Impact of technological innovation on energy efficiency in industry 4.0 era: Moderation of shadow economy in sustainable development

Chen, Maozhi; Sinha, Avik; Hu, Kexiang; Shah, Muhammad Ibrahim

doi:10.1016/j.techfore.2020.120521

Cited by 262 publications

(105 citation statements)

References 57 publications

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“…The EKC hypothesis also considers the role of additional factors such as natural resources, globalization, and energy innovations or demographic changes, i.e., the ageing population (Dooley 1998). Current studies have considered that energy innovation is the main key driver behind the decline in global warming and assurance of sustainable economic growth (Balsalobre and Álvarez 2016, Álvarez et al 2017, Chen et al 2021. Torras and Boyce (1998) demonstrated that energy innovations improve environmental quality, thereby attributing technical effect as the central feature in plummeting ambient pollution (Aghion et al 2014).…”

Section: Energy and Environmental Degradationmentioning

confidence: 99%

Assessing the impacts of ageing and natural resource extraction on carbon emissions: A proposed policy framework for European economies

Balsalobre‐Lorente

Sinha²,

Driha

et al. 2021

Journal of Cleaner Production

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144

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Given the rise in ageing population and rising globalization, the European nations are facing difficulties in encountering the climate action and ascertaining energy security. For diffusing the energy innovations and curtailing natural resource extraction, with an objective of reducing carbon emissions, the existing policy framework in these nations might need a reorientation, and there comes the role of the study. This study recommends a policy framework for exploring the effect of natural resource extraction and age dependence on carbon emissions in top-5 European countries (EU-5) for the period of 1990-2017. By applying the Second Generation Panel Modeling approach, the empirical results indicate that the associations of carbon emissions with natural resource extraction, globalization index, and economic growth and ageing population follow an inverted U-shaped relationship, in keeping with the framework of Environmental Kuznets Curve (EKC) hypothesis. Based on the findings of the study, a multipronged Sustainable Development Goal (SDG) framework has been designed, and through this framework, SDG 7, SDG 13, and thereafter SDG 8 have been evaluated. While these three SDGs are the central focus of the study, the SDG framework has also suggested a way to evaluate several tangential SDGs.

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Section: Energy and Environmental Degradationmentioning

confidence: 99%

Assessing the impacts of ageing and natural resource extraction on carbon emissions: A proposed policy framework for European economies

Balsalobre‐Lorente

Sinha²,

Driha

et al. 2021

Journal of Cleaner Production

Self Cite

144

View full text Add to dashboard Cite

show abstract

“…In addition, it leads to company internal innovations and improved competitiveness [97]. While it is well researched at the level of a company or a state [98,99] it has not yet been investigated at a regional economy level. Energy security and energy efficiency goals at a national level are determined by the strategic interest of a country [84].…”

Section: Innovation In the Energy Sector In Russiamentioning

confidence: 99%

“…The share of enterprises/companies that undertook technological and organizational innovations in the reporting year of the total number of organizations surveyed was our second indicator representing the introduction of innovation stage (Y2). In this research, we used the open data of the Russian Federal State Agency Russian Export Center [98] on high-tech exports (it does not include raw materials and energy) to calculate the following:…”

Section: Innovation Indicatorsmentioning

confidence: 99%

Driving Innovation through Energy Efficiency: A Russian Regional Analysis

et al. 2021

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Recent literature on energy efficiency focuses on the issues of energy security and options for reducing energy consumption. Measuring energy efficiency properly and forecasting future needs is critical to the energy policies of any country, especially given the importance of sustainability in their economic development. The role innovation plays in improving energy efficiency is well researched. There is a gap in examining an opposite relationship. That is, where energy efficiency becomes a critical factor for fueling innovation. This impact can occur within a company, a region, a nation or on an international level. Here we show that regions could motivate business innovations through policies requiring energy efficiency. Based on observations from a number of regions of an emerging economy, we show that energy efficiency impacts innovation. As a side effect it can contribute to export increases, which in turn can improve regional attractiveness for investors. We believe that the spiral development of the relationship between energy efficiency and innovation used as a strategy could become sustainable.

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“…The development of energy is also relevant in the context of the Fourth Industrial Revolution (Industry 4.0), as evidenced by the work [7]. Among scientists, technological innovations in energy supply systems based on the principles of sustainable development deserve attention [8]. By the way, researchers have identified the role of Industry 4.0 in ensuring sustainability [9].…”

Section: Issn 2664-9969mentioning

confidence: 99%

Development of methodological foundations for the development of energy in Industry 4.0 in part of game theory and blockchain

Voitko

Trofymenko

2021

TAPR

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The object of research is the implementation of the principles of Industry 4.0, in particular game theory and blockchain, for the development of energy. One of the obstacles to development is the problem of energy supply in modern economic conditions in terms of achieving sustainable development goals. In the course of the research, a systematic approach to the critical analysis of scientific sources of information related to the development of the energy sector, in particular renewable energy, was used. The scientific result of the systemic interaction of distributed generating devices with «smart» consumers using the principles of Industry 4.0 has been obtained. These principles make it possible to increase the level of efficiency of the power system, to reduce the total cost of operating the power system. And also to reduce power losses, improve network performance while reducing CO2 emissions and negative impact on the environment. The possibility of implementing the provisions of Industry 4.0 as a prerequisite for an economical supply of energy is given. The research methodology is proposed based on a critical analysis of the sphere of economics and management in the energy sector in the period 2011–2021. The possibility of using the Vehicle-to-Grid concept based on Industry 4.0 as a component of the energy system is considered. Due to this, a method for managing the sale of electricity is proposed, based on game theory, and taking into account the autonomous response to demand and the interaction of distributed generation in smart power distribution systems using non-cooperative games. The authors have identified the possibilities of energy blockchain technology in terms of efficient energy supply and transformation of commercial relations in the energy market. Focuses on blockchain for energy as part of ensuring energy sustainability, providing opportunities for the development of renewable energy sources. A list of breakthrough energy technologies for the last 5 years has been highlighted with the aim of their implementation to improve the levels of quality and safety of human life. In particular, according to the Massachusetts Institute of Technology, there are 7 technologies out of 50 investigated, directly related to energy, moreover, the overwhelming majority of these technologies are related to renewable energy.

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Impact of technological innovation on energy efficiency in industry 4.0 era: Moderation of shadow economy in sustainable development

Cited by 262 publications

References 57 publications

Assessing the impacts of ageing and natural resource extraction on carbon emissions: A proposed policy framework for European economies

Assessing the impacts of ageing and natural resource extraction on carbon emissions: A proposed policy framework for European economies

Driving Innovation through Energy Efficiency: A Russian Regional Analysis

Development of methodological foundations for the development of energy in Industry 4.0 in part of game theory and blockchain

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