Sustainable Energy Transitions: Overcoming Negative Externalities

Pysmenna, Uliana; Trypolska, Galyna

doi:10.21122/1029-7448-2020-63-4-312-327

Cited by 5 publications

(5 citation statements)

References 28 publications

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“…An externality is considered negative if the resulting impact can harm other parties who do not receive compensation for the activity (Barnet et al, 2021). Several alternatives can be done to overcome the impact of negative externalities, which include imposing taxes per unit of production, providing subsidies, granting pollution rights through auctions, and implementing regulations (Pysmenna & Trypolska, 2020).…”

Section: Negative Externalitymentioning

confidence: 99%

Tax On Industrial B3 Waste As An Environmental Control Instrument In Bekasi District

Saragi,

Firmansyah

2024

Educoretax

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Industry in an area can cause environmental quality degradation due to hazardous and toxic (B3) waste generated and polluting the environment. To maintain environmental sustainability in the future, it is necessary to establish a policy to control B3 waste disposal activities. Tax, as one of the regular end instruments, is a tool that the government can use to control waste disposal and is a source of earmarking state revenue. This study analyzes the scheme, benefits, and challenges of taxing industrial hazardous waste disposal. Thus, this policy can be a control tool and source of revenue to overcome negative environmental impacts due to company activities. This research applies a qualitative method with literature study data collection techniques. The literature study analyzed documents related to the research topic, such as letters, photo archives, meeting minutes, journals, diaries, etc. The research concludes that taxation of B3 waste disposal can be applied by official assessment by the Bekasi Regency Regional Government by establishing a special location where the tax subject disposes of its waste and determining the amount of tax payable. The rate used is advalorem, which refers to the capacity of the waste disposed by the company. Administrative aspects, legal certainty, and supervision are critical in implementing this policy. The policy can be implemented if the government has provided adequate infrastructure, resources, monitoring, and law enforcement mechanisms. This research is expected to prepare public policies related to economic and environmental management by the Indonesian government at the regional government level.

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Section: Negative Externalitymentioning

confidence: 99%

Tax On Industrial B3 Waste As An Environmental Control Instrument In Bekasi District

Saragi,

Firmansyah

2024

Educoretax

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“…Environmental cost refers to the cost incurred by society because of environmental damage caused by economic activities. It is a measure of the negative externalities that are not reflected in the market price of goods or services and includes the costs of pollution, resource depletion, and other environmental impacts [34]. Environmental costs are those incurred by companies, directly or through third parties, to prevent, reduce or repair damage to the environment arising from their operating activities.…”

Section: Environmental Costmentioning

confidence: 99%

Accounting for Externalities and Financial Performance of Listed Industrial Goods Companies in Nigeria

Adesemowo,

Adegbie,

Fijabi

et al. 2024

IJAFRM

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Good financial performance of companies gives confidence to shareholders and investors on returns on their investment and guaranteed going concern. However, literature has shown that poor financial performance has made some companies to lose their competitive edge, and inability to achieve growth objective. Accounting for and reporting firms’ externalities impact is becoming increasingly important globally, investors have raised the bar on what they consider material to the performance of their investments, expectation of long-term profitability and sustainability of the company. This study examined the effect of accounting for externalities on financial performance proxied by Return on Asset (ROA)) of listed industrial goods in Nigeria. The study adopted Ex-post facto research design. The population for the study comprised of fifteen (15) Industrial Goods companies listed on Nigeria Stock Exchange as at 31st December, 2021. The Panel data were sourced from audited annual reports for the period of ten (10) years spanning from 2012-2021. Data were analyzed using descriptive and inferential statistics. The findings of the study revealed that accounting for externalities had significant effect on ROA (AdjR<sup>2</sup> =0.6010, F (3,96) = 3.99<sup>**</sup>; p = 0.0100). The study concluded that accounting for externalities has significant effect on financial performance of listed industrial goods companies in Nigeria. It was recommended that standard-setting bodies in Nigeria like the Financial Reporting Council of Nigeria should develop mandatory guidelines and standards for accounting and reporting of externalities to foster a more sustainable and responsible business environment.

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“…Adverse external effects that can influence the economic feasibility and sustainability of RESs were investigated by Unruh G. [16], Owen A. [17], Pysmenna U., Trypolska G. [18], and Bardy R. and Rubens A. [19].…”

Section: Literature Reviewmentioning

confidence: 99%

“…The development of decentralized generation and the significant growth in prosumers' share in the energy mix can have both positive and negative external effects (externalities). As studied in [18], sustainable transitions are slowed down, suspended, and even postponed because of the need to avoid negative externalities that threaten the stability of the system. In contrast, positive externalities can accelerate energy transitions and foster sustainable economies [19,64].…”

Section: Externalities' Point Of Viewmentioning

confidence: 99%

“…In [18], it is highlighted that negative externalities might be minimized by an adequately tailored policy. In the case of small-scale RESs and prosumers, it should be externality market arrangement, supplementary market arrangement, market redesign, and broader economic assessment and reassessment (e.g., RES system value assessment, which embraces environmental, social, and economic efficacy, includes power system flexibility impact; reduction in water use; employment impact, as discussed in previous studies [10,65,66]; and net billing model application concerning the externalities of FIT misuse).…”

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confidence: 99%

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Support for Household Prosumers in the Early Stages of Power Market Decentralization in Ukraine

Zhou,

Pysmenna,

Kubatko

et al. 2023

Energies

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This paper aims to reconsider prosumers’ role in the power markets in the early stages of their decentralization, accounting for rising self-supply trends, security threats, and economic and regulatory barriers. The development of prosumerism envisages finding the ratio between retail market sales under the feed-in tariff and the net billing mechanism. Within the methodology section, the indicator of prosumer efficiency for electricity generation (EUR/kWh) is proposed based on average consumption/production ratios and consumption/delivery incentives. To support household prosumers, the mentioned incentives on the renewable energy market consider the self-supply cost of electricity, the levelized cost of electricity for small-scale green energy facilities (solar photovoltaic and wind), and transaction costs. This paper evaluates prosumer efficiency under three consumption/production ratio scenarios for Ukrainian households (self-consumption of 40%, 20%, and 100% of green electricity annually generated by a household and selling the leftovers via the feed-in tariff) for 2023. The gradual movement from fixed tariffs for households toward market-based prices promotes the emergence of new related market players and their consolidation in the market. Participation in the organized power market segments is relevant for day-ahead market prices above 130 EUR/MWh, disregarding the households’ tariff rate. The low price caps inhibit the prosumer’s participation in the market, while the transition from the feed-in tariff to net billing significantly promotes their development only under high price caps.

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Sustainable Energy Transitions: Overcoming Negative Externalities

Cited by 5 publications

References 28 publications

Tax On Industrial B3 Waste As An Environmental Control Instrument In Bekasi District

Tax On Industrial B3 Waste As An Environmental Control Instrument In Bekasi District

Accounting for Externalities and Financial Performance of Listed Industrial Goods Companies in Nigeria

Support for Household Prosumers in the Early Stages of Power Market Decentralization in Ukraine

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