The Influence of the Global Energy Crisis on Energy Efficiency: A Comprehensive Analysis

Energies, Journal Year: 2024, Volume and Issue: 17(4), P. 947 - 947

Published: Feb. 18, 2024

The global energy crisis, which began in 2021 due to the extraordinary economic recovery after pandemic and intensified Russia’s invasion of Ukraine February 2022, has changed conditions management, paying more attention efficiency. Natural gas prices have reached record levels and, consequently, so electricity some markets. Oil their highest level since 2008. Higher contributed sharply increased inflation. Households are again becoming interested buying coal as a source heat. High pushed many families into poverty forced factories cut production or even close. They also slowed growth point where countries heading for serious recession. Paradoxically, negative effects crisis may accelerate introduction cleaner, sustainable, renewable such wind solar energy. is comparable oil 1970s, when it significant advances current highlighted importance investments resources initiated process integrating regional markets, developing efficiency promoting energies. aim this article comprehensively explore complex relationship between awareness, consumption patterns, efficiency, with focus on both individual consumers industries, during crisis. This paper based literature review, overarching policy documents, reports, other secondary documents. primary research method was systematic review method, impact evaluated. study emphasizes diverse influences ranging from factors consumer preferences environmental consciousness. findings underscore responsibility industries contributing energy-saving efforts active role market. highlighted, call comprehensive approach that integrates criteria product development corporate social responsibility.

Language: Английский

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The impact of Russia–Ukraine war on crude oil prices: an EMC framework

Humanities and Social Sciences Communications, Journal Year: 2024, Volume and Issue: 11(1)

Published: Jan. 2, 2024

Abstract As the second-largest oil producer and natural gas exporter, Russia’s war with Ukraine has severely impacted energy market. To what extent influenced crude prices, it altered long-term dynamics of prices? An objective analysis effects Russia–Ukraine on market can assist relevant entities in developing both short-term emergency strategies response plans. This study establishes an analytical framework event method based multiresolution causality testing (EMC). The results reveal a significant one-way between prices. Afterward, using variational mode decomposition (VMD), from October 1, 2021, to August 25, 2022, as window, we found that its chain events caused West Texas Intermediate (WTI) prices increase by $37.14, 52.33% surge, Brent price rise $41.49, 56.33% increase. During account for 70.72% 73.62% fluctuation WTI respectively. Furthermore, amplified volatility fundamentally trend Consequently, this proposes four recommendations: establishment management mechanism market, diversification imports energy-importing countries, steady advancement transformation, judicious use financial instruments enterprises hedge risks.

Language: Английский

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Quantile spillovers and connectedness between oil shocks and stock markets of the largest oil producers and consumers

Journal of commodity markets, Journal Year: 2024, Volume and Issue: 34, P. 100404 - 100404

Published: April 21, 2024

This study explores the connectedness between major oil-producing and consuming countries' stock markets (United States, China, Russia, India) different oil shocks categorized as demand, supply, risk shocks, following Ready's (2018) framework. Employing a quantile-based approach quantile cross-spectral dependence, our analysis spans from July 02, 2007 to May 31, 2023, encompassing diverse market conditions events. These methodologies help identify interdependence patterns in extreme scenarios at time intervals. Key findings show variations how these respond depending on quantiles. Demand-related have most significant spillover effects United India, while risk-related dominate transmitters of India median Market interconnectedness strengthens during conditions, reflecting historical Additionally, bearish offer diversification opportunities countries crude oil. emphasizes need for tailored investment strategies, monitoring global demand trends, dynamic portfolio management, inclusion portfolios, proactive responses players geopolitical insights benefit investors policymakers seeking optimize strategies interconnected financial landscape.

Language: Английский

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Mapping fear in financial markets: Insights from dynamic networks and centrality measures

Pacific-Basin Finance Journal, Journal Year: 2024, Volume and Issue: 85, P. 102368 - 102368

Published: April 18, 2024

Language: Английский

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Geopolitical shocks and commodity market dynamics: New evidence from the Russia-Ukraine conflict

European Journal of Political Economy, Journal Year: 2024, Volume and Issue: 85, P. 102574 - 102574

Published: June 21, 2024

We investigate the event-based geopolitical shocks from Russian invasion of Ukraine on agricultural and energy commodities using daily structural vector autoregression (SVAR). find that shock affects markets wheat (2%), corn (1%), European natural gas (7.5%). However, substantial heterogeneity is observed among markets. Geopolitical risk stemming Russia-Ukraine conflict market more strongly than US Asian The regional segment could explain this. Finally, our analysis explores how news dynamics stock, currency, bond

Language: Английский

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The impact of the Russia–Ukraine war on volatility spillovers

International Review of Financial Analysis, Journal Year: 2024, Volume and Issue: 93, P. 103194 - 103194

Published: March 11, 2024

Language: Английский

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Is geopolitical oil price uncertainty forcing the world to use energy more efficiently? Evidence from advanced statistical methods

Economic Analysis and Policy, Journal Year: 2024, Volume and Issue: 82, P. 908 - 919

Published: April 22, 2024

Language: Английский

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The Effects of Global Market Changes’ on Automotive Manufacturing and Embedded Software

Published: Jan. 11, 2024

The procedures used to create modern cars require extensive thought in various relevant scientific domains. Arguably, the most challenging obstacle facing automobile sector is managing production facilities by integrating software lines and CI/CD. All this determined market demands, engine of a vehicle, complexity assembling entire car installing its corresponding embedded software. As result, concerns about types global change have grown, as well lack ability use fossil fuels, creating substantial impact on purchase sale automobiles. research foundation reflected covering strategies for deployment administration software, opportunities business improvement particular processes. This article strives provide summary investigation original equipment manufacturers, segmentation, effects changes automotive manufacturing examining correlation between certain specific brand powertrain vehicle. tries examine numerous datasets from United States America Washington State, basis which we may estimate possible future industry’s sales.

Language: Английский

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Analyzing foreland dynamics in China's port clusters under global major events (2019–2022) by AIS trajectory data

Ocean & Coastal Management, Journal Year: 2024, Volume and Issue: 255, P. 107269 - 107269

Published: July 9, 2024

Language: Английский

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How do global commodities react to increasing geopolitical risks? New insights into the Russia-Ukraine and Palestine-Israel conflicts

Energy Economics, Journal Year: 2024, Volume and Issue: 138, P. 107812 - 107812

Published: Aug. 5, 2024

Language: Английский

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