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Renewable and Sustainable Energy in Post COVID-19 Economic Recovery

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (10 July 2023) | Viewed by 4212

Special Issue Editors


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Guest Editor
School of Economics and Management, Nanjing University of Science and Technology, Nanjing 210094, China
Interests: energy policy; energy economics; multi criteria decision making

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Guest Editor
Department of Economics, Government Postgraduate College Kot Sultan, Layyah, Punjab 31650, Pakistan
Interests: energy and environment; conflict resolution; decision making

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Guest Editor
Department of Mechanical Engineering, Quaid-e-Awam University of Engineering, Science and Technology, Nawabshah 67450, Pakistan
Interests: energy planning; energy modeling; energy policy

Special Issue Information

Dear Colleagues,

The COVID-19 pandemic has set off unprecedented health, humanitarian, economic, and social crises that have far-reaching impacts on societies all over the world. As governments protect the health of their people and address the issues of economic recovery, it becomes necessary to not lose progress accomplished with renewable and sustainable energy and sight of the endeavors required to achieve global climate and sustainability objectives. Renewable energy alternatives offer clean, affordable, easy to mobilize, reliable, and cost-effective energy solutions for vital services, including healthcare, food, and water supply. Therefore, they become integral in the immediate response to the COVID-19 crisis. Additionally, renewable energy solutions can play a crucial role in economic recovery, creating jobs, ensuring energy security and sustainability, and increasing resilience to safeguard people’s health and welfare. Furthermore, renewable energy solutions are in line with climate targets and no other industry can match renewable energy’s impact while simultaneously decreasing global emissions. This Special Issue welcomes theoretical and empirical studies that highlight the importance of renewable energy in post COVID-19 economic recovery. As such, topics including, but not limited to, renewable energy solutions, energy in crises, energy security, energy justice, energy for economic recovery, energy decision making, and environmental sustainability are welcomed.

Dr. Syed Ahsan Ali Shah
Dr. Sharafat Ali
Dr. Gordhan Das Valasai
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. Sustainability 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 2400 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

  • renewable energy
  • sustainable development
  • resilient cities
  • energy policy
  • energy security
  • environmental sustainability
  • energy decision making
  • multi criteria decision making
  • energy and climate
  • energy equity
  • economic recovery

Published Papers (2 papers)

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Research

15 pages, 1692 KiB  
Article
How Do Global Uncertainties Spillovers Affect Leading Renewable Energy Indices? Evidence from the Network Connectedness Approach
by Mohd Ziaur Rehman, Shabeer Khan, Uzair Abdullah Khan, Wadi B. Alonazi and Abul Ala Noman
Sustainability 2023, 15(18), 13630; https://doi.org/10.3390/su151813630 - 12 Sep 2023
Cited by 1 | Viewed by 922
Abstract
By using data from 2018 to 2022 and employing quantile VAR time-frequency and quantile VAR spillover models, this study investigates the spillover connectedness between global uncertainties, namely, geopolitical risk, economic policy uncertainty, and climate policy uncertainty, and seven leading global renewable energy indices. [...] Read more.
By using data from 2018 to 2022 and employing quantile VAR time-frequency and quantile VAR spillover models, this study investigates the spillover connectedness between global uncertainties, namely, geopolitical risk, economic policy uncertainty, and climate policy uncertainty, and seven leading global renewable energy indices. The results show strong total connectedness (82.87%) between renewable energy and uncertainty indices. DJRE, R&CE, MSCIEE, WRE_cpu, GEPU_C, and GEPU_P are found to be net receivers, and WRE to be net transmitters of spillovers. Additionally, the MSCIEE sector is the least connected, i.e., 2.51%, followed by the R&CE sector at 4.55%, while the ERE sector is the most connected one, i.e., 65.8%. We discover that the two market-based uncertainties have less impact than economic policy uncertainty (EPU), which has a significant impact. The conclusions have ramifications for decision-makers and investors in the renewable energy markets from the standpoint of sustainable development. The study reveals diversification avenues and recommends that investors consider MSCIEE and R&CE sectors for parking their funds because of lower risk, i.e., less connectivity and greater diversification. Full article
(This article belongs to the Special Issue Renewable and Sustainable Energy in Post COVID-19 Economic Recovery)
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12 pages, 2425 KiB  
Article
Effects of Interdependence and Contagion on Crude Oil and Precious Metals According to ρDCCA: A COVID-19 Case Study
by Thiago Pires Santana, Nicole Horta, Catarina Revez, Rui Manuel Teixeira Santos Dias and Gilney Figueira Zebende
Sustainability 2023, 15(5), 3945; https://doi.org/10.3390/su15053945 - 21 Feb 2023
Cited by 3 | Viewed by 1521
Abstract
The energy sector has been the main economic hub in everyone’s lives and in world geopolitics. Consequently, oil, gas, electricity and energy from renewable sources (wind and solar) are traded on the stock market, and all interconnected around the world. On the other [...] Read more.
The energy sector has been the main economic hub in everyone’s lives and in world geopolitics. Consequently, oil, gas, electricity and energy from renewable sources (wind and solar) are traded on the stock market, and all interconnected around the world. On the other hand, a global health crisis, such as COVID-19, can produce a great economic catastrophe. In this scenario, a robust statistical analysis will be performed here with respect to the concept of interdependence and contagion effect. For this project, we chose to study the relationship between the main source of energy (crude oil, WTI and Brent) and two (Gold and Silver) precious metals (which are a safe haven for investment). Therefore, with the novelty of the application of ρDCCA and ΔρDCCA coefficients before and during the COVID-19 crisis (announced by the World Health Organization), the interdependence and the contagion effect were calculated. We verified that COVID-19 had no influence on contagion effect between crude oil in its indexes, WTI and Brent, since they have already shown to be highly interdependent, both before and after the World Health Organization COVID-19 decree. Likewise, COVID-19 had a significant influence on the crude oil and precious metal sectors, which was evident as we identified an increase in its interdependence, with a clearly positive contagion. These results show that COVID-19 imposed a restructuring in the relationship between energy (crude oil) and precious metals. More details will be presented throughout this article. Full article
(This article belongs to the Special Issue Renewable and Sustainable Energy in Post COVID-19 Economic Recovery)
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