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Quantitative Research of Technological Innovation and Energy Market Evolution on Carbon Emissions and Green Economy

A special issue of International Journal of Environmental Research and Public Health (ISSN 1660-4601). This special issue belongs to the section "Environmental Sciences".

Deadline for manuscript submissions: 31 May 2024 | Viewed by 11264

Special Issue Editor


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Guest Editor
School of Economics and Management, Southeast University, Nanjing 211189, China
Interests: environment economics; carbon emissions and economic development; regional economic innovation system; technological innovation
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

In recent years, carbon emission reduction has become one of the most important issues regarding the promotion of sustainable economic development across the world. Achieving "net zero" and carbon neutrality in the near future and promoting sustainable economic growth have become the commitments of more than 120 countries to the international community (UNEP, 2021). Two key influencing factors play important roles in achieving such goals. The first influencing factor is the rapid development of global technological innovation, especially digital technological innovation. This technological innovation provides new development momentum for comprehensively improving efficiency in all sectors of society, including the service industry, and thus plays a positive role in reducing carbon emissions in global economic activities. The second influencing factor is the rapid development of energy-related markets. The evolution of the energy financial market, the establishment of a broader regional carbon trading market, and the reform of the energy sales market (including electricity and oil)have effectively led to the improvement of carbon emission efficiency, gradually shifting the global economy towards green development. Although typical cases can confirm these impacts, the degree, path, effect, or mechanisms of the influencing factors still need to be verified by quantitative research. Therefore, papers addressing these topics are invited for this Special Issue, especially those combining a high academic standard with a practical focus on providing quantitative results for the implication of technological innovation and energy-related market evolution to carbon emission.

You may choose our Joint Special Issue in Sustainability.

Dr. Zhengning Pu
Guest Editor

Manuscript Submission Information

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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. International Journal of Environmental Research and Public Health is an international peer-reviewed open access monthly 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 2500 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

  • technology innovation and carbon
  • digital technology and carbon
  • innovation system and carbon
  • energy finance market evolution and green development
  • clean energy market
  • carbon border adjustment mechanism and carbon market
  • electricity market reform and carbon emission
  • petroleum market and sustainable development
  • carbon emission and ecosystem protection

Published Papers (6 papers)

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Research

16 pages, 3002 KiB  
Article
ESG Investment Scale Allocation of China’s Power Grid Company Using System Dynamics Simulation Modeling
by Birong Huang, Zilong Wang and Yuan Gu
Int. J. Environ. Res. Public Health 2023, 20(4), 3643; https://doi.org/10.3390/ijerph20043643 - 18 Feb 2023
Cited by 2 | Viewed by 1778
Abstract
In recent years, with the global recognition of the concept of sustainable development, the international market attaches great importance to the Environment, Society, and Governance (ESG) investment performance of enterprises. The “carbon peaking and carbon neutrality” goal puts forward requirements for Chinese enterprises [...] Read more.
In recent years, with the global recognition of the concept of sustainable development, the international market attaches great importance to the Environment, Society, and Governance (ESG) investment performance of enterprises. The “carbon peaking and carbon neutrality” goal puts forward requirements for Chinese enterprises to carry out ESG investment. As a large state-owned enterprise in China, power grid companies need to take the lead in ESG investment. Based on the System Dynamics (SD) theory, this paper establishes the simulation model of ESG-responsible investment of power grid companies, including the environmental investment sub-module, social investment sub-module, and governance investment sub-module. Taking a provincial Power Grid Company as an example, the numerical simulation of ESG investment of power grid companies is carried out. The actual input-output efficiency of ESG investment of power grid companies is reflected through the mapping relationship between key indicators and investment amount, and the ESG investment scale and investment weight of the Power Company in the coming years are predicted. Compared with the traditional static analysis method, this model can provide a theoretical basis for power grid companies to carry out ESG investment decisions. Full article
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19 pages, 1160 KiB  
Article
The Spatial Spillover Effect of Clean Energy Development on Economic Development: A Case of Theoretical and Empirical Analyses from China
by Minglin Wang, Si Tan, Yunzhe Wang, Zhengxia He and Shaolong Zeng
Int. J. Environ. Res. Public Health 2023, 20(4), 3144; https://doi.org/10.3390/ijerph20043144 - 10 Feb 2023
Viewed by 1159
Abstract
Does clean energy development (CED) have a spatial spillover effect on economic growth (EG)? Using the panel data of 30 provincial administrative units from 2000 to 2019 in China, this study empirically investigates the spatial spillover effect of CED on EG. From the [...] Read more.
Does clean energy development (CED) have a spatial spillover effect on economic growth (EG)? Using the panel data of 30 provincial administrative units from 2000 to 2019 in China, this study empirically investigates the spatial spillover effect of CED on EG. From the perspective of the supply side rather than the consumption side, using the spatial Durbin model (SDM), the study finds that CED does not have a significant impact on EG, while there is an apparent positive spillover effect of CED on EG in China, meaning that CED in one province can boost EG in the surrounding provinces. Theoretically, this paper provides a new perspective for studying the relationship between CED and EG. In practice, it provides a reference for further improving the government’s future energy policy. Full article
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20 pages, 1197 KiB  
Article
The Efficiency of Energy Infrastructure Investment and Its Regional Economic Impact
by Lixin Kuang, Xiangrong Han and Guanyu Liu
Int. J. Environ. Res. Public Health 2023, 20(3), 2125; https://doi.org/10.3390/ijerph20032125 - 24 Jan 2023
Cited by 3 | Viewed by 1474
Abstract
This study constructed an input–output and environmental indicator combination framework to evaluate the efficiency of energy infrastructure investment. Furthermore, the study used a three-stage DEA model to evaluate the efficiency of energy infrastructure investment projects in Jiangsu Province. Subsequently, the study constructed a [...] Read more.
This study constructed an input–output and environmental indicator combination framework to evaluate the efficiency of energy infrastructure investment. Furthermore, the study used a three-stage DEA model to evaluate the efficiency of energy infrastructure investment projects in Jiangsu Province. Subsequently, the study constructed a system of indicators to measure regional economic development and assigns weights to them using the entropy value method, to obtain a comprehensive regional economic development score. Finally, this study analyzed the impact of energy investment efficiency on regional economic growth, economic stability, and industrial structure optimization. The study results show that the efficiency of energy infrastructure investment varies widely across Jiangsu and is highly correlated with the regional economic development model, the level of economic development, and the importance of the industry. The study also reveals that the improvement of energy infrastructure investment efficiency in Jiangsu fails to reflect the level of regional economic development; however, it has a crucial role in increasing social wealth and transforming the regional industrial structure and economy. Based on these results, this study further proposes countermeasures, such as planning a reasonable scale of investment, implementing differentiated regional investment, and upgrading management and technology. Full article
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18 pages, 3790 KiB  
Article
Spillover Effects among Electricity Prices, Traditional Energy Prices and Carbon Market under Climate Risk
by Donglan Liu, Xin Liu, Kun Guo, Qiang Ji and Yingxian Chang
Int. J. Environ. Res. Public Health 2023, 20(2), 1116; https://doi.org/10.3390/ijerph20021116 - 08 Jan 2023
Cited by 13 | Viewed by 2193
Abstract
With the increase in global geopolitical risks and the frequent occurrence of extreme climate in recent years, the electricity prices in Europe have shown large fluctuations. Electricity price has an important impact on the cost of production and living, while electricity demand will [...] Read more.
With the increase in global geopolitical risks and the frequent occurrence of extreme climate in recent years, the electricity prices in Europe have shown large fluctuations. Electricity price has an important impact on the cost of production and living, while electricity demand will also affect other energy markets. A double-layer system based on the spillover effects from a systematic perspective is constructed in this paper to explore the connectedness between different electricity markets and other related energy markets in Europe, considering the impact of climate risks. The results show that there are certain spillover effects among electricity markets in different countries, with a temporary upward trend in the beginning of the Russia–Ukraine conflict, and the electricity markets in the UK and Germany have a more important role in Europe. There are two-way spillover effects between the electricity market and fossil fuel markets, carbon market and carbon emission. Since 2022, the electricity market is affected by gas prices, while it has a certain impact on carbon emissions. The heating degree day (HDD) has significant spillover effects on the electricity market and other energy markets, while the spillover effects of the cooling degree day (CDD) are relatively small. Full article
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23 pages, 3602 KiB  
Article
To a Green Economy across the European Union
by Romeo Victor Ionescu, Valentin Marian Antohi, Monica Laura Zlati, Lucian Puiu Georgescu and Catalina Iticescu
Int. J. Environ. Res. Public Health 2022, 19(19), 12427; https://doi.org/10.3390/ijerph191912427 - 29 Sep 2022
Cited by 3 | Viewed by 1743
Abstract
”Is the green economy a real solution to the present economic development?” represents the main question of the present research. The paper deals with assessing the impact of innovation on the green economy and quality of life through policies promoted at the European [...] Read more.
”Is the green economy a real solution to the present economic development?” represents the main question of the present research. The paper deals with assessing the impact of innovation on the green economy and quality of life through policies promoted at the European Union (EU) level. The objectives of the paper are to assess the impact level of the policy implementation across the Member States through the research and development (R&D) process and to identify models for the development of the green economy in Europe. The applied methods are empirical and analytical based on the study of literature, econometric modeling, pivoting econometric models, trend synthesis, prioritization, and staging of policy experimentation in the Member States through data processing and statistical programs. The results consist in obtaining development models for the green economy at the EU and national levels. In conclusion, the paper contributes to the early identification of vulnerabilities that may affect the development of European strategic projects in relation to events and security breaches occurring at the EU level at any given time. Full article
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22 pages, 2637 KiB  
Article
Emission Trading System, Carbon Market Efficiency, and Corporate Innovations
by Rui Zhu, Liyu Long and Yinghua Gong
Int. J. Environ. Res. Public Health 2022, 19(15), 9683; https://doi.org/10.3390/ijerph19159683 - 05 Aug 2022
Cited by 9 | Viewed by 2005
Abstract
Taking China’s emission trading system (ETS) pilot in 2013 as a quasi-natural experiment, this paper uses the difference-in-differences (DID) models to study whether the regional pilot ETS can promote technological innovation in enterprises. In addition, this paper examines the influence mechanism of the [...] Read more.
Taking China’s emission trading system (ETS) pilot in 2013 as a quasi-natural experiment, this paper uses the difference-in-differences (DID) models to study whether the regional pilot ETS can promote technological innovation in enterprises. In addition, this paper examines the influence mechanism of the ETS innovation effect, with a focus on three key dimensions of the carbon market efficiency: market price effectiveness, market product diversity, and market order normativity. The results show that the pilot ETS has significantly promoted the technological innovation of regulated enterprises, specifically, 1.405*** for the total R&D investment, and 2.783*** for the number of patent applications. Moreover, the regional carbon price has a positive moderating effect on the innovation effect of ETS. Meanwhile, the innovation effect is more significant when the gap between the carbon price and the marginal abatement cost (MAC) of CO2 is smaller, when the carbon financial derivatives are more abundant, or when the local market supervision is stronger. This study provides empirical evidence for the improvement of the national unified market and provides useful policy implications for developing countries to design ETS suitable for their national conditions. Full article
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