A Review on Solar Energy Policy and Current Status: Top 5 Countries and Kazakhstan

The article describes the world's experience in developing the solar industry. It discusses the mechanisms of state support for developing renewable energy sources in the cases of five countries that are the most successful in this area—China, the United States, Japan, India, and Germany. Furthermore, it contains a brief review of state policy in producing electricity by renewable energy facilities in Kazakhstan. This paper uses statistical information from the International Renewable Energy Agency (IRENA), the International Energy Agency (IEA), British Petroleum (BP), and the Renewable Energy Network (REN21), and peer-reviewed sources. The research methodology includes analytical research and evaluation methods to examine the current state of solar energy policy, its motivators and incentives, as well as the prospects for its development in Kazakhstan and in the world. Research shows that solar energy has a huge development potential worldwide and is sure to take its place in gross electricity production. This paper focuses on the selected economic policies of the top five countries and Kazakhstan, in what may be considered a specific research limitation. Future research suggestions for the expansion of Renewable Energy (RE) in Kazakhstan could include analysing the impact of introducing dedicated policies and incentives for solar systems and exploring the benefits and challenges of implementing large RE zones with government–business collaboration.

Lessons Learnt and Policy Implications from Implementing the POWERPOOR Approach to Alleviate Energy Poverty

Energy poverty is a multifaceted phenomenon that affects many Europeans. Alleviating energy poverty is high in the EU, national, and local policy agendas. Despite the attention the phenomenon has been gaining from a policy perspective, especially after the current energy crisis, there are still some gaps due to the complexity of the issue and its vastly different manifestations across Europe. This manuscript presents the policy implications stemming from the implementation of the POWEPROOR approach in alleviating energy poverty in eight European countries, as co-created with relevant stakeholders in each country. The knowledge gained from empowering energy-poor citizens by promoting behavioural changes and small-scale energy efficiency interventions, as well as by encouraging the uptake of renewable energy sources in the form of collective energy initiatives while leveraging innovative financing schemes, resulted in policy recommendations for national and sub-national governments and lessons for civil society and the private sector.

Hedging potentials of green investments against climate and oil market risks

PurposeThis study aims to examine the ability of clean energy stocks to provide cover for investors against market risks related to climate change and disturbances in the oil market.Design/methodology/approachThe study adopts the feasible quasi generalized least squares technique to estimate a predictive model based on Westerlund and Narayan's (2015) approach to evaluating the hedging effectiveness of clean energy stocks. The out-of-sample forecast evaluations of the oil risk-based and climate risk-based clean energy predictive models are explored using Clark and West's model (2007) and a modified Diebold & Mariano forecast evaluation test for nested and non-nested models, respectively.FindingsThe study finds ample evidence that clean energy stocks may hedge against oil market risks. This result is robust to alternative measures of oil risk and holds when applied to data from the COVID-19 pandemic. In contrast, the hedging effectiveness of clean energy against climate risks is limited to 4 of the 6 clean energy indices and restricted to climate risk measured with climate policy uncertainty.Originality/valueThe study contributes to the literature by providing extensive analysis of hedging effectiveness of several clean energy indices (global, the United States (US), Europe and Asia) and sectoral clean energy indices (solar and wind) against oil market and climate risks using various measures of oil risk (WTI (West Texas intermediate) and Brent volatility) and climate risk (climate policy uncertainty and energy and environmental regulation) as predictors. It also conducts forecast evaluations of the clean energy predictive models for nested and non-nested models.

Performance of Equity Investments in Sustainable Environmental Markets

Despite a significant increase in global clean energy investments, as part of the decarbonization process, it remains insufficient to meet the demand for energy services in a sustainable manner. This study investigates the performance of sustainable energy equity investments, with focus on environmental markets, using monthly equity index data from 31 August 2009 to 30 December 2022. The main contributions of our study are (i) assessment of the performance of trading strategies based on the trend, momentum, and volatility of Environmental Opportunities (EO) and Environmental Technologies (ET) equity indices;and (ii) comparison of the performance of sustainable equity index investments to fossil fuel-based and major global equity indices. Market performance evaluation based on technical analysis tools such as the Relative Strength Index (RSI), Moving Averages, and Average True Range (ATR) is captured through the Sharpe and the Sharpe per trade. The analysis is divided according to regional, sector, and global EO indices, fossil fuel-based indices, and the key global stock market indices. Our findings reveal that a momentum-based strategy performed best for the MSCI Global Alternative Energy index with the highest excess return per unit of risk, followed by the fossil fuel-based indices. A trend-based strategy worked best for the MSCI Global Alternative Energy and EO 100 indices. The use of volatility-based information yielded the highest Sharpe ratio for EO Europe, followed by the Oil and Gas Exploration and Production industry, and MSCI Global Alternative Energy. We further find that a trader relying on a system which simultaneously provides momentum, trend, or volatility information would yield positive returns only for the MSCI Global Alternative Energy, the S&P Oil and Exploration and Production industry, NYSE Arca Oil, and FTSE 100 indices. Overall, despite the superior performance of the MSCI Global Alternative Energy index when using momentum and trend strategies, most region and sector EOs performed poorly compared to fossil fuel-based indices. The results suggest that the existing crude oil prices continue to allow fossil fuel-based equity investments to outperform most environmentally sustainable equity investments. These findings support that sustainable investments, on average, have yet to demonstrate consistent superior performance over non-renewable energy investments which demonstrates the need for continued, rigorous, and accommodating regulatory policy actions from government bodies in order to reorient significant capital flows towards sustainable equity investments.

Using Landfill Sites and Marginal Lands for Socio-Economically Sustainable Biomass Production through Cultivation of Non-Food Energy Crops: An Analysis Focused on South Asia and Europe

Food security and energy transition are among the current major global environmental challenges. Although these issues individually are significant in their own right, they are connected to each other in a nexus with different interrelationships and dependencies. In the quest for non-fossil alternatives for energy, cultivation of bioenergy crops has become an important part of the energy policy in many countries. In this regard, the use of fertile agricultural land for growing crops for energy production rather than for food supply affects the global food security. Recent conflicts and the geopolitical crisis in Europe, leading to increased food, fuel, and fertiliser prices, the existing climate crisis, and the crisis caused due to the COVID-19 pandemic, have further reinforced the understanding of this nexus, with certain countries mulling limiting biofuel production from agricultural land and others banning food grain exports to safeguard food supply. The idea of growing non-food energy crops on marginal lands in general and closed landfill sites in particular is hence ever more relevant, to avoid land-use concurrence between food needs and energy needs. Landfilling has been the dominant waste management strategy until recently in European countries and is still the dominant mode of waste management in low-income regions like South Asia. This paper provides a review of the economic as well as environmental benefits of growing Ricinus communis L., Jatropha curcas L., and Populus deltoides as energy crops on closed landfill sites in the South Asian context. While as the cultivation of Miscanthus X Giganteus, Silphium perfoliatum L., and Panicum virgatum (Switchgrass) is reviewed in the European context. The cultivation of non-food energy crops like these on closed landfill sites and marginal lands is presented as a potential component of an integrated food-energy policy, with an increased relevance in the current times. In the current times of multiple crises, this measure is of increasing relevance as a part of the overall strategy to achieve resilience and environmental sustainability.

Energy poverty in the Energy Community region: Interrogating policy formulation and coverage

The capacity of the state to develop and implement policy at the complex nexus of energy infrastructure, social inequality and housing is indicative of the political priorities of governing structures and, by extension, the nature of statecraft more generally. We compare and contrast the energy poverty amelioration policies of two former Yugoslav and two post-Soviet states located outside the European Union, but seeking to join its regulatory sphere – Serbia, Montenegro, Ukraine and Georgia – against the background of deep and persistent patterns of domestic energy hardship. We are particularly interested in uncovering the time horizons, socio-technical systems and target constituencies of different policy measures, as well as energy sector–specific responses to the COVID-19 pandemic. We find that most states in the region have done little to address some of the more substantive challenges around improving housing quality, energy efficiency and gender inequality. However, energy poverty is present in the policy lexicon of all case study countries, and Ukraine, in particular, has advanced a number of more sophisticated approaches and programmes. [ FROM AUTHOR] Copyright of European Urban & Regional Studies is the property of Sage Publications, Ltd. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full . (Copyright applies to all s.)

Analysis of Electricity and Water Consumption in Existing Mosque Buildings in the UAE

According to the World Economic Forum, the building sector is responsible for 40% of global energy consumption and 33% of greenhouse gas (GHG) emissions, and this is expected to increase due to population growth and the subsequent impact on the environment, economy and health. To tackle the problem, countries have set new construction codes, policies and regulations for the construction of new buildings in an effort to make them greener. However, there is a need to enhance the status of the existing buildings, especially mosques, as they are the main contributors to energy usage and water consumption in the United Arab Emirates (UAE). Therefore, this research seeks to fill this gap, aiming to evaluate the energy usage and water consumption practices employed in the existing mosque buildings within the UAE and to provide recommendations for improving the sustainability of mosques, with a focus on the environmental and economic pillars. The methodology relies mainly on data collected from 146 existing mosque buildings that have undergone energy saving audits across the UAE. Descriptive statistical analysis is performed to analyze the data from the period of 2018–2019 in order to determine the most significant factors related to energy inefficiency in existing mosque buildings in the UAE and to determine the most cost-effective and energy-saving corrective measures for energy and water conservation. The findings further enhance the standard of experience for mosque visitors (social aspect);reduce energy bill expenses, providing an acceptable return on investment from the proposed energy conservation measures for stakeholders (economic);and reduce the overall energy consumption, which can reduce the total CO2 emissions from mosque buildings (environmental).

Actualization and Adoption of Renewable Energy Usage in Remote Communities in Canada by 2050: A Review

Remote community initiatives for renewable energy are rapidly emerging across Canada but with varying numbers, success rates, and strategies. To meet low-carbon transition goals, the need to coordinate technology deployment and long-term policy to guide the adoption is critical. Renewable resources such as wind, solar, hydro, and biomass can provide energy at a subsidized cost, create sustainable infrastructure, and provide new economic viability in social value integration. The renewable energy transition is crucial to Canada in sustaining remote and indigenous communities by providing local, clean, and low-carbon-emission energy for heat, power, and possibly transportation. This paper identified 635 renewable resources projects deployed to improve and increase electricity supply. To an extent, balancing demand within the remote and indigenous communities of Canada and highlighting sustainable renewable energy development through ownership participation within the communities is achievable before 2050 and beyond through energy efficiency and the social value of energy. The article identifies clean energy targets as mandated by the different provinces in Canada to reach net-zero GHG emissions.

Energy policy simulation in times of crisis: Revisiting the impact of renewable and non-renewable energy production on environmental quality in Germany

In this paper, we examine for the first time in the literature the implications of energy policy alternatives for Germany considering the aftermath of coronavirus as well as Electricity and Gas energy supply shortages. Whilst several policy options are open to the government, the choice of investment in renewable energy generation versus disinvestment in non-renewable energy such as coal energy generation provides divergent impacts in the long term. We utilize data from British Petroleum and the World Bank Development Indicator database for Germany covering 1981 to 2020 to explore a Carbon function by applying a battery of Autoregressive distributed lag model (ARDL), dynamic ARDL and Kernel-Based Regularized Least squares approaches. The particular policy tested is the pledge by Germany to decrease emissions by ∼100% in 2050, and this was integrated through the estimation of dynamic ARDL estimation. The simulation result shows that a ＋61% shock in renewable energy production decreases carbon emissions unlike coal energy production which increases carbon emissions in the beginning but the carbon emissions decrease thereafter. The findings highlight the inevitability of cutting down on coal production, and recommends energy investment alternatives. Hence, Germany's energy policy should contemplate more thoroughly on these factors. © 2023 The Author(s)

GDP responses to supply chain disruptions in a post-pandemic era: Combination of DL and ANN outputs based on Google Trends

With the recent Russian-Ukraine conflict, the frequency and intensity of disruptive shocks on major supply chains have risen, causing increasing food and energy security concerns for regulators. That is, the combination of newly available sophisticated deep learning tools with real-time series data may represent a fruitful policy direction because machines can identify patterns without being pre-conditioned calibration thanks to experimental data training. This paper employs Deep Learning (DL) and Artificial Neural Network (ANN) algorithms and aimed predicts GDP responses to supply chain disruptions, energy prices, economic policy uncertainty, and google trend in the US. Sampled data from 2008 to 2022 are monthly wrangled and embed different recession episodes connected to the subprime crisis of 2008, the COVID-19 pandemic, the recent invasion of Ukraine by Russia, and the current economic recession in the US. Both DL and ANN outputs empirically (and unanimously) demonstrated how sensitive monthly GDP variations are to dynamic changes in supply chain performances. Findings identify the substantial role of google trends in delivering a consistent fit to predicted GDP values, which has implications While a comparative discussion over the larger forecasting performance of DL compared to ANN experiments is offered, implications for global policy, decision-makers and firm managers are finally provided. © 2023 Elsevier Inc.

Smart Meter Data Analytics for Building Monitoring System: A Case Study

Decarbonization, decentralization, and digitalization are the prominent paths for the energy sector in the future. The rise of smart meters across consumers, and industries led to a massive collection of fine-grained energy and electricity consumption-related data. A data science challenge is to analyze the Smart Meter data for the benefit of both the energy providers and the consumers. In this paper, An attempt has been made to analyze the smart meter collected from the IIT Hyderabad campus and presented the analysis into descriptive, predictive, and prescriptive analytics. The data collected from more than 50 meters over a period of one year have been analyzed and results obtained. Interesting trends such as the impact of COVID-19 on campus energy consumption have been examined. The framework for energy data analytics presented in this paper will be useful for any campus in general, and the recommendations presented will save energy expenses. © 2023 IEEE.

How do carbon, stock, and renewable energy markets interact: Evidence from Europe

In a low-carbon context, the connectedness among carbon, stock, and renewable energy markets has been strengthening. This study examines the effect of Brexit, the launch of the European Green Deal and the COVID-19 pandemic on the connectedness among carbon, stock, and renewable energy markets by employing Time Varying Parameter -Vector Auto Regression (TVP-VAR). First, equal interval impulse response analysis shows that in the short term, the renewable energy market suffers from a positive shock from the carbon market and this shock gradually decreases from the initial 1.6×10−3. In the long run, the connectivity between the carbon market and the stock market, and between the carbon market and the renewable energy market is almost 0. Second, we can conclude that the positive connectivity between stock market to carbon market and renewable energy market to carbon market is enhanced by COVID-19 in the short term, with values of 7.5×10−3 and 3.6×10−3 respectively. Finally, renewable energy market received a greater negative impact from the carbon market during COVID-19 than during the release of the European Green Deal, while Brexit allowed positive carbon price spillover to renewable energy price. © 2023 Elsevier Ltd

Coal Is a Priority for Energy Security, until It Is Not: Coal Phase-Out in the EU and Its Persistence in the Face of the Energy Crisis

In the wake of the COVID-19 pandemic and the Russian invasion of Ukraine, many countries see coal as the easiest solution to their energy sector challenges, despite the consequences for climate goals. Several countries of the European Union started to re-evaluate their coal policies vis-à-vis the current energy crisis and, although such a change is expected to be short-term in nature, it nevertheless has negative consequences for the Union's 2050 climate goal. However, most of the EU countries did not revise their phase-out goals. This paper examines Slovakia as a country that embarked on a coal phase-out trajectory only a few years before the pandemic broke out and stayed firmly on this path despite benefits stemming from the continued use of domestic coal. Domestic coal used to be considered a safeguard of energy security in Slovakia, especially after the 2009 gas crisis. However, a decision was made in 2018 to phase out coal by 2023, and this has not changed despite increased focus on domestic energy sources as energy security guarantors during the current energy crisis. This paper explains the decision in favour of a coal phase-out and its support vis-à-vis the energy crisis using the concept of ‘financial Europeanisation', which stresses the importance of EU funds for the development of the domestic policies of EU member states. While the expected funds serve as a catalyst for the coal phase-out needed to reach climate goals, short-term advantages of revising a coal phase-out were outweighed by long-term benefits provided by EU funds.

The perspective of energy poverty and 1st energy crisis of green transition

The role of energy transition amidst the energy crisis and how policymakers can drive down emissions while focusing on energy security are critical. Given the geo-political situation, energy crisis volatility, energy shortage and climate change all affect the green transition and the short-term priorities for energy companies and policymakers. Energy security is not an isolated issue but has widespread implications as various sectors depend on energy supply to function properly. Governments around the world are faced with this trilemma, how to balance energy security with energy sustainability while also considering energy affordability. Sustainability has been in focus for about a decade. However, energy security is suddenly becoming one of the most important priorities that policymakers need to consider. Unfortunately, the renewable energy infrastructure is not yet ready to replace the growing volume of energy demand from hydrocarbon, which the world has been dependent on. This means, for now, a surge in energy generation through hydrocarbon to meet the existing energy demand deficit. However, it is important not to lose focus on the challenge of energy sustainability and climate change adaption and mitigation. Where trends like carbon capture and storage;solar, wind, hydro, green hydrogen, etc.;renewable energy infrastructure and integrations, with supply chain and engineering services consideration [in aspect for the growing market in this space] need better attention with regards to investment and full-scale implementation. This paper aims to analyze this 1st energy crisis of green transition with a priori on energy poverty with consideration of major influences and associated impacts. Furthermore, it proposes a specific framework for inclusive investigations, which considers the entire energy ecosystem with consideration of major influences, to enable the policymakers to better drive the green transition. This involves formulating energy policies that are not entirely conservative towards renewable energy sources but instead promote investments in both green and relatively more environmentally benign energy sources compared to high emission hydrocarbons. In this regard, this paper renders exhaustive prospects and recommendations. © 2023 Elsevier Ltd

Holistic and integrated systemic policies and practices for decarbonization

A bold, visionary, transforming, systemic, holistic, integrated, caring, inclusive, equitable, sustainable, and resilient paradigm for fast transitions toward a clean energy and decarbonized future is imperative and urgently needed. Business as usual and silo approaches are not viable with the changes that are occurring. These changes are linked and interacting systems of physical, natural, health, social, economic, finance, governance, and institution. The effects and impacts are dire, existential, and pervasive. The 2021 IPCC Report Physical Science Basis: Summary for Policymakers, in clear language stated "it is unequivocal that human influence has warmed the atmosphere, oceans and land”. The scientific communities in the US, Europe, Asia and other regions all subscribe to this situation. Well documented global empirical evidence is also confirming the profound systems and systemic transformations that are occurring. Business, industry, and the general public, in particular youths, worldwide are all increasingly demanding actions – that transcend words of what needs to be done to deeds of how and now. In the US, the 2022 Inflation Reduction Act, would allocate US 370 billion for combating climate change and clean energy production. The IRA is the largest climate spending package ever. President Biden has called for 100% clean electricity by 2035 and pledged to cut carbon emissions by 50%–52% below 2005 levels by the end of this decade, doubling the previous target. A decarbonized future was endorsed by Leaders at the 2021 G-7 Carbis, UK Summit. There is growing realization that the global climate change crisis requires strengthened and expanded global cooperation with new, innovative and non-bureaucratic mechanisms for collaboration. The 2021 IPCC Report summarized that global surface temperature will continue to increase until at least the mid- century under all emissions' scenarios considered. "Global warming of 1.5 and 2°C will be exceeded during the 21st century unless deep reductions in CO2 and other greenhouse gas emissions occur in the coming decades.” The UNEP and IEA contends reducing anthropogenic methane emissions will help mitigate climate change and is a cost-effective proposition. The release of methane and micro-organisms from melting of permafrost needs to be better studied and understood., The confluence of increased heat, humidity, fine particulates air pollution, water contaminants and the COVID pandemic, will exacerbate health burdens. This will have serious consequences for human wellbeing, and cascading into national and global security. With climate change, therapeutics and vaccines will not work. The article provides a brief overview of the unprecedented climate related hurricanes, storms, floods and wildfires disasters occurring in all regions of the world. It highlights of some of the key effects, impacts and consequences with current policies and practices with regard to the energy-climate conundrum. There is an imperative to change course toward a decarbonized future. A number of systemic expeditious interventions are delineated. These include actions by all on:. The* fundamental need to change behavior;*afforestation, reforestation, rehabilitation of wetlands, mangroves, wastelands and coral reefs to restore ecosystem functions which would also create significant number of employment and livelihoods' opportunities;*retrofitting existing structures to be more energy efficient, incorporate increasing renewable energy, sustainability and resiliency criteria, – to "build back better” and provide jobs;*the life cycle of food and agriculture practices need to be systemically examined to reduce adverse impacts on climate, Energy, environment and health. There are difficulties and challenges. The commensurate opportunities and benefits of a decarbonized paradigm include clean and safe jobs;healthy quality of life;and a sustained and resilient future for current and future generations. © 2023 American Institute of Chemical Engineers.

La povertà energetica come privazione delle capacità

La pandemia da COVID-19 e l'attuale crisi energetica hanno portato all'attenzione dei policy maker la necessità di affrontare la povertà energetica. Per contrastare efficacemente la sua crescente diffusione, è fondamentale conoscere la sua entità e i suoi determinanti. La piena comprensione è stata però ostacolata dalla confusione terminologica tra fuel poverty ed energy poverty, nonché dal ricorso a indici unidimensionali. Dopo aver descritto i limiti degli approcci tradizionali, l'articolo sostiene come il capability approach di Sen rappresenti il quadro normativo più adeguato a valorizzare la natura multidimensionale della povertà energetica dal punto di vista teorico ed empirico.Alternate :The COVID-19 pandemic and the current energy crisis have brought to the attention of policymakers the need to tackle energy poverty. To effectively counter its growing diffusion, it is essential to know its extent and its determinants. However, the full understanding was hindered by the terminological confusion between fuel poverty and energy poverty, as well as by the use of unidimensional indexes. After describing the limits of traditional approaches, the paper argues that Sen's capability approach represents the most appropriate normative framework to enhance the multidimensional nature of energy poverty.

E-Government as a Key to the Economic Prosperity and Sustainable Development in the Post-COVID Era

Our paper focuses on the role of e-government in relation to economic development within the post-COVID era. Nowadays, e-government represents the service which utilizes digital technology to create electronic pathways to improve the efficiency of public services, increase economic prosperity, and improve the standard of living. In this paper, we argue that e-government presents the only proper and viable model for public administration in the 21st century by embedding internet-based technologies to ensure smooth interactions between the government and its citizens, solving the most socially important problems, enabling internal communication between public servants, and delivering public services to the entire population regardless of age or gender. In addition, we show that stakeholders and policymakers should foster the development of an adequate and non-discriminatory environment for e-government through regulatory frameworks, policy guidelines, and government guarantees. Our study is based on the results of our own survey that was administered using a snowball and quasi-random sample of 400 respondents (aged 19–26 years;56.2% females and 43.8% males) from the Czech Republic (N = 136) and the Russian Federation (N = 264), of whom 58% were women and 42% were men (M ± SD = 45.53 ± 11.46, median age 44). Our results show that the e-government enhancement concept has been perceived as an effective tool for fostering economic prosperity, tackling corruption, and helping to avoid uncertainty. Based on the theories of customer-focus and relationship marketing, this study suggests that the most significant factor influencing the success of e-government projects is citizen orientation, followed by channel and channel orientation, and technology orientation. We show that the governments of developing countries should prioritize e-government applications in their requests for international assistance and cooperation, as well as international financial support. Moreover, we argue that digital transformation should become the key element of the changing business and market needs in the post-COVID era.

An Evaluation of ASEAN Renewable Energy Path to Carbon Neutrality

Maintaining our standard of living and keeping the economy running smoothly is heavily reliant on a consistent supply of energy. Renewable energy systems create abundant energy by utilizing resources such as the sun, wind, earth, and plants. The demand for renewable energy is increasing, despite power scarcity, pollution, and climate change posing challenges to long-term development in the Association of Southeast Asian Nations (ASEAN), which has seen significant social and economic growth in recent years. To achieve its 23% renewable energy (RE) target, ASEAN can develop solar photovoltaic (PV) electricity. Members of the ASEAN have established regulations and incentives to encourage individuals and businesses to use renewable energy in the future. This paper explores Southeast Asian countries' comprehensive fossil-free energy options, the region's renewable energy potential, current capacity, goals, and energy needs. Through the ASEAN Plan of Action for Energy Cooperation (APAEC) 2016–2025 and the ASEAN Declaration on Renewable Energy, ASEAN is committed to reducing its greenhouse gas emissions and promoting sustainable development aligning with the Paris Agreement's aim to limit global warming to well below 2 degrees Celsius above pre-industrial levels. Results show that decarbonizing the region's energy system is possible, but current policies and actions must be altered to reach that target level. Further research is necessary to optimize the ASEAN region's renewable resource technical potential and commercial viability with available technology.

Presidential Policies' Effects on Oil and Gas Price and Productions Within the United States from 1977-2021

Amidst the ongoing COVID-19 pandemic, the contentious U.S. 2020 presidential election featured candidates with quite different stances on regulating the oil and gas industry, leaving many to question the longevity of fossil fuel use. However, little research explores the relationship between presidential policies and the oil market. In this paper, extensive research into presidential energy policies and their effects on domestic oil prices and production dating back to 1977 helps us identify whether we can predict the industry's future under Joe Biden's administration. The paper's results suggest the domestic oil industry is more dependent on external foreign events - with presidential policies offering almost negligible effects on prices and production.

Policy Analysis of Low-Carbon Energy Transition in Senegal Using a Multi-Criteria Decision Approach Based on Principal Component Analysis

Senegal has been investing in the development of its energy sector for decades. By using a novel multi-criteria decision analysis (MCDA) based on the principal component analysis (PCA) method, this paper develops an approach to determine the effectiveness of Senegal's policies in supporting low-carbon development. This was determined using six criteria (C1 to C6) and 17 policies selected from the review of Senegal's energy system. In order to determine the optimal weighting of the six criteria, a PCA is performed. In our approach, the best weighted factor is the normalized version of the best linear combination of the initial criteria with the maximum summarized information. Proper weighted factors are determined through the percentage of the information provided by the six criteria kept by the principal components. The percentage of information is statistically a fit of goodness of a principal component. The higher it is, the more statistically important the corresponding principal component is. Among the six principal components obtained, the first principal component (comp1) best summarizes the values of criteria C1 to C6 for each policy. It contains 81.15% of the information on energy policies presented by the six criteria and was used to rank the policies. Future research should take into account that when the number of criteria is high, the share of information explained by the first principal component could be lower (less than 50% of the total variance). In this case, the use of a single principal component would be detrimental to the analysis. For such cases, we recommend a higher dimensional visualization (using two or three components), or a new PCA should be performed on the principal components. This approach presented in our study can serve as an important benchmark for energy projects and policy evaluation.