Impact of the COVID-19 Pandemic to the Sustainability of the Energy Sector

The link between electricity consumption and stock market during the pandemic in Türkiye: a novel high-frequency approach

This article examines the relationship between electricity consumption and the stock market in the Turkish economy during the COVID-19 pandemic. A novel high-frequency model is used, incorporating the hourly energy consumption and Borsa Istanbul (BIST) National stock market index variables. To determine the effect of electricity consumption on the stock market index and vice versa, a high-frequency VAR-based spillover approach, time-varying Granger causality, and time-varying Bayesian VAR analysis are employed. The findings reveal a positive and weak relationship between electricity consumption and the stock market but it has a time-varying nature in an emerging market context in the post-COVID-19 period in the Turkish economy.

The impact of COVID-19 on the US renewable and non-renewable energy consumption: a sectoral analysis based on quantile on quantile regression approach

The repercussions of the novel coronavirus (COVID-19) pandemic go well beyond health concerns, affecting virtually every aspect of our lives, including daily energy consumption. Therefore, this study explores the impact of COVID-19 on renewable and non-renewable energy consumption in the USA, which has been severely affected by the recent pandemic. We conducted a detailed analysis of the energy consumption demands of various sectors in response to the COVID-19 outbreak. Our in-depth analysis comprises two parts. Initially, we determine the monthly growth change by utilizing the month-on-month method. Subsequently, we used the quantile-on-quantile approach of Sim and Zhou (2015) on data spanning from December 2019 to August 2021 to explore the impact of COVID-19 on energy consumption across the whole distribution. The study's outcomes underscored that compared to renewable energy, non-renewable energy consumption was more affected by the COVID-19 lockdown, and the overall energy consumption (both renewable and non-renewable) remained low. These findings accentuate global strategic management tools to tackle COVID-19 cooperatively and restore the energy mix. Such measures are critical for energy access, security, and evenhandedness.

Combating Energy Poverty in the Face of the COVID-19 Pandemic and the Global Economic Uncertainty

The effects of the global COVID-19 pandemic on the energy sector and the economy as a whole are being followed by the global energy crisis, which has been exacerbated by the war in Ukraine. The situation is particularly difficult for European countries, which are heavily dependent on imported energy from Russia. In the face of such economic uncertainty, it is necessary to analyze and assess the energy poverty situation in the region. The article overviews the extent of energy poverty among European Union (EU) countries and determines regional differences by comparing the situation, trends and policy measures applied, followed by the challenges and opportunities to combat energy poverty among households during the global COVID-19 crisis and economic uncertainty. A scientific literature review was performed and the effect of the COVID-19 pandemic on the energy poverty of households was identified. Moreover, a set of indicators reflecting the extent of energy poverty in different EU countries has been developed and an analysis of indicators was performed by comparing the situation, trends and policy measures applied.

Various Facets of Sustainable Smart City Management: Selected Examples from Polish Metropolitan Areas

Sustainable City solutions can become an essential element of the development of contemporary urban communities. This development path can also provide opportunities for organisations operating in cities and metropolises. An inherent feature of the organisation which a city constitutes is that it enables the people who make it up to cooperate. Climate packages, including the Green Deal and Fit for 55, are implemented in Europe, while in Poland decarbonisation processes are underway. The main challenges in this area include, on the one hand, a search for savings of energy consumed, and, on the other hand, a reduction in pollution resulting from the use of transport or heat or energy sources. Cities and metropolises will become green only when they manage to cope with these problems. The article aims at showing various facets of sustainable smart city management. With relations, information and knowledge gaining importance as the key organisational resource, cities have become, as organisations, an essential element of contemporary societies and organisations. In recent times, the harmful emissions from heating installations have drawn the attention of the public opinion in Poland. Polish municipalities distribute heat which mostly comes from local, most often district heating systems where energy is generated on a wide scale from coal combustion. This study compares the results of an air quality survey and those of a case study to assess the potential for the implementation of an automated heat control system in cities. On the basis of solutions implemented in the Warsaw Metropolis, the possibility of their implementation in the Upper Silesian (GZM) and Poznań Metropolises, too, was also assessed. Throughout Poland, there is a large potential for the application of innovative smart technologies in district heating systems to reduce the levels of harmful emissions. These reductions, which are still possible, could translate into a significant improvement in the attractiveness and competitiveness of municipalities. Finally, practical recommendations are being provided.

Impacts of COVID-19 on Energy Expenditures of Local Self-Government Units in Poland

Measures taken by the public administration to prevent the spread of the COVID-19 pandemic have led to drastic consequences for the economy. The full identification of its effects is hindered due to the delay in publishing the results of public statistics. The use of financial reports prepared by self-government authorities of all municipalities in Poland made it possible to obtain preemptive information in relation to the public statistics regarding the impact of COVID-19-related limitations on the energy expenditures incurred by local government units (LGUs), as well as an assessment of to what extent the LGUs had rationalized the energy consumption. By contrast, data from reports of energy companies made it possible to determine the impact of restrictions arising from the pandemic on the amount of energy sold and revenues from sales made by these companies. The analyses use indexes of the dynamics of changes in energy prices as well as indexes of the dynamics of changes in energy expenditures incurred by LGUs. Additionally, distributions of these indexes for the populations of municipalities are analyzed. To assess the effect of economic activity on energy expenditures incurred by LGUs, classification trees are utilized. It is established that the total production and sales of energy in Poland, in volume, in each quarter of 2020 were lower than in the corresponding period of the preceding year. However, as a result of an increase in energy prices by approximately 25%, the sales of electric power generating companies, in amounts, were higher in 2020 than in 2019. The increase in energy prices was also a cause of slightly increased total expenditures for purchasing energy in LGUs in Poland, which increased by 2.15% in 2020 compared to 2019. However, a substantial diversity in expenditure indexes was observed. That concerned both total expenditures and expenditures within individual sections of the budgets of municipalities.