Power markets in transition: Decarbonization, energy efficiency, and short-term demand response

Mier, Mathias; Weissbart, Christoph

doi:10.1016/j.eneco.2019.104644

Cited by 54 publications

(31 citation statements)

References 59 publications

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“…The Sustainable Development Goals (SDGs) were developed, on January 1, 2016, to enable sustainable development in various areas, such as social, environmental, and financial. The efficiency of various financial sectors can be increased with a simultaneous decrease in environmental pollution by tackling climate change (Si et al 2020;Mier and Weissbart 2020). China's impressive financial development shows how the new sectors and effective financial development affect GHG emissions (Anser et al 2018;Anser 2019, andAnser et al 2020g).…”

Section: Introductionmentioning

confidence: 99%

Does the combining effects of energy and consideration of financial development lead to environmental burden: social perspective of energy finance?

Chien

Chau

Ady

et al. 2021

Environ Sci Pollut Res

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In light of the rapidly growing industrialization in BRICS and G7 regions, thorough energy, financials, and environmental analyses are essential for sustainable financial development in these countries. In this context, this work analyzes the relationship between energy, financial, and environmental sustainability and the regions’ social performance. Data from 2000 to 2017 is analyzed through a data envelopment analysis (DEA) like a composite index. Results show China and Brazil’s better performance in the region, with a sustainability score of 0.96, India was the third, followed by South Africa and Russia. Japan, the UK, and the USA were the most energy-efficient countries for five consecutive years. A 0.18%, 0.27%, 0.22%, 0.09%, 0.31%, and 0.32% reduction in carbon emission is observed with a 1% increase in R&D costs by Canada, France, Germany, Italy, Japan, and the USA, respectively. This work contributes to the existing literature regarding an eco-friendly sustainable policy design for the G7 countries based on multiple indicators.

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Section: Introductionmentioning

confidence: 99%

Does the combining effects of energy and consideration of financial development lead to environmental burden: social perspective of energy finance?

Chien

Chau

Ady

et al. 2021

Environ Sci Pollut Res

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“…For any business to grow, there has to be a demand in the market for the commodity that any enterprise plans to sell (Mier and Weissbart 2020). The demand would be followed by market solutions, business expansion, and financial models that would respond adequately to handle the rise in demand.…”

Section: Causes Of Energy Disconnectsmentioning

confidence: 99%

“…Family budgets try to keep the electricity bill to a minimum, and similarly their requirement. India, compared to other international markets, does not face the problem of “energy wastage” in high proportions (Mier and Weissbart 2020). People are not used to energy wastage here; rather, they promote energy conservation in themselves as it is treated as a luxury product and something that is in short supply for average middle‐class and lower middle‐class households.…”

Section: Remote Communitiesmentioning

confidence: 99%

“…This has created distrust of solar products among people. The people who buy these inexpensive products usually have limited usage or no other better option, so the Chinese market for these commodities keeps on running and the market for expensive quality‐assured products has a reduced share (Mier and Weissbart 2020). This reduction is the result of the lack of trust people have in these solar cells and other products, coupled with a lack of knowledge regarding operating and maintaining these products over time.…”

Section: Remote Communitiesmentioning

confidence: 99%

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Review of Sustainable Grid‐Independent Renewable Energy Access in Remote Communities of India

Bose

Saini

Yadav

et al. 2021

Integr Envir Assess & Manag

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In the last decade India has seen an increase in the adoption of solar energy‐based technologies by consumers, which has been supported by various government efforts and policies. The rural areas and low‐income households that lack a proper electricity supply have emerged as a market for solar off‐grid technologies, with private developers increasing their market base slowly in this group. This has promulgated the need to restructure the decentralized energy sector. Existing literature points out the suitability of solar off‐grid in such markets; the present study investigates the challenges that have hindered its growth. The study reviews the concept of poverty with respect to the energy sector and analyzes methods of determining poor energy access in the present scenario. It emphasizes the need to understand and reconceptualize policy instruments in order to make solar off‐grid a powerful tool in tackling energy demand and providing adequate energy access. It further explores the causes of energy disconnects and how grid‐independent solar energy is a technological solution of utmost relevance and in consonance with the idea of sustainable development. For a successful venture, both consumer behavior and marketer objectives are important determinants. The work also provides insights into various models, tools, factors, and social constructs that affect consumer perception and subsequently demand. Over the course of the study, it has been revealed how private players and entrepreneurs are tapping the wrong solar market, leading to misappropriation of solar energy technologies. The suggested improvements and recommendations of the present study from the analysis can serve as a guide for policy makers, technological innovators, and financial stakeholders. Integr Environ Assess Manag 2021;17:364–375. © 2020 SETAC

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“…The EU-REGEN model is a dynamic partial equilibrium model of the European power market (see [34] for the underlying dynamics and [35] as well as [36]…”

Section: Eu-regen Modelmentioning

confidence: 99%

MSR Under Exogenous Shock: The Case of COVID-19 Pandemic

Azarova

Mier

2020

SSRN Journal

Self Cite

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The EU implemented the Market Stability Reserve (MSR) in response to the 2008 financial crisis to deal with short-term impacts of future shocks, such as the Covid-19 pandemic. We link a model that intertemporally optimizes the handling of banked allowances every five years with one that simulates the annual working of the EU ETS including the MSR with its potential cancelling. Neglecting the pandemic, 2.16 billion allowances are cancelled. Accounting for the pandemic, 0.28 billion additional allowances are cancelled if the European economy fully recovers by 2021, which even overcompensates the 2020 drop in CO 2 emissions. Additional cancelling increases when the pandemic lasts longer, meaning that the MSR even outperforms its initial purpose.

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Power markets in transition: Decarbonization, energy efficiency, and short-term demand response

Cited by 54 publications

References 59 publications

Does the combining effects of energy and consideration of financial development lead to environmental burden: social perspective of energy finance?

Does the combining effects of energy and consideration of financial development lead to environmental burden: social perspective of energy finance?

Review of Sustainable Grid‐Independent Renewable Energy Access in Remote Communities of India

MSR Under Exogenous Shock: The Case of COVID-19 Pandemic

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