• 제목/요약/키워드: Emission Performance

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Carbon Emission Disclosure, Good Corporate Governance, Financial Performance, and Firm Value

  • KURNIA, Pipin;DARLIS, Edfan;PUTR, Adhitya Agri
    • The Journal of Asian Finance, Economics and Business
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    • 제7권12호
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    • pp.223-231
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    • 2020
  • This research aims to examine (1) the effect of carbon emission disclosure on firm value, (2) the effect of good corporate governance on firm value, (3) the mediating role of financial performance between carbon emission disclosure and firm value, and (4) the mediating role of financial performance between good corporate governance and firm value. The research sample includes 43 mining, agro, and manufacturing firms listed in the Indonesian Stock Exchange over the 2015-2017 period. Carbon emission disclosure is measured by an indicator of the Global Reporting Initiative Series of Environmental Aspect. Good corporate governance is measured by the corporate governance score of shareholder rights, boards of directors, outside directors, audit committee and internal auditor, and disclosure to investors. Financial performance is measured by return on assets, while firm value is measured by Tobin's Q. Data analysis uses the structural equation modeling. The result shows carbon emission disclosure and good corporate governance have no direct effect on firm value. On the other hand, financial performance mediates the effect of carbon emission disclosure and good corporate governance on firm value. It shows that higher carbon emission disclosure and good corporate governance are meaningless for the investor if they do not give any financial performance improvement.

Environmental Performance, Carbon Emission Disclosure, and Carbon Emission Intensity on Cost of Equity Capital: An Empirical Study in Indonesia

  • MARSELITA, Octa;Lindrianasari, Lindrianasari;ALVIA, Liza;EVANA, Einde
    • 산경연구논집
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    • 제12권11호
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    • pp.9-16
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    • 2021
  • Purpose: Carbon emissions have now become a major concern around the world, especially for the government and private sector. Unfortunately, in Indonesia, disclosure related to company carbon emissions is still done voluntarily. This research aims to provide empirical evidence on the effect of environmental performance, carbon emission disclosure, and carbon emission intensity on the cost of equity capital. Research design, data, and methodology: This research uses secondary data with a sample consisting of Indonesia companies that are sensitive to the environment and listed on the Indonesia Stock Exchange in 2017-2019. The analytical tool used in this research was multiple regression models. Result: The study found a carbon emission disclosure had a significant positive effect on the cost of equity capital. Carbon emission intensity and company size had a significant negative effect on the cost of equity capital. Meanwhile, environmental performance did not have a significant effect on the cost of equity capital. Conclusion: Therefore, the results of this research are expected to provide feedback to the company's stakeholders that environmental performance and carbon emissions are some of the points seen by investors in making investment decisions.

압축천연가스기관에서 부스트압력 변화에 따른 성능 및 배출가스에 관한 실험적 연구 (An Experimental Study on Performance & Exhaust Emission by Boost pressure Change in Compressed Natural Gas Engine)

  • 오용석
    • 한국생산제조학회지
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    • 제9권1호
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    • pp.53-59
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    • 2000
  • Recently air pollution is increased according to increase of vehicle. So many countries are studying about compressed natural gas engine. Research on the development of CNG dedicated engine that has important meaning both as a clean fuel and an alterna-tive energy to reduce the exhaust emission from diesel engine are actively going on these days. In this study the character-istics of CNG engine was investigated and the engine performance experimented by changing the parameters such as boost pressure. The CNG engine performance and exhaust emission were measured by engine performance mode at maximum load condition with increasing the rpm in the range of 1,000-2,200rpm. The exhaust emission was also measured at D-13 mode and compared to the emission regulation.

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The Effect of Carbon Emission Disclosure on Firm Value: Environmental Performance and Industrial Type

  • HARDIYANSAH, Mohammad;AGUSTINI, Aisa Tri;PURNAMAWATI, Indah
    • The Journal of Asian Finance, Economics and Business
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    • 제8권1호
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    • pp.123-133
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    • 2021
  • This research aims to examine the effect of carbon emission disclosure on firm value and to reveal environmental performance and industrial type as the moderating variables. This study used 82 samples of companies listed on the Indonesia Stock Exchange (IDX) and receiving awards in the Indonesian Sustainability Reporting Award (ISRA) in 2014-2018. This study used a multiple linear regression analysis to test the hypotheses. The results showed that carbon emission disclosure had a positive and significant effect on firm value as carbon emission disclosure is a form of corporate concern on environment positively responded by the market and becomes the basis for investors to make their considerations in assessing the company sustainability. Besides, environmental performance and industrial type can strengthen the influence relationship of carbon emission disclosure on firm value since environmental performance was assessed based on ISO 14001 certification ensuring that the company has tried to preserve the environmental sustainability by creating a good environmental management system. Moreover, companies categorized into high profile industrial type have tried to change their unfavorable image and avoid lawsuits by performing carbon emission disclosure to gain positive responses from the market.

EGR 적용 비도로 엔진의 쿨러 열화에 따른 질소산화물 배출특성 (NOx Emission Characteristic according to Aging of EGR Cooler in Non-Road Diesel Engine)

  • 이경복;오광철
    • 동력기계공학회지
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    • 제20권5호
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    • pp.37-45
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    • 2016
  • Exhaust gas recirculation has the advantage of being low-cost and easy to control of NOx emission. Therefore, it is most generally used to reduce NOx emission according to strengthen regulation. In the case of a non-road engine, such as the agricultural engine, since it mainly operate a middle or high-load state, NOx emission is decreased in accordance with the mapping range of the EGR rate, but results in an increase in the particulate matter which is caused to deposit and fouling problem of the EGR system. This problem has become an important issue for maintaining the performance of the engine, as well as emission performance. This study had examined the effects of cooler aging on the performance of heat transfer efficiency and NOx emission in non-road diesel engine. As a result of the EGR cooler aging during 200 hours engine operation, the cooling performance decreased about 25% compared with that of fresh cooler and the NOx emission increased about 14.6% on NRSC(non-road steady cycle) and 20% on NRTC(non-road transient cycle) compared with that of fresh cooler respectively.

The Influence of Fuel Spray Characteristics on the Engine Performance and Emission in the Direct Injection Type Diesel Engine

  • Bakar Rosli Abu;Lee Chang-Sik
    • 한국분무공학회지
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    • 제2권2호
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    • pp.43-50
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    • 1997
  • The purpose of this investigation is to carry out, the influence factor on the fuel spray characteristics for improve the engine combustion performance and exhaust omission in direct injection type diesel engine. The fuel properties, fuel spray structure and the shape or the piston surface of diesel engine play an important role of engine combustion process and exhaust emission. In order to obtain the effect of using auxiliary chamber and emulsified fuel on the fuel spray characteristics the experiment un conduct with single cylinder direct injection type diesel engine to examine the engine performance and gas emission. The results of this investigation showed that the increase auxiliary chamber volume and emulsified fuel give an effect on the fuel spray characteristics by reduced the concentration of nitric oxide emission in the combustion chamber. Also it can improve the combustion characteristics such as cylinder pressure, rate of pressure rise and rate of heat release.

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Development of intelligent model to predict the characteristics of biodiesel operated CI engine with hydrogen injection

  • Karrthik, R.S.;Baskaran, S.;Raghunath, M.
    • Advances in Computational Design
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    • 제4권4호
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    • pp.367-379
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    • 2019
  • Multiple Inputs and Multiple Outputs (MIMO) Fuzzy logic model is developed to predict the engine performance and emission characteristics of pongamia pinnata biodiesel with hydrogen injection. Engine performance and emission characteristics such as brake thermal efficiency (BTE), brake specific energy consumption (BSEC), hydrocarbon (HC), carbon monoxide (CO), carbon dioxide ($CO_2$) and nitrous oxides ($NO_X$) were considered. Experimental investigations were carried out by using four stroke single cylinder constant speed compression ignition engine with the rated power of 5.2 kW at variable load conditions. The performance and emission characteristics are measured using an Exhaust gas analyzer, smoke meter, piezoelectric pressure transducer and crank angle encoder for different fuel blends (Diesel, B10, B20 and B30) and engine load conditions. Fuzzy logic model uses triangular and trapezoidal membership function because of its higher predictive accuracy to predict the engine performance and emission characteristics. Computational results clearly demonstrate that, the proposed fuzzy model has produced fewer deviations and has exhibited higher predictive accuracy with acceptable determination correlation coefficients of 0.99136 to 1 with experimental values. The developed fuzzy logic model has produced good correlation between the fuzzy predicted and experimental values. So it is found to be useful for predicting the engine performance and emission characteristics with limited number of available data.

A new model and testing verification for evaluating the carbon efficiency of server

  • Liang Guo;Yue Wang;Yixing Zhang;Caihong Zhou;Kexin Xu;Shaopeng Wang
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • 제17권10호
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    • pp.2682-2700
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    • 2023
  • To cope with the risks of climate change and promote the realization of carbon peaking and carbon neutrality, this paper first comprehensively considers the policy background, technical trends and carbon reduction paths of energy conservation and emission reduction in data center server industry. Second, we propose a computing power carbon efficiency of data center server, and constructs the carbon emission per performance of server (CEPS) model. According to the model, this paper selects the mainstream data center servers for testing. The result shows that with the improvement of server performance, the total carbon emissions are rising. However, the speed of performance improvement is faster than that of carbon emission, hence the relative carbon emission per unit computing power shows a continuous decreasing trend. Moreover, there are some differences between different products, and it is calculated that the carbon emission per unit performance is 20-60KG when the service life of the server is five years.

과급식 디젤엔진의 성능개선 및 배기가스 저감에 관한 실험적 연구 (An Experimental Study on the Performance Improvement and Emission Reduction in a Turbocharged D.I. Diesel Engine)

  • 윤준규;차경옥
    • 한국자동차공학회논문집
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    • 제8권5호
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    • pp.36-46
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    • 2000
  • The performance improvement and emission reduction in a turbocharged D.I. diesel engine was studied experimentally in this paper. The system of intake port, fuel injection and turbochager are very important factors which have influence on the engine performance and exhaust emission because the properties in the injected fuel depend on the combustion characteristics. Through these experiments it can be expected to meet performance and emission by optimizing the main parameters; the swirl ratio of intake port, fuel injection system and turbocharger. The swirl ratio of intake port was modified by hand-working and measured by impulse swirl meter. Through this steady flow test, we knew that the increase of swirl ratio is decreasing the mean flow coefficient, whereas the gulf factor is increasing. And the optimum results of engine performance and emission are as follows; the swirl ratio is 2.43, injection timing is BTDC 13。 CA, compression ratio is 16, combustion bowl is re-entrant 5$^{\circ}$, nozzle hole diameter is $\Phi$0.28*6, turbocharger is GT40 model which are compressor A/R 0.58 AND turbine A/R 1.19.

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대형디젤기관에서 바이오디젤 열화와 엔진부하에 따른 배출가스특성 및 성능에 관한 연구 (Study on Performance and An Exhaust Emission by Bio-Diesel Deterioration and Engine Load Rate at Heavy-Duty Diesel Engine)

  • 박만재;김미수
    • 한국공작기계학회논문집
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    • 제16권3호
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    • pp.56-63
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    • 2007
  • Modern diesel vehicle has to comply with the EURO IV, V regulation with low level of particulate matter and smoke emission Moreover, emission standards of each countries are becoming stringent in advanced countries such as USA and Europe. Because Bio-diesel is similar to diesel fuel, it is essential to judge the environmental and health effects deriving from the use of Bio-diesel in diesel engine. The deterioration characteristics of emission in accordance with aging vehicles must be regulated for Bio-diesel. Therefore, under 1200 driving hours, 220,000km driving distance condition and full load, the deterioration characteristics of emission were estimated. We could reduce sulfur contents of fuel, particulate matter and smoke emission by using Bio-diesel and conform the influence of engine performance, emission, and fuel consumption by Bio-diesel deterioration