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Ranking the fossil fuel subsidizing countries in 2019 in billion real 2019 US Dollar. Source: (IEA, 2020)
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For reducing fossil fuel demand and its environmental damages in Iran, the UN suggests removal of fossil fuel subsidies in this developing country which has the largest amount of energy subsidies in the world within 2010s. This research investigates the effectiveness of subsidy removal as a price policy in reducing the consumption of diesel which h...
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Now a day's car division is the quickest developing segment in the world, we see the number of vehicles on the Indian street is persistently expanding and the request for fossil fuel is also increasing, we can see there is some glitch happening whereas filling the fuel at petrol pumps. According to ponder of analysts within the year 2027, India wil...
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... In the third decade of the 21st century, the dilemma between economic development and environmental protection has reached a new stage for integrated sustainable development (Taghvaee et al., 2023;Taghvaee, Nodehi, & Saboori, 2022). In the face of severe climate impacts caused by global warming, in early 2021, China introduced sustainable development goals, to achieve carbon peak by 2030 and carbon neutral by 2060. ...
In early 2021, China introduced the “30–60” objective of “Carbon Neutral and Carbon Peak,” establishing low-carbon and high-quality development as a pivotal direction for China’s economic and social progress. China’s textile industry assumes a vital role in achieving low-carbon and high-quality development. Technological innovation emerges as a means to meet environmental regulations, facilitating an advantageous synergy between economic prosperity and environmental protection. The purpose of this study is to investigate the relationship between direct environmental regulation (DER) and enterprise innovation in the context of the Chinese textile industry. To achieve it, the study utilizes data collected from publicly listed textile companies in China, covering the period from 2004 to 2018, to construct a moderation-mediation model that explores the complex interplay between DER and enterprise innovation. The study’s novelty lies in comparing the impact of environmental regulation on innovation quality through substantive innovation and green innovation, as well as conducting stratified classification analyses by incorporating heterogeneous factors such as DER intensity, region, and sub-industry. The results demonstrate that DER significantly promotes both the input and output quality of innovation in Chinese textile enterprises, exhibiting a complex pattern of mediating and moderating effects. Specifically, DER exerts a substantial influence on the capital investment in innovation by Chinese textile enterprises, with high-intensity DER yielding more pronounced effects. The impact of DER on enterprise innovation quality is also contingent upon enterprise heterogeneity. Additionally, innovation capital investment serves as a pivotal mediating factor that links DER to the innovation quality of Chinese textile enterprises. The enterprise scale exhibits a moderating effect between DER and enterprise innovation quality. In summary, the mediation of innovation input and the moderation of enterprise scale collectively contribute to a comprehensive moderation-mediation effect on the relationship between DER and innovation quality in Chinese textile enterprises. Based on these findings, this study provides novel empirical support for the narrow “Porter Hypothesis” and offers targeted recommendations for enterprise management and policymakers in future applications.
... Economic complexity reduces energy consumption and its environmental dangers by developing energy-efficient technologies as a result of promoting further research and development. In this way, economic complexity can increase energy efficiency [13][14][15]. In addition, countries with higher complexity have a larger share of knowledge-based products instead of energy-consuming production. ...
This paper aims to investigate how economic complexity and structural transformation affect energy security. This study differs from previous research by focusing on energy efficiency and renewable energy transition as indicators of energy security. The employed methods include econometric techniques such as Panel-Corrected Standard Errors, Driscoll and Kraay's Spatial Correlation Consistent (SCC) method, and Generalized Least Squares, covering data from the Middle East and North Africa (MENA) countries between 1990 and 2017. The results show that economic complexity has a negative effect on energy efficiency but a positive impact on renewable energy. However, economic growth positively affects energy efficiency but negatively influences renewable energy. These results imply that economic complexity is energy-intensive but green, whereas economic growth is energy-saving but brown. The comparative analysis reveals that the negative effects of economic complexity and growth are larger than their positive effects, highlighting the necessity of restructuring economic activities and sectors. Accordingly, decision-makers should encourage the utilization of more energy-efficient technologies in economic activities and production, while promoting renewable energy consumption to enhance energy security in the MENA region.
... Key economic factors are income and price elasticities, which measure the responsiveness of electricity demand to changes in household income and electricity prices, respectively (Ahmed and Nisar, 2019;Al-Mosawy et al., 2021). These elasticities are essential for crafting effective energy policies, managing supply-demand balance, and promoting energy efficiency (Taghvaee et al., 2023(Taghvaee et al., , 2022Wakashiro, 2019). Higher household income typically increases electricity consumption due to more appliances and larger living spaces (Nguyen et al., 2021;Singh et al., 2022). ...
... These studies collectively highlight the complexity of household electricity demand elasticity, influenced by income, regional variations, and electricity tariff structures. They emphasize the need to consider these factors in policymaking for effective energy savings and efficiency (Taghvaee et al., 2023(Taghvaee et al., , 2022. ...
... For example, in Indonesia, household electricity demand is price-and income-inelastic, with urban households consuming more electricity than rural ones, suggesting the need for increased capacity or higher tariffs to encourage savings (Tiedemann et al., 2023). In contrast, research on 18 European Union countries finds higher income elasticities at lower quantiles and consistent price elasticities across all quantiles, with long-run elasticities significantly higher than short-run elasticities, indicating potential for policy measures to enhance electricity efficiency and market transparency (Nainggolan, 2022;Taghvaee et al., 2023Taghvaee et al., , 2022. ...
This systematic review investigates disparities in research coverage and assesses the implications of income and price elasticities on household electricity demand. By analyzing studies across various regions and income groups, it aims to uncover imbalances in research distribution and understand their impact on energy policy development. The review employs a systematic approach, analyzing peer-reviewed and gray literature from Scopus, Web of Science, and Google Scholar databases from 1980 to 2023. It addresses four research questions: regional and income group classifications, differences in income elasticities, variations in price elasticities, and the accuracy and variability of household electricity demand elasticity estimates between aggregated and dis-aggregated data studies. The review reveals significant imbalances, with the Middle East, North Africa, and Sub-Saharan Africa underrepresented, while Europe and Central Asia exhibit robust research. Consistent inelasticity in electricity demand is observed across contexts and timeframes. High-income countries dominate this research, leading to a lack of empirical studies in low-income regions, hindering tailored interventions. Understanding short-and long-run elasticities is crucial for effective demand forecasting and policy design. This review uniquely compares income and price elasticities from aggregated and disaggregated data studies, highlighting regional research disparities and their implications for energy policy. It emphasizes the need for inclusive, context-specific investigations to foster sustainable development and equitable energy access globally.
... • Subsidies on fossil fuels: Many countries provide subsidies so that fossil fuels become more affordable for poor population. As an example, Iran provides subsidies to buy diesel fuel for people [15]. However, subsidies also have an effect of increasing the demand for fossil fuels. ...
... By removing the subsidies for fossil fuels, the demand for fossil fuels can be tempered [16]. According to some studies, energy efficiency might be more important in reducing the demand than eliminating the subsidies [15]. • Imposing Carbon Tax: Imposition of carbon tax is equivalent to increasing prices for consumption of fossil fuels. ...
According to United Nations , the world needs to reduce the emission of CO2 and other global warming gases by 45 % by 2030 and to negligible amount by 2050. According to UN, this is necessary to keep the goal of keeping earth temperature not exceeding 1.5 °C compared to pre-industrial level temperatures.
To achieve this objective means reducing the fossil fuel consumption. Fossil fuels are largely responsible for emitting CO2; therefore, without significant reduction in fossil fuels consumption by 2050, the net zero emission by 2050 is not possible.
One argument advanced in support of reducing fossil fuels consumption is limited supply. Using the principle of “Peak Oil Theory,” proponents state that fossil fuels is a limited resource and the world will simply run out of it. Based on the available data, we demonstrate that supply of fossil fuels is relatively abundant, and we will not run out of fossil fuels in near term. Using shale formations as an example, we demonstrate how the success of drilling horizontal wells with hydraulic fractures have significantly increased the oil and gas resource available for exploitation. To reduce fossil fuels demand, the available solutions include improving energy efficiency, reducing subsidies on fossil fuels, imposing carbon tax and life choice changes. We discuss some of those alternatives. Fossil fuel supply is relatively abundant and only possible solution to reduce the consumption is to reduce the demand. By comparing developed countries' consumption with developing countries’ consumption, we see a pathway where growth in GDP can be achieved without significant increase in fossil fuels consumption. Because of efficiency gains in energy usage, GDP in developed countries continues to grow without increase in fossil fuels consumption. Faster we reach the efficiency stage in developing countries, easier it would be reduce the fossil fuel consumption in the world.
... From the perspective of economic development, these regions are often located in relatively backward economy. To ensure a sustainable ESs provision to economically developed areas, they often have to sacrifice certain economic development opportunities (Taghvaee et al., 2023). WEC can significantly make up for the sacrifices and losses due to watershed eco-environment protection, adjust the interest relationship, and thus contribute to the human-nature harmonious coexistence. ...
Watershed ecological compensation (WEC) aims to enhance watershed environmental protection and ecological security. However, existing studies often ignore the integrity of large-scale watershed and regional heterogeneity in economic development when determining compensation standards and allocating funds, which makes the implementation of WEC policies difficult to achieve the desired goals. This study adopts the ecosystem services value (ESV) method to quantify the ESV changes using land use data of the Yangtze River Basin (YRB) from 2005 to 2020. On this basis, a WEC standards measurement model and a funds optimization allocation model are constructed to determine the theoretical compensation standards and actual funds allocation for eleven regions in the YRB. The results show that: (1) The land-use structure tended to be stable on the whole, with forest and grassland area exceeded 60% of the total. (2) The total ESV in the YRB exhibited a gradual decline from 16,983.19 billion CNY in 2005 to 16,333.36 billion CNY in 2015, followed by a marked increase to 17,520.45 billion CNY in 2020. (3) The theoretical compensation amounts of the entire YRB were 23.86 billion CNY in 2005, 23.46 billion CNY in 2010, 23.13 billion CNY in 2015 and 24.55 billion CNY in 2020 respectively. (4) The actual compensation funds received by the districts in the YRB were all below the theoretical WEC standards as measured by ESV outputs (35.94%, 52.22%, and 83.36%, respectively). In 2020, there was a reversal, with the actual funds reaching 1.33 times the theoretical standard. This study can provide references for governments to construct WEC programs and improve the efficiency of compensation funds applicable to large-scale watersheds.
... Lastly, Taghvaee et al. (2023), comparative analysis aiming to discern the contrasting impacts of subsidy removal and energy efficiency strategies on diesel demand and sustainable development pillars. Utilizing econometric analysis and modeling techniques, the researchers delved into the intricate dynamics surrounding these policy interventions. ...
The removal of fuel subsidies in Nigeria under the current administration has caused a thoughtful shift with extensive long-term effects across employment, income over a period of time, business, daily life, healthcare, and education. Thus, this study is to assess the long-term socioeconomic impact of fuel subsidy removal on households' living standards in Adamawa State, Nigeria: an empirical analysis. The study covered three (3) Adamawa State Senatorial Zones: Southern Zone, Central Zone, and Northern Zone, with two (2) local government areas from each: Demsa and Numan (Southern), Yola North and Yola South (Central), and Mubi North and Mubi South (Northern). The objective of the study was to evaluate the long-term socioeconomic impact after fuel subsidy removal. A total of 400 respondents were interviewed through the use of a structured questionnaire. The study was anchored on the Economic Theory of Subsidy and Welfare Theory by Pigou in 1920. The result shows that employment status, income prospects, entrepreneurial opportunities, education, skill development, and lifestyle changes are affected by subsidy removal in the long term, and based on this conclusion, the following recommendations were made, among others: the government should target the social safety net (SSN), such as cash transfers of fund subsidies, to assist vulnerable households.
... In this context, Taghvaee et al. (2023a) implement pricing policy by focusing on estimating the demand elasticity of fossil fuels to determine the price levels that cause a reduction in fossil fuel consumption. Taghvaee et al. (2022b) and Taghvaee et al. (2023b) compare the effects of pricing policy (provision of fossil fuel subsidies) with the effects of energy efficiency in reducing the demand for fossil fuels. The comparison of the results shows that energy efficiency is superior to pricing policy, as it results in a greater reduction in demand for fossil fuels and a further improvement in the pillars of sustainable development. ...
This study aims to investigate the ecological efficiency of industry in Greece through a sector-wise framework using data envelopment analysis and considering three different types of environmental emissions. Through this quantification, it is possible to determine the degree of internalization of the environmental impact for each sector of the Greek economy. This fact supports the administrative decision-making process for the planning of sustainable industrial development. Subsequently, the effect of energy and transportation taxes on the eco-efficiency index is examined. It is shown that the revenues from the collection of environmental taxes in Greece have not been sufficiently used to improve eco-efficiency. This fact underlines the need to achieve long-term economic development that is compatible with environmental goals and social needs through appropriate strategic decisions and measures. It also highlights the need to create a well-designed tax system in order to reduce environmental pollution and improve environmental quality.
... The concept of green development covers a comprehensive framework for leveraging the community by simultaneously improving its economy and environment from the aspects of infrastructure, urban planning, resource management, and social potential. Despite its main focus on the economic and environmental pillars of sustainability, it additionally considers social development (Ali et al., 2021;Fang et al., 2023;Mohamad Taghvaee et al., 2023). This consideration especially promotes related social achievements like environmental awareness and education. ...
... The concept of green development covers a comprehensive framework for leveraging the community by simultaneously improving its economy and environment from the aspects of infrastructure, urban planning, resource management, and social potential. Despite its main focus on the economic and environmental pillars of sustainability, it additionally considers social development (Ali et al., 2021;Fang et al., 2023;Mohamad Taghvaee et al., 2023). This consideration especially promotes related social achievements like environmental awareness and education. ...
This article defines green development, green economy, green growth, green business, green trade, green finance, and green government. Among these terms, green development covers green economy which in turn includes green growth. While they similarly integrate developmental activities into environmental consideration, they differ in their coverage level. Green development targets the infrastructural aspects, the green economy involves the economic sectors, and green growth focuses on the economic subsectors and microeconomic scope. They include other elements like green business, green trade, green finance, and green government, contributing altogether to the sustainability degree of society.
... The government has taken different initiatives for plastic waste management (Pollution and Board, 2022). engines demands it increased in every country like the UK (Wadud, 2016), EU (Aklilu, 2020a), Iran, China, Saudi Arabia, Russia, India, Indonesia, etc., (Taghvaee et al., 2023) for the light duty and heavy duty sectors which produce a considerable impact on the elasticity (Aklilu, 2020b) on diesel demand. IC engines were used in different applications such as low-load (0%), high-load (100%) luxurious automobiles, electricity generation (Chattopadhyay et al., 2016), boiler (Wang et al., 2022), agricultural diesel engines, bore well processes, etc. ...
