This study aimed to evaluate the components of a fintech ecosystem for distributed energy investments.A new decision-making model was created using multiple stepwise weight assessment ratio analysis and elimination an...This study aimed to evaluate the components of a fintech ecosystem for distributed energy investments.A new decision-making model was created using multiple stepwise weight assessment ratio analysis and elimination and choice translating reality techniques based on quantum spherical fuzzy sets.First,in this model,the criteria for distributed energy investment necessities were weighted.Second,we ranked the components of the fintech ecosystem for distributed energy investments.The main contribution of this study is that appropriate strategies can be presented to design effective fintech ecosystems to increase distributed energy investments,by considering an original fuzzy decision-making model.Capacity is the most critical issue with respect to distributed energy investment necessities because it has the greatest weight(0.261).Pricing is another significant factor for this condition,with a weight of 0.254.Results of the ranking of the components of the fintech ecosystem indicate that end users are of the greatest importance for the effectiveness of this system.It is necessary to develop new techniques for the energy storage process,especially with technological developments,to prevent disruptions in energy production capacity.In addition,customers’expectations should be considered for the development of effective and user-friendly financial products that are preferred by a wider audience.This would have a positive effect on fintech ecosystem performance.展开更多
This study aims to evaluate the crowdfunding alternatives regarding new service development process pathways of clean energy investment projects.In this framework,a new model has been generated by considering the cons...This study aims to evaluate the crowdfunding alternatives regarding new service development process pathways of clean energy investment projects.In this framework,a new model has been generated by considering the consensus-based group decisionmaking with incomplete preferences,Pythagorean fuzzy decision-making trial and evaluation laboratory(DEMATEL)and technique for order preference by similarity to ideal solution(TOPSIS).Moreover,a comparative evaluation has been performed with Vise Kriterijumska Optimizacija I.Kompromisno Resenje methodology and sensitivity analysis has been made by considering 4 different cases.The main contribution is to identify appropriate crowdfunding-based funding alternatives for the improvement of the clean energy investments with a novel MCDM model.By considering the iteration technique and consensus-based analysis,the missing parts in the evaluations can be completed and opposite opinion problems can be reduced.Furthermore,with the help of hybrid MCDM model by combining DEMATEL and TOPSIS,more objective results can be reached.It is concluded that the analysis results are coherent and reliable.The findings indicate that the full launch is the most significant criterion for equity and debt-based crowdfunding alternatives.On the other side,the analysis has the highest weight for reward and donation-based alternatives whereas design is the most essential item regarding the royalty-based alternative.Additionally,it is also defined that equity-based crowdfunding alternative is the most significant for the service development process of clean energy investment projects.In this way,it will be possible to provide a continuous resource for clean energy investment projects.On the other hand,by providing financing with equity,there will be no fixed financing cost for clean energy investors.If these investors make a profit,they distribute dividends with the decision of their authorized bodies.展开更多
The purpose of this study is to provide a hybrid group decision-making approach to evaluate fintech-based financial alternatives for green energy investment projects.First,the multidimensional factors of due diligence...The purpose of this study is to provide a hybrid group decision-making approach to evaluate fintech-based financial alternatives for green energy investment projects.First,the multidimensional factors of due diligence for fintech-based financing alternatives of green energy investment projects are identified.In this regard,the balanced scorecard perspectives are considered.Next,consensus-based group decision-making analysis is performed.Second,impact-relation directions for fintech-based financing alternatives of green energy investment projects are defined.For this purpose,the spherical fuzzy Decision-Making Trial and Evaluation Laboratory(DEMATEL)methodology is applied.The novelty of this study is its proposal of a new outlook to due diligence of fintech-project financing for renewable energy investments by using the group and integrated decision-making approaches with spherical fuzzy DEMATEL.The findings indicate that customer expectations are the most essential factor for the revenue sharing and rewarding models.Additionally,this study identified that organizational competency plays the most important role with respect to the peer-to-business debt model.In contrast,the conclusion was reached that financial returns have the greatest importance for the equity sharing model.展开更多
This paper explores the incentives of investment in renewable energy of two utility firms who compete or cooperate under either a cap-and-trade grandfathering mechanism(GM)or benchmarking mechanism(BM).We find that ut...This paper explores the incentives of investment in renewable energy of two utility firms who compete or cooperate under either a cap-and-trade grandfathering mechanism(GM)or benchmarking mechanism(BM).We find that utility firms will invest in renewable energy more under BM than under GM,in both competitive and cooperative markets,and they will invest more in a competitive market than in a cooperative market,under either GM or BM.Furthermore,utility firms will produce more electricity and generate more total carbon emissions under BM than under GM.The profits of two firms,however,are higher in cooperative market than in competitive market.The government will benefit from implementing a BM to encourage utility firms to invest in renewable energy in a competing market.展开更多
Investment and construction of power infrastructure are directly related to the achievement of sustainable development goals.China's trade and investment with BRI(Belt and Road Initiative)countries have maintained...Investment and construction of power infrastructure are directly related to the achievement of sustainable development goals.China's trade and investment with BRI(Belt and Road Initiative)countries have maintained growth trend.The development and construction of these investment projects certainly have impacts on the economic development mode and sustainable development goals of the countries.On collecting the basic information of the renewable energy investment projects,this paper compares and calculates the current power technology structure and grid emission factors of the host countries,and analyses the carbon emission level of electricity generation from the perspective of the whole life cycle.Making it as the benchmark,this paper also analyzes the current China's invested wind and solar energy projects and the carbon emission reduction benefits to the host country.The results show that at present,China has about 36 renewable energy investment projects in BRI countries,with an installed capacity of 15.75GW(China as the project owner or investor),and achieve at least 48.69M tCO2 emission reduction.This shows that China's effective investment and implementation of the green projects will provide a strong impetus for the energy transformation and the improvement of their energy security in BRI countries.展开更多
China encourages private capital entering the energy sector as part of the efforts to promote the sector’s market-oriented reform.The reform is expected to'give full play to the fundamental role of the market in ...China encourages private capital entering the energy sector as part of the efforts to promote the sector’s market-oriented reform.The reform is expected to'give full play to the fundamental role of the market in allocating resources',according to the white paper on China’s energy policy released recently by the Information Office of the State Council.展开更多
This paper presents an overview of sustainable energy investment potential in the Egyptian Residential Building sector. It demonstrates an analysis of the problems that faces the residential sector, house hold consump...This paper presents an overview of sustainable energy investment potential in the Egyptian Residential Building sector. It demonstrates an analysis of the problems that faces the residential sector, house hold consumption and overview of the building construction, energy and renovation. The paper summaries the Egyptian EE (energy efficiency) policies and measures and the possibility to uses and finance that face EE and RE (renewable energy) policies to overcome the Barriers to enhance the Egyptian economy specially in the residential sector.展开更多
The growth of fixed assets investment in China soared to a high record in the first quarter of 2004 after gross domestic product (GDP) bounced substantially in 2003. A bubble is emerging posing threats to Chinese ec...The growth of fixed assets investment in China soared to a high record in the first quarter of 2004 after gross domestic product (GDP) bounced substantially in 2003. A bubble is emerging posing threats to Chinese economic development. In order to cool down the overheated investment, Chinese government should promptly take effective measures in macroeconomic control to limit or guide the red-hot investment in some sectors and slow down its growth, thus implements the changes from administrative-driven investment to enterprise-driven investment and from investment-driven economic growth to consumption-driven growth.展开更多
China is in a critical period of transforming from the oil and gas era to the renewable energy era.To better understand the process of energy interaction between China and the rest of the world,this study aimed to inv...China is in a critical period of transforming from the oil and gas era to the renewable energy era.To better understand the process of energy interaction between China and the rest of the world,this study aimed to investigate the basic theoretical cognition of global energy interaction and analyze the pattern and changes of energy interaction between China and the rest of the world with the method of complex networks,multi-region input-output analysis,and other technical methods.The main findings are as follows:(1)Chinas coal-based energy production structure and the huge demand for oil and gas indicate that ensuring overseas oil and gas supply is the most direct logic of energy interaction between China and the rest of the world,and the interaction scopes are mainly concentrated in oil-and gas-rich countries and regions.(2)With the development of renewable energy,the logic of energy interaction of China with the rest of the world has changed from countries and regions rich in oil and gas to countries with global renewable energy development and installation needs for its comparative advantages for manufacturing,which forms a renewable energy trade map that covers all major countries and regions in the world.(3)The overseas energy investment target of China has expanded from a limited number of host countries to Europe,Southeast Asia,and other countries and regions.The investment business is not only limited to the oil and gas field,but also expanded to solar energy,wind energy,hydro-power,and other renewable electricity generation projects.(4)As a global manufacturing and trading power,part of the energy consumed by China is embodied in the global production network and trade network for redistribution.The scope of energy interactions between China and the world will further expand to countries with general commodity trade relations with China,forming the global“energy hub”function.This study can provide a theoretical perspective and decision-making for a deeper understanding of the energy interactions between China and the world,maintaining national energy security,and participating in global energy economic governance.展开更多
Effective crowdfunding platforms positively contribute toward improving micro-grid energy management systems.Therefore,a comprehensive analysis is required to understand the key factors responsible for success in crow...Effective crowdfunding platforms positively contribute toward improving micro-grid energy management systems.Therefore,a comprehensive analysis is required to understand the key factors responsible for success in crowdfunding systems by considering various criteria.This study evaluates crowdfunding platforms for microgrid project investments.In this context,a novel fuzzy decision-making model that includes two different stages is proposed.First,the selected criteria for the crowdfunding platforms for microgrid project investments are evaluated.Second,alternatives,regarding the microgrid project investments,are ranked.In this process,a multi-stepwise weight assessment ratio analysis(M-SWARA)approach based on q-rung orthopair fuzzy sets(q-ROFSs)is considered.Intuitionistic and Pythagorean fuzzy sets are also used in the calculation process to make a comparative evaluation.Similarly,a sensitivity analysis of the ranking alternatives is also conducted with 12 different q values.All the results are rather similar;thus,the findings are reliable.Another model is also created for this purpose with the help of the decision-making trial and evaluation laboratory(DEMA-TEL)and the technique for order preference by similarity to ideal solution methodologies to check the performance of the proposed model.It is defined that by considering the q-ROF DEMATEL weights,the ranking results vary for different cases.The proposed model with a M-SWARA is more reliable than the model created via the DEMATEL method.This situation provides information regarding the superiority of the model proposed in this study.It is concluded that security is the most important factor in crowdfunding platforms for smart-grid project investors.Additionally,solar panels and energy storage systems/batteries are the most significant alternatives for microgrid project investors.Necessary measures should be taken to forestall the risk of fraud that may occur on this platform.Therefore,the website to be established must be secure against possible hacking attacks.Another important conclusion of this study is that solar panels should be preliminarily developed to increase the effectiveness of microgrid systems.展开更多
While there is a proliferation of studies on China’s Belt and Road Initiative(BRI),there is a gap in the literature in terms of an exploration of the costs and benefits from the perspective of the energy sector,in bo...While there is a proliferation of studies on China’s Belt and Road Initiative(BRI),there is a gap in the literature in terms of an exploration of the costs and benefits from the perspective of the energy sector,in both the areas of sectoral development and energy transition.This paper uses Australia as a case study.The paper is the first to quantify the impact of the BRI in the energy sector,and the analysis informs the current debates on the BRI in Australia.We find that energy cooperation under the BRI enhances the performance of energy companies,but the Chinese energy investment in Australia faces mounting challenges.We suggest some areas for cooperation and such cooperation could be extended to third countries.Amid the increasing trade and political tensions,the two countries need continued,level-headed discussions and debates about the potential cooperation areas at all levels.展开更多
文摘This study aimed to evaluate the components of a fintech ecosystem for distributed energy investments.A new decision-making model was created using multiple stepwise weight assessment ratio analysis and elimination and choice translating reality techniques based on quantum spherical fuzzy sets.First,in this model,the criteria for distributed energy investment necessities were weighted.Second,we ranked the components of the fintech ecosystem for distributed energy investments.The main contribution of this study is that appropriate strategies can be presented to design effective fintech ecosystems to increase distributed energy investments,by considering an original fuzzy decision-making model.Capacity is the most critical issue with respect to distributed energy investment necessities because it has the greatest weight(0.261).Pricing is another significant factor for this condition,with a weight of 0.254.Results of the ranking of the components of the fintech ecosystem indicate that end users are of the greatest importance for the effectiveness of this system.It is necessary to develop new techniques for the energy storage process,especially with technological developments,to prevent disruptions in energy production capacity.In addition,customers’expectations should be considered for the development of effective and user-friendly financial products that are preferred by a wider audience.This would have a positive effect on fintech ecosystem performance.
基金This work is supported by the project of Sichuan county economic development research center of Sichuan provincial key research base of social sciences,"research on the coordination mechanism of county economic,ecological and social coupling development of giant panda national park"(xy2020034)the social science special research project of Sichuan agricultural university"research on innovation of modern urban agricultural development mode"(035/03571600).
文摘This study aims to evaluate the crowdfunding alternatives regarding new service development process pathways of clean energy investment projects.In this framework,a new model has been generated by considering the consensus-based group decisionmaking with incomplete preferences,Pythagorean fuzzy decision-making trial and evaluation laboratory(DEMATEL)and technique for order preference by similarity to ideal solution(TOPSIS).Moreover,a comparative evaluation has been performed with Vise Kriterijumska Optimizacija I.Kompromisno Resenje methodology and sensitivity analysis has been made by considering 4 different cases.The main contribution is to identify appropriate crowdfunding-based funding alternatives for the improvement of the clean energy investments with a novel MCDM model.By considering the iteration technique and consensus-based analysis,the missing parts in the evaluations can be completed and opposite opinion problems can be reduced.Furthermore,with the help of hybrid MCDM model by combining DEMATEL and TOPSIS,more objective results can be reached.It is concluded that the analysis results are coherent and reliable.The findings indicate that the full launch is the most significant criterion for equity and debt-based crowdfunding alternatives.On the other side,the analysis has the highest weight for reward and donation-based alternatives whereas design is the most essential item regarding the royalty-based alternative.Additionally,it is also defined that equity-based crowdfunding alternative is the most significant for the service development process of clean energy investment projects.In this way,it will be possible to provide a continuous resource for clean energy investment projects.On the other hand,by providing financing with equity,there will be no fixed financing cost for clean energy investors.If these investors make a profit,they distribute dividends with the decision of their authorized bodies.
基金sponsored by the Philosophy and Social Science Planning Project of Guangdong Province(Grant No.GD20YGL12)Basic and Applied Basic Project of Guangzhou City(Grant No.202102020629)+1 种基金Philosophy and Social Science Planning Project of Guangzhou City(Grant No.2021GZGJ48)National Natural Science Foundation of China(Grant No.71771058).
文摘The purpose of this study is to provide a hybrid group decision-making approach to evaluate fintech-based financial alternatives for green energy investment projects.First,the multidimensional factors of due diligence for fintech-based financing alternatives of green energy investment projects are identified.In this regard,the balanced scorecard perspectives are considered.Next,consensus-based group decision-making analysis is performed.Second,impact-relation directions for fintech-based financing alternatives of green energy investment projects are defined.For this purpose,the spherical fuzzy Decision-Making Trial and Evaluation Laboratory(DEMATEL)methodology is applied.The novelty of this study is its proposal of a new outlook to due diligence of fintech-project financing for renewable energy investments by using the group and integrated decision-making approaches with spherical fuzzy DEMATEL.The findings indicate that customer expectations are the most essential factor for the revenue sharing and rewarding models.Additionally,this study identified that organizational competency plays the most important role with respect to the peer-to-business debt model.In contrast,the conclusion was reached that financial returns have the greatest importance for the equity sharing model.
基金support from the National Natural Science Foundation of China(Grant No.71531003)Philosophy and Social Science Research Fund of Chengdu University of Technology(YJ2021-QN005)Center for Trans-Himalaya Studies(KX2022B01)。
文摘This paper explores the incentives of investment in renewable energy of two utility firms who compete or cooperate under either a cap-and-trade grandfathering mechanism(GM)or benchmarking mechanism(BM).We find that utility firms will invest in renewable energy more under BM than under GM,in both competitive and cooperative markets,and they will invest more in a competitive market than in a cooperative market,under either GM or BM.Furthermore,utility firms will produce more electricity and generate more total carbon emissions under BM than under GM.The profits of two firms,however,are higher in cooperative market than in competitive market.The government will benefit from implementing a BM to encourage utility firms to invest in renewable energy in a competing market.
基金This work was supported by the National Key Research and Development Program of China[No.2018YFA0606503].
文摘Investment and construction of power infrastructure are directly related to the achievement of sustainable development goals.China's trade and investment with BRI(Belt and Road Initiative)countries have maintained growth trend.The development and construction of these investment projects certainly have impacts on the economic development mode and sustainable development goals of the countries.On collecting the basic information of the renewable energy investment projects,this paper compares and calculates the current power technology structure and grid emission factors of the host countries,and analyses the carbon emission level of electricity generation from the perspective of the whole life cycle.Making it as the benchmark,this paper also analyzes the current China's invested wind and solar energy projects and the carbon emission reduction benefits to the host country.The results show that at present,China has about 36 renewable energy investment projects in BRI countries,with an installed capacity of 15.75GW(China as the project owner or investor),and achieve at least 48.69M tCO2 emission reduction.This shows that China's effective investment and implementation of the green projects will provide a strong impetus for the energy transformation and the improvement of their energy security in BRI countries.
文摘China encourages private capital entering the energy sector as part of the efforts to promote the sector’s market-oriented reform.The reform is expected to'give full play to the fundamental role of the market in allocating resources',according to the white paper on China’s energy policy released recently by the Information Office of the State Council.
文摘This paper presents an overview of sustainable energy investment potential in the Egyptian Residential Building sector. It demonstrates an analysis of the problems that faces the residential sector, house hold consumption and overview of the building construction, energy and renovation. The paper summaries the Egyptian EE (energy efficiency) policies and measures and the possibility to uses and finance that face EE and RE (renewable energy) policies to overcome the Barriers to enhance the Egyptian economy specially in the residential sector.
文摘The growth of fixed assets investment in China soared to a high record in the first quarter of 2004 after gross domestic product (GDP) bounced substantially in 2003. A bubble is emerging posing threats to Chinese economic development. In order to cool down the overheated investment, Chinese government should promptly take effective measures in macroeconomic control to limit or guide the red-hot investment in some sectors and slow down its growth, thus implements the changes from administrative-driven investment to enterprise-driven investment and from investment-driven economic growth to consumption-driven growth.
基金National Natural Science Foundation of China(42022007)National Natural Science Foundation of China(41871118)Youth Innovation Promotion Association,Chinese Academy of Sciences(2018069)。
文摘China is in a critical period of transforming from the oil and gas era to the renewable energy era.To better understand the process of energy interaction between China and the rest of the world,this study aimed to investigate the basic theoretical cognition of global energy interaction and analyze the pattern and changes of energy interaction between China and the rest of the world with the method of complex networks,multi-region input-output analysis,and other technical methods.The main findings are as follows:(1)Chinas coal-based energy production structure and the huge demand for oil and gas indicate that ensuring overseas oil and gas supply is the most direct logic of energy interaction between China and the rest of the world,and the interaction scopes are mainly concentrated in oil-and gas-rich countries and regions.(2)With the development of renewable energy,the logic of energy interaction of China with the rest of the world has changed from countries and regions rich in oil and gas to countries with global renewable energy development and installation needs for its comparative advantages for manufacturing,which forms a renewable energy trade map that covers all major countries and regions in the world.(3)The overseas energy investment target of China has expanded from a limited number of host countries to Europe,Southeast Asia,and other countries and regions.The investment business is not only limited to the oil and gas field,but also expanded to solar energy,wind energy,hydro-power,and other renewable electricity generation projects.(4)As a global manufacturing and trading power,part of the energy consumed by China is embodied in the global production network and trade network for redistribution.The scope of energy interactions between China and the world will further expand to countries with general commodity trade relations with China,forming the global“energy hub”function.This study can provide a theoretical perspective and decision-making for a deeper understanding of the energy interactions between China and the world,maintaining national energy security,and participating in global energy economic governance.
文摘Effective crowdfunding platforms positively contribute toward improving micro-grid energy management systems.Therefore,a comprehensive analysis is required to understand the key factors responsible for success in crowdfunding systems by considering various criteria.This study evaluates crowdfunding platforms for microgrid project investments.In this context,a novel fuzzy decision-making model that includes two different stages is proposed.First,the selected criteria for the crowdfunding platforms for microgrid project investments are evaluated.Second,alternatives,regarding the microgrid project investments,are ranked.In this process,a multi-stepwise weight assessment ratio analysis(M-SWARA)approach based on q-rung orthopair fuzzy sets(q-ROFSs)is considered.Intuitionistic and Pythagorean fuzzy sets are also used in the calculation process to make a comparative evaluation.Similarly,a sensitivity analysis of the ranking alternatives is also conducted with 12 different q values.All the results are rather similar;thus,the findings are reliable.Another model is also created for this purpose with the help of the decision-making trial and evaluation laboratory(DEMA-TEL)and the technique for order preference by similarity to ideal solution methodologies to check the performance of the proposed model.It is defined that by considering the q-ROF DEMATEL weights,the ranking results vary for different cases.The proposed model with a M-SWARA is more reliable than the model created via the DEMATEL method.This situation provides information regarding the superiority of the model proposed in this study.It is concluded that security is the most important factor in crowdfunding platforms for smart-grid project investors.Additionally,solar panels and energy storage systems/batteries are the most significant alternatives for microgrid project investors.Necessary measures should be taken to forestall the risk of fraud that may occur on this platform.Therefore,the website to be established must be secure against possible hacking attacks.Another important conclusion of this study is that solar panels should be preliminarily developed to increase the effectiveness of microgrid systems.
基金the National Social Science Foundation of China[Grant Nos.18VDL009,18BGJ024,and 17VDL001].
文摘While there is a proliferation of studies on China’s Belt and Road Initiative(BRI),there is a gap in the literature in terms of an exploration of the costs and benefits from the perspective of the energy sector,in both the areas of sectoral development and energy transition.This paper uses Australia as a case study.The paper is the first to quantify the impact of the BRI in the energy sector,and the analysis informs the current debates on the BRI in Australia.We find that energy cooperation under the BRI enhances the performance of energy companies,but the Chinese energy investment in Australia faces mounting challenges.We suggest some areas for cooperation and such cooperation could be extended to third countries.Amid the increasing trade and political tensions,the two countries need continued,level-headed discussions and debates about the potential cooperation areas at all levels.