-Yellow River basins, which is conducive to mastering the situation of pollution control and industrial production efficiency, and provides the reference for SDG-6- and SDG-9-related policy making. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
Show Figures

Figure 1

18 pages, 1130 KiB  
Article
A Hybrid Algorithm-Level Ensemble Model for Imbalanced Credit Default Prediction in the Energy Industry
by Kui Wang, Jie Wan, Gang Li and Hao Sun
Energies 2022, 15(14), 5206; https://doi.org/10.3390/en15145206 - 18 Jul 2022
Cited by 3 | Viewed by 1383
Abstract
Credit default prediction for the energy industry is essential to promoting the healthy development of the energy industry in China. While previous studies have constructed various credit default prediction models with brilliant performance, the class-imbalance problem in the credit default dataset cannot be [...] Read more.
Credit default prediction for the energy industry is essential to promoting the healthy development of the energy industry in China. While previous studies have constructed various credit default prediction models with brilliant performance, the class-imbalance problem in the credit default dataset cannot be ignored, where the numbers of credit default cases are usually much smaller than the number of non-default ones. To address the class-imbalance problem, we proposed a novel CT-XGBoost model, which adds to XGBoost with two algorithm-level methods for class imbalance, including the cost-sensitive strategy and threshold method. Based on the credit default dataset consisting of energy corporates in western China, which suffers from the class-imbalance problem, the CT-XGBoost model achieves better performance than the conventional models. The results indicate that the proposed model can efficiently alleviate the inherent class-imbalance problem in the credit default dataset. Moreover, we analyze how the prediction performance is influenced by different parameter settings in the cost-sensitive strategy and threshold method. This study can help market investors and regulators precisely assess the credit risk in the energy industry and provides theoretical guidance to solving the class-imbalance problem in credit default prediction. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
Show Figures

Figure 1

14 pages, 471 KiB  
Article
The Impacts of Resource Endowment, and Environmental Regulations on Sustainability—Empirical Evidence Based on Data from Renewable Energy Enterprises
by Hongyi Zhang, Hsing Hung Chen, Kunseng Lao and Zhengyu Ren
Energies 2022, 15(13), 4678; https://doi.org/10.3390/en15134678 - 26 Jun 2022
Cited by 6 | Viewed by 1938
Abstract
In today’s socio-economic context where environmental protection and sustainable development are equally important, how renewable energy enterprises can achieve sustainable development has become a topic of academic interest in recent years. This paper investigates the link between sustainable growth (SG) of [...] Read more.
In today’s socio-economic context where environmental protection and sustainable development are equally important, how renewable energy enterprises can achieve sustainable development has become a topic of academic interest in recent years. This paper investigates the link between sustainable growth (SG) of renewable energy firms, resource endowment (RE), and environmental regulatory (ERs) issues through a fixed-effects model and a GMM model. Through empirical analysis, it was found that economical environmental regulations have the greatest positive impact on sustainable growth, followed by legal environmental regulations and supervised environmental regulations. Resource endowment is positively related to sustainable growth for non-state-owned renewable energy enterprises, but the negative impact on sustainable growth reflects the effect the of “resource curse”. In addition, resource endowment has a negative moderating effect on environmental regulations and sustainable growth. Thus, the most significant effect is on the relationship between economical environmental regulations and sustainable growth, followed by legal environmental regulations and supervised environmental regulations. Therefore, the flexible and concurrent application of multiple environmental policies is an important way to ensure effective regulations and promote sustainable business growth. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
Show Figures

Figure 1

17 pages, 2569 KiB  
Article
Can the Relationship between Atmospheric Environmental Quality and Urban Industrial Structure Adjustment Achieve Green and Sustainable Development in China? A Case of Taiyuan City
by Xi Zhang, Jiayu Zheng and Ligang Wang
Energies 2022, 15(9), 3402; https://doi.org/10.3390/en15093402 - 6 May 2022
Cited by 12 | Viewed by 1341
Abstract
Atmospheric environmental quality affects the high quality and sustainable development of the economy. The optimisation and upgrading of the industrial system are important to improve the operation efficiency of the economy and society. Firstly, this paper constructs the theoretical analysis framework of coupling [...] Read more.
Atmospheric environmental quality affects the high quality and sustainable development of the economy. The optimisation and upgrading of the industrial system are important to improve the operation efficiency of the economy and society. Firstly, this paper constructs the theoretical analysis framework of coupling and coordination between the atmospheric environment system and the industrial system and analyses the internal mechanism of the interaction and coordinated development of the two systems. Then, it puts forward the combination of the coupling coordination model and the VAR model (Vector autoregressive model) and presents the analysis and evaluation method of the relationship between them from the two perspectives of “static” and “dynamic”. Finally, the empirical study is conducted in Taiyuan, a resource-based city in China. The results show that: (1) The two systems in Taiyuan have an obvious interaction and develop in the direction of benign coupling. (2) The impact of the two systems on each other is mainly in the medium and long term and dominated by the role of the atmospheric environment system on the industrial system. This study provides a theoretical framework and evaluation methods for evaluating and analysing the relationship between the urban atmospheric environment system and the industrial system in China, and then provides suggestions for policymaking. Full article
(This article belongs to the Special Issue Available Energy and Environmental Economics)
Show Figures

Figure 1

Back to TopTop