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Enhancing Energy and Environmental Efficiency in the Power Sectors: A Case Study of Singapore and China

Author

Listed:
  • Muhammad Mohsin

    (School of Finance and Economics, Jiangsu University, Zhenjiang 212013, P. R. China)

  • Han Phoumin

    (Economic Research Institute for ASEAN and East Asia, Jakarta, Indonesia)

  • Ik Joong Youn

    (Hallym University of Graduate Studies, Seoul, Korea)

  • Farhad Taghizadeh-Hesary

    (School of Global Studies, Tokai University, Japan5TOKAI Research Institute for Environment and Sustainability (TRIES), Japan)

Abstract

This study investigates the determinants of efficiency in the energy sectors of China and Singapore. It examines three possible futures for the electricity industry in China and Singapore: business as usual, energy efficiency improvement, and regulation and incentive improvement. A panel dataset was subjected to cross-sectional analysis using data envelopment analysis and Tobit regression. In the last 10 years, the electric power sector has reduced carbon dioxide, sulfur dioxide, nitrogen dioxide, and mercury emission rates by 90%, 88%, and 95%, respectively, as a result of imperatives for the closing of small coal-fired power stations, air emissions regulations and the utilisation of renewable energy initiatives. Finally, it is suggested that the maximum capabilities of such expenditures can only be achieved if they are considered and involved in the project discovery process, rather than just as an add-on to initiatives initially planned as demand initiatives.

Suggested Citation

  • Muhammad Mohsin & Han Phoumin & Ik Joong Youn & Farhad Taghizadeh-Hesary, 2021. "Enhancing Energy and Environmental Efficiency in the Power Sectors: A Case Study of Singapore and China," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 23(03n04), pages 1-26, December.
    • Handle: RePEc:wsi:jeapmx:v:23:y:2021:i:03n04:n:s1464333222500181
    DOI: 10.1142/S1464333222500181
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    Cited by:

    1. Wang, Dawei & Lin, Yi & Kou, Junhao, 2023. "Evolution from natural resources to trade dynamics: Paving the way for sustainable development goals," Resources Policy, Elsevier, vol. 86(PB).
    2. Liu, Zhaoyi & Tu, Yongqian, 2023. "Nexus among financial innovation, natural resources and economic recovery: A fresh empirical insight from China," Resources Policy, Elsevier, vol. 84(C).
    3. Wang, Jiacheng & Yang, Jianchao & Yang, Li, 2023. "Do natural resources play a role in economic development? Role of institutional quality, trade openness, and FDI," Resources Policy, Elsevier, vol. 81(C).
    4. Yang, Xiangqing & Long, Laishou, 2024. "Renewable energy transition and its implication on natural resource management for green and sustainable economic recovery," Resources Policy, Elsevier, vol. 89(C).
    5. Bai, Chengyu, 2024. "Financial development for sustainable resource efficiency: Fostering green growth in natural resource markets," Resources Policy, Elsevier, vol. 89(C).
    6. Zhang, Xuenan & Zhang, Jinxin & Wang, Hongling, 2024. "Resilient recovery strategies: Enhancing resiliency in natural resource markets for sustainable development," Resources Policy, Elsevier, vol. 90(C).
    7. Li, Jiaman & Dong, Kangyin & Wang, Kun & Dong, Xiucheng, 2023. "How does natural resource dependence influence carbon emissions? The role of environmental regulation," Resources Policy, Elsevier, vol. 80(C).
    8. Zheng, Xiangjie, 2024. "Driving green transformation: Innovations and green innovations in natural resource markets," Resources Policy, Elsevier, vol. 89(C).
    9. Wang, Jianda & Dong, Kangyin & Dong, Xiucheng & Taghizadeh-Hesary, Farhad, 2022. "Assessing the digital economy and its carbon-mitigation effects: The case of China," Energy Economics, Elsevier, vol. 113(C).
    10. Wang, Jianda & Dong, Kangyin & Wang, Kun, 2023. "Towards green recovery: Platform economy and its impact on carbon emissions in China," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 969-987.
    11. Zhao, Linhai & Chau, Ka Yin & Tran, Trung Kien & Sadiq, Muhammad & Xuyen, Nguyen Thi My & Phan, Thi Thu Hien, 2022. "Enhancing green economic recovery through green bonds financing and energy efficiency investments," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 488-501.
    12. Tan, Hua & Iqbal, Nadeem & Wu, Zhengzhong, 2022. "Evaluating the impact of stakeholder engagement for renewable energy sources and economic growth for CO2 emission," Renewable Energy, Elsevier, vol. 198(C), pages 999-1007.
    13. Arun Kumar & Mrinalini Pandey, 2023. "Social Media and Impact of Altruistic Motivation, Egoistic Motivation, Subjective Norms, and EWOM toward Green Consumption Behavior: An Empirical Investigation," Sustainability, MDPI, vol. 15(5), pages 1-16, February.
    14. Liu, Yang & Zhao, Xiaomeng & Dong, Kangyin & Jiang, Qingzhe, 2023. "Assessing the role of green finance in sustainable energy investments by power utilities: Evidence from China," Utilities Policy, Elsevier, vol. 84(C).
    15. Liu, Hongda & Huang, Feipeng & Huang, Jialiang, 2022. "Measuring the coordination decision of renewable energy as a natural resource contracts based on rights structure and corporate social responsibility from economic recovery," Resources Policy, Elsevier, vol. 78(C).
    16. Xu, Jialong & Moslehpour, Massoud & Tran, Trung Kien & Dinh, Khai Cong & Ngo, Thanh Quang & Huy, Pham Quang, 2023. "The role of institutional quality, renewable energy development and trade openness in green finance: Empirical evidence from South Asian countries," Renewable Energy, Elsevier, vol. 207(C), pages 687-692.
    17. Fan, Weina & Anser, Muhammad Khalid & Nasir, Muhammad Hamid & Nazar, Raima, 2023. "Uncertainty in firm innovation scheme and impact of green fiscal policy; Economic recovery of Chinese firms in the post-Covid-19 era," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1424-1439.

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