Renewable energies and operational and environmental efficiencies of the US oil and gas companies: A True Fixed Effect model

Energy economics and environment protection are important issues in a modern society that aspires to aim at sustainable development. The evaluation of environmental and operational efficiency would be an important first step towards sustainable development. Renewable energies, especially hydroelectr...

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Autor principal:	Sami Jarboui
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2021
Materias:	Renewable energies Biomass energy Operational efficiency Environmental efficiency Oil & gas companies True fixed effect model Electrical engineering. Electronics. Nuclear engineering TK1-9971
Acceso en línea:	https://doaj.org/article/37e199f816a84c26977e3515732c701c
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spelling	oai:doaj.org-article:37e199f816a84c26977e3515732c701c2021-11-28T04:33:39ZRenewable energies and operational and environmental efficiencies of the US oil and gas companies: A True Fixed Effect model2352-484710.1016/j.egyr.2021.04.032https://doaj.org/article/37e199f816a84c26977e3515732c701c2021-11-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S2352484721002481https://doaj.org/toc/2352-4847Energy economics and environment protection are important issues in a modern society that aspires to aim at sustainable development. The evaluation of environmental and operational efficiency would be an important first step towards sustainable development. Renewable energies, especially hydroelectricity, geothermal, solar and wind, are playing an increasingly important role in the energy sector. Therefore, oil & gas companies are progressively transforming into energy companies following an energy transition policy. This raises the question whether the renewable energies promote the environmental and operational efficiency of petroleum companies. First, this paper examines two types of efficiency measures – operational and environmental – for 45 US oil & gas companies during the period 2000–2018 using on the true fixed effect (TFE) model. Second, this research aims to study the effect of renewable energies on both types of efficiency. The results reveal that the overall average operational efficiency (desirable output) of the US oil & gas companies is 76% for a period of 19 years, while the overall average level of CO2 emissions efficiency (undesirable output) of the oil & gas companies is 79%. The results highlight that US oil & gas companies have begun to transition to low CO2 emission in recent years. Furthermore, the renewable energies and biomass energies contribute to destroying the operational efficiency and to promote the environmental efficiency of oil & gas companies.Sami JarbouiElsevierarticleRenewable energiesBiomass energyOperational efficiencyEnvironmental efficiencyOil & gas companiesTrue fixed effect modelElectrical engineering. Electronics. Nuclear engineeringTK1-9971ENEnergy Reports, Vol 7, Iss , Pp 8667-8676 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Renewable energies Biomass energy Operational efficiency Environmental efficiency Oil & gas companies True fixed effect model Electrical engineering. Electronics. Nuclear engineering TK1-9971
spellingShingle	Renewable energies Biomass energy Operational efficiency Environmental efficiency Oil & gas companies True fixed effect model Electrical engineering. Electronics. Nuclear engineering TK1-9971 Sami Jarboui Renewable energies and operational and environmental efficiencies of the US oil and gas companies: A True Fixed Effect model
description	Energy economics and environment protection are important issues in a modern society that aspires to aim at sustainable development. The evaluation of environmental and operational efficiency would be an important first step towards sustainable development. Renewable energies, especially hydroelectricity, geothermal, solar and wind, are playing an increasingly important role in the energy sector. Therefore, oil & gas companies are progressively transforming into energy companies following an energy transition policy. This raises the question whether the renewable energies promote the environmental and operational efficiency of petroleum companies. First, this paper examines two types of efficiency measures – operational and environmental – for 45 US oil & gas companies during the period 2000–2018 using on the true fixed effect (TFE) model. Second, this research aims to study the effect of renewable energies on both types of efficiency. The results reveal that the overall average operational efficiency (desirable output) of the US oil & gas companies is 76% for a period of 19 years, while the overall average level of CO2 emissions efficiency (undesirable output) of the oil & gas companies is 79%. The results highlight that US oil & gas companies have begun to transition to low CO2 emission in recent years. Furthermore, the renewable energies and biomass energies contribute to destroying the operational efficiency and to promote the environmental efficiency of oil & gas companies.
format	article
author	Sami Jarboui
author_facet	Sami Jarboui
author_sort	Sami Jarboui
title	Renewable energies and operational and environmental efficiencies of the US oil and gas companies: A True Fixed Effect model
title_short	Renewable energies and operational and environmental efficiencies of the US oil and gas companies: A True Fixed Effect model
title_full	Renewable energies and operational and environmental efficiencies of the US oil and gas companies: A True Fixed Effect model
title_fullStr	Renewable energies and operational and environmental efficiencies of the US oil and gas companies: A True Fixed Effect model
title_full_unstemmed	Renewable energies and operational and environmental efficiencies of the US oil and gas companies: A True Fixed Effect model
title_sort	renewable energies and operational and environmental efficiencies of the us oil and gas companies: a true fixed effect model
publisher	Elsevier
publishDate	2021
url	https://doaj.org/article/37e199f816a84c26977e3515732c701c
work_keys_str_mv	AT samijarboui renewableenergiesandoperationalandenvironmentalefficienciesoftheusoilandgascompaniesatruefixedeffectmodel
_version_	1718408309856272384

Renewable energies and operational and environmental efficiencies of the US oil and gas companies: A True Fixed Effect model

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