Coal restructuring in Spain: Continuity and uncertainty?

Rabanal, Nuria G.

doi:10.1016/j.enpol.2009.05.052

Cited by 11 publications

(3 citation statements)

References 9 publications

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“…After the 1980s, the mining sector started to decline. The Spanish government made several plans to support mining regions that had lost their competitiveness in the international market [26]. The process of decarbonization in Spain started in the early 1990s.…”

Section: Decarbonization Of the Spanish Economymentioning

confidence: 99%

From Decarbonization to Depopulation: An Emerging Challenge for the Carbon-Intensive Regions under the Energy Transition in Spain

Garha

2022

Sustainability

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Since 1990, Spain has undergone a rapid decarbonization process focused on closing carbon-intensive facilities such as coal mines and coal-fired power plants and promoting renewable energy sources. These facilities have been the main source of income and employment in the regions where they were located, in addition to being a major source of carbon emissions. Their closure can have a huge impact on the socioeconomic and demographic composition of these carbon-intensive regions, damaging the social fabric and accelerating the process of depopulation. Based on a detailed analysis of policy documents and demographic data (from municipal registers and the 1991–2011 census), this article aims to: first identify and delineate the main carbon-intensive regions in Spain that are vulnerable to the negative impacts of the ongoing decarbonization process; second, examine the different policy responses and phases of the decarbonization process in Spain; and finally, examine the impact of the decarbonization process on the demographic (size, structure, and composition of the population) and socioeconomic configuration of the different carbon-intensive regions in Spain.

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Section: Decarbonization Of the Spanish Economymentioning

confidence: 99%

From Decarbonization to Depopulation: An Emerging Challenge for the Carbon-Intensive Regions under the Energy Transition in Spain

Garha

2022

Sustainability

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“…The issue of restructuring is complicated when it applies to an entire industry (Young and Matthews, 2007;Rabanal, 2009;Edenhoffer and Hayter, 2013b). In such cases, changes are introduced in enterprises as well as in the entire sector and, consequently, in the whole economy.…”

Section: Introductionmentioning

confidence: 99%

Challenges for long-term industry restructuring in the Upper Silesian Coal Basin: What has Polish coal mining achieved and failed from a twenty-year perspective?

Jonek-Kowalska

2015

Resources Policy

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“…The energy industry plays a crucial role in economies, as a number of key economic indicators are highly influenced by it [1]. Coal, which for many years was the major source of energy in the European Union (EU), lost its position due to environmental concerns [2]. The functioning of the energy sector in some EU countries, such as Poland, is still based on the usage of coal [3]; however, the demand for coal will surely deteriorate in the future [4].…”

Section: Introductionmentioning

confidence: 99%

The Impact of a New Accounting Standard on Assets, Liabilities and Leverage of Companies: Evidence from Energy Industry

2022

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The climate policy of the EU enforced substantial changes for producers and suppliers of energy. New assets and providers of capital are needed to fulfill the policy requirements. To provide comparability and facilitate an investment process, EU law requires companies to prepare annual financial statements according to International Financial Reporting Standards. One of these accounting standards—IFRS 16 Leases—specifies how to recognize, measure, present and disclose leases. It came into force in 2019 and implemented a single lessee accounting model, contrary to a dual accounting approach for lease accounting. The latter approach enabled companies to keep leased tangible assets and respective liabilities off-balance sheet. By using a sample of companies from the energy industry (oil, gas, energy and mining sectors) that are listed on the Warsaw Stock Exchange, we examine, measure, and analyze the impact of IFRS 16 Leases implementation on the value of assets, liabilities and leverage on assets and leverage on equity. The paper may serve as an insightful case study of how the implementation of a new standard influences the financial situation of the affected companies in the energy industry. Our paper contributes to the scientific debate in the following three ways: (1) we confirmed the influence of IFRS 16 Leases on assets, liabilities, leverage on assets and leverage on equity that was anticipated in the literature, (2) using the auditing methodology, we demonstrated the material changes of assets and liabilities in the energy industry, (3) based on the research results, we suggested recommendations for further scientific studies.

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Coal restructuring in Spain: Continuity and uncertainty?

Cited by 11 publications

References 9 publications

From Decarbonization to Depopulation: An Emerging Challenge for the Carbon-Intensive Regions under the Energy Transition in Spain

From Decarbonization to Depopulation: An Emerging Challenge for the Carbon-Intensive Regions under the Energy Transition in Spain

Challenges for long-term industry restructuring in the Upper Silesian Coal Basin: What has Polish coal mining achieved and failed from a twenty-year perspective?

The Impact of a New Accounting Standard on Assets, Liabilities and Leverage of Companies: Evidence from Energy Industry

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