Template-type: ReDIF-Article 1.0 Author-Name: Ester Benigni Author-Name: Elisabetta Bourla Author-Name: Fabio Conza Author-Name: Stefano Nova Title: The reform of the EU electricity market: An Italian point of view Abstract: This article aims to provide a critical analysis of the European Commission communication for a reform of electricity market design, proposed primarily after the energy crisis deriving from the Russia-Ukraine conflict. In particular, the present document highlights some reflections for more in-depth analyses of the electricity market modelling trends in response to crisis factors of a purely endogenous nature (e.g. drought, heat waves, a gradual phasing out of electric power generation with regulating capacity and its replacement with intermittent generation, simultaneous stresses) in relation to a profoundly changing ecosystem. Classification-JEL: Q48, D 47, L98 Keywords: Note: Pages:5-17 Volume: 2023/2 Year: 2023 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=74339&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:efeefe:v:html10.3280/EFE2023-002001 Number: 1 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=74339 Template-type: ReDIF-Article 1.0 Author-Name: Souleymane Diallo Title: Natural resource wealth in sub-Saharan Africa: A boon for public investment in renewable energy? Abstract: This paper examines the role of natural resource wealth in financing public investment in renewable energy in 25 sub-Saharan African countries over the period 1996 to 2019. Results from two step system Generalized Method of Moments (GMM) estimates reveal that natural resource wealth negatively affects public investment in renewable energy. A distinction between the types of natural resources allowed to establish that this negative effect comes exclusively from the rents of point natural resources. Furthermore, the results show that institutional quality and human capital favor public investment in renewable energy. These results are robust when using the Driscoll-Kraay estimator. In terms of policy implications, it is imperative to promote good governance of natural resource rents, especially those from point source resources. It will also be necessary to redirect these rents towards the financing of structuring projects such as renewable energies in order to promote sustainable development. Classification-JEL: Q42, Q32, Q28 Keywords: Note: Pages:19-40 Volume: 2023/2 Year: 2023 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=74340&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:efeefe:v:html10.3280/EFE2023-002002 Number: 2 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=74340 Template-type: ReDIF-Article 1.0 Author-Name: Andrea Molocchi Title: Valuing the social cost of carbon: Do economists really care about climate change? Abstract: The aim of the article is to analyse the scientific literature of the last decade on the social cost of carbon to identify and discuss the best values representing the external cost of CO2 emis-sions calculated with a damage valuation approach, to use in cost-benefit analysis and in other external costs applications, such as Life Cycle Assessment. The social cost of carbon repre-sents the present value of the global damages of climate change attributable to the emission of an additional ton of carbon dioxide into the atmosphere. The measurement of the social cost of carbon is fundamental in the transition to a net zero emissions economy because it allows bal-ancing the costs of investments needed for decarbonization with their benefits in terms of avoided climate damages. The paper develops and applies a method for identifying the best social cost of carbon estimates, that starts from study reviews conducted within institutional processes (IPCC, OECD, US Government bodies), to then analyse the study reviews made in academic or research contexts and only in the end it delves into selected academic studies that provide original estimates of the social cost of carbon. The method allowed to identify and dis-cuss a robust even if conservative estimate of the social cost of carbon for emissions in the period 2020-2080, recently elaborated by the US Environmental Protection Agency, that can be used worldwide, for example to update the reference external cost values for CO2 emis-sions recommended by the European Commission Handbook on external cost of transport. Classification-JEL: Q48, Q54, Q58, H23, D61, D62 Keywords: Note: Pages:41-76 Volume: 2023/2 Year: 2023 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=74341&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:efeefe:v:html10.3280/EFE2023-002003 Number: 3 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=74341 Template-type: ReDIF-Article 1.0 Author-Name: Laureen Deman Author-Name: Quentin Boucher Author-Name: Sonia Djebali Author-Name: Guillaume Guerard Author-Name: C?dric Clastres Title: Bidding strategy of storage hydropower plants in reserve markets Abstract: The increasing share of intermittent sources of energy will increase the need for frequency-control reserves. However, the supply from gas and coal-fired power plants might decrease in the following years. Being the procurement of reserves mostly market-based in Europe, the market design should send price signals to encourage participation in these markets. This pa-per analyses the incentives provided by the French market design for seasonal storage and pumped storage hydropower plants to participate in reserve markets. To that end, a determinis-tic mixed-integer linear optimization model is presented. The objective is to maximize profits in the energy and reserve markets according to 2019 market prices. By optimising the trade-offs between the day-ahead and the reserve markets, the storage hydropower plant increase its profits. The pumped storage hydropower plant sometimes chooses the Frequency Contain-ment Reserve market or the day-ahead market only. The apparition of some hours of FCR par-ticipation with the pumped storage plant is explained by its higher number of generating hours and by the higher volatility of reserve energy prices. These two factors also explain the greater response of the pumped storage plant to the incentive measures on the FCR market. Classification-JEL: Q25, Q41, Q49 Keywords: Note: Pages:77-101 Volume: 2023/2 Year: 2023 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=74342&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:efeefe:v:html10.3280/EFE2023-002004 Number: 4 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=74342 Template-type: ReDIF-Article 1.0 Author-Name: Mohammed Seghir Guellil Author-Name: Mohamed Hadj Ahmed Author-Name: Samir Ghouali Author-Name: Most?fa Belmokaddem Title: Measures to promote energy, economic and environmental sustainability for an optimal workforce portfolio between Algerian sectors at the 2030 horizon using fuzzy goal programming approach Abstract: Navigating towards a sustainable future, Algeria engages in strategic resource management to fulfill its 2030 vision. This study delineates a Fuzzy Goal Programming (FGP) model, inte-grating economic objectives with ecological and energy sustainability. The framework priori-tizes renewable energy, marking a decisive pivot from traditional hydrocarbon reliance to meet global environmental mandates. It also maps out a strategic redistribution of the workforce, signifying a shift towards a diversified, innovation-led economy that embraces sustainable methodologies. The implementation of the model offers a robust, empirical tool for decision-makers, harmonizing Algeria?s specific socio-economic attributes with broader, global sus-tainability trends. The outcome is a blueprint for a robust, renewable-centric economy, posi-tioning Algeria at the forefront of sustainable development and energy reform. Classification-JEL: C02, C61, J45, J61, O55, O41 Keywords: Note: Pages:103-121 Volume: 2023/2 Year: 2023 Issue:2 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=74343&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:efeefe:v:html10.3280/EFE2023-002005 Number: 5 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=74343