Factors impacting investments in energy efficiency and clean technologies: empirical evidence from Slovenian manufacturing firms

Hrovatin, Nevenka; Dolšak, Nives; Zorić, Jelena

doi:10.1016/j.jclepro.2016.04.039

Cited by 96 publications

(87 citation statements)

References 39 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Firms' investments in energy efficiency are driven by internal financial resources [33,75], the historical rate of growth of industry earnings, and expected future earnings growth [18], as well as positive external economic prospects [86]. Nevertheless, the most important financial drivers include investment costs and payback time [41].…”

Section: Economic Driversmentioning

confidence: 99%

“…By sharing information firms can explore and exploit energy efficiency synergies [22]. Relevant cooperation partners include, for example, consultancy services from ESCOs [53,75], technology suppliers and installers [30], governmental energy efficiency programs [80], academia [84], and other members of multinational companies (MNCs) [33]. Cooperation is found to be particularly important in small and medium enterprises (SMEs), who often suffer from internal resources scarcity [82].…”

Section: Market Driversmentioning

confidence: 99%

“…Firms facing tough international competition and substantial energy costs are often more motivated to reduce production costs to a minimum and thus become more energy efficient [33,52,70]. This includes the growth ambitions of the firm [70].…”

Section: Market Driversmentioning

confidence: 99%

“…Demands from the owner are a strong driver for energy efficiency [91]. Particularly, studies conducted in countries with less developed economies show that the presence of foreign ownership [33,63] and foreign investments [64] has a statistically significant and positive impact on energy efficiency.…”

Section: Market Driversmentioning

confidence: 99%

“…Size is mainly measured as the number of employees, but also as the firm's revenue [70] and market share [33]. The majority of the studies state a positive relationship between size and energy efficiency, e.g., [33,63,70].…”

Section: Firm Sizementioning

confidence: 99%

See 4 more Smart Citations

Closing the Energy Efficiency Gap—A Systematic Review of Empirical Articles on Drivers to Energy Efficiency in Manufacturing Firms

Solnørdal

Foss

2018

Energies

View full text Add to dashboard Cite

Abstract:Research has identified an extensive potential for energy efficiency within the manufacturing sector, which is responsible for a substantial share of global energy consumption and greenhouse gas emissions. The purpose of this study is to enhance the knowledge of vital drivers for energy efficiency in this sector by providing a critical and systematic review of the empirical literature on drivers to energy efficiency in manufacturing firms at the firm level. The systematic literature review (SLR) is based on peer-reviewed articles published between 1998 and 2016. The findings reveal that organizational and economic drivers are, from the firms' perspective, the most prominent stimulus for energy efficiency and that they consider policy instruments and market drivers to be less important. Secondly, firm size has a positive effect on the firms' energy efficiency, while the literature is inconclusive considering sectorial impact. Third, the studies are mainly conducted in the US and Western European countries, despite the fact that future increase in energy demand is expected outside these regions. These findings imply a potential mismatch between energy policy-makers' and firm mangers' understanding of which factors are most important for achieving increased energy efficiency in manufacturing firms. Energy policies should target the stimulation of management, competence, and organizational structure in addition to the provision of economic incentives. Further understanding about which and how internal resources, organizational capabilities, and management practices impact energy efficiency in manufacturing firms is needed. Future energy efficiency scholars should advance our theoretical understanding of the relationship between energy efficiency improvements in firms, the related change processes, and the drivers that affect these processes.

show abstract

Section: Economic Driversmentioning

confidence: 99%

Section: Market Driversmentioning

confidence: 99%

Section: Market Driversmentioning

confidence: 99%

Section: Market Driversmentioning

confidence: 99%

Section: Firm Sizementioning

confidence: 99%

See 3 more Smart Citations

Closing the Energy Efficiency Gap—A Systematic Review of Empirical Articles on Drivers to Energy Efficiency in Manufacturing Firms

Solnørdal

Foss

2018

Energies

View full text Add to dashboard Cite

show abstract

Advancing Sustainable Energy: Exploring New Frontiers and Opportunities in the Green Transition

Soni,

Singh,

Mallick

et al. 2024

Advanced Sustainable Systems

View full text Add to dashboard Cite

The current global scenario underlines the urgency of addressing energy consumption and its environmental implications. Contemporary international strategies aim to foster public awareness and engagement in sustainable energy initiatives. The World Environment Protection Commission aspires to qualify for an equitable transition toward energy‐efficient technologies, strategic policies, and achieving net‐zero carbon emissions. The principal aspiration is to enhance community understanding of energy and environmental policies. Furthermore, a root cause analysis reveals that understanding the foundational factors, both internal and external, underpinning the attainment of these objectives is of paramount importance. This study investigates the comparative advantages of renewable energy over non‐renewable sources. It conducts a thorough analysis of various factors, encompassing energy sourcing, variables, challenges, technological progress, and the deployment of energy‐efficient systems. Utilizing a strategic approach and conducting pre‐ and post‐analysis data evaluations, it aims to promote the adoption of sustainable practices for a greener future. Emphasizing the importance of international cooperation and the effective implementation of policies, this research underscores the critical role of practical action in fostering energy sustainability and environmental preservation.

show abstract

Stakeholder pressures and corporate climate change mitigation strategies

Čadež

Czerny²,

Letmathe³

2018

Bus Strat Env

204

143

View full text Add to dashboard Cite

Climate change mitigation and its related reduction of greenhouse gas (GHG) emissions is one of the most important challenges facing society. The major cause of the problem and the key to its solution are GHG‐intensive firms that emit vast amounts of anthropogenic GHG emissions. The study reported herein aims to increase our understanding of the climate change mitigation strategies of these firms, in particular their antecedents and effects. A comprehensive conceptual model is proposed and tested empirically based on a survey of 247 firms that participated in the European Union's Emissions Trading Scheme in the first two trading periods. We find that market pressures for reducing GHG emissions, perceived GHG‐related regulatory uncertainty and environmental strategy focus are important determinants of corporate GHG reduction strategies which, in turn, enhance GHG‐related performance. We also show that the results vary depending on the type of emissions.

show abstract

Factors impacting investments in energy efficiency and clean technologies: empirical evidence from Slovenian manufacturing firms

Cited by 96 publications

References 39 publications

Closing the Energy Efficiency Gap—A Systematic Review of Empirical Articles on Drivers to Energy Efficiency in Manufacturing Firms

Closing the Energy Efficiency Gap—A Systematic Review of Empirical Articles on Drivers to Energy Efficiency in Manufacturing Firms

Advancing Sustainable Energy: Exploring New Frontiers and Opportunities in the Green Transition

Stakeholder pressures and corporate climate change mitigation strategies

Contact Info

Product

Resources

About