Implications of variations in renewable cost projections for electric sector decarbonization in the United States

Bistline, John; Bedilion, Robin; Goteti, Naga Srujana; Kern, Neil

doi:10.1016/j.isci.2022.104392

Cited by 9 publications

(2 citation statements)

References 23 publications

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“…For instance, they expressed enthusiasm for practices such as transitioning from fluorescent to LED lighting or incorporating solar panels to generate electricity. These findings suggest that efforts to improve the public's understanding of energy use and savings could have significant benefits (Bistline et al, 2022;Gupta et al, 2021). "However, despite acknowledging the benefits of costsaving measures, the participants remained uncertain about the extent to which decarbonization could offer a competitive advantage in their respective industries" (Expert 3, 5, 7).…”

Section: Cost Savingmentioning

confidence: 99%

Decarbonisation: A Case Study of Malaysia

Gunawan,

Lee,

Putri

et al. 2023

Foresight and STI Governance

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The study aims to assess the decarbonization efforts of corporations in Malaysia in relation to the country’s national net-zero emission targets. A qualitative approach was adopted, employing two focus group discussions (FGDs) with a total of 18 participants. The FGD questions were developed based on the participants’ expertise and experiences. Thematic analysis was utilized to analyze the collected data. This study sheds light on key decarbonization practices in Malaysian companies, which place greater emphasis on environmental regulatory compliance and cost-saving measures. However, investment in decarbonization remains a small part of overall capital investment and receives little attention from corporate leadership. The importance of addressing the concerns raised by this study is key to realizing Malaysia’s Determined National Commitment (NDC) to achieve net zero emissions by 2050. This study contributes to the existing literature by providing insights into the decarbonization efforts of corporations in Malaysia, specifically in the context of the country’s national net-zero emission targets. The research utilizes a qualitative approach and applies thematic analysis to explore the perceptions and motivations driving decarbonization initiatives. The study also highlights the role of government pressures and the need to address critical business concerns for successful decarbonization.

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Section: Cost Savingmentioning

confidence: 99%

Decarbonisation: A Case Study of Malaysia

Gunawan,

Lee,

Putri

et al. 2023

Foresight and STI Governance

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“…They occur in a wide range of capacities, from only a few hundred watts to several megawatts, from just one or two modules to enormous solar PV power plants covering huge areas, which means that electricity companies need to deal with a great diversity of connection requirements based on the places of connection to the network, and voltage levels, although the elements that constitute all the grid-connected PV systems in the world are the same [23]. In recent years, the cost of PV technology has dropped dramatically [24], [25], reaching grid parity in numerous countries where it now costs the same to produce electricity with PV modules as it does to buy it from the grid [26].…”

Section: Introductionmentioning

confidence: 99%

Exploring the Grid Electricity Saving Potentials of Using Hybrid PV Systems in European Countries: A Comparative Study

Zsiborács,

Vincze,

Pintér

et al. 2023

IEEE Access

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All over the world nations make efforts, albeit to differing degrees, to mitigate climate change by substantially changing the composition of their energy mixes by relying more on renewable sources of energy instead of fossil fuels. As part of this process, many of them provide households with various financial incentives to deploy technologies based on the use of renewable sources of energy, especially photovoltaic (PV) systems. As a consequence of these measures and the high solar irradiation rates of many European nations, PV energy has enjoyed a great boom in Europe in the last couple of decades, also prompted by the need to reduce households' electricity costs, ever-rising due to increasing prices and the growing consumption of electric power. For international investors building residential solar systems, it is important to be aware of the different risks and energy use factors associated with investing in various countries, as well as their regulatory environments, which need to be considered. The aim of the present study was to determine the proportions of the potential savings in household electricity consumption from the grid in different European countries by directly using PV energy in the case of PV systems with PV capacities between 0.5 kW and 5 kW equipped with lithium-ion energy storage devices with nominal energy capacities between 0 kWh and 20 kWh. Furthermore, the potentials of direct PV energy use in relation to the annual energy production of the hybrid PV systems with the indicated technical parameters were also determined. The novelty and innovative significance of the research is that no previous research has ever carried out a comparative study to determine the annual grid electricity savings that can be achieved by the direct use of PV energy with a hybrid PV system equipped with battery energy storage, in the context of European households.

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Net‐zero policy and forward default risk in the energy sector: Evidence of corporate environmentalism using (a)symmetric models

Mushafiq,

Prusak,

Apergis

2024

Bus Strat Env

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This study aims to examine the impact of the net‐zero policy on forward default risk at the firm level within the energy sector of the US, spanning over the period 2007–2021. The research employs Panel Vector Autoregression (PVAR) modeling, as well as linear and non‐linear Autoregressive Distributed Lag (ARDL) models to investigate this relationship. The findings suggest that the implementation of net‐zero policy measures can have complex effects on firms' default risk in both the short and long run. The PVAR results confirm a unidirectional negative impact of net‐zero policies on forward default risk over 2, 3, and 5 years. The symmetric ARDL model results show a negative long‐run impact on the future probability of default, with short‐run impacts being positive across all time horizons. The asymmetric ARDL model findings indicate that positive net‐zero measures reduce the probability of default in the long run and increase it in the short run across all time horizons. Conversely, negative shocks of net‐zero measures lead to an increase in the forward probability of default in the long run. The differences in findings between the long and short run are attributed to the effects of capital expenditures on infrastructure expenses required to achieve net‐zero results. This study contributes to the literature on financial outcomes and the impact of adopting sustainable development and net‐zero goals. The policy implications suggest that a supportive institutional framework must be provided to reduce the financial default in energy sector firms, which will assist in capital and infrastructure expenditures in the short run.

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Implications of variations in renewable cost projections for electric sector decarbonization in the United States

Cited by 9 publications

References 23 publications

Decarbonisation: A Case Study of Malaysia

Decarbonisation: A Case Study of Malaysia

Exploring the Grid Electricity Saving Potentials of Using Hybrid PV Systems in European Countries: A Comparative Study

Net‐zero policy and forward default risk in the energy sector: Evidence of corporate environmentalism using (a)symmetric models

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