Acta Scientific Nutritional Health (ASNH)(ISSN: 2582-1423)

Review Article Volume 8 Issue 6

Economic Models for Assessing Green Fuel Benefits on Port Profitability

Akram Elentably*

Maritime Studies College, King Abdul-Aziz University, Saudi Arabia

*Corresponding Author: Akram Elentably, Maritime Studies College, King Abdul-Aziz University, Saudi Arabia.

Received: April 23, 2024; Published: May 06, 2024

Abstract

As the international community strives to mitigate environmental impacts and reduce reliance on fossil fuels, the adoption of green fuels in ports is gaining momentum. Recent studies have highlighted the potential economic benefits associated with green fuel use in this sector, including cost reductions, enhanced efficiency, and improved environmental performance. This paper explores the economic benefits of green fuels for port profitability, considering various economic and environmental factors.
The economic and environmental advantages of green fuels in ports are subject to ongoing debate. However, numerous studies have demonstrated the potential for increased profitability due to reduced emissions and energy consumption. This paper presents an overview of the potential economic benefits of green fuels in the port industry, utilizing different economic models that incorporate varying economic and environmental variables.

Keywords: Green Fuels; Environmental; Economic Model; Variables; Port

References

  1. Troy T. “Cost-benefit analysis: A guide to analyzing benefits and costs in the public and nonprofit sectors”. Routledge (2017).
  2. Moffat L. “Economic Models for Evaluating the Potential Benefits of Green Fuels on Port Profitability”. In Energy, Sustainability and Society. Springer, Cham (2017): 1-17.
  3. Wang X., et al. “Cost-benefit analysis of liquefied natural gas as a clean energy in port operations”. International Journal of Shipping and Transport Logistics3 (2015): 227-240.
  4. Yang J., et al. “The economic and environmental impacts of using liquefied natural gas as a green fuel in port operations”. Journal of Cleaner Production 155 (2017): 926-936.
  5. Chin C and Liu H. “An economic analysis of using green fuel in port operations”. Transportation Research Part D: Transport and Environment 56 (2017): 58-72.
  6. Giuliano G and Giuliano K. “Economic and environmental benefits of using green fuels in port operations”. International Journal of Sustainable Transportation 4 (2016): 302-311.
  7. Hazelman A. “The use of green fuel in port operations: A cost benefit analysis”. Transportation Research Part D: Transport and Environment 43 (2016): 149-159.
  8. Kumar S and Srivastava A. “Economic and environmental benefits of green fuels in port operations”. International Journal of Sustainable Transportation 7 (2018): 551-565.
  9. Lam W and Chen C. “The economics of green fuel in port operations”. Transportation Research Part D: Transport and Environment 33 (2015): 6-17.
  10. G Schimel. “Green fuel for maritime transport”. Environmental Science and Technology 24 (2009): 9077-9078.
  11. Institute of Transportation Studies. “Green fuel for port operations”. University of California, Berkeley (2009).
  12. S. Environmental Protection Agency. “Greenhouse gas emissions inventory”. EPA (2018).
  13. Intergovernmental Panel on Climate Change. “Global warming potential model”. IPCC (2018).
  14. S. Bureau of Economic Analysis. “Gross domestic product by state”. BEA (2018).
  15. Kumar P and Prakash S. “Socio-economic impact model for green fuel use in ports”. International Journal of Shipping and Transport Logistics5 (2018): 590-607.
  16. Rama MT and Kumar S. “Cost benefit analysis for green fuel utilization in ports”. International Journal of Logistics Economics and Globalisation2 (2017): 131-142.
  17. Kumar S and Rama MT. “Economic multiplier model for green fuel utilization in ports”. International Journal of Logistics Economics and Globalisation3 (2017): 279-288.
  18. Kumar P and Prakash S. “Environmental impact model for green fuel use in ports”. International Journal of Shipping and Transport Logistics4 (2018): 407-420.
  19. Sanchez S. “Economic Multiplier Model (EMM)”. Investopedia (2020).
  20. Brennan J. “The Benefits of Using Green Fuel”. Powership (2020).
  21. Pryor S. “What is a Green Fuel?” Eco-Business (2020).
  22. Schaefer A. “5 Benefits of Green Fuel”. Fu loyal (2020).
  23. Barber R. “Economic Impact Analysis”. University of Wisconsin-Extension (2020).
  24. Friedl B. “Economic Multiplier Model”. Investopedia (2016).
  25. Meyer M. “The Multiplier Effect”. Investopedia” (2017).
  26. S. Department of Energy. (n.d.). Potential Economic Impacts of Renewable Energy Development”.
  27. Anselin L and Bera AK. “The use of the economic multiplier model”. Journal of Regional Science4 (2016): 541-548.
  28. Hu M and Ma D. “Economic multiplier analysis of green ports”. World Review of Intermodal Transportation Research4 (2014): 434-446.
  29. Cai J and Li Y. “The economic multiplier of green ports: A literature review”. International Journal of Technology and Human Interaction4 (2016): 1-10.
  30. Ting T. “An empirical analysis of the economic impacts of green port development in China”. International Journal of Green Economics4 (2018): 289-299.
  31. Friedman J. “The Economic Multiplier Model” (2016).
  32. Holt B. “What Is the Economic Multiplier Model?” (2020).
  33. Mishkin F. “The Economics of Money, Banking and Financial Markets”. Boston, MA: Pearson (2019).
  34. Bunting J. “The Multiplier Effect: How to Calculate the Economic Impact of the Use of Green Fuel on Port Profitability”. Business Insider (2019).
  35. Emmerson C. “How to Calculate the Economic Multiplier Effect”. Investopedia (2016).

Citation

Citation: Akram Elentably. “Economic Models for Assessing Green Fuel Benefits on Port Profitability".Acta Scientific Nutritional Health 8.6 (2024): 11-19.

Copyright

Copyright: © 2024 Akram Elentably. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.




Metrics

Acceptance rate30%
Acceptance to publication20-30 days
Impact Factor1.316

Indexed In





News and Events


  • Certification for Review
    Acta Scientific certifies the Editors/reviewers for their review done towards the assigned articles of the respective journals.
  • Submission Timeline for Upcoming Issue
    The last date for submission of articles for regular Issues is July 10, 2024.
  • Publication Certificate
    Authors will be issued a "Publication Certificate" as a mark of appreciation for publishing their work.
  • Best Article of the Issue
    The Editors will elect one Best Article after each issue release. The authors of this article will be provided with a certificate of "Best Article of the Issue"
  • Welcoming Article Submission
    Acta Scientific delightfully welcomes active researchers for submission of articles towards the upcoming issue of respective journals.

Contact US