Abstract:Research background: This paper studies the impact of a new so-called green factor on the capitalization of petroleum companies, which is becoming highly relevant in view of the signing of the Paris agreements in 2015 and the support for clean energy. Although society, international organizations, and government authorities encourage companies to reduce their environmental impact, one of the main reasons for responsible behavior is still economic efficiency. The oil industry, on the one hand, faces one of the … Show more
“…Renewable energy can also be a factor in supporting economic growth. Environmentally friendly companies and institutions also receive a positive perception [45]. In the long run, there is a two-way relationship between economic growth and renewable energy consumption [46,47].…”
Section: Renewable Energy Sources In Literature and Eu Directivesmentioning
The policy related to the use of renewable sources is a key element of the energy policy executed in the European Union (EU). One of the targets set for 2050 is to increase the share of electricity in energy consumption to 50%, and 80% of electricity is to be generated from low-carbon sources. In recent years, the EU economies have significantly modified their electricity production, which raises the question of the scale of these changes. The aim of the presented analysis is to assess changes in the use of renewable sources for electricity production in the EU countries in 2005–2019. Gini coefficient and k-mean are applied in the analysis. The conducted research shows that EU countries, in line with the energy policy assumptions, have both increased the share of renewable sources in energy production, especially in electricity production, as well as increased the diversity of used renewable sources. The results also indicate a vast diversity in terms of the use of such sources for the production of renewable electricity in the EU. This indicates that the energy transition is being implemented by EU countries with individual country-level approaches. Nonetheless, a variety of the EU’s both support and restrictive measures are of considerable importance for the ongoing energy transition.
“…Renewable energy can also be a factor in supporting economic growth. Environmentally friendly companies and institutions also receive a positive perception [45]. In the long run, there is a two-way relationship between economic growth and renewable energy consumption [46,47].…”
Section: Renewable Energy Sources In Literature and Eu Directivesmentioning
The policy related to the use of renewable sources is a key element of the energy policy executed in the European Union (EU). One of the targets set for 2050 is to increase the share of electricity in energy consumption to 50%, and 80% of electricity is to be generated from low-carbon sources. In recent years, the EU economies have significantly modified their electricity production, which raises the question of the scale of these changes. The aim of the presented analysis is to assess changes in the use of renewable sources for electricity production in the EU countries in 2005–2019. Gini coefficient and k-mean are applied in the analysis. The conducted research shows that EU countries, in line with the energy policy assumptions, have both increased the share of renewable sources in energy production, especially in electricity production, as well as increased the diversity of used renewable sources. The results also indicate a vast diversity in terms of the use of such sources for the production of renewable electricity in the EU. This indicates that the energy transition is being implemented by EU countries with individual country-level approaches. Nonetheless, a variety of the EU’s both support and restrictive measures are of considerable importance for the ongoing energy transition.
“…Undoubtedly, the globalization processes have led to systematic socio-economic development in most world economies, combined with a significant increase in the level of innovation, the level of investment outlays and the level of foreign direct investment [9][10][11][12][13][14][15][16]. Globalization processes have also contributed to the emergence of new lifestyles and consumption styles [17][18][19][20], which together with the increase in the wealth of the society and the level of innovation in enterprises contributed to the creation of the renewable energy (RE) sector, which is one of the fastest developing branches of the world economy [21][22][23][24][25]. Currently, there is a systematic increase in the RE sector in terms of production and research, which results in the increase of efficiency in sourcing RE and the decrease in the prices of RE sector installations, which simultaneously contributes to its further development.…”
The topic of the article considers the functioning of the renewable energy (RE) sector in Poland. This is really important in the context of the energy transition of the national economy because it influences the creation of modern technologies and increases the competitiveness and innovation of the country. Poland is in a process of energy transition where the RE sector has been developing for two decades. The authors aimed to research the RE sector improvement possibilities in Poland, including the influence of this sector on chosen social and economic aspects. Because of this research’s aim a critical situation assessment of RE in Poland was conducted and a survey of a group of experts in this field was also involved. Legal, physical and mental determinants and their influence on RE sector were looked into. In the legal determinant context a necessity to simplify relevant legislation acts in Poland was found. Undoubtedly there is a need to improve several legal acts, including the Distance Act. In physical determinants it was found that solar, wind and biomass energy have the biggest chances for development. In the case of mental determinants the authors paid attention to the need of educating the public about using and obtaining energy. It is also important to make people aware how the RE sector influences the low emission economy positively. This will improve the creation of new jobs and reduce the emissions of harmful substances to the environment.
“…Following the technology defined by the GOST standard as the best, a technical and economic plan for reclamation work was drawn up. The calculations were made using the Excel software package based on the analysis of literature [4][5][6][7][8] and legislative standards for remediation. The following are the results of calculations for the project.…”
In this work, an economic assessment of environmental damage to water and land resources is calculated, and the cost of a project for the reclamation of destroyed lands within the territory of the Komsomolsk gold recovery plant is determined. The object of the study is directly the territory of the enterprise, which is located in the Tisulsky municipal district of the Kemerovo region. According to our calculations, the total assessment of environmental damage from the plant’s activities amounted to 458 million rubles, of which: 294 million rubles – accumulated environmental damage from water pollution; 164 million rubles – accumulated environmental damage from soil pollution in the surrounding area. The cost estimate of the destroyed land reclamation project amounted to 716.7 million rubles. At the same time, income from the sale of equipment and gold mined in the territory of the tailing dump reaches 3916 million rubles.
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