Preliminary study on the global impact of sanctions on fossil energy trade: Based on complex network theory

Zheng, Shuxian; Zhou, Xuanru; Tan, Zhanglu; Zhang, Hua; Liu, Chan; Hao, Hongchang; Hu, He; Cai, Xiaomei; Yang, Hanshi; Luo, Wenbo

doi:10.1016/j.esd.2022.10.023

Cited by 21 publications

(4 citation statements)

References 67 publications

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“…First, several countries imposed sanctions in reaction on Russia, such as reducing energy imports. According to Zheng, Zhou [ 96 ], oil prices increased because of reduced Russian energy imports, and the additional gains for crude exporters amounted to billions. Oil-exporting countries, such as the KSA, will benefit from energy exports because they are rich in fossil energy and have close trade links with European countries.…”

Section: Discussionmentioning

confidence: 99%

Herding during different types of crises: The COVID-19 health crisis and Russia–Ukraine political crisis

Aljifri

2024

Heliyon

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Section: Discussionmentioning

confidence: 99%

Herding during different types of crises: The COVID-19 health crisis and Russia–Ukraine political crisis

Aljifri

2024

Heliyon

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“…Overall, while our study suggests that the embodied energy mix of GSC is greening, as climate mitigation is a global concern, we should further discuss whether a greener embodied energy mix will help carbon reduction. On the one hand, as the emission factor of renewable energy is lower than fossil fuel, a greener embodied energy mix will help reduce GHG emission [45] . On the other hand, as international trade leads to a separation between production and consumption, and the pace of energy transition varies across countries, countries with a greener energy mix tend not to be major participants in GSC (i.e., they are smaller players in global production and trade).…”

Section: Discussionmentioning

confidence: 99%

Is embodied renewable energy transfer greening the global supply chain?

Yang,

Chen,

Poon

et al. 2023

Preprint

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Energy underpins international trade, and a greener energy mix can contribute to cleaner global supply chains (GSCs). This paper examines how energy transition has influenced GSC greening through embodied renewable energy transfer. Specifically, we analyze the contribution of countries/regions and sectors to the greening process from 2011 to 2021. We find some evidence of GSC greening over the period as the ratio of renewable energy in total transferred energy increased from 4.2% to 7.6%. Emerging economies that have advanced rapidly in energy transition are gradually overtaking developed countries in their contribution to GSC greening. Sectors with a higher electrification rate are main contributors to GSC greening led by significant inter-sectoral spillovers from the heavy industry and business services. However, transfer of embodied renewable energy by high-income developed countries is concentrated in other high-income countries raising concerns of limited access by low-income developing countries and the amelioration of global energy welfare inequality.

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“…Due to the attack, the Russian government is subject to strict economic sanctions [69]. Nevertheless, Russia is a main energy supplier for the EU countries and, by a preliminary assessment, there is a large potential impact on the crude oil trade and a large direct loss for the natural gas trade, while coal trade has the least impact [70]. Other markets such as agricultural and metals were also affected by the intensification of the Russia-Ukraine conflict [71].…”

Section: Russia-ukraine Warmentioning

confidence: 99%

Sustainable Energy Planning in a New Situation

2023

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Energy is one of the most important aspects of urban development and technological advancements. As its production and consumption are connected to several environmental, social, and economic issues covering all three sustainability pillars, strategic and targeted energy planning is vital to the smooth transition towards a more efficient and greener society. In accordance with the specific priorities of every state, sustainable energy planning should also satisfy the international trends, requirements, and targets, including the global commitments for sustainable development. As of this time, energy transition with further deployment of renewable energy and energy efficiency improvement are the priorities for a sustainable future. However, due to recent global events, a new situation has been established. The COVID-19 pandemic and the ongoing war in Ukraine have caused new circumstances challenging the recognized approaches for an effective sustainable energy strategy. While the global pandemic led to a temporary reduction of energy use and created habits for further savings, the war caused energy security issues, especially for Europe, and an increase in energy prices. Moreover, both questioned the implementation of green energy strategies and policies and initiated energy poverty. In this framework, the perspectives of the criteria, on which the energy planning and the relevant research could lean, are investigated and discussed.

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Preliminary study on the global impact of sanctions on fossil energy trade: Based on complex network theory

Cited by 21 publications

References 67 publications

Herding during different types of crises: The COVID-19 health crisis and Russia–Ukraine political crisis

Herding during different types of crises: The COVID-19 health crisis and Russia–Ukraine political crisis

Is embodied renewable energy transfer greening the global supply chain?

Sustainable Energy Planning in a New Situation

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