Understanding the nonlinear effect of digital technology development on CO₂ reduction

Sustainable Development, Год журнала: 2024, Номер 32(5), С. 5797 - 5811

Опубликована: Апрель 12, 2024

Abstract Digital technology, including advancements in artificial intelligence, the Internet of Things, and data analytics, has potential to revolutionize tackling problem carbon dioxide emissions achieving sustainable development. The paper aims at checking nature impact digital technology development on reduction for EU countries 2013–2020. study applies following methods: entropy methods, panel‐corrected standard error, feasible generalized least squares. index enabled classification all into two distinct groups: High Technology Development Moderate/Lower Development. findings confirm that a significant decreasing emissions. In first stage, growth causes faster decrease However, beyond certain threshold, further improvement results diminishing marginal benefits CO2 reduction. Thus, government should catalyze extension technologies among sectors levels. addition, it requires enhancing literacy society local authorities.

Язык: Английский

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Sustainable Governance, Energy Security, and Energy Losses of Europe in Turbulent Times

Energies, Год журнала: 2022, Номер 15(23), С. 8857 - 8857

Опубликована: Ноя. 23, 2022

The article aims to identify the relationship between energy efficiency and particular indicators of losses in Europe. results bibliographic analysis showed a knowledge gap Europe regarding new challenges security. For analysis, annual panel data from 32 European countries were collected 1990 2019. authors used Jarque–Bera test assess normality residuals, utilized Breush–Pagan for heteroskedasticity check, applied regression determine loss rates To effects losses, performed OLS modeling using stats model’s package Python. According results, an increase distribution (% available all sources) by 1% leads consumption 17.16% under other constant conditions. There is significant heterogeneity concerning coefficients. Such situation requires development strategies mechanisms reduce considering security turbulent times. Further research can be devoted clustering according main groups losses: extraction, distribution, storage, transformation energy.

Язык: Английский

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New Trends and Patterns in Green Competitiveness: A Bibliometric Analysis of Evolution

Virtual Economics, Год журнала: 2022, Номер 5(2), С. 24 - 42

Опубликована: Сен. 28, 2022

Global population growth, advancement of technological innovations, features economic development, total digitization production, and increase consumption determine the necessity forming companies' green competitive advantages. In order to create a terminological basis research main trends in development concept "green competitiveness businesses" there was carried out bibliometric analysis using VOSViewer software 1.6.13 Scopus Tools Analysis. A sample 54,753 relevant scientific publications indexed by scientometric databases generated for period 1991–2021. The results made it possible basic prerequisites stages advantages: first is related traditional understanding competitiveness, its global measurement, processes greening activity; second business activities economy; third context marketing strategies; fourth shaping directly. conducted formed theoretical clarifying content as an ability enterprise form effectively use advantages, their convergent complementary effects, which ensure sustainable enterprises, expansion enterprise's position on market, investment attractiveness capitalization, formation environmental brand.

Язык: Английский

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Institutions’ Effect on a Country’s Investment Attractiveness within Sustainable Development

Virtual Economics, Год журнала: 2022, Номер 5(4), С. 50 - 64

Опубликована: Дек. 30, 2022

Sustainable development requires implementation of relevant green transformation countries by providing policies and extending technologies renewable energies. Withal, it attracting additional knowledge, human, financial, natural resources. In this case, with higher investment attractiveness have a capability to attract knowledge resources implement mechanisms achieve sustainable goals. The effectiveness public governance is basic condition for the successful modernization economy develop positive business climate investment. paper aims at analysing impact institutions’ quality on country’s attractiveness. objects research are Ukraine EU countries. study applies correlation regression analysis purpose research. findings show that has statistically significant effect in However, political stability, freedom positively influence Improving stability one point promotes integrated index country 0.086 0.016. rule law not significant. This means formed an appropriate affordable legislation base investors country. Thus, Ukrainian government should pay attention regulation social economic energy resource use.

Язык: Английский

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Macroeconomic and Uncertainty Shocks’ Effects on Energy Prices: A Comprehensive Literature Review

Energies, Год журнала: 2023, Номер 16(3), С. 1491 - 1491

Опубликована: Фев. 2, 2023

GDP, monetary variables, corruption, and uncertainty are crucial to energy policy decisions in today’s interrelated world. The global crisis, aggravated by rising prices, has sparked a thorough analysis of its causes. We demonstrate the significance categorizing research influence channels while focusing on their implications for decisions. investigate growing number studies that use inflation, central banks’ characteristics, as critical factors determining policies. Energy prices fluctuate because policies shift supply–demand equilibrium. categorise effects show economic uncertainty, and, most notably, specific conditions extreme events play significant role prices. observed consumption, GDP growth, have bidirectional, causal relationship. Still, literature not established which causative direction is significant. Taxes, interest rates, corruption also significantly determine although origins been adequately examined. Lastly, generally increases costs, but this relationship requires additional terms features countries, conditions, importantly, theoretical backgrounds used.

Язык: Английский

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SMART GRIDS IN INDUSTRIAL PARADIGMS: A REVIEW OF PROGRESS, BENEFITS, AND MAINTENANCE IMPLICATIONS: ANALYZING THE ROLE OF SMART GRIDS IN PREDICTIVE MAINTENANCE AND THE INTEGRATION OF RENEWABLE ENERGY SOURCES, ALONG WITH THEIR OVERALL IMPACT ON THE INDUSTRI

Engineering Science & Technology Journal, Год журнала: 2024, Номер 5(1), С. 1 - 20

Опубликована: Янв. 15, 2024

This study provides a comprehensive analysis of the integration and impact smart grids in industrial sector, focusing on evolution from traditional grids, role predictive maintenance, renewable energy sources. The primary objectives were to understand how are reshaping management assess their efficiency, sustainability, operational practices. A systematic literature review was employed as methodology, utilizing electronic databases academic journals gather relevant 2018 2023. search strategy involved keywords related integration. Inclusion exclusion criteria established ensure relevance selected literature, which then thematically synthesized identify key trends insights. Key findings indicate that mark significant shift management, offering enhanced reliability, sustainability. sources addresses challenges like intermittency, contributing environmental Predictive maintenance within has emerged crucial for improving efficiency reducing costs. also highlights economic impacts grid technologies, underscoring potential promoting sustainable Finally, represent pivotal advancement management. recommends continued innovation strategic implementation realize full potential, with future research AI applications, emerging sources, policy frameworks technologies. Keywords: Smart Grids, Maintenance, Renewable Energy, Industrial Efficiency.

Язык: Английский

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Mapping Global Research on Green Energy and Green Investment: A Comprehensive Bibliometric Study

Energies, Год журнала: 2024, Номер 17(5), С. 1119 - 1119

Опубликована: Фев. 26, 2024

The spillover effects of climate change require the exploration and implementation appropriate ways to reduce ecological issues while simultaneously maintaining economic social well-being. expansion green energy allows for a reduction in negative anthropogenic impact on environment without restricting growth or welfare. However, necessitates additional investment. This paper aims provide comprehensive bibliometric analysis studies interactions between study is based Preferred Reporting Items Systematic Reviews Meta-Analyses (PRISMA) guidelines employs Scopus Tools Analysis VOSviewer version 1.6.20 software. metadata investigation were compiled from scientific databases Scopus. findings allow identification most prolific countries authors their collaborative efforts, which contribute theoretical landscape also illustrates evolution linkages Furthermore, results enable core clusters investment: first cluster focuses renewable sustainable development; second government energy; third investment as catalyst energy. meta-analysis facilitate new research areas related connection

Язык: Английский

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STATE POLICY OF WELLBEING IN THE FACE OF GLOBAL CHALLENGES: PROBLEMS OF SOCIALIZATION, SOCIO-ECONOMIC TRANSFORMATION AGAINST THE BACKGROUND OF THE INTRODUCTION OF DIGITALIZATION AND ARTIFICIAL INTELLIGENCE TECHNOLOGIES

AD ALTA Journal of Interdisciplinary Research, Год журнала: 2024, Номер 14(1), С. 195 - 200

Опубликована: Апрель 30, 2024

In the second decade of twenty-first century, one most notable shifts in capitalism is how its digitization increasingly affects people's methods living and producing. The article represents an attempt to understand transformational realities digital field political economy. particular, phenomenon emergence growth a new class – precariat considered. key challenges era globalism their implications for state policy wellbeing are systematized.

Язык: Английский

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The Dynamics of Trade Relations between Ukraine and Romania: Modelling and Forecasting

Virtual Economics, Год журнала: 2022, Номер 5(2), С. 7 - 23

Опубликована: Сен. 28, 2022

The article examines the monthly dynamics of exports, imports and balance trade between Ukraine Romania in period from 2005 to 2021. Time series 2015 2021 were used for modelling forecasting (since date European Union–Ukraine Association Agreement took effect). Adequate models Box-Jenkins methodology built: additive with seasonal component ARIMA (Autoregressive Integrated Moving Average) ARIMAS (or SARIMA) Holt-Winters exponential smoothing a dampened trend. Forecasting fourth quarter first 2022 completed. forecast results showed small relative error compared actual data. Thus, when countries using model, prediction errors were: October – 1.3%; November 2.6%; December 0.4%.

Язык: Английский

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Optimal Design of Transport Tax on the Way to National Security: Balancing Environmental Footprint, Energy Efficiency and Economic Growth

Sustainability, Год журнала: 2023, Номер 15(1), С. 831 - 831

Опубликована: Янв. 3, 2023

To ensure the progress of sustainable development and overcome threats to national security, tools for balancing ecological, economic energy aspects activity acquires special importance. This study is related influence choosing different functional elements transport taxes on their effectiveness in ensuring security. For calculations, panel regression modelling with panel-adjusted standard errors based use Durbin–Watson test using dummy variables was chosen. The assessment involves selection main factor variable (tax revenues from taxes, as well an additional variable) compliance a country’s taxation system, certain criterion its application. resulting chosen integral indicator which summarizes parameters environmental footprints, growth, efficiency Calculations were made nine countries (i.e., Czech Republic, Finland, France, Ireland, Israel, Portugal, Romania, Slovakia Turkey) period 1996–2019. calculations proved that establishment depending type weight car, increases security or, cost age weakens such effectiveness. emissions generated by capacity fuel requires research; obtained results did not allow unambiguously determining impact taxes. conducted research forms basis optimal design maximization regulatory developed approach can be extended evaluate other

Язык: Английский

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