Assessing the role of carbon pricing in global climate change mitigation strategies
Wags Numoipiri Digitemie,
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Ifeanyi Onyedika Ekemezie
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Magna Scientia Advanced Research and Reviews,
Journal Year:
2024,
Volume and Issue:
10(2), P. 022 - 031
Published: March 9, 2024
Carbon
pricing
has
emerged
as
a
crucial
policy
tool
in
global
efforts
to
mitigate
climate
change
by
internalizing
the
costs
of
carbon
emissions
and
incentivizing
emission
reductions.
This
review
provides
an
assessment
role
mitigation
strategies.
mechanisms,
including
taxes
trading
systems
(ETS),
have
gained
traction
worldwide
governments
seek
effective
ways
reduce
greenhouse
gas
emissions.
These
mechanisms
establish
price
on
emissions,
creating
economic
incentives
for
businesses
individuals
their
footprint.
The
effectiveness
mitigating
depends
various
factors,
stringency
coverage
sectors
gases,
complementary
policies
measures.
Studies
shown
that
well-designed
can
lead
significant
reductions
while
promoting
innovation
investment
clean
technologies.
However,
also
faces
challenges
limitations,
concerns
about
equity,
competitiveness,
political
acceptability.
Distributional
impacts
vulnerable
populations
energy-intensive
industries
must
be
carefully
addressed
ensure
fairness
policies.
Furthermore,
success
international
cooperation
coordination,
easily
shift
across
borders
response
disparities.
Global
harmonize
markets
enhance
efficiency
efforts.
In
conclusion,
plays
strategies
aligning
with
environmental
objectives.
While
it
offers
potential
reducing
fostering
transition
low-carbon
economy,
addressing
such
equity
is
essential
maximizing
its
effectiveness.
By
integrating
into
comprehensive
frameworks,
policymakers
accelerate
progress
towards
sustainable
resilient
future.
Language: Английский
Designing new energy markets to promote renewables
Heliyon,
Journal Year:
2024,
Volume and Issue:
10(10), P. e31427 - e31427
Published: May 1, 2024
The
drive
toward
decarbonization
has
spurred
the
growth
of
renewable
energy
sources,
reshaping
production
and
consumption
patterns.
As
landscape
evolves,
so
must
market
design
supporting
it
to
steer
integration
energy.
Addressing
challenges
promoting
distributed
is
paramount
for
developing
a
cleaner
system
meeting
targets.
This
study
presents
modern
that
efficiently
integrates
long-term
contracts,
flexibility
technologies
into
single
evolved
framework.
approach
described
herein
provides
proper
price
signals
diverse
assets
decouples
from
fossil
fuels,
ensuring
economic
viability
efficient
integration.
Taking
consideration
key
barriers
drivers,
findings
provide
insights
perfecting
markets,
targets,
guiding
policymaking
boost
systems.
Language: Английский
The Impact of ESG Criteria on Firm Value: A Strategic Analysis of the Airline Industry
Sustainability,
Journal Year:
2024,
Volume and Issue:
16(19), P. 8300 - 8300
Published: Sept. 24, 2024
Environmental,
social,
and
governance
(ESG)
factors
are
crucial
in
evaluating
a
company’s
value.
High
ESG
scores
reflect
ethical
practices,
social
responsibility,
effective
governance.
This
paper
examines
the
impact
of
criteria
on
firm
value
within
airline
industry,
focusing
their
influence
operational
efficiency,
risk
reduction,
financial
performance.
Using
panel
data
analysis,
study
evaluates
from
32
companies
over
period
2018–2023,
with
an
explanatory
power
36.5%.
The
research
explores
how
integrating
environmental,
into
strategic
management
can
foster
sustainable
competitive
advantage.
It
focuses
utilizing
internal
resources,
meeting
needs
various
interested
parties,
balancing
financial,
environmental
findings
indicate
that
while
practices
enhance
through
improved
efficiency
management,
they
do
not
always
lead
to
higher
short-term
Moreover,
underscores
significance
where
robust
structures
mitigate
risks
but
may
also
increase
costs.
contributes
literature
by
providing
empirical
evidence
link
between
performance
emphasizing
importance
principles
for
long-term
sustainability
success.
Language: Английский
Decarbonization in the European Steel Industry: Strategies, Risks, and Commitments
Environmental Challenges,
Journal Year:
2024,
Volume and Issue:
16, P. 100988 - 100988
Published: Aug. 1, 2024
This
paper
investigates
the
challenge
of
decarbonizing
steel
industry,
a
pillar
global
economy
but
also
major
carbon
emitter.
Analyzing
current
decarbonization
strategies,
their
effectiveness,
and
role
corporate
commitment
risk
management
offers
insights
needed
to
identify
development
paths
in
environment
characterized
by
pressure
driven
stringent
environmental
standards
fierce
competition.
An
empirical
approach,
including
survey
model
simulation,
is
used
answer
prominent
research
questions.
Aspects
such
as
influence
governance
criteria,
specific
initiatives
that
can
be
undertaken,
importance
commitment,
integration
into
strategic
planning
are
examined.
Simulations
suggest
probability
meeting
2030
goals
range
from
65.08
75.98
percent
delta
between
low
high
ranges
4.917
4.133
according
share
renewables
energy
mix
decarbonization.
The
included
analysis.
highlights
need
for
greater
coordination
across
industry
improve
efforts.
It
emphasizes
critical
government
policies
market
dynamics
shaping
actions
toward
achieving
goals.
findings
contribute
understanding
processes,
offering
guidance
sector's
transition
low-carbon
economy.
Language: Английский
Meeting decarbonization targets: Techno-economic insights from the Italian scenario
DeCarbon,
Journal Year:
2023,
Volume and Issue:
2, P. 100022 - 100022
Published: Sept. 1, 2023
The
European
plan
for
a
green
transition
includes
the
Fit
55
package,
designed
to
pave
way
climate
neutrality.
Despite
its
significant
implications
cleaner
technologies,
it
potentially
correlates
with
high
investment
requirements,
necessitating
pursuit
of
cost-effective
environmental
policies.
Starting
from
reference
scenario
previously
envisaged
in
Energy
and
Climate
Plan,
socioeconomic
impacts
are
assessed
using
mixed
methods.
It
is
estimated
that
€1,120
bn
investments
needed
meet
decarbonization
targets,
while
total
impact
on
public
finance
revenues
2030
projected
at
€529
bn.
Additionally,
avoided
costs
emissions
amount
€36
bn,
those
energy
savings
expected
reach
€30
This
paper
adds
value
by
contributing
literature
policies,
offering
an
in-depth
appraisal
integrates
technoeconomic
perspectives.
Furthermore,
informs
policymakers'
spending
decisions
decarbonization.
Language: Английский
Assessment of the European Emissions Trading System’s Impact on Sustainable Development
Sustainability,
Journal Year:
2023,
Volume and Issue:
16(1), P. 223 - 223
Published: Dec. 26, 2023
This
study
explores
the
interaction
between
emission
trading
system
and
Sustainable
Development
Goals.
Using
an
empirical
analysis
of
a
sample
European
installations
covered
by
Emission
Trading
System
from
2016
to
2021,
we
assessed
how
internalized
costs
carbon
emissions
across
economic
sectors
analyzed
its
impact
on
achieving
The
results
revealed
that
while
increased
efficiency
had
positive
effects
environmental
taxation
reduction
in
losses
due
climate
change,
challenges
persist
natural
resource
use
energy
dependence.
offers
new
insight
into
ability
pricing
policies
properly
allocate
costs.
highlights
importance
integrating
complementary
policy
instruments
strengthen
effectiveness,
given
link
selected
sustainable
development
circular
economy
variables.
provide
stakeholders
policymakers
with
essential
information
for
optimizing
developing
integrated
approaches.
If
well
implemented,
such
can
effectively
contribute
fight
against
change
promote
reducing
social
Language: Английский
Decarbonization in the European Steel Industry: Strategies, Risks, and Commitments
Published: Aug. 12, 2024
This
paper
investigates
the
challenge
of
decarbonizing
steel
industry,
a
pillar
global
economy
but
also
major
carbon
emitter.
Analyzing
current
decarbonization
strategies,
their
effectiveness,
and
role
corporate
commitment
risk
management
offers
insights
needed
to
identify
development
paths
in
environment
characterized
by
pressure
driven
stringent
environmental
standards
fierce
competition.
An
empirical
approach,
including
survey
model
simulation,
is
used
answer
prominent
research
questions.
Aspects
such
as
influence
governance
criteria,
specific
initiatives
that
can
be
undertaken,
importance
commitment,
integration
into
strategic
planning
are
examined.
Simulations
suggest
probability
meeting
2030
goals
range
from
65.08
75.98
percent
delta
between
low
high
ranges
4.917
4.133
according
share
renewables
energy
mix
decarbonization.
The
included
analysis.
highlights
need
for
greater
coordination
across
industry
improve
efforts.
It
emphasizes
critical
government
policies
market
dynamics
shaping
actions
toward
achieving
goals.
findings
contribute
understanding
processes,
offering
guidance
sector's
transition
low-carbon
Language: Английский
Strategic Response of European Airlines to Market Dynamics: A Comparative Analysis
Administrative Sciences,
Journal Year:
2023,
Volume and Issue:
13(12), P. 255 - 255
Published: Dec. 12, 2023
The
airline
market
is
constantly
evolving
and
requires
managers
to
adopt
strategies
meet
the
changing
demands
organizational
requirements
of
sector.
As
a
result
its
liberalization,
European
has
transformed
from
set
national
protected
sectors
single
Although
grown
over
last
two
decades,
industry
faced
difficulties
due
various
economic,
safety,
environmental,
health
issues,
which
have
recently
emerged.
This
study
analyzes
airlines’
strategic
responses
increased
competition
turn
century
2019,
excluding
pandemic
period,
focus
on
dynamics
driven
by
policy.
A
five-pillar
framework
highlighting
common
divergences
between
major
network
carriers
outlined
through
multi-case
analysis
markets.
sample
includes
France,
Germany,
Italy,
Spain.
Results
managerial
implications
that
highlight
importance
adaptability
in
an
landscape
continues
evolve.
Managerial
fall
into
following
three
categories:
positioning,
cost
optimization,
business
diversification.
Language: Английский
Meeting decarbonization targets: Techno-economic insights from the Italian scenario
Published: Aug. 12, 2024
The
European
plan
for
a
green
transition
includes
the
Fit
55
package,
designed
to
pave
way
climate
neutrality.
Despite
its
significant
implications
cleaner
technologies,
it
potentially
correlates
with
high
in
vestment
requirements,
necessitating
pursuit
of
cost-effective
environmental
policies.
Starting
from
reference
scenario
previously
envisaged
Energy
and
Climate
Plan,
socioeconomic
impacts
are
assessed
using
mixed
methods.
It
is
estimated
that
€1120
bn
investments
needed
meet
decarbonization
targets,
while
total
impact
on
public
finance
revenues
2030
projected
at
€529
bn.
Additionally,
avoided
costs
emissions
amount
€36
bn,
those
energy
savings
expected
reach
€30
This
paper
adds
value
by
contributing
literature
policies,
offering
an
indepth
appraisal
integrates
technoeconomic
perspectives.
Furthermore,
informs
policymakers'
spending
decisions
decarbonization.
Language: Английский
Meeting Decarbonization Targets: Techno-economic Insights From the Italian Scenario
SSRN Electronic Journal,
Journal Year:
2023,
Volume and Issue:
unknown
Published: Jan. 1, 2023
The
European
plan
for
a
green
transition
includes
the
Fit
55
package,
designed
to
pave
way
climate
neutrality.
Despite
its
significant
implications
cleaner
technologies,
it
potentially
correlates
with
high
investment
requirements,
necessitating
pursuit
of
cost-effective
environmental
policies.
Starting
from
reference
scenario
previously
envisaged
in
Energy
and
Climate
Plan,
socioeconomic
impacts
are
assessed
using
mixed
methods.
It
is
estimated
that
€1120
bn
investments
needed
meet
decarbonization
targets,
while
total
impact
on
public
finance
revenues
2030
projected
at
€529
bn.
Additionally,
avoided
costs
emissions
amount
€36
bn,
those
energy
savings
expected
reach
€30
This
paper
adds
value
by
contributing
literature
policies,
offering
an
in-depth
appraisal
integrates
technoeconomic
perspectives.
Furthermore,
informs
policymakers'
spending
decisions
Language: Английский