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result(s) for
"ENERGY SECTOR"
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Effective team management in energy transition projects: a perspective on critical success factors. Case of the mining-energy sector in Colombia
by
Niño-Villamizar, Yeny Andrea
,
Garzón-Rodríguez, Yaqueline
in
barreras
,
barriers
,
Colombian mining
2023
In order to protect the environment and guarantee energy security, projects aimed at the energy transition (ET) are increasingly important worldwide. In this framework, three fundamental aspects for team management have been addressed, namely: critical success factors (CSF), barriers and challenges. However, the literature recognizes the need to broaden the empirical base, and as far as is known, in Colombia there is no evidence in this regard. Therefore, this work establishes in an exploratory way, from the perspective of experts in the Colombian mining-energy sector, how to manage these three aspects in ET projects. Among the results, the following stand out: first, the leadership and support of senior management as CSF; secondly, the need for sectoral policies to mitigate the staff turnover barrier; and third, the challenge of establishing strategic alliances with the education sector and leading organizations in conventional energy.
Journal Article
Is the Alternative Energy Sector COVID-19 Resistant? Comparison with the Conventional Energy Sector: Markov-Switching Model Analysis of Stock Market Indices of Energy Companies
by
Wielechowski, Michał
,
Czech, Katarzyna
in
alternative energy sector
,
conventional energy sector
,
COVID-19
2021
The outbreak and rapid spread of the COVID-19 pandemic has hit the global financial markets, including the energy sector. Alternative energy belongs to the economy’s key sectors concerning environmental issues and seems to be a full-fledged alternative for fossil-based conventional energy. This paper aims to assess the impact of COVID-19 on the stock market indices related to the alternative and conventional energy sector. We use daily data on the Morgan Stanley Capital International (MSCI) Global Alternative Energy Index, the MSCI All Country World Index (ACWI) Energy Index, and self-developed Average-49 COVID-19 New Cases Index and Average-49 Stringency Index. The research covers the period January–October 2020. The average level of the MSCI Global Alternative Energy Index in COVID-19 year was more than a quarter higher than in 2019 while the MSCI ACWI Energy fell almost one-third in the same period. Based on the Markov-switching model, we show that both the MSCI Global Alternative Energy and the MSCI ACWI Energy are not significantly affected by the epidemic status. The analysed indices decline as the government anti-COVID-19 policy becomes more stringent, but the relationship is statistically significant only in the high-volatility regime. In comparison to the conventional energy index, we reveal that the alternative energy index stays most of its time in the low-volatility regime without being adversely and significantly affected by the COVID-19 related indicators. Our study shows that the alternative energy sector, represented by the MSCI Global Alternative Energy Index, seems to be more resistant to COVID-19 than the conventional energy sector. It might imply that the novel coronavirus pandemic has not depreciated but emphasised the growing concern about climate change and environmental pollution.
Journal Article
New Perspectives for Logistics Processes in the Energy Sector
by
Kulińska, Ewa
,
Dendera-Gruszka, Małgorzata
in
Alternative energy sources
,
COVID-19
,
Decision making
2022
The publication analyzes the logistic processes taking place in the energy sector. The impact of the analyzed logistic processes is crucial for the alternative energy sources industry. This article focuses on home photovoltaic installations. The bases for further research are the previously identified stages of logistic processes related to photovoltaic installations. Individual, selected logistics processes and their impact on the implementation of photovoltaic installations have been described in detail together with the results of the research. The basis of the research was to conduct a survey among randomly selected people who have been in possession of a photovoltaic installation since 2018 in Poland. This article is an introduction to further research on the analysis of logistic processes in other branches of energy.
Journal Article
AI in Energy: Overcoming Unforeseen Obstacles
by
Danish, Mir Sayed Shah
in
AI unforeseen obstacles
,
AI-empowered energy policy
,
AI-integrated energy framework
2023
Besides many sectors, artificial intelligence (AI) will drive energy sector transformation, offering new approaches to optimize energy systems’ operation and reliability, ensuring techno-economic advantages. However, integrating AI into the energy sector is associated with unforeseen obstacles that might change optimistic approaches to dealing with AI integration. From a multidimensional perspective, these challenges are identified, categorized based on common dependency attributes, and finally, evaluated to align with the viable recommendations. A multidisciplinary approach is employed through the exhaustive literature to assess the main challenges facing the integration of AI into the energy sector. This study also provides insights and recommendations on overcoming these obstacles and highlights the potential benefits of successful integration. The findings suggest the need for a coordinated approach to overcome unforeseen obstacles and can serve as a valuable resource for policymakers, energy practitioners, and researchers looking to unlock the potential of AI in the energy sector.
Journal Article
Factors affecting the quality of human capital in industrial cities of Russia
2023
The study tests the hypothesis that in order to develop industrial enterprises in the modern realities of the BANI-world (brittle, anxious, nonlinear, incomprehensible: fragile, disturbing, nonlinear, incomprehensible) it is of high importance to understand the influence of the social context and assess it in the correct manner. To reach new heights of development, not only direct investments in people’s education are needed, but also indirect ones, i.e., in creating favourable living conditions. The purpose of this work is to identify the factors that are the target of indirect investments affecting the quality of human capital in industrial cities of Russia.
Journal Article
Social Values as One of the Crucial Determinants of Efficient Strategic Management of an Energy Sector Company
2022
A continual increase in the influence of exogenic conditions on a company’s ability to sustain and develop and increasing complexity of the management processes correlated with the discovery of new dimensions of an enterprise, which determine its potential—these all lead to a growing interest in the search for the factors which might facilitate the elevation of the level of integrity of a business model of an enterprise/organisational and managerial system of an enterprise. Currently, it is absolutely necessary to perceive an enterprise not only in the terms of a rational economic system that, in its activity, concentrates on the generation of a positive financial result, and the creation of its value for the stockholders, but also as the system, at the same time, is meant to act responsibly in relation to its stakeholders, society and the market. The observation of successful enterprises shows clearly that the company values make up an element indispensable for the creation of effective strategies of development, and, at the same time, an element guaranteeing them an appropriate level of strategic integrity in external and internal dimensions, paired with the preservation of flexibility for necessary reconfiguration. Some special attention should be paid to the fact that, in order to build permanent competitive advantage, in the context of the strategic dimension of company management, values should play a key role also in the enterprises within heavy industry, including the energy sector. This article aims to present the significance of selected aspects of strategic dimension management in the context of company strategy in one of the largest energy sector companies in Poland. It is based on an analysis of the results of research carried out in the second part of 2021 and at the beginning of 2022. Qualitative studies based on a questionnaire survey and in-depth interviews were conducted among this institution’s managers who are responsible for formulating the company strategy. The study results have shown that social and employees’ personal values, organisational culture, and management by values, have a substantial impact on the character and quality of the strategic dimension management of the analysed company. The article aims to show the role of social values in determining efficiency in the area of managing the strategic dimension of a company. In the context of this aim, the following important research questions should be asked: What is the influence of social values and values represented by the TMT (top management team) on a given company’s efficiency in the context of strategic decisions; and how do these factors influence the stability of the company development, and do they ensure the organisation’s resilience to short-term external changes?
Journal Article
The path of CO2 and CH4 conversion to environmentally friendly materials
by
Karatairi, Eva
,
Williams, Ellen D.
,
Brown, Kristen
in
Applied and Technical Physics
,
Carbon black
,
Carbon dioxide
2018
Energy Quarterly Energy Sector Analysis Carbon and carbon-based materials, from charcoal and diamonds, to graphene, carbon fibers, and nanotubes are fundamental to society for their ubiquity, versatility, and functionality and have sparked scientific innovations and an industrial revolution. Producing materials with a moderate to high market value from an abundant source, while reducing CO2 emissions, can be achieved, but at a financial and environmental cost. [...]thermodynamics does not favor CO2 conversion, which requires driving a reaction up a steep energy hill. Daniel Matuszak, who manages the carbon utilization program at the Office of Fossil Energy in the US Department of Energy, explained how converting CO2 gas to a solid carbon material is an energy-intensive process. According to the US Energy Information Administration, in 2016, the United States used approximately 30 quads (~30 exajoules) of natural gas.
Journal Article
AI in Energy: Overcoming Unforeseen Obstacles
by
Mir Sayed Shah Danish
in
AI unforeseen obstacles
,
AI unforeseen obstacles; AI-empowered energy policy; computational intelligence; AI-integrated energy framework; energy sector; policy recommendations
,
AI-empowered energy policy
2023
Journal Article
Current Trends and Solutions for Port Energy Supply Transformation: A Systematic Literature Review
by
Kļaviņš, Aivis
,
Dávid, Andrej
,
Pakere, Ieva
in
Bibliometric analysis
,
Climate change
,
decarbonisation
2024
The energy sector is changing rapidly today. Global warming and other environmental challenges contributed to several international agreements aimed at fostering fossil-to-renewables debt. The energy sector consists of several interconnected sectors. Classically, the focus is on the transformation of the heating and electricity sectors, which has led to significant progress in the transformation of these sectors. The transport sector is an important sub-sector of energy, which can account for up to a third of all energy consumption in some regions and countries of the world. Despite all efforts to promote the greening of the transport sector, the pace of the process and the result achieved are very low. These are a number of reasons, one of which is the diversity of the transport sector. This study focuses on port infrastructure as the most important part of the maritime transport sector. The aim of the study is to identify current directions in relation to port energy infrastructure, main accelerating challenges, as well as possible solutions. The results of the studies show that decarbonisation receives the greatest attention and that active research and development of a number of solutions, including hydrogen, electrification and methanol, are underway.
Journal Article
The circuitous, but essential, path to a circular economy
by
Ku, Anthony
,
Patel, Prachi
in
Applied and Technical Physics
,
Carbon footprint
,
Characterization and Evaluation of Materials
2018
In addition to minimizing environmental impact, it could cut costs, create work, and improve quality of life, because things like waste management, repairing goods, and recycling all create jobs. [...]not all circular economy concepts are equally green: reusing glass bottles, for instance, might take less energy than recycling them, while collecting heavy batteries and solar panels causes transport emissions. Chemists and materials scientists need to weigh the environmental impacts of their creations, said Ashley White, director of communications for the Advanced Light Source at Lawrence Berkeley National Laboratory and chair of the Materials Research Society (MRS) Focus on Sustainability Subcommittee. There are many tools at the materials science community's disposal: life-cycle analysis tools to quantify the material, energy, water, and carbon footprints of different products or systems; mass flow or energy flow analyses to show where opportunities exist for reducing footprint; and criticality assessments to understand what materials are the most vulnerable and what we can do about them. Policies in the form of incentives, taxation, or restrictions on pollution and waste will also provide a push, just as they helped make renewables competitive with fossil fuels.
Journal Article