Assessing the power of biofuels and green technology innovation on the environment: The LCC perspective

Energy & Environment, Journal Year: 2024, Volume and Issue: unknown

Published: Sept. 12, 2024

The global concerns over the climate crisis have led countries to reconsider their energy options, directing focus of policymakers toward clean sources that can support a transition more sustainable future. Herein, biofuel energy, with its characteristics, has become vital alternative fossil fuels, paving way for environment. In this context, study explores impact consumption and green technology (GT) innovation on load capacity factor. To end, applies regularized common correlated estimation panel data from top five consumer period 2002–2021. empirical outcomes reveal (i) curve (LCC) hypothesis is invalid; (ii) biofuels are essential elements system ensure better access eco-friendly contribute environmental quality; (iii) in GTs contributes quality. light findings, reveals role GT path greener future, should consider power these factors formulating policies.

Language: Английский

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Are Biofuel Technologies a Revolution for Environmental Sustainability in the United States?

Geological Journal, Journal Year: 2024, Volume and Issue: unknown

Published: Sept. 30, 2024

ABSTRACT Many countries accelerate climate change by using fossil fuels like coal, gas, and petroleum to power their energy production systems boost economic growth, which in turn releases large amounts of greenhouse gases (GHG). Recently, biofuels (BIO) have gained significant global attention for potential decarbonize the economy reduce dependence on replacing fuels. This study examines effect biofuel consumption innovation non‐fossil load capacity factor (LCF) United States spanning from 1981 2020. The empirical outcomes verify validity curve (LCC) theory. In addition, has a favourable impact LCF. findings further demonstrate that fuel technologies no Based these outcomes, US government should increase share BIO as an component mix replace As result, meet its low‐carbon goal efficiently reducing GHG.

Language: Английский

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Which Publicly Financed Green Technology R&D Option Most Effectively Drives Carbon Productivity? Instances of Energy Efficiency, Renewables, Nuclear, Hydrogen, and Energy Storage

Energy Storage, Journal Year: 2024, Volume and Issue: 6(7)

Published: Oct. 1, 2024

ABSTRACT As a strategy, countries seek ways to improve national income and, at the same time, keep carbon emissions minimal. Such scenario is captured by respective economies' productivity (CP) scores. Remarkably, it expected that technological advancements could be harnessed achieve CP. Hence, many have publicly invested in green technologies R&D, including energy efficiency, renewables, nuclear, hydrogen, and storage. However, existing studies did not verify specific contributions of these advances CP, leaving notable void literature. current research verified various technology R&D Based on panel data from 2003 2022, this study implemented novel instrumental variable quantile regression technique for updated insights. The uncovers heterogeneous each innovation variant distributions effects underscore country's changing economic structures varied implementation paths. policy consistency key driving CP ensuring environmental compatibility. renewable, efficiency contributed most significantly across distributions. hydrogen storage least Therefore, allocating more funds all R&Ds boost energy‐enhancing overall sustainability expedient. proactive integrative policies consistent with SDGs 7 13 would reduce while escalating income. Meanwhile, isolated inconsistent funding should discouraged progress. A robustness evaluation based SIVQR produced corroborative evidence.

Language: Английский

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Multifaceted natural resources and green energy transformation for sustainable industrial development

Geoscience Frontiers, Journal Year: 2024, Volume and Issue: 15(6), P. 101919 - 101919

Published: Aug. 25, 2024

Language: Английский

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İslami Bankacılık, Yenilenebilir-Yenilenemez Enerji ile Ekonomik Büyümenin Çevre Kalitesi Üzerindeki Rolü: Seçilmiş Ülkeler İçin LCC Hipotezinin Test Edilmesi

Kocatepe İslami İlimler Dergisi, Journal Year: 2024, Volume and Issue: 7(3), P. 106 - 131

Published: Dec. 20, 2024

Finans sektörü enerji kaynaklarının yatırıma dönüştürülmesinde finansman sağlayıcı konumundadır. Son yıllarda finans içinde geleneksel bankacılığa alternatif olarak hızlı gelişim gösteren İslami bankacılık çevre dostu projelerin finansmanında önemli rol üstlenmektedir. Bu bağlamda, çalışmada çevresel kalite üzerinde bankacılığın etkisinin yük faktörü eğrisi (LCC) hipotezi kapsamında araştırılması amaçlanmıştır. doğrultuda kurulan araştırma modelinde bağımlı değişken kalitesi göstergesini ifade eden kapasitesi (LCF) kullanılmıştır. varlıkları, öz sermaye kârlılığı, yenilenebilir-yenilenemez ile kişi başı reel gayri safi yurt içi hâsıla bağımsız değişkenler modelde ele alınmıştır. Çalışma alanında önde gelen Türkiye, Birleşik Arap Emirlikleri, Kuveyt, Pakistan ve Endonezya ülkeleri yapılmıştır. Beş ülkeye ait 2013-2022 arasındaki 10 yıllık veriler panel veri analizi incelenmiştir. sonucunda LCC hipotezinin analiz edilen ülkeler için geçerli olduğu saptanmıştır. Yük varlıklarının pozitif yönde etkisi ancak kârlılığının ise negatif yönlü bir etki oluşturduğu tespit edilmiştir. Öte yandan, ülkelerde yenilenebilir yenilenemez tüketiminin, faktörünü etkilediği ortaya koyulmuştur. Sonuç olarak, birincil kaynakları yerine temiz yatırımları uygun maliyetle kolay erişimle daha fazla sağlanarak kullanımının teşvik edilmesi yaygın hale getirilmesi gerekmektedir.

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