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1
Olkuski, Tadeusz, Adam Szurlej, Barbara Tora, and Miłosz Karpiński. "Polish energy security in the oil sector." E3S Web of Conferences 108 (2019): 02015. http://dx.doi.org/10.1051/e3sconf/201910802015.
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Almost all crude oil used in Poland is imported. The domestic production meets less than 4% of needs; therefore, to ensure the security of supplies, Poland relies heavily on imports. It is worth mentioning, however, that Poland has crude oil resources oil fields are located in the Carpathians, Polish Lowlands, and in the economic zone of the Baltic Sea. For years, crude oil is imported mainly from the East, however, a significant change in this approach, leading to an increase in seaborne oil supplies, has been observed in recent years. In 2017, 77.3% of crude oil was imported from Russia, while the rest was supplied from Saudi Arabia, Iraq, Iran, Norway, and Kazakhstan. Increasing the diversification of supplies is, of course, a very positive phenomenon, because it allows reducing the dependence on one supplier, which is beneficial from the point of view of energy security. Taking into account a high dependence on oil imports, the article also discusses important factors affecting the global oil market: low investment in the upstream sector, a drastic decline in oil production in Venezuela, the impact of the U.S. embargo on Iran, or depleting oil reserves.
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Surayya Mohd Saudi, Nur, Wong Hock Tsen, Abdul Latif Harun, et al. "The Relationship Between Oil and Natural Gas Prices on the Malaysian Economic Sectors." International Journal of Engineering & Technology 7, no. 4.34 (2018): 118. http://dx.doi.org/10.14419/ijet.v7i4.34.23840.
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This study has investigated the relationship between the changes in oil and natural gas prices on the Malaysian economic sectors. Four economic sectors were selected namely manufacturing, services, agriculture, and mining. However, there was less study conducted at the sector level. Hence, the goal of this paper is to explore the impact of oil and gas prices on economic sectors GDP. This study has conducted econometrics modelling based on the ARDL bound testing with the spanning time series data from year 1987 to 2017. The empirical findings revealed that the relationship between the oil and natural gas prices in the manufacturing and services sector is negative, while the agriculture sector showed a positive relationship, and the mining sector showed no relationship. The empirical findings concluded that the manufacturing and services sectors that consumed more energy are dependent on the price changes. Meanwhile, the agriculture sector is a highly subsidised sector which has a positive relationship with energy prices. In the policy recommendation, Malaysia has to apply the energy pricing policy by offering energy subsidy to the high energy consumed sectors. Finally, Malaysia should develop policies that can diversify its energy resources and increase the shares of renewable energy sources.
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Al-mulali, Usama, and Abdul Hakim Mohammed. "The relationship between energy consumption and GDP in emerging countries." International Journal of Energy Sector Management 9, no. 1 (2015): 77–93. http://dx.doi.org/10.1108/ijesm-04-2013-0006.
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Purpose – This paper aims to investigate the relationship between gross domestic product (GDP) by sector and energy consumption by type in 16 emerging countries. Design/methodology/approach – The panel model was utilized taking the period 1980-2010. Findings – The results revealed that GDP by sector and energy consumption by type are cointegrated. Moreover, the Granger causality concluded a bi-directional causal relationship between oil, natural gas and renewable energy consumption and the value of the manufacturing, industrial and services sector. Furthermore, a bi-directional causal relationship was also found between coal consumption and the value of the services sector. Furthermore, a one-way causal relationship was found from oil consumption to the value of the agriculture sector, the value of the agriculture sector to coal consumption, and coal consumption to the value of the manufacturing and the industrial sectors. Practical implications – This study recommended that these countries should increase their renewable energy consumption to achieve their GDP growth. Originality/value – This study is different from the previous studies, as it disaggregated the GDP into four sectors, namely, agriculture, manufacturing, industrial and the services sector. In addition, this study will disaggregate energy consumption into oil consumption, gas consumption, coal consumption and electricity consumption.
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Sari, D. A. P., D. Fadiilah, A. Azizi, and Pawenary. "Energy Sector CO2 Emission In Palm Oil Mill." Journal of Physics: Conference Series 1364 (December 2019): 012003. http://dx.doi.org/10.1088/1742-6596/1364/1/012003.
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Sun, Hongbo. "China-Venezuelan Oil Cooperation Model." Perspectives on Global Development and Technology 13, no. 5-6 (2014): 648–69. http://dx.doi.org/10.1163/15691497-12341322.
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With the shift of the world growth gravity from the industrialized countries to the emerging economies, the China-Latin American relationship has greater political and economic implications in the current international power transition. The energy ties between China and Latin America have been significantly strengthened in the oil sector and the China-Venezuela oil cooperation model is a unique example that might explain the dynamics of China’s energy interaction with Latin American resource countries. This oil cooperation model is a plural collaboration pattern with the oil sector as the cooperation axis and is extended to the infrastructure, high-tech, agriculture and other sectors under the intergovernmental institutionalized cooperative framework, which is supported by Chinese financial credit. China and Venezuela have high complementarities of energy interest in terms of the oil trade, finance and infrastructure building, based on the two countries’ relative economic advantages.
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Bekhet, Hussain Ali, and Azlina Abdullah. "Energy Use in Agriculture Sector: Input-Output Analysis." International Business Research 3, no. 3 (2010): 111. http://dx.doi.org/10.5539/ibr.v3n3p111.
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Many sectors rely on energy as input to produce output. Even though the use of energy in agriculture sector is not as high as in other sectors, it is important to study the connectedness between the two sectors as there is no study done so far to show the linkages between them in Malaysia. Input-output analysis has been used to study the connectedness degree between the two sectors using input-output data for 1991-2000. The direct and total backward linkages analyses have shown that there is a significant increase in the use of energy in agriculture sector for the 1991-2000 period but the connectedness is still weak. Among the three energy-related sectors namely; crude oil, natural gas & coal, petrol & coal industries and electricity & gas, it was found that the agriculture sector depends more on inputs from petrol & coal industries as compared to the other two sectors. Based on these results, some policy implications have been proposed to help the decision-makers in economic planning especially on implementing policies related to energy and agriculture sectors.
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BA, Amadou. "Energy situation of Senegal: sub-sector of electricity." Journal de Physique de la SOAPHYS 2, no. 1a (2021): C20A06–1—C20A06–6. http://dx.doi.org/10.46411/jpsoaphys.2020.01.06.
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Senegal's energy consumption is dominated by oil products and biomass. The electricity sub-sector, which accounts for only 10.4% of total energy consumption, far behind biomass 41.6% and oil products 39.2%, is remains dominated by thermal units. The objective of this study is to do an analysis of the electricity sub-sector. It shows a dependence on imports of oil and gas to meet our demand. Important policies have been developed to think about energy independence by exploiting our renewable energies potential, 5kWh / m² / day for solar, average wind speed estimated at 4m / s for wind. The liberalization of the energy market has allowed public and private investors to invest in this sector. The installed capacity has enabled Senegal to avoid the emission of 156.243 tons of CO2 per year with the six solar photovoltaic plants. Despite immense potential of renewable energies, their rate remain low in the power park and is estimated for (solar photovoltaic, wind and hydraulic) at 28 % in 2020.
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Muhammad Fathun, Laode. "Cooperation Of Indonesia - Iran In The Oil And Gas Energy Sector 2015-2017." Journal of International Studies on Energy Affairs 1, no. 2 (2020): 194–210. http://dx.doi.org/10.51413/jisea.vol1.iss2.2020.194-210.
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This research is conducted to discuss about the Cooperation between Indonesia and Iran in oil and gas energy sector period 2015-2017. This research uses qualitative research method with descriptive approach type. The purpose on this research is to explain the shape of cooperation between Indonesia and Iran in oil and gas energy sector. This research also uses bilateral cooperation theory, national interest theory, and energy security concept. From this research, According to the result from this research, the cooperation between Indonesian and Iran in oil and gas energy sector in the period of 2015-2017, the first is Purchasing of Liquified Petroleum Gas (LPG) and Crude Oil form Iran with Competitive Price, second, Oil Refinery Development located in Situbondo (East Java) and the last is Management of Ab-Teymour and Mansouri field. With this cooperation, Indonesia has achieve national interest because the production of oil and gas in Indonesia is increased and the people requirement of oil and gas can be fulfilled. Then in this research, it is also known that the cooperation between Indonesia and Iran in the energy sector will continue even in the wider sector again.
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Gusyakov, V. Yu. "TYPES OF ECONOMIC (ENTREPRENEURIAL) RELATIONS IN THE OIL AND ENERGY SECTOR." Scientific Notes of V. I. Vernadsky Crimean Federal University. Juridical science 7 (73), no. 1 (2021): 322–29. http://dx.doi.org/10.37279/2413-1733-2021-7-1-322-329.
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The article describes the economic (entrepreneurial) relations in the oil industry. The features of such relations are revealed. The definition of the oil industry as an industry is proposed. Taking into account the specifics of economic relations in the oil industry, it is proposed to distinguish a group of relations in the field of search, evaluation, development of oil fields, as well as relations in the field of sales of oil and petroleum products. It is advisable to regulate the selected groups of relations in different laws, taking into account the specifics.
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ABAAS, MLAABDAL SAADY MAHMOOD. "The Prerequisites of National Economy Oil Industry Development." Mechanism of an Economic Regulation, no. 1 (2019): 90–98. http://dx.doi.org/10.21272/mer.2019.83.07.
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The country's energy security is an important component of the national security of any state. In countries where the oil sector is the development determinant of the national economy, the functioning of all other sectors and the satisfaction of the population needs in energy resources depends on the efficiency of the industry operation. Therefore, it is relevant to study the prerequisites for the development of the oil-producing industry of Ukraine in the context of the formation of perspective ways of its development and modernization. The article analyzes the Ukraine’s' oil-producing potential, its current state and directions of development. At the same time, the author emphasizes that the availability of sufficient oil reserves in Ukraine creates preconditions for ensuring energy independence in the near future. In the paper, the author emphasizes that the current challenges in the oil sector for Ukraine are: the balance of exports and imports, increasing of own oil production, reduction of monopolization and creation of competitive, transparent energy markets. An analysis of the oil and gas industry functioning and the domestic market of oil and petroleum products made it possible to distinguish the relevant trends of its development. At the same time, it was concluded that the oil refining sector of the oil complex is one of the low efficient branches in the industry. The paper identifies the main negative trends in the development of the oil industry in Ukraine: the lack of a comprehensive state program for the industry development, a lack of investment in exploration, unsystematic and slow reform of the oil sector, unsustainable rental and tax rules, and the unresolved issues connected with environment protection, which lead to regression of the domestic oil-producing complex. In order to develop the oil industry in Ukraine and increase the efficiency of its functioning, the author has formed the directions of state regulation that will stimulate the development of the oil-extracting industry in Ukraine. Key words: oil-extracting complex, oil production, energy security, efficiency, state regulation.
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Kapranova, L. D., and T. V. Pogodina. "Financial and Economic Support of Innovation Processes in the Russian Fuel and Energy Complex." Economics, taxes & law 12, no. 3 (2019): 77–85. http://dx.doi.org/10.26794/1999-849x-2019-12-3-77-85.
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The subject of the research is the current state of the fuel and energy complex (FEC) that ensures generation of a significant part of the budget and the innovative development of the economy.The purpose of the research was to establish priority directions for the development of the FEC sectors based on a comprehensive analysis of their innovative and investment activities. The dynamics of investment in the fuel and energy sector are considered. It is noted that large-scale modernization of the fuel and energy complex requires substantial investment and support from the government. The results of the government programs of corporate innovative development are analyzed. The results of the research identified innovative development priorities in the power, oil, gas and coal sectors of the fuel and energy complex. The most promising areas of innovative development in the oil and gas sector are the technologies of enhanced oil recovery; the development of hard-to-recover oil reserves; the production of liquefied natural gas and its transportation. In the power sector, the prospective areas are activities aimed at improving the performance reliability of the national energy systems and the introduction of digital technologies. Based on the research findings, it is concluded that the innovation activities in the fuel and energy complex primarily include the development of new technologies, modernization of the FEC technical base; adoption of state-of-the-art methods of coal mining and oil recovery; creating favorable economic conditions for industrial extraction of hard-to-recover reserves; transition to carbon-free fuel sources and energy carriers that can reduce energy consumption and cost as well as reducing the negative FEC impact on the environment.
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Салиева, Роза, and Roza Salieva. "FEATURES OF ECONOMIC (BUSINESS) ACTIVITY IN THE ENERGY SECTOR." Journal of Foreign Legislation and Comparative Law 1, no. 6 (2016): 0. http://dx.doi.org/10.12737/17177.
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The article highlights the features of economic activity in the energy sector. Economic activity associated with generation, transformation, transmission and use of different forms of energy, is carried out by business organizations of different branches of the energy sector of economy. In this article the author analyzes the structure of the energy sector, including oil and gas sector, coal sector, power generation and nuclear energy sector, as well as alternative energy sector. The author provides the definition of the economic activity in the energy sector taken from the Energy Charter Treaty. The author underlines that the energy sector is closely connected with the use of natural resources, as well as with the energy production, processing and marketing. It is advisable to consider such relations as business relations. They are ruled by the Energy law. The author provides examples of legislative establishment of economic activities in certain energy sectors of the Russian economy (in the sphere of Atomic Energy and in Chapter 8 of the Law of the Russian Federation “On Power Industry”). The author draws the conclusion about the need to improve the legislative system in the sphere of power industry.
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Hosseini, Seyed Mohsen, Alireza Aslani, Marja Naaranoja, and Hamed Hafeznia. "Analysis of Energy System in Sweden Based on Time series Forecasting and Regression Analysis." International Journal of Energy Optimization and Engineering 6, no. 3 (2017): 97–113. http://dx.doi.org/10.4018/ijeoe.2017070105.
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Sweden has had a long-term political commitment to renewable energy development up until the oil crisis of the early 1970s. Oil accounted for more than 75 percent of Swedish energy supplies in 1970. Today, the figure is around 20 percent. In this study, Swedish energy system and the trend of energy consumption are analyzed to forecast total energy consumption and energy consumption in the sectors, industrial and residential, for the next ten years, therefore, most effective factors influencing energy consumption are identified in each sector. The present paper gives the additive Holt-Winter method and regression analysis, and the model selection is based on the square root of the average squared error. The results show that energy use in Swedish energy system, especially in the residential sector, will decrease between 2014 and 2024.
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Bishoge, Obadia Kyetuza, Lingling Zhang, Witness Gerald Mushi, and Shaldon Leparan Suntu. "The overview of the legal and institutional framework for oil and natural gas sector in Tanzania. A review." Journal of Applied and Advanced Research 1, no. 1 (2018): 8. http://dx.doi.org/10.21839/jaar.2018.v1i1.127.
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One of the essential tools for management of the sectors including the oil and gas sector is the legislative and institutional structure. This paper reviews the overview of the current legal and institutional framework for energy resources development, with weight on oil and gas resources and their critical significance to socio-economic and political development. It affords a comparative account of some new features and on-going trends of the activities conducted by the institutions for sustainable development of the oil and natural gas sector in Tanzania.
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Bishoge, Obadia Kyetuza, Lingling Zhang, Witness Gerald Mushi, and Shaldon Leparan Suntu. "The overview of the legal and institutional framework for oil and natural gas sector in Tanzania. A review." Journal of Applied and Advanced Research 3, no. 1 (2018): 8. http://dx.doi.org/10.21839/jaar.2018.v3i1.127.
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One of the essential tools for management of the sectors including the oil and gas sector is the legislative and institutional structure. This paper reviews the overview of the current legal and institutional framework for energy resources development, with weight on oil and gas resources and their critical significance to socio-economic and political development. It affords a comparative account of some new features and on-going trends of the activities conducted by the institutions for sustainable development of the oil and natural gas sector in Tanzania.
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Park, Chankook, and Minkyu Kim. "Characteristics Influencing Digital Technology Choice in Digitalization Projects of Energy Industry." Environmental and Climate Technologies 25, no. 1 (2021): 356–66. http://dx.doi.org/10.2478/rtuect-2021-0026.
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Abstract Digitalization projects are actively underway in the energy industry, such as the power industry and oil and gas industry. However, there has been no in-depth and quantitative analysis of the relationships between the participants, industry, and technology of digital projects. Therefore, this study focused on which technologies are invested according to key characteristics such as the types of participants and industries driving digitalization projects. This study also examined whether there are differences in technology choices depending on the degree of clean energy exposure. Based on statistics from Bloomberg New Energy Finance (BNEF), a total of 711 projects were analysed using multinomial logistic regression (MNLR). As a result, the proportion of Analytics software was generally higher in the whole industry, and the energy industry was more likely to invest in Analytics software than in other industries. Comparing the power, oil and gas sectors, there was a high probability of investment in Internet of Things (IoT) in the power sector and Automation in the oil and gas sector. In the type of cooperation between energy companies and industrial companies, the probability of investing in Analytics software was significantly higher. In the case of cooperation between energy companies and information and communications technology (ICT) companies, in the oil and gas sector, Analytics software and Cloud/Data accounted for a large proportion. This study provides insight into the effect of characteristics of energy digitalization projects on the technology choice.
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Husain, Tariq. "Pakistan’s Energy Sector Issues: Energy Efficiency and Energy Environmental Links." LAHORE JOURNAL OF ECONOMICS 15, Special Edition (2010): 33–59. http://dx.doi.org/10.35536/lje.2010.v15.isp.a3.
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This paper analyzes Pakistan’s energy sector issues and highlights (i) the importance of the link between energy and the environment, and (ii) the central importance of energy efficiency for high return demand-side solutions to meet the country’s energy needs. The paper argues that energy planning should integrate the external cost of energy use in deciding about the composition of supply: coal, oil, gas, hydropower, renewable, nuclear, and solar. By utilizing external cost estimates made by the European Commission for Europe, and the US National Academy of Sciences, a total cost (external + internal) ranking of primary energy sources for Pakistan is estimated. This estimate is at the low end of the cost spectrum because classic pollutants—sulfur dioxide, nitrogen oxides, carbon monoxide—in Pakistan are significantly higher than in Europe or the US. The paper also discusses the experiences of China and OECD countries in increasing energy-wide efficiency. A central lesson emerging from the analysis is that Pakistan will have to significantly increase its energy-related research and development expenditure in order to adequately address its energy sector issues. A quadrupling from 0.25 % of gross domestic product is recommended over a decade.
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Aissa, Nayasari, and Djoni Hartono. "THE IMPACT OF GEOTHERMAL ENERGY SECTOR DEVELOPMENT ON ELECTRICITY SECTOR IN INDONESIA ECONOMY." Buletin Ekonomi Moneter dan Perbankan 19, no. 2 (2016): 153–76. http://dx.doi.org/10.21098/bemp.v19i2.628.
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Energy is one of the most important inputs that supports Indonesia’s economy. The government utilises coal and oil as the main sources for power plants energy mix. However, the utilization of fossil fuel energy has been proven to pose negative impacts on the environment such as, increasing carbon dioxide emission which leads to global warming. This study analyses investment policy on increasing electricity production of geothermal power plants as well as substitution of fossil energy to geothermal energy using Computable General Equilibrium (CGE) Model and Indonesia’s data of Social Accounting Matrix 2008. The result shows that when investment on the substitution of energy from fossil to renewable energy takes place, economic growth will increase and carbon dioxide emission will reduce significantly.
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Danilovich, Dmitry. "Optimising energy sourcing and consumption in the oil and gas sector." APPEA Journal 58, no. 2 (2018): 538. http://dx.doi.org/10.1071/aj17104.
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Oil and gas companies are fairly large users of electricity, and the rising cost of electricity has become a major issue for the sector. Oil and gas producers often develop their own gas-fired generation plants and consume their own gas as generation fuel. An increasing price of gas in the domestic market has resulted in a corresponding increase in the opportunity cost of utilising gas for power generation. Declining costs of renewable energy and battery storage open opportunities for oil and gas companies to reduce the consumption of their own gas and source electricity at a lower cost, as well as achieve their sustainability objectives. Gas-fired generation is expected to continue to play a key role in ensuring the reliability of electricity supply. However, the percentage of renewable energy in the supply mix can be increased significantly without compromising the reliability. This paper will focus on the opportunities that exist for oil and gas companies to reduce their overall energy supply costs through a differentiated approach considering renewable energy sources and batteries, competitive tendering of energy supply requirements, and attracting capital from independent power producers and institutional investors. The paper will draw on lessons learnt from other energy intensive businesses in Australia.
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Csomos, Gyorgy. "RELATIONSHIP BETWEEN LARGE OIL COMPANIES AND THE RENEWABLE ENERGY SECTOR." Environmental Engineering and Management Journal 13, no. 11 (2014): 2781–87. http://dx.doi.org/10.30638/eemj.2014.310.
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Maricic, Vesna Karovic, Dusan Danilovic, Branko Lekovic, and Miroslav Crnogorac. "Energy policy reforms in the Serbian oil sector: An update." Energy Policy 113 (February 2018): 348–55. http://dx.doi.org/10.1016/j.enpol.2017.11.011.
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Ilinova, Alina A., and Victoriya M. Solovyova. "Strategic planning and forecasting: changing role under instability of energy sector." Север и рынок: формирование экономического порядка 72, no. 2/2021 (2021): 56–69. http://dx.doi.org/10.37614/2220-802x.2.2021.72.005.
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Development of the hydrocarbon potential is one of the main priorities for Russia. However, recent trends in the global energy sector have proven its volatility and instability (the impact of post-pandemic conditions, high price volatility, and rapid development towards green energy). The resulting uncertainty in the turbulent oil and gas sector itself places new demands on the strategic behavior of oil and gas companies, especially within strategic business units related to the implementation of high-risk projects (using the Arctic oil and gas sectoras an example). All these are invariably associated with the transformation of the strategic management system. The paper defines the role of strategic forecasting and planning in the system of strategic management. The analysis of trends in the global energy sector, identifying key challenges for the strategic development of oil and gas companies, has carried out. The necessity of reviewing the role and essence of the basic functions of strategic management has been substantiated. A conceptual vision of the transformation of the essence and objectives of strategic analysis, forecasting and planning at the level of oil and gas companies in the context of global shocks was proposed.
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Oniemola, Peter Kayode. "Why Should Oil Rich Nigeria Make A Law for the Promotion of Renewable Energy in the Power Sector?" Journal of African Law 60, no. 1 (2015): 29–55. http://dx.doi.org/10.1017/s0021855315000212.
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AbstractNigeria is an oil rich country, endowed with both conventional and renewable energy sources. Electricity generation in Nigeria is dominated by oil and gas. The use of renewable energy in the power sector has not been promoted, despite Nigeria's abundant renewable energy potential. Using the law to integrate renewable energy into the Nigerian power sector will promote energy security and access, a clean environment and economic development. This article argues that the benefits of renewable energy outweigh its negative environmental and social impacts, also when compared to oil and gas. It posits that creating a law for the promotion of renewable energy in the power sector will enhance the benefits of renewable energy. Therefore, there should be affirmative law to support renewable energy and provide for a framework for ensuring that other laws do not constitute barriers to the deployment of renewable energy in the power sector.
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Akhunov, R. R., M. Sh Valiev, and R. I. Nizamutdinov. "OIL SECTOR COMPANIES IN THE PERIOD OF THE OIL CRISIS – 2020." Bulletin USPTU Science education economy Series economy 4, no. 34 (2020): 7–14. http://dx.doi.org/10.17122/2541-8904-2020-4-34-7-14.
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In order to prevent the consequences of the pandemic, governments were forced to take radical measures that restrict the mobility of the population, which had a negative impact on the oil market, which is based on the transport sector. The article discusses how such market fluctuations affect the market environment and the behavior of companies. Reductions in revenues and profits caused by falling demand and oil prices, forced companies to resort to cost optimization, including staff cuts and budget cuts in investment programs. The article shows how changes in the behavior of stakeholders represented by the state, investment banks, and civil society affect the activities of oil companies during the pandemic. It describes the impact of short- and medium-term consequences of the pandemic on long-term trends in the energy sector. The Russian Government faces a difficult task of combining two characteristics in the oil industry: an industry that can pull the entire economy out through its growth due to a multiplicative effect in the face of global environmental challenges, and an industry that is the main source of income that determines the country's financial condition. While the renewable energy sector is making a breakthrough in its development, the oil industry is forced to reduce investment in conditions of resource scarcity. If before the crisis, the profitability of the oil business could provide oil companies with investment resources for new projects, the pandemic shock and difficulties in overcoming it forced oil companies to reconsider their investment plans for an indefinite period. Despite the fact that it is not possible to predict the final consequences of the crisis, many industry giants have already announced a revision of their strategies in accordance with the growing trends for greening.
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Payne, Harold, and Janelle Manton. "Evolution of the Australian fiscal landscape and its impact on oil and gas investments in Australia." APPEA Journal 53, no. 2 (2013): 445. http://dx.doi.org/10.1071/aj12056.
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The oil and gas industry is among the most regulated and highly taxed sectors of the Australian economy. In recent times, the industry has been confronted with ongoing tax reforms that significantly impact the after-tax economics of projects. Examples include the introduction of the carbon pricing mechanism, the extension of the Petroleum Resource Rent Tax (PRRT) to the onshore oil and gas sector, the decision in the Esso case impacting on PRRT taxpayers, amendments to R&D tax incentives and modifications to the taxation system affecting mobile employees. Although the Business Tax Working Group recently did not make any recommendations to broaden the tax base to fund a reduction in the company tax rate, the desire to undertake further reforms that may impact the sector remains. The year ahead will see implementation of further transfer pricing reforms, ongoing consultation and review regarding the definition of exploration expenditure, and increasing focus on corporate international tax reform in line with global trends. Any reform has the potential to have a material impact on the capital- and exploration-intensive oil and gas industry, which also relies heavily on capital funding from multinational investors. This extended abstract analyses the recent reforms and their impact on the oil and gas sector, provides an outlook of other relevant areas of potential fiscal change, and assesses what this might mean for the Australian oil and gas industry.
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Korsak, E. P., and V. A. Nadomin. "Energy Saving as Key Factor for Increasing Country’s Energy Security." Science & Technique 19, no. 2 (2020): 148–58. http://dx.doi.org/10.21122/2227-1031-2020-19-2-148-158.
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Power engineering is one of the main types of economic activity of the Republic of Belarus. The priority deve-lopment of the country’s energy sector is determined by its key role in ensuring the efficient functioning of the national economy, stable operation of the social infrastructure, and observance of social norms and standards for the population. and importance of energy resources for the development of the economy and society as a whole can hardly be overestimated because of their active influence on the intensity of production and consumption processes. Currently, the main sources of energy are oil, natural gas, coal, oil shale and nuclear energy. Economy of the Republic is very dependent on energy imports. This is a serious test for the country under conditions of constant rise in hydrocarbon prices. Belarus imports more than 90 % of oil, 100 % of natural gas and 25 % of liquefied gas and 100 % of the whole consumed coal. The energy intensity of domestic enterprise products is significantly higher than in industrialized countries. Therefore, improvement of energy efficiency is fundamental for our country. In this regard, a real economic sector depends on the stable operation of energy enterprises, timely modernization of equipment, rational use of fuel and energy resources and effective implementation of energy conservation measures. Most of the energy sector problems can be solved by improving the energy security indicators of the Republic, namely, as a result of the introduction of a range of energy-saving measures, use of secondary energy resources and development of renewable energy sources.
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Laimon, Mohamd, Thanh Mai, Steven Goh, and Talal Yusaf. "Energy Sector Development: System Dynamics Analysis." Applied Sciences 10, no. 1 (2019): 134. http://dx.doi.org/10.3390/app10010134.
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The development of a complex and dynamic system such as the energy sector requires a comprehensive understanding of its constituent components and their interactions, and thus requires approaches that can adapt to the dynamic complexity in systems. Previous efforts mainly used reductionist approaches, which examine the components of the system in isolation, neglecting their interdependent nature. Such approaches reduce our ability to understand the system and/or mitigate undesirable outcomes. We adopt a system dynamics approach to construct an integrated model for analysing the behaviour of the energy sector. Although the Australian energy sector is used as a case study, the model can be applied in other context elsewhere around the world The results indicate that the current trajectory of the Australian energy sector is unsustainable and growth is not being controlled. Limits to growth are fast approaching due to excessive fossil fuel extraction, high emissions and high energy dependency. With the current growth, Australia’s global CO2 emissions footprint will increase to unprecedented levels reaching 12% by 2030 (9.5% for exports and 2.5% for domestic). Oil dependency will account for 43% and 47% of total consumption by 2030 and 2050. By 2032, coal will be the only fossil fuel resource available in Australia. Expansion of investment in coal and gas production is a large risk.
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Malyutina, T. D. "Retrospective analysis of energy sanctions against Russia and their impact on operations of pipe-rolling plants." National Interests: Priorities and Security 16, no. 3 (2020): 536–46. http://dx.doi.org/10.24891/ni.16.3.536.
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Subject. The article focuses on sanctions against Russia’s energy sector. Objectives. The article represents my own comprehensive study into sanctions against Russia’s energy sector and their impact on operations of pipe-rolling plants. The study spotlights the most significant milestones of the oil and gas industry, analyzes the sectoral impact on the development of pipe-rolling plants and pressure of the war against pipelines on the Russian manufacturers. Methods. The study employs methods of comparison, research, monographs and logic. Results. What distinguishes the Russian pipe-rolling plants is their importance for operations of oil and gas producing sectors. Based on the retrospective analysis of energy sanctions against Russia, I conclude that tensions in economic relations of European countries, and the USA and Russia last too long. Energy sanctions definitely influence operations of pipe-rolling plants. Export barriers obstructed the influx of investment into the respective sector and affected the financial performance of enterprises. However, a drop in exports of pipe-rolling plants’ products fuels their domestic distribution plans, thus contributing to the positive economic situation nationwide. Conclusions and Relevance. Economic sanctions will influence the development of the Russian oil and gas companies in the distant future, since the Russian enterprises manufacture high-tech products insufficiently, while supplies from China are not yet reliable. Sanctions against Russia trigger the development of the Russian enterprises manufacturing high-tech products and large diameter pipes for the oil and gas industry.
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Meaton, M. "OIL AND GAS INDUSTRY IN WESTERN AUSTRALIA." APPEA Journal 39, no. 1 (1999): 30. http://dx.doi.org/10.1071/aj98002.
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The oil and gas production sector in Western Australia has grown dramatically in recent years and now represents the largest resource sector in the State economy. The industry has a very promising future but it faces a number of challenges if it is to achieve its full potential. Its production location in remote parts of the State confers both advantages and disadvantages. Chief among the disadvantages is the challenge of convincing the community and government of the benefits from the industry when many of those benefits are not apparent to the majority of the population. The emphasis in this paper is on economic impacts, social benefits and community attitudes.WA has produced about 820 million barrels of oil and 2000 million barrels of natural gas when gas is calculated in energy equivalent terms. Petroleum energy production has increased dramatically over the last 15 years and the State is now a substantial energy exporter. Petroleum sources provide the energy for over 85% of the final energy used in the State. Total industry investment over the last 18 years has been nearly $21,000 million for an average of $3.2 million each day. Direct employment by petroleum companies is around 2,500 people with flow-on employment in the services sector estimated at over 17,000 people. Petroleum companies have been major contributors to government revenue and to the development of remote regions in WA.
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Zakrzewska, Olga. "Bezpieczeństwo energetyczne w stosunkach Rosja - Unia Europejska w kontekście współzależności eksportowo-importowych." Kwartalnik Kolegium Ekonomiczno-Społecznego. Studia i Prace, no. 1 (November 28, 2014): 153–71. http://dx.doi.org/10.33119/kkessip.2014.1.7.
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The paper is dealing with the role of energy security questions within EU–Russia relations, particularly in the context of their import–export interdepedence. The article is concentrating on the oil and gas sectors as this two branches play crucial role in EU–Russia energy relations. The paper is also analyzing the importance of Russian oil and gas sectors for the Russian economic security in general. By describing the problems of those two sectors, author is showing on the one hand threats for further Russian economic development and on the other hand risk for EU energetic security. Since EU is the biggest consumer of Russian energy resources and Russia is the biggest supplier of EU energy resources, problems of Russian energy sector strongly influence EU energy security. The article is analyzing this interdependencies.
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Hilmola, Olli‐Pekka. "Logistics sector development potential of world's oil exporters." International Journal of Energy Sector Management 5, no. 2 (2011): 256–70. http://dx.doi.org/10.1108/17506221111146011.
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Mak, F. K. "Condensate as feedstock in the oil refining-transportation sector." Energy 11, no. 6 (1986): 613–19. http://dx.doi.org/10.1016/0360-5442(86)90109-x.
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Tonge, Piers P. "Sustainability trends in oil and gas." APPEA Journal 59, no. 2 (2019): 738. http://dx.doi.org/10.1071/aj18206.
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This paper addresses multiple examples of sustainability across the oil, gas and energy sectors, and relevance application to APPEA members. The sustainability of oil and gas companies is now a key issue for the financial and investment sectors. Investors’ concerns over environmental, social and governance (ESG) risks and business models that may destroy value are growing, with clear analogues from the coal sector. Companies need to maintain their focus on safety, social licence issues and compliance of human rights. Mainstream global investors are increasing pressure on companies to address the long-term risks associated with climate change, as investors look to reduce the carbon-emissions footprints of their equity portfolios. The oil industry is still largely reactive, and not perceived by investors and society to be a part of the climate change solution. Investor pressure to address climate change is driving change in oil and gas company strategy and sustainability activity. Companies need resilience and credible plans to reduce scope 1, 2 – and in the future scope 3 emissions – and to achieve the net zero objectives of the Paris Agreement. Investor and societal scrutiny on the oil and gas industry is likely to increase with plastics an area of growing focus, with implications for future oil and gas demand.
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Ang'u, Cohen, Nzioka John Muthama, Christopher Oludhe, and Lilian N. S. Kong'ani. "Effects of civil conflicts on global oil prices and their impact on the energy sector." Journal of Sustainability, Environment and Peace 1, no. 1 (2019): 12–18. http://dx.doi.org/10.53537/jsep.2019.02.003.
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Recent research has increasingly interrogated the association between oil and civil conflicts within the political context while overlooking the primary use of oil. This paper examines three aspects of the claim “oil is a curse”. First, is it true? Second, is there a link between oil and civil conflicts? And third, do higher oil prices affect the energy sector, specifically electricity generation and pricing? By employing correlation matrices with data spanning from 1970 to 2016 at both global and local scale, the results of this analysis indicate that oil may be a curse or a blessing. Observation of oil prices and civil conflicts suggest a relationship between higher oil prices and severe civil conflicts with foreign state intervention. Severe imperial/colonial conflicts are associated with lower oil prices while no relationship is observed between oil prices and state based civil conflicts. These findings demonstrate that civil conflicts can arise in cases when oil prices are low and that foreign states have a bearing on oil related conflicts. Both electricity generation from conventional thermal sources and the fuel cost charge component of electricity prices are highly affected by global oil prices with correlations of 0.54 and 0.74, respectively. Renewable electricity sources - hydropower and geothermal were unaffected by global oil prices. This study does not endorse the use of conventional thermal sources for electricity generation while inviting more in-depth case studies on the link between civil conflicts and oil price shocks and their effects on the energy sector.
 
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Elliott, R. Neal, Therese Langer, and Steven Nadel. "Reducing oil use through energy efficiency: Opportunities in the industrial sector." Environmental Quality Management 15, no. 4 (2006): 81–91. http://dx.doi.org/10.1002/tqem.20105.
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Ludin, Norasikin A., M. Azwan M. Bakri, Norman Kamaruddin, et al. "Malaysian oil palm plantation sector: exploiting renewable energy toward sustainability production." Journal of Cleaner Production 65 (February 2014): 9–15. http://dx.doi.org/10.1016/j.jclepro.2013.11.063.
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Saghaian, Sayed H. "The Impact of the Oil Sector on Commodity Prices: Correlation or Causation?" Journal of Agricultural and Applied Economics 42, no. 3 (2010): 477–85. http://dx.doi.org/10.1017/s1074070800003667.
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The interconnections of agriculture and energy markets have increased through the rise in the new biofuel agribusinesses and the oil-ethanol-corn linkages. The question is whether these linkages have a causal structure by which oil prices affect commodity prices and through these links, instability is transferred from energy markets to already volatile agricultural markets. In this article, we present empirical results using contemporary time-series analysis and Granger causality supplemented by a directed graph theory modeling approach to identify the links and plausible contemporaneous causal structures among energy and commodity variables. The results show that although there is a strong correlation among oil and commodity prices, the evidence for a causal link from oil to commodity prices is mixed.
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Khwanpruk, Somkiat, and Chalida U-tapao. "Potential biodiesel production from palm oil, coconut oil and soybean oil for Thailand." MATEC Web of Conferences 192 (2018): 03062. http://dx.doi.org/10.1051/matecconf/201819203062.
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The government began subsidizing the use of B20 in large trucks on a voluntary basis beginning in 2016 and intends to implement the B10 requirement in 2018 for all diesel sales. However, policy makers in both the MOE and the Ministry of Agriculture and Cooperatives (MOAC) recently agreed that the mandatory biodiesel consumption plan for 2036 may be unattainable (given the strategy does not permit reliance on imports) and is therefore being reexamined. Despite an increase in harvested area, crude palm oil (CPO) production, the only feedstock used for biodiesel in Thailand, stagnated at 1.8-2.0 million from 2014-2016 due to unfavourable weather conditions. Thailand experiences a great economic and industrial development and is the second largest energy consumer in South East Asia. Being a net oil importer, Thai government has declared a renewable energy development programme in order to secure sustainable development and energy security. Thailand spends more than 10% of GDP for energy imports and transport sector accounts for 36% of total final energy consumption of which 50% is diesel. Diesel marks a huge impact on Thai economy.
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Upadhyay, Hiteksha. "Examination of Oil Price and its Relationship with Auto Sector and Energy Sector: Case of India." IIMS Journal of Management Science 10, no. 3 (2019): 141. http://dx.doi.org/10.5958/0976-173x.2019.00011.3.
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Andrews, Juliet, Louise Rolland, and Tony Cotton. "Shaping the future workforce for the oil and gas sector." APPEA Journal 60, no. 2 (2020): 380. http://dx.doi.org/10.1071/aj19114.
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Four broad trends are shaping the workforce of the future: demography, social changes, economic forces and technology. The first two mean that the workforce is much more diverse than before, both in its capabilities and its expectations. The economic forces will affect the nature of business and the organisation of work and how the workforce interacts with work. Technological changes mean that the nature of work is changing, and the workforce will have to adapt to meet the new ways of work and changing needs of industry. Although some have assumed that this will lead to a loss of jobs, more sophisticated analysis shows that many jobs will, in fact, be enhanced or redesigned as a result of the opportunities that technology brings. This paper focuses on our recent research into the changing nature of work and our recent work mapping the effect of technology on the mining industry. This mapping will provide insights into how technology has shaped the skills needed in the industry into the future and how organisations need to respond, including implications for leadership, training and work design. Our aim is to deliver a compelling case for acting now to prepare the oil and gas workforce, and to highlight the talent strategies the sector and its members should prioritise in response.
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Nchor, Dennis, Pavel Kolman, Luboš Střelec, and Samuel Antwi Darkwah. "The New Oil Sector and the Dutch Disease: the Case of Ghana." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 63, no. 6 (2015): 2035–41. http://dx.doi.org/10.11118/actaun201563062035.
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This paper investigates the impact of the new oil sector on the economic performance of major traditional sectors of the Ghanaian economy. The discovery of resource booming sectors in most countries often comes with several opportunities as well as challenges. Ghana discovered oil in 2007 and started subsequent commercial production and export in 2010. The results from the study show that, there is no clear case of declining performance of sectors in terms of output, growth and export earnings as a result of the oil production. The study could also not establish a sustained appreciation in the real effective exchange rate since commercial oil production commenced which is an indicator of the presence of the Dutch Disease phenomenon. The real effective exchange rate was also found to be highly influenced by oil production, oil prices, total exports and remittances. The study applied an autoregressive distributed lag model due to differences in the level of integration of variables. The data was obtained from the Bank of Ghana, the Ministry of Finance in Ghana and the Energy Information Administration.
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Mahmood, Muhammad Azhar, Muhammad Kamran Liaqat Bhatti, S. Raza, and M. Riaz. "Energy Optimization and Power Stack Shed Reduction of Oil Depots by using Renewable Energy Resources." Pakistan Journal of Engineering and Technology 4, no. 2 (2021): 125–30. http://dx.doi.org/10.51846/vol4iss2pp125-130.
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Most of the industries including the oil sector are looking forward towards the renewable energy resources with proper energy management system (EMS) as it is the need of time. For this purpose, solar and wind energy are the renewable energy resources, which are obtained from natural resources and produce clean and environment -friendly electrical energy and can be used for oil depots. The proper utilization of solar and wind energy from natural resource may result in economical and cost-effective EMS. In the proposed research work, an effective energy management demonstration is delivered to ensure the ceaseless flexibility of power. Furthermore, reduction of production per unit cost to the oil sector industry by utilizing multiple objectives streamlining. In the proposed oil depot, connected loads are divided into Shiftable and Non-Shiftable loads and then apply Branch and Bound Algorithm (BnB) with binary integer linear programming (BILP). By using the BnB technique, selected shiftable loads are shifted to the low cost energy resource automatically and resultantly, we get the low price unit cost and continuous power supply. Simulation results for the above-mentioned research work are performed on MATLAB. The proposed technique helps to reduce the power stack shedding issue as well.
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Kulagin, Vyatcheslav A., Dmitry A. Grushevenko, and Nikita O. Kapustin. "Fossil fuels markets in the “energy transition” era." Russian Journal of Economics 6, no. 4 (2020): 424–36. http://dx.doi.org/10.32609/j.ruje.6.55177.
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The global energy sector is undergoing a global transformation under the influence of technological breakthroughs in several sectors of production and consumption, as well as profound socioeconomic changes in approaches to energy use. This process became known as “energy transition.” In this paper, the authors investigate the long-term impact of the energy transition and related processes on the markets of key fossil fuels: oil, natural gas, and coal. Research shows that all fossil fuel sectors will face a significant increase in competition, both within traditional markets and from other energy sources, due to the development of inter-fuel competition. At the same time, energy policies and efforts to combat greenhouse gas emissions will mostly determine the energy balances of the largest countries, and will have an even greater impact on the market. Natural gas, as the most environmentally friendly of fossil fuels, with a large potential to supplement the generation of new renewable energy sources (NRES), will be the least impaired by the energy transition. In the next 20 years, its consumption and production are expected to grow significantly. Oil is under serious pressure from environmental legislation and growing inter-fuel competition in the transport sector. It is highly likely that consumption will peak before 2040, yet the depletion of traditional resources is supporting prices. The coal market is set for an almost inevitable reduction in consumption. New technologies for capturing emissions can only partially mitigate the rate of coal use decline.
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Matkovskaya, Yana, Elena Vechkinzova, Yelena Petrenko, and Larissa Steblyakova. "Problems of Innovative Development of Oil Companies: Actual State, Forecast and Directions for Overcoming the Prolonged Innovation Pause." Energies 14, no. 4 (2021): 837. http://dx.doi.org/10.3390/en14040837.
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The study of the rates of innovative development of various sectors of the modern economy makes it possible to determine the existence of a scientific and practical problem, eliciting the need for urgent identification of the reasons for non-innovative development of Oil and Gas Companies and development of the directions for innovation development. Based on a number of methods, including methods of graphical analysis, time series forecasting, construction of linear trends, correlation analysis and scenario forecasting, the authors stated the fact of the serious depth of the problem of innovative insufficiency in the oil sector in comparison with other sectors and they built six scenarios for the development of these companies. The applied methods made it possible to not only come to the conclusion that with the current level of investment in R&D in the oil and gas sector, Oil Companies may find themselves in difficult conditions, especially if breakthrough technologies show themselves in the non-hydrocarbon energy of the future, but also made it possible to determine the most important directions for the development of Oil Companies, including the formation and development of the oil and gas industry 4.0, marketing strategic management of the activities of these companies.
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Wee, Kenneth. "Contemporary fiscal issues impacting M&A in the oil and gas sector." APPEA Journal 52, no. 1 (2012): 149. http://dx.doi.org/10.1071/aj11011.
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Ongoing growth in deal activity in the oil and gas industry is one of the critical forces underpinning the sustained robustness of the Australian economy. Australian oil and gas assets continue to attract significant international interest and are actively pursued by global and domestic investors alike. On the supply side, exploration players are seeking the necessary funding and technical support to commercialise prospective oil and gas discoveries, while on the demand side, major established oil and gas companies are seeking to acquire viable targets as a means of rapidly replenishing their reserves. Consequently, merger and acquisition (M&A) deals and asset trades have become a regular feature of the corporate oil and gas scene in Australia. In time to come, a wave of industry consolidation is likely to emerge. This paper discusses key fiscal aspects of M&A transactions, as affected by recent developments in the Australian taxation landscape, and their impact on the overall economics of, and extracting value from, an investment in the oil and gas sector, including: the taxation of farm-in/farm-out arrangements, asset swaps and carry arrangements; structuring the deal consideration for fiscal efficiency; takeover and acquisition vehicle structures; the M&A issues associated with the extension of the Petroleum Resource Rent Tax (PRRT) to the onshore oil and gas industry; consideration associated with capital management, capital structure and financing trends for the industry; exit and repatriation routes—do all roads lead to tax?; managing transaction costs; and, managing tax risks in M&A deals.
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Natashya, Jevon. "Hambatan Ekspor Crude Palm Oil (CPO) Indonesia ke Uni Eropa pasca Kebijakan Renewable Energy Directive (RED)." Jurnal Sentris 2, no. 2 (2020): 127–55. http://dx.doi.org/10.26593/sentris.v2i2.4185.127-155.
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Beside Malaysia, Indonesia is also one of the largest Crude Palm Oil (CPO) producer and exporter in the world. European Union is one of Indonesia’s trading partner and the biggest importer of CPO that used for the biofuel production, especially the biodiesel for transportation sector. But, in 2009, European Union released the Renewable Energy Directive (RED) that required all members to used renewable energy for every sector with the minimum requirement 20% for general sectors and 10% for transportation sectors. While this policy will make the European Union countries used the clean energy, RED became a new kind of NonTariff barriers for Indonesia’s CPO that become an important commodity from Indonesia. This paper will explain by the theory of International Political Economy (IPE) by focused into the Neo-Mercantilism to the analysis of Non-Tariff barriers that used by European Union for the CPO import into Indonesia. Besides that, the writer also used a National Interest concept to explain the importance of CPO for Indonesia and European Union Countries that agreed with the RED.
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Glamazdin, V. P., O. V. Melnyk, and V. M. Tonkogolosiuk. "Oil & gas sector development, as a component of energy of Ukraine." Science, technologies, innovation, no. 1(13) (2020): 32–41. http://dx.doi.org/10.35668/2520-6524-2020-1-05.
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The article analyzes the current state and perspective directions of development of the energy sector of Ukraine in general and the oil and gas complex in particular, which should meet the Plan of measures for the implementation of the stage “Reform of the energy sector (until 2020)” of the Energy Strategy of Ukraine for the period until 2035 “Security, energy efficiency, competitive”. According to the study, at the time the report was released, 80% of the points foreseen by the Plan were not fulfilled. Some legislative initiatives and changes in the regulation of markets of fuel and energy resources are considered. The article analyzes the dynamics of changes in energy consumption. The main trends in the development of the gas and oil products markets are identified. It is found that, despite progress on diversification of supply sources, the country is heavily dependent on imports of energy from The Russian Federation. Separate consideration is given to the transit of natural gas from the Russian Federation to the EU. It is noted that the signed contract is quite compromise and provides a transit pipeline load of less than 40%. The main reasons for the change in the structure of the use of fuel and energy resources, in particular, the practical termination of the use of fuel oil as a boiler-furnace fuel, are also highlighted. The data of the State Statistics Service of Ukraine on the dynamics of prices for natural gas for all categories of consumers, including tariffs for transportation, distribution and trade margin (for household consumers), were also processed. A steady increase in natural gas prices for household consumers was noted during almost the entire analyzed period. Naftogaz Ukraine’s unbinding process was investigated. It is revealed that all necessary steps have been taken to create an independent gas transmission system operator, which took place on January 1, 2020. The implementation of the Energy Community Directives and Regulations in the energy sector has been analyzed, with overall sales less than 50%. The main results of the Stockholm Arbitration between Naftogaz of Ukraine and Gazprom are considered.
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Gui, Shu Sen, Hai Lin Mu, and Nan Li. "Study on Effect of Oil Price Rising on China’s General Price Level." Advanced Materials Research 347-353 (October 2011): 3836–41. http://dx.doi.org/10.4028/www.scientific.net/amr.347-353.3836.
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This paper analyzes and evaluates the oil price change on effects of China’s general price level and economic sectors’ price level by adopting the input-output price model and input-output of China in 2007. In the case of oil price rise 100%: Compare with the results over the years show that oil price impact on the whole society increased year by year, and the rate of increase present accelerated tendency; Compare with the other energy sector, the impact of oil prices level is generally lower than the price of electricity and heat levels.
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Alsagr, Naif, and Stefan F. Van Hemmen Almazor. "OIL RENT, GEOPOLITICAL RISK AND BANKING SECTOR PERFORMANCE." International Journal of Energy Economics and Policy 10, no. 5 (2020): 305–14. http://dx.doi.org/10.32479/ijeep.9668.
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Özdurak, Caner. "Nexus between crude oil prices, clean energy investments, technology companies and energy democracy." Green Finance 3, no. 3 (2021): 337–50. http://dx.doi.org/10.3934/gf.2021017.
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<abstract> <p>In this study, we examine the nexus between crude oil prices, clean energy investments, technology companies, and energy democracy. Our dataset incorporates four variables which are S &amp; P Global Clean Energy Index (SPClean), Brent crude oil futures (Brent), CBOE Volatility Index (VIX), and NASDAQ 100 Technology Sector (DXNT) daily prices between 2009 and 2021. The novelty of our study is that we included technology development and market fear as important factors and assess their impact on clean energy investments. DCC-GARCH models are utilized to analyze the spillover impact of market fear, oil prices, and technology company stock returns to clean energy investments. According to our findings when oil prices decrease, the volatility index usually responds by increasing which means that the market is afraid of oil price surges. Renewable investments also tend to decrease in that period following the oil price trend. Moreover, a positive relationship between technology stocks and renewable energy stock returns also exists.</p> </abstract>