Related papers: The impact of access to credit on energy efficienc…
Decarbonizing China's energy system requires both greening the power supply and electrifying end-use sectors. However, concerns exist that electrification may increase emissions while coal power dominates. Using a global climate model, we…
This study focuses on the impact of digital finance on households. While digital finance has brought financial inclusion, it has also increased the risk of households falling into a debt trap. We provide evidence that supports this notion…
Load shifting by commercial and industrial power consumers reduces costs and Scope 2 emissions for the consumer and the grid. Incentivizing this behavior requires tools for valuing flexibility amidst the heterogeneity in load…
Poor energy efficiency of homes is a major problem with urgent environmental and social implications. Housing in the UK relies heavily on fossil fuels for energy supply and has some of the lowest energy efficiency in Europe. We explore…
What causes house prices to rise and fall? Economists identify household access to credit as a crucial factor. "Loan-to-Value" and "Debt-to-GDP" ratios are the standard measures for credit access. However, these measures fail to explain the…
To enhance decarbonization efforts in electric power systems, we propose a novel electricity market clearing model that internalizes the allocation of emissions from generations to loads and allows for consideration of consumer-side carbon…
In October of 2020, China announced that it aims to start reducing its carbon dioxide (CO2) emissions before 2030 and achieve carbon neutrality before 20601. The surprise announcement came in the midst of the COVID-19 pandemic which caused…
Credit scores are critical for allocating consumer debt in the United States, yet little evidence is available on their performance. We benchmark a widely used credit score against a machine learning model of consumer default and find…
The COVID-19 pandemic has disrupted human activities, leading to unprecedented decreases in both global energy demand and GHG emissions. Yet a little known that there is also a low carbon shift of the global energy system in 2020. Here,…
Assessing provincial carbon budgets for residential building operations is a crucial strategy for advancing China's net-zero ambitions. This study develops an advanced assessment framework that integrates static and dynamic modeling to…
IT power usage is a significant concern. Data center energy consumption is estimated to account for 1% to 1.5% of all energy consumption worldwide. Hardware designers, data center designers, and other members of the IT community have been…
Despite decades of climate policy and rapid improvements in energy efficiency, global CO2 emissions continue to rise, suggesting the presence of structural drivers that offset efficiency gains. Here we identify financial leverage as a key…
This paper aims to investigate the factors that can mitigate carbon-dioxide (CO2) intensity and further assess CMRBS in China based on a household scale via decomposition analysis. Here we show that: Three types of housing economic…
Energy management, and in particular its optimization, is one of the hot trends in the current days, both at the enterprise level (optimization of whole corporate/government buildings) and single citizens' homes. The current trend is to…
Faced with increasingly severe environmental problems, carbon trading markets and related financial activities aiming at limiting carbon dioxide emissions are booming. Considering the complexity and urgency of carbon market, it is necessary…
Reducing domestic energy demand is central to climate mitigation and fuel poverty strategies, yet the impact of energy efficiency interventions is highly heterogeneous. Using a causal machine learning model trained on nationally…
The difficulty of balance between environment and energy consumption makes countries and enterprises face a dilemma, and improving energy efficiency has become one of the ways to solve this dilemma. Based on data of 158 countries from 1980…
An increasing number of individuals, companies and organizations are interested in computing and minimizing the carbon emissions associated with their real-time electricity consumption. To achieve this, they require a carbon signal, i.e. a…
Despite many decades of research, economically grounded models that analyse energy consumption and energy-efficiency adoption within a unified framework remain underdeveloped. This article addresses this gap by proposing a model of…
The residential sector is responsible for approximately 20 percent of the world's energy-related greenhouse gas emissions. In order to improve this reality, it is essential to help and support the leading actor in this scene, the homeowner.…