IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v13y2020i10p2592-d360504.html
   My bibliography  Save this article

Analyzing the Criteria of Efficient Carbon Capture and Separation Technologies for Sustainable Clean Energy Usage

Author

Listed:
  • Haibing Liu

    (School of Economics and Management, Lanzhou Jiaotong University, Lanzhou 730070, China
    School of Management, Zhejiang University, Hangzhou 310000, China)

  • Serhat Yüksel

    (School of Business, İstanbul Medipol University, Istanbul 34815, Turkey)

  • Hasan Dinçer

    (School of Business, İstanbul Medipol University, Istanbul 34815, Turkey)

Abstract

This study focuses on carbon capture and distribution technology, which is a new approach to the solution of this problem. In order to use this technology more effectively, six significant criteria are defined by considering the essentials of the international Loss Control Institute and the supported literature. Moreover, the analytic network process (ANP) is applied for measuring the relative importance of each factor. The findings demonstrate that organizational factor has the greatest importance, whereas market factor is the weakest element. In addition, the education of the personnel is the most important criterion for low-cost industrial carbon dioxide capture and separation technologies. In this context, it is seen that companies need competent personnel in order to reduce the costs of these products. There are two types of strategies that companies can develop to achieve this goal. Firstly, it would be appropriate for companies to provide their staff with the necessary training on carbon capture and storage technologies. The second most important strategy is for the new personnel to be employed in the company. When choosing new employees, it is necessary to measure whether they have sufficient knowledge about this technology. These strategies will contribute to lower costs when developing products for carbon capture and storage technology.

Suggested Citation

  • Haibing Liu & Serhat Yüksel & Hasan Dinçer, 2020. "Analyzing the Criteria of Efficient Carbon Capture and Separation Technologies for Sustainable Clean Energy Usage," Energies, MDPI, vol. 13(10), pages 1-12, May.
    • Handle: RePEc:gam:jeners:v:13:y:2020:i:10:p:2592-:d:360504
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/13/10/2592/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/13/10/2592/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Henri, Jean-François & Boiral, Olivier & Roy, Marie-Josée, 2016. "Strategic cost management and performance: The case of environmental costs," The British Accounting Review, Elsevier, vol. 48(2), pages 269-282.
    2. Xiaotao (Kelvin) Liu & Xiaoxia Liu & Colin D. Reid, 2019. "Stakeholder Orientations and Cost Management," Contemporary Accounting Research, John Wiley & Sons, vol. 36(1), pages 486-512, March.
    3. Botín, José A. & Vergara, Marcelo A., 2015. "A cost management model for economic sustainability and continuos improvement of mining operations," Resources Policy, Elsevier, vol. 46(P2), pages 212-218.
    4. Wen, Chuang & Karvounis, Nikolas & Walther, Jens Honore & Yan, Yuying & Feng, Yuqing & Yang, Yan, 2019. "An efficient approach to separate CO2 using supersonic flows for carbon capture and storage," Applied Energy, Elsevier, vol. 238(C), pages 311-319.
    5. Zeki Ayağ & Ahmet Yücekaya, 2019. "A Fuzzy ANP-Based GRA Approach to Evaluate ERP Packages," International Journal of Enterprise Information Systems (IJEIS), IGI Global, vol. 15(1), pages 45-68, January.
    6. Orlando Durán & Paulo Sergio Afonso & Paulo Andrés Durán, 2019. "Spare Parts Cost Management for Long-Term Economic Sustainability: Using Fuzzy Activity Based LCC," Sustainability, MDPI, vol. 11(7), pages 1-14, March.
    7. Ashraf, Junaid & Uddin, Shahzad, 2016. "New public management, cost savings and regressive effects: A case from a less developed country," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 41(C), pages 18-33.
    8. Ulf Diefenbach & Andreas Wald & Ronald Gleich, 2018. "Between cost and benefit: investigating effects of cost management control systems on cost efficiency and organisational performance," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 29(1), pages 63-89, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bing Wang & Lu Li & Kailei Deng & Haotian Ge & Hanchen Liu, 2022. "Structure Optimization of Academic Disciplines for Universities Featuring Energy under the Roadmap towards Carbon Neutrality: Results from a Hybrid Fuzzy-Based Method," Energies, MDPI, vol. 15(13), pages 1-20, June.
    2. Andrey Rogalev & Nikolay Rogalev & Vladimir Kindra & Ivan Komarov & Olga Zlyvko, 2021. "Research and Development of the Oxy-Fuel Combustion Power Cycles with CO 2 Recirculation," Energies, MDPI, vol. 14(10), pages 1-18, May.
    3. Youqiang Ding & Yufeng Hu, 2021. "Inflection Point of Green Total Factor Productivity by Low-Carbon Regulation from Chinese Economics Recovery," Sustainability, MDPI, vol. 13(22), pages 1-15, November.
    4. Niu, Xiaoqin & Yüksel, Serhat & Dinçer, Hasan, 2023. "Emission strategy selection for the circular economy-based production investments with the enhanced decision support system," Energy, Elsevier, vol. 274(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rayenda Khresna Brahmana & Maria Kontesa, 2021. "Does clean technology weaken the environmental impact on the financial performance? Insight from global oil and gas companies," Business Strategy and the Environment, Wiley Blackwell, vol. 30(7), pages 3411-3423, November.
    2. Karim Charaf & Ahmed Fath-Allah Rahmouni & Mohamed Sabar, 2022. "The Association Between Activity-Based Costing And Performance: Empirical Evidence From Moroccan Companies," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 21(1), pages 25-50, March.
    3. Alawattage, Chandana & Alsaid, Loai Ali, 2018. "Accounting and structural reforms: A case study of Egyptian electricity," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 50(C), pages 15-35.
    4. Modell, Sven, 2017. "Critical realist accounting research: In search of its emancipatory potential," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 42(C), pages 20-35.
    5. Jia Xue & Youshi He & Ming Liu & Yin Tang & Hanyang Xu, 2021. "Incentives for Corporate Environmental Information Disclosure in China: Public Media Pressure, Local Government Supervision and Interactive Effects," Sustainability, MDPI, vol. 13(18), pages 1-20, September.
    6. Jafar Ojra & Abdullah Promise Opute & Mohammad Mobarak Alsolmi, 2021. "Strategic management accounting and performance implications: a literature review and research agenda," Future Business Journal, Springer, vol. 7(1), pages 1-17, December.
    7. Akshay Hinduja & Manju Pandey, 2019. "An Integrated Intuitionistic Fuzzy MCDM Approach to Select Cloud-Based ERP System for SMEs," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 18(06), pages 1875-1908, November.
    8. Canace, Thomas G. & Cianci, Anna M. & (Kelvin) Liu, Xiaotao & Tsakumis, George T., 2020. "Paid for looks when others are looking: CEO facial traits, compensation, and corporate visibility," Journal of Business Research, Elsevier, vol. 115(C), pages 85-100.
    9. Yu-Yu Ma & Chia-Liang Lin & Hung-Lung Lin, 2023. "Ranking of Service Quality Index and Solutions for Online English Teaching in the Post-COVID-19 Crisis," Mathematics, MDPI, vol. 11(18), pages 1-24, September.
    10. Zhenghui Li & Gaoke Liao & Khaldoon Albitar, 2020. "Does corporate environmental responsibility engagement affect firm value? The mediating role of corporate innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1045-1055, March.
    11. Kim, Jonghwan (Simon) & Ra, Kyeongheum, 2022. "Employee satisfaction and asymmetric cost behavior: Evidence from Glassdoor," Economics Letters, Elsevier, vol. 219(C).
    12. Orlando Durán & Paulo Afonso & Víctor Jiménez & Katty Carvajal, 2023. "Cost of Ownership of Spare Parts under Uncertainty: Integrating Reliability and Costs," Mathematics, MDPI, vol. 11(15), pages 1-23, July.
    13. Orlando Durán & Fabián Orellana & Pablo Perez & Tamara Hidalgo, 2020. "Incorporating an Asset Health Index into a Life Cycle Costing: A Proposition and Study Case," Mathematics, MDPI, vol. 8(10), pages 1-18, October.
    14. Chen, Yufeng & Xu, Jing, 2023. "Digital transformation and firm cost stickiness: Evidence from China," Finance Research Letters, Elsevier, vol. 52(C).
    15. Li, Tongxia & Lu, Chun, 2022. "Stakeholder orientation and cost stickiness: Evidence from a natural experiment," Finance Research Letters, Elsevier, vol. 47(PA).
    16. Uyar, Ali & Kuzey, Cemil, 2016. "Does management accounting mediate the relationship between cost system design and performance?," Advances in accounting, Elsevier, vol. 35(C), pages 170-176.
    17. Aliabadi, Mohammad Ali Faghih & Lakzian, Esmail & Khazaei, Iman & Jahangiri, Ali, 2020. "A comprehensive investigation of finding the best location for hot steam injection into the wet steam turbine blade cascade," Energy, Elsevier, vol. 190(C).
    18. Yan Yang & Haoping Peng & Chuang Wen, 2019. "Sand Transport and Deposition Behaviour in Subsea Pipelines for Flow Assurance," Energies, MDPI, vol. 12(21), pages 1-12, October.
    19. Lee, Ruby P. & Wei, Susan, 2023. "Do employee orientation and societal orientation matter in the customer orientation—Performance link?," Journal of Business Research, Elsevier, vol. 159(C).
    20. Li, Tongxia & Lu, Chun & Chen, Zhihua, 2023. "The unintended consequence of collateral-based financing: Evidence from corporate cost behavior," Journal of Contemporary Accounting and Economics, Elsevier, vol. 19(1).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:13:y:2020:i:10:p:2592-:d:360504. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.