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The sustainable development of enterprises is based on three pillars: economic, social, and environmental. Sustainable development aims to limit climate change and its negative impact on the natural environment. The main aim of this paper is to assess the impact of selected energy economy factors (government expenditure, environmental taxes, outlays on renewable energy sources, prices of futures contracts for CO2 emissions, outlays on R&D, and the EU Emissions Trading System (ETSEU)) on the sustainable development of the energy sectors in Bulgaria, Czechia, Estonia, and Poland, from 2008 to 2022. We use the correlation coefficients, the Ordinary Least Squares (OLS), Vector Autoregressive (VAR) Models, and the simultaneous equation. The research results indicate a variation in the direction and strength of the influence of individual economic factors in the studied countries (p < 0.05). The results can support operational and strategic decisions sustaining the sustainable development of enterprises in the analyzed countries. The results indicate the need to reform selected economic factors, with an emphasis on the increased importance of environmental taxes and the reform of the EU ETS, which is a key tool for reducing greenhouse gas emissions cost-effectively. [ABSTRACT FROM AUTHOR]

Almost all countries have committed to develop Nationally Determined Contributions (NDC) to reduce GHG emissions. They determine the level of GHG mitigation that, as a nation, they will commit to reducing. Zimbabwe has ambitious and laudable GHG mitigation targets. Compared to a coal-based future, emissions will be reduced by 33% per capita by 2030. If historical climate conditions continue, it can do this at low or negative cost if suitable sources of climate financing are in place. The NDC plots a positive future. However, much of Zimbabwe's NDC mitigation center on hydropower generation and other measures that are dangerously vulnerable to climate change. Should the climate change in accordance with recent projections, these investments will be at risk, severely constraining electricity supply and causing high degrees of economic damage. This paper uses the Open-Source energy Modelling SYStem (OSeMOSYS) to consider two adaptation pathways that address this vulnerability. In the first, the country turns to a historically accessible option, namely the deployment of coal. In so doing, the electrical system is made more resilient, but emissions ramp up. The second pathway 'climate proofs' the power sector by boosting solar and wind capacity, using hydropower to provide balance for these new renewable resources, and introducing significant energy efficiency measures. This second pathway would require a set of extra accompanying investments and changes to the power market rules, but allows for both system resilience and NDC targets to be met. The paper shows that Zimbabwe's low emissions growth can be made resilient, and while this path promises strong benefits, it also requires strong commitment and political will. From this paper insights are drawn and requirements for future analysis are made. Two critical insights are that: (i) NDCs that focus on mitigation should include resilience in their design. If they do not, they can introduce deep vulnerability; (ii) a departure from historical electricity market structures appears to hold potential for strong environmental, cost and reliability gains. [ABSTRACT FROM AUTHOR]

This paper reviews the many criticisms that Integrated Assessment Models (IAMs)—the bedrock of mitigation analysis—have received in recent years. Critics have asserted that there is a lack of transparency around model structures and input assumptions, a lack of credibility in those input assumptions that are made visible, an over-reliance on particular technologies and an inadequate representation of real-world policies and processes such as innovation and behaviour change. The paper then reviews the proposals and actions that follow from these criticisms, which fall into three broad categories: scrap the models and use other techniques to set out low-carbon futures; transform them by improving their representation of real-world processes and their transparency; and supplement them with other models and approaches. The article considers the implications of each proposal, through the particular lens of how it would explore the role of a key low-carbon technology—bioenergy with carbon capture and storage (BECCS), to produce net negative emissions. The paper concludes that IAMs remain critically important in mitigation pathways analysis, because they can encompass a large number of technologies and policies in a consistent framework, but that they should increasingly be supplemented with other models and analytical approaches. [ABSTRACT FROM AUTHOR]

Climate change poses profound threats to the Earth and its people. Its mitigation, therefore, demands common but differentiated actions with comprehensive and coordinated approach. The global community has pledged to mitigate various greenhouse gases in some international soft law instruments. Exploitation of renewables to generate energy and produce electricity is simultaneously suggested for the last couple of decades as a viable alternative in mitigating climate change. This gets momentum with the adoption of the historical and universally ratified Paris Agreement in 2016 where energy is placed at the heart of the Agreement. Energy, where renewable energy is a branch, is generally regulated and governed domestically and so, international legal regime is still evolving in this regard. In the absence of any specific and direct international instrument on energy and renewable energy, published literatures have considered this topic from different directions ranging from climate change to the principle of national sovereignty, economic, trade and investment issues. In this backdrop, this paper aims to introduce various renewable sources, prospects and challenges in their promotion that may help to mitigate the adverse effects of climate change. Relevant international law provisions have been evaluated, performances of the relevant regional and international organizations active in this sector are highlighted and some of the disputes in this area considered in international forums are duly addressed. It is revealed that strong political will of the global community in fulfilling their commitments made so far in different international forums is the key to transforming the world into a better one for the future generation. [ABSTRACT FROM AUTHOR]