WorldWideScience

Sample records for economic factors energy

  1. Energy integration: Regional economic integration lever and possible insertion factor in the global economy

    Lokolo, M.C.

    2001-01-01

    In the 1920s, just after the War, an idea began taking root in the Old Continent, to build what could be described as the United States of Europe. Thirty years later, in 1951, a new source of energy, coal, paved the way for the economic integration of Europe. It culminated into monetary integration in January 2002. Economic integration makes sense in the context of the relatively small size of some national economies and markets, and the judicious utilization of rare resources and their unequal distribution. In this document, the author elaborated on the principles at play in economic integration and argued that the integration of the national energy markets could be the lever for economic integration through the gradual elimination of the various obstacles to trade. The author first presented a brief historical overview of economic integration from the perspective of global economic relationships, covering the period between the two world wars to the General Agreement on Tariffs and Trade (GATT) to the World Trade Organization (WTO). The concept and the forms of economic integration were reviewed. Energy integration as a lever of regional economic integration and as a factor in global economic insertion were discussed. Energy integration is a tool for the improvement of the human condition. 15 refs

  2. Energy economics

    Develi, Abdulkadir; Kaynak, Selahattin (eds.)

    2012-07-01

    Energy resources, the basic input in every area of the economy, have a fundamental function for society's welfare. Traditional energy resources are, however, rapidly decreasing. Energy supply has been falling behind in meeting global demand, and is causing increased focus on efficiency and economy concepts in recent energy policies. Since the existing energy resources are not spread evenly among the countries, but instead are concentrated in certain regions and countries, a monopolistic situation arises. Equally, supply assurance is an issue, since the energy supply is held by certain regions and countries who have monopolistic pricing power. Both the EU and many other countries are studying how to marketize energy. This book focuses on the importance of energy and the problems posed by it. It will be useful for the academic community, related sectors and decision makers.

  3. Economics of wind energy

    Ranganathan, V.; Kumar, H.P.S.

    1991-01-01

    Conventional economic analysis of wind energy often ignores the fact that it is not an energy source available on tap, but is intermittent. The analysis at times is discriminatory in the sense that the costs of transmission and distribution are added to the central grid alternative but the costs of the locational constraints of wind energy siting are not quantified. This paper evaluates wind energy after correcting for these two factors. The results are not encouraging

  4. The effect of economic factors and energy efficiency programs on residential electricity consumption

    Sakai, Mihoko

    Many countries have implemented policies to correct market and behavioral failures that lead to inefficient energy use. It is important to know what factors and policies can effectively overcome such failures and improve energy efficiency; however, a comprehensive analysis has been difficult because of data limitations. Using state scores compiled by American organizations recently, and adopting fixed-effects regression models, I analyze the joint impacts of relevant factors and policy programs on residential electricity consumption in each U.S. state. The empirical results reveal that increases in electricity price have small and negative effects, and increases in personal income have positive effects on residential electricity sales per capita (a measure of energy efficiency). The results suggest that it may take time for economic factors to affect electricity sales. The effects of personal income suggest the difficulty of controlling residential electricity consumption; however, they also imply that there is some room in households to reduce electricity use. The study also finds that programs and budgets of several policies seem to be associated with electricity sales. The estimates from a model including interaction terms suggest the importance of including multiple policies when analyzing and designing policies to address electricity efficiency. The results also imply the possibility of rebound effects of some policies, whereby improvements in energy efficiency lead to increases in energy consumption due to the associated lower per unit cost. Future studies should analyze both short-term and long-term effects of economic factors and policies, based on improved and accumulated time series and panel data, in order to design more effective policies for improving residential electricity efficiency.

  5. Economic, demographic and social factors of energy demand in Mexican households, 2008-2014

    Perez Pena, Rafael

    This research project focuses on estimating the effect of economic, demographic, and social factors in residential energy demand in Mexico from 2008 to 2014. Therefore, it estimates demand equations for electricity, natural gas, liquefied petroleum gas (LPG), coal and natural gas using Mexican household data from 2008 to 2014. It also applies accessibility theory and it estimates energy access indicators using different specifications of demand for LPG in 2014. Sprawl measures, gravity model, and central place theory are the accessibility theory supporting the energy access indicators. Results suggest the greater the household income, the population size, the educational level of the householder, the energy access, and the lower the energy price and the household size, the greater the demand for energy in Mexico from 2008 to 2014. The greater the education, the lower the demand for firewood and coal. LPG and firewood have a monopolistically competitive market structure. Energy access indicators informed by accessibility theory are statistically significant and show the expected sign when applied to LPG in Mexican household in 2014.

  6. Characterizing China's energy consumption with selective economic factors and energy-resource endowment: a spatial econometric approach

    Jiang, Lei; Ji, Minhe; Bai, Ling

    2015-06-01

    Coupled with intricate regional interactions, the provincial disparity of energy-resource endowment and other economic conditions in China have created spatially complex energy consumption patterns that require analyses beyond the traditional ones. To distill the spatial effect out of the resource and economic factors on China's energy consumption, this study recast the traditional econometric model in a spatial context. Several analytic steps were taken to reveal different aspects of the issue. Per capita energy consumption (AVEC) at the provincial level was first mapped to reveal spatial clusters of high energy consumption being located in either well developed or energy resourceful regions. This visual spatial autocorrelation pattern of AVEC was quantitatively tested to confirm its existence among Chinese provinces. A Moran scatterplot was employed to further display a relatively centralized trend occurring in those provinces that had parallel AVEC, revealing a spatial structure with attraction among high-high or low-low regions and repellency among high-low or low-high regions. By a comparison between the ordinary least square (OLS) model and its spatial econometric counterparts, a spatial error model (SEM) was selected to analyze the impact of major economic determinants on AVEC. While the analytic results revealed a significant positive correlation between AVEC and economic development, other determinants showed some intricate influential patterns. The provinces endowed with rich energy reserves were inclined to consume much more energy than those otherwise, whereas changing the economic structure by increasing the proportion of secondary and tertiary industries also tended to consume more energy. Both situations seem to underpin the fact that these provinces were largely trapped in the economies that were supported by technologies of low energy efficiency during the period, while other parts of the country were rapidly modernized by adopting advanced

  7. Energy and Economic Crisis

    2000-01-01

    The relationship between the economy and the energy is much more complex of what looks. However, they are continued making, in some cases, absolute statements that used to listen in the past as dogmas, among those that are highly correlated in energy consumption and the Gross National Product GNP and that the countries follow the same development pattern more or less, mainly in connection with the energy consumption. Such statements are not completely misses, neither completely correct and they have behind many simplifications. Of a part, of the historical evolution analysis of several countries or groups of countries on long periods, it confirms the fact that the economic growth, induces an increment in general in the total consumption of energy and vice versa: Energy available with more speed and to smaller price it favors the economic development. Other important factors that impact in the growth of the energy consumption, besides the economic development, are, among, the population's increment, the state of technological development and the cultural customs of use

  8. Energy economics and supply

    Anon.

    1977-01-01

    This section of the book, Part I, consists of four chapters (1--4). Chapter 1, Energy and the Economic Future, covers the following subjects: general economics of energy; predicting energy demand; a model of energy and the economy; and interpretations. Chapter 2, Uranium and Fossil Fuel Supplies, covers the following subjects: uranium resources; oil and gas supplies; coal resources. Chapter 3, Economics of Nuclear Power, covers information on sources of uncertainty; cost of nuclear power; cost of coal-generated electricity. Chapter 4, Alternative Energy Sources, sums information on solar energy, geothermal energy, fusion power, conservation, and transmission

  9. Environmental protection in East Germany as an economical factor - in connection with energy supply

    Weisheimer, M.

    1994-01-01

    The current environment damages and risks were substantially defused in the recent three years. That was mainly the result of the drastic decline of the Eastern economy. Then there were substitutions of several energies and row materials as well as ecological immediate measures. Transfers and financial aids of the government together with private investments create positive effects on industry and private households. They are concerned with the economic potential, labour market (incl. ABM) and with quality of the location. (orig.) [de

  10. Causal Dynamic Relationships between Political–Economic Factors and Export Performance in the Renewable Energy Technologies Market

    Bongsuk Sung

    2018-04-01

    Full Text Available This study explores how political–economic forces could affect export performance in the renewable energy technologies market. We conduct panel framework analyses to verify the characteristics of panel data for 19 countries before establishing the panel estimator meant to test the effects of political–economic forces on export specialization. We consider the results of the panel framework analyses and develop an empirical model to test casual dynamic relationships between political–economic forces and export performance. The results from the least squares dummy variable-corrected estimation indicate that the major factors promoting the export specialization of renewable energy technologies are, in order of decreasing importance, public pressure, market size, and government demand-pull policy. However, the traditional energy industry has no significant effect on export performance. Finally, this study finds that dynamic effects exist in all estimations.

  11. Sector Economic Outlook. Energy

    NONE

    2013-04-15

    The energy sector is a key driver of the economic pillar of Vision 2030. As the economy grows, urbanization intensifies and incomes increase, corporate and household demand for energy also rises. To meet this growth in demand for energy, the sector needs to increase investments and diversify into more sources of energy such as geothermal and wind power. It is therefore critical that focus is directed towards development and sustainability of the energy sector to ensure delivery of least cost power that will improve Kenya's competitiveness and achieve the Vision 2030 objective of 10% average annual economic growth.

  12. Economic analysis of nuclear energy

    Lee, Han Myung; Lee, M.K.; Moon, K.H.; Kim, S.S.; Lim, C.Y.; Song, K.D.; Kim, H

    2001-12-01

    The objective of this study is to evaluate the contribution of nuclear energy to the energy use in the economical way, based on the factor survey performed on the internal and external environmental changes occurred recent years. Internal and external environmental changes are being occurred recent years involving with using nuclear energy. This study summarizes the recent environmental changes in nuclear energy such as sustainable development issues, climate change talks, Doha round and newly created electricity fund. This study also carried out the case studies on nuclear energy, based on the environmental analysis performed above. The case studies cover following topics: role of nuclear power in energy/environment/economy, estimation of environmental external cost in electric generation sector, economic comparison of hydrogen production, and inter-industrial analysis of nuclear power generation.

  13. Economic analysis of nuclear energy

    Lee, Han Myung; Lee, M.K.; Moon, K.H.; Kim, S.S.; Lim, C.Y.; Song, K.D.; Kim, H.

    2001-12-01

    The objective of this study is to evaluate the contribution of nuclear energy to the energy use in the economical way, based on the factor survey performed on the internal and external environmental changes occurred recent years. Internal and external environmental changes are being occurred recent years involving with using nuclear energy. This study summarizes the recent environmental changes in nuclear energy such as sustainable development issues, climate change talks, Doha round and newly created electricity fund. This study also carried out the case studies on nuclear energy, based on the environmental analysis performed above. The case studies cover following topics: role of nuclear power in energy/environment/economy, estimation of environmental external cost in electric generation sector, economic comparison of hydrogen production, and inter-industrial analysis of nuclear power generation

  14. Energy Storage Economics

    Elgqvist, Emma M [National Renewable Energy Laboratory (NREL), Golden, CO (United States)

    2017-09-07

    This presentation provides an overview on energy storage economics including recent market trends, battery terminology and concepts, value streams, challenges, and an example of how photovoltaics and storage can be used to lower demand charges. It also provides an overview of the REopt Lite web tool inputs and outputs.

  15. Nuclear energy. Economical aspects

    Legee, F.

    2010-01-01

    This document present 43 slides of a power point presentation containing detailed data on economical and cost data for nuclear energy and nuclear power plants: evolution from 1971 to 2007 of world total primary energy supply, development of nuclear energy in the world, nuclear power plants in the world in 2009, service life of nuclear power plants and its extension; nuclear energy market and perspectives at 2030, the EPR concept (generation III) and its perspectives at 2030 in the world; cost assessment (power generation cost, nuclear power generation cost, costs due to nuclear safety, comparison of investment costs for gas, coal and nuclear power generation, costs for building a nuclear reactor and general cost; cost for the entire fuel cycle, the case of the closed cycle with recycling (MOX); costs for radioactive waste storage; financial costs and other costs such as environmental impacts, strategic stocks, comparative evaluation of the competitiveness of nuclear versus coal and gas

  16. Wind energy economics

    Milborrow, D.J.

    1995-01-01

    The economics of wind energy have improved rapidly in the past few years, with improvements in machine performance and increases in size both contributing to reduce costs. These trends are examined and future costs assessed. As bank loan periods for wind projects are shorter than for thermal plant, the effect on the price of wind energy is discussed. It is argued that wind energy has a higher value than that of centralised plant, since it is fed into the low voltage distribution network and it follows that the price of wind energy is converging with its value. The paper also includes a brief review of the capacity credit of wind plant and an assessment of the cost penalties which are incurred due to the need to hold extra plant on part load. These penalties are shown to be small. (author)

  17. Influence of economic factor and site milestones on the salience of environmental issues at Department of Energy sites

    O'Connor, S.; Yin, J.

    1997-01-01

    The change in the US Department of Energy's (DOE) mission from nuclear weapons production to remediation and restoration of its installations, in 1989, challenged all citizens around the nation's weapons complex to get involved in DOE's environmental management decision-making process. The purpose of this study is to determine whether, and to what extent, economic factors and site milestones influence the rise and fall of environmental issues and participation. One might believe that citizen participation would be influenced by economic conditions, particularly with the down-sizing that occurred at many DOE sites. Another factor that might influence salience of environmental issues is the occurrence of crucial events, or site milestones. Important events occurring at DOE installations are well publicized by local and national media, and citizens' interest and opinions are influenced by media. In this study, the authors use the number of comments expressed by the public and Indian tribes as a measure of public involvement and salience of issues. Their study, using multiple regression analysis, examined the relationships between the number of comments expressed and the economic conditions as indicated by monthly unemployment rates, and the relationship between the number of comments expressed and the occurrence of crucial site events or milestones

  18. Perceptional and socio-economic factors in adoption of low energy houses

    Mahapatra, Krushna; Nair, Gireesh; Gustavsson, Leif [Ecotechnology, Mid Sweden Univ., Oestersund (Sweden)

    2009-07-01

    Diffusion of low energy houses reduces greenhouse emission from residential sector. However, adoption of such houses depends on the perception of the potential buyers. In this paper we have analyzed Swedish homeowners' perception of low energy houses. Data was collected in 2008 from a mail-in questionnaire survey of about 3000 owners of detached houses. Results showed that about 39% of respondents, especially young, educated or whose household income was high, would consider buying a low energy house. Majority of the respondents agreed that a low energy house in comparison to a conventional house has lower operating energy cost, but higher investment cost. Majority thought that low energy houses do not have lower resale value, lower aesthetic appearance, or greater operational difficulty

  19. Socio-economic and environmental factors influence energy utilization in Brazilian breast-fed infants

    Haisma, Hinke; Coward, W. Andrew; Visser, G. Henk; Vonk, Roel; Wells, Jonathan C. K.; Wright, A.; Victora, Cesar G.

    Energy intake recommendations for infants are based on data from industrialized countries. FAO/WHO/UNU expressed the need for studies on total energy expenditure (TEE) and basal metabolic rate from developing countries covering current and changing lifestyles. For this observational study, 65

  20. Essays in Energy Economics

    Myers, Erica Catherine

    This dissertation combines research on three topics in applied energy economics. The first two papers investigate whether consumers are informed about and pay attention to energy costs in residential housing. The first paper explores this issue in the rental housing market, while the second paper focuses on housing purchases. The third paper, based on joint work with AJ Bostian and Harrison Fell, uses a laboratory experiment to test the effects of positive versus negative cost shocks on mulit-unit procurement auction performance. The first paper explores whether there are energy cost information asymmetries between landlords and tenants. If tenants are uninformed about energy costs, landlords cannot capitalize energy efficiency investments into higher rents, leading to under-investment. I exploit variation in energy costs in the form of relative heating fuel price changes in the northeastern United States where some apartment units heat with oil and some units heat with natural gas. I develop a search model to describe the matching of landlords and tenants, and derive predictions about the incidence of relative fuel price changes, tenant turnover, and efficiency investments under both symmetric and asymmetric information. My model predicts that, under symmetric full information, these outcomes will not differ depending on whether landlords or tenants pay for energy. In contrast, under asymmetric information, the demand of uninformed tenants for units that heat with oil rather than gas will not shift when oil prices rise relative to gas prices. In a search model, this leads to different market outcomes when landlords, rather than tenants, pay for energy. I find that the capitalization of energy prices into rents, turnover rates, and energy efficiency investments differ between the two payment regimes in ways that are consistent with asymmetric information. The second paper explores whether home buyers are myopic about future energy costs. I exploit variation in

  1. Nuclear energy 1985: Nuclear power as an economic factor of growing importance

    Anon.

    1985-01-01

    Summary of the results of the Technical Sessions and Poster Sessions of the ten Technical Sections: Reactor physics; thermodynamics and fluid dynamics; safety of nuclear facilities; fuel cycle and waste management; fuel elements and fuel element materials; components and component materials; quality assurance; construction and operation of nuclear facilities; fusion technology; energy systems - energy industry; atomic law, radiation protection law, law on the protection against misances, related fields of law. Separate records are available for each paper. (HP) [de

  2. Survey of socio-economic and contextual factors of households׳ energy consumption

    Omar Jridi

    2015-12-01

    Full Text Available We present a set of data relating to the investigation of the Tunisian Company of Electricity and Gas (STEG. The census is done on a sample of 3000 electrified households. The questionnaire is divided into three main sections: household socioeconomic status, contextual characteristics related to their housing and technical characteristics of equipments used. The objective of this survey is to achieve a reliable and detailed knowledge on the behavior of household energy consumption, particularly for energy saving behavior. This objective has recently been the subject of a research article Jridi et al. (2015 [2].

  3. Impacts on the Electrical System Economics from Critical Design Factors of Wave Energy Converters and Arrays

    Sharkey, Fergus; Conlon, Michael; Gaughan, Kevin

    2013-01-01

    It is expected that ultimately, like offshore wind farms, electrical systems will make up to a quarter of the overall Capex of wave farms. This is a significant element of cost and consideration must be taken in the design of both individual wave energy converters (WECs) and arrays of WECs to ensure that these costs can be minimised. In a worst case scenario design decisions could increase the cost of the electrical system by several orders and ultimately make the technology uncompetitive. ...

  4. Sustainability Efficiency Factor: Measuring Sustainability in Advanced Energy Systems through Exergy, Exergoeconomic, Life Cycle, and Economic Analyses

    Boldon, Lauren

    The Encyclopedia of Life Support Systems defines sustainability or industrial ecology as "the wise use of resources through critical attention to policy, social, economic, technological, and ecological management of natural and human engineered capital so as to promote innovations that assure a higher degree of human needs fulfilment, or life support, across all regions of the world, while at the same time ensuring intergenerational equity" (Encyclopedia of Life Support Systems 1998). Developing and integrating sustainable energy systems to meet growing energy demands is a daunting task. Although the technology to utilize renewable energies is well understood, there are limited locations which are ideally suited for renewable energy development. Even in areas with significant wind or solar availability, backup or redundant energy supplies are still required during periods of low renewable generation. This is precisely why it would be difficult to make the switch directly from fossil fuel to renewable energy generation. A transition period in which a base-load generation supports renewables is required, and nuclear energy suits this need well with its limited life cycle emissions and fuel price stability. Sustainability is achieved by balancing environmental, economic, and social considerations, such that energy is produced without detriment to future generations through loss of resources, harm to the environment, etcetera. In essence, the goal is to provide future generations with the same opportunities to produce energy that the current generation has. This research explores sustainability metrics as they apply to a small modular reactor (SMR)-hydrogen production plant coupled with wind energy and storage technologies to develop a new quantitative sustainability metric, the Sustainability Efficiency Factor (SEF), for comparison of energy systems. The SEF incorporates the three fundamental aspects of sustainability and provides SMR or nuclear hybrid energy system

  5. Essays in energy economics

    Malischek, Raimund

    2016-10-25

    This thesis presents four essays in energy economics. The first essay investigates one of the workhorse models of resource economics, the Hotelling model of an inter-temporally optimizing resource extracting firm. The Hotelling model provides a convincing theory of fundamental concepts like resource scarcity, but very few empirical validations of the model have been conducted. This essay attempts to empirically validate the Hotelling model by first expanding it to include exploration activity and market power and then using a newly constructed data set for the uranium mining industry to test whether a major resource extracting mining firm in the industry is following the theory's predictions. The results show that the theory is rejected in all considered settings. The second and third essays investigate the difference in market outcomes under spot-market based trade as compared to long-term contract based trade in oligopolistic markets with investments. The second essay investigates analytically the difference in market outcomes in an electricity market setting, showing that investments and consumer welfare may be higher under spot-market based trade than under long-term contracts. The third essay proposes techniques to solve large-scale models of this kind, empirically, by exploring the practicability of this approach in an application to the international metallurgical coal market. The final essay investigates the influence of policy uncertainty on investment decisions. With France debating the role of nuclear technology, this essay analyses how policy uncertainty regarding nuclear power in France may feature in the French and European power sector. Applying a stochastic model for the European power system, the analysis shows that the costs of uncertainty in this particular application are rather low compared to the overall costs of a nuclear phase-out.

  6. Essays in energy economics

    Malischek, Raimund

    2016-01-01

    This thesis presents four essays in energy economics. The first essay investigates one of the workhorse models of resource economics, the Hotelling model of an inter-temporally optimizing resource extracting firm. The Hotelling model provides a convincing theory of fundamental concepts like resource scarcity, but very few empirical validations of the model have been conducted. This essay attempts to empirically validate the Hotelling model by first expanding it to include exploration activity and market power and then using a newly constructed data set for the uranium mining industry to test whether a major resource extracting mining firm in the industry is following the theory's predictions. The results show that the theory is rejected in all considered settings. The second and third essays investigate the difference in market outcomes under spot-market based trade as compared to long-term contract based trade in oligopolistic markets with investments. The second essay investigates analytically the difference in market outcomes in an electricity market setting, showing that investments and consumer welfare may be higher under spot-market based trade than under long-term contracts. The third essay proposes techniques to solve large-scale models of this kind, empirically, by exploring the practicability of this approach in an application to the international metallurgical coal market. The final essay investigates the influence of policy uncertainty on investment decisions. With France debating the role of nuclear technology, this essay analyses how policy uncertainty regarding nuclear power in France may feature in the French and European power sector. Applying a stochastic model for the European power system, the analysis shows that the costs of uncertainty in this particular application are rather low compared to the overall costs of a nuclear phase-out.

  7. Energy economics and financial markets

    Dorsman, Andre [Vrije Univ. Amsterdam (Netherlands). Dept. of Finance; Simpson, John L. [Curtin Univ., Perth, WA (Australia). School of Economics and Finance; Westerman, Wim (eds.) [Groningen Univ. (Netherlands). Faculty of Economics and Business Economics, Econometrics and Finance

    2013-10-01

    Deals with the upcoming theme of energy issues. Links energy issues with economics and financial markets. Combines global focus with specific regional and local examples. Unites theoretical insights with timely data and practical insights. Specialized author team from all over the world. Energy issues feature frequently in the economic and financial press. Specific examples of topical energy issues come from around the globe and often concern economics and finance. The importance of energy production, consumption and trade raises fundamental economic issues that impact the global economy and financial markets. This volume presents research on energy economics and financial markets related to the themes of supply and demand, environmental impact and renewables, energy derivatives trading, and finance and energy. The contributions by experts in their fields take a global perspective, as well as presenting cases from various countries and continents.

  8. The economics of nuclear energy

    Wilmer, P.

    2004-01-01

    In common with many of the issues surrounding nuclear energy, there is some truth in the popular claim that nuclear energy is 'not economic', but this is far from being a universal truth. This paper puts forward the view that, overall, nuclear energy can be a competitive source of electricity and a realistic economic option for the future. (author)

  9. Nuclear Power, Energy Economics and Energy Security

    2013-01-01

    Economic development requires reliable, affordable electricity that is provided in sufficient quantities to satisfy the minimum energy requirements at a local, regional or national level. As simple as this recipe for economic development appears, technological, infrastructural, financial and developmental considerations must be analysed and balanced to produce a national energy strategy. Complicating that task is the historic fact that energy at the desired price and in the desired quantities can be neither taken for granted nor guaranteed. Energy economics and energy security determine the options available to nations working to establish a sustainable energy strategy for the future.

  10. Transportation economics and energy

    Soltani Sobh, Ali

    The overall objective of this research is to study the impacts of technology improvement including fuel efficiency increment, extending the use of natural gas vehicle and electric vehicles on key parameters of transportation. In the first chapter, a simple economic analysis is used in order to demonstrate the adoption rate of natural gas vehicles as an alternative fuel vehicle. The effect of different factors on adoption rate of commuters is calculated in sensitivity analysis. In second chapter the VMT is modeled and forecasted under influence of CNG vehicles in different scenarios. The VMT modeling is based on the time series data for Washington State. In order to investigate the effect of population growth on VMT, the per capita model is also developed. In third chapter the effect of fuel efficiency improvement on fuel tax revenue and greenhouse emission is examined. The model is developed based on time series data of Washington State. The rebound effect resulted from fuel efficiency improvement is estimated and is considered in fuel consumption forecasting. The reduction in fuel tax revenue and greenhouse gas (GHG) emissions as two outcomes of lower fuel consumption are computed. In addition, the proper fuel tax rate to restitute the revenue is suggested. In the fourth chapter effective factors on electric vehicles (EV) adoption is discussed. The constructed model is aggregated binomial logit share model that estimates the modal split between EV and conventional vehicles for different states over time. Various factors are incorporated in the utility function as explanatory variables in order to quantify their effect on EV adoption choices. The explanatory variables include income, VMT, electricity price, gasoline price, urban area and number of EV stations.

  11. Energy requirements of consumption: Urban form, climatic and socio-economic factors, rebounds and their policy implications

    Wiedenhofer, Dominik; Lenzen, Manfred; Steinberger, Julia K.

    2013-01-01

    Household consumption requires energy to be used at all stages of the economic process, thereby directly and indirectly leading to environmental impacts across the entire production chain. The levels, structure and determinants of energy requirements of household consumption therefore constitute an important avenue of research. Incorporating the full upstream requirements into the analysis helps to avoid simplistic conclusions which would actually only imply shifts between consumption categories without taking the economy wide effects into account. This paper presents the investigation of the direct and indirect primary energy requirements of Australian households, contrasting urban, suburban and rural consumption patterns as well as inter- and intra-regional levels of inequality in energy requirements. Furthermore the spatial and socio-economic drivers of energy consumption for different categories of energy requirements are identified and quantified. Conclusions regarding the relationships between energy requirements, household characteristics, urban form and urbanization processes are drawn and the respective policy implications are explored. - Highlights: • We statistically analyze the energy requirements of consumption in Australia. • Contrasting urban/suburban/rural consumption patterns and spatial inequality. • Energy requirements are influenced by urban form, income and demographics. • Urban households require less direct energy, but their total consumption is higher. • Significant rebound effects can be expected when direct energy use is decreased

  12. Essays in Energy Economics

    Spurlock, Cecily Anna

    In this dissertation I explore two aspects of the economics of energy. The first focuses on consumer behavior, while the second focuses on market structure and firm behavior. In the first chapter, I demonstrate evidence of loss aversion in the behavior of households on two critical peak pricing experimental tariffs while participating in the California Statewide Pricing Pilot. I develop a model of loss aversion over electricity expenditure from which I derive two sets of testable predictions. First, I show that when there is a higher probability that a household is in the loss domain of their value function for the bill period, the more strongly they cut back peak consumption. Second, when prices are such that households are close to the kink in their value function - and would otherwise have expenditure skewed into the loss domain---I show evidence of disproportionate clustering at the kink. In essence this means that the occurrence of critical peak days did not only result in a reduction of peak consumption on that day, but also spilled over to further reduction of peak consumption on regular peak days for several weeks thereafter. This was similarly true when temperatures were high during high priced periods. This form of demand adjustment resulted in households experiencing bill-period expenditures equal to what they would have paid on the standard non-dynamic pricing tariff at a disproportionate rate. This higher number of bill periods with equal expenditure displaced bill periods in which they otherwise would have paid more than if they were on standard pricing. In the second chapter, I explore the effects of two simultaneous changes in minimum energy efficiency and Energy Star standards for clothes washers. Adapting the Mussa and Rosen (1978) and Ronnen (1991) second-degree price discrimination model, I demonstrate that clothes washer prices and menus adjusted to the new standards in patterns consistent with a market in which firms had been price

  13. Micro-level economic factors and incentives in Children's energy balance related behaviours findings from the ENERGY European cross-section questionnaire survey

    Jensen, J.D.; Bere, E.; de Bourdeaudhuij, I.; Jan, N.; Maes, L.; Manios, Y.; Martens, M.K.; Molnar, D.; Moreno, L.A.; Singh, A.S.; te Velde, S.J.; Brug, J.

    2012-01-01

    Background: To date, most research on obesogenic environments facing school children has focused on physical and socio-cultural environments. The role of economic factors has been investigated to a much lesser extent. Our objective was to explore the association of micro-level economic factors and

  14. Energy Parodoxes in Economics

    Burdo O.G.

    2013-04-01

    Full Text Available The analysis of the energy situation in the world and in the Post-Soviet area was carried out. The main focus was on the energy problems in Ukraine. The current paper presents existing energy sector paradoxes. Issues of the comfort level and of the natural environment dependence on the energy resources consumption are being discussed. The relationship between the human life quality level and the level of energy consumption is shown. The analysis of the energy resources distribution in the world is provided. The likely review of the energy re-sources market is forecasted. State energy policies and strategies are being compared. The high profitability of the centralized energy supply management in municipalities is being underlined. Issues regarding the scientific poten-tial and the energy management development are considered. The compliance of energy resource prices with the level of thermal protection of buildings and with energy projects investment principles is being analyzed. The importance of the market-based choice of energy resources considering energy company mergers and decision power concentration is presented. The compliance between the energy policy of Ukraine and the obligations resulting from gas contract with Russia is being discussed. The role of energy in the agricultural processing chain is analyzed.

  15. Economic Analysis of Nuclear Energy

    Lee, Man Ki; Moon, K. H.; Kim, S. S.; Lim, C. Y.; Oh, K. B.

    2006-12-01

    It has been well recognized that securing economic viabilities along with technologies are very important elements in the successful implementation of nuclear R and D projects. The objective of the Project is to help nuclear energy to be utilized in an efficient way by analyzing major issues related with nuclear economics. The study covers following subjects: the role of nuclear in the future electric supply system, economic analysis of nuclear R and D project, contribution to the regional economy from nuclear power. In addition, the study introduces the international cooperation in the methodological area of efficient use of nuclear energy by surveying the international activities related with nuclear economics

  16. Economic Analysis of Nuclear Energy

    Lee, Man Ki; Moon, K. H.; Kim, S. S.; Lim, C. Y.; Oh, K. B

    2006-12-15

    It has been well recognized that securing economic viabilities along with technologies are very important elements in the successful implementation of nuclear R and D projects. The objective of the Project is to help nuclear energy to be utilized in an efficient way by analyzing major issues related with nuclear economics. The study covers following subjects: the role of nuclear in the future electric supply system, economic analysis of nuclear R and D project, contribution to the regional economy from nuclear power. In addition, the study introduces the international cooperation in the methodological area of efficient use of nuclear energy by surveying the international activities related with nuclear economics.

  17. Economic analysis of nuclear energy

    Song, Ki Dong; Lee, M. K.; Moon, K. H.; Kim, S. S.; Lim, C. Y.; Kim, H. S

    1999-12-01

    The objective of this study is to analyze how the economics of nuclear power generation are affected by the change in nuclear environmental factors and then, to suggest desirable policy directions to improve the efficiency of the use of nuclear energy resources in korea. This study focused to analyze the impact of the change in 3 major nuclear environmental factors in Korea on the economics of nuclear power generation. To do this, environmental external cost, nuclear R and fund, and carbon emission control according to UNFCCC were selected as the major factors. First of all, this study evaluated the impacts on the health and the environment of air pollutants emitted from coal power plant and nuclear power plant, two major electric power generating options in Korea. Then, the environmental external costs of those two options were estimated by transforming the health and environmental impact in to monetary values. To do this, AIRPACTS and 'Impacts of atmospheric release' model developed by IAEA were used. Secondly, the impact of nuclear R and D fund raised by the utility on the increment of nuclear power generating cost was evaluated. Then, the desirable size of the fund in Korea was suggested by taking into consideration the case of Japan. This study also analyzed the influences of the fund on the economics of nuclear power generation. Finally, the role of nuclear power under the carbon emission regulation was analyzed. To do this, the econometric model was developed and the impact of the regulation on the national economy was estimated. Further efforts were made to estimate the role by developing CGE model in order to improve the reliability of the results from the econometric model.

  18. Economic analysis of nuclear energy

    Song, Ki Dong; Lee, M. K.; Moon, K. H.; Kim, S. S.; Lim, C. Y.; Kim, H. S.

    1999-12-01

    The objective of this study is to analyze how the economics of nuclear power generation are affected by the change in nuclear environmental factors and then, to suggest desirable policy directions to improve the efficiency of the use of nuclear energy resources in korea. This study focused to analyze the impact of the change in 3 major nuclear environmental factors in Korea on the economics of nuclear power generation. To do this, environmental external cost, nuclear R and fund, and carbon emission control according to UNFCCC were selected as the major factors. First of all, this study evaluated the impacts on the health and the environment of air pollutants emitted from coal power plant and nuclear power plant, two major electric power generating options in Korea. Then, the environmental external costs of those two options were estimated by transforming the health and environmental impact in to monetary values. To do this, AIRPACTS and 'Impacts of atmospheric release' model developed by IAEA were used. Secondly, the impact of nuclear R and D fund raised by the utility on the increment of nuclear power generating cost was evaluated. Then, the desirable size of the fund in Korea was suggested by taking into consideration the case of Japan. This study also analyzed the influences of the fund on the economics of nuclear power generation. Finally, the role of nuclear power under the carbon emission regulation was analyzed. To do this, the econometric model was developed and the impact of the regulation on the national economy was estimated. Further efforts were made to estimate the role by developing CGE model in order to improve the reliability of the results from the econometric model

  19. Energy, environment, and economics

    Commoner, B

    1979-09-01

    In this interview, Dr. Barry Commoner discusses his analysis of energy problems as a function of the Second Law of Thermodynamics, i.e., that energy is necessary in order to perform work. As outlined in his book The Poverty of Power, a good thermodynamic approach matches the amount of energy expended with the task to be done. Electric transport is more energy efficient than private automobiles and illustrates how capital is wasted and social harm done to increase private profit. Inefficient energy use is the result of basing conservation efforts on the First rather than the Second Law. Commoner advocates social changes that give society more control over the means of production and the way resources are used. He feels the relative merits of solar energy and breeder reactors should be debated and a choice made, preferably for solar, to make a gradual transition to renewable resources. (DCK)

  20. Energy consumption and economic development

    Tremblay, M.T.

    1994-01-01

    Speaking as an economic planner, the author of this address suggests a scenario that is rather pessimistic for the future of nuclear energy. He emphasizes that technological change will lead to economic growth, but then supposes that improvements in hydrogen energy and solar energy, combined with global competition, may lead to a fall rather than an increase in oil prices early in the next century. The 10 year lead time for bringing a nuclear station from design to commissioning makes it difficult to predict the economics of operation

  1. Energy abundance and economic progress

    Schurr, S.H.

    1983-01-01

    A discussion is presented on the benefits of energy abundance and on the links between energy supply, economic growth and human welfare in the United States. It is argued that the restoration of energy abundance with dependable sources of supply should be a major national objective. (U.K.)

  2. Micro-level economic factors and incentives in Children’s energy balance related behaviours - findings from the ENERGY European cross-section questionnaire survey

    Jensen, Jørgen Dejgård; Bere, Elling; De Bourdeaudhuij, Ilse

    2012-01-01

    Background: To date, most research on obesogenic environments facing school children has focused on physical and socio-cultural environments. The role of economic factors has been investigated to a much lesser extent. Our objective was to explore the association of micro-level economic factors...... considerations in decisions regarding children’s sports activities, soft drink consumption, home practices and rules and socio-demographic background variables. Data were analysed using multiple linear regression and discrete-choice (ordered probit) modelling. Results: Economic factors were found...... pocket money, but a majority of parents doid not expect higher soft drink prices to reduce their children’s soft drink consumption. Conclusions: We conclude that economic factors, especially parents’ financial support and amount of pocket money, appear to be of importance for children’s sports...

  3. Effect of fuelwood scarcity and socio-economic factors on household bio-based energy use and energy substitution in rural Ethiopia

    Guta, Dawit Diriba

    2014-01-01

    In Ethiopia biomass is predominantly utilized for household energy needs often using inefficient rudimentary stoves which cause adverse environmental and welfare effects. This paper examined the contribution of biomass resources to rural household energy use and energy substitution. The analysis applied the ordinary least square in the final stage estimation of fuelwood and overall biomass energy consumption by using predicted shadow prices. The paper used Tobit model to estimate charcoal and agricultural fuel consumption due to the presence of censoring. An increase in fuelwood shadow price was associated with reduced household fuelwood consumption with price elasticity of −0.38. The cross price elasticity between fuelwood and agricultural fuels revealed no evidence of energy substitution, which conforms to the findings of previous studies. Household access to electricity was associated with lower household biomass energy utilization but kerosene was not fuelwood substitute. Household energy use conformed to the ‘fuel stacking’ or ‘multiple fuel use’ concept, but households preferred modern energy options as welfare increased in areas where modern energy is available. This suggests that there is a promising prospect for fuel-transition, but access to modern energy and economic growth have key roles. The findings suggest that a concerted policy effort is required that would help diversify rural livelihoods, improve living standards and encourage economic growth, encourage inter-fuel substitution through improved modern energy access and afforestation to increase biomass supply. - Highlights: • The paper examined household biomass energy use and energy substitution. • Fuelwood use declined with increases in fuelwood scarcity or its shadow price. • Fuelwood and charcoal use increased with increase in household wealth. • Biomass energy consumption declined with an increase in household electricity use. • The result indicated agricultural fuel and

  4. Conception for economical energy utilization and supply

    Schaefer, H; Canzler, B

    1977-10-01

    This study was performed to study the factors which determine energy consumption within buildings and how to optimize such energy use. The parameters of the principal energy consumers, i.e., HVAC and lighting systems, were analyzed. Possibilities for obtaining economical energy supplies and for reducing energy consumption were studied with emphasis on adapting the building mechanical equipment and the building design and construction to each other. It was concluded that planning for energy conservation in buildings will decrease the cost of constructing and operating buildings if the architect, building contractor and building operator work together from the initial planning stages.

  5. Economic analysis model for total energy and economic systems

    Shoji, Katsuhiko; Yasukawa, Shigeru; Sato, Osamu

    1980-09-01

    This report describes framing an economic analysis model developed as a tool of total energy systems. To prospect and analyze future energy systems, it is important to analyze the relation between energy system and economic structure. We prepared an economic analysis model which was suited for this purpose. Our model marks that we can analyze in more detail energy related matters than other economic ones, and can forecast long-term economic progress rather than short-term economic fluctuation. From view point of economics, our model is longterm multi-sectoral economic analysis model of open Leontief type. Our model gave us appropriate results for fitting test and forecasting estimation. (author)

  6. Economic aspects of advanced energy technologies

    Ramakumar, R.; Rodriguez, A.P.; Venkata, S.S.

    1993-01-01

    Advanced energy technologies span a wide variety of resources, techniques, and end-user requirements. Economic considerations are major factors that shape their harnessing and utilization. A discussion of the basic factors in the economic arena is presented, with particular emphasis on renewable energy technologies--photovoltaics, solar-thermal, wind-electric conversion, biomass utilization, hydro, and tidal and wave energy systems. The following are essential to determine appropriate energy system topologies: proper resource-need matching with an eye on the quality of energy requirements, integrated use of several resources and technologies, and a comprehensive consideration which includes prospecting, collection, conversion, transportation, distribution, storage and reconversion, end use, and subsequent waste management aspects. A few case studies are included to apprise the reader of the status of some of the key technologies and systems

  7. Science and society test VI: Energy economics

    Hafemeister, David W.

    1982-01-01

    Simple numerical estimates are developed in order to quantify a variety of energy economics issues. The Verhulst equation, which considers the effect of finite resources on petroleum production, is modified to take into account supply and demand economics. Numerical and analytical solutions to these differential equations are presented in terms of supply and demand elasticity functions, various finite resources, and the rate of increase in fuel costs. The indirect cost per barrel of imported oil from OPEC is shown to be about the same as the direct cost. These effects, as well as those of discounted benefits and deregulation, are used in a calculation of payback periods for various energy conserving devices. A phenomenological model for market penetration is developed along with the factors for future energy growth rates. A brief analysis of the economic returns of the ''house doctor'' program to reprofit houses for energy conservation is presented.

  8. ECONOMIC EFFECTS OF ENERGY POLICIES

    Mihaela ȘTEȚ

    2014-12-01

    Full Text Available This paper highlights some of the issues raised by the implementation of energy policies and the fiscal measures in the energy sector and it aims to identify the impact of energy policies at regional level. It is emphasized, along with the environmental impact of the use of renewable resources and economic and social effects on sustainable regional development which can generate state intervention through direct and indirect, financial and non-financial instruments. Given the complex energy profile of Romania, the paper reveals also, the problems that have had to face in the last two decades and the impact of energy policies of Romanian governments. The research is based on an analysis of statistics, publications in energy sector, as well as primary and specific legislation.

  9. Energy taxation and economic growth

    Seymour, Adam; Mabro, Robert.

    1994-01-01

    These two linked articles look at the relationship between policies aimed at taxing various energy sources and economic growth in the country, raising such taxes in order to decide how such fiscal policy can best serve the needs of developing nations. It is argued that, while many developing nations seek to protect internal energy markets by taxing imported petroleum products, a policy of domestic energy prices being set at the same level as their international equivalent costs is more consistent with the efficient management of long-term structural adjustment programmes. (UK)

  10. Economic models for battery energy storage

    Reckrodt, R.C.; Anderson, M.D.; Kluczny, R.M.

    1990-01-01

    While the technology required to produce viable Battery Energy Storage System exists, the economic feasibility (cost vs. benefits) of building these systems requires justification. First, a generalized decision diagram was developed to ensure that all of the economic factors were considered and properly related for the customer-side-of-the meter. Next, two economic models that had consistently given differing results were compared. One was the McKinney model developed at UM-Rolla in 1987; the second was the SYSPLAN model developed by Battelle. Differences were resolved on a point by point basis with reference to the current economic environment. The economic model was upgraded to include the best of both models based on the resolution of these differences. The upgrades were implemented as modifications to the original SYSPLAN (1986 version) to preserve user friendliness. In this paper four specific cases are evaluated and compared. The results are as predicted, since comparison was made with two known models

  11. Oil: economic and political factors

    Ayoub, A.

    1994-01-01

    This article deals with the evolution of the international petroleum sector since 1973 with a special view to interdependence between the economic and political factors that influence it. Two issues are focused upon: (1) the effects of the nationalization of oil companies on the sharing of oil rents and on changes in the structure of the oil market; and (2) the determination of oil prices. The latter involves a discussion of, on the one hand, the political and economic behaviour of the United States and Saudi Arabia and, on the other, the combination of cooperation and conflict that has tended to characterize relations among OPEC countries. (author). 30 refs

  12. Economic analysis of nuclear energy

    Lee, Man Ki; Moon, K. H.; Kim, S. S.; Lim, C. Y.; Song, K. D.; Oh, K. B.

    2004-12-01

    This study evaluated the role of nuclear energy in various aspects in order to provide a more comprehensive standard of judgement to the justification of the utilization of nuclear energy. Firstly, this study evaluated the economic value addition of nuclear power generation technology and Radio-Isotope(RI) technology quantitatively by using modified Input-Output table. Secondly, a comprehensive cost-benefit analysis of nuclear power generation was conducted with an effort to quantify the foreign exchange expenditure, the environmental damage cost during 1986-2015 for each scenario. Thirdly, the effect of the regulation of CO 2 emission on the Korean electric supply system was investigated. In more detail, an optimal composition of power plant mix by energy source was investigated, under the assumption of the CO 2 emission regulation at a certain level, by using MESSAGE model. Finally, the economic spillover effect from technology self-reliance of NSSS by Korea Atomic Energy Research Institute was evaluated. Both production spillover effect and value addition spillover effect were estimated by using Input-Output table

  13. Micro-level economic factors and incentives in Children’s energy balance related behaviours - findings from the ENERGY European cross-section questionnaire survey

    2012-01-01

    Background To date, most research on obesogenic environments facing school children has focused on physical and socio-cultural environments. The role of economic factors has been investigated to a much lesser extent. Our objective was to explore the association of micro-level economic factors and incentives with sports activities and intake of soft drinks and fruit juice in 10-12 year-old school children across Europe, and to explore price sensitivity in children’s soft drink consumption and correlates of this price sensitivity. Methods Data for the study originate from a cross-sectional survey undertaken in seven European countries (Belgium, Greece, Hungary, Netherlands, Norway, Slovenia and Spain) in 2010 among 10-12 year-old school children and their parents. In total, 7234 child questionnaires and 6002 parent questionnaires were completed. The child questionnaire included questions addressing self-reported weekly intake of soft drinks and fruit juices and time spent on sports activities, perception of parental support for sports activities, use of pocket money for soft drinks and perceived price responsiveness. Parent questionnaires included questions addressing the role of budget and price considerations in decisions regarding children’s sports activities, soft drink consumption, home practices and rules and socio-demographic background variables. Data were analysed using multiple linear regression and discrete-choice (ordered probit) modelling. Results Economic factors were found to be associated with children’s sports participation and sugary drink consumption, explaining 27% of the variation in time for sports activities, and 27% and 12% of the variation in the children’s soft drink and juice consumption, respectively. Parents’ financial support was found to be an important correlate (Beta =0.419) of children’s sports activities. Children’s pocket money was a strong correlate (Beta =21.034) of soft drink consumption. The majority of the

  14. Micro-level economic factors and incentives in Children's energy balance related behaviours - findings from the ENERGY European cross-section questionnaire survey.

    Jensen, Jørgen Dejgård; Bere, Elling; De Bourdeaudhuij, Ilse; Jan, Natasa; Maes, Lea; Manios, Yannis; Martens, Marloes K; Molnar, Denes; Moreno, Luis A; Singh, Amika S; te Velde, Saskia; Brug, Johannes

    2012-11-21

    To date, most research on obesogenic environments facing school children has focused on physical and socio-cultural environments. The role of economic factors has been investigated to a much lesser extent. Our objective was to explore the association of micro-level economic factors and incentives with sports activities and intake of soft drinks and fruit juice in 10-12 year-old school children across Europe, and to explore price sensitivity in children's soft drink consumption and correlates of this price sensitivity. Data for the study originate from a cross-sectional survey undertaken in seven European countries (Belgium, Greece, Hungary, Netherlands, Norway, Slovenia and Spain) in 2010 among 10-12 year-old school children and their parents. In total, 7234 child questionnaires and 6002 parent questionnaires were completed. The child questionnaire included questions addressing self-reported weekly intake of soft drinks and fruit juices and time spent on sports activities, perception of parental support for sports activities, use of pocket money for soft drinks and perceived price responsiveness. Parent questionnaires included questions addressing the role of budget and price considerations in decisions regarding children's sports activities, soft drink consumption, home practices and rules and socio-demographic background variables. Data were analysed using multiple linear regression and discrete-choice (ordered probit) modelling. Economic factors were found to be associated with children's sports participation and sugary drink consumption, explaining 27% of the variation in time for sports activities, and 27% and 12% of the variation in the children's soft drink and juice consumption, respectively. Parents' financial support was found to be an important correlate (Beta =0.419) of children's sports activities. Children's pocket money was a strong correlate (Beta =21.034) of soft drink consumption. The majority of the responding children reported to expect that

  15. Micro-level economic factors and incentives in Children’s energy balance related behaviours - findings from the ENERGY European cross-section questionnaire survey

    Jensen Jørgen

    2012-11-01

    Full Text Available Abstract Background To date, most research on obesogenic environments facing school children has focused on physical and socio-cultural environments. The role of economic factors has been investigated to a much lesser extent. Our objective was to explore the association of micro-level economic factors and incentives with sports activities and intake of soft drinks and fruit juice in 10-12 year-old school children across Europe, and to explore price sensitivity in children’s soft drink consumption and correlates of this price sensitivity. Methods Data for the study originate from a cross-sectional survey undertaken in seven European countries (Belgium, Greece, Hungary, Netherlands, Norway, Slovenia and Spain in 2010 among 10-12 year-old school children and their parents. In total, 7234 child questionnaires and 6002 parent questionnaires were completed. The child questionnaire included questions addressing self-reported weekly intake of soft drinks and fruit juices and time spent on sports activities, perception of parental support for sports activities, use of pocket money for soft drinks and perceived price responsiveness. Parent questionnaires included questions addressing the role of budget and price considerations in decisions regarding children’s sports activities, soft drink consumption, home practices and rules and socio-demographic background variables. Data were analysed using multiple linear regression and discrete-choice (ordered probit modelling. Results Economic factors were found to be associated with children’s sports participation and sugary drink consumption, explaining 27% of the variation in time for sports activities, and 27% and 12% of the variation in the children’s soft drink and juice consumption, respectively. Parents’ financial support was found to be an important correlate (Beta =0.419 of children’s sports activities. Children’s pocket money was a strong correlate (Beta =21.034 of soft drink

  16. Environment, energy, and economic performance

    Oberndorfer, Ulrich

    2009-09-25

    This thesis analyzes the relationship between environmental regulation as well as energy market developments on the one hand, and economic performance on the other. Due to its economic effects environmental regulation is controversially disputed. The thesis shows, however, that the economic impacts of the recently adopted climate policy in Europe, namely of the implementation of the European Union Emission Trading Scheme, have been modest at most. Consistent with economic theory, the low stringency of this regulatory measure that is aimed at combating man-made climate change is identified as one important driver of this result. Moreover, results presented in this thesis also indicate the important role which the political economy plays for the design of environmental regulation in general. These mechanisms are shown to be a driver of the low stringency and, consequently, of the small economic effects during the first phase of the European Union Emission Trading Scheme. The thesis highlights the role of investment stimulation if the goal of environmental regulation is not only the protection of the environment, but also the compatibility with economic goals. This thesis also provides new insights into the role of energy market developments for the economy. In this respect, the relevance of the EU carbon market for the financial market performance of European electricity generators is shown. Besides, this thesis particularly demonstrates the paramount importance of oil market developments for the economy as a whole. It suggests that amongst all natural resources, oil is the most relevant one to the pricing of Eurozone energy stocks. It is also shown that besides oil prices, oil volatility plays an important role for stock market development. Finally, the thesis highlights the relevance of oil market developments to the overall economy, in showing that unemployment in Germany is strongly affected by oil price shocks. In this respect, it also opposes claims that the

  17. The Economics of Wind Energy

    Krohn, S.; Morthorst, P.E.; Awerbuch, S.

    2009-03-01

    This report is the result of an effort by the European Wind Energy Association (EWEA) to assemble a team of professional economists to assess the costs, benefits and risks associated with wind power generation. In particular, the authors were asked to evaluate the costs and benefits to society of wind energy compared to other forms of electricity production. In the present context of increasing energy import dependency in industrialised countries as well as the volatility of fuel prices and their impact on GDP, the aspects of energy security and energy diversification have to be given particular weight in such an analysis. Chapter 1 examines the basic (riskless) cost components of wind energy, as it leaves the wind farm, including some international comparisons and a distinction between onshore and offshore technologies. Chapter 2 illustrates other costs, mainly risks that are also part of the investment and thus have to be incorporated in the final price at which electricity coming from wind can be sold in the markets. The chapter discusses why the electricity market for renewable energy sources (RES) is regulated and how different support systems and institutional settings affect the final cost (and hence, price) of wind power. Chapter 3 discusses how the integration of wind energy is modifying the characteristics and management of the electrical system including grids, and how such modifications can affect the global price of electricity. Chapter 4 analyses how the external benefits of wind energy, such as its lower environmental impact and the lower social risk it entails can be incorporated into its valuation. Chapter 5 develops a methodology for the correct economic comparison of electricity costs coming from wind and from fuel-intensive coal and gas power generation. Chapter 5 uses as a starting point the methodology currently applied by the International Energy Agency (IEA) and improves it by incorporating some of the elements described in the previous

  18. Economic Energy Savings Potential in Federal Buildings

    Brown, Daryl R.; Dirks, James A.; Hunt, Diane M.

    2000-09-04

    The primary objective of this study was to estimate the current life-cycle cost-effective (i.e., economic) energy savings potential in Federal buildings and the corresponding capital investment required to achieve these savings, with Federal financing. Estimates were developed for major categories of energy efficiency measures such as building envelope, heating system, cooling system, and lighting. The analysis was based on conditions (building stock and characteristics, retrofit technologies, interest rates, energy prices, etc.) existing in the late 1990s. The potential impact of changes to any of these factors in the future was not considered.

  19. Economic Analysis of Nuclear Energy

    Kim, S. S.; Lee, M. K.; Moon, K. H.; Nam, J. H.; Noh, B. C.; Kim, H. R.

    2008-12-01

    The concerns on the global warming issues in the international community are bringing about a paradigm shift in the national economy including energy technology development. In this connection, the green growth mainly utilizing green technology, which emits low carbon, is being initiated by many advanced countries including Korea. The objective of the study is to evaluate the contribution to the national economy from nuclear energy attributable to the characteristics of green technology, to which nuclear energy belongs. The study covers the role of nuclear in addressing climate change issues, the proper share of nuclear in the electricity sector, the cost analyses of decommissioning and radioactive waste management, and the analysis on the economic performance of nuclear R and D including cost benefit analysis

  20. Energy, economic growth, and human welfare

    Schurr, S.H.

    1984-01-01

    The subject is covered in sections, entitled: economic growth and human welfare; world-wide economic growth; economic growth and energy consumption; assessing the future; caution advised; energy supply and economic growth; supply as constraint; sound policies needed. (U.K.)

  1. Economic policy and renewable energy

    Klaiss, H.

    1993-01-01

    The paper summarizes the economical conclusions of the 6th Symposium on Solar Thermal Concentrating Technologies which take place at Mojacar (Almeria). Parabolic throughs, Central Receiver Systems, dish stirling and Solar chimneys will commercial utilization by the year 2000. Levalized Energy Cost (Solar) is still higher than conventional (coal). Only the utilization of environmental parameters like ''CO2 avoided'' may contribute to market penetration. Concerning siting, it becomes clear that only those countries below 40 degree latitude, (Madrid, Nepal, Ankara) are acceptable. A desregulation of the electrical market is necessary for solar penetration, mainly in developing countries

  2. Energy-economic policy modeling

    Sanstad, Alan H.

    2018-01-01

    Computational models based on economic principles and methods are powerful tools for understanding and analyzing problems in energy and the environment and for designing policies to address them. Among their other features, some current models of this type incorporate information on sustainable energy technologies and can be used to examine their potential role in addressing the problem of global climate change. The underlying principles and the characteristics of the models are summarized, and examples of this class of model and their applications are presented. Modeling epistemology and related issues are discussed, as well as critiques of the models. The paper concludes with remarks on the evolution of the models and possibilities for their continued development.

  3. The economics of energy security

    Bohi, D.R.; Toman, M.A.; Walls, M.A.

    1996-01-01

    The results of research on energy security that has been conducted over the past 20 years are brought together and expanded. Chapter 2 lays out basic conceptual arguments regarding the economic externalities and the military premium, as well as the general problem of identifying a market failure. Chapter 3 provides a brief history of the oil price shocks of the 1970s and reviews the empirical evidence on the energy security externalities laid out in Chapter 2. Chapter 4 builds on the material in Chapter 3 to critique published estimates of the overall premium associated with oil imports or oil consumption. Chapter 5 examines how the oil market has changed in the twenty years since the first oil shock of the 1970s and assesses the effect of these changes on price behavior and market efficiency. Chapters 6 and 7 focus on two sectors in which the energy security debate is being carried out through concrete policy measures: the choice of electricity generation technology and the market for transportation fuels. In Chapter 8, we summarize our assessments of potential energy security externalities and examine their implications for a variety of policy measures at the national and subnational levels. 7 figs., 11 tabs., 200 refs

  4. Simplified energy design economics: Principles of economics applied to energy conservation and solar energy investments in buildings

    Marshall, H. E.; Ruegg, R. T.; Wilson, F.

    1980-01-01

    Economic analysis techniques for evaluating alternative energy conservation investments in buildings are presented. Life cycle cost, benefit cost, savings to investment, payback, and rate of return analyses are explained and illustrated. The procedure for discounting is described for a heat pump investment. Formulas, tables of discount factors, and detailed instructions are provided to give all information required to make economic evaluations of energy conserving building designs.

  5. The rhetoric of calculations. Economical arguments for development of new energy technologies

    Solli, Joeran

    2004-01-01

    The thesis discusses the theoretical economics and social factors for development of new energy technologies and has chapter on: New energy technologies in an economical and political change, technology development from innovation economy to economical sociology, opinion formation in the energy sector, establishing energy economical discussion, economy as pidgin, financial factors, forming social education and market power versus language strife

  6. Energy, economics, environment and politics

    Foster, R.J.

    1993-01-01

    The pressure on the Earth's environment and resources is the ultimate result of population growth and the only humane means available for stabilizing world population is to increase per capita living standards in the developing countries. However, this will require a very large increase in global energy consumption. If, as at present, the energy demand is met largely by fossil fuels, atmospheric concentrations of CO 2 will rise rapidly. Until the end of the century, and perhaps beyond it, any actions to control CO 2 emissions will be taken for precautionary reasons alone, because no reliable basis will exist for predicting their global (or regional) impact on the climate. The sustainability of the natural environment is also under threat from human activities such as the clearing of forests for crop-growing and grazing. The resulting elimination of habitats for, and genetic variability in, the victor is as serious a concern as global warming. The economic and social consequences of rigidly curtailing the growth of energy use in developed countries would be severe, and in developing countries extreme; even then greenhouse gas build up could only be slowed not prevented. On the other hand, a wealthier world would be more able to bear the financial burden of protecting biodiversity. It is concluded that since the developed countries on whom the main cost would have to fall, adequate effort into both biodiversity and greenhouse gas reduction, biodiversity must take procedence. (1 figure, 2 tables). (UK)

  7. Historical and economic aspects of energy issues

    Sander, M.

    2000-01-01

    The classical macro-economic aggregate production function considered that output as measured by Gross Domestic product (GDP) was the result of the factor inputs: land, labour and capital. The production function was given by: GDP=f(Land, Capital, Labour). We propose: GDP=function (LAND, CAPITAL, LABOUR, ENERGY, TECHNOLOGY, INFORMATION), GDP=function(Z, K, R, E, T, I). Measuring effects of these variables on growth of GDP over longer periods of time is difficult statistical and mathematical task. Mathematical relations are not derived but instead historical exposition with a selection of statistical data was given to prove validity of the production function relation. through long historical periods, energy was reduced to energy of animal and human muscles sometimes with a help of mechanical levers and mechanisms. With coal use in 18th century animal and human muscles are no more main energy sources but in substitute to them thermal machines (from steam reciprocating machines to Otto, diesel machines in combination with electric machines) startedto be main movers of industrial age with high energy intensity. Energy as general thermodynamic concept for availability or ability of substance to produce work was introduced. Between primary forms of energy crude oil like fuel with greatest energy or ability to produce mechanical work, specially in transport takes the dominant place in 20th and 21st century. Use of crude oil in gas turbines, internal combustion engines, reaches upper levels of efficiency, but in the same time there is no technology that could substitute it in the transport. Influence of crude oil on prices and all other forms of energy and as political and economic factor is considered. (author)

  8. Economic Analysis of Nuclear Energy

    Lee, Man Ki; Moon, K. H.; Kim, S. S.; Lim, C. Y.; Song, K. D.; Lee, H. M.; Oh, K. B.

    2003-12-01

    This study consists of various issues as follows; electricity price regulation in the liberalized electricity market, establishment of carbon emission limit in national electricity sector, the role of nuclear power as an future energy supply option, the future prospect of CO2 capture and sequestration and current research status of that area in Korea, and Preliminary economic feasibility study of MIP(Medical Isotopes Producer). In the price regulation in the liberalized electricity market, the characteristic of liberalized electricity market in terms of regulation was discussed. The current status and future projection of GHG emission in Korean electricity sector was also investigated. After that, how to set the GHG emission limit in the national electricity sector was discussed. The characteristic of nuclear technology and the research in progress were summarized with the suggestion of the possible new application of nuclear power. The current status and future prospect of the CO2 capture and sequestration research was introduced and current research status of that area in Korea was investigated. Preliminary economic feasibility study of MIP(Medical Isotopes Producer), using liquid nuclear fuel to produce medical isotopes of Mo-99 and Sr-89, was performed

  9. Global warming, energy use, and economic growth

    Khanna, Neha

    The dissertation comprises four papers that explore the interactions between global warming, energy use, and economic growth. While the papers are separate entities, they share the underlying theme of highlighting national differences in the growth experience and their implications for long-term energy use and climate change. The first paper provides an overview of some key economic issues in the climate change literature. In doing so, the paper critically appraises the 1995 draft report of Working Group III of the Intergovernmental Panel on Climate Change. The focus is the choice of a pure rate of time preference in the economic modeling of climate change, abatement costs differentials between developed and developing countries, and contrasting implications of standard discount rates and value of life estimates for these two country groups. The second paper develops a global model that takes account of the depletion of oil resources in the context of a geo-economic model for climate change. It is found that in the presence of non-decreasing carbon and energy intensities and declining petroleum availability, the carbon emissions trajectory is much higher than that typically projected by other models of this genre. Furthermore, by introducing price and income sensitive demand functions for fossil fuels, the model provides a framework to assess the effectiveness of fuel specific carbon taxes in reducing the COsb2 emissions trajectory. Cross-price substitution effects necessitate unrealistically high tax rates in order to lower the projected emissions trajectory to the optimal level. The economic structure of five integrated assessment models for climate change is reviewed in the third paper, with a special focus on the macroeconomic and damage assessment modules. The final paper undertakes an econometric estimation of the changing shares of capital, labour, energy, and technical change in explaining the growth patterns of 38 countries. Production elasticities vary by

  10. The underestimated contribution of energy to economic growth

    Ayres, R.U.; van den Bergh, J.C.J.M.; Lindenberger, D.; Warr, B.

    2013-01-01

    Standard economic theory regards capital and labour as the main factors of production that satisfy the "cost-share theorem". This paper argues that when a third factor, namely energy, is added physical constraints on substitution among the factors arise. We show that energy is a much more important

  11. Economics of alternative energy sources

    Ryle, M.

    1977-01-01

    It is stated that an important part of the oil and natural gas at present consumed in the UK is used for the heating of buildings, a demand which shows large diurnal, day-to-day and annual fluctuations. The replacement of this energy by nuclear-generated electricity, as at present envisaged, would require the construction of some 250 GW of additional capacity by the end of the century, a programme which does not seem feasible. By incorporating relatively cheap short term storage in the form of low-grade heat, the generating capacity required to fulfil peak demand could be reduced by more than 50%. As soon as such storage is provided, however, other sources of energy should become viable and attractive alternatives, and the UK is well situated to make use of wind, wave, and tidal power. It seems likely that the value of North Sea oil/gas reserves as feedstock to the chemical industry will rise sufficiently to make an early reduction in their consumption as fuel of great economic importance. (author)

  12. Economics of alternative energy sources.

    Ryle, M

    1977-05-12

    An important part of the oil and natural gas at present consumed in the UK is used for the heating of buildings, a demand which shows large diurnal, day-to-day and annual fluctuations. The replacement of this energy by nuclear-generated electricity, as at present envisaged, would require the construction of some 250 GW of additional capacity by the end of the century, a progamme which does not seem feasible. By incorporating relatively cheap, short term storage in the form of low-grade heat, the generating capacity required to fulfil peak demand could be reduced by more than 50%. As soon as such storage is provided, however, other sources of energy become viable and attractive alternatives, and the UK is well situated to make use of wind, wave, and tidal power. It seems likely that the value of North Sea oil/gas reserves as feedstock to the chemical industry will rise sufficiently to make an early reduction in their consumption as fuel of great economic importance.

  13. Introduction : Energy economics and financial markets

    Simpson, John L.; Westerman, Wim; Dorsman, André

    2015-01-01

    Energy issues feature frequently in the economic and financial press. It is argued that the importance of energy production, consumption and trade and raises fundamental economic issues that impact the global economy and financial markets. Specific examples of daily energy issues stem from various

  14. The IAEA energy and economic data bank

    Charpentier, J.P.; Russell, J.E.

    1978-01-01

    In 1976, the IAEA established a computerized energy and economic data bank not only on nuclear energy but on other forms of energy as well. The purpose of the data bank is to provide in a unified and systematic way energy and related economic data needed for long-term energy planning. A computer program permits the production of a variety of up-to-date tables and graphs

  15. The economics of wind energy

    Blanco, Maria Isabel

    2009-01-01

    This article presents the outcomes of a recent study carried out among wind energy manufacturers and developers regarding the current generation costs of wind energy projects in Europe, the factors that most influence them, as well as the reasons behind their recent increase and their expected future evolution. The research finds that the generation costs of an onshore wind farm are between 4.5 and 8.7 EURcent/kWh; 6-11.1 EURcent/kWh when located offshore, with the number of full hours and the level of capital cost being the most influencing elements. Generation costs have increased by more than 20% over the last 3 years mainly due to a rise of the price of certain strategic raw materials at a time when the global demand has boomed. However, the competitive position of wind energy investments vis-a-vis other technologies has not been altered. In the long-term, one would expect production costs go down; whether this will be enough to offset the higher price of inputs will largely depend on the application of correct policies, like R and D in new materials, O and M with remote-control devices, offshore wind turbines and substructures; introduction of advanced siting and forecasting techniques; access to adequate funding; and long-term legal stability. (author)

  16. The economics of wind energy

    Blanco, Maria Isabel [Department of Economics, University of Alcala, Plaza de la Victoria, 3, 28002 Alcala de Henares, Madrid (Spain)

    2009-08-15

    This article presents the outcomes of a recent study carried out among wind energy manufacturers and developers regarding the current generation costs of wind energy projects in Europe, the factors that most influence them, as well as the reasons behind their recent increase and their expected future evolution. The research finds that the generation costs of an onshore wind farm are between 4.5 and 8.7 EURcent/kWh; 6-11.1 EURcent/kWh when located offshore, with the number of full hours and the level of capital cost being the most influencing elements. Generation costs have increased by more than 20% over the last 3 years mainly due to a rise of the price of certain strategic raw materials at a time when the global demand has boomed. However, the competitive position of wind energy investments vis-a-vis other technologies has not been altered. In the long-term, one would expect production costs go down; whether this will be enough to offset the higher price of inputs will largely depend on the application of correct policies, like R and D in new materials, O and M with remote-control devices, offshore wind turbines and substructures; introduction of advanced siting and forecasting techniques; access to adequate funding; and long-term legal stability. (author)

  17. National economic aspects of energy supply

    Tschopp, P.

    1981-01-01

    The author discusses the economic place value of energy supply for production, the influence of energy on national economy structure and specialisation, cost/gain effects of alternative energy strategies, the effects of energy policy on the labour market, and the need for clearer aims in energy policy. (H.V.H.)

  18. Remarks on economic growth and energy demand

    Mueller, W.

    1979-01-01

    An energy policy according to the principles of decoupling is impossible without an increase in reasonable and profitable power application. It is also impossible without increased nuclear energy. Energy policy according to the principles of decoupling connects the natural growth tendency of a liberally arranged industry with the natural limits of the production factor 'nature'. Energy policy is the very sphere where tomorrow's necessities must be planned today. If in long range, a constant level of energy production struturised different from today's can be assumed, then this is future-bound. For it takes into consideration today tomorrow's necessities. This is the only guarantee we have for our industry to be able to grow tomorrow. On the basis of historical experience, an economic system will believe in the goal of a constant energy supply just as it was believing in abounding in energy up to day. The structure of the growth might change in long term. But accepting the thoughts of decoupling, progress will come. (orig./HP) [de

  19. Neighborhood Energy/Economic Development project

    1991-12-31

    Energy costs impact low income communities more than anyone else. Low income residents pay a larger percentage of their incomes for energy costs. In addition, they generally have far less discretionary energy use to eliminate in response to increasing energy prices. Furthermore, with less discretionary income, home energy efficiency improvements are often too expensive. Small neighborhood businesses are in the same situation. Improved efficiency in the use of energy can improve this situation by reducing energy costs for residents and local businesses. More importantly, energy management programs can increase the demand for local goods and services and lead to the creation of new job training and employment opportunities. In this way, neighborhood based energy efficiency programs can support community economic development. The present project, undertaken with the support of the Urban Consortium Energy Task Force, was intended to serve as a demonstration of energy/economic programming at the neighborhood level. The San Francisco Neighborhood Energy/Economic Development (NEED) project was designed to be a visible demonstration of bringing the economic development benefits of energy management home to low-income community members who need it most. To begin, a Community Advisory Committee was established to guide the design of the programs to best meet needs of the community. Subsequently three neighborhood energy/economic development programs were developed: The small business energy assistance program; The youth training and weatherization program; and, The energy review of proposed housing development projects.

  20. Economic Factors of Russian Inequality

    Bobkov, Vyacheslav N.; Vakhtina, Margarita A.; Simonova, Marina V.

    2016-01-01

    The relevance of the researched problem is connected with the high level of economic inequality in Russia. The article goal is to show that the current Russian institutional system is not directed to decrease the economic inequality but on the contrary it continues to make and deepen it. The leading approach to study of this problem is the…

  1. Frontiers in the economics of energy efficiency

    Miguel, Carlos de; Labandeira, Xavier; Löschel, Andreas

    2015-01-01

    Energy efficiency has become an essential instrument to obtain effective greenhouse gas mitigation and reduced energy dependence. This introductory article contextualizes the contributions of the supplemental issue by showing the new setting for energy efficiency economics and policy; discussing the role of price instruments to promote energy savings; presenting new approaches for energy efficiency policies; and placing energy efficiency within a wider energy and environmental framework.

  2. The Economics of America's Energy Future.

    Simmons, Henry

    This is an Energy Research and Development Administration (ERDA) pamphlet which reviews economic and technical considerations for the future development of energy sources. Included are sections on petroleum, synthetic fuels, oil shale, nuclear power, geothermal power, and solar energy. Also presented are data pertaining to U.S. energy production…

  3. Empirical essays on energy economics

    Thoenes, Stefan

    2013-06-13

    The main part of this thesis consists of three distinct essays that empirically analyze economic issues related to energy markets in the United States and Europe. The first chapter provides an introduction and discusses the motivation for the different analyses pursued in this thesis. The second chapter examines attention effects in the market for hybrid vehicles. We show that local media coverage, gasoline price changes and unprecedented record gasoline prices have a significant impact on the consumers' attention. As attention is not directly observable, we analyze online search behavior as a proxy for the revealed consumer attention. Our study is based on a unique weekly panel dataset for 19 metropolitan areas in the US. Additionally, we use monthly state-level panel data to show that the adoption rate of hybrid vehicles is robustly related to our measure of attention. Our results show that the consumers' attention fluctuates strongly and systematically. The third chapter shows how the effect of fuel prices varies with the level of electricity demand. It analyzes the relationship between daily prices of electricity, natural gas and carbon emission allowances with a semiparametric varying smooth coefficient cointegration model. This model is used to analyze the market impact of the nuclear moratorium by the German Government in March 2011. Futures prices of electricity, natural gas and emission allowances are used to show that the market efficiently accounts for the suspended capacity and correctly expects that several nuclear plants will not be switched on after the moratorium. In the fourth chapter, we develop a structural vector autoregressive model (VAR) for the German natural gas market. In particular, we illustrate the usefulness of our approach by disentangling the effects of different fundamental influences during four specific events: The financial crisis starting in 2008, the Russian-Ukrainian gas dispute in January 2009, the Libyan civil war

  4. Empirical essays on energy economics

    Thoenes, Stefan

    2013-01-01

    The main part of this thesis consists of three distinct essays that empirically analyze economic issues related to energy markets in the United States and Europe. The first chapter provides an introduction and discusses the motivation for the different analyses pursued in this thesis. The second chapter examines attention effects in the market for hybrid vehicles. We show that local media coverage, gasoline price changes and unprecedented record gasoline prices have a significant impact on the consumers' attention. As attention is not directly observable, we analyze online search behavior as a proxy for the revealed consumer attention. Our study is based on a unique weekly panel dataset for 19 metropolitan areas in the US. Additionally, we use monthly state-level panel data to show that the adoption rate of hybrid vehicles is robustly related to our measure of attention. Our results show that the consumers' attention fluctuates strongly and systematically. The third chapter shows how the effect of fuel prices varies with the level of electricity demand. It analyzes the relationship between daily prices of electricity, natural gas and carbon emission allowances with a semiparametric varying smooth coefficient cointegration model. This model is used to analyze the market impact of the nuclear moratorium by the German Government in March 2011. Futures prices of electricity, natural gas and emission allowances are used to show that the market efficiently accounts for the suspended capacity and correctly expects that several nuclear plants will not be switched on after the moratorium. In the fourth chapter, we develop a structural vector autoregressive model (VAR) for the German natural gas market. In particular, we illustrate the usefulness of our approach by disentangling the effects of different fundamental influences during four specific events: The financial crisis starting in 2008, the Russian-Ukrainian gas dispute in January 2009, the Libyan civil war in 2011 as

  5. Nuclear energy centers: Economic and environmental problems

    Dollezhal', N.A.; Bobolovich, V.N.; Emel'yanov, I.Ya.; Kochenov, A.S.; Koryakin, Yu.I.; Stolyarevskij, A.Ya.; Chernyaev, V.A.; Ponomarev-Stepnoj, N.N.; Protsenko, A.M.

    1977-01-01

    The report deals with qualitative and quantitative analysis of factors and problems, which may arise in the nearest future with the dispersion of sites of nuclear and fuel cycle plants. These problems arise with a large increase in the transportation of radioactive nuclear fuel, the necessity in valuable land and water resources, delay in construction and scheduled commercial operation of nuclear power plant, increase in the cost of labour and other economic and environmental factors and limitations. The report has an analysis of one of the ways of decreasing these difficulties, connected with the construction of large nuclear energy centres, consisting of a cluster of reactors on a single reactor site with the combined capacity of 40,000-50,000 MWe. The centres may consist, for example, of a cluster of conventional nuclear power plants that mainly consist of fast breeders and fuel cycle plants. They should be located in regions with a low density population and low value and deficiency of land and water resources. Electricity will be transmitted to consumers. The social-economic functions of such centres as factors that give birth to industrial regions are considered. Also given is the comparative estimate of benefits and problems of these two ways of further development of nuclear power system [ru

  6. Three essays on energy and economic growth

    Peach, Nathanael David

    2011-12-01

    This dissertation explores the relationship between energy and economic growth. Chapter Two, Three, and Four examine the interaction of energy-related measures and economic outcomes by applying different methodologies across various spatial dimensions. Chapter Two shows that increases in energy consumption are necessary for increases in state level economic growth to occur. Chapter Three estimates a simultaneous supply and demand energy market at the state level. This system allows for estimates of structural elasticities to be obtained. Findings indicate that energy supply is considerably more elastic than energy demand. Energy demand is found to be determined by responses to short run shocks rather than long run processes. Chapter Four estimates the impact of changes in various elements of governance and institutional quality impact genuine investment within an economy. Increases in democracy are predicted to decrease genuine investment in energy-rich nations. The dissertation concludes with Chapter Five.

  7. Analysis of Economic Factors Affecting Stock Market

    Xie, Linyin

    2010-01-01

    This dissertation concentrates on analysis of economic factors affecting Chinese stock market through examining relationship between stock market index and economic factors. Six economic variables are examined: industrial production, money supply 1, money supply 2, exchange rate, long-term government bond yield and real estate total value. Stock market comprises fixed interest stocks and equities shares. In this dissertation, stock market is restricted to equity market. The stock price in thi...

  8. The economic costs of energy

    Brookes, L.G.

    1980-01-01

    At a recent symposium, the economic costs of nuclear power were examined in four lectures which considered; (1) The performance of different types, size and ages of nuclear power plants. (2) The comparison between coal and nuclear power costs based on the principle of net effective cash. (3) The capital requirements of a nuclear programme. (4) The comparative costs, now and in the future, of coal-fired and nuclear plants. It is concluded that uncertainties seem to get greater rather than smaller with time probably due to the high and fluctuating world inflation rates and the great uncertainty about world economic performance introduced by the politicising of world oil supplies. (UK)

  9. Energy reconstruction of Russia economics

    Vishnyakova, O.N.

    2001-01-01

    How to make the energetics economically efficient and ecologically safe - is the main question that worries many people today. The credit-monetary policy is considered. Development of the system for the control and management of the power engineering enterprises is proposed [ru

  10. The role of energy in economic growth.

    Stern, David I

    2011-02-01

    This paper reviews the mainstream, resource economics, and ecological economics models of growth. A possible synthesis of energy-based and mainstream models is presented. This shows that when energy is scarce it imposes a strong constraint on the growth of the economy; however, when energy is abundant, its effect on economic growth is much reduced. The industrial revolution released the constraints on economic growth by the development of new methods of using coal and the discovery of new fossil fuel resources. Time-series analysis shows that energy and GDP cointegrate, and energy use Granger causes GDP when capital and other production inputs are included in the vector autoregression model. However, various mechanisms can weaken the links between energy and growth. Energy used per unit of economic output has declined in developed and some developing countries, owing to both technological change and a shift from poorer quality fuels, such as coal, to the use of higher quality fuels, especially electricity. Substitution of other inputs for energy and sectoral shifts in economic activity play smaller roles. © 2011 New York Academy of Sciences.

  11. Engineering economics of alternative energy sources

    Denno, K.

    1990-01-01

    This textbook presents a comprehensive picture of the economic aspects, feasibility and adaptability of alternative energy sources and their interconnections. The author intends for this treatment of energy sources to be total and complete. It therefore includes such topics as low temperature and high temperature fuel cells, rechargeable storage batteries (including lead acid, nickel-cadmium, lithium, and sodium-sulfur), Redox flows cells energy system in compatibility with fuel cells and storage batteries, MHD energy systems using non-fossil renewable fuels, solar energy system using direct thermal units and photovoltaic generators, wind energy conversion systems, tidal ocean wave energy converters, geothermal energy, and ocean thermal energy conversion systems. The book is structured so that each major energy source is given one chapter. Each chapter begins with a discussion of the basic structural components of the energy source, as well as operational and fuel characteristics. This is followed by an economic analysis, which includes incremental energy cost curves and economic coordination equations for each possible system of operation. Where appropriate, economic scheduling of generation is applied to several modes of system consumption (e.g., localized dispersed systems, interconnected load centers, and central systems)

  12. The new economics of nuclear energy

    Salian, Ramesh; Prasanna Kumar, N.

    2012-01-01

    With 15% of the world's population and an economic growth rate that increases the aspiration of its people to better quality of life, India has a voracious appetite for energy. Nuclear power is one of the options of providing safe, environmentally benign, reliable and economically competitive energy services. Nuclear power world over provides about 16% of electricity through 440 nuclear power plants with a total installed capacity of 361.582 GW (as of January 2004, IAEA PRIS data). Nuclear energy has traditionally played a small role in meeting India's energy requirements. Nuclear power makes up only 4,120 MW, constituting 2.6%, of the total electricity generation capacity. India is a power hungry nation and needs to switch over from its tremendous dependence on fossil fuels to alternative sources of energy like solar energy, bio energy and nuclear energy. Indian nuclear power plants have progressively attained excellent operation performances. However, the changing economic and geopolitical situation in the energy sector has made it imperative to emphasize the significance of nuclear energy in the future energy landscape of the country. The present paper discuss the importance, demand and supply pattern of nuclear energy and its economics. (author)

  13. Literacy, health and economic factors

    Kukubajska, Marija Emilija; Koceva, Sonja

    2015-01-01

    Economic disadvantage in less developed regions of the world is expected to result into higher illiteracy rate, among children in particular. Some developed countries do not follow this pattern. A paradox indicates: they pay special attention to nutrition and dietetics, yet record surprising illiteracy. Poor regions welcome new concepts of healthy nutrition and healthy education, while they also integrate existing traditional nutrition, just as developed societies promote health agricultural ...

  14. Economics of compressed air energy storage employing thermal energy storage

    Schulte, S.C.; Reilly, R.W.

    1979-11-01

    The approach taken in this study is to adopt system design and capital cost estimates from three independent CAES studies (eight total designs) and, by supplying a common set of fuel/energy costs and economic assumptions in conjunction with a common methodology, to arrive at a series of levelized energy costs over the system's lifetime. In addition, some analyses are provided to gauge the sensitivity of these levelized energy costs to fuel and compression energy costs and to system capacity factors. The systems chosen for comparison are of four generic types: conventional CAES, hybrid CAES, adiabatic CAES, and an advanced-design gas turbine (GT). In conventional CAES systems the heat of compression generated during the storage operation is rejected to the environment, and later, during the energy-generation phase, turbine fuel must be burned to reheat the compressed air. In the hybrid systems some of the heat of compression is stored and reapplied later during the generation phase, thereby reducing turbine fuel requirements. The adiabatic systems store adequate thermal energy to eliminate the need for turbine fuel entirely. The gas turbine is included within the report for comparison purposes; it is an advanced-design turbine, one that is expected to be available by 1985.

  15. Economic Analysis of Nuclear Energy

    Lee, Han Myung; Lee, M. K.; Moon, K. H.; Kim, S. S.; Lim, C. Y.; Song, K. D.; Oh, K. B.

    2002-12-01

    This study deals with current energy issues, environmental aspects of energy, project feasibility evaluation, and activities of international organizations. Current energy issues including activities related with UNFCCC, sustainable development, and global concern on energy issues were surveyed with focusing on nuclear related activities. Environmental aspects of energy includes various topics such as, inter- industrial analysis of nuclear sector, the role of nuclear power in mitigating GHG emission, carbon capture and sequestration technology, hydrogen production by using nuclear energy, Life Cycle Analysis as a method of evaluating environmental impacts of a technology, and spent fuel management in the case of introducing fast reactor and/or accelerator driven system. Project feasibility evaluation includes nuclear desalination using SMART reactor, and introduction of COMFAR computer model, developed by UNIDO to carry out feasibility analysis in terms of business attitude. Activities of international organizations includes energy planning activities of IAEA and OECD/NEA, introduction of the activities of FNCA, one of the cooperation mechanism among Asian countries. In addition, MESSAGE computer model was also introduced. The model is being developed by IAEA to effectively handle liberalization of electricity market combined with environmental constraints

  16. Ecological economics, energy, and sustainable development

    Peet, J.

    1991-01-01

    Conventional techniques of economics, in different countries, do not normally take proper account of increases in the cost of energy (especially oil) that are expected in the next twenty years, or the rapidly declining ability of the environment to absorb wastes and pollutants, especially those resulting from the use of fossil fuels. Unless these factors are included in political-economic decision-making, and paths for future development adjusted to take account of them, many future development options will be severely damaged. In this paper, it is argued that new decision-making principles are urgently needed, in which societies accept that the physics of the environment are dominant, and the desires of people are subject to physical constraints. When future development options are considered, there is therefore a hierarchy of decision-making. Primary decisions depend upon the physics and ecology of the environment, of development, and of resource utilization. These have to be made before secondary decisions which are mainly ethical, and depend upon social and community values. These are best expressed by people, through adult education and the political process. Only then is it possible to make tertiary decisions, which relate to the allocation of resources. These decisions will depend heavily upon the use of economic tools. Several approaches have been proposed for improving political-economic decision-making. Some concentrate on modifications to markets, so they can incorporate ''externalities''. In other approaches, physical understandings are introduced into policy analyses, in order to indicate the constraints that limit development options. Some important techniques are reviewed, and suggestions are made about better methods of decision-making in the future. (author)

  17. Energy pricing. Economics and principles

    Conkling, Roger L. [Portland Univ., OR (United States). School of Business Administration

    2011-07-01

    This book describes the processes through which rates for energy consumption are derived, ranging from initial analyses of the supply and demand parameters to the final forms and levels of end-use consumer prices. The author argues against aggressive accounting procedures, and suggests criteria for choosing firm's position on pending public policy issues. A handbook on energy formulae for non-professionals is included in the book. The author is adjunct professor at the University of Portland. (orig.)

  18. Measuring energy efficiency in economics: Shadow value approach

    Khademvatani, Asgar

    For decades, academic scholars and policy makers have commonly applied a simple average measure, energy intensity, for studying energy efficiency. In contrast, we introduce a distinctive marginal measure called energy shadow value (SV) for modeling energy efficiency drawn on economic theory. This thesis demonstrates energy SV advantages, conceptually and empirically, over the average measure recognizing marginal technical energy efficiency and unveiling allocative energy efficiency (energy SV to energy price). Using a dual profit function, the study illustrates how treating energy as quasi-fixed factor called quasi-fixed approach offers modeling advantages and is appropriate in developing an explicit model for energy efficiency. We address fallacies and misleading results using average measure and demonstrate energy SV advantage in inter- and intra-country energy efficiency comparison. Energy efficiency dynamics and determination of efficient allocation of energy use are shown through factors impacting energy SV: capital, technology, and environmental obligations. To validate the energy SV, we applied a dual restricted cost model using KLEM dataset for the 35 US sectors stretching from 1958 to 2000 and selected a sample of the four sectors. Following the empirical results, predicted wedges between energy price and the SV growth indicate a misallocation of energy use in stone, clay and glass (SCG) and communications (Com) sectors with more evidence in the SCG compared to the Com sector, showing overshoot in energy use relative to optimal paths and cost increases from sub-optimal energy use. The results show that energy productivity is a measure of technical efficiency and is void of information on the economic efficiency of energy use. Decomposing energy SV reveals that energy, capital and technology played key roles in energy SV increases helping to consider and analyze policy implications of energy efficiency improvement. Applying the marginal measure, we also

  19. Energy and economic tables 1950-1991

    1994-02-01

    This publication, prepared by the Planning and Economic Studies Section of the Division of Nuclear Power, presents summaries of data contained in the IAEA Energy and Economic Data Bank (EEDB). The data for each country are presented in a standardized format and in consistent system units. Aggregated data for the whole world, and for eight world subdivisions, are also presented in the same format

  20. The economic impact of renewable energy

    1998-02-01

    This report summarises the findings of a project investigating the economic impact of renewable energy. The background to the study is traced, and potential sources of public finance for renewable projects, sensitivity analysis of the employment estimates , estimates of demand met by renewable energy technologies, the expenditures involved in investment in renewable energy; and sectoral linkages are examined. Wealth creation through investment in renewable energy, and the economic and employment impacts are explored. Plant retirement and replacement analysis, and input-output models are considered in appendices

  1. Employment, energy, and economic growth in Australia

    Andrews, J

    1979-09-01

    The author examines the complex relationships between energy use, employment opportunities, and economic growth as they apply to the Australian economy and concludes that state and federal governments should collaborate to analyze the employment impacts of the various energy strategies. He sees the need for changes in the political and economic environment as well as in the way energy is used before Australia can return to full employment. While low or zero energy growth policies would not, by themselves, solve the unemployment problem, most new jobs have been created in the labor-intensive service industries. 25 references. (DCK)

  2. Biomass energy utilisation - ecological and economic aspects

    Plamen Gramatikov

    2009-01-01

    Biomass is the world's fourth largest energy source today and it represents about 35% of the primary energy supply in developing countries. Biomass is a versatile source of energy in that it can produce electricity, heat, transport fuel and it can be stored. The problems (technical, economic, etc.) which have to be solved by treatment of biomass are discussed in this work. The average quantities of biomass resources of some European countries are presented and the structure, percentage of products and their calorific values are estimated. Keywords: Biomass Energy Potential, Ecological & Economic Aspects

  3. Economical scale of nuclear energy application

    2001-01-01

    The nuclear energy industry is supported by two wheels of radiation and energy applications. When comparing both, they have some different sides, such as numbers of employees and researchers, numbers and scales of works, effect on society, affecting effects and regions of industrial actions, problems on safety, viewpoint on nuclear proliferation protection and safety guarantee, energy security, relationship to environmental problem, efforts on wastes disposal, and so on. Here described on economical scale of radiation application in fields of industry, agriculture, and medicine and medical treatment, and on economical scale of energy application in nuclear power generation and its instruments and apparatus. (G.K.)

  4. The economic impact of renewable energy

    NONE

    1998-02-01

    This report summarises the findings of a project investigating the economic impact of renewable energy. The background to the study is traced, and potential sources of public finance for renewable projects, sensitivity analysis of the employment estimates , estimates of demand met by renewable energy technologies, the expenditures involved in investment in renewable energy; and sectoral linkages are examined. Wealth creation through investment in renewable energy, and the economic and employment impacts are explored. Plant retirement and replacement analysis, and input-output models are considered in appendices.

  5. The economic value of fusion energy

    Kim, S.H.; Clarke, J.; Edmonds, J.

    1996-01-01

    The potential economic benefit of fusion energy technology is significant and could dwarf the world's total expenditure on fusion energy research and development. However, the realization of these benefits will depend on the economic competitiveness of electricity generation from fusion energy technologies relative to that from other existing fossil fueled and renewable technologies, as well as the time in which fusion energy technologies are available for commercial operation. Utilizing the Second Generation Model, a long-term energy/economics model, the potential economic benefit of fusion energy technology for the United States was assessed. Model scenarios with hypothetical fusion power technologies based on the International Thermonuclear Experimental Reactor (ITER) design with varying cost and time of availability showed that significant economic benefit exists from a competitive fusion technology with cost of electricity (COE) of 0.06 $/kWhr and available in the year 2025. The fusion technology with these characteristics resulted in a total discounted GDP benefit of $105 billion from the year 1995 to 2100. On the other hand, uncompetitive fusion technologies with higher COE of 0.12 and 0.09 $/kWhr had little economic benefits. Moreover, delaying the introduction of all fusion technologies from 2025 to 2050 reduced the economic benefits of fusion technologies by more than 60 percent. Aside from the economic benefit of fusion technologies operating in the United States, the potential economic value of international trade in fusion technologies is likely to be even greater. If the United States could capture just a portion of the global electricity market, the export value of the fusion technology could amount to hundreds of billions of dollars, whereas the cost of importing the technology to the United States will erase any benefits derived from GDP increases

  6. Energy Distribution and Economic Growth

    Dalgaard, Carl-Johan Lars; Strulik, Holger

    2011-01-01

    This research examines the physical constraints on the growth process. In order to run, maintain and build capital energy is required to be distributed to geographically dispersed sites where investments are deemed profitable. We capture this aspect of physical reality by a network theory....../2 and 3/4, depending on the efficiency of the network. Together with an energy conservation equation, capturing instantaneous aggregate demand for electricity, we are able to provide a metabolic-energetic founded law of motion for capital per capita that is mathematically isomorphic to the one emanating...... of electricity distribution. The model leads to a supply relation according to which feasible electricity consumption per capita rises with the size of the economy, as measured by capital per capita. Specifically, the relation is a simple power law with an exponent assigned to capital that is bounded between 1...

  7. Energy consumption and economic growth

    Brookes, L G

    1972-10-01

    A mathematical model relating Gross National Product (GNP) per capita to useful energy consumed per capita is demonstrated to predict the shift in this relationship actually experienced in the U.K. and the U.S. over a period of years. World GNP growths in the recent past are used to forecast GNP growth to the year 2030 and also (via the model) the necessary fuel consumption for such growth; likewise, potential production of fossil fuels (exclusive of tar sands and oil shale) is shown to 2030, based on two different assumptions about total world reserves. Fossil fuel ceases to meet world requirements for energy at some time between 1985 and 1995. The most likely candidate for filling the gap is nuclear power.

  8. The Relationship Between Energy Consumption and Economic ...

    As evidenced from the study, causality runs from energy consumption to economic growth. Energy consumption in Nigeria is mainly based on the use of fossil fuels which is non-renewable. Therefore, in order to actualize its vision of becoming one of the 20th largest economies in the World by the year 2020, government ...

  9. The economic power of energy and the need to integrate it with energy policy

    Kümmel, Reiner; Lindenberger, Dietmar; Weiser, Florian

    2015-01-01

    Drastic oil price changes, the associated economic perturbations, the coupling of energy conversion to entropy production in the form of emissions, and the problems of climate change call for a reappraisal of energy in economic theory. We review econometric growth analyses that do not weigh the production factors capital, labor, and energy by their cost shares. Their reproduction of economic growth in Germany, Japan, and the USA during the second half of 20th century is good. According to these analyses, energy's output elasticity, which measures its economic power, is much larger than energy's share in total factor cost, while for labor's output elasticity and cost share the opposite is true. This is consistent with profit and welfare optimization, if hitherto ignored technological constraints are taken into account. Computing the motion of the German industrial sector in its cost mountain, employing empirical data on factor quantities and prices, supports these results. The pivotal role of energy in economic growth provides leverage to energy policies that care about social well being and climate stability. - Highlights: • The article indicates the importance of thermodynamics for economics. • Due to technological constraints output elasticities deviate from factor cost shares. • We point out energy policy implications from the high output elasticities of energy.

  10. Energy and economic growth in industrializing countries

    Samouilidis, J E; Mitropoulos, C S

    1984-07-01

    This paper investigates some aspects of the interrelated paths of economic growth and energy demand, in the case of an industrializing economy, through the use of numerous econometric models. Translog functions have helped establish that income and price elasticities of energy, two critical parameters in the energy-economy interaction, exhibit falling trends with time. The value share of the industrial sector is strongly associated with both energy demand and energy intensity. Any increase in the former will lead to amplified increases in the latter, rendering the continuation of past trends in industrial expansion questionable under conditions of high energy costs. Substitution among capital, labor and energy does take place, though to a limited extent, as indicated by the aggregate measure of energy/non-energy substitution elasticity. All findings appear to suggest that energy policymaking, in an industrializing country like Greece, will be of low effectiveness until certain structural changes in the economy are realized.

  11. FINANCIAL STABILITY AS A FACTOR ECONOMIC SECURITY

    A. V. Endovitskaya

    2015-01-01

    Full Text Available Summary. The article examines the linkages between financial stability and the level of its economic security. Considered the content of financial stability, represented by its own definition, we studied the basic conditions to achieve it. The logic diagram showing the location of financial stability and financial security to ensure the economic security of the business entity. A system of internal and external factors affecting the financial stability and endanger financial stability and financial security company. It has been established that it is the internal factors such as the availability of financial resources and financial position, capital structure, the company's ability to generate profits determine the level of economic security and its ability to withstand the negative impact of external and internal threats. The necessity of improving the financial sustainability in order to improve the economic security of the enterprise. On the basis of the research proposed matrix of risks affecting the financial stability and economic security, which allows to determine the probability of their occurrence and impact. It presents the economic, social, human, financial, organizational, economic, innovative and productive tools to increase the stability and financial security of an economic entity. List considered standard measures will make a plan of action to minimize the adverse impacts and enhance financial stability and security. Therefore, a prerequisite for the economic security of the enterprise is the attainment of financial stability.

  12. Energy economics basics - Emphasis programme 2004 - 2007

    Gutzwiller, L.

    2005-01-01

    This report from the Swiss Federal Office of Energy (SFOE) examines the work done within the framework of the interdisciplinary energy economics programme on scenarios and instruments for energy policy-making and economics, as well as on social and environmental aspects. The report reviews the emphasis and goals of the next phase of the programme for the period 2004 - 2007. A research road map is discussed that is to identify promising technologies that will provide a substantial contribution to meeting the goal of creating the so-called '2000-Watt Society'. The road map is to also help identify technologies that provide socio-economic advantages and identify bottlenecks and restraints on the propagation of energy-efficient technologies in the building and transport areas

  13. Economic feasibility of thermal energy storage systems

    Habeebullah, B.A. [Faculty of Engineering, King Abdulaziz University, Jeddah (Saudi Arabia)

    2007-07-01

    This paper investigates the economic feasibility of both building an ice thermal storage and structure a time of rate tariff for the unique air conditioning (A/C) plant of the Grand Holy Mosque of Makkah, Saudi Arabia. The features of the building are unique where the air-conditioned 39,300 m{sup 2} zone is open to the atmosphere and the worshippers fully occupy the building five times a day, in addition hundreds of thousands of worshippers attend the blessed weekend's prayer at noontime, which escalates the peak electricity load. For economic analysis, the objective function is the daily electricity bill that includes the operation cost and the capital investment of the ice storage system. The operation cost is function of the energy imported for operating the plant in which the tariff structure, number of operating hours and the ambient temperature are parameters. The capital recovery factor is calculated for 10% interest rate and payback period of 10 years. Full and partial load storage scenarios are considered. The results showed that with the current fixed electricity rate (0.07 $/kWh), there is no gain in introducing ice storage systems for both storage schemes. Combining energy storage and an incentive time structured rate showed reasonable daily bill savings. For base tariff of 0.07 $/kWh during daytime operation and 0.016 $/kWh for off-peak period, savings were achieved for full load storage scenario. Different tariff structure is discussed and the break-even nighttime rate was determined (varies between 0.008 and 0.03 $/kWh). Partial load storage scenario showed to be unattractive where the savings for the base structured tariff was insignificant. (author)

  14. Energy and economic development [Brazil: A country profile on sustainable energy development

    Machado, G.; Schaeffer, R.

    2006-01-01

    energy use patterns. Section 5.2 assesses energy use in Brazil by analysing energy intensities. A decomposition analysis technique is applied to final energy use figures to help identify the factors affecting final energy use in the Brazilian economy. Such a technique allows the decomposition of energy use changes into three basic effects: activity, structure and intensity. The activity effect results from the impact of overall economic growth on final energy use. The structure effect derives from the impact that the sectoral composition of the economy has on the final energy use of a country. The intensity effect refers to the final energy requirements per unit of activity of each sector considered (sectoral breakdown). Findings are contrasted with historical events and circumstances to provide a better understanding of the impacts of Brazil's economic and social choices on its final energy use patterns. Section 5.3 recommends synergetic strategies to enhance sustainable energy development in Brazil based on what has been learned from the country's previous economic and social choices and from the experiences of other countries. The final section is a summary of the main issues related to Brazil's energy system and its economic development. The chapter presents indicators mainly related to energy intensity. Other important economic indicators that are part of the Energy Indicators for Sustainable Development (EISD) set are addressed in other parts of the report: fuel mix in Chapter 2, reserves to production ratios in Chapter 3, technology efficiencies in Chapter 4, per capita energy use in Chapter 7 and import dependence in Chapter 8

  15. Economic analysis of nuclear energy

    Song, Ki Dong; Lee, M. K.; Moon, K. H.; Kim, S. S.; Lim, C. Y.; Kim, H. S

    2000-12-01

    This study identified the role of nuclear energy in the following three major aspects. First of all, this study carried out cost effectiveness of nuclear as a CDM technology, which is one of means of GHG emission reduction in UNFCCC. Secondly, environmental externalities caused by air pollutants emitted by power options were estimated. The 'observed market behaviour' method and 'responses to hypothetical market' method were used to estimate objectively the environmental external costs by electric source, respectively. Finally, the role of nuclear power in securing electricity supply in a liberalized electricity market was analyzed. This study made efforts to investigate whether nuclear power generation with high investment cost could be favored in a liberalized market by using 'option value' analysis of investments.

  16. Economic analysis of nuclear energy

    Song, Ki Dong; Lee, M. K.; Moon, K. H.; Kim, S. S.; Lim, C. Y.; Kim, H. S.

    2000-12-01

    This study identified the role of nuclear energy in the following three major aspects. First of all, this study carried out cost effectiveness of nuclear as a CDM technology, which is one of means of GHG emission reduction in UNFCCC. Secondly, environmental externalities caused by air pollutants emitted by power options were estimated. The 'observed market behaviour' method and 'responses to hypothetical market' method were used to estimate objectively the environmental external costs by electric source, respectively. Finally, the role of nuclear power in securing electricity supply in a liberalized electricity market was analyzed. This study made efforts to investigate whether nuclear power generation with high investment cost could be favored in a liberalized market by using 'option value' analysis of investments

  17. Energy, pollution, and economic development in Tunisia

    Miniar Ben Ammar Sghari

    2016-11-01

    The rising level of energy consumption that is occurring internationally also is being mirrored at regional and national levels. An interesting case study along these lines is Tunisia, which is one of the high-growth economies in the Middle East and North African area yet lacks sufficient energy supply to satisfy its growing demand. Tunisia looks like many nations around the world with a young population, growing economy, increasing domestic energy consumption, and the need to balance economic development with environmental concerns.

  18. Energy technologies and energy efficiency in economic modelling

    Klinge Jacobsen, Henrik

    1998-01-01

    This paper discusses different approaches to incorporating energy technologies and technological development in energy-economic models. Technological development is a very important issue in long-term energy demand projections and in environmental analyses. Different assumptions on technological ...... of renewable energy and especially wind power will increase the rate of efficiency improvement. A technologically based model in this case indirectly makes the energy efficiency endogenous in the aggregate energy-economy model....... technological development. This paper examines the effect on aggregate energy efficiency of using technological models to describe a number of specific technologies and of incorporating these models in an economic model. Different effects from the technology representation are illustrated. Vintage effects...... illustrates the dependence of average efficiencies and productivity on capacity utilisation rates. In the long run regulation induced by environmental policies are also very important for the improvement of aggregate energy efficiency in the energy supply sector. A Danish policy to increase the share...

  19. Economics of fusion driven symbiotic energy systems

    Renier, J.P.; Hoffman, T.J.

    1979-01-01

    The economic analysis of symbiotic energy systems in which U233 (to fuel advanced converters burning U233 fuel) is generated in blankets surrounding fusioning D-T plasma's depends on factors such as the plasma performance parameters, ore costs, and the relative costs of Fusion Breeders (CTR) to Advanced Fission Converters. The analysis also depends on detailed information such as initial, final makeup fuel requirements, fuel isotopics, reprocessing and fabrication costs, reprocessing losses (1%) and delays (2 years), the cost of money, and the effect of the underutilization of the factory thermal installation at the beginning of cycle. In this paper we present the results of calculations of overall fuel cycle and power costs, ore requirements, proliferation resistance and possibilities for grid expansion, based on detailed mass and energy flow diagrams and standard US INFCE cost data and introduction constraints, for realistic symbiotic scenarios involving CTR's (used as drivers) and denatured CANDU's (used as U233 burners). We compare the results with those obtained for other strategies involving heterogeneous LMFBR's which burn Pu to produce U233 for U233-burners such as the advanced CANDU converters

  20. Economics, modeling, planning and management of energy

    Rogner, H.H.; Khan, A.M.; Furlan, G.

    1989-01-01

    The Workshop attended by 89 participants from 40 countries aimed to provide participants with an overview of global and regional issues and to familiarize them with analytical tools and modeling techniques appropriate for the analysis and planning of national energy systems. Emphasis was placed on energy-economy-interaction, modelling for balancing energy demand and supply, technical-economic evaluation of energy supply alternatives and energy demand management. This volume presents some of the lectures delivered at the Workshop. The material has been organized in five parts under the headings General Review of Current Energy Trends, Energy and Technology Menu, Basic Analytical Approaches, Energy Modeling and Planning, and Energy Management and Policy. A separate abstract was prepared for each of the lectures presented. Refs, figs and tabs

  1. Three essays in energy economics

    Kim, Dae-Wook

    Deregulation in electricity and natural gas market in an attempt to alleviate market power of privately owned utilities is widespread throughout the United States. Beginning with Gollop and Roberts (1979), a number of empirical studies have allowed the data to identify industry competition and marginal cost levels by estimating the firms' first order condition within a conjectural variations framework. The first chapter of my dissertation uses direct measures of marginal cost for the California electricity market to measure the extent to which estimated mark-ups and marginal costs are biased. My results suggest that the New Empirical Industrial Organization technique poorly estimates the level of mark-ups and the sensitivity of marginal cost to cost shifters. The second chapter takes advantage of the market structure of electricity and natural gas varies in the United States. The goal of the chapter is to analyze whether combined-billed residential households of electricity and natural gas firms face information costs associated with determining the portion of their monthly energy bill attributed to natural gas consumption and the portion attributed to electricity consumption. However, if households are unable to determine whether an increase in their energy bill is the result of an increase in the price of electricity or an increase in the price of natural gas, they act as if electricity and natural gas were complements. I find that own-price elasticities are smaller in absolute terms in combined-billed markets, while cross-price elasticities are more positive, compared to separate-billed markets; both of these results are consistent with the presence of information costs. In chapter 3, I provide an empirical evidence of the impact of variations in ownership, regulation and market structure on the electric and natural gas markets in the United States. My results suggest that the private firms in electricity markets are associated with higher prices than public

  2. An enviro-economic function for assessing energy resources for district energy systems

    Rezaie, Behnaz; Reddy, Bale V.; Rosen, Marc A.

    2014-01-01

    District energy (DE) systems provide an important means of mitigating greenhouse gas emissions and the significant related concerns associated with global climate change. DE systems can use fossil fuels, renewable energy and waste heat as energy sources, and facilitate intelligent integration of energy systems. In this study, an enviro-economic function is developed for assessing various energy sources for a district energy system. The DE system is assessed for the considered energy resources by considering two main factors: CO 2 emissions and economics. Using renewable energy resources and associated technologies as the energy suppliers for a DE system yields environmental benefits which can lead to financial advantages through such instruments as tax breaks; while fossil fuels are increasingly penalized by a carbon tax. Considering these factors as well as the financial value of the technology, an analysis approach is developed for energy suppliers of the DE system. In addition, the proposed approach is modified for the case when thermal energy storage is integrated into a DE system. - Highlights: • Developed a function to assess various energy sources for a district energy system. • Considered CO 2 emissions and economics as two main factors. • Applied renewable energy resources technologies as the suppliers for a DE system. • Yields environmental benefits can lead to financial benefits by tax breaks. • Modified enviro-economic function for the TES integrated into a DE system

  3. Energy economics; Economie de l'energie

    Babusiaux, D. [Institut Francais du Petrole (IFP), 92 - Rueil-Malmaison (France)

    2005-07-01

    The energy demand is strongly conditioned by the consuming equipments. Depending on the uses, some energy sources can be substituted, while for some others the choice is limited or impossible. The energy offer comes mainly from non-renewable resources, and taking into consideration the geographical localization of these resources, economics are geopolitics are indissociable despite the development of markets. Necessary for the economic development, energy cannot be consumed without impact on the environment, which raises some worrying questions, like the one of global warming. (J.S.)

  4. Techno-economic optimisation of energy systems

    Mansilla Pellen, Ch.

    2006-07-01

    The traditional approach currently used to assess the economic interest of energy systems is based on a defined flow-sheet. Some studies have shown that the flow-sheets corresponding to the best thermodynamic efficiencies do not necessarily lead to the best production costs. A method called techno-economic optimisation was proposed. This method aims at minimising the production cost of a given energy system, including both investment and operating costs. It was implemented using genetic algorithms. This approach was compared to the heat integration method on two different examples, thus validating its interest. Techno-economic optimisation was then applied to different energy systems dealing with hydrogen as well as electricity production. (author)

  5. Economic and Cultural Factors Affecting University Excellence

    Jabnoun, Naceur

    2009-01-01

    Purpose: The ranking of top universities in the world has generated increased interest in the factors that enhance university performance. The purpose of this paper is to identify economic and cultural factors that affect the number of top ranking universities in each country. Design/methodology/approach: This paper first identifies the number of…

  6. Integration of biomass into urban energy systems for heat and power. Part II: Sensitivity assessment of main techno-economic factors

    Pantaleo, Antonio M.; Giarola, Sara; Bauen, Ausilio; Shah, Nilay

    2014-01-01

    Highlights: • Application of a MILP tool for optimal sizing and location of heating and CHP plants to serve residential energy demand. • Trade-offs between local vs centralized heat generation, district heating vs natural gas distribution systems. • Assessment of the key factors influencing the use of biomass and district heating in residential areas. - Abstract: The paper presents the application of a mixed integer linear programming (MILP) methodology to optimize multi-biomass and natural gas supply chain strategic design for heat and power generation in urban areas. The focus is on spatial and temporal allocation of biomass supply, storage, processing, transport and energy conversion (heat and CHP) to match the heat demand of residential end users. The main aim lies on the assessment of the trade-offs between centralized district heating plants and local heat generation systems, and on the decoupling of the biomass processing and biofuel energy conversion steps. After a brief description of the methodology, which is presented in detail in Part I of the research, an application to a generic urban area is proposed. Moreover, the influence of energy demand typologies (urban areas energy density, heat consumption patterns, buildings energy efficiency levels, baseline energy costs and available infrastructures) and specific constraints of urban areas (transport logistics, air emission levels, space availability) on the selection of optimal bioenergy pathways for heat and power is assessed, by means of sensitivity analysis. On the basis of these results, broad considerations about the key factors influencing the use of bioenergy into urban energy systems are proposed. Potential further applications of this model are also described, together with main barriers for development of bioenergy routes for urban areas

  7. The relationship between energy consumption structure, economic structure and energy intensity in China

    Feng Taiwen; Sun Linyan; Zhang Ying

    2009-01-01

    This paper investigates the long-run equilibrium relationships, temporal dynamic relationships and causal relationships between energy consumption structure, economic structure and energy intensity in China. Time series variables over the periods from 1980 to 2006 are employed in empirical tests. Cointegration tests suggest that these three variables tend to move together in the long-run. In addition, Granger causality tests indicate that there is a unidirectional causality running from energy intensity to economic structure but not vice versa. Impulse response analysis provides reasonable evidences that one shock of the three variables will cause the periods of destabilized that followed. However, the impact of the energy consumption structure shock on energy intensity and the impact of the economic structure shock on energy consumption structure seem to be rather marginal. The findings have significant implications from the point of view of energy conservation and economic development. In order to decrease energy intensity, Chinese government must continue to reduce the proportion of coal in energy consumption, increase the utilization efficiency of coal and promote the upgrade of economic structure. Furthermore, a full analysis of factors that may relate to energy intensity (e.g. energy consumption structure, economic structure) should be conducted before making energy policies.

  8. Socio-economic barriers and success factors in the development of low energy consumption housing. A comparative study in three European countries

    Beillan, Veronique (EDF Recherche and Developpement, ICAME Dept. (France)); Cayre, Emmanuelle (EDF Recherche and Developpement, ENERBAT Dept. (France)); Goater, Aurelie (Alpheeis Energy and Environment Consulting, Valbonne (France)); Laborgne, Pia; Huber, Andreas (EIFERifer (Germany)); Trotignon, Regine (ADEME (France)); Rochard, Ulrich (Eboek, Tuebingen (Germany)); Pouget, Andre (POUGET Consultants, Paris (France)); Novakov, Dusan (Novasystem En+) (Switzerland))

    2009-07-01

    This study, conducted in 2007-2008, analyses the key factors for allowing the offer of low energy buildings to meet the demand of the households and making low energy consumption operations succeed. It applies a qualitative (on-site survey of several houses) as well as a European comparative approach. Three countries with different levels of development of energy efficient buildings have been chosen: Germany, Switzerland and France. In each country several new single houses with a high-energy performance level - compared to the current regulatory level - have been selected. Around forty interviews have been conducted with inhabitants of the single-family house sector where the final users are also the decision-makers, and with professionals involved in the building of these low energy houses. Main results show the role of meso actors like professionals, association and local communities and the importance of regulations and constructions standards to be taken into account in future policies. Beforehand, an historical analysis in the three countries has enabled us to identify the main facts occurring these thirty last years and their effect on the implementation of low energy buildings: major societal events like the oil crisis, the evolution of the legislation and the regulation, governments' incentives, RandD progress, voluntary initiatives of market players. To provide a reliable comparative analysis, a detailed study has also been conducted on the three energy efficient building labels existing in the selected countries. This analysis showed in which point a comparison based only on a first reading of the objectives of energy consumptions to be reached doesn't correspond to the reality of the aimed performances: although expressed in kWh/m2, the requirements do not recover the same domain and are not calculated with equivalent hypotheses. This study has been carried out in a framework of a partnership between energy providers, public and private energy

  9. Measurement of energy efficiency based on economic foundations

    Filippini, Massimo; Hunt, Lester C.

    2015-01-01

    Energy efficiency policy is seen as a very important activity by almost all policy makers. In practical energy policy analysis, the typical indicator used as a proxy for energy efficiency is energy intensity. However, this simple indicator is not necessarily an accurate measure given changes in energy intensity are a function of changes in several factors as well as ‘true’ energy efficiency; hence, it is difficult to make conclusions for energy policy based upon simple energy intensity measures. Related to this, some published academic papers over the last few years have attempted to use empirical methods to measure the efficient use of energy based on the economic theory of production. However, these studies do not generally provide a systematic discussion of the theoretical basis nor the possible parametric empirical approaches that are available for estimating the level of energy efficiency. The objective of this paper, therefore, is to sketch out and explain from an economic perspective the theoretical framework as well as the empirical methods for measuring the level of energy efficiency. Additionally, in the second part of the paper, some of the empirical studies that have attempted to measure energy efficiency using such an economics approach are summarized and discussed.

  10. On the economics of technology diffusion and energy efficiency

    Mulder, P.

    2003-01-01

    Energy is an essential factor that fuels economic growth and serves human well-being. World energy use has grown enormously since the middle of the 19th century. This increase in the scale of energy demand comes at a certain price, including environmental externalities, such as the enhanced greenhouse effect. Notwithstanding the need for renewable energy sources, these environmental problems also necessitate further improvements in energy efficiency. Technological change plays a crucial role in realizing energy efficiency improvements and, hence, in ameliorating the conflict between economic growth and environmental quality. At the same time, it is known that not only innovation, but also diffusion of new technologies is a costly and lengthy process, and that many firms do not invest in best-practice technologies. This study aims to contribute to a better understanding of the inter. play between economic growth, energy use and technological change, with much emphasis on the adoption and diffusion of energy-saving technologies. The thesis presents a mix of theoretical and empirical analyses inspired by recent developments in economic theorizing on technological change that stress the role of accumulation and distribution of knowledge (learning), uncertainty, path dependency and irreversibility. The theoretical part of the study examines how several characteristics of technological change as well as environmental policy affect the dynamics of technology choice. The empirical part of the study explores long-run trends in energy- and labour productivity performance across a range of OECD countries at a detailed sectoral level

  11. Nuclear energy: technical, economical and ecological data

    Anon.

    1975-04-01

    This information document aims to present all the different aspects of nuclear energy and the economic, industrial and ecological data from which the French nuclear energy programme was worked out, the techniques and the sites were chosen. Prepared with the collaboration of experts from the public services interested, this document attempts to cover all the questions raised and to provide answers (dependence with respect to oil versus the advantages of nuclear energy, environment and siting problems, consequences for public health and radiation protection, organization of nuclear industry [fr

  12. Economic Modeling of Compressed Air Energy Storage

    Rui Bo

    2013-04-01

    Full Text Available Due to the variable nature of wind resources, the increasing penetration level of wind power will have a significant impact on the operation and planning of the electric power system. Energy storage systems are considered an effective way to compensate for the variability of wind generation. This paper presents a detailed production cost simulation model to evaluate the economic value of compressed air energy storage (CAES in systems with large-scale wind power generation. The co-optimization of energy and ancillary services markets is implemented in order to analyze the impacts of CAES, not only on energy supply, but also on system operating reserves. Both hourly and 5-minute simulations are considered to capture the economic performance of CAES in the day-ahead (DA and real-time (RT markets. The generalized network flow formulation is used to model the characteristics of CAES in detail. The proposed model is applied on a modified IEEE 24-bus reliability test system. The numerical example shows that besides the economic benefits gained through energy arbitrage in the DA market, CAES can also generate significant profits by providing reserves, compensating for wind forecast errors and intra-hour fluctuation, and participating in the RT market.

  13. Economic analysis of wood energy valorization

    Fries, Juliana.

    1988-01-01

    Companies linked to the lumber activities began to concern about the valorization of their industrial residues: either by creating new products or by utilizing them for energy generation. At the same time, companies from other sectors began investing in reforestations dedicated to energy generation (mainly eucalyptus), induced by the possibility of obtaining tax incentives and by the need of assuring their own provisions of wood, thus minimizing this raw-material, as well as its sensibility to the variation of its price in the market. However almost nothing have been researched, either about the economical feasibility of energetic valorization of the lumber in the form of industrial residues or as wood supplied by reforestation dedicated to energy generation. This dissertation propose to examine those cases analysing the concerned costs and their economical feasibility. (author). 20 refs., 19 figs., 32 tabs

  14. Energy efficiency, sustainability and economic growth

    Ayres, Robert U.; Turton, Hal; Casten, Tom

    2007-01-01

    This paper explores two linked theses related to the role energy in economic development, and potential sources of increased energy efficiency for continued growth with reduced greenhouse gas (GHG) emissions. The first thesis is that, while reduced GHG emissions are essential for long-term global sustainability, the usual policy recommendation of increasing energy costs by introducing a carbon tax may be relatively ineffective under current market structures and have an unnecessarily adverse impact on economic growth. Our second thesis is that there exists a practical near-term strategy for reducing GHG emissions while simultaneously encouraging continued technology-driven economic growth. Moreover, this strategy does not require radical new technologies, but rather improved regulation or-more precisely-better deregulation of the electric power sector. In respect to the first of our two theses, this paper addresses a deficiency in neoclassical economic growth theory, in which growth is assumed to be automatic, inevitable and cost-free. We challenge both the assumption that growth will continue in the future at essentially the same rate ('the trend') as it has in the past, and the corollary that our children's children will inevitably be richer and better able to afford the cost of repairing the environmental damages caused by current generations [Simon et al., The state of humanity. Cambridge MA: Blackwell Publishers Ltd.; 1995

  15. Socio-Economic Factors Influencing Entrepreneurship Among ...

    Socio-Economic Factors Influencing Entrepreneurship Among Women In Fishing Communities In Ondo State, Nigeria. ... The study found that overall entrepreneurial rating of the study group is low, essential input can not be easily gotten in the area, the respondents has large household size thereby had a large dependents ...

  16. Energy-, environmental and economic evaluation of energy crops utilization

    1994-06-01

    This preliminary project is prepared in order to clarify the economic possibilities and rentability of energy crops. Examples of energy crop resource potential, environmental and economic consequences are calculated on the basis of existing data. Utilization of annual and perennial crops is evaluated with regard to the usual following of agricultural areas, and to the traditional power generation in a coal-fueled plant. Two technological options are discussed: one based on energy crop fuels supplementing the conventional coal fuel, and the other based on a separate biomass-fueled boiler, connected to the conventional coal-fueled unit. Implementation of the main project,following the preliminary one will permit to estimate the future prospects and strategies of energy crop utilization as a profitable energy resource. (EG)

  17. An evaluation of energy-environment-economic efficiency for EU, APEC and ASEAN countries: Design of a Target-Oriented DFM model with fixed factors in Data Envelopment Analysis

    Suzuki, Soushi; Nijkamp, Peter

    2016-01-01

    This paper aims to offer an advanced assessment methodology for sustainable national energy-environment-economic efficiency strategies, based on an extended Data Envelopment Analysis (DEA). The use of novel efficiency-improving approaches based on DEA originates from the so-called Distance Friction Minimisation (DFM) method. To design a feasible improvement strategy for low-efficiency DMUs, we develop here a Target-Oriented (TO) DFM model. However, in many real-world cases input factors may not be flexibly adjusted in the short run. In this study, we integrate the TO-DFM model with a fixed (inflexible) factor (FF) approach to cope with such more realistic circumstances. Super-efficiency DEA is next used in our comparative study on the efficiency assessment of energy-environment-economic targets for the EU, APEC and ASEAN (A&A) countries, employing appropriate data sets from the years 2003 to 2012. We consider two inputs (primary energy consumption and population) and two outputs (CO 2 and GDP), including a fixed input factor (viz. population). On the basis of our DEA analysis results, EU countries appear to exhibit generally a higher efficiency than A&A countries. The above-mentioned TO-DFM-FF projection model is able to address realistic circumstances and requirements in an operational sustainability strategy for efficiency improvement in inefficient countries in the A&A region. - Highlights: • We examine energy-environment-economic efficiency in European and A&A countries. • We present an operational efficiency improvement strategy using DEA. • European countries tend to have higher energy efficiency than A&A countries. • The study provides efficiency-enhancing strategic paths for inefficient countries.

  18. Sustainable energy-economic-environmental scenarios

    NONE

    2002-03-31

    IIASA's Environmentally Compatible Energy Strategies (ECS) Project has proposed a quantitative 'working definition' of sustainable development E3 (energy-economic-environmental) scenarios. ECS has proposed four criteria for sustainability: economic growth is sustained throughout the time horizon; socioeconomic inequity among world regions is reduced over the 21st century; reserves-to-production (R/P) ratio for exhaustible primary energy resources do not decline; and long-term environmental stress is mitigated. Using these criteria, 40 long-term E3 scenarios generated by ECS models were reviewed and analyzed. Amongst the conclusions drawn were: slow population growth or stabilization of global population appears to be prerequisite for sustainable development; economic growth alone does not guarantee a sustainable future; carbon intensities of total primary energy must decrease faster than the historical trend; strategies for fossil fuel consumption must aim at non-decreasing R/P ratios; and carbon emissions must be near or below today's levels at the end of this century. The analysis of sustainable development scenarios is an important step towards formulating long-term strategies aimed at climate stabilization. 6 figs., 1 tab.

  19. Energy scarcity and economic growth reconsidered

    Uri, N.D.

    1995-01-01

    The analysis in this paper is concerned with the effect of energy scarcity on economic growth in the United States. After defining the notion of scarcity and introducing two measures of scarcity, unit costs and relative energy price, changes in the trend in resource scarcity for natural gas, bituminous coal, anthracite coal, and crude oil over the most recent three decades are investigated. Each of the energy resources became significantly more scarce resources during the decade of the 1970s in the Malthusian Stock Scarcity and Malthusian Flow Scarcity sense. Unit costs exhibit a similar change for natural gas and crude oil but not for bituminous coal and anthracite coal. The situation reversed itself during the 1980s. Natural gas, bituminous coal, anthracite coal, and crude oil all became significantly less scarce resources during the decade of the 1980s than they had been during the 1970s. That is, the increase in scarcity as measured by relative energy prices observed during the decade of the 1970s was not reversed completely during the 1980s for natural gas and crude oil. Unit costs for natural gas and crude oil demonstrate analogous patterns and test results. Given that change has taken place, it has implications for future economic growth to the extent resource scarcity and economic growth are interrelated. (author)

  20. The economic growth enigma: Capital, labour and useful energy?

    Ayres, Robert; Voudouris, Vlasios

    2014-01-01

    We show that the application of flexible semi-parametric statistical techniques enables significant improvements in model fitting of macroeconomic models. As applied to the explanation of the past economic growth (since 1900) in US, UK and Japan, the new results demonstrate quite conclusively the non-linear relationships between capital, labour and useful energy with economic growth. They also indicate that output elasticities of capital, labour and useful energy are extremely variable over time. We suggest that these results confirm the economic intuition that growth since the industrial revolution has been driven largely by declining energy costs due to the discovery and exploitation of relatively inexpensive fossil fuel resources. Implications for the 21st century, which are also discussed briefly by exploring the implications of an ACEGES-based scenario of oil production, are as follows: (a) the provision of adequate and affordable quantities of useful energy as a pre-condition for economic growth and (b) the design of energy systems as ‘technology incubators’ for a prosperous 21st century. - Highlights: • Economic growth needs three factors of production. • We propose a semi-parametric generalised production function. • Exploitation of inexpensive fossil fuel resources has profound policy implications

  1. Solar energy's economic and social benefits

    Scheer, H.

    1995-01-01

    There are numerous indications that solar energy is far more than a mere stopgap measure to escape from the present environmental crisis. These include the natural as well as the developed, and still developing, technological potential of solar energy; the vast opportunities offered by abandoning destructive energy sources; and, not least, the new industrial perspectives arising from the conversion of our energy system. In addition to the environmental benefits, solar energy will bring about major economic and social gains. The creation of a solar energy system offers an unexpected and unique chance to release industrial society from the harmful consequences of the Industrial Revolution and to make available its positive accomplishments - particularly the social, democratic and cultural opportunities made possible by freeing mankind from slave labour - to all of mankind. Destruction of the environment is the greatest danger for industrialized societies pursuing economic growth, but it is not the only one. The Western high culture of welfare states is evidently a thing of the past. Created by the pressure of social movements that emerged in the Industrial Revolution, they stabilized capitalism by making it more responsive to the social needs in its strongholds. But both old and new contradictions, as well as the growth of welfare costs, lead to the conclusion that the future of the industrial system is increasingly seen only in terms of jettisoning its social obligations. Political democracy will then once more be in danger. Modern history is unable to provide an example of a stable democracy based on permanent mass misery

  2. The economics of producing energy crops

    Shapouri, H.; Duffield, J.

    1993-01-01

    The US agricultural sector has an immense supply of natural resources which can be used to product energy. Production of energy from these resources could stimulate economic growth, improve environmental quality, and enhance energy security. However, producing feedstocks and converting biomass to energy require large amounts of capital, equipment, labor, and processing facilities. This paper looks at the costs and benefits of producing energy crops for fuel conversion. A review of studies and crop data show that the cost of growing and converting various feedstocks with current technology is greater than the cost of producing conventional fuels. Conventional motor fuels have a price advantage over biofuels, but market prices don't always reflect the cost of negative externalities imposed on society. Government decisions to invest in alternative energy sources should be based on research that includes the environmental costs and benefits of energy production. The future of biofuels will depend on the continuation of government research and incentive programs. As new technologies advance, the costs of processing energy crops and residues will fall, making biofuels more competitive in energy markets

  3. Capital-energy complementarity in aggregate energy-economic analysis

    Hogan, W.W.

    1979-10-01

    The interplay between capital and energy will affect the outcome of energy-policy initiatives. A static model clarifies the interpretation of the conflicting empirical evidence on the nature of this interplay. This resolves an apparent conflict between engineering and economc interpretations and points to an additional ambiguity that can be resolved by distinguishing between policy issues at aggregated and disaggregated levels. Restrictions on aggregate energy use should induce reductions in the demand for capital and exacerbate the economic impacts of the energy policy. 32 references.

  4. Project management for economical nuclear energy

    Majerle, P.P.

    2005-01-01

    The price of electricity is significantly influenced by the cost of the initial generation asset. The cost of the initial nuclear generation asset is significantly influenced by the design and construction duration. Negative variations in the cost and duration of actual design and construction have historically impacted the early relative economics of nuclear power generation. Successful management of plant design information will mitigate the risks of the design and construction of future nuclear plants. Information management tools that can model the integrated delivery of large complex projects enable the project owners to accurately evaluate project progress, as well as the economic impact of regulatory, political, or market activities not anticipated in the project execution plan. Significant differences exist in the electrical energy markets, project delivery models, and fuel availability between continents and countries. However, each market and project delivery model is challenged by the need to produce economical electrical energy. The information management system presented in this paper provides a means to capture in a single integrated computerized database the design information developed during plant design, procurement, and construction and to allow this information to be updated and retrieved in real time by all project participants. Utilization of the information management system described herein will enable diverse project teams to rapidly and reliably input, share, and retrieve power plant information, thereby supporting project management's goal to make good on its commitment to the economic promise of tomorrow's nuclear electrical power generation by achieving cost-effective construction. (authors)

  5. Energy and economic development (environmental implications)

    Zorzoli, G.B.

    1992-01-01

    An examination, for developed countries, of significant correlations among economic growth, electric energy intensity and elasticity, per capita values of gross national product and greenhouse gas emissions, indicates notable possibilities for a healthier global environment with increased world-wide diffusion of clean and rational energy use technologies coupled with substantial economic growth. This scenario, however, is contrasted by worrisome doubts as to the chances for a successful outcome of recently proposed tenable growth policies when it is pointed out that forecasts, based on current demographic trends, call for a doubling of the world population in the near future. The foreseen unrestrained population explosion, leading to an unprecedented proliferation in the use of fossil fuels, now appears to represent the most serious threat to the global environment

  6. Energy Economics: A Place for Energy Poverty in the Agenda?

    NONE

    2006-07-01

    The global energy system faces three major strategic challenges in the coming decades: the growing risk of disruptions to energy supply; the threat of environmental damage caused by energy production and use; and persistent energy poverty. The first two challenges have attracted a lot of attention from the energy-economics community, much less so the need to address the problem of energy under-development. On current trends, the number of people in poor countries relying primarily on traditional biomass for their energy needs will continue to rise, while the number lacking access to electricity will barely fall. To change this course, decisive policy action is needed urgently as part of the broader process of human development. Meeting basic human needs, such as food and shelter, must be at the heart of any strategy to alleviate poverty.

  7. Influence of economic factors on future global emissions

    Duffey, R.B.; Poehnell, T.G.; Miller, A.I.; Tamm, J.A.

    2001-01-01

    The climate change debate is really about economics, and reducing greenhouse gas (GHG) emissions and climate change potential at a reasonable and acceptable cost for everyone. In this paper, we examine the major economic factors behind defining climate change policies that relate to reducing GHG emissions, and the value to be placed on CO 2 . We examine the impacts and the 'cost of carbon' based on the studies of GHG reduction strategies in the US and the European Union (EU). We show that a series of self-defeating assumptions have been used in the latest analyses regarding relative future energy and power costs, and hence future GHG emissions. We estimate: the 'natural value' of GHG emissions based on world economic factors, the value of electricity and energy based on world data, the cost advantage of using a given new technology, and the value of avoided GHG emissions in future global and national climate change projections. The use of electricity is shown to be key in aiding economic growth for the entire world. Using the latest Intergovernmental Panel on Climate Change (IPCC) 2000 climate change projections as a base, we reflect the impacts of differing energy prices on future global climate conditions and GHG reductions. We conduct a similar analysis for Canada using the latest 'Energy in Canada 2000' projections. We show how the use of advanced technology for the traditional production of electricity, and for hydrogen-based transportation fuels, can stabilize global emissions and assist in managing adverse climate change conditions without causing economic penalties. The method we develop is sufficiently general that it can be used for valuing the economic impact of the emission reductions for any technology. We estimate the embedded value and potential economic benefit of nuclear technology and electric contribution for both the world economy to 2100, and for the latest projections for Canada to 2020. (author)

  8. The economic impacts of energy efficiency

    Jean, R.

    1990-01-01

    Energy efficiency programs add to the costs incurred by electricity users in the short term and generate significant economic benefits in the medium and long term. Using the example of programs in development at Hydro-Quebec, it is shown that the net economic benefits surpass, in present value terms, the sums invested by the electric utility and the customer, corresponding to yields of over 100%. This benefit is the principal impact of energy conservation programs which also provide employment, for every dollar invested, of the same order as that provided by hydroelectric production (i.e. costs associated with construction of generating plants, transmission lines, and distribution facilities). This evaluation takes account of the structure of purchases of goods and services brought about by energy efficiency programs and their large import component. This result may be surprising since the hydroelectric industry is strongly integrated into the Quebec economy, but it is understandable when one takes into account the importance of distribution costs to small-scale users, which causes significant local activity even when imported products are involved, and the very intensive labor requirement for certain energy efficiency measures. In addition, the employment generated by energy efficiency investments is very diversified in terms of the range of skills used and its geographic dispersion. 2 figs., 4 tabs

  9. Economic effect of fusion in energy market. Economic impact of fusion deployment in energy market

    Konishi, Satoshi

    2002-01-01

    Energy model analysis estimates the significant contribution of fusion in the latter half of the century under the global environment constraints if it will be successfully developed and introduced into the market. The total possible economical impact of fusion is investigated from the aspect of energy cost savings, sales, and its effects on Gross Domestic Products. Considerable economical possibility will be found in the markets for fusion related devices, of currently developing countries, and for synthesized fuel. The value of fusion development could be evaluated from these possible economic impact in comparison with its necessary investment. (author)

  10. Why Energy is AN Economic Planetary Emergency

    Difiglio, Carmine

    2014-07-01

    This paper analyzes why high and volatile oil prices cause reduced world-wide economic growth. Disruptions in the petroleum market, due to unexpected economic growth or reduced petroleum supplies, have been shown to cause sharp increases in petroleum prices as a result of the inflexibilities of petroleum supply and demand. An examination of over 40 years of data reveals that oil price shocks are invariably followed by 2-3 years of weak economic growth and weak economic growth is almost always preceded by an oil price shock. While the statistical literature provides evidence that economies have become less vulnerable to a given oil price increase than they were during the 1970s, it also shows that the elasticity of demand for oil has significantly decreased. The increased resiliency of economies to higher oil prices has been partially or fully offset by the increased sensitivity of oil prices to any oil market perturbation. This paper also reviews the current state of oil-supply security noting that previous episodes of supply instability appear to have become chronic conditions. While new unconventional oil production technologies have revitalized North American oil production, it is concluded that these technologies will have only a modest effect on world-wide oil production. The marginal cost of oil production, whether from tight-oil plays, or other unconventional sources, is expected to increase contributing to rising longterm oil prices in an international oil market that will remain vulnerable to disruptions and sharp price increases. Recurring episodes of poor world-wide economic growth are shown to affect hundreds of millions of people though unemployment in the modern economy and, in developing countries, though slower emigration out of agricultural-sector poverty. It is also noted that world-wide greenhouse gas emissions require strong national policies. Clean-energy policies are more likely to be pursued by countries enjoying strong economic growth than

  11. Geopolitical and Economic Aspects of Nuclear Energy

    Stanislaw Z. Zhiznin

    2015-01-01

    Full Text Available Nuclear power in its present form was created during the Cold War and is its heritage. The main objective of nuclear energy at that time, along with energy, was the creation and accumulation of nuclear materials. To this aim a existing nuclear power plants based on uranium-plutonium cycle. Everything else - the processing of radioactive waste and spent nuclear fuel, storage, recycling themselves nuclear power plant after its end of life, the risks of proliferation of nuclear materials and other environmental issues - minor. It was also believed that the nuclear power plant - the most reliable and safe plant. During the last twenty years all over the world the number of new orders for nuclear aggregates has decreased. That happens for a number of reasons, including public resistance, that the construction of new NPP and the excess of energy utilities in many markets, which is mainly connected with high market competition in energy markets and low economic indicators of the current nuclear utilities. The technology that consists of low capital costs, a possibility for quick construction and guarantied exploitation quality is on the winners side, but currently this technology is absent. However, despite abovementioned downsides, as the experience of state corporation "Rosatom"has shown, many developing countries of the South-east Asia, The middle East, African regions express high interest in the development of nuclear energy in their countries. The decision whether to develop nuclear energy or to continue to develop is, in the end, up to the choice of the tasks that a country faces. The article describes these "minor" issues, as well as geopolitical and economic problems of the further development of nuclear energy.

  12. Solar energy system economic evaluation: Contemporary Newman, Georgia

    1980-01-01

    An economic evaluation of performance of the solar energy system (based on life cycle costs versus energy savings) for five cities considered to be representative of a broad range of environmental and economic conditions in the United States is discussed. The considered life cycle costs are: hardware, installation, maintenance, and operating costs for the solar unique components of the total system. The total system takes into consideration long term average environmental conditions, loads, fuel costs, and other economic factors applicable in each of five cities. Selection criteria are based on availability of long term weather data, heating degree days, cold water supply temperature, solar insolation, utility rates, market potential, and type of solar system.

  13. Economics of international energy security policy

    Paik, I.K.

    1992-01-01

    Because there is no inexpensive substitute for crude oil and petroleum products at the present time, an oil supply disruption inevitably leads to higher oil prices and economic losses. Wealth transfer to oil producing nations, reduced output increased unemployment and inflation. For these reasons, major oil-consuming countries currently have in place various oil emergency response measures to protect themselves from adverse economic consequences of oil supply disruptions: stockpiling emergency oil reserves to augment supplies, if necessary, in an emergency; and lowering oil demand through non-price mechanisms. The main purpose of this paper is to show that while, supply enhancement and demand reduction could have the same effect on oil prices in the event of an oil supply shortfall, they may have significantly different effects on the economies. Section I discusses the principal oil emergency response measures of the members of the International Energy Agency (IEA) -- emergency oil stockpiles and demand restraint -- and their policies for implementing the measures. Section II describes the analytical method used to perform comparative economic analysis of releasing emergency stocks and restraining demand in an oil emergency. Section III presents quantitative results of the analysis, and Section IV, conclusions of the analytical results and their energy security policy implications

  14. Economic competitiveness of seawater desalinated by nuclear and fossil energy

    Tian Li; Wang Yongqing; Guo Jilin; Liu Wei

    2001-01-01

    The levelized discounted production water cost method and the new desalination economic evaluation program (DEEP1.1) were used to compare the economics of desalination using nuclear or fossil energy. The results indicate that nuclear desalination is more economic than fossil desalination with reverse osmosis (RO), multi-effect distillation (MED) and multi-stage flash (MSF). The desalination water cost varies depending on the desalination technology and the water plant size from 0.52-1.98 USD·m -3 with the lowest water price by RO and the highest by MSF. The sensitivity factors for the economic competitiveness increases in order of the discounted rate, desalination plant scale, fossil fuel price, specific power plant investment, seawater temperature and total dissolve solid (TDS). The highest water cost is about 22.6% more than the base case

  15. The peculiar economics of federal energy management

    Canes, Michael E.

    2016-01-01

    US federal agency energy managers face different constraints than do comparable private sector managers. They are faced with energy consumption goals mandated via legislation or directed via Presidential Executive Order that encourage if not compel them to invest more in energy efficiency or renewables than would be cost effective from a private sector perspective. To make such investments, they also are provided access to private capital that is additional to their agency budgets. The encouragement to invest beyond what is cost effective may be a source of waste in some instances, and the financing mechanisms appear more expensive than necessary. A rough estimate of the magnitude of the waste is offered, as well as a mechanism to reduce the costs of agency access to capital. - Highlights: •Legislative and regulatory initiatives that constrain federal agency energy investments. •Economic calculus facing a federal agency energy manager. •Magnitude of federal energy investments and of possible waste. •Financing mechanisms and how their costs might be reduced.

  16. How energy conversion drives economic growth far from the equilibrium of neoclassical economics

    Kümmel, Reiner; Lindenberger, Dietmar

    2014-01-01

    Energy conversion in the machines and information processors of the capital stock drives the growth of modern economies. This is exemplified for Germany, Japan, and the USA during the second half of the 20th century: econometric analyses reveal that the output elasticity, i.e. the economic weight, of energy is much larger than energy's share in total factor cost, while for labor just the opposite is true. This is at variance with mainstream economic theory according to which an economy should operate in the neoclassical equilibrium, where output elasticities equal factor cost shares. The standard derivation of the neoclassical equilibrium from the maximization of profit or of time-integrated utility disregards technological constraints. We show that the inclusion of these constraints in our nonlinear-optimization calculus results in equilibrium conditions, where generalized shadow prices destroy the equality of output elasticities and cost shares. Consequently, at the prices of capital, labor, and energy we have known so far, industrial economies have evolved far from the neoclassical equilibrium. This is illustrated by the example of the German industrial sector evolving on the mountain of factor costs before and during the first and the second oil price explosion. It indicates the influence of the ‘virtually binding’ technological constraints on entrepreneurial decisions, and the existence of ‘soft constraints’ as well. Implications for employment and future economic growth are discussed. (paper)

  17. How energy conversion drives economic growth far from the equilibrium of neoclassical economics

    Kümmel, Reiner; Lindenberger, Dietmar

    2014-12-01

    Energy conversion in the machines and information processors of the capital stock drives the growth of modern economies. This is exemplified for Germany, Japan, and the USA during the second half of the 20th century: econometric analyses reveal that the output elasticity, i.e. the economic weight, of energy is much larger than energy's share in total factor cost, while for labor just the opposite is true. This is at variance with mainstream economic theory according to which an economy should operate in the neoclassical equilibrium, where output elasticities equal factor cost shares. The standard derivation of the neoclassical equilibrium from the maximization of profit or of time-integrated utility disregards technological constraints. We show that the inclusion of these constraints in our nonlinear-optimization calculus results in equilibrium conditions, where generalized shadow prices destroy the equality of output elasticities and cost shares. Consequently, at the prices of capital, labor, and energy we have known so far, industrial economies have evolved far from the neoclassical equilibrium. This is illustrated by the example of the German industrial sector evolving on the mountain of factor costs before and during the first and the second oil price explosion. It indicates the influence of the ‘virtually binding’ technological constraints on entrepreneurial decisions, and the existence of ‘soft constraints’ as well. Implications for employment and future economic growth are discussed.

  18. City and Energy Infrastructures between Economic Processes and Urban Planning

    Giuseppe Mazzeo

    2013-11-01

    Full Text Available The paper deals with the issues related to the relationship between city, energy, economic factors and city planning. These issues are analyzed from a theoretical point of view and are placed in a logical path based on three assumptions. The first considers the city as an intelligent system constantly evolving. The second considers the city as a system where economic processes come out at their highest level affecting other aspects of social and urban structure. The third considers the planning as the weak link in the process of urban development, one of the most exposed to economic and social pressures.Energy production has experienced a great progress since steam and electricity were discovered. Each stage of this evolution has affected city and territory introducing significant physical signs, changing the ways of carrying out functions and creating new needs and new activities. The energy revolution, based on sustainable sources and on skillful management of the networks, will strongly affect the city and the way of organizing the activities, their location, dimension, and the shape of the spaces.The paper explores some of the issues related to the relationship between urban system and energy.The first section analyzes the meaning of the intelligent city as an entity that is constantly changing and constantly adapting. The second section analyzes the role of the energy systems in the evolution of the activities and of the city’s image. The last section investigates the role of the economic factors in the evolution of the shape and meaning of city, pointing out that the way towards smart and green urban systems will largely depend on their economic advantage. 

  19. Uncertainty analysis of geothermal energy economics

    Sener, Adil Caner

    This dissertation research endeavors to explore geothermal energy economics by assessing and quantifying the uncertainties associated with the nature of geothermal energy and energy investments overall. The study introduces a stochastic geothermal cost model and a valuation approach for different geothermal power plant development scenarios. The Monte Carlo simulation technique is employed to obtain probability distributions of geothermal energy development costs and project net present values. In the study a stochastic cost model with incorporated dependence structure is defined and compared with the model where random variables are modeled as independent inputs. One of the goals of the study is to attempt to shed light on the long-standing modeling problem of dependence modeling between random input variables. The dependence between random input variables will be modeled by employing the method of copulas. The study focuses on four main types of geothermal power generation technologies and introduces a stochastic levelized cost model for each technology. Moreover, we also compare the levelized costs of natural gas combined cycle and coal-fired power plants with geothermal power plants. The input data used in the model relies on the cost data recently reported by government agencies and non-profit organizations, such as the Department of Energy, National Laboratories, California Energy Commission and Geothermal Energy Association. The second part of the study introduces the stochastic discounted cash flow valuation model for the geothermal technologies analyzed in the first phase. In this phase of the study, the Integrated Planning Model (IPM) software was used to forecast the revenue streams of geothermal assets under different price and regulation scenarios. These results are then combined to create a stochastic revenue forecast of the power plants. The uncertainties in gas prices and environmental regulations will be modeled and their potential impacts will be

  20. Three empirical essays in energy economics

    Pless, Jacquelyn Ryan

    This dissertation explores society's relationship with energy systems. Focusing on two areas of energy economics---electricity reliability and clean energy technology adoption---my objective is to provide insights on energy markets that can contribute towards informing energy policy and improving quality of life. In the first chapter, I examine how firm-level corruption on the demand side of the electricity sector impacts electricity reliability in developing countries. Showing that bribes for electricity connections are closely related to power outages experienced by firms, this chapter demonstrates how consumer-level corrupt behavior negatively impacts electricity service provision. In the second chapter, I study homeowners' stated information searching about solar photovoltaic (PV) adoption in California's residential market. Exploring differences between the types of information sought by consumers adopting solar through third-party ownership (TPO) relative to consumers who purchase solar systems outright (host-ownership (HO)), this chapter sheds light on differences between business model consumer preferences in the residential solar PV market. Lastly, in the third chapter I estimate solar subsidy pass-through to the prices faced by consumers in California's residential solar PV market and ask whether incidence differs for TPO consumers where subsidies are directed to the third party owner of the system (or the "seller") and HO consumers where subsidies go directly to the consumer (or the "buyer"). I find that TPO consumers capture more than 100 percent of every dollar of solar subsidy while HO consumers capture less than 100 percent of every dollar. This is surprising because standard economic theory predicts that the relative benefit of a subsidy does not depend on to whom it is directed.

  1. Solar energy`s economic and social benefits

    Scheer, H. [Bundeshaus, Bonn (Germany)

    1995-08-01

    There are numerous indications that solar energy is far more than a mere stopgap measure to escape from the present environmental crisis. These include the natural as well as the developed, and still developing, technological potential of solar energy; the vast opportunities offered by abandoning destructive energy sources; and, not least, the new industrial perspectives arising from the conversion of our energy system. In addition to the environmental benefits, solar energy will bring about major economic and social gains. The creation of a solar energy system offers an unexpected and unique chance to release industrial society from the harmful consequences of the Industrial Revolution and to make available its positive accomplishments - particularly the social, democratic and cultural opportunities made possible by freeing mankind from slave labour - to all of mankind. Destruction of the environment is the greatest danger for industrialized societies pursuing economic growth, but it is not the only one. The Western high culture of welfare states is evidently a thing of the past. Created by the pressure of social movements that emerged in the Industrial Revolution, they stabilized capitalism by making it more responsive to the social needs in its strongholds. But both old and new contradictions, as well as the growth of welfare costs, lead to the conclusion that the future of the industrial system is increasingly seen only in terms of jettisoning its social obligations. Political democracy will then once more be in danger. Modern history is unable to provide an example of a stable democracy based on permanent mass misery

  2. Nuclear energy and economic competitiveness in several normative systems

    Thomas, S.

    2009-01-01

    The serious challenge imposed by the necessity of reducing the gases emission of greenhouse effect in the electric generation sector, it has renovated the interest in the new plants construction of nuclear energy. Nevertheless, since the use of the nuclear energy began to descend ago more of 25 years, it is has speculated continually about the possible nuclear rebirth. Are such predictions based in solid basis or are mere groundless prognostics? The objective of the present document is to analyze the economic aspects of the nuclear energy, to identify the key factors that they allow to determine its competitiveness and to sound the possible markets for the new plants of nuclear energy. To achieve this, it is divided in the following sections: Revision of the current state of the nuclear energy, including the location, the type and capacity of the plants; Identification of the variables that determine the economic situation of the nuclear energy; Revision of the recent predictions and of the economic aspects of the Olkiluoto nuclear power plant of Finland; A revision by market of the possible future of the new nuclear facilities in the coming decade. (Author)

  3. Understanding energy consumption: Beyond technology and economics

    Wilhite, H.; Shove, E.

    1998-07-01

    This paper summarizes two years of efforts among a cross-disciplinary group of senior researchers to bring social and cultural perspectives to modeling of household energy consumption. The work has been organized by the Center for Energy Studies of the University of Geneva. The researchers represent both the physical and social sciences, several institutions and a number of countries. The initiative was based on an acknowledgement of the failure of technical and economic models to explain consumption or more importantly, how consumption patterns change. Technical and economic models most often either ignore social and cultural issues or reduce them to parameters of other variables. An important objective for the Geneva Group has been to engage modelers and social scientists in a dialogue which brings social and cultural context to the fore. The process reveals interesting insights into the frictions of cross-disciplinary interaction and the emergence of new perspectives. Various classical modeling approaches have been discussed and rejected. Gradually, a framework has emerged which says something about the appropriate institutions and actors which contribute to consumption patterns; about how they are related; and finally about how the interinstitutional relationships and the consumption patterns themselves change. A key point of convergence is that a complete understanding of energy end-use will not be possible from an analysis directed at the point of end use alone. The analysis must incorporate what happens inside institutions like manufacturers, retailers, and public policy organizations as well as how those organizations interact with consumers, including media and advertising. Progress towards a better understanding of energy consumption requires a greater engagement of social scientists with these heretofore little explored actors an relationships.

  4. The Energy Economics of Financial Structuring for Renewable Energy Projects

    Rana, Vishwajeet

    2011-12-01

    This dissertation focuses on the various financial structuring options for the renewable energy sector. The projects in this sector are capital-intensive to build but have relatively low operating costs in the long run when compared to traditional energy resources. The large initial capital requirements tend to discourage investors. To encourage renewable investments the government needs to provide financial incentives. Since these projects ultimately generate returns, the government's monetary incentives go to the sponsors and tax equity investors who build and operate such projects and invest capital in them. These incentives are usually in the form of ITCs, PTCs and accelerated depreciation benefits. Also, in some parts of the world, carbon credits are another form of incentive for the sponsors and equity investors to invest in such turnkey projects. The relative importance of these various considerations, however, differs from sponsor to sponsor, investor to investor and from project to project. This study focuses mainly on the US market, the federal tax benefits and incentives provided by the government. This study focuses on the energy economics that are used for project decision-making and parties involved in the transaction as: Project Developer/Sponsor, Tax equity investor, Debt investor, Energy buyer and Tax regulator. The study fulfils the knowledge gap in the decision making process that takes advantage of tax monetization in traditional after-tax analysis for renewable energy projects if the sponsors do not have the tax capacity to realize the total benefits of the project. A case-study for a wind farm, using newly emerging financial structures, validates the hypothesis that these renewable energy sources can meet energy industry economic criteria. The case study also helps to validate the following hypotheses: a) The greater a sponsor's tax appetite, the tower the sponsor's equity dilution. b) The use of leverage increases the cost of equity financing

  5. Essays on economic development, energy demand, and the environment

    Medlock, Kenneth Barry, III

    2000-10-01

    The rapid expansion of industry at the outset of economic development and the subsequent growth of the transportation and residential and commercial sectors dictate both the rate at which energy demand increases and the composition of primary fuel sources used to meet secondary requirements. Each of these factors each has an impact on the pollution problems that nations may face. Growth in consumer wealth, however, appears to eventually lead to a shift in priorities. In particular, the importance of the environment begins to take precedent over the acquisition of goods. Accordingly, cleaner energy alternatives are sought out. The approach taken here is to determine the energy profile of an average nation, and apply those results to a model of economic growth. Dematerialization of production and saturation of consumer bundles results in declining rates of growth of energy demand in broadly defined end-use sectors. The effects of technological change in fossil fuel efficiency, fossil fuel recovery, and 'backstop' energy resources on economic growth and the emissions of carbon dioxide are then analyzed. A central planner is assumed to optimize the consumption of goods and services subject to capital and resource constraints. Slight perturbations in the parameters are used to determine their local elasticities with respect to different endogenous variables, and give an indication of the effects of changes in the various assumptions.

  6. Factor Economic Analysis at Forestry Enterprises

    M.Yu. Chik

    2018-03-01

    Full Text Available The article studies the importance of economic analysis according to the results of research of scientific works of domestic and foreign scientists. The calculation of the influence of factors on the change in the cost of harvesting timber products by cost items has been performed. The results of the calculation of the influence of factors on the change of costs on 1 UAH are determined using the full cost of sold products. The variable and fixed costs and their distribution are allocated that influences the calculation of the impact of factors on cost changes on 1 UAH of sold products. The paper singles out the general results of calculating the influence of factors on cost changes on 1 UAH of sold products. According to the results of the analysis, the list of reserves for reducing the cost of production at forest enterprises was proposed. The main sources of reserves for reducing the prime cost of forest products at forest enterprises are investigated based on the conducted factor analysis.

  7. U. S. Energy and Economic Growth, 1975--2010

    Allen, E. L.; Cooper, C. L.; Edmonds, F. C.; Edmonds, J. A.; Reister, D. B.; Weinberg, A. M.; Whittle, C. E.; Zelby, L. W.

    1976-09-01

    This study projects economic growth (GNP) and energy demand for the U.S. to the year 2010. The main finding is that both GNP and total energy demand are likely to grow significantly more slowly than has been assumed in most analyses of energy policy. Projections of energy, GNP, and electricity (total and per capita) are summarized, with electricity demand expected to grow more rapidly than total energy demand. Two scenarios designated ''high'' and ''low'' were developed in this study. However, even the ''high'' scenario, 126 quads (q; 1 q equals 10/sup 15/ Btu) in 2000, is much lower than most previous estimates. It is felt that this raises serious questions about fundamental energy and energy R and D policies which, generally, have been based on perceptions of more lavish energy futures. Although the aggregate demands and GNP are projected to increase rather modestly, the energy demands per capita and GNP per capita increase at rates comparable to or even higher than historic rates. The authors believe that the projections developed in this study represent a logical culmination of many trends toward lower growth. These trends have not yet been factored into the older energy projections upon which so much energy policy is based.

  8. Handbook of natural resource and energy economics. Volume III

    Kneese, A.V.; Sweeney, J.L.

    1993-01-01

    The last of a three-volume series of handbooks focuses on the economics of energy, minerals and exhaustible resources, and the forecasting issues. The relationship between energy, the environment and economic growth is also examined. Chapter headings are: economic theory of depletable resources; the optimal use of exhaustible resources; intertemporal consistency issues in depletable resources; buying energy and non-fuel minerals; mineral resource stocks and information; strategies for modelling exhaustible resource supply; natural resources in an age of substitutability; natural resource cartels; the economics of energy security; natural resource use and the environment; and energy, the environment and economic growth

  9. Economic analysis of potential uses of geothermal energy in agriculture

    Cone, B.W.

    1978-02-01

    The economic feasibility and water quality considerations of the cultural practice of soil warming was evaluated using existing technical, agronomic, and economic data. It was hypothesized that it is technically and economically feasible to use geothermal energy in the cultural practice of soil warming for specific crops. The analysis attempted to reject the hypothesis. Since the hypothesis could not be rejected, the results are presented as a profit equation suitable for inclusion in the GEOCOST computer program. This determination of economic feasibility utilized heterogeneous crop yield data by comparing the elasticity of response with a normalized product-factor price ratio. Soil warming was determined to be feasible when the elasticity of production was equal to or greater than the normalized product-factor price ratio. A farm enterprise was determined profitable if net returns were positive. An empirical model in which the energy dissipation rate is a function of the difference between heat source temperature and mean monthly air temperature was transformed to utilize data describing the total heat applied during the growing season. Heat input was then measured as the total number of calories per square centimeter applied during the growing season.

  10. What's so local about global climate change? Testing social theories of environmental degradation to quantify the demographic, economic, and governmental factors associated with energy consumption and carbon dioxide emissions in U.S. metropolitan areas and counties

    Tribbia, John Luke

    . The STIRPAT method is used to test four social theories of environmental degradation -- the treadmill of production, ecological modernization, urban ecological transitions, and human ecology theories -- by quantifying variables associated with energy use and CO2 emissions drawn from each theory. The specific findings demonstrate that various demographic, economic, and governmental factors are related strongly to metropolitan area energy consumption and county-level CO2 emissions. The human ecology, treadmill of production, and urban ecological transitions theories are important to explaining how and why climate-related impacts differ for a wide variety of local areas in the United States. Related to human ecology and treadmill of production theory, environmental degradation is highest in metropolitan areas and counties with large populations and large economies that have various mechanisms in place to facilitate economic growth. By contrast, some U.S. counties are beginning to remedy their impact on the environment by applying economic and governmental resources toward the mitigation of CO2 emissions, which provides evidence of support for urban ecological transitions theory. However, because climate change is a complex cross-scale global environmental problem and the results in this dissertation confirm that this problem is locally driven by similar population and economic factors also affecting the climate at larger spatial scales, mitigation efforts to reduce energy use and emissions at the local level will be fruitless without a well-coordinated, cross-scale (local to global) ideological shift that puts less priority on economic goals and more on environmental sustainability. These results, and the methodological and theoretical framework applied in this dissertation, thus provide a useful platform for the successful application of future research that specifically addresses mitigation strategies to reduce local-level environmental impacts. This dissertation

  11. The causality between energy consumption and economic growth in Turkey

    Erdal, Guelistan; Erdal, Hilmi; Esenguen, Kemal

    2008-01-01

    This paper applies the causality test to examine the causal relationship between primary energy consumption (EC) and real Gross National Product (GNP) for Turkey during 1970-2006. We employ unit root tests, the augmented Dickey-Fuller (ADF) and the Philips-Perron (PP), Johansen cointegration test, and Pair-wise Granger causality test to examine relation between EC and GNP. Our empirical results indicate that the two series are found to be non-stationary. However, first differences of these series lead to stationarity. Further, the results indicate that EC and GNP are cointegrated and there is bidirectional causality running from EC to GNP and vice versa. This means that an increase in EC directly affects economic growth and that economic growth also stimulates further EC. This bidirectional causality relationship between EC and GNP determined for Turkey at 1970-2006 period is in accordance with the ones in literature reported for similar countries. Consequently, we conclude that energy is a limiting factor to economic growth in Turkey and, hence, shocks to energy supply will have a negative impact on economic growth

  12. Solar energy system economic evaluation for Wormser Columbia, South Carolina

    1980-01-01

    The Solar Energy System is not economically beneficial under the assumed economic conditions at the sites considered. Economic benefits from this system depend on decreasing the initial investment and the continued increase in the cost of conventional energy. Decreasing the cost depends on favorable tax treatment and continuing development of solar energy technology. Fuel cost would have to increase drastically while the cost of the system would have to remain constant or decrease for the system to become economically feasible.

  13. The economic impacts of energy efficiency

    Jean, R.

    1990-01-01

    Hydro Quebec's energy efficiency initiatives are reviewed and the economic benefits it expects to garner from such programs are described. Energy efficiency programs affect the cost of supplying electricity, and rates usually rise during the early years and are subsequently offset by the benefits the program generates. Energy efficiency programs should allow Hydro Quebec to avoid $6 billion in expenditures for electricity supply, while entailing contributions of $1.4 billion for the efficiency measures. Evaluation of the potential for efficiency has allowed Hydro Quebec to set a target of 12.9 TWh/y in 1999 on a potential estimated at 18% of regular sales in Quebec in 1989, namely 23.3 TWh. Customers, who contribute $1.4 billion of their own funds to efficiency programs will realize savings of $3.2 billion. Hydro Quebec programs insist strongly on replacement of appliances and motors of all sorts, and in the residential sector, purchases of slightly less than $0.5 billion will consist of electric lamps (3%), water heaters (2.4%), insulation products (32%), hardware (2.5%), and various electric appliances (33%). In the commercial sector, expenditures will be higher, reaching ca $650 million. These are allocated to purchases of electric lamps (18%), heating equipment (12%), insulation products (24%), street lighting (4%), and various electric devices such as controls (39%). 2 figs., 4 tabs

  14. Renewable Energy for Rural Economic Development

    Hartman, Cathy L. [Utah State Univ., Logan, UT (United States); Stafford, Edwin R. [Utah State Univ., Logan, UT (United States)

    2013-09-30

    When Renewable Energy for Rural Economic Development (RERED) began in 2005, Utah had no commercial wind power projects in operation. Today, the state hosts two commercial wind power plants, the Spanish Fork Wind Project and the Milford Wind Corridor Project, totaling 324 megawatts (MW) of wind capacity. Another project in San Juan County is expected to break ground very soon, and two others, also in San Juan County, are in the approval process. RERED has played a direct role in advancing wind power (and other renewable energy and clean technology innovations) in Utah through its education outreach and research/publication initiatives. RERED has also witnessed and studied some of the persistent barriers facing wind power development in communities across Utah and the West, and its research expanded to examine the diffusion of other energy efficiency and clean technology innovations. RERED leaves a legacy of publications, government reports, and documentary films and educational videos (archived at www.cleantech.usu.edu) to provide important insights for entrepreneurs, policymakers, students, and citizens about the road ahead for transitioning society onto a cleaner, more sustainable future.

  15. Economic growth factors system: theoretical and methodological aspect

    H.Ya. Hlukha

    2014-01-01

    The aim of the article. The main objective of the article is to create theoretical grounds to build the system of economic growth factors, to modernize their classification, to define exogenous and endogenous factors, to analyze them within the state economic policy structure. The results of the analysis. The article focuses on economic growth factors theoretical studies: - economic growth factors classification characteristics have been highlighted; - various approaches to determine...

  16. Three essays in energy and environmental economics

    Redlinger, Michael

    This thesis exploits the boom in U.S. oil and gas production to explore several empirical questions in environmental and energy economics. In the first essay, statistical techniques are employed to evaluate learning-by-doing in the Bakken Shale Play. Furthermore, the essay demonstrates organizational forgetting and knowledge spillovers among firms. The results show rates of learning in an important sector the U.S. economy and may have broader lessons for productivity gains and losses. The second essay investigates interfirm learning economies in oil well drilling in terms of productivity improvements and increases in environmental safety. The empirical results improve our understanding of how interfirm relationships influence productivity as well as the drivers of environmental incidents. Lastly, the third essay analyzes the impacts of stricter environmental regulations on oil production and well drilling in North Dakota. The results have particular relevance for policymakers seeking to understand the trade-offs between resource development and environmental quality. These three essays ultimately expand our knowledge of how learning economies occur and the effects of environmental regulations on economic activity.

  17. Economics of Renewable Energy for Water Desalination in Developing Countries

    Enas R. Shouman

    2015-12-01

    Full Text Available The aim of this study is to investigate the economics of renewable energy- powered desalination, as applied to water supply for remote coastal and desert communities in developing countries. In this paper, the issue of integration of desalination technologies and renewable energy from specified sources is addressed. The features of Photovoltaic (PV system combined with reverse osmosis desalination technology, which represents the most commonly applied integration between renewable energy and desalination technology, are analyzed. Further, a case study for conceptual seawater reverse osmosis (SW-RO desalination plant with 1000 m3 /d capacity is presented, based on PV and conventional generators powered with fossil fuel to be installed in a remote coastal area in Egypt, as a typical developing country. The estimated water cost for desalination with PV/ SW-RO system is about $1.25 m3 , while ranging between $1.22-1.59 for SW-RO powered with conventional generator powered with fossil fuel. Analysis of the economical, technical and environmental factors depicts the merits of using large scale integrated PV/RO system as an economically feasible water supply relying upon a renewable energy source.

  18. Introduction course on the economical evaluation of energy projects

    Jansen, J.C.

    1992-06-01

    A theoretical course on the financial and economical evaluation of energy projects is presented. The course was organized by the Banque Mondiale in Bujumbura, Burundi, from 11 to 16 November 1991. Subsequently attention is paid to the basics of economic analysis, the financial and the economical analysis of an investment project, and finally the prices of energy products. 4 figs., 13 refs

  19. Economics of solar energy: Short term costing

    Klee, H.

    The solar economics based on life cycle costs are refuted as both imaginary and irrelevant. It is argued that predicting rates of inflation and fuel escalation, expected life, maintenance costs, and legislation over the next ten to twenty years is pure guesswork. Furthermore, given the high mobility level of the U.S. population, the average consumer is skeptical of long run arguments which will pay returns only to the next owners. In the short term cost analysis, the house is sold prior to the end of the expected life of the system. The cash flow of the seller and buyer are considered. All the relevant factors, including the federal tax credit and the added value of the house because of the solar system are included.

  20. Energy: sources, economics and the environment

    Coles, G.

    2003-01-01

    The demands of providing energy whilst reducing greenhouse gas emissions makes the use of nuclear power and hydroelectricity a practical alternative. The Australian government accepts that present global greenhouse gas emissions produce global warming. It is not apparent that any degree of global warming can be prevented by less than global elimination of greenhouse gas emissions or even that this will remove any such global warming which has already occurred. The evidence and references discussed also indicate that the effect of the total elimination of CO 2 emissions by Australia at the 2000 rate of 279.9 million tonnes will be overwhelmed by global levels and increases, for example the present emission of 3500 million tonnes by China at 2.8 tonnes per capita from 1250 billion people and the virtual certainty of its increase . It is therefore necessary to question whether a country like Australia is otherwise justified (unless nuclear power or other measures to eliminate greenhouse gas emissions are accepted worldwide) in adopting an) energy-generating systems intended to lead to its own elimination of CO 2 emissions if they create social, economic and resource costs (and possibly other environmental non-greenhouse gas problems) exceeding those of nuclear sources

  1. Economics of recovering energy from wastes

    Miller, I. J.

    1977-10-15

    It is estimated that New Zealand produces about 3200 t/day of refuse from the eight main centres. If it is assumed that the composition of this is intermediate between that of the US and the UK, then a calorific value of approximately 11.6 GJ/t is obtained, which indicates a potential of 37 TJ/day of energy is theoretically available from wastes. Some of the possible processes that could be used, and the yield of either energy or fuel that could be obtained from the assumed raw material are illustrated. It must be emphasized that before much further progress can be achieved in this area, a better knowledge of the amounts and composition of our refuse is necessary. This data is considered as an indication of the potential. The remainder of this paper consists of a preliminary economic assessment of processes that are in a reasonable state of development, i.e. to the stage where a demonstration plant would be built, or better. The currency used is the $US, 1975. Capital is considered to be amortized at 6% over 20 years. Labor has been estimated at an average of $7000. Land and site development is not included as this will vary immensely. However, it must be added that the fermentation processes are most likely to require considerably more land. All processes are costed for a 500 t/day plant, and cost estimations are from published or manufacturer's data, following the six tenths rule.

  2. Economic reform, energy, and development: the case of Mexican manufacturing

    Aguayo, Francisco; Gallagher, K.P.

    2005-01-01

    Given increasing concern over global climate change and national security there is a burgeoning interest in examining the relationship between economic growth and energy use in developed and developing countries. More specifically, decoupling energy use per unit of gross domestic product (GDP) has fast come to be seen as in the interests of national economies and the world as a whole. Recent attention has been paid to the dramatic decreases in the energy intensity of the Chinese economy, which fell by 55% between 1975 and 1995. Do other developing economies follow similar trajectories? This paper examines the energy intensity of the Mexican economy for the period 1988-1998. Although the long-term trend in Mexican energy intensity is rising, the energy intensity of the Mexican economy began to decline in 1988. This paper explores the factors that have contributed to this reduction. Diminishing Mexican energy use per unit of GDP has been driven by significant decreases in industrial energy intensity. We show that these changes have resulted from changes in the composition of Mexican industrial structure, and technological change

  3. Nuclear energy consumption and economic growth in nine developed countries

    Wolde-Rufael, Yemane; Menyah, Kojo

    2010-01-01

    This article attempts to test the causal relationship between nuclear energy consumption and real GDP for nine developed countries for the period 1971-2005 by including capital and labour as additional variables. Using a modified version of the Granger causality test developed by Toda and Yamamoto (1995), we found a unidirectional causality running from nuclear energy consumption to economic growth in Japan, Netherlands and Switzerland; the opposite uni-directional causality running from economic growth to nuclear energy consumption in Canada and Sweden; and a bi-directional causality running between economic growth and nuclear energy consumption in France, Spain, the United Kingdom and the United States. In Spain, the United Kingdom and the USA, increases in nuclear energy consumption caused increases in economic growth implying that conservation measures taken that reduce nuclear energy consumption may negatively affect economic growth. In France, Japan, Netherlands and Switzerland increases in nuclear energy consumption caused decreases in economic growth, suggesting that energy conservation measure taken that reduce nuclear energy consumption may help to mitigate the adverse effects of nuclear energy consumption on economic growth. In Canada and Sweden energy conservation measures affecting nuclear energy consumption may not harm economic growth.

  4. Economic factors for the next generation NPPs

    Bengt, I.; Matzie, R.A.

    1996-01-01

    This paper has summarized the major economic factors that will impact the economic viability of the next generation of nuclear power plants. To make these plants competitive with other sources of electric power, they must have a large plant output (1000 - 1400 M We), be constructed over a short time period (on the order of four years or less), be standardized designs which are pre-licensed, and achieve high availability through the use of long operating cycles and short refueling outages. Many features in the design of these plants can promote these attributes. This is the task of the designer in concert with the plant constructor and equipment supplier to work in a concurrent manner to obtain an integrated design that achieves these goals. It is important from the beginning that all interested parties recognize that there must be a balance between the desire for improved safety and the cost to achieve this safety. Similarly, there must be a recognition that the economics of nuclear power plants are based on power generation costs over a sixty year period, not on the initial capital cost of the plant. The initial capital cost of the plant is only about one-third of the total cost of running the plant for its life time. Thus, focusing on the initial capital costs may drive the designers to incorporate features that adversely affect its future operation. Features such as compact plant designs that have restricted access to components, and the use of highly interconnected systems that perform multiple functions, result in increased difficulty of operating and maintaining the plant. Exhaustive planning in all phases of the plant life cycle will reap dramatic dividends in the reduction of power generation costs. The planning done in the design phase by utilizing designers, constructors, and operators will result in a plant that has lower power generation costs. Planning during the construction phase can result in a shorter schedule, by eliminating essentially all rework

  5. Energy economics. CO{sub 2} emissions in China

    Wei, Yiming [Beijing Institute of Technology (China). Center for Energy and Environmental Policy Research; Liu, Lancui [Ministry of Environmental Protection of the People' s Republic of China, Beijing (China). Center for Climate and Environmental Policy; Wu, Gang; Zou, Lele [Chinese Academy of Sciences, Beijing (China). Inst. of Policy and Management

    2011-07-01

    ''Energy Economics: CO{sub 2} Emissions in China'' presents a collection of the researches on China's CO{sub 2} emissions as studied by the Center for Energy and Environmental Policy Research (CEEP). Based on the analysis of factors related to global climate change and CO{sub 2} emissions, it discusses China's CO{sub 2} emissions originating from various sectors, diverse impact factors, as well as proposed policies for reducing carbon emissions. Featuring empirical research and policy analysis on focused and critical issues involving different stages of CO{sub 2} emissions in China, the book provides scientific supports for researchers and policy makers in dealing with global climate change. (orig.)

  6. Socio-economic factors influencing cassava production in Kuje and ...

    This study examined socio-economic factors influencing output level of cassava production in Kuje and Abaji Area Councils of Federal Capital Territory, Abuja. The specific objectives were to:identify the socio-economic characteristics of sampled cassava farmers in the study area; determine the socio-economic factors ...

  7. International symposium on energy, environment and economics: Transactions

    Colville, E.J.

    1995-01-01

    The conference deals with a comprehensive range of topics on energy sources and technologies, the economic impacts of energy use and production, and environmental issues. The papers are grouped into chapters covering environmental policy, environment education, environment economics, new and renewable energy sources, utilities, electricity and planning software, domestic energy, commercial energy, heat pumps and cogeneration, and transport. A number of un-presented papers and abstracts of contributions are included. Relevant papers are individually indexed/abstracted. Tabs. figs., refs

  8. Energy and economic growth: Grounding our understanding in physical reality

    Ockwell, David G.

    2008-01-01

    This article attempts to summarise the complex, wide ranging and unresolved debate within the economics literature on the possibility of decoupling economic growth from energy use. It explores the difference between neo-classical and ecological economic worldviews and highlights how the ecological economic approach attempts to ground its analysis within the physical limits implied by the laws of thermodynamics. Once these laws are accounted for, the possibility of decoupling economic growth from energy use seems more limited than neo-classical economics implies. Analysis of empirical evidence also demonstrates that observed improvements in GDP/energy use ratios in the USA are better explained by shifts towards higher quality fuels than by improvements in the energy efficiency of technologies. This implies a need to focus on decarbonising energy supply. Furthermore, where energy-efficiency improvements are attempted, they must be considered within the context of a possible rebound effect, which implies that net economy-wide energy savings from energy-efficiency improvements may not be as large as the energy saved directly from the efficiency improvement itself. Both decarbonising energy supply and improving energy efficiency require the rapid development and deployment of new and existing low-carbon technologies. This review therefore concludes by briefly outlining areas of economic thought that have emerged as a result of engagement between economists and experts from other disciplines. They include ecological, evolutionary and institutional economics, all of which can make policy-relevant contributions to achieving a transition to a low-carbon economy

  9. Energy consumption and economic growth. Assessing the evidence from Greece

    Hondroyiannis, George; Lolos, Sarantis; Papapetrou, Evangelia

    2002-01-01

    This paper attempts to shed light into the empirical relationship between energy consumption and economic growth, for Greece (1960-1996) employing the vector error-correction model estimation. The vector specification includes energy consumption, real GDP and price developments, the latter taken to represent a measure of economic efficiency. The empirical evidence suggests that there is a long-run relationship between the three variables, supporting the endogeneity of energy consumption and real output. These findings have important policy implications, since the adoption of suitable structural policies aiming at improving economic efficiency can induce energy conservation without impeding economic growth

  10. Economic Analysis of Factors Affecting Technical Efficiency of ...

    Economic Analysis of Factors Affecting Technical Efficiency of Smallholders ... socio-economic characteristics which influence technical efficiency in maize production. ... Ministry of Agriculture and livestock, records, books, reports and internet.

  11. Solid-state lighting: an energy-economics perspective

    Tsao, J Y; Creighton, J R; Coltrin, M E; Simmons, J A [Physical, Chemical and Nano Sciences Center, Sandia National Laboratories, PO Box 5800, Albuquerque, NM 87185-0601 (United States); Saunders, H D, E-mail: jytsao@sandia.go, E-mail: jrcreig@sandia.go, E-mail: mecoltr@sandia.go, E-mail: jsimmon@sandia.go, E-mail: hsaunders@decisionprocessesinc.co [Decision Processes Incorporated, 2308 Saddleback Drive, Danville, CA 94506 (United States)

    2010-09-08

    Artificial light has long been a significant factor contributing to the quality and productivity of human life. As a consequence, we are willing to use huge amounts of energy to produce it. Solid-state lighting (SSL) is an emerging technology that promises performance features and efficiencies well beyond those of traditional artificial lighting, accompanied by potentially massive shifts in (a) the consumption of light, (b) the human productivity and energy use associated with that consumption and (c) the semiconductor chip area inventory and turnover required to support that consumption. In this paper, we provide estimates of the baseline magnitudes of these shifts using simple extrapolations of past behaviour into the future. For past behaviour, we use recent studies of historical and contemporary consumption patterns analysed within a simple energy-economics framework (a Cobb-Douglas production function and profit maximization). For extrapolations into the future, we use recent reviews of believed-achievable long-term performance targets for SSL. We also discuss ways in which the actual magnitudes could differ from the baseline magnitudes of these shifts. These include: changes in human societal demand for light; possible demand for features beyond lumens; and guidelines and regulations aimed at economizing on consumption of light and associated energy.

  12. Solid-state lighting: an energy-economics perspective

    Tsao, J Y; Creighton, J R; Coltrin, M E; Simmons, J A; Saunders, H D

    2010-01-01

    Artificial light has long been a significant factor contributing to the quality and productivity of human life. As a consequence, we are willing to use huge amounts of energy to produce it. Solid-state lighting (SSL) is an emerging technology that promises performance features and efficiencies well beyond those of traditional artificial lighting, accompanied by potentially massive shifts in (a) the consumption of light, (b) the human productivity and energy use associated with that consumption and (c) the semiconductor chip area inventory and turnover required to support that consumption. In this paper, we provide estimates of the baseline magnitudes of these shifts using simple extrapolations of past behaviour into the future. For past behaviour, we use recent studies of historical and contemporary consumption patterns analysed within a simple energy-economics framework (a Cobb-Douglas production function and profit maximization). For extrapolations into the future, we use recent reviews of believed-achievable long-term performance targets for SSL. We also discuss ways in which the actual magnitudes could differ from the baseline magnitudes of these shifts. These include: changes in human societal demand for light; possible demand for features beyond lumens; and guidelines and regulations aimed at economizing on consumption of light and associated energy.

  13. Factor-structure of economic growth in E-commerce

    吴隽; 刘洪久; 栾天行

    2003-01-01

    In order to analyze the factors having effect on economic growth of E-commerce, the economic growthprocess of E-commerce is divided into three stages; growth stage, stabilization stage and re-growth stage. Thesethree different stages are analysed using several economic growth theories, a set of factor-structure is proposedfor each stage of the economic growth process of E-commerce.

  14. Nuclear energy and global warming: a new economic view

    Rokhshad Hejazi

    2009-01-01

    This paper tries to state energy situation and then energy policy globally in economic view and then offer the practical solution. Besides above questions, the most important questions that will be answered are: What is the energy position, in economic view? and what is the most important priority among environmental issues? According to present conditions and environmental challenges what is the way map for energy supply? Is the priority for environment and energy with an economic sight, in present and future, same as the past? (Author)

  15. The economics of wind energy. Collection of papers for discussions

    Vihriaelae, H.

    1995-01-01

    This publication contains the proceedings of EWEA Special Topic Conference '95 on the economics of wind energy, held in Helsinki, Finland, on 5-7 September, 1995. The programme consisted of panel discussions and poster presentations on National Programmes and Operational Experience of Wind Energy, Grid Issues and Avoided Direct Costs of Wind Energy, Avoided External Costs of Wind Energy, The Role of Wind Energy in Future Energy Supply and Technical Innovations of Wind Energy

  16. The economics of wind energy. Collection of papers for discussions

    Vihriaelae, H [ed.

    1996-12-31

    This publication contains the proceedings of EWEA Special Topic Conference `95 on the economics of wind energy, held in Helsinki, Finland, on 5-7 September, 1995. The programme consisted of panel discussions and poster presentations on National Programmes and Operational Experience of Wind Energy, Grid Issues and Avoided Direct Costs of Wind Energy, Avoided External Costs of Wind Energy, The Role of Wind Energy in Future Energy Supply and Technical Innovations of Wind Energy

  17. The economics of wind energy. Collection of papers for discussions

    Vihriaelae, H. [ed.

    1995-12-31

    This publication contains the proceedings of EWEA Special Topic Conference `95 on the economics of wind energy, held in Helsinki, Finland, on 5-7 September, 1995. The programme consisted of panel discussions and poster presentations on National Programmes and Operational Experience of Wind Energy, Grid Issues and Avoided Direct Costs of Wind Energy, Avoided External Costs of Wind Energy, The Role of Wind Energy in Future Energy Supply and Technical Innovations of Wind Energy

  18. Energy, environment and economics: greenhouse policy in the balance

    Wilkenfeld, G.L.

    1990-01-01

    Taking New South Wales as a case study, this paper reviews the government's major economic and environmental concerns, and analyses how they bear on energy and greenhouse policy options. The government's economic strategy emphasises the continuing importance of primary resources, minerals processing and energy-intensive manufacturing, where the State is perceived to have a competitive advantage because of its extensive coal resources. The implications of these trends for the energy utilities and for greenhouse energy policy are analysed. 22 refs., 1 tab

  19. Nuclear energy as an instrument of economic policy

    Thiriet, L.

    1984-01-01

    This chapter is a review of how nuclear power can help achieve energy policy objectives, illustrated with examples based on experience in France. It is preceded by a preliminary consideration of the global economic background for the development of nuclear power today. Headings are: introduction; world-wide economic environment; nuclear energy and inflation; nuclear energy and external constraints; nuclear energy, foreign currency and employment in the French context. (U.K.)

  20. Energy efficiency and economic fallacies: a reply; and reply

    Brookes, L.G.; Grubb, M.

    1992-01-01

    The claim that a programme of energy efficiency improvements has nothing to offer to the solution of any problem of global warming is discussed. Some very important points not previously conceded by supporters of energy efficiency solutions to economic and environmental problems are considered, namely: first that when energy supply/price is the constraint on the level of economic activity, using energy more efficiently does not help to reduce total energy demand; and, second, that it has in practice been true that when energy supply/price is not the macroeconomic constraint, once again demand for energy is not reduced by more efficient use. (author)

  1. Influence Factors of the Economic Development Level Across European Countries

    Diana Ioana POPA

    2016-01-01

    The economic development level of a country refers to the measure of the progress in an economy that could be measured, especially through GDP or GDP per capita. The level of these indicators can be influenced by many factors as a large scale, from social and economical to environmental and government policies factors. The paper aims to investigate some of these influence factors of the economic development level, represented in this case by GDP per capita, across European countries in the...

  2. Zero energy homes – Are they economically viable?

    Berry, Stephen; Davidson, Kathryn

    2015-01-01

    Whilst net zero energy homes are espoused in many policy circles, and many bespoke examples have been constructed to demonstrate their technical feasibility, there is a scarcity of evidence demonstrating such a standard would be economically rational, particularly for large scale housing development where orientation and aspect may not always be optimal. Drawing on energy monitoring evidence and construction economics associated with a nearly zero energy housing estate in Adelaide, Australia, this paper explores the economic feasibility of the net zero energy home policy in warm temperate climates. The results demonstrate that using economic tools and assumptions typically applied for building energy regulatory policy changes, net societal economic benefits significantly outweigh costs. The clear economic outcomes, combined with expected health and productivity benefits from improved levels of thermal comfort, should provide security to policy makers to progress home energy standards towards net zero energy performance. -- Highlights: •The concept of net zero energy homes is examined for economic viability. •Evidence is collected from a near net zero energy housing estate. •Conservative results show that societal benefits outweigh costs. •Significant additional benefits gained from net zero energy homes

  3. Solar energy system economic evaluation for Colt Pueblo, Pueblo, Colorado

    1980-01-01

    The Solar Energy System is not economically beneficial under the assumed economic conditions at Pueblo, Colorado; Yosemite, California; Albuquerque, New Mexico; Fort Worth, Texas; and Washington, D.C. Economic benefits from this system depend on decreasing the initial investment and the continued increase in the cost of conventional energy. Decreasing the cost depends on favorable tax treatment and continuing development of solar energy technology. Fuel cost would have to increase drastically while the cost of the system would have to remain constant or decrease for the system to become economically feasible.

  4. Natural resources as a factor of economic growth in Kosovo

    Haki Shatri

    2015-11-01

    Full Text Available In the history of the economic growth, there are numerous examples of countries that have developed based on their available natural resources. Especially, these assets have been the propulsion of the development in the initial period. But we also find some cases where countries with limited natural resources have experienced dynamic economic development. Kosovo is the last federal unit dismembered from former Yugoslavia after a decade under Milosevic’s Serbian regime and a two years’ war. International intervention and the inclusion of the country under an international protectorate created the conditions for the development of devastated economy by war and the robbery to be recovered together with the creation of institutional and economic infrastructure (Lidhja e Ekonomistëve të Kosovës, 1996. Under these conditions, everything had to start from scratch. The only development factor that Kosovo possessed was the human factor - age structure and the abundant natural resources, especially in key sectors such as the energy and in mining and minerals, agriculture and tourism. Thus it is sustainable the conclusion that “The rapid and sustainable economic and social development of Kosovo depends substantially from the implementation of the appropriate policies and suitable economic reforms that enable more rational use of its natural and human resources”. The list of the available resources of Kosovo is long. Kosovo possesses significant amount of all mineral raw materials in both quality and quantity terms. Among the most important raw materials have been ranked the power-lignite mining that is stretched into three basins and it is estimated to be around 9 billion exploitable tons (Kelmendi, 2012. Kosovo also owns mineral resources which are found in the Trepca’s Metals basin. The geological researches show favorable conditions of exploitation and high quality of the ore. Mainly one can found the lead, zinc, silver and other

  5. Energy. Economics - politics - technology. Energie. Wirtschaft - Politik - Technik

    Kruppa, A; Mielenhausen, E; Kallweit, J H; Schlueter, H; Schenkel, J; Vohwinkel, F; Streckel, S; Brockmann, H W

    1978-01-01

    The themes of the various aspects of the energy sector collected in this volume and discussed by different authors are: Energy policy, energy demand-research and forecasts, energy supplies, new technologies for future energy supply, generation of electrical energy by nuclear power stations, effect on the environment of energy plants, legal problems of site planning, and the authorisation of energy plants.

  6. Hybrid photovoltaic system control for enhancing sustainable energy. Economic aspects

    Leva, Sonia; Roscia, Mariacristina; Zaninelli, Dario

    2005-01-01

    The paper introduces hybrid photovoltaic/diesel generation systems for supplying remote power plant taking into account the enhancement of sustainable energy on the economic point of view. In particular, a new monitoring and control device is presented in order to carry out the optimum energy flows and a cost evaluation is performed on a real plant showing the effect and weight of the economical sustainability and economical saving. (authors)

  7. Economic Aspects of Innovations in Energy Storage

    Strielkowski, Wadim; Lisin, Evgeny

    2017-01-01

    Energy storage is emerging as a potential method for addressing global energy system challenges across many different application areas. However, there are technical and non-technical barriers to the widespread deployment of energy storage devices. With regard to the above, it seems crucial to identify innovation processes, mechanisms and systems (in a broad sense) that can allow energy storage to help meet energy system challenges, and also deliver industrial growth from technology developme...

  8. The economics of energy service contracts

    Sorrell, S. [University of Sussex, Brighton (United Kingdom). Sussex Energy Group, SPRU -Science and Technology Policy Research

    2007-01-15

    Energy service contracting can provide a cost-effective route to overcoming barriers to energy efficiency. Energy service contracts allow the client to reduce operating costs, transfer risk and concentrate attention on core activities. However, the energy services model may only be appropriate for a subset of energy services and energy using organisations. A challenge for both business strategy and public policy is to identify those situations in which energy service contracting is most likely to be appropriate and the conditions under which it is most likely to succeed. Energy service contracting is a form of outsourcing. It will only be chosen where the expected reduction in the production cost of supplying energy services can more than offset the transaction cost of negotiating and managing the relationship with the energy service provider. Production costs will be determined by a combination of the physical characteristics of the energy system and the technical efficiency of the relevant organisational arrangements, including economies of scale and specialisation. Transaction costs, in turn, will be determined by the complexity of the energy service, the 'specificity' of the investments made by the contractor, the competitiveness of the energy services market and the relevant legal, financial and regulatory rules. This paper develops these ideas into a general framework that may be used to assess the feasibility of energy service contracting in different circumstances. The framework leads to a number of hypotheses that are suitable for empirical test. (author)

  9. The economics of energy service contracting

    Sorrell, Steve [Univ. of Sussex (United Kingdom). SPRU

    2005-07-01

    Energy service contracting can provide a cost-effective route to overcoming barriers to energy efficiency. Energy service contracts allow the client to reduce operating costs, transfer risk and concentrate attention on core activities. However, the energy services model may only be appropriate for a subset of energy services and energy using organisations. A challenge for both business strategy and public policy is to identify those situations in which energy service contracting is most likely to be appropriate and the conditions under which it is most likely to succeed. Energy service contracting is a form of outsourcing. It will only be chosen where the expected reduction in the production cost of supplying energy services can more than offset the transactions cost of negotiating and managing the relationship with the energy service provider. Production costs will be determined by a combination of the physical characteristics of the energy system and the technical efficiency of the relevant organisational arrangements, including economies of scale and specialisation. Transaction costs, in turn, will be determined by the complexity of the energy service, the 'specificity' of the investments made by the contractor, the 'contestability' of the energy services market and the relevant legal, financial and regulatory rules. This paper develops these ideas into a general framework that may be used to assess the feasibility of energy service contracting in different circumstances. The framework leads to a number of hypotheses that are suitable for empirical test.

  10. The economics of energy service contracts

    Sorrell, Steve

    2007-01-01

    Energy service contracting can provide a cost-effective route to overcoming barriers to energy efficiency. Energy service contracts allow the client to reduce operating costs, transfer risk and concentrate attention on core activities. However, the energy services model may only be appropriate for a subset of energy services and energy using organisations. A challenge for both business strategy and public policy is to identify those situations in which energy service contracting is most likely to be appropriate and the conditions under which it is most likely to succeed. Energy service contracting is a form of outsourcing. It will only be chosen where the expected reduction in the production cost of supplying energy services can more than offset the transaction cost of negotiating and managing the relationship with the energy service provider. Production costs will be determined by a combination of the physical characteristics of the energy system and the technical efficiency of the relevant organisational arrangements, including economies of scale and specialisation. Transaction costs, in turn, will be determined by the complexity of the energy service, the 'specificity' of the investments made by the contractor, the competitiveness of the energy services market and the relevant legal, financial and regulatory rules. This paper develops these ideas into a general framework that may be used to assess the feasibility of energy service contracting in different circumstances. The framework leads to a number of hypotheses that are suitable for empirical test

  11. Solar energy application, economics, and public perception

    Adaramola, Muyiwa

    2015-01-01

    Due to climate change, the rise in energy demand, and issues of energy security, more countries are being forced to reexamine their energy policies and consider more renewable sources of energy. Solar power is expected to play a significant role in the changing face of energy economies, due in a large part to the recent technological advances in the field and the significant decrease in cost. This book describes these advances and examines the current state of solar power from a variety of angles. The various sections of the book cover the following topics: an overview of hybrid solar energy s

  12. Toward a Sustainable Low-Carbon China: A Review of the Special Issue of “Energy Economics and Management”

    Ning Zhang

    2016-08-01

    Full Text Available Severe environmental quality deterioration, along with predatory exploitation of energy resources, are generally associated with economic growth, especially in China. Against this background, the 6th Annual Conference of Energy Economics and Management provides a platform for examining outperforming governance factors and mechanisms of energy economics and policy. Thanks to Sustainability for providing this special issue. This editorial highlights the contents and methodologies of the special issue for this conference, presenting diverse issues in energy economics and management. We also suggest guidelines for future study in energy economics and management.

  13. ANALYSIS OF FACTORS WHICH AFFECTING THE ECONOMIC GROWTH

    Suparna Wijaya

    2017-03-01

    Full Text Available High economic growth and sustainable process are main conditions for sustainability of economic country development. They are also become measures of the success of the country's economy. Factors which tested in this study are economic and non-economic factors which impacting economic development. This study has a goal to explain the factors that influence on macroeconomic Indonesia. It used linear regression modeling approach. The analysis result showed that Tax Amnesty, Exchange Rate, Inflation, and interest rate, they jointly can bring effect which amounted to 77.6% on economic growth whereas the remaining 22.4% is the influenced by other variables which not observed in this study. Keywords: tax amnesty, exchange rates, inflation, SBI and economic growth

  14. Oil Price Volatility, Economic Growth and the Hedging Role of Renewable Energy

    Rentschler, Jun E.

    2013-01-01

    This paper investigates the adverse effects of oil price volatility on economic activity and the extent to which countries can hedge against such effects by using renewable energy. By considering the Realized Volatility of oil prices, rather than following the standard approach of considering oil price shocks in levels, the effects of factor price uncertainty on economic activity are analy...

  15. Influence of Economic Factors on Development in China

    Viktoria S. Matyushkina

    2012-05-01

    Full Text Available The article deals with problems caused by economic factors in the development of international tourism in China. Factors posing threads to development of tourism in China are considered.

  16. Gender Factors and Inclusive Economic Growth: The Silent Revolution

    Laura Cabeza-García

    2018-01-01

    Full Text Available The gender factors that trigger economic growth in both high- and low-income countries were investigated in this study. To address these gender factors, four characteristic dimensions of gender inclusion were considered: education, access to the labor market, fertility, and democracy. The relationship between economic growth and gender factors was analyzed in a sample of 127 countries. Value and robustness were added to the results using dynamic models applied to panel data while accounting for endogeneity. We conclude that high fertility in women has negative effects on economic growth. However, when women have greater access to secondary education and the labor market in conditions of equality, the effects are positive. Similarly, the access of women to active political participation has significant effects on economic growth. Overall, this study helps identify which gender factors may promote inclusive economic growth, which is economic growth achieved when both men and women are incorporated in equal conditions.

  17. The German energy policy. Future prospects and new economic opportunities

    Persem, Melanie

    2013-01-01

    This document presents some key information and figures about the German energy policy: share of renewable energy sources in the German energy mix by 2050, societal commitments of citizens, towns and regions as pillars of the energy transition, research and innovation: the keys of a successful energy transition in Germany, the coalition contract and the 2014-2017 government priorities, a safe, affordable and ecological energy transition, renewable energies guidance towards market economy, grids as central and vital elements of the energy transition, the electricity market and the new framework for renewable energies, new economic models to be exploited for smart grids, a change of paradigm with 'smart markets'

  18. Values as Motivation Factors of Economic Behaviour

    Martin Lačný

    2013-12-01

    Full Text Available The article presents a reflection on the structure of values functioning as motivators of economic behaviour. Considering the principle of rational egoism the author describes three segments of crucial values, which seem to be fundamental, as a matter of the contemporary Euro-American economic value system – freedom and justice; responsibility and confidence; progress, prosperity and rationality. An important methodological basis of presented reflection is the Ethics of social consequences – dynamically developing consequentialist ethical theory, responding to the challenges arising in the field of applied ethics in the framework of efforts to solve practical problems of today's world.

  19. Solar energy system economic evaluation for Solaron Akron, Akron, Ohio

    1980-01-01

    The economic analysis of the solar energy system that was installed at Akron, Ohio is developed for this and four other sites typical of a wide range of environmental and economic conditions. The analysis is accomplished based on the technical and economic models in the f chart design procedure with inputs based on the characteristics of the installed parameters of present worth of system cost over a projected twenty year life: life cycle savings, year of positive savings and year of payback for the optimized solar energy system at each of the analysis sites. The sensitivity of the economic evaluation to uncertainties in constituent system and economic variables is also investigated. Results show that only in Albuquerque, New Mexico, where insolation is 1828 Btu/sq ft/day and the conventional energy cost is high, is this solar energy system marginally profitable.

  20. The methodology of energy policy-making in economical models

    Poursina, B.

    1998-08-01

    Scrutiny and careful study in energy is a subject that in human science has been investigated from different point of view. The expansion of this research, because of its importance and effect in different dimensions of human life, has also arrived in the field of political and economic sciences. Economics evaluates the energy phenomenon at the side of elements such as labor, capital and technology in the production functions of firms. The nature of these discussions is mainly from the viewpoint of micro analyses. Nevertheless, the variation and challenges concerning energy and environment during the recent decades and the economists` detailed investigations in its analysis and evaluation have led to the arrival of energy discussions in a special shape in macro planning and large economic models. The paper compares various energy models - EFDM, MEDEE, MIDAS and HERMES. This extent of planning and consequently modelling which lacks a background in the processes of economic researches, deals with analysis of energy and economics reacting effects. Modelling of energy-economy interaction and energy policy in modeling macroeconomics large models are new ideas in energy studies and economics. 7 refs., 6 figs., 1 tab.

  1. Sustainable energy. Economic growth for the Netherlands with green potential

    Sijbesma, F.; Oudeman, M.

    2010-02-01

    Research of the economic potential and options for enhancing renewable energy in the Netherlands. The following research questions were addressed: What is the current and future economic value of renewable energy in the Netherlands?; What are the areas in which the Netherlands has a unique point of departure with respect to knowledge and activities?; How can the economic potential be optimally deployed? Can the opportunities be increased by making it a key area?; What are other ways are there to enhance the economic development?. [nl

  2. Economic factors of vulnerability trade and exploitation

    Allodi, L.

    2017-01-01

    Cybercrime markets support the development and diffusion of new attack technologies, vulnerability exploits, and malware. Whereas the revenue streams of cyber attackers have been studied multiple times in the literature, no quantitative account currently exists on the economics of attack acquisition

  3. Economic viability of geothermal energy usage in comparison to renewable and conventional energy systems

    Schaumann, G.

    2002-01-01

    This comprehensive lecture given by Prof. Dr. Gunter Schaumann in Bad Duerkheim, Germany, discusses the use of geothermal energy in relationship to other forms of renewable energy sources and conventional energy technologies used to provide heat, power and motive force. The characteristics of geothermal energy from various sources and examples of its possible use are discussed. In particular, the paper deals with deep geothermal energy, which can provide heating energy for district heating schemes, if necessary with the help of heat pumps. The prospects of such a use of geothermal energy in the next 50 years in various suitable regions in Germany is discussed and the associated prerequisites are listed. The present situation concerning the use of geothermal energy in Germany is examined. An example of a geothermal heating power station that also features a gas-fired combined heat and power installation, a heat pump and a peak-load boiler is given. Also, the generation of electrical power using the Organic Rankine Cycle is discussed. The factors influencing the economic viability of geothermal power stations are discussed in detail and the resulting energy prices are compared with conventional plants. The paper gives details of the calculation of investment and energy costs for heat and power generation and presents figures based on exemplary installations

  4. Causality relationship between energy demand and economic ...

    This paper attempts to examine the causal relationship between electricity demand and economic growth in Nigeria using data for 1970 – 2003. The study uses the Johansen cointegration VAR approach. The ADF and Phillips – Perron test statistics were used to test for stationarity of the data. It was found that the data were ...

  5. Economics of Energy Conservation: A Case Study

    Gunatilake, Herath; Padmakanthi, Dhammika

    2008-01-01

    Global energy security relies heavily on exhaustible fossil fuels, whose use contributes significantly to global environmental problems. The recent unprecedented rise in oil prices and the threat of global warming highlight the urgent need for solutions to the energy and environment problem. Shifting to clean renewable energy sources - the long-term solution - has been slow despite efforts of the global community since the 1970s. Demand side management (DSM) is part of the solution to the ene...

  6. THE RENEWABLE ENERGY PRODUCTION-ECONOMIC DEVELOPMENT NEXUS

    Gorkemli Kazar

    2014-04-01

    Full Text Available As renewable energy requirements increases, its relation with development is controversial. In this study, by taking human development index for development level, the relationship between renewable electricity net generation values and development has been searched with panel analysis. Study covers two different time periods: 1980-2010 with 5 year data to analyze long term effects and 2005-2010 yearly data for short term effects. Unlike previous studies, energy generation has been taken into consideration for it is thought to be more related with economic development. It is found that in the long run economic development will be leading to renewable energy production, while in the short run there exists a bidirectional causal relationship between renewable energy production and economic development. In addition, the causal relationship between economic development and renewable energy production varies both in the long run and in the short run due to human development level of the countries.

  7. A panel study of nuclear energy consumption and economic growth

    Apergis, Nicholas; Payne, James E.

    2010-01-01

    This study examines the relationship between nuclear energy consumption and economic growth for sixteen countries within a multivariate panel framework over the period 1980-2005. Pedroni's (1999, 2004) heterogeneous panel cointegration test reveals there is a long-run equilibrium relationship between real GDP, nuclear energy consumption, real gross fixed capital formation, and the labor force with the respective coefficients positive and statistically significant. The results of the panel vector error correction model finds bidirectional causality between nuclear energy consumption and economic growth in the short-run while unidirectional causality from nuclear energy consumption to economic growth in the long-run. Thus, the results provide support for the feedback hypothesis associated with the relationship between nuclear energy consumption and economic growth.

  8. Solar energy options: Technical economic analysis

    Visentin, R

    1982-01-01

    A general system approach on the earth suggests the conversion and distribution of solar energy as electricity, gas, solid and liquid fuels; the historical trend in energy management techniques is in favour of this hard technical proposal, because experience there exists on methods of transmission or transportation of previous kinds of energy vectors mentioned, and small changes in lifestyles toward energy conservation have to be considered in the final uses of the energy. Less hard system technologies will permit direct heat and electricity production close to the channels of energy consumptions; these systems will function as energy savers and their full exploitation implies greater impacts on energy use and lifestyles. As a general trend for government policies as well as for public decision impact on the social decision process, the proliferation of solar systems would permit to produce energy for the 'flowing energetic consumptions' (civil, transportation, agriculture, telecommunications, lighting, etc.) while the not renewable fuels could be properly invested in the production of strategic or durable materials; in this scheme the role of renewable resources is well defined to stabilize the whole civil system in which we are at present organized.

  9. Economical energy use in road traffic

    Diekmann, A

    1980-01-01

    The energy situation calls for a more rational use of energy. Although the overall share of road transport in energy consumption is only 12%, this sector is looked upon to make a substantial contribution to the saving of energy. The production of more efficient motor vehicles as well as changing patterns in the use of such vehicles will probably lead to a lower overall consumption of fuel by 1985 regardless of an increase in the number of vehicles registered. This can only be achieved if the progress made in vehicle construction is not annihilated by a deterioration in traffic flow owing to insufficient improvement of the road network.

  10. Emerging nuclear energy systems: Economic challenge: Revision 1

    Nuckolls, J.H.

    1986-01-01

    Future nuclear energy systems may achieve substantially lower energy costs than those of existing fossil energy systems and comparable capital costs. Such low cost nuclear energy would provide a strong economic incentive to minimize the use of fossil fuels. If these low cost nuclear energy systems emerge in the next few decades, 21st century civilization may be able to avert potentially disastrous CO 2 induced global climate changes. 12 refs., 1 fig

  11. Economic feasibility constraints for renewable energy source power production

    Biondi, L.

    1992-01-01

    Suitable analysis criteria for use in economic feasibility studies of renewable energy source power plants are examined for various plant types, e.g., pumped storage hydroelectric, geothermal, wind, solar, refuse-fuelled, etc. The paper focusses on the impacts, on operating cost and rate structure, of the necessity, depending on demand characteristics, to integrate renewable energy source power production with conventional power production in order to effectively and economically meet peak power demand. The influence of commercialization and marketing trends on renewable energy source power plant economic feasibility are also taken into consideration

  12. Economics of fuel energy in an Indian village ecosystem

    Nisanka, S.K.; Misra, M.K.; Sahu, N.C.

    1992-01-01

    Fuel energy consumption pattern and its associated socio-economic factors have been intensively studied in the Bhabinarayanpur village ecosystem, Orissa, located on the east coast of India. About 21% of the gross annual income of the village is devoted to the fuels. Biomass, which is mostly collected free from the environment, is the major source of fuel energy. It constitutes 94.1% of the total fuel consumption. Family size and consumption of cereals and legumes significantly influence fuel use. However, there is no significant correlation between fuel consumption and other variables such as farm size, income and number of earning members in the family. The efficiency of the traditional stove is low in respect of all the biomass fuels for which more than three-quarters of the total energy is lost in the village. There is scope for improving the efficiency of fuel consumption and for ensuring a continuous supply of fuel energy to the village, for which suggestions have been made. (author)

  13. Italian energy economics in an integrated Europe

    Zorzoli, G.B.

    1992-01-01

    Whereas the comparison of 1973-1990 statistical data representing national dependency on foreign energy supplies reflects the overall successful effort by the major Common Market countries to reduce their dependencies, it also evidences that Italy has in fact increased its dependency on foreign energy supplies by 1% to a worrisome 83% European high. Further analysis of the Italian energy situation reveals that, although in recent years energy strategies have been implemented to diversify the mix of energy sources and suppliers, the only diversification Italy has made is the substitution of a portion of its petroleum imports, used predominantly to meet rapidly rising power demand, with natural gas imports. Thus, the degree of vulnerability of this nation's energy supply base has not been altered significantly. It is now hoped that greater cooperation between Italy and its more energy self-sufficient European neighbours, as called for in the new European free trade marketing strategies, as well as, attempts to create and enforce new European environmental standards, will help and induce Italy to lessen its energy supply vulnerability

  14. Energy UK 1986. An economic, social and policy audit

    Harrison, A; Gretton, J [eds.

    1986-01-01

    In a yearbook on energy in the UK with emphasis on economic, social and policy issues, eleven articles are presented of which nine were selected and indexed separately. The topics covered include energy forecasting, energy conservation, its balance with respect to supply investment, government relationships with fuel industries, fuel poverty, acid rain and efficiency studies of the electricity supply industry.

  15. Solar energy system economic evaluation for Seeco Lincoln, Lincoln, Nebraska

    1980-01-01

    The economic analysis of the solar energy system that was installed at Lincoln, Nebraska is developed for this and four other sites typical of a wide range of environmental and economic conditions in the continental United States. This analysis is accomplished based on the technical and economic models in the f chart design procedure with inputs based on the characteristics of the installed system and local conditions. The results are expressed in terms of the economic parameters of present worth of system cost over projected twenty year life: life cycle savings, year of positive savings and year of payback for the optimized solar energy system at each of the analysis sites. The sensitivity of the economic evaluation to uncertainties in constituent system and economic variables is also investigated.

  16. Solar energy system economic evaluation: IBM System 4, Clinton, Mississippi

    1980-01-01

    An economic analysis of the solar energy system was developed for five sites, typical of a wide range of environmental and economic conditions in the continental United States. The analysis was based on the technical and economic models in the F-chart design procedure, with inputs based on the characteristic of the installed system and local conditions. The results are of the economic parameters of present worth of system cost over a 20 year time span: life cycle savings, year of positive savings and year of payback for the optimized solar energy system at each of the analysis sites. The sensitivity of the economic evaluation to uncertainties in constituent system and economic variables is also investigated.

  17. Economical aspects of renewable energy use

    Keller, L.

    1999-01-01

    This article is the summary of a presentation at the exhibition 'Habitat and Garden' at Lausanne (Switzerland) about the effects of renewable energy development on economy and employment. Several studies over this subject do exist and some companies have a considerable know-how in this field. One particularly important question is the impact of non-renewable energy taxes. An answer is available from already published studies: taxes with a yearly yield of 800 millions CHF (about 500 millions USD) would create a net number of 60,000 to 84,000 new jobs, provided that they are integrally used for renewable energy support [de

  18. Energy-economical optimization of industrial sites

    Berthold, A.; Saliba, S.; Franke, R.

    2015-01-01

    The holistic optimization of an industrial estate networks all electrical components of a location and combines energy trading, energy management and production processes. This allows to minimize the energy consumption from the supply network and to relieve the power grid and to maximize the profitability of the industrial self-generation. By analyzing the potential is detected and the cost of optimization solution is estimated. The generation-side optimization is supported through demand-side optimization (demand response). Through a real-time optimization the of Use of fuels is managed, controlled and optimized. [de

  19. An assessement of global energy resource economic potentials

    Mercure, Jean-François; Salas, Pablo

    2012-01-01

    This paper presents an assessment of global economic energy potentials for all major natural energy resources. This work is based on both an extensive literature review and calculations using natural resource assessment data. Economic potentials are presented in the form of cost-supply curves, in terms of energy flows for renewable energy sources, or fixed amounts for fossil and nuclear resources, with strong emphasis on uncertainty, using a consistent methodology that allow direct comparisons to be made. In order to interpolate through available resource assessment data and associated uncertainty, a theoretical framework and a computational methodology are given based on statistical properties of different types of resources, justified empirically by the data, and used throughout. This work aims to provide a global database for natural energy resources ready to integrate into models of energy systems, enabling to introduce at the same time uncertainty over natural resource assessments. The supplementary material provides theoretical details and tables of data and parameters that enable this extensive database to be adapted to a variety of energy systems modelling frameworks. -- Highlights: ► Global energy potentials for all major energy resources are reported. ► Theory and methodology for calculating economic energy potentials is given. ► An uncertainty analysis for all energy economic potentials is carried out.

  20. Economic growth and energy consumption in Algeria: a causality analysis

    Cherfi, S.

    2011-01-01

    The purpose of this study is to review the causal link in the Granger sense, between energy consumption and economic growth in Algeria, to determine its implications for economic policy. The analysis was done based on Granger static and causality tests using statistical data on per capita primary energy consumption and gross domestic product per inhabitant in Algeria, over the 1965-2008 period. The results of the survey show that there is, in Algeria, a strong link between energy consumption per inhabitant and GDP per inhabitant. The results also suggest the lack of a long term impetus (no co-integration) between energy consumption and economic growth. In addition, there is a one-way causal link between GDP and energy consumption, i.e. the prior GDP data provides a better forecast of energy consumption level, but not the contrary. In other words, GDP explains consumption, not the contrary. (author)

  1. Technical progress of nuclear energy: economic and environmental prospects

    Naudet, G.

    1994-01-01

    This document deals with three different aspects of the nuclear energy: first the operating and economic performances of nuclear power plants in the world, the French nuclear competitiveness. Then, the technical and economic perspectives about reactors and fuels cycle and the advantages towards atmospheric pollution are discussed to favour a new worldwide nuclear development. (TEC). 8 refs., 4 figs., 6 tabs

  2. Economic and ordinal benefits of Hydrogen Energy Technology

    Giannantoni, C.; Zoli, M.

    2009-01-01

    A method for assessing economic, environmental and energy investments is particularly suited for hydrogen technologies, because it makes it possible to calculate business returns, negative externalities and, above all, the economic benefits to the citizens: the monetizable positive externalities and the ordinal benefits, i.e. those which cannot be reduced to a simple monetary value. [it

  3. Positive and Negative Factors of Economic Development in Economic History of South Korea

    Park Jong Min

    2017-01-01

    Full Text Available Purpose: the aim of the article is to analyze the Korean economic strategy from the beginning of its development until modern stage. Examination of how this strategy has changed depending on changes within domestic and international economic environment, assumptions, set goals, their effectiveness and significance of all the taken measures. It will demonstrate waypoints for the future economic development and will become a trigger towards recognition of the successful development of the Korean economy by other countries. Methods: the methodological bases of this article are the economic and statistical methods of analysis of the Korean economys, graphical methods displaying economic indicators. Results: economic history of South Korea over the past century shows the positive and negative factors of the development from an economically weak country into a developing country. The history of the Japanese occupation of Korea, lasting from 1910 to 1945, showed that for a country which has lost its national sovereignty, expropriated the state's economy has no effect after the restoration of independence, and that the economy cannot develop in conditions of chaos within the political, economic and social spheres. Even after the establishment of a military dictatorship, it is possible to note that despite limitations of citizens’ rights, the economy can still grow if the people want it. In addition to the development of internal political system, unstable factors in the process of promotion of social reforms and hastily adopted policy of "open doors" in order to enhance the international status are unreasonable political, economic and social changes. In turn, the inability to control currency exchange in Asian countries, which is a policy of economic development, has shown the existence of a risk of national bankruptcy. Moreover, the adoption of policies of excessive decrease of interest rates in order to revive the recession may be counterproductive

  4. Energy price increases and economic development in Malaysia.

    Fong CO

    1984-01-01

    ILO pub-WEP pub. Working paper on the impact of higher energy costs (particularly petroleum price increases) on economic development in Malaysia, 1973 to 1983 - outlines trends in gross domestic product, balance of payments, trade and economic growth; considers household income and fuel expenditure of low income rural communitys; deals with choice of technology and employment in certain high power consumption industries; discusses energy policy implications. Graphs, maps, questionnaires, refe...

  5. Dollars from Sense: The Economic Benefits of Renewable Energy

    1997-09-01

    This document illustrates direct economic benefits, including job creation, of renewable energy technologies. Examples of electricity generation from biomass, wind power, photovoltaics, solar thermal energy, and geothermal energy are given, with emphasis on the impact of individual projects on the state and local community. Employment numbers at existing facilities are provided, including total national employment for each renewable industry where available. Renewable energy technologies offer economic advantages because they are more labor-intensive than conventional generation technologies, and they use primarily indigenous resources.

  6. Economics and yields of energy plantations: Status and potential

    Kenney, W.A.; Gambles, R.L.; Zsuffa, L.

    1992-01-01

    A study was carried out to: determine the factors affecting the cost of energy conversion feedstocks in short rotation intensive culture plantations of trees; determine the factors influencing biomass yield; identify interrelationships between the previous two objectives; present estimates of potential biomass yields and associated economics; and to identify gaps in the knowledge of the economics and yields of biomass production and their interrelationships. Reported costs for most aspects had a wide range. Currently, yields of 10-15 dry Mg/hectare/y are readily achievable. Using the cost and yield data, and assuming a biomass price of $40/dry Mg, a series of cash flow analyses were performed. For the low cost inputs, all scenarios were marginally profitable. For the high cost inputs, none of the scenarios were profitable. A current scenario, using figures for contract farming, was not profitable, however this system would break even with a yield of 23.3 dry Mg/hectare/y, within the range of some production clones. A future scenario using farm labour with increased productivity, product values, and machinery efficiencies yielded a profit-making situation. The addition of incentives increased profitability. There is great potential for the production of woody biomass in Canada as a feedstock for energy and other products. Continued and more intensive breeding and selection to develop high yielding stress tolerant clones, cost efficient harvesting systems, continued research into optimization of planting density, rotation length and cultural techniques, and characterization of promising clones with respect to nutrient-use efficiency, site requirements and pest/disease resistance are important areas for further work. 81 refs., 3 figs., 13 tabs

  7. Energy consumption and economic growth: A causality analysis for Greece

    Tsani, Stela Z.

    2010-01-01

    This paper investigates the causal relationship between aggregated and disaggregated levels of energy consumption and economic growth for Greece for the period 1960-2006 through the application of a later development in the methodology of time series proposed by Toda and Yamamoto (1995). At aggregated levels of energy consumption empirical findings suggest the presence of a uni-directional causal relationship running from total energy consumption to real GDP. At disaggregated levels empirical evidence suggests that there is a bi-directional causal relationship between industrial and residential energy consumption to real GDP but this is not the case for the transport energy consumption with causal relationship being identified in neither direction. The importance of these findings lies on their policy implications and their adoption on structural policies affecting energy consumption in Greece suggesting that in order to address energy import dependence and environmental concerns without hindering economic growth emphasis should be put on the demand side and energy efficiency improvements.

  8. Investigation of international energy economics. [Use of econometric model EXPLOR

    Deonigi, D.E.; Clement, M.; Foley, T.J.; Rao, S.A.

    1977-03-01

    The Division of International Affairs of the Energy Research and Development Administration is assessing the long-range economic effects of energy research and development programs in the U.S. and other countries, particularly members of the International Energy Agency (IEA). In support of this effort, a program was designed to coordinate the capabilities of five research groups--Rand, Virginia Polytechnic Institute, Brookhaven National Laboratory, Lawrence Livermore Laboratory, and Pacific Northwest Laboratory. The program could evaluate the international economics of proposed or anticipated sources of energy. This program is designed to be general, flexible, and capable of evaluating a diverse collection of potential energy (nuclear and nonnuclear) related problems. For example, the newly developed methodology could evaluate the international and domestic economic impact of nuclear-related energy sources, but also existing nonnuclear and potential energy sources such as solar, geothermal, wind, etc. Major items to be included would be the cost of exploration, cost of production, prices, profit, market penetration, investment requirements and investment goods, economic growth, change in balance of payments, etc. In addition, the changes in cost of producing all goods and services would be identified for each new energy source. PNL developed (1) a means of estimating the demands for major forms of energy by country, and (2) a means of identifying results or impacts on each country. The results for each country were then to be compared to assess relative advantages. PNL relied on its existing general econometric model, EXPLOR, to forecast the demand for energy by country. (MCW)

  9. SOCIO-ECONOMIC FACTORS AFFECTING APPLE PRODUCTION ...

    ACSS

    Research Organisation scientists working directly with apple farmers ... be productive up to 40 years, it was more realistic to consider .... to determine the factors that affect apple production. ..... profit maximising model using flexible production ...

  10. Endogenous economic growth, EROI, and transition towards renewable energy

    Victor Court; Pierre-André Jouvet; Frédéric Lantz

    2015-01-01

    Due to their initial lack of emphasis on energy and natural resources, exogenous and endogenous growth models have suffered the same critic regarding the limits to economic growth imposed by finite Earth resources. Thus, various optimal control models that incorporate energy or natural resources have been developed during the last decades. However, in all these models the importance of the Energy Return On Energy Investment (EROI) has never been raised. The EROI is the ratio of the quantity o...

  11. The energy industries reorganization in the economic globalization

    Amouroux, J.M.

    2003-01-01

    The author wonders on the energy supply evolution since thirty years and more specially the fossil fuels industries reconstruction. The energy panorama has been completely modified by a serial of processes which stopped the nuclear energy expansion and replaced the fossil fuels in the front of the energy scene. The processes are examined to evaluate the consequences of theses transformations on the model of economic development developed by the capitalism. (A.L.B)

  12. Energy consumption, carbon emissions and economic growth nexus in Bangladesh: Cointegration and dynamic causality analysis

    Jahangir Alam, Mohammad; Ara Begum, Ismat; Buysse, Jeroen; Van Huylenbroeck, Guido

    2012-01-01

    The paper investigates the possible existence of dynamic causality between energy consumption, electricity consumption, carbon emissions and economic growth in Bangladesh. First, we have tested cointegration relationships using the Johansen bi-variate cointegration model. This is complemented with an analysis of an auto-regressive distributed lag model to examine the results' robustness. Then, the Granger short-run, the long-run and strong causality are tested with a vector error correction modelling framework. The results indicate that uni-directional causality exists from energy consumption to economic growth both in the short and the long-run while a bi-directional long-run causality exists between electricity consumption and economic growth but no causal relationship exists in short-run. The strong causality results indicate bi-directional causality for both the cases. A uni-directional causality runs from energy consumption to CO 2 emission for the short-run but feedback causality exists in the long-run. CO 2 Granger causes economic growth both in the short and in the long-run. An important policy implication is that energy (electricity as well) can be considered as an important factor for the economic growth in Bangladesh. Moreover, as higher energy consumption also means higher pollution in the long-run, policy makers should stimulate alternative energy sources for meeting up the increasing energy demand. - Highlights: ► Dynamic causality among energy and electricity consumption, CO 2 and economic growth. ► Uni-directional causality exists from energy consumption to economic growth. ► Bi-directional causality exists between electricity consumption and economic growth. ► Feedback causality exists between CO 2 emission to energy consumption. ► CO 2 Granger causes economic growth both in the short and in the long-run.

  13. Economic aspects and potentials of renewable energy sources in Germany

    Mannsbart, W.; Reichert, J.

    1992-01-01

    While there is a high theoretical potential for renewable energy sources in Germany, assessing theoretical potentials is more or less like playing with numbers; severe technical shortcomings and economic factors prevent then from being fully achieved. Unsuitable azimuth and slope of roofs, shading, absence of central hot water systems limit the application of collectors. The present storage technology is not suitable for a solar share higher than 50%. Individual space heating is not feasible under local climatic conditions. The broad application of biomass fuels fails because of limited resources. Feeding high amounts of fluctuating electricity generated by wind and photovoltaic systems into utility grids causes stability and storage problems. Insufficient training of installation personnel, lack of incentives for multi-family housing owners and high investment costs hinder the market penetration of renewable energy sources. Drastic cost reductions can only be expected from mass production. Therefore, appropriate policy measures - raised energy prices, as well as, subsidies or tax reliefs are necessary for market breakthrough

  14. Application of economic principles in energy conservation measures

    Bhattacharyya, A

    1976-01-01

    The point of departure for the selection of any energy-conserving policy is the availability of (at least) two practical options or alternatives for policy maker at enterprise level. In real life, in the same point of time, or in the same geographical location, there could be several energy conservation options for the same industrial process. One need only set up a pairwise comparison of two options at a time and answer the question: which option is the most desirable from the energy conservation standpoint. Which option is the most desirable from the purchaser's point of view. If one takes both these factors into account, which option is socially the most desirable. We have explained two economic techniques (Life Cycle Cost (LCC), Market Acceptance) and their integration to compare two systems at a time. To begin with, a policy maker at enterprise level can carry out LCC. As technology progresses over time, Market Acceptance estimation may be warranted. Finally, Cost-Benefit Analysis may be applied to overall evaluation of competing projects which have involvement of large social groups, and wider foreign exchange implications.

  15. Economic modelling of energy services: Rectifying misspecified energy demand functions

    Hunt, Lester C.; Ryan, David L.

    2015-01-01

    Although it is well known that energy demand is derived, since energy is required not for its own sake but for the energy services it produces – such as heating, lighting, and motive power – energy demand models, both theoretical and empirical, often fail to take account of this feature. In this paper, we highlight the misspecification that results from ignoring this aspect, and its empirical implications – biased estimates of price elasticities and other measures – and provide a relatively simple and empirically practicable way to rectify it, which has a strong theoretical grounding. To do so, we develop an explicit model of consumer behaviour in which utility derives from consumption of energy services rather than from the energy sources that are used to produce them. As we discuss, this approach opens up the possibility of examining many aspects of energy demand in a theoretically sound way that have not previously been considered on a widespread basis, although some existing empirical work could be interpreted as being consistent with this type of specification. While this formulation yields demand equations for energy services rather than for energy or particular energy sources, these are shown to be readily converted, without added complexity, into the standard type of energy demand equation(s) that is (are) typically estimated. The additional terms that the resulting energy demand equations include, compared to those that are typically estimated, highlight the misspecification that is implicit when typical energy demand equations are estimated. A simple solution for dealing with an apparent drawback of this formulation for empirical purposes, namely that information is required on typically unobserved energy efficiency, indicates how energy efficiency can be captured in the model, such as by including exogenous trends and/or including its possible dependence on past energy prices. The approach is illustrated using an empirical example that involves

  16. Foreign Direct Investment, Host Country Factors and Economic Growth

    Edna Maeyen Solomon

    2011-01-01

    This paper analyses how the levels of economic development, human capital, financial development and the qualities of the economic and political environments in host countries simultaneously affects the impact of aggregate inflows of Foreign Direct Investment (FDI) on economic growth. Multiple interaction terms are employed between inward FDI and each of the host country factors mentioned above. The System GMM estimator is applied to a panel of 111 countries from 1981 to 2005. The results sho...

  17. Economics of alternative energy supply in New Zealand

    Walker, B. V.

    1977-10-15

    Alternative means of supplying the main categories of energy demand in New Zealand are examined, using a common economic basis. In this context alternative means are defined to include those not presently in significant large-scale use in New Zealand but which have been demonstrated to be broadly technically feasible. Energy demand is conveniently divided into four categories each corresponding to a grade of energy required and each including all relevant demand in households, commerce, and industry. These categories are called low-grade heat, process heat, transport, and high-grade energy. The high-grade energy market is largely satisfied only by electricity and alternative means of supplying electricity are considered by other authors. The remaining categories are discussed. The comparison of alternatives includes a brief examination of how the comparative economics are affected by the economic criteria used and particularly the cash flow discount rate. The results obtained are of scoping accuracy only but some policy implications are suggested.

  18. Energy and economic milestones in Nigeria: Role of nuclear technology

    Dahunsi, S.O.A.

    2011-01-01

    Electric power supply could be the driving force critical to poverty reduction, economic growth and sustainable development in developing countries like Nigeria. Comparative analysis of several promising technologies that could be explored to achieve energy sufficiency however shows that nuclear power is more economically competitive and outstanding despite the relatively high initial capital cost. Furthermore, one of the critical conditions in deciding to invest in a specific electric power technology is the overall cost component of the new technology, nuclear therefore is in many places competitive with other forms of electricity generation. The fundamental attraction is about harnessing the sources of energy which takes cognizance of the environmental effects of burning fossil fuel and its security of supply. This paper therefore highlights the benefits of inclusion of nuclear energy in the Nigeria energy mix, a sine qua non for economic and social development, safer environment, wealth creation and a long term energy security.

  19. An Analysis of energy consumption and economic growth of Cobb-Douglas production function based on ECM

    Guo, Wei-wei

    2018-02-01

    Energy is one of the important factors affecting economic growth, the motive force of the economic development of countries in the world, essential for the world economic development and people’s living material resources, an important resource of the relationship between the national economies. The paper sums up the evaluation and literatures on energy consumption and economic growth at home and abroad, thinks “southern talk” as the energy consumption and economic growth in the time division, makes a series of empirical tests on the relationship between total energy consumption and economic growth in China from 1978 to 1991 and from 1992 to 2016.The results show that total energy consumption is a one-way causal relationship between economic growths in china, Economic growth has a strong dependence on energy, there is a co-integration relationship between energy consumption and economic growth. However, economic growth depends on the energy consumption decreased year by year in China, The way of economic growth is changing from the extensive economic growth mode to intensive mode of economic growth.

  20. Economic potential of magnetic fusion energy

    Henning, C.D.

    1981-01-01

    Scientific feasibility of magnetic fusion is no longer seriously in doubt. Rapid advances have been made in both tokamak and mirror research, leading to a demonstration in the TFTR tokamak at Princeton in 1982 and the tandem mirror MFTF-B at Livermore in 1985. Accordingly, the basis is established for an aggressive engineering thrust to develop a reactor within this century. However, care must be taken to guide the fusion program towards an economically and environmentally viable goal. While the fusion fuels are essentially free, capital costs of reactors appear to be at least as large as current power plants. Accordingly, the price of electricity will not decline, and capital availability for reactor constructions will be important. Details of reactor cost projections are discussed and mechanisms suggested for fusion power implementation. Also discussed are some environmental and safety aspects of magnetic fusion

  1. On the economic attractiveness of renewable energy technologies

    Jaegemann, Cosima

    2014-01-01

    The competitiveness of wind and solar power technologies is often evaluated in public debates by comparing levelized costs of electricity. This is, however, incorrect, as doing so neglects the economic value of technologies. Similarly, renewable energy support schemes are often designed to incentivize investors to only account for the marginal economic costs (MEC) but not for the marginal economic value (MEV el ) of renewable energy technologies, i.e., the revenue from selling electricity on the wholesale market during the unit's technical lifetime. In this paper, it is shown that the net marginal economic costs per kWh (NMEC) - defined as the difference between the MEC and the MEV el per kWh - should serve as the reference when discussing the economic attractiveness of renewable energy technologies. Moreover, renewable energy support schemes should incentivize investments in technologies and regions with the lowest net marginal economic costs per kWh (NMEC), as otherwise excess costs occur. This is demonstrated using the example of Germany and its technology- and region-specific wind and solar power targets for 2020. By applying a linear electricity system optimization model, Germany's technology- and region-specific wind and solar power targets for 2020 are found to cause excess costs of more than 6.6 bn Euro 2010 . These are driven by comparatively high NMEC (low economic attractiveness) of offshore wind and solar power in comparison to onshore wind power in Germany up to 2020.

  2. What determines the exchange rate: economic factors or market sentiment?

    Gregory P. Hopper

    1997-01-01

    Do economic factors influence exchange rates? Or does market sentiment play a bigger role? Are short-run exchange rates predictable? Greg Hopper reviews exchange-rate economics, focusing on what is predictable and what isn't. He also examines the practical implications of exchange-rate theories for currency option pricing, risk management, and portfolio selection.

  3. Technological and Economic Aspects of Wave Energy Harvesting

    Rahul Basu

    2018-01-01

    Full Text Available The geographical regions contiguous to the Indian Ocean, Bay of Bengal and the Arabian Sea are prone to natural disasters and poor electric supply especially in rural and hard to reach coastal regions. Utilization of ocean resources for power generation such as tidal, thermal solar and wind for energy need to be incorporated in a broad framework for the region. Development of ocean-based energy systems can be integrated with early warning networks linked by satellite which can give a few hours to days warning to help mitigate the severity of natural disasters on human life. Ocean-based electricity extraction has; however, remained elusive for various reasons. Interest in these systems resumed after the oil crisis of the 1970’s, but was uncoordinated. Extraction of ocean energy from the kinetic energy of waves and ocean currents depends on various mechanical devices with variable efficiencies. Apart from the efficiency, one must match the output phase of the feeder waveforms with that of the electrical grid. Also, the wavelengths of the typical wave are of the order of a few meters, the interception of which requires large devices. The mechanical efficiency of the turbine extraction system is further limited by the flow momentum considerations. Some applications and their implementation are looked at, specifically with reference to the difficulties of implementation in the region, and other factors like economic efficiency (rate of returns in place of mechanical efficiency. Individual wave energy harvesters are thus bound to suffer from inefficiencies and it may be beneficial to use wave farm configurations from the point of view of the randomness of wave motion, the large wavelengths, and the added advantage of averaging fluctuations from large numbers of generators.

  4. The impact and determinants of the energy paradigm on economic growth in European Union.

    Andrei, Jean Vasile; Mieila, Mihai; Panait, Mirela

    2017-01-01

    Contemporary economies are strongly reliant on energy and analyzing the determining factors that trigger the changes in energy paradigm and their impact upon economic growth is a topical research subject. Our contention is that energy paradigm plays a major role in achieving the sustainable development of contemporary economies. In order to prove this the panel data methodology of research was employed, namely four panel unit root tests (LLC, IPS, F-ADF and F-PP) aiming to reveal the connections and relevance among 17 variables denoting energy influence on economic development. Moreover, it was introduced a specific indicator to express energy consumption per capita. Our findings extend the classical approach of the changes in energy paradigm and their impact upon economic growth and offer a comprehensive analysis which surpasses the practices and policy decisions in the field.

  5. Coal: an economic source of energy

    Ali, I.; Ali, M.M.

    2001-01-01

    Coal, in spite its abundance availability in Pakistan, is a neglected source of energy. Its role as fuel is not more than five percent for the last four decades. Some of the coal, mined, in used as space heating in cold areas of Pakistan but more than 90% is being used in brick kilns. There are 185 billion tonnes of coal reserves in the country and hardly 3 million tonnes of coal is, annually, mined. Lakhra coal field is, presently, major source of coal and is considered the largest productive/operative coal field of Pakistan. It is cheaper coal compared to other coals available in Pakistan. As an average analysis of colas of the country, it shows that most of the coals are lignitic in nature with high ash and sulfur content. The energy potential is roughly the same but the cost/ton of coal is quite different. It may be due to methods of mining. There should be some criteria for fixing the cost of the coal. It should be based on energy potential of unit mass of coal. (author)

  6. Economic and financial aspects of geothermal energy utilization

    Gazo, F.M.; Datuin, R.

    1990-01-01

    This paper reports on the historical development of geothermal energy in the Philippines, its present status and future possibilities. It also illustrates the average power generation and utilization from primary energy sources (hydro, oil, coal, and geothermal energy) in the country from 1981 to 1988. A comparison is made between electricity generating costs and results of operations from these power sources, showing that geothermal energy utilization is very competitive. Moreover, it also discusses the economic viability of geothermal energy utilization as a result of separate studies conducted by World Bank and an Italian energy consulting firm

  7. Social and economic factors influencing the patronage and use of ...

    economic factors such as cost, effectiveness, availability, safety of the product, educational level, average monthly income, age and sex affect the patronage and use of traditional medicine. Keywords: Complementary and alternative medicine, ...

  8. Hollywood's Conversion to Color: The Technological, Economic and Aesthetic Factors.

    Kindem, Forham A.

    1979-01-01

    Discusses the film industry's conversion to color cinematography in the period between the 1920s and 1960s. Cites economic considerations, technological modifications, and aesthetic preferences by audiences as factors in this development. (JMF)

  9. Energy expenditure, economic growth, and the minimum EROI of society

    Fizaine, Florian; Court, Victor

    2016-01-01

    We estimate energy expenditure for the US and world economies from 1850 to 2012. Periods of high energy expenditure relative to GDP (from 1850 to 1945), or spikes (1973–74 and 1978–79) are associated with low economic growth rates, and periods of low or falling energy expenditure are associated with high and rising economic growth rates (e.g. 1945–1973). Over the period 1960–2010 for which we have continuous year-to-year data for control variables (capital formation, population, and unemployment rate) we estimate that, statistically, in order to enjoy positive growth, the US economy cannot afford to spend more than 11% of its GDP on energy. Given the current energy intensity of the US economy, this translates in a minimum societal EROI of approximately 11:1 (or a maximum tolerable average price of energy of twice the current level). Granger tests consistently reveal a one way causality running from the level of energy expenditure (as a fraction of GDP) to economic growth in the US between 1960 and 2010. A coherent economic policy should be founded on improving net energy efficiency. This would yield a “double dividend”: increased societal EROI (through decreased energy intensity of capital investment), and decreased sensitivity to energy price volatility. - Highlights: •We estimate energy expenditures as a fraction of GDP for the US, the world (1850–2012), and the UK (1300–2008). •Statistically speaking, the US economy cannot afford to allocate more than 11% of its GDP to energy expenditures in order to have a positive growth rate. •This corresponds to a maximum tolerable average price of energy of twice the current level. •In the same way, US growth is only possible if its primary energy system has at least a minimum EROI of approximately 11:1.

  10. Position Of Hydrogen Energy In Latvian Economics

    Vanags, M.; Kleperis, J.

    2007-01-01

    Full text: World energy resources are based on fossil fuels mostly (coal, oil, gas) which don't regenerate and will be run low after 30-80 years. Therefore it is necessary to elaborate alternative energy sources today. Also Latvia's energy balance is based mostly on the burning of fossil fuels and importing it from neighbor countries. One from much outstanding alternative energy sources is hydrogen. Hydrogen itself is a very important and most common element in the universe. Only hydrogen obtained from water and burnt in fuel cell back to water will be the renewed and sustainable fuel. There are hundred years old history of hydrogen related researches in Latvia, and there are researchers nowadays here trying to incorporate Latvia in the Hydrogen Society. The power supply in Latvia is based on local resources - water, wind, biogas (partly from waste), wood, peat, and on imported resources (natural gas, natural liquid gas, oil products (including heavy black oil) and coal. Total demand for electricity in Latvia only partly (63% in 2002) is covered with that produced on the site. If energy for heating in Latvia is produced from fossil fuels mostly (natural gas and heavy oil), than more than half of electricity produced in Latvia are based on local renewable resources. The water resources for the production of electricity in Latvia are almost exhausted - there are 3 large HEPS on Daugava River and more than 100 small HEPS on different rivers all over the Latvia. The building of small power stations in Latvia was accelerated very much after introduction of 'double tariff' for electricity from renewable, but from 2003 this time is over. Unfortunately directly power stations on small rivers made very big ecological distress on country side and no more expansion is welcome. The landfill gas in Latvia is a new resource and would result in additional capacity of 50 MW energy. Nowadays two projects started to realize for gas extraction from Getlini (Riga) and Grobina (Liepaja

  11. Techno-economic evaluation of various electric energy supply for rural areas Pakistan

    Nagdev, A.J.; Samo, S.R.

    1994-01-01

    A diagnostic study was carried out to evaluate the techno-economic viability of various electric supply sources for electrification of rural areas in Pakistan in present socio-economic conditions. The important influencing factors considered were: social needs, electric requirement and availability of energy resources. The electric requirements of model rural village were established at 20431 kw h per year. Prudent evaluations reveal that hydroelectric, photovoltaic and diesel systems are better options than an electric grid extension of more than 2 km. In order to become an economically meritorious energy source, photovoltaic system should attain cost level Rs. 100 per watt-peak of installed system. (author)

  12. Methodology for reliability, economic and environmental assessment of wave energy

    Thorpe, T.W.; Muirhead, S.

    1994-01-01

    As part of the Preliminary Actions in Wave Energy R and D for DG XII's Joule programme, methodologies were developed to facilitate assessment of the reliability, economics and environmental impact of wave energy. This paper outlines these methodologies, their limitations and areas requiring further R and D. (author)

  13. Energy consumption, pollutant emissions and economic growth in South Africa

    Menyah, Kojo [London Metropolitan Business School, London Metropolitan University (United Kingdom); Wolde-Rufael, Yemane [Independent Researcher (United Kingdom)

    2010-11-15

    This paper examines the long-run and the causal relationship between economic growth, pollutant emissions and energy consumption for South Africa for the period 1965-2006 in a multivariate framework which includes labour and capital as additional variables. Using the bound test approach to cointegration, we found a short-run as well as a long-run relationship among the variables with a positive and a statistically significant relationship between pollutant emissions and economic growth. Further, applying a modified version of the Granger causality test we also found a unidirectional causality running from pollutant emissions to economic growth; from energy consumption to economic growth and from energy consumption to CO{sub 2} emissions all without a feedback. The econometric evidence suggests that South Africa has to sacrifice economic growth or reduce its energy consumption per unit of output or both in order to reduce pollutant emissions. In the long-run however, it is possible to meet the energy needs of the country and at the same time reduce CO{sub 2} emissions by developing energy alternatives to coal, the main source of CO{sub 2} emissions. However, the econometric results upon which the policy suggestions are made should be interpreted with care, as they may not be sufficiently robust enough to categorically warrant the choice of an unpalatable policy option by South Africa. (author)

  14. Questions of economics. [solar energy conversion

    Graeff, P

    1976-05-01

    The essay deals with questions of profitability in connection with the use of solar energy to heat buildings or to prepare hot water. The total problem is approached from 3 points of view: 1. General national economy point of view: Judgment by politicians determines the possibilities of support by the government. 2. The business economy aspect: Here the most important matter is to construct the plants with dimensions permitting to obtain the highest profits possible. 3. The financing model: possible incentives must be taken into consideration as well as technical aspects, e.g. the service life of the plants.

  15. Brick industry: Technical and economic assessment of energy saving measures

    Florio, G.; Romeo, G. (Calabria Univ., Arcavacata di Rende (Italy). Dipt. di Meccanica)

    Starting from a detailed energy analysis of the production cycle of bricks, the authors make a technical and economic assessment of any possible measure aimed at rationalizing energy. They take energy conservation into consideration not only through the use of exhausted oil residues, but also through the employment of a turboalternator or an internal combustion engine for cogeneration. Both applications of cogeneration prove to be highly interesting from an economic viewpoint even though the turboalternator is put at a disadvantage in competing with internal combustion engines since it increases the overall cogeneration plant costs with respect to the latter.

  16. Clean energy, non-clean energy, and economic growth in the MIST countries

    Pao, Hsiao-Tien; Li, Yi-Ying; Hsin-Chia Fu

    2014-01-01

    This paper explores the causal relationship between clean (renewable/nuclear) and non-clean energy consumption and economic growth in emerging economies of the MIST (Mexico, Indonesia, South Korea, and Turkey) countries. The panel co-integration tests reveal that there is a long-term equilibrium relationship among GDP, capital formation, labor force, renewable/nuclear, and fossil fuel energy consumption. The panel causality results indicate that (1) there is a positive unidirectional short-run causality from fossil fuel energy consumption to economic growth with a bidirectional long-run causality; (2) there is a unidirectional long-run causality from renewable energy consumption to economic growth with positive bidirectional short-run causality, and a long-run causality from renewable to fossil fuel energy consumption with negative short-run feedback effects; and (3) there is a bidirectional long-run causality between nuclear energy consumption and economic growth and a long-run causality from fossil fuel energy consumption to nuclear energy consumption with positive short-run feedback effects. These suggest that MIST countries should be energy-dependent economies and that energy conservation policies may depress their economic development. However, developing renewable and nuclear energy is a viable solution for addressing energy security and climate change issues, and creating clean and fossil fuel energy partnerships could enhance a sustainable energy economy. - Highlights: • This novel study can provide more robust bases to strengthen sustainable energy policy settings. • Fossil fuel/nuclear energy use and economic growth is bidirectional causality. • Renewable energy consumption long term causes economic growth. • There is substitutability between renewable and fossil fuel energy. • Clean and non-clean energy partnerships can achieve a sustainable energy economy

  17. The uranium market - economic and political factors

    Price, T.

    1978-01-01

    This is an article by the Secretary General of the Uranium Institute, who is also Head of the Reactor Development Divisiion, UKAE, Winfrith. Estimates are given of the demand for uranium up to 1990 and factors likely to affect it are considered. Estimates of production up to 1985 show that it should be able to keep pace with demand until late in the eighties. The world potential for production after 1985 is examined from the viewpoint of resource availability exploration, price and government policies. (author)

  18. Asia energy mixes from socio-economic and environmental perspectives

    Thavasi, V.; Ramakrishna, S.

    2009-01-01

    Sustainable clean energy is the top social, economic, and environmental agenda of political leaders, policy makers, enlightened business executives, and civil society in Asia. Strong economic growth in Asia has caused a great demand for energy which has resulted in an enormous increase in CO 2 emissions. The association of Southeast Asian nations (ASEAN), India, China, South Korea and Japan are the most important regions in Asia as their economies have been growing steadily. These countries though heavily dependent on fossil fuels have stepped up their measures towards low-carbon society amid domestic affordability challenges and changing global mindset. This report highlights the current energy scenario in these countries and their effort towards an affordable and sustainable clean energy future. The energy policy to enhance energy security and improve environmental sustainability is also explicated in this article. (author)

  19. Energy and economic growth in the USA: a multivariate approach

    Stern, D.I.

    1993-01-01

    This paper examines the casual relationship between Gross Domestic Product and energy use for the period 1947-90 in the United States of America. The relationship between energy use and economic growth has been examined by both biophysical and neoclassical economists. In particular, several studies have tested for the presence of a causal relationships (in the Granger sense) between energy use and economic growth. However, these tests do not allow a direct test of the relative explanatory powers of the neoclassical and biophysical models. A multivariate adaptation of the test-vector autoregression (VAR) does allow such a test. A VAR of GDP, energy use, capital stock and employment is estimated and Granger tests for causal relationships between the variables are carried out. Although there is no evidence that gross energy use Granger causes GDP, a measure of final energy use adjusted for changing fuel composition does Granger cause GDP. (author)

  20. The economics of energy market transformation programs

    Duke, R.; Kammen, D.M.

    1999-01-01

    This paper evaluates three energy-sector market transformation programs: the US Environmental Protection Agency's Green Lights program to promote on-grid efficient lighting; the World Bank Group's new Photovoltaic Market Transformation Initiative; and the federal grain ethanol subsidy. The authors develop a benefit-cost model that uses experience curves to estimate unit cost reductions as a function of cumulative production. Accounting for dynamic feedback between the demand response and price reductions from production experience raises the benefit-cost ratio (BCR) of the first two programs substantially. The BCR of the ethanol program, however, is approximately zero, illustrating a technology for which subsidization was not justified. Their results support a broader role for market transformation programs to commercialize new environmentally attractive technologies, but the ethanol experience suggests moderately funding a broad portfolio composed of technologies that meet strict selection criteria

  1. Solar Energy Education. Home economics: student activities. Field test edition

    1981-03-01

    A view of solar energy from the standpoint of home economics is taken in this book of activities. Students are provided information on solar energy resources while performing these classroom activities. Instructions for the construction of a solar food dryer and a solar cooker are provided. Topics for study include window treatments, clothing, the history of solar energy, vitamins from the sun, and how to choose the correct solar home. (BCS)

  2. ENERGY EFFICIENCY. TRENDS AND INFLUENCE FACTORS

    Zizi GOSCHIN

    2006-12-01

    Full Text Available Energy efficiency is correlated with many factors of influence: Gross National Income per capita, energy imports (% of energy use, renewable combustible and waste (% of total, energy use per capita, services as % of GDP and others. In this paper we are testing a model of piecewise linear regression with breakpoint in order to measure the influence of these factors on the variation of GDP per unit of energy use in Europe in the year 2003.

  3. Energy consumption and economic growth revisited in African countries

    Eggoh, Jude C., E-mail: comlanvi-jude.eggoh@univ-orleans.fr [Laboratoire d' Economie d' Orleans (LEO), Universite d' Orleans, Rue de Blois, BP: 6739, 45067 Orleans Cedex 2 (France); Bangake, Chrysost [Laboratoire d' Economie d' Orleans (LEO), Universite d' Orleans, Rue de Blois, BP: 6739, 45067 Orleans Cedex 2 (France); Universite d' Artois and Laboratoire EQUIPPE, Lille 1, FSES, 59655 Villeneuve d' Ascq Cedex (France); Rault, Christophe [Laboratoire d' Economie d' Orleans (LEO), Universite d' Orleans, Rue de Blois, BP: 6739, 45067 Orleans Cedex 2 (France); Toulouse Business School (France)

    2011-11-15

    The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests. The countries are divided into two groups: net energy importers and net energy exporters. It is found that there exists a long-run equilibrium relationship between energy consumption, real GDP, prices, labor and capital for each group of countries as well as for the whole set of countries. This result is robust to possible cross-country dependence and still holds when allowing for multiple endogenous structural breaks, which can differ among countries. Furthermore, we find that decreasing energy consumption decreases growth and vice versa, and that increasing energy consumption increases growth, and vice versa, and that this applies for both energy exporters and importers. Finally, there is a marked difference in the cointegration relationship when country groups are considered. - Highlights: > We assess the energy consumption and economic growth nexus in 21 African countries. > There exists a long-run relationship between energy consumption and economic growth. > This result is robust to cross-country dependence and for structural breaks. > Our findings finally support the feedback hypothesis of bidirectional causality.

  4. Socio-Economic Assessment of Fusion Energy Research, Development, Demonstration and Deployment Programme

    Bednyagin, Denis

    2010-01-01

    Providing safe, clean and affordable energy supply is essential for meeting the basic needs of human society and for supporting economic growth. From the historical perspective, the constantly growing energy use was one of the main factors, which drove the industrialised countries to the current level of prosperity. Meanwhile, in recent decades, the issue of global energy security became a topic of increasing concern in the international policy agenda...

  5. Achieving a secure energy future: Environmental and economic issues

    Pimentel, David; Herdendorf, M.; Eisenfeld, S.

    1994-01-01

    Energy, economics, and the environment are interdependent. Land, water, atmospheric, and biological resources are being degraded by current high energy consumption. U.S. energy consumption is the highest in the world and the U.S. Department of Energy reports that the United States has only about 10 years of known and potentially discoverable oil reserves. The U.S. should reduce its energy consumption by one half to help restore the quality of the environment while improving the American standard of living by strengthening the economy and increasing the number of jobs. Because of the interdependence of energy, economics, and the environment, energy efficiency and transition to renewable energy sources are critical. An estimated 40% of current energy consumption could be produced employing solar energy technologies, but would require about 20% of total U.S. land area. Therefore, the development of solar energy technologies to substitute for fossil energy is projected to compete for land required for agriculture and forestry as well as have other environmental impacts

  6. Economic MPC for a linear stochastic system of energy units

    Jørgensen, John Bagterp; Sokoler, Leo Emil; Standardi, Laura

    2016-01-01

    This paper summarizes comprehensively the work in four recent PhD theses from the Technical University of Denmark related to Economic MPC of future power systems. Future power systems will consist of a large number of decentralized power producers and a large number of controllable power consumers...... in addition to stochastic power producers such as wind turbines and solar power plants. Control of such large scale systems requires new control algorithms. In this paper, we formulate the control of such a system as an Economic Model Predictive Control (MPC) problem. When the power producers and controllable...... power consumers have linear dynamics, the Economic MPC may be expressed as a linear program. We provide linear models for a number of energy units in an energy system, formulate an Economic MPC for coordination of such a system. We indicate how advances in computational MPC makes the solutions...

  7. The multi-factor energy input–output model

    Guevara, Zeus; Domingos, Tiago

    2017-01-01

    Energy input–output analysis (EIO analysis) is a noteworthy tool for the analysis of the role of energy in the economy. However, it has relied on models that provide a limited description of energy flows in the economic system and do not allow an adequate analysis of energy efficiency. This paper introduces a novel energy input–output model, the multi-factor energy input–output model (MF-EIO model), which is obtained from a partitioning of a hybrid-unit input–output system of the economy. This model improves on current models by describing the energy flows according to the processes of energy conversion and the levels of energy use in the economy. It characterizes the vector of total energy output as a function of seven factors: two energy efficiency indicators; two characteristics of end-use energy consumption; and three economic features of the rest of the economy. Moreover, it is consistent with the standard model for EIO analysis, i.e., the hybrid-unit model. This paper also introduces an approximate version of the MF-EIO model, which is equivalent to the former under equal energy prices for industries and final consumers, but requires less data processing. The latter is composed by two linked models: a model of the energy sector in physical units, and a model of the rest of the economy in monetary units. In conclusion, the proposed modelling framework improves EIO analysis and extends EIO applications to the accounting for energy efficiency of the economy. - Highlights: • A novel energy input–output model is introduced. • It allows a more adequate analysis of energy flows than current models. • It describes energy flows according to processes of energy conversion and use. • It can be used for other environmental applications (material use and emissions). • An approximate version of the model is introduced, simpler and less data intensive.

  8. Factors influencing economic performance of the South Moravian Region

    Iva Živělová

    2011-01-01

    Full Text Available The paper deals with selected factors influencing economic performance of the South Moravian Region in the years 2003–2009. The economic performance of the region is evaluated by means of a contribution to the Gross Domestic Product of the Czech Republic. Considering the fact that the level of economic activity depends on the exploitation rate of production factors in the considered region, both development of soil exploitation rate and development of labour market indicators correlated with working force utilization are analysed, a number of employed adults and registered unemployment are taken into consideration. Attention is paid to the economic activity rate. The formation of the Gross Fixed Capital, which an assumption of favourable economic performance, and development of Gross Added Value are evaluated.All the regions nowadays fumble with the negative impacts of the economic crisis. According to the analysis of the economic performance of the South Moravian Region and the analysis of the factors influencing this performance, it could be stated, that the development of the South Moravian Region could be evaluated quite positively.

  9. The Energetics of Economics (Money as access to Energy)

    Ternyik, Stephen I.

    2013-01-01

    Money is being portrayed as temporal access to energy and a new methodical approach to the energetics of the human economy is introduced.The economic evolution of world system energetics is put into the historical focus of all global monetary civilization, reaching back to Sumerian city states.This long wave energetics of human economic action clearly points to the biophysical boundaries of the globalized monetary production economy which is also based on natural law.The future perspective of...

  10. Essays in environmental and energy economics

    Hancevic, Pedro I.

    Chapter 1: I measure the impact of the 1990 Clean Air Act Amendment on the productivity and output of US coal-fired power generating units. The Act led to power units adopting a number of different pollution abating behaviors, one of which was an input change to lower SO2 emitting coal. A key feature of coal generating units is each one is designed to burn a particular variety of coal, with significant deviations from the targeted coal characteristics resulting in productivity loss. The main innovation is to quantify the effect that switching to cleaner coal had on productivity, output and generation costs. With data spanning over twenty one years, I first compute the unconstrained coal type of each unit and document ensuing deviations caused by switching to cleaner coal. I then incorporate the effect of this deviation directly into a production function to explicitly quantify the resulting productivity loss. Chapter 2: Since the 1990-CAAA was implemented and a market for SO2 emission permits was established, coal-fired power generating units have had to choose among three main compliance alternatives: i) burn high-sulfur coal and buy additional permits to cover the excess emissions, ii) retrofit the boiler and convert it to low-sulfur coal, or iii) adopt a flue gas desulfurization unit (scrubber). The decision problem has dynamic implications driven by the evolution of input, output, and allowance prices and is revised whenever significant changes in the industry occur. I assume output level is randomly and exogenously assigned to each boiler and estimate a structural dynamic discrete choice model to recover the relative compliance costs. Chapter 3: We study a cycle of subsidized energy prices and estimate its welfare impact on households in the Buenos Aires Metropolitan Region. A simple framework explains its emergence in terms of the preference of a median household (voter) for receiving transfer gains followed by a future flow of transfer losses. We evaluate

  11. Energy, Economic Growth and Environmental Sustainability: Five Propositions

    Steven Sorrell

    2010-06-01

    Full Text Available This paper advances five linked and controversial propositions that have both deep historical roots and urgent contemporary relevance. These are: (a the rebound effects from energy efficiency improvements are significant and limit the potential for decoupling energy consumption from economic growth; (b the contribution of energy to productivity improvements and economic growth has been greatly underestimated; (c the pursuit of improved efficiency needs to be complemented by an ethic of sufficiency; (d sustainability is incompatible with continued economic growth in rich countries; and (e a zero-growth economy is incompatible with a fractional reserve banking system. These propositions run counter to conventional wisdom and each highlights either a "blind spot" or "taboo subject" that deserves closer scrutiny. While accepting one proposition reinforces the case for accepting the next, the former is neither necessary nor sufficient for the latter.

  12. From partial to total economic analysis. Five applications to environmental and energy economics

    Hoffmann, T.

    2006-05-04

    The studies presented in this thesis address the consequences of market distortions of governmental policies - predominantly in the area of environmental and energy policy. The studies cover different economic aggregation levels: The first study aims at investigating firm-level effects. Thus, the results refer only to a small number of well-defined economic entities, e.g. electricity supply companies in Germany. Subsequently, issues - such as the evaluation of efficiency effects of the European Emissions Trading system - are addressed on a multi-sectoral and multi-regional level, but still only one market is considered. Thereupon, the scope of investigation is broadened by interactions of different markets - e.g. as in the case of the economic evaluation of renewable energy promotion strategies. Finally, a general equilibrium analysis of a European nuclear phase-out scenario covers all economic feed-backs on the national and international level. (orig.) 5.

  13. Economic benefits of power factor correction at a nuclear facility

    Boger, R.M.; Dalos, W.; Juguilon, M.E.

    1986-01-01

    The economic benefits of correcting poor power factor at an operating nuclear facility are shown. A project approach for achieving rapid return of investment without disrupting plant availability is described. Examples of technical problems associated with using capacitors for power factor correction are presented

  14. Political and economic factors of late transition in Serbia

    Josifidis Kosta L.

    2004-01-01

    Full Text Available The transition in Serbia is late, from the aspects of both its start and course. The initial conditionality, strategy, sequentially, prospects and results shape transition profile. Key factors of the late transition are grouped within a complex of political and economic factors, which are themselves ambivalent - their external and internal effects are evident. An institutional vacuum is especially limiting complex, with a significant influence on the political and economic aspects of the transition. An analysis of the two groups of intertwined factors serves as a basis for making a projection of future course and reform dynamics in Serbia. Different scenarios are present. An increase or decrease in the transition dynamics is conditioned by elimination of negative impacts of political and economic factors, i.e. by promotion of positive aspects of the solutions.

  15. Energy demand, economic growth, and energy efficiency - the Bakun dam-induced sustainable energy policy revisited

    Keong, C.Y.

    2005-01-01

    In embarking on a dynamic course of economic development and industrial modernism, Malaysia sees the need to increase its electricity generation capacity through the development of a mega-dam project - the Bakun dam. Although hydroelectricity generation offers one of the benign options in accommodating the increasing energy consumption per capita in Malaysia, it is argued that the construction of Bakun's dam which involves a complete and irreversible destruction of 69,640 ha of old forest ecosystem remains a difficult and uncertain endeavour. It is further argued that apart from mega-dam technology, there are also other means to orchestrate a sustainable energy system in Malaysia. These include the implementation of demand and supply initiatives, such as the deployment of energy saving technology or influencing behavioral change towards a sustainable energy consumption pattern

  16. China's energy consumption under the global economic crisis: Decomposition and sectoral analysis

    Li, Fangyi; Song, Zhouying; Liu, Weidong

    2014-01-01

    It is now widely recognized that there is a strong relationship between energy consumption and economic growth. Most countries′ energy demands declined during the economic depression of 2008–2009 when a worldwide economic crisis occurred. As an export-oriented economy, China suffered a serious exports decline in the course of the crisis. However, it was found that energy consumption continued to increase. Against such a background, this paper aims to assess and explain the factors causing the growth of energy consumption in China. First, we will explain the impact of domestic final use and international trade on energy consumption by using decomposition analysis. Second, embodied energy and its variation across sectors are quantified to identify the key sectors contributing to the growth. Lastly, the policy implications for long-term energy conservation are discussed. The results show that the decline in exports was one of the driving forces for energy consumption reduction in the crisis, but that the growth of domestic demand in manufacturing and construction, largely stimulated by economic stimulus plans, had the opposite effect on energy consumption. International trade contributed to decreasing energy consumption of China during and after the crisis because the structure of exports and imports changed in this period. - Highlights: • We analyze the reasons for China's energy consumption change under the global economic crisis during 2007–2010. • Domestic final use growth, especially in construction and manufacturing of machinery and equipment, resulted in energy consumption increase. • International trade is identified as a driver of energy consumption reduction during and after the crisis. • Increasing China's share of consumption or reducing its share of investment in the GDP can reduce national energy intensity

  17. Energy-Using Durables – Why Consumers Refrain from Economically Optimal Choices

    Schubert, Renate, E-mail: schubert@econ.gess.ethz.ch; Stadelmann, Marcel [ETH Zürich, Zürich (Switzerland)

    2015-02-23

    Sustainable development requires increasing the energy efficiency, decreasing the growth rates of energy demand, and decreasing the CO{sub 2} emissions. In many countries, households’ energy consumption is responsible for a considerable share of total energy demand and CO{sub 2} emissions. Energy-using durables are essential in this context. Aiming at sustainability, private households should buy more energy-efficient durables and use them in a more efficient way. In principle, it might even be economically optimal to buy the more energy-efficient products, since they result in lower total costs over their lifetime – thus resulting in a positive net present value (NPV). However, when observing private households’ purchase decisions, they often do not correspond to the economic optimum, resulting in an “energy-efficiency gap.” This paper investigates into the reasons for the persistence of such a gap between energy-efficient products that would be economically optimal – but from which consumers refrain – and less energy-efficient products that consumers actually own or buy although they entail larger life-cycle costs. Factors, which seem to deter private households from purchasing energy-efficient products with positive NPVs, are, for example, insufficient information, limited attention, or inertia. We will show how these and other factors hinder private households from identifying and realizing their economically optimal choices and how such barriers can be overcome. We will present how properly designed energy labels could help to overcome the information-related causes of inefficiently low energy-efficiency investments and provide some additional policy recommendations that could help reaching the aforementioned goal of a reduction of households’ energy demand and CO{sub 2} emissions in an adequate way.

  18. Energy-Using Durables – Why Consumers Refrain from Economically Optimal Choices

    Schubert, Renate; Stadelmann, Marcel

    2015-01-01

    Sustainable development requires increasing the energy efficiency, decreasing the growth rates of energy demand, and decreasing the CO 2 emissions. In many countries, households’ energy consumption is responsible for a considerable share of total energy demand and CO 2 emissions. Energy-using durables are essential in this context. Aiming at sustainability, private households should buy more energy-efficient durables and use them in a more efficient way. In principle, it might even be economically optimal to buy the more energy-efficient products, since they result in lower total costs over their lifetime – thus resulting in a positive net present value (NPV). However, when observing private households’ purchase decisions, they often do not correspond to the economic optimum, resulting in an “energy-efficiency gap.” This paper investigates into the reasons for the persistence of such a gap between energy-efficient products that would be economically optimal – but from which consumers refrain – and less energy-efficient products that consumers actually own or buy although they entail larger life-cycle costs. Factors, which seem to deter private households from purchasing energy-efficient products with positive NPVs, are, for example, insufficient information, limited attention, or inertia. We will show how these and other factors hinder private households from identifying and realizing their economically optimal choices and how such barriers can be overcome. We will present how properly designed energy labels could help to overcome the information-related causes of inefficiently low energy-efficiency investments and provide some additional policy recommendations that could help reaching the aforementioned goal of a reduction of households’ energy demand and CO 2 emissions in an adequate way.

  19. Integration of hydrothermal-energy economics: related quantitative studies

    1982-08-01

    A comparison of ten models for computing the cost of hydrothermal energy is presented. This comparison involved a detailed examination of a number of technical and economic parameters of the various quantitative models with the objective of identifying the most important parameters in the context of accurate estimates of cost of hydrothermal energy. Important features of various models, such as focus of study, applications, marked sectors covered, methodology, input data requirements, and output are compared in the document. A detailed sensitivity analysis of all the important engineering and economic parameters is carried out to determine the effect of non-consideration of individual parameters.

  20. Does energy efficiency improve technological change and economic growth in developing countries?

    Cantore, Nicola; Calì, Massimiliano; Velde, Dirk Willem te

    2016-01-01

    Does a trade-off exist between energy efficiency and economic growth? This question underlies some of the tensions between economic and environmental policies, especially in developing countries that often need to expand their industrial base to grow. This paper contributes to the debate by analyzing the relationship between energy efficiency and economic performance at the micro- (total factor productivity) and macro-level (countries' economic growth). It uses data on a large sample of manufacturing firms across 29 developing countries to find that lower levels of energy intensity are associated with higher total factor productivity for the majority of these countries. The results are robust to a variety of checks. Suggestive cross-country evidence points towards the same relation measured at the macro-level as well. - Highlights: •Total factor productivity is an accurate proxy of technological change. •Energy efficiency triggers total factor productivity especially in manufacturing. •Technological change via energy efficiency in manufacturing is an engine of growth.

  1. Institutional factor in international economic activity of region and its socio-economic development

    Elena Leonidovna Andreeva

    2016-12-01

    Full Text Available The article substantiates the impact of the institutional factor on the development of regional international economic relations. The scope of the study is regional international economic activity (IEA, the subject-matter is the role of the institutional factor in its development. The study purpose is to develop a scientific approach for the assessment of the institutional factor impact on the development of region’s international economic relations. The hypothesis is that the targeted efforts of all participants of IEA of the region (business, authorities, local community to strengthen of theese components of the institutional factor, which have a strong influence on the regional socio-economic development. A methodological approach for the assessment of this influenceis developed. It includes determining three elements of IEA institutionalization—agreements, organizations, events. A three-dimensional model is proposed for the coordination of these elements with 3 groups of countries—developed, developing and CIS, including the Eurasian Economic Union, and also with basic indexes characterizing the qualitative and quantitative contribution of region’s IEA into its socio-economic development. This model is tested on the example of the Sverdlovsk region of Russia for 2003–2015. That has allowed to define various kinds of the effects from strenthening the IEA institutional component, which are expressed in the increase of the export of the region, improvement of its investment attractiveness, the diversification of regional economy as well as the the generation of additional jobs and tax flows increase.

  2. Ranking factors of an investment in cogeneration: sensitivity analysis ranking the technical and economical factors

    Sundberg, Gunnel

    2001-01-01

    A deregulation of the electricity market in Europe will result in increased competition among the power-producing companies. They will therefore carefully estimate the financial risk in an investment in new power-producing capability. One part of the risk assessment is to perform a sensitivity analysis. This paper presents a sensitivity analysis using factorial design, resulting in an assessment of the most important technical and economical factors affecting an investment in gas turbine combined cycle and a steam cycle fired by wood chips. The study is performed using a simulation model that optimises the operation of existing power plants and potential new investments to fulfil the desired heat demand. The local utility system analysed is a Swedish district heating system with 655 GWh y -1 heat demand. The conclusion is that to understand which of the technical and economical factors affect the investment, it is not sufficient to investigate the parameters of the studied plant, but also the parameters related to the competing plants. Both the individual effects of the factors and the effect of their interaction should be investigated. For the energy system studied the price of natural gas, price of wood chips and investment cost have the major influence on the profitability of the investment. (Author)

  3. Towards low carbon business park energy systems: Classification of techno-economic energy models

    Timmerman, Jonas; Vandevelde, Lieven; Van Eetvelde, Greet

    2014-01-01

    To mitigate climate destabilisation, human-induced greenhouse gas emissions urgently need to be curbed. A major share of these emissions originates from the industry and energy sectors. Hence, a low carbon shift in industrial and business park energy systems is called for. Low carbon business parks minimise energy-related carbon dioxide emissions by maximal exploitation of local renewable energy production, enhanced energy efficiency, and inter-firm heat exchange, combined in a collective energy system. The holistic approach of techno-economic energy models facilitates the design of such systems, while yielding an optimal trade-off between energetic, economic and environmental performances. However, no models custom-tailored for industrial park energy systems are detected in literature. In this paper, existing energy model classifications are scanned for adequate model characteristics and accordingly, a confined number of models are selected and described. Subsequently, a practical typology is proposed, existing of energy system evolution, optimisation, simulation, accounting and integration models, and key model features are compared. Finally, important features for a business park energy model are identified. - Highlights: • A holistic perspective on (low carbon) business park energy systems is introduced. • A new categorisation of techno-economic energy models is proposed. • Model characteristics are described per model category. • Essential model features for business park energy system modelling are identified. • A strategy towards a techno-economic energy model for business parks is proposed

  4. Economic growth and energy regulation in the environmental Kuznets curve.

    Lorente, Daniel Balsalobre; Álvarez-Herranz, Agustín

    2016-08-01

    This study establishes the existence of a pattern of behavior, between economic growth and environmental degradation, consistent with the environmental Kuznets curve (EKC) hypothesis for 17 Organization for Economic Cooperation and Development (OECD) countries between 1990 and 2012. Based on this EKC pattern, it shows that energy regulation measures help reduce per capita greenhouse gas (GHG) emissions. To validate this hypothesis, we also add the explanatory variables: renewable energy promotion, energy innovation processes, and the suppression effect of income level on the contribution of renewable energy sources to total energy consumption. It aims to be a tool for decision-making regarding energy policy. This paper provides a two-stage econometric analysis of instrumental variables with the aim of correcting the existence of endogeneity in the variable GDP per capita, verifying that the instrumental variables used in this research are appropriate for our aim. To this end, it first makes a methodological contribution before incorporating additional variables associated with environmental air pollution into the EKC hypothesis and showing how they positively affect the explanation of the correction in the GHG emission levels. This study concludes that air pollution will not disappear on its own as economic growth increases. Therefore, it is necessary to promote energy regulation measures to reduce environmental pollution.

  5. Tuna cannery energy conservation interventions: Technical/economic feasibility study

    Florio, G. (Calabria Univ. Arcavacata di Rende (Italy). Dipt. di Meccanica)

    An energy audit was conducted on a 230,000 can (x 80 g)/day tuna cannery to determine where technically and economically feasible energy savings interventions could be made. The plant is equipped with an oil fired boiler which supplies steam for cooking and sterilization purposes. In the energy/cost analysis, it was found that the most significant and cost effective energy savings could be obtained by the substitution of the four sterilization chambers with three sets of twin sterilization/heat exchange chambers.

  6. Energy use for economic growth: A trivariate analysis from Tunisian agriculture sector

    Sebri, Maamar; Abid, Mehdi

    2012-01-01

    Following the importance of energy in the agrarian economies, the investigation of the causal relationship between energy consumption in agriculture sector and economic growth has a fundamental role in implementing suitable policies. This paper examines the causal relationship between energy consumption and agricultural value added, controlling for trade openness, in Tunisia from 1980 to 2007. The relationship is investigated at aggregated as well as disaggregated components of energy consumption, including oil and electricity. Using Granger's technique, it is shown that various results are obtained regarding the direction of causality between competing variables. Nevertheless, the most common finding suggest that trade openness and both aggregated and disaggregated energy consumption Granger causes agricultural value added. Therefore, the energy-led growth and trade-led growth hypotheses are supported in the Tunisian agriculture sector. An important policy implication resulting from this study is that energy can be considered as a limiting factor to agriculture value added and, therefore, shocks to energy supply would have a negative impact onto agriculture performance. Furthermore, trade liberalization seems to be a stimulus factor to the Tunisian agriculture development. - Highlights: ► We study the energy consumption-economic growth nexus of Tunisian agriculture sector. ► We use Johansen's cointegration approach and Granger causality. ► Energy consumption can be considered as limiting factor to agricultural performance. ► Electrical energy will represent an important input to agricultural production growth.

  7. Economic and geographic factors affecting the development of Greater Baku

    Vusat AFANDIYEV

    2014-12-01

    Full Text Available Globally, the responsible factors for the ongoing development of urbanization are the high speed of population growth, and the mass migration of humans to cities and large urban areas. In most countries, this process resulted in the emergence of ‘pseudo-urbanization’ which is difficult to be regulated. The purpose of the carried researches to determine the development priorities in the territory of Greater Baku – the capital city of the Republic of Azerbaijan; to define the problems that take place in this connection; and to develop ways of elimination of these problems. The reason of taking Baku as a research area is connected with some of the factors. Firstly, studies on Baku have been conducted based on the Soviet geographical and urban planning school and their methods for a long period. In this regard, it is necessary to carry out research in this field based on the principles adopted in most countries. Secondly, since 1992, the intensive accumulation of population in the territory of the capital city and the surrounding areas is being observed because of socio-economic problems. As a result, the process of pseudo-urbanization intensified, entailing a densely-populated area. Thirdly, low-rise buildings still continue to exist in the large areas within the territory of Baku, and they are not associated with the functional structure of the city. This situation creates many challenges, particularly in terms of density growth and effective use of the city’s territory. Finally, numerous new buildings have been constructed in the residential areas of Baku in recent years, and this may entailserious problems in water supply, energy provision, and utilities. The study is carried out referring to previous works of researchers, statistic data, and the results of the population census conducted in 1959-2009.The practical significance of the scientific work is that positive and negative factors affecting the further development of Greater Baku

  8. Economic Factors for Televison Programme Rating in Slovenia

    Matjaz Dodic; Bojan Nastav

    2011-01-01

    Factors that influence televison programme rating can be divided into environment, outer factors and internal factors of televison programmes. In this paper we apply the regression analysis to study the influence of the number of unemployed, inflation rate, average salary, consumers’ trust, households’ financial status in the past 12 months and the economic state in Slovenia on rating of national, commercial and other televison programmes in Slovenia in the 2000–2009 period. The results show ...

  9. 100% Renewable energy systems, climate mitigation and economic growth

    Vad Mathiesen, Brian; Lund, Henrik; Karlsson, Kenneth Bernard

    2011-01-01

    that implementing energy savings, renewable energy and more efficient conversion technologies can have positive socio-economic effects, create employment and potentially lead to large earnings on exports. If externalities such as health effects are included, even more benefits can be expected. 100% Renewable energy......Greenhouse gas mitigation strategies are generally considered costly with world leaders often engaging in debate concerning the costs of mitigation and the distribution of these costs between different countries. In this paper, the analyses and results of the design of a 100% renewable energy...... system by the year 2050 are presented for a complete energy system including transport. Two short-term transition target years in the process towards this goal are analysed for 2015 and 2030. The energy systems are analysed and designed with hour-by-hour energy system analyses. The analyses reveal...

  10. Energy efficiency: Key to solving economic, environmental problems

    Flanigan, T.

    1991-01-01

    Energy efficiency can boost economic development and competitiveness, maximize capital productivity, improve environmental quality, and guarantee lasting energy security. Each of these benefits is reason enough, but collectively they form an imperative for action. The energy future must be based on cultural development, not the wanton growth that has served as an indicator of success in the past. Energy efficiency provides not only technical fixes, regulatory innovation, and a host of new financing methods, it also provides a template - a model - for a resource-efficiency ethic congruent with the notion of respecting the rights of future citizens. The good news is that the authors now know how to check environmental despoliation caused by an unquenchable thirst for energy resources. Existing energy-efficiency opportunities allow them to redefine the national energy strategy and take account of the environment and the future

  11. Economics of the energy economy; Oekonomie der Energiewirtschaft

    Henrichs, Birgit

    2008-11-15

    The series designed by the Federal Association of Energy and Water Economy (BDEW) presents the topic energy by means of an interdisciplinary way in seven magazines. Each magazine is dedicated to important sub-topics. The series does not only address teachers of subjects in the field of natural sciences like physics, biology and chemistry but also teachers of the subjects social studies, geography, work studies and technology of the forms 5 - 10. The present seventh magazine of the study sequence is dedicated to the subject economics of the energy economy. The following aspects are described: the history of energy supply by pipelines, from a monopoly to competition, the electric power and gas market and its mechanism, basic elements of the energy policy, the role of the energy economy in the overall economy as well as perspectives of the world energy supply. (orig./RHN)

  12. Economic analysis of flat plate collectors of solar energy

    Ozsabuncuoglu, I.H.

    1995-01-01

    Although solar energy potential in Turkey is far more than its total annual energy consumption, because of technical, economic and efficiency problems it cannot be harnessed to its fullest extent. Solar energy collecting systems have an initial cost two to five times higher than alternatives using electricity, LPG, fuel or other solid energy sources. However, their annual repair and maintenance costs are much lower than alternatives due to high energy prices. Solar systems with inflated annual costs have a minimum present value of US$867.19. Solar energy systems can be recommended for the countries that want a dependable and environmentally sound energy source. However, investment in R and D activities is necessary to reduce total cost of the system through improved efficiency and better production technology. (author)

  13. Assessing and optimizing the economic and environmental impacts of cogeneration/district energy systems using an energy equilibrium model

    Wu, Y.J.; Rosen, M.A.

    1999-01-01

    Energy equilibrium models can be valuable aids in energy planning and decision-making. In such models, supply is represented by a cost-minimizing linear submodel and demand by a smooth vector-valued function of prices. In this paper, we use the energy equilibrium model to study conventional systems and cogeneration-based district energy (DE) systems for providing heating, cooling and electrical services, not only to assess the potential economic and environmental benefits of cogeneration-based DE systems, but also to develop optimal configurations while accounting for such factors as economics and environmental impact. The energy equilibrium model is formulated and solved with software called WATEMS, which uses sequential non-linear programming to calculate the intertemporal equilibrium of energy supplies and demands. The methods of analysis and evaluation for the economic and environmental impacts are carefully explored. An illustrative energy equilibrium model of conventional and cogeneration-based DE systems is developed within WATEMS to compare quantitatively the economic and environmental impacts of those systems for various scenarios. (Copyright (c) 1999 Elsevier Science B.V., Amsterdam. All rights reserved.)

  14. Economic analysis of Brazilian policies for energy efficient electric motors

    Andrade, Cássio Tersandro de Castro; Pontes, Ricardo Silva Thé

    2017-01-01

    Brazil is leading several energy efficiency initiatives and has ambitious goals for 2030, according to the Brazilian National Energy Plan 2030. One of the main initiatives is the minimum efficiency performance standards (MEPS) program for energy-driven equipment and the electric motors appear as the most significant one (49% share of the total electricity consumption). The MEPS levels set new grades for efficiency, and then manufacturers and consumers have to conform to the new products and costs. Policy makers have to economically assess the effects of these MEPS in order to maintain the market stability. Since the benefits of this program come from future energy savings, this cost-effective analysis has to consider the parameters uncertainty and the results should reinforce the market players’ confidence. Thus, the goal of this work is, first, to analyze the economic viability of the MEPS transitions in Brazil considering the uncertainty of the parameters involved and then, to estimate the effects of this program on the energy savings goals for 2030. At the end, we also verify whether this investment in energy efficiency is competitive with other forms of investments in energy. - Highlights: • A cost-effectiveness method with uncertainty for efficiency program is presented. • Savings from electric motors MEPS program makes the 2030 Brazilian goals possible. • Electric motors MEPS program cost-effectiveness in Brazil is confirmed. • Saved energy cost from efficiency improvement is a competitive energy investment.

  15. Cost Assessment Methodology and Economic Viability of Tidal Energy Projects

    Eva Segura

    2017-11-01

    Full Text Available The exploitation of technologies with which to harness the energy from ocean currents will have considerable possibilities in the future thanks to their enormous potential for electricity production and their high predictability. In this respect, the development of methodologies for the economic viability of these technologies is fundamental to the attainment of a consistent quantification of their costs and the discovery of their economic viability, while simultaneously attracting investment in these technologies. This paper presents a methodology with which to determine the economic viability of tidal energy projects, which includes a technical study of the life-cycle costs into which the development of a tidal farm can be decomposed: concept and definition, design and development, manufacturing, installation, operation and maintenance and dismantling. These cost structures are additionally subdivided by considering their sub-costs and bearing in mind the main components of the tidal farm: the nacelle, the supporting tidal energy converter structure and the export power system. Furthermore, a technical study is developed in order to obtain an estimation of the annual energy produced (and, consequently, the incomes generated if the electric tariff is known by considering its principal attributes: the characteristics of the current, the ability of the device to capture energy and its ability to convert and export the energy. The methodology has been applied (together with a sensibility analysis to the particular case of a farm composed of first generation tidal energy converters in one of the Channel Island Races, the Alderney Race, in the U.K., and the results have been attained by means of the computation of engineering indexes, such as the net present value, the internal rate of return, the discounted payback period and the levelized cost of energy, which indicate that the proposed project is economically viable for all the case studies.

  16. Economic viability of wind and solar energy for industrial use

    Lashkari, Z.F.

    1994-01-01

    Non conventional energy sources have begun to move from fringes of technological possibility towards commercial viability. Out of the four sources, i e. solar, wind, biogas and minimicro hydel the first two viz. wind and solar energy are of relevance for industries in western region of India. This has to be seen in the context of developments in technology and hence economics both worldwide and in India. (author)

  17. Energy consumption and economic growth: Evidence from Cameroon

    Fondja Wandji, Yris D.

    2013-01-01

    The aim of this paper is to study the nature of the relationship between energy consumption and economic growth in Cameroon through a three-step approach: (i) Study the stationarity of the chronic, (ii) test of causality between variables and (iii) estimate the appropriate model. The study concludes in a non-stationarity of the series. Using the data in first difference, the Granger causality test yields a strong evidence for unidirectional causality running from OIL to GDP. Cointegration tests also show that these two series are co-integrated and the Error Correction Model (ECM) reveals that every percentage increase in Oil products consumption increases economic growth by around 1.1%. This result confirms the intuition that an economic policy aimed at improving energy supply will necessarily have a positive impact on economic growth. On the other side, a lack of energy is a major bottleneck for further economic development in Cameroon. - Highlights: • The series of GDP, ELECTRICITY, OIL and BIOFUELS are integrated of order 1. • The Granger causality test yields a unidirectional causality running from OIL to GDP. • No causal link between GDP and ELECTRICITY, and no more between GDP and BIOFUELS. • Cointegration tests also show that only OIL and GDP are co-integrated. • Every percentage increase in OIL increases GDP by around 1.1%

  18. Energy Consumption and Economic Growth in Algeria: Cointegration and Causality Analysis

    Cherfi Souhila

    2012-01-01

    Full Text Available This study investigates the energy consumption-growth nexus in Algeria. The causal relationship between the logarithm of per capita energy consumption (LPCEC and the logarithm of per capita GDP (LPCGDP during the 1965-2008 period is examined using the threshold cointegration and Granger causality tests. The estimation results indicate that the LPCEC and LPCGDP for Algeria are non cointegrated and that there is a uni-directional causality running from LPCGDP to LPCEC, but not vice versa. The research results strongly support the neoclassical perspective that energy consumption is not a limiting factor to economic growth in Algeria. Accordingly, an important policy implication resulting from this analysis is that government can pursue the conservation energy policies that aim at curtailing energy use for environmental friendly development purposes without creating severe effects on economic growth. The energy should be efficiently allocated into more productive sectors of the economy.

  19. Assessing the ecological and economic sustainability of energy crops

    Hanegraaf, M.C.; Biewinga, E.E.; Bijl, G. van der

    1998-01-01

    The production and use of biomass for energy has both positive and negative impacts on the environment. The environmental impacts of energy crops should be clarified before political choices concerning energy are made. An important aid to policy-making would be a systematic methodology to assess the environmental sustainability of energy crops. So far, most studies on the environmental aspects of energy crops deal mainly with the energy production of the crops and the possible consequences for CO 2 mitigation. The Dutch Centre for Agriculture and Environment (CLM) has developed a systematic methodology to assess the ecological and socio-economic sustainability of biomass crops. The method is best described as a multicriteria analysis of process chains and is very much related to Life Cycle Assessment (LCA). Characteristics of our methodology are the use of: definition of functional units; analysis of the entire lifecycle; definition of yield levels and corresponding agricultural practices; analysis of both ecological and economic criteria; definition of reference systems; definition of procedures for normalisation and weighting. CLM has applied the method to assess the sustainability of ten potentially interesting energy crops in four European regions. The results are used to outline the perspectives for large scale production of biomass crops with regard to the medium and long term land availability in Europe. For the crops considered, net energy budget ranges from 85 GJ net avoided energy per ha for rape seed for fuel to 248 GJ net avoided fossil energy per ha for silage maize for electricity from gasification. The methodology of the tool and its results were discussed at the concerted action ''Environmental aspects of biomass production and routes for European energy supply'' (AIR3-94-2455), organised by CLM in 1996. Major conclusions of the research: multicriteria analyhsis of process lifecycles is at present the best available option to assess the ecological

  20. Economic Conditions and Factors Affecting New Nuclear Power Deployment

    Harrison, Thomas J [ORNL

    2014-10-01

    This report documents work performed in support of the US Department of Energy Office of Nuclear Energy’s Advanced Small Modular Reactor (AdvSMR) program. The report presents information and results from economic analyses to describe current electricity market conditions and those key factors that may impact the deployment of AdvSMRs or any other new nuclear power plants. Thus, this report serves as a reference document for DOE as it moves forward with its plans to develop advanced reactors, including AdvSMRs. For the purpose of this analysis, information on electricity markets and nuclear power plant operating costs will be combined to examine the current state of the nuclear industry and the process required to successfully move forward with new nuclear power in general and AdvSMRs in particular. The current electricity market is generally unfavorable to new nuclear construction, especially in deregulated markets with heavy competition from natural gas and subsidized renewables. The successful and profitable operation of a nuclear power plant (or any power plant) requires the rate at which the electricity is sold to be sufficiently greater than the cost to operate. The wholesale rates in most US markets have settled into values that provide profits for most operating nuclear power plants but are too low to support the added cost of capital recovery for new nuclear construction. There is a strong geographic dependence on the wholesale rate, with some markets currently able to support new nuclear construction. However, there is also a strong geographic dependence on pronuclear public opinion; the areas where power prices are high tend to have unfavorable views on the construction of new nuclear power plants. The use of government-backed incentives, such as subsidies, can help provide a margin to help justify construction projects that otherwise may not seem viable. Similarly, low interest rates for the project will also add a positive margin to the economic

  1. Socio-economic research for innovative energy technologies

    Ogawa, Yuichi [Tokyo Univ., High Temperature Plasma Center, Kashiwa, Chiba (Japan); Okano, Kunihiko [Central Research Inst. of Electric Power Industry, Tokyo (Japan)

    2006-10-15

    In the 21st century global environment and energy issues become very important, and this is characterized by the long-term (in the scale of a few tens years) and world-wide issue. In addition, future prospect of these issues might be quite uncertain, and scientific prediction could be very difficult. For these issues vigorous researches and various efforts have been carried out from various aspects; e.g., world-wide discussion such as COP3 in Kyoto, promotion of the energy-saving technology and so on. Development of environment-friendly energy has been promoted, and new innovative technologies are explored. Nuclear fusion is, of course, a promising candidate. While, there might be some criticism for nuclear fusion from the socio-economic aspect; e.g., it would take long time and huge cost for the fusion reactor development. In addition, other innovative energy technologies might have their own criticism, as well. Therefore, socio-economic research might be indispensable for future energy resources. At first we have selected six items as for the characteristics, which might be important for future energy resources; i.e., energy resource, environmental load, economics, reliability/stability, flexibility on operation and safety/security. Concerning to innovative energy technologies, we have nominated seven candidates; i.e., advanced coal technology with CO2 recovery system, SOFC top combined cycle, solar power, wind power, space solar power station, advanced fission and fusion. Based on questionnaires for ordinary people and fusion scientists, we have tried to assess the fusion energy development, comparing with other innovative energy technologies. (author)

  2. Economic implications of fusion-fission energy systems

    Deonigi, D.E.; Schulte, S.C.

    1979-04-01

    The principal conclusions that can be made based on the estimated costs reported in this paper are twofold. First, hybrid reactors operating symbiotically with conventional fission reactors are a potentially attractive supply alternative. Estimated hybrid energy system costs are slightly greater than estimated costs of the most attractive alternatives. However, given the technological, economic, and institutional uncertainties associated with future energy supply, differences of such magnitude are of little significance. Second, to be economically viable, hybrid reactors must be both fuel producers and electricity producers. A data point representing each hybrid reactor driver-blanket concept is plotted as a function of net electrical production efficiency and annual fuel production. The plots illustrate that the most economically viable reactor concepts are those that produce both fuel and electricity

  3. The Most Economic, Socially Viable, and Environmentally Sustainable Alternative Energy

    Vanderburg, Willem H.

    2008-01-01

    The strengths and weaknesses of current energy planning can be attributed to the limited economic, social, and environmental contexts taken into account as a result of the current intellectual and professional division of labor. A preventive approach is developed by which the ratio of desired to undesired effects can be substantially improved. It…

  4. Day-ahead economic optimisation of energy storage

    Lampropoulos, I.; Garoufalis, P.; Bosch, van den P.P.J.; Groot, de R.J.W.; Kling, W.L.

    2014-01-01

    This article addresses the day-ahead economic optimisation of energy storage systems within the setting of electricity spot markets. The case study is about a lithium-ion battery system integrated in a low voltage distribution grid with residential customers and photovoltaic generation in the

  5. Energy and Economic Losses Due to Constant Power Outages in ...

    This study assesses the economic implication of electricity self-generation in Nigeria. In this regard, energy and exergetic utilization efficiencies of 19 representative generators and gas turbines from Afam power station were assessed based on real data obtained through survey of companies, oral interview, individuals and ...

  6. Factors of Renewable Energy Deployment and Empirical Studies of United States Wind Energy

    Can Sener, Serife Elif

    Considered essential for countries' development, energy demand is growing worldwide. Unlike conventional sources, the use of renewable energy sources has multiple benefits, including increased energy security, sustainable economic growth, and pollution reduction, in particular greenhouse gas emissions. Nevertheless, there is a considerable difference in the share of renewable energy sources in national energy portfolios. This dissertation contains a series of studies to provide an outlook on the existing renewable energy deployment literature and empirically identify the factors of wind energy generation capacity and wind energy policy diffusion in the U.S. The dissertation begins with a systematic literature review to identify drivers and barriers which could help in understanding the diverging paths of renewable energy deployment for countries. In the analysis, economic, environmental, and social factors are found to be drivers, whereas political, regulatory, technical potential and technological factors are not classified as either a driver or a barrier (i.e., undetermined). Each main category contains several subcategories, among which only national income is found to have a positive impact, whereas all other subcategories are considered undetermined. No significant barriers to the deployment of renewable energy sources are found over the analyzed period. Wind energy deployment within the states related to environmental and economic factors was seldom discussed in the literature. The second study of the dissertation is thus focused on the wind energy deployment in the United States. Wind energy is among the most promising clean energy sources and the United States has led the world in per capita newly installed generation capacity since 2000. In the second study, using a fixed-effects panel data regression analysis, the significance of a number of economic and environmental factors are investigated for 39 states from 2000 to 2015. The results suggested that the

  7. Economic growth, regional disparities and energy demand in China

    Sheng, Yu; Shi, Xunpeng; Zhang, Dandan

    2014-01-01

    Using the panel data of 27 provinces between 1978 and 2008, we employed a instrumental regression technique to examine the relationship between economic growth, energy demand/production and the related policies in China. The empirical results show that forming a cross-province integrated energy market will in general reduce the response of equilibrium user costs of energy products to their local demand and production, through cross-regional energy transfer (including both energy trade and cross-regional reallocation). In particular, reducing transportation costs and improving marketization level are identified as two important policy instruments to enhance the role of energy market integration. The findings support the argument for a more competitive cross-province energy transfer policies and calls for more developed energy connectivity and associate institutional arrangements within China. These policy implications may also be extended to the East Asia Summit region where energy market integration is being actively promoted. - Highlights: • Development driving energy demand has different impacts on energy prices than others. • EMI will reduce the response of equilibrium energy prices to local demand and production. • Reducing transportation costs and improving marketization level enhance the role of EMI. • More market competition and better physical and institutional connectivity are better. • Policy implications to China may be extended to the East Asia Summit region

  8. Energie-Nederland. Financial and economic impact of a changing energy market

    NONE

    2013-03-15

    A detailed study of the Dutch power market has been carried out, including an assessment of the financial implications for conventional power plants. This study is to provide insight into the potential implications of the 16% RES (renewable energy sources) target without prescribing a particular scenario or outcome, or suggesting possible solutions. The study focuses on the potential financial and economic impact of meeting the RES target under different market scenarios. Also, the potential impact on security of supply and the need for flexible back-up capacity in the period 2013-2020 are assessed. Furthermore, an analysis is performed of potential market prices that are required for the economic feasibility of flexible back-up generation capacity with a very limited load factor. For the assessment of the financial impact of a changing energy market, the Dutch power market is modelled under various scenarios. Use has been made of a detailed model of Northwest Europe, in which all power stations, interconnections, and constraints (i.e. RES potential) are accounted for. In all scenarios, the 16% RES target is a binding constraint in that model. This means the model determines the least-cost option to meet this target, including wind onshore and offshore (up to the limit estimated by ECN), dedicated biomass and co-firing of biomass, and other sources such as solar.

  9. Influences of economic development in the Brazilian energy efficiency projects

    Javier Cárcel Carrasco

    2012-09-01

    Full Text Available This work has as main goal to present some of the issues regarding the effects of the Brazilian economy in the effectiveness of national energy efficiency projects in order to provide some guidelines for optimizing the energy saving actions. The replacement of traditional electric motors with high efficiency motors has been considered, or that brings innovation and increases the need to search for new technologies for Brazilian industries. We must consider whether this new paradigm requires a strong federal government's investment in Brazil in order to allow the implementation of energy efficiency programs, mainly in small and medium industries. This document is divided into three main parts. The first part deals with some aspects of the economic crisis. The second presents the most important data of the National Electricity Conservation (PROCEL and Energy Efficiency Program of the ANEEL (National Electric Energy Agency. The third shows data on Small and Medium Industries and how their energy efficiency programs were affected.

  10. Energy policy under the aspect of international economic interdependencies

    Michaelis, H.

    1978-01-01

    A few introductory remarks on the status of and on prospects fo the world energy economy as well as on reasons given for the necessity of a world-wide coordination of energy policy and economic policy are followed by an explanation of the policy led by oil extracting countries and of the endeavour of western industrialized countries to reduce oil imports. Even if the state of utilizing nuclear energy does not yet present a sufficient alternative, the international nuclear energy continues to be directed towards this goal. Seen from an international viewpoint, relieving contributions are to be expected from energy-conservation-actions and from the development of regenerative energy sources. (UA) [de

  11. Economic analysis of waste-to-energy industry in China.

    Zhao, Xin-Gang; Jiang, Gui-Wu; Li, Ang; Wang, Ling

    2016-02-01

    The generation of municipal solid waste is further increasing in China with urbanization and improvement of living standards. The "12th five-year plan" period (2011-2015) promotes waste-to-energy technologies for the harmless disposal and recycling of municipal solid waste. Waste-to-energy plant plays an important role for reaching China's energy conservation and emission reduction targets. Industrial policies and market prospect of waste-to-energy industry are described. Technology, cost and benefit of waste-to-energy plant are also discussed. Based on an economic analysis of a waste-to-energy project in China (Return on Investment, Net Present Value, Internal Rate of Return, and Sensitivity Analysis) the paper makes the conclusions. Copyright © 2015 Elsevier Ltd. All rights reserved.

  12. Rebuilding Romania. Energy, efficiency and the economic transition

    Patterson, W [Royal Inst. of International Affairs, London (United Kingdom)

    1994-12-31

    Energy will be a crucial factor in the successful recreation of a democratic society based on a market economy in Romania, following the overthrow in 1989 of the Ceausescu dictatorship. This study focuses on energy efficiency and end-use, rather than the supply of fuels and electricity, and is written by a team of senior Romanian energy specialists, who describe the country`s existing energy systems, and their potential for improved use, including international cooperation for mutual benefit. (UK)

  13. Can market oriented economic reforms contribute to energy efficiency improvement? Evidence from China

    Fan Ying; Liao Hua; Wei Yiming

    2007-01-01

    Since China accelerated its market oriented economic reforms at the end of 1992, its energy intensity has declined 3.6% annually over 1993-2005. However, its energy intensity declined 4.2% annually during its first reform period 1979-1992. Therefore, can we conclude that the accelerated marketization since the end of 1992 has made no contribution to its energy efficiency improvement? In order to answer this challenging question, we examine the changes of energy own-price elasticity, as well as the elasticities of substitution between energy and non-energy (capital and labor) in China during the periods of 1979-1992 and 1993-2003. Generally, in transition or developing economies, holding the technology and output level fixed, if the energy own-price elasticity (algebraic value) declines or the substitution elasticity between factors rises, they will contribute to energy efficiency improvement. Our empirical study finds that: (1) during 1979-1992, the energy own-price elasticity is positive (0.285), and capital-energy, labor-energy are both Morishima complementary; which indicates a distorted energy price and inefficient allocation; and (2) during 1993-2003, the own-price elasticity for energy is negative (-1.236), and capital-energy and labor-energy are both Morishima substitute. All factor demands become more elastic, and all elasticities of substitution increase. The implication is that the accelerated marketization contributes substantially to energy efficiency improvement since 1993

  14. A reconsideration of effect of energy scarcity on economic growth

    Uri, N.D.

    1995-01-01

    This analysis is concerned with the effect of energy scarcity on economic growth in the U.S. After defining the notion of scarcity and introducing measures of scarcity (unit costs and relative energy price), changes in the trend in resource scarcity for NG, bituminous coal, anthracite coal, and crude oil over the most recent three decades are investigated. Each of the energy resources became a significantly scarcer resource during the decade of the 1970s in the Malthusian Stock Scarcity and Malthusian Flow Scarcity sense. Unit costs exhibit a similar change for NG and crude oil but not for bituminous and anthracite coals. The situation reversed itself during the 1980s. NG, bituminous and anthracite coals, and crude oil all became significantly less scarce resources during the decade of the 1980s than they had been during the 1970s, i.e. the increase in scarcity as measured by relative energy prices observed during the decade of the 1970s was not reversed completely during the 1980s for NG and crude oil demonstrate similar patterns. Given that change has taken place, it has implications for future economic growth to the extent resource scarcity and economic growth are interrelated. To see whether this is a relevant concern, subsequent to the examination of changing resource scarcity trends, an objective effort is made to identify a long run equilibrium relationship between energy scarcity and economic growth. Relying on cointegration techniques, only for crude oil is there a suggestion that resource scarcity has affected economic growth in the U.S. over the period 1889-1992. (author)

  15. Total-factor energy efficiency of regions in China

    Hu, J.-L.; Wang, S.-C.

    2006-01-01

    This paper analyzes energy efficiencies of 29 administrative regions in China for the period 1995-2002 with a newly introduced index. Most existing studies of regional productivity and efficiency neglect energy inputs. We use the data envelopment analysis (DEA) to find the target energy input of each region in China at each particular year. The index of total-factor energy efficiency (TFEE) then divides the target energy input by the actual energy input. In our DEA model, labor, capital stock, energy consumption, and total sown area of farm crops used as a proxy of biomass energy are the four inputs and real GDP is the single output. The conventional energy productivity ratio regarded as a partial-factor energy efficiency index is computed for comparison in contrast to TFEE; our index is found fitting better to the real case. According to the TFEE index rankings, the central area of China has the worst energy efficiency and its total adjustmentof energy consumption amount is over half of China's total. Regional TFEE in China generally improved during the research period except for the western area. A U-shape relation between the area's TFEE and per capita income in the areas of China is found, confirming the scenario that energy efficiency eventually improves with economic growth

  16. Essays in energy economics: An inquiry into Renewable Portfolio Standards

    Lamontagne, Laura Marie

    In an attempt to motivate the transition away from fossil fuels, reduce carbon emissions and diversify electricity supply, twenty-nine states and the District of Columbia have adopted a Renewable Portfolio Standard (RPS). An RPS is a form of regulation that requires increased electricity production from renewable energy sources. These standards vary by state but generally require a minimum percentage of electricity generation to come from renewable technologies by a predetermined date. In the first chapter I examine the effect of the adoption of an RPS on electricity rates, making use of the increased availability of data since several policies' adoption. Using a fifty state panel over the years 1990-2010, this study uses a difference-in-difference and a fixed effects estimation to measure how the adoption of an RPS affects the price of electricity in state markets. Empirical findings show that states that have adopted an RPS have approximately a 20% higher all-retail electricity price than states that do not have RPS. Following the adoption of this regulation, a state can expect to see electricity prices rise by roughly 5% on average per year relative to states with no RPS. Once the legislation has been in place for almost a decade, electricity rates begin to dramatically increase upwards of 10% per year. In the second chapter, I observe the economic, social and political factors that prompt a state to adopt a Renewable Portfolio Standard. I estimate a probit model to determine the probability a state will adopt an RPS in a year given its present political and economic climate. Results show that a deregulated electricity market, a high per-capita GDP, a strong democratic presence in the state legislature, high renewable capacity, and a strong incidence of natural gas are indicators a state will pass an RPS. Whether or not a state is a net importer or exporter of electricity is not a significant indicator of adoption of an RPS within a state. The third chapter

  17. Demand, Energy, and Power Factor

    1994-08-01

    POWER FACTOR DEFINITION I Basically , power factor (pf) is a measure of how effectively the plant uses the electricity it purchases from the utility. It...not be made available by the plant. U 24 This video is relatively short, less than fifteen-minutes, and covers the basics on demand, block extenders... ratemaking methodology and test period as used in determining the NC-RS rates. Pending final decision by the FERC, the Federal Government would pay a rate as

  18. Economic analysis of the energy national strategy 2012-2026

    Alonso, G.

    2012-10-01

    The energy national strategy contemplates the execution of the climatic change law, which establishes that at 2024 the 35% of the electric generation should be given by means of the clean sources use (non originators of greenhouse gases). In the energy national strategy 2012-2026 three possible scenarios to execute this goal are proposed, in two of them is considered the participation of the nuclear energy, the economic implications of these three scenarios are analyzed in this study as well as the reduction in emissions that would derive of their implementation. (Author)

  19. Precautionary principle, economic and energy systems and social equity

    Carvalho, Joaquim Francisco de; Mercedes, Sonia Seger P.; Sauer, Ildo L.

    2010-01-01

    In this paper the precautionary principle is reviewed alongside the process of international implementation. Adoption of the precautionary principle is advocated to deal with energy choices as a mechanism to account for potential climate change impacts, notwithstanding the debate on scientific uncertainty on the links between solar activity, greenhouse gas concentration and climate. However, it is also recognized that the widespread application of the precautionary principle to energy choices does not seem to be taking place in the real world. Relevant concrete barriers are identified stemming from the intrinsic logic governing the hegemonic economic system, driving the energy choices by economic surplus and rent generation potential, the existence of social asymmetries inside and among societies as well as by the absence of democratic global governance mechanisms, capable of dealing with climate change issues. Such perception seems to have been reinforced by the outcome of the United Nations Climate Change Conference, held in Copenhagen in December 2009.

  20. On the energy economics of air lubrication drag reduction

    Simo A. Mäkiharju

    2012-12-01

    Full Text Available Air lubrication techniques for frictional drag reduction on ships have been proposed by numerous researchers since the 19th century. However, these techniques have not been widely adopted as questions persist about their drag reduction performance beyond the laboratory, as well as energy and economic cost-benefit. This paper draws on data from the literature to consider the suitability of air lubrication for large ocean going and U.S. Great Lakes ships, by establishing the basic energy economic calculations and presenting results for a hypothetical air lubricated ship. All the assumptions made in the course of the analysis are clearly stated so that they can be refined when considering application of air lubrication to a specific ship. The analysis suggests that, if successfully implemented, both air layer and partial cavity drag reduction could lead to net energy savings of 10 to 20%, with corresponding reductions in emissions.

  1. Alternative energy supply strategies for Pakistan and their economic implications

    Jalal, A.I.; Khan, A.M.; Khan, S.B.

    1984-01-01

    Pakistan is beset with serious energy supply difficulties arising from a fast growing demand for commercial energy, a poor energy resource base and the high cost of imported energy. The commercial energy requirements are expected to rise from 22.4 million tonnes of coal equivalent (tce) in 1980 to 80 million tce by the year 2000 and to about 200 million tce by 2020, while the country's proven fossil-fuel reserves are only 440 million tce and cannot cope with the demand for long. Pakistan is already dependent on imported energy for 90% of its oil requirements or 30% of the total commercial energy, and is spending 5.5% of its gross domestic product (GDP) on energy imports. The paper analyses the economic implications of a few alternative energy supply strategies. These strategies correspond to two different rates of petroleum exploration and development activity, a high and a low average size of new petroleum finds, and the large-scale use of nuclear power starting in 1990 or after the year 2000. It is found that in the most favourable case (high level of petroleum drilling activity with a high success rate and nuclear power use starting in 1990) Pakistan would be able to achieve self-sufficiency in oil by 2010 and in the total energy supply shortly after 2020. The energy sector's investment requirement will, however, increase gradually from 3% of GDP now to almost 6% of GDP by 2020. (author)

  2. GENDER FACTORS OF SOCIAL AND ECONOMIC DEVELOPMENT OF A COUNTRY

    N. Kochkina

    2016-06-01

    Full Text Available The article discusses the impact of gender asymmetry on the socio-economic development of the country. Authors detected factors that determine with high level of the probability social development of the society. Econometric relationship between the level of GDP per capita in comparative prices and the socio-cultural and gender factors are developed and estimated. The analysis showed that the level of individualism, indulgence, economic participation, and political empowerment of women in the society have direct linear correlation with GDP per capita. Power distance has opposite inverse correlation with the level of GDP. Application of regression analysis gave the possibility to divide all countries into 9 clusters with similar features. Two-dimensional matrix included GDP per capita and coefficient of implementation of a country gender and sociocultural potential. The recommendations for stimulating economic growth by smoothing gender gaps are proposed.

  3. Factors Affecting Students' Grades in Principles of Economics

    Kara, Orhan; Bagheri, Fathollah; Tolin, Thomas

    2009-01-01

    Factors affecting students' grades in principles of microeconomics and macroeconomics students are analyzed from the data collected in two public universities. Results indicate that gender, number of hours worked, SAT scores, number of missed classes, recommending the course to a friend, instructors, being a junior, number of economics courses…

  4. Influence Of Socio-Economic Factors On Crop Farmers' Production ...

    This paper investigated the influence of socio-economic factors on crop farmers production in Ogba/Egbema/Ndoni Local Government Area of Rivers State. Purposive and stratefied random sampling techniques were used to select the locations of Green River Project, cooperative societies and respondents. Using structured ...

  5. 471 socio-economic factors influencing agricultural radio

    Osondu

    The study examined socio economic factors influencing agricultural radio programme FILIN. MAINOMA in ... statistics such as, Pearson Product Moment Correlation Coefficient (PPMC) and Chi-Square analysis. (χ. 2). .... of fish farmers association while one third. (22.22%) ... problems of language barrier and 6.00% of the.

  6. Unemployment in Kenya: Some economic factors affecting wage ...

    This article analyses the economic factors affecting wage employment in Kenya, where open unemployment fell from 15 per cent in 1998/1999 to 13 per cent in 2005/2006. As of 2005/2006, wage employment constituted 13 per cent of the total working population, which implies that doubling wage employment will absorb ...

  7. Strategic Factor Markets Scale Free Resources and Economic Performance

    Geisler Asmussen, Christian

    2015-01-01

    -theoretic model, it shows how the impact of strategic factor markets on economic profits is influenced by product market rivalry, preexisting competitive (dis)advantages, and the interaction of acquired resources with those preexisting asymmetries. New insights include the result that resource suppliers will aim...

  8. Socio-economic status, risk factors and coronary heart disease ...

    The relationship of socio-economic status (SES) indicators and coronary risk factors (RFs) with coronary heart disease (CHD) prevalence was examined in 5620 subjects aged 20 ... The SES indicators had Iitlle or no independent effect on CHD prevalence in multivariate logistic analyses after, inclusion of the standard RFs.

  9. Economic sustainability of a biomass energy project located at a dairy in California, USA

    Camarillo, Mary Kay; Stringfellow, William T.; Jue, Michael B.; Hanlon, Jeremy S.

    2012-01-01

    Previous experience has demonstrated the tenuous nature of biomass energy projects located at livestock facilities in the U.S. In response, the economic sustainability of a 710 kW combined heat and power biomass energy system located on a dairy farm in California was evaluated. This biomass energy facility is unique in that a complete-mix anaerobic digester was used for treatment of manure collected in a flush-water system, co-digestates were used as additional digester feedstocks (whey, waste feed, and plant biomass), and the power plant is operating under strict regulatory requirements for stack gas emissions. Electricity was produced and sold wholesale, and cost savings resulted from the use of waste heat to offset propane demand. The impact of various operational factors was considered in the economic analysis, indicating that the system is economically viable as constructed but could benefit from introduction of additional substrates to increase methane and electricity production, additional utilization of waste heat, sale of digested solids, and possibly pursuing greenhouse gas credits. Use of technology for nitrogen oxide (NO x ) removal had a minimal effect on economic sustainability. - Highlights: ► We evaluated the economic sustainability of a dairy biomass energy project. ► The project is economically sustainable as currently operated. ► The simple payback period could be reduced if the system is operated near capacity. ► Co-digestion of off-site waste streams is recommended to improve profitability.

  10. Environmental and economical aspects of selected energy system

    1991-11-01

    An analysis of environmental and economical aspects of selected renewable energy systems is presented. The aim was to provide a basis for estimating the competitive status in each case, to review the consequences of technological development, to identify attractive markets and to evaluate the effects of various economic conditions. Calculation methods are described and individual solar heating systems are compared to oil-fired boilers, boilers fired with solid fuels are compared to oil-fired boilers and straw-fired cogeneration plants are compared with coal, fuel-oil and straw-fired district heating plants. Results are presented in the form of tables and graphs. (AB)

  11. Energy consumption and energy R and D in OECD: Perspectives from oil prices and economic growth

    Leng Wong, Siang; Chia, Wai-Mun; Chang, Youngho

    2013-01-01

    We estimate the short-run and long-run elasticities of various types of energy consumption and energy R and D to changes in oil prices and income of the 20 OECD countries over the period of 1980–2010 using the Nerlove partial adjustment model (NPAM). We find negative income elasticity for coal consumption but positive income elasticity for oil and gas consumption suggesting the importance of economic growth in encouraging the usage of cleaner energy from coal to oil and gas. By introducing time dummies into the regressions, we show that climatic mitigation policies are able to promote the usage of cleaner energies. Through the dynamic linkages between energy consumption and energy R and D, we find that fossil fuel consumption promotes fossil fuel R and D and fossil fuel R and D in turn drives its own consumption. Renewable energy R and D which is more responsive to economic growth reduces fossil fuel consumption and hence fossil fuel R and D. - Highlights: • Economic growth encourages the use of cleaner forms of energy. • Economic growth promotes renewable energy R and D. • Subsidies for renewable energy R and D promote renewable energy consumption. • Fossil fuel R and D promotes fossil fuel consumption in countries with oil reserves. • Oil consumption reduces significantly with higher oil prices

  12. Role of the breeder in long-term energy economics

    Kosobud, R.F.; Daly, T.A.; Chang, Y.I.

    1982-01-01

    Private and public decisions affecting the use of nuclear and other energy technologies over a long-run time horizon were studied using the ETA-MACRO model which provides for economic- and energy-sector interactions. The impact on the use of competing energy technologies of a public decision to apply benefit-cost analysis to the production of carbon dioxide that enters the atmosphere is considered. Assuming the public choice is to impose an appropriate penalty tax on those technologies which generate CO 2 and to allow decentralized private decisions to choose the optimal mix of energy technologies that maximize a nonlinear objective function subject to constraints, the study showed that breeder technology provides a much-larger share of domestically consumed energy. Having the breeder technology available as a substitute permits control of CO 2 without significant reductions in consumption or gross national product growth paths

  13. Economic dispatch optimization for system integrating renewable energy sources

    Jihane, Kartite; Mohamed, Cherkaoui

    2018-05-01

    Nowadays, the use of energy is growing especially in transportation and electricity industries. However this energy is based on conventional sources which pollute the environment. Multi-source system is seen as the best solution to sustainable development. This paper proposes the Economic Dispatch (ED) of hybrid renewable power system. The hybrid system is composed of ten thermal generators, photovoltaic (PV) generator and wind turbine generator. To show the importance of renewable energy sources (RES) in the energy mix we have ran the simulation for system integrated PV only and PV plus wind. The result shows that the system with renewable energy sources (RES) is more compromising than the system without RES in terms of fuel cost.

  14. Energy, Economic, and Environmental Benefits of the Solar America Initiative

    Grover, S.

    2007-08-01

    The President's Solar America Initiative (SAI) was launched in January 2006 as part of the administration's Advanced Energy Initiative. The SAI is being led by the U.S. Department of Energy (DOE) Solar Energy Technologies Program (SETP), with NREL providing analytical and technical support. The SAI has a goal of installing 5-10 GW of photovoltaic (PV) systems in the United States by 2015 and 70-100 GW of PV systems in the United States by 2030. To make PV cost-competitive with other energy resources, this requires that the installed cost of PV fall from approximately $8/Wdc in 2005 to $3.3/Wdc in 2015 and $2.5/Wdc in 2030. This report presents estimates of the potential energy, economic, and environmental benefits that could result should the SAI PV installation goals be achieved.

  15. Ranking of biomass pellets by integration of economic, environmental and technical factors

    Sultana, Arifa; Kumar, Amit

    2012-01-01

    Interest in biomass as a renewable energy source has increased recently in response to a need to reduce greenhouse gas (GHG) emissions. The objective of this study is to develop a multi-criteria assessment model and rank different biomass feedstock-based pellets, in terms of their suitability for use in large heat and power generation plants and show the importance of environmental, economical and technical factors in making decision about different pellets. Five pellet alternatives, each produced from a different sustainable biomass feedstock i.e., wood, straw, switchgrass, alfalfa and poultry litter, are ranked according to eleven criteria, using the Preference Ranking Organization Method for Enrichment and Evaluation (PROMETHEE). Both quantitative and qualitative criteria are considered, including environmental, technical and economic factors. Three scenarios, namely base case, environmental and economic, are developed by changing the weight assigned to different criteria. In the base case scenario, equal weights are assigned to each criterion. In the economic and environmental scenarios, more weight is given to the economic and environmental factors, respectively. Based on the PROMETHEE rankings, wood pellets are the best source of energy for all scenarios followed by switchgrass, straw, poultry litter and alfalfa pellets except economic scenario, where straw pellets held higher position than switchgrass pellets. Sensitivity analysis on weights, threshold values, preference function and production cost indicate that the ranking was stable. The ranking in all scenarios remained same when qualitative criteria were omitted from the model; this indicates the stronger influence of quantitative criteria. -- Highlights: ► This study ranks the pellets produced from different biomass feedstocks. ► The ranking of the pellets is based on technical, economical and environmental factors. ► This study uses PROMETHEE method for ranking pellets based on a range of

  16. The economic and energy-economic development of Armenia - new strategies in matters of energy policy

    Chitechian, V.I.

    1996-01-01

    For geopolitical, economic, technical and structural reasons, Armenia's power generating capacity, which formerly was 3500 megawatts, is now, at the beginning of the nineties, a mere 650 megawatts. Consequently, the Armenian government in 1993 decided to rebuild unit 2 of the Mesamor nuclear power station in order for it to become operational in 1995. Armenia is a member of the IAEO and WANO. (DG) [de

  17. Energy consumption and economic development in Sub-Sahara Africa

    Kebede, Ellene; Kagochi, John; Jolly, Curtis M.

    2010-01-01

    Sub-Saharan African countries' economic development is dependent on energy consumption. This paper assesses total energy demand, which is composed of traditional energy (wood fuel) and commercial energy (electricity and petroleum), in the Central, East, South, and West regions of Sub-Saharan Africa. Cross-sectional time series data for 20 countries in 25 years are analyzed, and the results of the study show that wood fuel accounts for 70% of energy consumption, followed by petroleum, with most industrial activities utilizing some form of wood fuel. Regression results suggest that energy demand is inversely related to the price of petroleum and industrial development, but positively related to GDP, population growth rate, and agricultural expansion, and that price elasticity is less than one. The model results also show that there are regional differences in energy demand. In addition, the interaction of population growth rates by regions generates mixed results, and there are regional differences in the use of commercial energy consumption, and GDP growth. The findings of this study suggest that countries must diversify their energy sources and introduce energy-efficient devices and equipment at all levels of the economy to improve GDP growth rate and GDP per capita. (author)

  18. Energy consumption and economic development in Sub-Sahara Africa

    Kebede, Ellene [Department of Agricultural and Environmental Science, 210 Campbell, Hall, Tuskegee University, Tuskegee, AL 36088 (United States); Kagochi, John [School of Business Administration, University of Houston-Victoria, 3007, N. Ben Wilson, Victoria, 77901 (United States); Jolly, Curtis M. [Department of Agricultural Economics and Rural Sociology, 212 Comer, Hall Auburn University, AL 36849 (United States)

    2010-05-15

    Sub-Saharan African countries' economic development is dependent on energy consumption. This paper assesses total energy demand, which is composed of traditional energy (wood fuel) and commercial energy (electricity and petroleum), in the Central, East, South, and West regions of Sub-Saharan Africa. Cross-sectional time series data for 20 countries in 25 years are analyzed, and the results of the study show that wood fuel accounts for 70% of energy consumption, followed by petroleum, with most industrial activities utilizing some form of wood fuel. Regression results suggest that energy demand is inversely related to the price of petroleum and industrial development, but positively related to GDP, population growth rate, and agricultural expansion, and that price elasticity is less than one. The model results also show that there are regional differences in energy demand. In addition, the interaction of population growth rates by regions generates mixed results, and there are regional differences in the use of commercial energy consumption, and GDP growth. The findings of this study suggest that countries must diversify their energy sources and introduce energy-efficient devices and equipment at all levels of the economy to improve GDP growth rate and GDP per capita. (author)

  19. Factors influencing efficient structure of fuel and energy complex

    Sidorova, N. G.; Novikova, S. A.

    2017-10-01

    The development of the Russian fuel-energy complex is a priority for the national economic policy, and the Far East is a link between Russia and the Asia-Pacific region. Large-scale engineering of numerous resources of the Far East will force industrial development, increase living standard and strengthen Russia’s position in the global energy market. So, revealing the factors which influence rational structure of the fuel-energy complex is very urgent nowadays. With the use of depth analysis of development tendencies of the complex and its problems the authors show ways of its efficiency improvement.

  20. Evolution of the global energy system: technology and other factors

    de Leone, R.

    Future directions in government energy policies are assessed in light of the energy evolution following the 1973 oil crisis and the impacts created by technology transfer and other factors. In particular, the paper examines changes which are occurring in global marketing and commercialization trends, and in public opinion, especially in response to the techniques employed by planners in assessing new energy sources and technologies designed to lessen dependency on oil imports. It is noted that greater consideration must be given by scientists and engineers to the socio-economic impacts of their research efforts.

  1. Energies and raw materials, economic energy situation april 1998; Energies et matieres premieres, conjoncture energetique avril 1998

    NONE

    1998-07-01

    Here is the economic energy situation in France in April 1998. The energy consumption, the evolution of the different energy sources are given. The energy invoice is decreasing with the fall of petroleum price. The imports and energy demand are studied. Energy data are given in tables, comparison between the months of January in the three years 1996, 1997,1998 for consumption, invoices, prices are reported in curves. (N.C.)

  2. Evaluation the potential economic impacts of Taiwanese biomass energy production

    Chen, Chi-Chung; McCarl, Bruce; Chang, Ching-Cheng; Tso, Chunto

    2011-01-01

    The Taiwanese rice paddy land set-aside program diverts a substantial land area. Given today's high energy prices and interests in energy security, that set-aside area could be converted to produce bioenergy feedstocks. This study evaluates the economic and environmental impacts of such a policy change using a Taiwanese agricultural sector model. The results show that such a strategy provides increased farm revenue, increased rural employment, increased energy sufficiency and reduced greenhouse gas emissions but also increased government expenditures. These outcomes indicate that the agricultural sector could play a positive role by producing renewable energy. -- Highlights: → This paper evaluates the economic and environmental impacts of converting set-aside area to produce bioenergy feedstocks. → Taiwanese agricultural sector model is built and applied to evaluate such impacts. → The empirical results show that producing bioenergy using set-aside area could provide increased farm revenue, increased rural employment, increased energy sufficiency and reduced greenhouse gas emissions but also increased government expenditures. → Agricultural sector in Taiwan could play a positive role by producing renewable energy.

  3. Evolution of competition in energy alternative pathway and the influence of energy policy on economic growth

    Yang, Honglin; Wang, Lin; Tian, Lixin

    2015-01-01

    This work is devoted to the evolution of the competition of energy alternative pathway in China, and the influence of energy policy on economic growth by using a dynamical system method. Firstly, the relation between energy and economic growth is taken into account, and a dynamic evolution model is established. It is observed that Hopf bifurcation and chaotic behavior occurs with the varying investment in renewable energy production. Secondly, when there is no policy intervention in energy market, the evolution of competition in energy alternative pathway is also investigated. Thirdly, the system parameters are also identified by using an artificial neural network method on the basis of certain empirical statistical data in China, and the dynamics of the parameters-identified system are studied. Finally, the influences of energy policy on economic growth are empirically analyzed, and some policy recommendations are given based on the results of empirical analysis. - Highlights: • Modeling the energy economy system via the method of dynamic system. • Attaining the chaotic attractor of the energy production and economic system. • Discovering the Hopf bifurcation when the investment changes. • Proposing the alternative pathway of free competition in energy production. • Determining the turning points of parameters related to policy regulation

  4. Energy consumption and economic growth—New evidence from meta analysis

    Chen, Ping-Yu; Chen, Sheng-Tung; Chen, Chi-Chung

    2012-01-01

    The causal relationships between energy consumption and economic growth have given rise to much discussion but remain controversial. Alternative data sets based on different time spans, countries, energy policies and econometric approaches result in diverse outcomes. A meta analysis using a multinomial logit model with 174 samples governing the relationships between GDP and energy consumption is applied here to investigate the major factors that affect these controversial outcomes. The empirical results have demonstrated how the time spans, subject selections including GDP and energy consumption, econometric models, and tools for greenhouse gases emission reduction characteristics significantly affect these controversial outcomes. - Highlights: ► The controversial casual relationships between energy consumption and GDP are investigated. ► A meta analysis using a multinomial logit model is adopted. ► 74 studies governing the relationships between GDP and energy consumption was collected. ► The empirical results show how the probability of major factors affects such relationships.

  5. Economic competitiveness of fuel cell onsite integrated energy systems

    Bollenbacher, G.

    1983-01-01

    The economic competitiveness of fuel cell onsite integrated energy systems (OS/IES) in residential and commercial buildings is examined. The analysis is carried out for three different buildings with each building assumed to be at three geographic locations spanning a range of climatic conditions. Numerous design options and operating strategies are evaluated and two economic criteria are used to measure economic performance. In general the results show that fuel cell OS/IES's are competitive in most regions of the country if the OS/IES is properly designed. The preferred design is grid connected, makes effective use of the fuel cell's thermal output, and has a fuel cell powerplant sized for the building's base electrical load.

  6. Factors influencing to earthquake caused economical losses on urban territories

    Nurtaev, B.; Khakimov, S.

    2005-12-01

    Questions of assessment of earthquake economical losses on urban territories of Uzbekistan, taking into account damage forming factors, which are increqasing or reducing economical losses were discussed in the paper. Buildings and facilities vulnerability factors were classified. From total value (equal to 50) were selected most important ones. Factors ranging by level of impact and weight function in loss assessment were ranged. One group of damage forming factors includs seismic hazard assessment, design, construction and maintenance of building and facilities. Other one is formed by city planning characteristics and includes : density of constructions and population, area of soft soils, existence of liquefaction susceptible soils and etc. To all these factors has been given weight functions and interval values by groups. Methodical recomendations for loss asessment taking into account above mentioned factors were developed. It gives possibility to carry out preventive measures for protection of vulnerable territories, to differentiate cost assessment of each region in relation with territory peculiarity and damage value. Using developed method we have ranged cities by risk level. It has allowed to establish ratings of the general vulnerability of urban territories of cities and on their basis to make optimum decisions, oriented to loss mitigation and increase of safety of population. Besides the technique can be used by insurance companies for estimated zoning of territory, development of effective utilization schema of land resources, rational town-planning, an economic estimation of used territory for supply with information of the various works connected to an estimation of seismic hazard. Further improvement of technique of establishment of rating of cities by level of damage from earthquakes will allow to increase quality of construction, rationality of accommodation of buildings, will be an economic stimulator for increasing of seismic resistance of

  7. Economical factors of wheat (Triticum aestivum L. diversity: econometric stimation

    S.S. Hamraz

    2016-05-01

    Full Text Available In this study tried to calculate attributed-based index and measurement of farmer’s attention to wheat (Triticum aestivum L. seed environmental, cropping and marketing attribute and evaluate social– economical factors influencing on this index. After this estimation, effective factors have selected. Related data to 102 Mashhad wheat producers, Iran were used for estimations Poisson regression. Results showed that in seed characteristics set; marketability and taste were more important factors. Also, results of this study corroborant previews study and only variables age and family number make difference. Also, education, farming and non–farming income, farming experience, farm area and loan receive have positive effect on these characteristics.

  8. Software for automated evaluation of technical and economic performance factors of nuclear power plant units

    Cvan, M.; Zadrazil, J.; Barnak, M.

    1989-01-01

    Computer codes TEP V2, TEP EDU and TEP V1 are used especially in real-time evaluation of technical and economic performance factors of the power unit. Their basic functions include filtration of credibility of input data obtained by measurement, simultaneous calculation of flows of various types of energy, calculation of technical and economic factors, listings and filing of the results. Code ZMEK is designed for executing changes in the calculation constants file for codes TEP V2 and TEP EDU. Code TEP DEN is used in processing the complete daily report on the technical and economic performance factors of the unit. Briefly described are the basic algorithms of credibility filtration for the measured quantities, the methodology of fundamental balances and the method of guaranteeing the continuity of measurement. Experiences are given with the use of the codes, and the trends are outlined of their future development. (J.B.). 5 refs

  9. The development of today's mineable oil sands projects, the key factors influencing economics

    Lynn, J.R.

    1991-01-01

    Many factors influence the perception of economic performance for developing projects. Some of these factors can be controlled by the developer, while some are outside the developer's sphere of influence. Technology selection, management systems, stakeholder involvement, environmental responsiveness and risk management are areas that may be influenced, however interest rates, product prices and currency exchange all have a measurable effect on project economics and are beyond a developer's control. Economic considerations for evaluating mineable oil sand development projects are outlined, focussing on the key factors unique to such developments in general and to the OSLO project in particular. The OSLO project is a proposed $5 billion energy development that entails constructing an open pit oil sands mine and a bitumen extraction facility north of Fort McMurray, Alberta, coupled with a bitumen upgrader in the Redwater area. 7 figs

  10. FDI, Economic Growth, Energy Consumption & Environmental Nexus in Bangladesh

    Sandip SARKER

    2016-04-01

    Full Text Available This paper attempts to investigate the relationship among economic growth, energy consumption, CO2 emission, FDI and natural gas usage in Bangladesh through co-integration and Vector Error Correction model (VECM over the period 1978 to 2010. Using ADP unit root tests it is found that all the four variables are integrated in first difference. The Johansen co-integration tests indicate that there is existence of long-run relationship among the variables. The VECM long run causality model indicates that there is a long run causality running from energy consumption and natural gas usage by industrial sector to GDP as well as from CO2 emission to FDI. Likewise in the short run a causal relationships have also been found among the variables. Moreover our model is found be error free based on several statistical test. Our results provide important policy suggestions regarding our foreign direct investment, environmental issues and economic growth nexus in Bangladesh.

  11. Economic Efficiency and Investment Implementation in Energy Saving Projects

    Venelin Terziev

    2017-09-01

    Full Text Available Investment in building thermoinsulation is a subject to appraisal for efficiency from the position of discounted cash flows taken specifically by energy saving. The appraisal of investment as optimal is attended by achieving the shortest term for investment implementation, the lowest investment outlays, the maximum total net value of energy savings, the shortest investment payback period. The complex application of the dynamic methods for appraising economic efficiency of an investment – net present value, internal rate of return, profitability index and discounted payback period, involves drawing of particular values which comparison definitely will show if this kind of investment is practically “attractive”. However, the question for significance weight of each of these indicators above in decision making for implementation a particular real investment still remains unsolved. This requires working out a system of criteria, priorities that can determine which of the indicators for economic efficiency of specific investment project will have the highest significance.

  12. An object-oriented approach to energy-economic modeling

    Wise, M.A.; Fox, J.A.; Sands, R.D.

    1993-12-01

    In this paper, the authors discuss the experiences in creating an object-oriented economic model of the U.S. energy and agriculture markets. After a discussion of some central concepts, they provide an overview of the model, focusing on the methodology of designing an object-oriented class hierarchy specification based on standard microeconomic production functions. The evolution of the model from the class definition stage to programming it in C++, a standard object-oriented programming language, will be detailed. The authors then discuss the main differences between writing the object-oriented program versus a procedure-oriented program of the same model. Finally, they conclude with a discussion of the advantages and limitations of the object-oriented approach based on the experience in building energy-economic models with procedure-oriented approaches and languages.

  13. The social and economic impact of nuclear energy in Brazil

    Marques, E.

    1976-01-01

    A model for structural analysis is introduced and discussed. An application is made to the 'Brazilian Nuclear System' defined by a structural matrix lying upon 42 factors (of which 11 are political 7 economic, 9 technological, 6 sociological, 7 ecological and 2 psychdogical, whose interactions are evalueted. The hierarchical ordering of these 42 factors shows the preponderance of the political ones, the technological factors being the least important. The study is completed by calculating the impact of a PWR pant construction in Brazilian territory, using an enlarged input-output method the sectorial impacts are determined for industrial production, value added, inderect imports and capital goods industries [pt

  14. Essays on the economics of decarbonization and renewable energy support

    Jaegemann, Cosima Claudia

    2014-01-01

    The thesis consists of five essays investigating various aspects associated with the decarbonization of Europe's power sector and the politically incentivized expansion of renewable energy generation. The first essay analyzes the economic implications of alternative decarbonization pathways and policy instruments for Europe's power sector up to 2050 and illustrates the importance of ensuring competition between all low-carbon technologies in order to limit the costs of decarbonization. The second essay analyzes the economic inefficiency associated with the concept of grid parity for the case of photovoltaic (PV). In order to both enhance overall welfare and avoid redistributional effects, the indirect financial incentive for in-house PV electricity consumption should be abolished. The third essay discusses the system price effect of wind and solar power generation and illustrates that the decrease in the marginal value of wind and solar power (as a consequence of increased penetration) is already highly relevant for both wind and solar power generation in Germany. The fourth essay adds to the ongoing debate surrounding the cost-efficient achievement of politically implemented renewable energy targets. Renewable energy support schemes that fail to incentivize investors to account for differences in the marginal value of wind and solar power generation are associated with excess costs as they prevent the equalization of net marginal costs across technologies and regions. The fifth essay analyzes the economic value of storage as a function of the overall generation mix and illustrates the economic inefficiency arising from feed-in tariff systems for the special case of thermal energy storage units in concentrating solar power plants.

  15. Essays on the economics of decarbonization and renewable energy support

    Jaegemann, Cosima Claudia

    2014-06-05

    The thesis consists of five essays investigating various aspects associated with the decarbonization of Europe's power sector and the politically incentivized expansion of renewable energy generation. The first essay analyzes the economic implications of alternative decarbonization pathways and policy instruments for Europe's power sector up to 2050 and illustrates the importance of ensuring competition between all low-carbon technologies in order to limit the costs of decarbonization. The second essay analyzes the economic inefficiency associated with the concept of grid parity for the case of photovoltaic (PV). In order to both enhance overall welfare and avoid redistributional effects, the indirect financial incentive for in-house PV electricity consumption should be abolished. The third essay discusses the system price effect of wind and solar power generation and illustrates that the decrease in the marginal value of wind and solar power (as a consequence of increased penetration) is already highly relevant for both wind and solar power generation in Germany. The fourth essay adds to the ongoing debate surrounding the cost-efficient achievement of politically implemented renewable energy targets. Renewable energy support schemes that fail to incentivize investors to account for differences in the marginal value of wind and solar power generation are associated with excess costs as they prevent the equalization of net marginal costs across technologies and regions. The fifth essay analyzes the economic value of storage as a function of the overall generation mix and illustrates the economic inefficiency arising from feed-in tariff systems for the special case of thermal energy storage units in concentrating solar power plants.

  16. Energy and economic development in isolated regions: a case study

    Munoz, A.; Maldonado, P.

    1992-01-01

    High production costs and inadequate supply of electricity are severe handicaps to economic development in remote areas. Costs are increased further by the low level and high variability of electric loads. In order to face these problems a simultaneous development of wind diesel energy resources and productive projects with demand management is proposed. This paper illustrates such a case in Southern Chile where present electricity costs are reduced as consumption is increased from 85 to 468 KWh/person/year. A new refrigeration plant increases the storage capacity for the small fishing activity and effectively uses the output of wind energy generators. (author)

  17. Economic aspects of energy saving in greenhouses: physical considerations

    Danloy, L; Gay, J B; Mercier, J A; Reist, A

    1989-01-01

    An important result of experiments carried out over the past six years in a trial greenhouse at CERN (The European Organization for Nuclear Research, Geneva, Switzerland) was the development of a simple and precise method for calculating the energy requirements of a glasshouse; this is valid for any type of greenhouse and climate. An economic study is made using the above method for evaluating the financial effectiveness of various energy-saving methods: double glazing of the side walls, low emissivity glass 'Hortiplus' roofing, soil level heating and a thermal screen.

  18. On The Economics of Energy Labels in the Housing Market

    Brounen, D. [Erasmus University, Rotterdam (Netherlands); Kok, N. [Maastricht University, Maastricht (Netherlands)

    2010-08-15

    The residential housing market can play an important role in the reduction of global carbon emissions. This paper reports the first evidence on the market adoption and economic implications of energy performance certificates implemented by the European Union. The results show that adoption rates are low and declining over time, coinciding with negative sentiment regarding the label in the popular media. Labels are clustered among smaller, post-war homes in neighborhoods with more difficult selling conditions. We also document that the adoption rates of energy labels have a positive relation to the number of 'green' voters during the 2006 national elections. Within the sample of labeled homes, the energy label creates transparency in the energy performance of dwellings. Our analysis shows that consumers capitalize this information into the price of their prospective homes.

  19. Expansionary economic effects of energy conversion under stagnation

    Ono, Yoshiyasu

    2013-01-01

    After the Fukushima disaster, energy conversion such as nuclear power phaseout and deployment of renewable energy or survival of nuclear power had been actively argued pro and con. Both sides admitted extra costs were needed but their economic effects would be contrary dependent on business state. Under better economy, extra costs would be actual burden of total economy. Under stagnation as was long in Japan at present, extra costs brought about expansion of employment and economy with simulated consumption increase. Industry conversion would occur such industry intensively using power would depreciate and energy conserved industry would grow. Difference of power use intensity between industries made difficult in energy conversion because present Japanese industry constitution was mostly formed based on cheap power cost for industry use. Even taking account of international competition, the same would be true by adjusting finance balance sheet and currency exchange rate. (T. Tanaka)

  20. Economics of the Nuclear Energy Considered CO2 Emission

    Kim, Su Jin; Kim, Yong Min

    2011-01-01

    The energy consumption in Korea has greatly increased along with its rapid economic growth and industrialization since the 1970s. Total energy consumption increased at an average annual growth rate. Due to the lack of domestic energy resources, however, the overseas dependence rate of energy consumption has continuously increased. Also Climate change, resulting from increases in greenhouse gas emissions (GHG), is considered one of the biggest environmental dangers facing the world today. The objective and approach of this study are to compare the different types of scenarios in terms of the power plant type and CO 2 emission from each power plant. We estimated cost of electricity generation using fuel cost, O and M cost(Operation and Maintenance Cost) and CO 2 emission

  1. Marine energy consumption, national economic activity, and greenhouse gas emissions from international shipping

    Chang, Ching-Chih

    2012-01-01

    The causal relationships among marine energy consumption, greenhouse gas emissions from international shipping, and economic growth for Kyoto Protocol Annex I countries for the period of 1990 to 2006 are discussed. The real gross domestic product is used as a proxy for economic activity. The United States is also discussed because it was the main global polluter before 2006. The co-integration methodology and an error-correction model are used to examine the causal relationships. The empirical results show that marine energy consumption and GDP are the main factors of increased GHG emissions in the short-run, and that economic activity significantly increased emissions in the long-run. Emissions from shipping are more closely related to marine energy consumption than to economic activity. Hence, policies for mitigating greenhouse gas emissions from marine shipping need to focus on greater energy efficiency in the design of ship engines and hulls. - Highlights: ► Energy consumption and GDP are the main causes to increased GHG emissions in the shipping industry. ► Emissions from shipping are more closely related to energy consumption than to GDP. ► Policies to mitigate GHG emissions from shipping industry should focus on the engine and hull design.

  2. The economic scientific research, a production neo-factor

    Elena Ciucur

    2007-12-01

    Full Text Available The scientific research represents a modern production neo-factor that implies two groups of coordinates: preparation and scientific research. The scientific research represents a complex of elements that confer a new orientation of high performance and is materialized in resources and new availabilities brought in active shape by the contribution of the creators and by the attraction in a specific way in the economic circuit. It is the creator of new ideas, lifting the performance and understanding to the highest international standards of competitive economic efficiency. In the present, the role of the scientific research stands before some new challenges generated by the stage of society. It.s propose a unitary, coherent scientific research and educational system, created in corresponding proportions, based on the type, level and utility of the system, by the state, the economic-social environment and the citizen himself.

  3. Direct regional energy/economic modeling (DREEM) design

    Hall, P.D.; Pleatsikas, C.J.

    1979-10-01

    This report summarizes an investigation into the use of regional and multiregional economic models for estimating the indirect and induced impacts of Federally-mandated energy policies. It includes an examination of alternative types of energy policies that can impact regional economies and the available analytical frameworks for measuring the magnitudes and spatial extents of these impacts. One such analytical system, the National Regional Impact Evaluation System (NRIES), currently operational in the Bureau of Economic Analysis (BEA), is chosen for more detailed investigation. The report summarizes the models capabilities for addressing various energy policy issues and then demonstrates the applicability of the model in specified contexts by developing appropriate input data for three scenarios. These scenarios concern the multi-state impacts of alternative coal-mining-development decisions, multi-regional impacts of macroeconomic change, and the comprehensive effects of an alternative national energy supply trajectory. On the basis of this experience, the capabilities of NRIES for analyzing energy-policy issues are summarized in a concluding chapter.

  4. Residential Energy Use and Conservation. Economics, Demographics, and Standards

    Brounen, D. [Department of Financial Management, Erasmus University Rotterdam, Rotterdam (Netherlands); Kok, N. [Limburg Institute of Financial Economics LIFE, Maastricht University, Maastricht (Netherlands); Quigley, J.M. [Department of Economics, University of California, Berkeley, CA (United States)

    2011-03-15

    Energy consumption in the residential sector offers an important opportunity for conserving resources. However, much of the current debate regarding energy efficiency in the housing market focuses on the physical and technical determinants of energy consumption, neglecting the role of the economic behavior of resident households. In this paper, we analyze the extent to which the use of gas and electricity is determined by the technical specifications of the dwelling as compared to the demographic characteristics of the occupying household, using a unique set of microeconomic data for a sample of more than 300,000 Dutch homes. The results show that residential gas consumption is determined principally by structural dwelling characteristics, such as the vintage, building type and quality of the home, while electricity consumption varies more directly with household composition, in particular income and family composition. Combining these results with projections on future economic and demographic trends, we find that, absent price increases for residential energy, the aging of the population and their increasing wealth will mostly offset improvements in the energy efficiency of the building stock resulting from policy interventions and natural revitalization.

  5. Recent trends in automobile recycling: An energy and economic assessment

    Curlee, T.R.; Das, S.; Rizy, C.G. [Oak Ridge National Lab., TN (United States); Schexanyder, S.M. [Tennessee Univ., Knoxville, TN (United States). Dept. of Biochemistry

    1994-03-01

    Recent and anticipated trends in the material composition of domestic and imported automobiles and the increasing cost of landfilling the non-recyclable portion of automobiles (automobile shredder residue or ASR) pose questions about the future of automobile recycling. This report documents the findings of a study sponsored by the US Department of Energy`s Office of Environmental Analysis to examine the impacts of these and other relevant trends on the life-cycle energy consumption of automobiles and on the economic viability of the domestic automobile recycling industry. More specifically, the study (1) reviewed the status of the automobile recycling industry in the United States, including the current technologies used to process scrapped automobiles and the challenges facing the automobile recycling industry; (2) examined the current status and future trends of automobile recycling in Europe and Japan, with the objectives of identifying ``lessons learned`` and pinpointing differences between those areas and the United States; (3) developed estimates of the energy system impacts of the recycling status quo and projections of the probable energy impacts of alternative technical and institutional approaches to recycling; and (4) identified the key policy questions that will determine the future economic viability of automobile shredder facilities in the United States.

  6. Decommissioning wind energy projects: An economic and political analysis

    Ferrell, Shannon L.; DeVuyst, Eric A.

    2013-01-01

    Wind energy is the fastest-growing segment of new electrical power capacity in the United States, with the potential for significant growth in the future. To facilitate such growth, a number of concerns between developers and landowners must be resolved, including assurance of wind turbine decommissioning at the end of their useful lives. Oklahoma legislators enlisted the authors to develop an economically-sound proposal to ensure developers complete their decommissioning obligations. Economic analysis of turbine decommissioning is complicated by a lack of operational experience, as few U.S. projects have been decommissioned. This leads to a lack of data regarding decommissioning costs. Politically, the negotiation leading to the finally-enacted solution juxtaposed economic theory against political pragmatism, leading to a different but hopefully sound solution. This article will provide background for the decommissioning issue, chronicle the development of the decommissioning component of the Oklahoma Wind Energy Act, and frame issues that remain for policymakers in regulating wind power development. - Highlights: ► Wind energy is the fastest-growing component of U.S. power generation. ► Decommissioning wind projects is policy concern for wind development. ► Little public information on wind turbine decommissioning costs exists. ► Oklahoma’s solution attempts to account for both costs and risks. ► Additional research is needed to create a more precise policy solution.

  7. Grain and cellulosic ethanol: History, economics, and energy policy

    Solomon, Barry D.; Barnes, Justin R.; Halvorsen, Kathleen E.

    2007-01-01

    The United States (US) and Brazil have been the two leading producers of fuel ethanol since the 1970s. National policies have supported the production and use of ethanol from corn and sugarcane. US support in particular has included exemption from federal gasoline excise taxes, whole or partial exemption from road use (sales) taxes in nine states, a federal production tax credit, and a federal blender's credit. In the last decade the subsidization of grain-based ethanol has been increasingly criticized as economically inefficient and of questionable social benefit. In addition, much greater production of ethanol from corn may conflict with food production needs. A promising development is the acceleration of the technical readiness of cellulosic alcohol fuels, which can be produced from the woody parts of trees and plants, perennial grasses, or residues. This technology is now being commercialized and has greater long-term potential than grain ethanol. Cellulosic ethanol is projected to be much more cost-effective, environmentally beneficial, and have a greater energy output to input ratio than grain ethanol. The technology is being developed in North America, Brazil, Japan and Europe. In this paper, we will review the historical evolution of US federal and state energy policy support for and the currently attractive economics of the production and use of ethanol from biomass. The various energy and economic policies will be reviewed and assessed for their potential effects on cellulosic ethanol development relative to gasoline in the US. (author)

  8. Energy consumption and economic development after the energy price increases of 1973

    Danielewski, J.

    1993-01-01

    The interdependence between energy consumption and economic development are highlighted in this research, which focuses on energy price rises between 1973 and 1989. Three groups of countries are identified, developing and developed market economies and centrally planned economies. Two areas of interdependence are examined, firstly the dynamic relationship between primary energy consumption growth and real economic growth and secondly the static relationship between primary energy consumption and national income. In the period under review, developing market economies reacted most strongly to higher energy prices, with lower energy consumption while maintaining real growth in the Gross Domestic Product. However developing countries and centrally planned economies increased their energy consumption per unit of national income although the rate of increase slowed after 1975. (UK)

  9. Political and economic structure and energy industry status of Australia

    Bang, K.Y. [Korea Energy Economics Institute, Euiwang (Korea, Republic of)

    1998-06-01

    Looking at the composition of energy resources import of Korea per each country, Australian-made import takes up 11.8% of total energy resources import. It possesses the highest import composition of 30.5% when petroleum sector is excluded. In the order of Korea`s mineral import per each country, Australia still keep the number one position every year though Korea keep promoting the diversification of import sources. In the mean time, reflecting on the treatment aspect of import country of Australia, when Korea`s energy, the import size of resources, import intensity of Australia`s primary raw material resources and international resources situation are considered, Korea is thought to receive less treatment from Australia as the second export country of Australia than Japan who is the number one export country of Australia, relatively. Though the increase ratio of Korean tourists in Australia is the highest for the past few years and international promotion effect shows big with the IMF financial support of Korea who faces sudden economic crisis recently as a momentum, sincere evaluation through in-depth analysis between Korea and Australia is still in the initial stage. The necessity to diagnosis the general political and economic structure of Australia more in detail emerges as trade volume between two countries keep growing, esp. in the import of energy and resources sectors, the number of visits between two countries keep increasing. Therefore, the purpose of this study lies mainly in the structure of the new Australian government, general macroeconomics structure and the understanding of energy industry-related status such as energy supply and demand, development status of energy, related laws, and government`s energy agencies, etc. 6 refs., 3 figs., 22 tabs.

  10. Economic and Environmental Impact of Energy Saving in Healthcare Buildings

    Justo García-Sanz-Calcedo

    2018-03-01

    Full Text Available The purpose of this article is to estimate the economic and environmental impacts of energy consumption derived from healthcare buildings and proposes several energy-saving options in the sector. An experimental energy consumption study was development between 2005 and 2013 in 12 hospitals and 70 healthcare centres in Spain, built between 1980 and 2005 through audits carried out between 2005 and 2012, performed by the Extremadura Energy Agency. The study focused on electric energy, HVAC, DWH, lighting systems, renewable energies, maintenance strategy, thermal insulation, and optimal building size. Specifically, the following parameters were evaluated: energy savings, investment emission of CO2, NO2, and SO2 gases, and payback. The results revealed that through an appropriate energy management of healthcare buildings it is possible to save up to 8.60 kWh/m2 per year, for buildings of less than 5000 m2 (with no beds, which represents an expense of 1.55 €/m2. In healthcare buildings larger than 5000 m2 (with beds, it was possible to save up to 6.88 kWh/m2 per year, which represents an expense of 1.25 €/m2.

  11. Energy Strategy of Russia in the Conditions of Economic Crisis

    Kashulin Danila A.

    2016-10-01

    Full Text Available The article is devoted to the transformation of the energy strategy of Russia in the conditions of the current economic crisis. The special attention is paid to current trends in the sphere of international relations having a decisive influence on the formation of Russia’s energy strategy. The authors point to the crisis of the modern world, the deepening of interstate contradictions, the expansion of confrontation, the revision of the uniform principles of trade, established by the World Trade Organization, the changes in the global financial system. The authors investigate the possibility of political arrangements between the leading suppliers of oil on the destabilization of the oil market in order to achieve geopolitical goals. In the article special attention is also paid to the issue of political motivation of anti-Russian sanctions directed at impeding Russia’s development and its Fuel & Energy Complex, in particular. Today, against the background of the current political situation, the energy strategy of Russia is exposed to adjustment. The country has the important task of ensuring technological independence of the energy sector on the basis of import substitution of the equipment, diversification of the directions of export of energy resources, preservation of leading positions in the world market of peaceful nuclear energy, etc. The authors conclude that the energy strategy of Russia is important part of foreign policy strategy of the country, and it is focused on practical cooperation with all countries and is aimed at protecting interests of the state.

  12. The pro-economical behaviour of households and their knowledge about changes in the energy market

    Ropuszyńska-Surma Edyta

    2017-01-01

    Full Text Available The behaviour of energy and heat consumers is an important and interesting topic. For a long time the energy market was the classical example of a monopoly. In general, households are weak partners for energy companies, but energy markets are changing all over the world. This trend is noticeable in Poland too, but it is not as strong as in Germany or other countries where renewable energy sources (RES are very popular and widely used. So, here we investigate why the development of RES in Poland is so weak. The main aim of the paper is to highlight the key factors, especially ecological and economic ones, determining households’ decisions about installing RES in Poland. An additional aim is to present the level of energy awareness of households. We conducted a survey of Lower Silesia’s households in November and December 2015. Economic factors are the best motivators for households to install RES. Among the economic aspects, the respondents indicated potential savings and potential profits.

  13. Economic recession and suicidal behaviour: Possible mechanisms and ameliorating factors.

    Haw, Camilla; Hawton, Keith; Gunnell, David; Platt, Stephen

    2015-02-01

    A growing body of research evidence from countries around the world indicates that economic recession is associated with increases in suicide, particularly in males of working age. To explore contributory and ameliorating factors associated with economic recession and suicide and thereby stimulate further research in this area and encourage policy makers to consider how best to reduce the impact of recession on mental health and suicidal behaviour. We conducted a selective review of the worldwide literature focusing on possible risk factors, mechanisms and preventative strategies for suicidal behaviour linked to economic recession. A model of how recession might affect suicide rates is presented. A major and often prolonged effect of recession is on unemployment and job insecurity. Other important effects include those exerted by financial loss, bankruptcy and home repossession. It is proposed these factors may lead directly or indirectly to mental health problems such as depression, anxiety and binge drinking and then to suicidal behaviour. Countries with active labour market programmes and sustained welfare spending during recessions have less marked increases in suicide rates than those that cut spending on welfare and job-search initiatives for the unemployed. Other measures likely to help include targeted interventions for unemployed people, membership of social organisations and responsible media reporting. Good primary care and mental health services are needed to cope with increased demand in times of economic recession but some governments have in fact reduced healthcare spending as an austerity measure. The research evidence linking recession, unemployment and suicide is substantial, but the evidence for the other mechanisms we have investigated is much more tentative. We describe the limitations of the existing body of research as well as make suggestions for future research into the effects of economic recession on suicidal behaviour. © The Author

  14. Nuclear energy - stabilising factor in the world economy

    Legassov, V.; Feoktistov, L.; Kouzmine, I.

    1986-01-01

    One of the most important factors for international stability is the development of the economy, reducing the risk of local armed conflicts which could escalate into world-wide nuclear war. Economic progress which plays such a vital part is in turn heavily dependent on energy supplies. The article takes a brief look at the role of nuclear power in this context. (B.M.S.)

  15. Symposium on Pacific Energy Cooperation '99. Changing economic environment and energy cooperation in Asia

    NONE

    1999-02-16

    Compiled in this publication are the papers delivered at the above conference held in Tokyo on February 16-17, 1999. Presented in Session 1, entitled 'economic reforms and energy situation in Asian countries,' are the causes and lessons of economic and financial crisis in the Asian countries and the prospect of restoration; the outlook of energy supply and demand in the Asia Pacific region; and a message from APEC (Asia-Pacific Economic Cooperation Conference) Okinawa Energy Ministers' Meeting. Discussed in Session 2, entitled 'energy security in the Asia Pacific region,' are the outlook for world oil prices; and the stable supply of oil and gas in the Asia Pacific region. Discussed in Session 3, entitled the 'deregulation of the energy sector in the Asia Pacific region,' are the deregulation of the power sector, progress and problems; and the privatization of the oil and gas sectors. Many papers are presented also in Session 4, entitled the 'energy and environment in the Asia Pacific region, and in Session 5 entitled 'pacific energy cooperation in the changing economic and energy environment.' (NEDO)

  16. Symposium on Pacific Energy Cooperation '99. Changing economic environment and energy cooperation in Asia

    NONE

    1999-02-16

    Compiled in this publication are the papers delivered at the above conference held in Tokyo on February 16-17, 1999. Presented in Session 1, entitled 'economic reforms and energy situation in Asian countries,' are the causes and lessons of economic and financial crisis in the Asian countries and the prospect of restoration; the outlook of energy supply and demand in the Asia Pacific region; and a message from APEC (Asia-Pacific Economic Cooperation Conference) Okinawa Energy Ministers' Meeting. Discussed in Session 2, entitled 'energy security in the Asia Pacific region,' are the outlook for world oil prices; and the stable supply of oil and gas in the Asia Pacific region. Discussed in Session 3, entitled the 'deregulation of the energy sector in the Asia Pacific region,' are the deregulation of the power sector, progress and problems; and the privatization of the oil and gas sectors. Many papers are presented also in Session 4, entitled the 'energy and environment in the Asia Pacific region, and in Session 5 entitled 'pacific energy cooperation in the changing economic and energy environment.' (NEDO)

  17. Linear and Nonlinear Causality between Energy Consumption and Economic Growth: The Case of Mexico 1965–2014

    Mario Gómez

    2018-03-01

    Full Text Available This paper analyzes the causal link between aggregated and disaggregated levels of energy consumption and economic growth in Mexico between 1965 and 2014, with the presence of structural breaks stemming from the series. To that end, unit root with structural breaks, cointegration, and linear and nonlinear causality tests are employed. The results show that there is a long-run relationship between production, capital, labor, and energy, and linear causal links from total and disaggregated energy consumption to economic growth. A nonlinear causality also exists from energy consumption, the transport sector, capital, and labor to output. These results support the growth hypothesis, which maintains that energy is an important input factor for economic activity and that energy conservation policies impact the economic growth in Mexico.

  18. Empirical and dynamic primary energy factors

    Wilby, Mark Richard; Rodríguez González, Ana Belén; Vinagre Díaz, Juan José

    2014-01-01

    Current legislation, standards, and scientific research in the field of energy efficiency often make use of PEFs (primary energy factors). The measures employed are usually fixed and based on theoretical calculations. However given the intrinsically variable nature of energy systems, these PEFs should rely on empirical data and evolve in time. Otherwise the obtained efficiencies may not be representative of the actual energy system. In addition, incorrect PEFs may cause a negative effect on the energy efficiency measures. For instance, imposing a high value on the PEF of electricity may discourage the use of renewable energy sources, which have an actual value close to 1. In order to provide a solution to this issue, we propose an application of the Energy Networks (ENs), described in a previous work, to calculate dynamic PEFs based on empirical data. An EN represents an entire energy system both numerically and graphically, from its primary energy sources to their final energy forms, and consuming sectors. Using ENs we can calculate the PEF of any energy form and depict it in a simple and meaningful graph that shows the details of the contribution of each primary energy and the efficiency of the associated process. The analysis of these PEFs leads to significant conclusions regarding the energy models adopted among countries, their evolution in time, the selection of viable ways to improve efficiency, and the detection of best practices that could contribute to the overall energy efficiency targets. - Highlights: • Primary Energy Factors (PEFs) are foundation of much energy legislation and research. • Traditionally, they have been treated as geotemporally invariant. • This work provides a systematic and transparent methodology for adding variability. • It also shows the variability between regions due to market, policy, and technology. • Finally it demonstrates the utility of extended PEFs as a tool in their own right

  19. Business cycle and economic-wide energy intensity: The implications for energy conservation policy in Algeria

    Adom, Philip Kofi

    2015-01-01

    Despite the prevalence of voluntary and involuntary energy conservation policies, developing countries in Africa continue to struggle to achieve energy efficiency targets. Consequently, energy intensity levels have risen threatening the security of the energy system. This raises the important question: is there an economic state that induces agents to be energy conscious? In this study, we study the case of Algeria's energy intensity from 1971 to 2010. First, the paper argues that there is a certain economic state that economic agents find investing in energy conservation a viable option. Any state different from that would mean not investing in energy conservation. Second, the paper argues that the economy can do better even with an infinitesimal reduction in fuel subsidy, and that the gains in revenue from the policy can compensate for the negative socio-economic and equity impacts associated with such a policy. Third, the paper argues that, so long as, industrial expansion in the country move parallel with investment in technological innovation, long-term sustainable growth and energy conservation targets are jointly feasible. Fourth, the paper shows that income elasticity evolves with the business cycle, and the absorptive capability of the host country affects how FDI (foreign direct inflows) impact energy intensity. - Highlights: • Low income states inhibit fuel substitution and investment in energy conservation. • Income elasticity evolves as we pass through boom and recessionary periods. • The goals of sustainable growth and energy conservation are not mutually exclusive. • Absorptive capability affects the impact of FDI on energy intensity

  20. Monetary conversion factors for economic evaluations of substance use disorders.

    McCollister, Kathryn; Yang, Xuan; Sayed, Bisma; French, Michael T; Leff, Jared A; Schackman, Bruce R

    2017-10-01

    Estimating the economic consequences of substance use disorders (SUDs) is important for evaluating existing programs and new interventions. Policy makers in particular must weigh program effectiveness with scalability and sustainability considerations in deciding which programs to fund with limited resources. This study provides a comprehensive list of monetary conversion factors for a broad range of consequences, services, and outcomes, which can be used in economic evaluations of SUD interventions (primarily in the United States), including common co-occurring conditions such as HCV and HIV. Economic measures were selected from standardized clinical assessment instruments that are used in randomized clinical trials and other research studies (e.g., quasi-experimental community-based projects) to evaluate the impact of SUD interventions. National datasets were also reviewed for additional SUD-related consequences, services, and outcomes. Monetary conversion factors were identified through a comprehensive literature review of published articles as well as targeted searches of other sources such as government reports. Eight service/consequence/outcome domains were identified containing more than sixty monetizable measures of medical and behavioral health services, laboratory services, SUD treatment, social services, productivity outcomes, disability outcomes, criminal activity and criminal justice services, and infectious diseases consequences. Unit-specific monetary conversion factors are reported, along with upper and lower bound estimates, whenever possible. Having an updated and standardized source of monetary conversion factors will facilitate and improve future economic evaluations of interventions targeting SUDs and other risky behaviors. This exercise should be repeated periodically as new sources of data become available to maintain the timeliness, comprehensiveness, and quality of these estimates. Copyright © 2017 The Authors. Published by Elsevier Inc

  1. Population as an Economic Development Factor: the Case of Kosovo

    Rahmije MUSTAFA-TOPXHIU; Florentina XHELILI-KRASNIQI; Justina PULA-SHIROKA

    2017-01-01

    Kosovo's population is a young population and is gradually entering the final stage of demographic transition, that is characterized by considerable decline in fertility, natality, mortality and natural growth. Despite demographic disturbances caused by numerous social and economic factors, the long period under Serbian occupation, major population displacement and the War of 1999, the population of Kosovo over the last hundred years have continued to increase, with high and low fluctuations....

  2. Technical-economic analysis of electric energy storage systems

    Stefanescu, Florian; Curuia, Marian; Brad, Sebastian; Anghel, Mihai; Stefanescu, Ioan

    2009-01-01

    Fluctuations in electric energy consumption and changes that affected last years the electric energy market, as well, entail perturbations in transport and distribution systems due to outrunning of their current physical capacities. Consequently, storing the electric energy in buffer systems appears to be a must owing to its strategic and economical importance. Indeed, it can enhance firmly the capacity of fulfilling the electric energy demands in real time and so, avoiding the blackout events caused by disruptions in power supply . Also, of great importance is the role of energy storing systems as backing ancillaries for promoting variable or uncertain renewable sources (like photovoltaic or wind sources). The Superconducting Magnetic Energy Storage (SMES) is a promising system of direct storing of electricity by means of magnetic energy deposing in a short-circuited superconducting loop. However difficulties related to the use o superconducting systems and cryogenic temperatures (concerning construction and maintenance) hinder at present the application of SMES systems on a scale larger than some particular applications. Actually, owing to the lack of alternative solutions the rather high costs are accepted in such cases

  3. Influence Factors of the Economic Development Level Across European Countries

    Diana Ioana POPA

    2016-06-01

    Full Text Available The economic development level of a country refers to the measure of the progress in an economy that could be measured, especially through GDP or GDP per capita. The level of these indicators can be influenced by many factors as a large scale, from social and economical to environmental and government policies factors. The paper aims to investigate some of these influence factors of the economic development level, represented in this case by GDP per capita, across European countries in the context of the most recently crisis, named the Great Recession (2008 and after, when the economies are starting to recover (2013. Using linear regression in R (lm function, the goal is to explain the relationship between the interest variable (GDP per capita and certain independent variables. It is expected that even tough the estimators are to be different – as level – in both cases studied, the relationship type between them to be the same. The goodness of fit for the models used will be made based on ANOVA.

  4. DETERMINANT FACTORS OF FINANCIAL REPORTING QUALITY AND ECONOMIC CONSEQUENCES

    Zaenal Fanani

    2017-03-01

    Full Text Available The aim of this research was to prove empirically the determining factors that influence the quality of financialreporting and the economic consequences, and there were influence differences of quality attributes of financialreporting to the economic consequences. The research samples were taken by purposive sampling so it obtained141 listed manufacturing businesses from 2001 to 2006. The research used four data analysis technique:auxiliary regression R2, confirmatory factor analysis, simple regression, and multiple regressions. The resultsshowed seven attributes, there were five attributes that gave contribution for financial reporting quality namelyaccrual quality, predictability, smoothness, relevance value, and conservatism while the persistence and timelinessgave small contribution. The five attributes were also different each other. From the thirteen determiningfactors, it showed nine factors that produced significant influences namely operation cycle, sales volatility,firm size, firm age, loss proportion, leverage, environmental risk, institutional ownership, market concentration,and auditor quality, while the other three, they were liquidity, managerial ownership, and investmentgrowth that were not significant. Testing results of economic consequences of quality of financial reportingshowed that the quality of factorial financial reporting influenced negatively and significantly toward informationasymmetry.

  5. Relationship of Energy Growth to Economic Growth under Alternative Energy Policies

    Behling, Jr., D. J.; Dullien, R.; Hudson, E.

    1976-03-01

    This report is the first of a series of studies that will analyze the economic and social impacts of research, development, and demonstration plans of the Energy Research and Development Administration. Two policy proposals were examined against a Base Case set of economic and energy projections for the years 1985, 1990, and 2000: (1) the introduction of RD and D-initiated energy supply and end-use conversion technologies to expand domestic energy supply and to improve the efficiency and flexibility of its use; and (2) the imposition of taxes and tariffs on petroleum and natural gas to reduce demand for these primary energy sources. Targets for the amounts of imports of oil and gas were specified by ERDA as follows: 10 percent (or less) of total U.S. energy consumption in 1985; 8 percent (or less) of total U.S. energy consumption in 1990; and 5 percent (or less) of total U.S. energy consumption in 2000. The purpose of the analysis was to first identify the degree to which the introduction of new energy technologies and/or the imposition of energy taxes could reduce oil and gas imports toward the target levels; and second, to estimate the effects of these policies on the economy and the environment. These economic and environmental effects are thus a measure of the costs associated with meeting the import targets. The benefits of these policies, in the form of increased economic and political security were not measured. The analysis was based on an analytic framework which linked detailed mathematical process engineering and economic models to more aggregate econometric models. The four models employed are described.

  6. Uranium reserves and the economic factors for their transformation in electricity

    Ortiz M, J. R.

    2009-01-01

    In diverse national and international forums, it is has come discussing the idea that the nuclear energy can offer a valuable contribution to the electricity demand and the gases emission of greenhouse effect, due to its unique characteristics in terms of energy density, environmental sustainable and economic viability. Before this panorama it is convenient to meditate about the current situation of the uranium reserves and the economic factors that impact in their conversion to arrive to the nuclear fuel and of there to the electric generation, with the purpose of establishing the available levels of sufficiency, considering the current consumption tendencies, as the increase scenarios. Starting from an analysis about the uranium reserves, the purpose of this work is to make a description of the phases of the nuclear fuel cycle, considering the technological options that there is, as well as the repercussion of its economic aspects. (Author)

  7. Economic Analysis of Solar Energy Using in Oil Sector Economy in Republic of Tatarstan

    Kulikova, L. I.; Goshunova, A. V.; Nutfullina, D. I.

    2017-11-01

    In the current economic conditions further increase of the profit or maintenance of its current level on the base of extensive development factors is no longer possible. The example of the oil-extracting company in the Republic of Tatarstan demonstrates that in the future it will be possible to replace traditional energy sources with solar energy; it will reduce energy costs for oil extraction, production costs and provide an increase of corporate efficiency. The economic analysis results show that the use of solar electricity can lead to 4.68% reduction in total electricity costs. In addition, the energy consumption per ton of oil produced is reduced. The share of electricity costs in the oil cost is reducing from 12.13% to 11.56%. Consequently, in the long term, the impact of total energy costs reduction can become more significant. In this way solar energy can become quite a real alternative in ensuring the energy needs of the economy of the oil-extracting sector of the Republic of Tatarstan and become a driver of intensive economic development.

  8. Energy consumption and economic growth relationship: Evidence from panel data for low and middle income countries

    Ozturk, Ilhan; Aslan, Alper; Kalyoncu, Huseyin

    2010-01-01

    This paper uses the panel data of energy consumption (EC) and economic growth (GDP) for 51 countries from 1971 to 2005. These countries are divided into three groups: low income group, lower middle income group and upper middle income group countries. Firstly, a relationship between energy consumption and economic growth is investigated by employing panel cointegration method. Secondly, panel causality test is applied to investigate the way of causality between the energy consumption and economic growth. Finally, we test whether there is a strong or weak relationship between these variables by using method. The empirical results of this study are as follows: i) Energy consumption and GDP are cointegrated for all three income group countries. ii) The panel causality test results reveal that there is long-run Granger causality running from GDP to EC for low income countries and there is bidirectional causality between EC and GDP for middle income countries. iii) The estimated cointegration factor, β, is not close to 1. In other words, no strong relation is found between energy consumption and economic growth for all income groups considered in this study. The findings of this study have important policy implications and it shows that this issue still deserves further attention in future research.

  9. Economic costs and benefits of the renewable energy sources

    De Leo, G. A.

    2001-01-01

    In this work it has been analysed the potential diffusion of renewable energy sources and co-generation in the Italian market on the basis of the level of maturation of the different technologies, predicted market growth and environmental impacts associated to them. A sensitivity analysis on external costs generated by global climate changes has allowed everybody to assess how possible errors in estimating the potential impact of greenhouse gasses can affect the estimate of the economic performances of different scenarios of energetic development. On the basis of these considerations, it can be outlined a potential doubling of energy production by renewable energies in the next 10 years, with specific reference of small hydroelectric, biogass and eolic power plants [it

  10. Managing peak loads in energy grids: Comparative economic analysis

    Zhuk, A.; Zeigarnik, Yu.; Buzoverov, E.; Sheindlin, A.

    2016-01-01

    One of the key issues in modern energy technology is managing the imbalance between the generated power and the load, particularly during times of peak demand. The increasing use of renewable energy sources makes this problem even more acute. Various existing technologies, including stationary battery energy storage systems (BESS), can be employed to provide additional power during peak demand times. In the future, integration of on-board batteries of the growing fleet of electric vehicles (EV) and plug-in hybrid electric vehicles (PHEV) into the grid can provide power during peak demand hours (vehicle-to-grid, or V2G technology). This work provides cost estimates of managing peak energy demands using traditional technologies, such as maneuverable power plants, conventional hydroelectric, pumped storage plants and peaker generators, as well as BESS and V2G technologies. The derived estimates provide both per kWh and kW year of energy supplied to the grid. The analysis demonstrates that the use of battery storage is economically justified for short peak demand periods of <1 h. For longer durations, the most suitable technology remains the use of maneuverable steam gas power plants, gas turbine,reciprocating gas engine peaker generators, conventional hydroelectric, pumped storage plants. - Highlights: • Cost of managing peak energy demand employing different technologies are estimated. • Traditional technologies, stationary battery storage and V2G are compared. • Battery storage is economically justified for peak demand periods of <1 h. • V2G appears to have better efficiency than stationary battery storage in low voltage power grids.

  11. An Interdisciplinary Education of Sustainability, Energy and Green Economics

    Sikand, M. V.; Mazzatenta, C.; Wong, K.; Socha, A.

    2017-12-01

    This following project demonstrates an interdisciplinary method of teaching Sustainability, Energy and Green Economics. It is shown that an interdisciplinary approach to introduce students to the foundations of sustainability strongly connects education with real world applications, and highlights the growing influence of sustainable practices on the world at large. The authors will present results from the interdisciplinary course "Sustainability, Energy and Green Economy" taught at the Center of Sustainable Energy, Bronx Community College, City University of New York (CSE-BCC-CUNY) by faculty from Physics, Chemistry, Biology. The course curriculum covers the relationship of humans within their environment, the facts of climate change, an analysis of the current global energy portfolio, the burgeoning renewable energy sector, and connections between consumption and quality of life. The students are exposed to empirical data and asked to evaluate trends to ascertain the future energy and resource demands of a growing global population. The students are lead through an estimation of their own carbon footprint. Emphasis is made on the concept of `Life Cycle Analysis' and how such analyses can be used to create market value and a "green product". The interdisciplinary approach to teach students on how the principles of sustainability are building the green economy and how to build a successful career within today's workforce encourages students to apply the critical lens of sustainability to all aspects of their personal lives, as well as local, regional and global economies. The authors will present data collected by students to formulate and articulate a hypothesis specifically related to the sustainability of societal and economic market trends.

  12. Energy efficiency, human behavior, and economic growth: Challenges to cutting energy demand to sustainable levels

    Santarius, Tilman

    2015-03-01

    Increasing energy efficiency in households, transportation, industries, and services is an important strategy to reduce energy service demand to levels that allow the steep reduction of greenhouse gases, and a full fledged switch of energy systems to a renewable basis. Yet, technological efficiency improvements may generate so-called rebound effects, which may `eat up' parts of the technical savings potential. This article provides a comprehensive review of existing research on these effects, raises critiques, and points out open questions. It introduces micro-economic rebound effect and suggests extending consumer-side analysis to incorporate potential `psychological rebound effects.' It then discusses meso-economic rebound effects, i.e. producer-side and market-level rebounds, which so far have achieved little attention in the literature. Finally, the article critically reviews evidence for macro-economic rebound effects as energy efficiency-induced economic growth impacts. For all three categories, the article summarizes assessments of their potential quantitative scope, while pointing out remaining methodological weaknesses and open questions. As a rough "rule of thumb", in the long term and on gross average, only half the technical savings potential of across-the-board efficiency improvements may actually be achieved in the real world. Policies that aim at cutting energy service demand to sustainable levels are well advised to take due note of detrimental behavioral and economic growth impacts, and should foster policies and measures that can contain them.

  13. Energy indicators series: analyzing the energy-related evidence of economic transition in the Pacific Rim

    Paga, Enrique; Birol, Fatih

    1992-01-01

    In recent years, much attention has been focused upon the Asian Pacific countries as constituting an economic 'miracle' over the last two decades. Economic growth in the Pacific Rim has been higher than in any other area of the world. The rapid industrialization process and its impact on the economies of these countries, at both macro and micro levels, are discussed widely in the economic literature. Of particular interest are the fundamental structural changes these countries have experienced in their transition to industrialized economies. This instalment of the annual 'Energy indicators' series concentrates on Pacific Rim countries, namely Hong Kong, the Philippines, Singapore, South Korea, Taiwan and Thailand. Similar to other experiences, rapid economic growth in these countries has been accompanied by 'spectacular' growth in demand for energy. Therefore, this year's paper not only underlines certain trends in these six energy markets but also attempts to test the phenomenon 'threshold country', i.e., shifting from the developing to the industrialized world by using common indicators and methodologies. The analysis starts with a comparison of energy intensities. Section 2 provides an overview of the socio-economic and energy indicators of the Pacific Rim countries. Section 3 introduces a standard econometric model on the most dynamic consuming sector, namely transport. Section 4 presents the projections of consumption in this sector and discusses policy issues. Some concluding remarks in Section 6 complete the paper. (author)

  14. Energy efficiency, human behavior, and economic growth: Challenges to cutting energy demand to sustainable levels

    Santarius, Tilman, E-mail: tilman@santarius.de [Visiting Scholar, Institute of European Studies and Energy and Resources Group, University of California, Berkeley, 310 Barrows Hall, Berkeley, CA 94720-3050 (United States)

    2015-03-30

    Increasing energy efficiency in households, transportation, industries, and services is an important strategy to reduce energy service demand to levels that allow the steep reduction of greenhouse gases, and a full fledged switch of energy systems to a renewable basis. Yet, technological efficiency improvements may generate so-called rebound effects, which may ‘eat up’ parts of the technical savings potential. This article provides a comprehensive review of existing research on these effects, raises critiques, and points out open questions. It introduces micro-economic rebound effect and suggests extending consumer-side analysis to incorporate potential ‘psychological rebound effects.’ It then discusses meso-economic rebound effects, i.e. producer-side and market-level rebounds, which so far have achieved little attention in the literature. Finally, the article critically reviews evidence for macro-economic rebound effects as energy efficiency-induced economic growth impacts. For all three categories, the article summarizes assessments of their potential quantitative scope, while pointing out remaining methodological weaknesses and open questions. As a rough “rule of thumb”, in the long term and on gross average, only half the technical savings potential of across-the-board efficiency improvements may actually be achieved in the real world. Policies that aim at cutting energy service demand to sustainable levels are well advised to take due note of detrimental behavioral and economic growth impacts, and should foster policies and measures that can contain them.

  15. The causal relationship between energy consumption and economic growth in Lebanon

    Dagher, Leila; Yacoubian, Talar

    2012-01-01

    This paper investigates the dynamic causal relationship between energy consumption and economic growth in Lebanon over the period 1980–2009. Within a bivariate framework, imposed on us due to data limitations, and in an effort to increase the robustness of our results, we employ a variety of causality tests, namely, Hsiao, Toda-Yamamoto, and vector error correction based Granger causality tests. We find strong evidence of a bidirectional relationship both in the short-run and in the long-run, indicating that energy is a limiting factor to economic growth in Lebanon. From a policy perspective, the confirmation of the feedback hypothesis warns against the use of policy instruments geared towards restricting energy consumption, as these may lead to adverse effects on economic growth. Consequently, there is a pressing need to revise the current national energy policy that calls for a 5% energy conservation target. Also, to shield the country from external supply shocks, given its substantial dependence on energy imports, policymakers should emphasize the development of domestic energy resources. Further, the most pertinent implication is that relaxing the present electric capacity shortages should be made a national priority, in view of its potential positive effect on the economy. - Highlights: ► We investigate the energy-GDP nexus for Lebanon. ► Evidence of a bidirectional relationship both in the short- and the long-run is found. ► Reducing outages by expanding electric capacity should thus be prioritized. ► The energy plan calling for a 5% reduction in energy consumption needs to be revised. ► Development of domestic energy sources will help in mitigating energy supply shocks.

  16. Technical and Economic Potential of Distributed Energy Storages for the Integration of Renewable Energy

    Sveinbjörnsson, Dadi Þorsteinn; Trier, Daniel; Hansen, Kenneth

    Very high penetration of fluctuating renewable energy sources can lead to new challenges in balancing energy supply and demand in future energy systems. This work, carried out as a part of Annex 28 of the IEA ECES programme, addresses this. The aim of the study is to identify which role decentral...... indicate that sector coupling along with an intelligent choice of distributed energy storage technologies can enable the integration of large shares of fluctuating renewable energy in an energy efficient and cost-effective way.......Very high penetration of fluctuating renewable energy sources can lead to new challenges in balancing energy supply and demand in future energy systems. This work, carried out as a part of Annex 28 of the IEA ECES programme, addresses this. The aim of the study is to identify which role...... decentralised energy storages (DES) should play in integrating fluctuating renewable energy sources. The technical and economic potential for DES solutions is quantified using energy system modelling, and it is identified which DES technologies have the largest total (technical and economic) potential. For this...

  17. Mashreq Arab interconnected power system potential for economic energy trading

    Al-Shehri, A.M.; El-Amin, I.M.; Opoku, G.; Al-Baiyat, S.A.; Zedan, F.M.

    1994-01-01

    The Mashreq Arab countries covered in this study are Bahrain, Egypt, Jordan, Lebanon, Oman, Qatar, Saudi Arabia, Syria, the United Arab Emirates, and Yemen. A feasibility study for the interconnection of the electrical networks of the Mashreq Arab countries, sponsored by the Arab Fund, was completed in June 1992. Each country is served by one utility except Saudi Arabia, which is served by four major utilities and some smaller utilities serving remote towns and small load centers. The major utilities are the Saudi consolidated electric Company in the Eastern Province (SCECO East), SCECO Center, SCECO West, and SCECO South. These are the ones considered in this study. The Mashreq Arab region has a considerable mix of energy resources. Egypt and Syria have some limited amounts of hydropower resources, and the Arabian Gulf region is abundant in fossil fuel reserves. Owing to the differences in energy production costs, a potential exists for substantial energy trading between electric utilities in the region. The major objective of this project is to study the feasibility of electric energy trading between the Mashreq Arab countries. The basis, assumptions, and methodologies on which this energy trading study is based relate to the results and conclusions arising out of the previous study, power plant characteristics and costs, assumptions on economic parameters, rules for economy energy exchange, etc. This paper presents the basis, methodology, and major findings of the study

  18. Brazilian waste potential: energy, environmental, social and economic benefits

    Oliveira, L.B.; Rosa, L.P.

    2003-01-01

    The potential energy that could be produced from solid wastes in Brazil tops 50 TWh. Equivalent to some 17% of the nation's total power consumption at costs that are competitive with more traditional options, this would also reduce greenhouse gases emissions. Moreover, managing wastes for energy generation purposes could well open up thousands of jobs for unskilled workers. Related to power generation and conservation, energy use requires discussions on the feasibility of each energy supply option, and comparison between alternatives available on the market. Power conservation is compared to projects implemented by the Federal Government, while power generation is rated against thermo-power plants fired by natural gas running on a combined cycle system. Although the operating costs of selective garbage collection for energy generation are higher than current levels, the net operating revenues of this scheme reach some US$ 4 billion/year. This underpins the feasibility of garbage management being underwritten by energy uses and avoided environmental costs. The suggested optimization of the technical, economic, social and environmental sustainability of the expansion of Brazil's power sector consists of compatibilizing the use of fossil and renewable fuels, which is particularly relevant for hybrid thermo-power plants with null account on greenhouse gases emissions

  19. Economics in Criticality and Restoration of Energy Infrastructures.

    Boyd, Gale A.; Flaim, Silvio J.; Folga, Stephen M.; Gotham, Douglas J.; McLamore, Michael R.; Novak, Mary H.; Roop, Joe M.; Rossmann, Charles G.; Shamsuddin, Shabbir A.; Zeichner, Lee M.; Stamber, Kevin L.

    2005-03-01

    Economists, systems analysts, engineers, regulatory specialists, and other experts were assembled from academia, the national laboratories, and the energy industry to discuss present restoration practices (many have already been defined to the level of operational protocols) in the sectors of the energy infrastructure as well as other infrastructures, to identify whether economics, a discipline concerned with the allocation of scarce resources, is explicitly or implicitly a part of restoration strategies, and if there are novel economic techniques and solution methods that could be used help encourage the restoration of energy services more quickly than present practices or to restore service more efficiently from an economic perspective. AcknowledgementsDevelopment of this work into a coherent product with a useful message has occurred thanks to the thoughtful support of several individuals:Kenneth Friedman, Department of Energy, Office of Energy Assurance, provided the impetus for the work, as well as several suggestions and reminders of direction along the way. Funding from DOE/OEA was critical to the completion of this effort.Arnold Baker, Chief Economist, Sandia National Laboratories, and James Peerenboom, Director, Infrastructure Assurance Center, Argonne National Laboratory, provided valuable contacts that helped to populate the authoring team with the proper mix of economists, engineers, and systems and regulatory specialists to meet the objectives of the work.Several individuals provided valuable review of the document at various stages of completion, and provided suggestions that were valuable to the editing process. This list of reviewers includes Jeffrey Roark, Economist, Tennessee Valley Authority; James R. Dalrymple, Manager of Transmission System Services and Transmission/Power Supply, Tennessee Valley Authority; William Mampre, Vice President, EN Engineering; Kevin Degenstein, EN Engineering; and Patrick Wilgang, Department of Energy, Office of

  20. Energy and economic development in Lithuania and neighbouring countries

    Jankauskas, V.; Shtremeikiene, D.

    1995-01-01

    In Lithuania as also in neighbouring countries (Poland, Latvia, Belarus, Russia) economic reforms are going on. All these countries, better or worse, slower or quicker, are restructuring their economies from centrally planned into market based ones. The neighbouring countries also are the main Lithuania's trading partners, and Russia is a sole supplier of crude oil and natural gas. This article deals with the analysis of the latest economic development in Lithuania and in neighbouring countries, as well as with it impact on the development of the Lithuanian energy sector. The analysis is based on the statistical data of the last few years and on some projections of future development. (author). 12 refs., 7 tabs., 21 figs

  1. Key Factors for Nuclear Being Economic after Fukushima

    Roh, Myung Sub; Park, Seo Yeon [KEPCO International Nuclear Graduate School, Ulju (Korea, Republic of)

    2012-05-15

    It is hard to overstate the importance of electricity to the standard of living and the quality of life in a country. Electricity demand grows with population and with the changing nature, level and composition of economic and social activity. Civilization, industrialization and urbanization are, of course, key factors. It, historically, has shown that each major nuclear accident has caused a re-examination of the risk of nuclear power leading to more stringent safety requirement and higher costs. The Fukushima accident and its likely impact on future nuclear power development are difficult to foresee. The accident was a tragedy for the people affected and seriously undermined public confidence in the safety of nuclear power. A number of countries announced reviews of their programs, some took steps toward phasing out nuclear power entirely, and others reemphasized their expansion plans. The Korean nuclear community is carry out many ambitious projects for last three decades continuously and facing the another challenges relating to the future nuclear power economics and difficulty in financing new investment. In order to meet the above economic objective, it is strongly recommended that great emphasis should be placed on maintaining the nuclear economics without jeopardizing safety such as design simplification, standardization, shortening of construction period, increased availability, etc

  2. Key Factors for Nuclear Being Economic after Fukushima

    Roh, Myung Sub; Park, Seo Yeon

    2012-01-01

    It is hard to overstate the importance of electricity to the standard of living and the quality of life in a country. Electricity demand grows with population and with the changing nature, level and composition of economic and social activity. Civilization, industrialization and urbanization are, of course, key factors. It, historically, has shown that each major nuclear accident has caused a re-examination of the risk of nuclear power leading to more stringent safety requirement and higher costs. The Fukushima accident and its likely impact on future nuclear power development are difficult to foresee. The accident was a tragedy for the people affected and seriously undermined public confidence in the safety of nuclear power. A number of countries announced reviews of their programs, some took steps toward phasing out nuclear power entirely, and others reemphasized their expansion plans. The Korean nuclear community is carry out many ambitious projects for last three decades continuously and facing the another challenges relating to the future nuclear power economics and difficulty in financing new investment. In order to meet the above economic objective, it is strongly recommended that great emphasis should be placed on maintaining the nuclear economics without jeopardizing safety such as design simplification, standardization, shortening of construction period, increased availability, etc

  3. Economic Possibilities and Management of Solar Energy Use in Tourism

    Marinela KRSTINIC NIZIC; Elena RUDAN

    2013-01-01

    Due to its geographical position and its climate conditions, Croatia as a tourism destination has numerous and completely untapped potentials in solar energy application. Every tourism coastal and island settlement could resolve their key issues in hotels, private accommodation, and other tourism bearers by applying the district heating/cooling systems. Specific condition along the Adriatic Coast should be indicated, with increase in energy security representing an important tourism factor. A...

  4. Gas and energy efficiency. The ''E'' factor

    McGregor, G.

    1992-06-01

    On 1 April 1992 a new gas tariff formula came into effect limiting the prices British Gas can charge to its 18 million -primarily domestic - tariff customers. A feature of the new formula is the ''E'' factor, designed to stimulate investment by British Gas in energy efficiency. This paper is intended to explain the thinking which lay behind the introduction of the ''E''factor, what statutory and other considerations need to be taken into account in considering ''E'' factor proposals and how the arrangements for the gas industry are likely to fit in with the creation of an Energy Savings Trust recently announced by the Government. In doing so, it is intended to give guidance to those who may have proposals for the more efficient use of energy and gas and wish to understand whether these could be eligible to be considered as ''E'' factor projects. (Author)

  5. Thailand's energy security: Strategic Petroleum Reserve and its economic impacts

    Leesombatpiboon, Poonpat

    This dissertation studies Thailand's energy security from three related perspectives, the role of oil on the Thai macroeconomy, the sectoral demand for oil in Thailand, and the Strategic Petroleum Reserve (SPR) policy for the Thai economy. The first part of my dissertation estimates an error correction model of aggregate production function for Thailand. Thai economic growth is modeled as a function of labor, capital, and oil consumption. Unlike previous studies that focus on testing the causal relationship between energy consumption and economic growth, I focus on measuring the elasticity of economic growth with respect to oil consumption and oil prices. I find a cointegration relationship between GDP, capital, labor, and oil consumption. The results suggest that there exists a constant-return-to-scale characteristic in Thailand's aggregate production function with the contribution of labor, oil, and capital to output around 68, 19, and 13 percent respectively. The long-run and short-run contribution of oil consumption to the economy appears to be fairly close, suggesting that oil has a critical role in the Thai economy. In the short run, oil shortages have a much more severe impact on Thai economy than the effects of an oil price shock. For example, a 10 percent shortfall in oil consumption might cause economic growth to shrink by 2 percent within the same year while a sharp10 percent rise in oil prices canlead output growth to a fall by about 0.5 percent. The response of output to increases and decreases in oil prices is found to be asymmetric in the short run. The second part of my dissertation examines the short-run and long-run determinants of final oil consumption in seven major economic sectors in Thailand. Two different approaches are compared. The first approach uses dynamic panel data estimation techniques taking into account oil consumption of the whole economy in an aggregate manner. The second approach employs the Autoregressive Distributed Lag (ADL

  6. Comparing World Economic and Net Energy Metrics, Part 3: Macroeconomic Historical and Future Perspectives

    Carey W. King

    2015-11-01

    Full Text Available I use energy cost share to characterize the role of energy in the economy. Specifically, I use an estimate of monetary expenditures for primary energy on an annualized basis for forty-four countries from 1978 to 2010 for natural gas, coal, petroleum, and electricity. I show that global energy cost share is significantly correlated to a one-year lag in the change in gross domestic product as well as measures of total factor productivity. Given the historical reduction in the relative cost of energy (including food and fodder for animate power since the start of the Industrial Revolution, combined with a global energy cost share estimate, I conclude that the turn of the 21st Century represents the time period with the cheapest energy in the history of human civilization (to date. This potential historical nadir for energy expenditures around 2000 has important ramifications for strategies to solve future social, economic, and environmental problems such as reducing annual emissions of greenhouse gases (GHGs. Rapidly decreasing annual GHG emissions while internalizing their costs into the economy might feedback to increase energy expenditures to such a degree as to prevent economic growth during that transition.

  7. Estimating Renewable Energy Economic Potential in the United States. Methodology and Initial Results

    Brown, Austin; Beiter, Philipp; Heimiller, Donna; Davidson, Carolyn; Denholm, Paul; Melius, Jennifer; Lopez, Anthony; Hettinger, Dylan; Mulcahy, David; Porro, Gian

    2016-08-01

    This report describes a geospatial analysis method to estimate the economic potential of several renewable resources available for electricity generation in the United States. Economic potential, one measure of renewable generation potential, may be defined in several ways. For example, one definition might be expected revenues (based on local market prices) minus generation costs, considered over the expected lifetime of the generation asset. Another definition might be generation costs relative to a benchmark (e.g., a natural gas combined cycle plant) using assumptions of fuel prices, capital cost, and plant efficiency. Economic potential in this report is defined as the subset of the available resource technical potential where the cost required to generate the electricity (which determines the minimum revenue requirements for development of the resource) is below the revenue available in terms of displaced energy and displaced capacity. The assessment is conducted at a high geospatial resolution (more than 150,000 technology-specific sites in the continental United States) to capture the significant variation in local resource, costs, and revenue potential. This metric can be a useful screening factor for understanding the economic viability of renewable generation technologies at a specific location. In contrast to many common estimates of renewable energy potential, economic potential does not consider market dynamics, customer demand, or most policy drivers that may incent renewable energy generation.

  8. Energy consumption and economic growth on the focus on nuclear energy

    Ozkan, Filiz [Sakarya Univ., Sakarya (Turkey). Dept. of Financial Econometric; Pektas, Ali Osman [Bahcesehir Univ., Istanbul (Turkey). Dept. of Civil Engineering; Ozkan, Omer [Istanbul Medeniyet Univ. (Turkey). Dept. of Civil Engineering

    2017-01-15

    Since the quest for global and personal prosperity, the drive to eradicate poverty and the motivation to ensure sustainability for the world are collectively dependent on a supply of safe, emissions-free power there are many studies in literature focuses on the relationship between economic growth and energy consumption. This study tries to enlarge the dimensions of these researches by using a large dataset. The second aim of this study is to focus on Nuclear energy consumption. According to the empirical results of the study, Energy consumption is found as co-integrated with the GDP in all 55 countries. There exist bidirectional causality between nuclear, renewable energy consumption and the GDP. Additionally, the unidirectional causality extends from economic growth to hydroelectric, petroleum, coal and total energy consumption.

  9. Energy consumption and economic growth on the focus on nuclear energy

    Ozkan, Filiz; Pektas, Ali Osman; Ozkan, Omer

    2017-01-01

    Since the quest for global and personal prosperity, the drive to eradicate poverty and the motivation to ensure sustainability for the world are collectively dependent on a supply of safe, emissions-free power there are many studies in literature focuses on the relationship between economic growth and energy consumption. This study tries to enlarge the dimensions of these researches by using a large dataset. The second aim of this study is to focus on Nuclear energy consumption. According to the empirical results of the study, Energy consumption is found as co-integrated with the GDP in all 55 countries. There exist bidirectional causality between nuclear, renewable energy consumption and the GDP. Additionally, the unidirectional causality extends from economic growth to hydroelectric, petroleum, coal and total energy consumption.

  10. Is nuclear energy reasonable with national economic regards?

    Scholz, L.

    1989-01-01

    In answering the question of whether a nuclear phaseout can be acceptable with national economic respects, one is confronted with the following basic question: Are the risks associated with nuclear energy reasonable in terms of safety and the conservation of the environment. Effective and responsible action in this question presupposes a clear political will and judgment. Because of the necessity of having to put up in the case of nuclear energy - a basic innovation whose development has yet a long way to go - with nuclear legal terms, are faced with a dilemma. In the opinion of energy engineers and the energy industry, the central part of the controversy on nuclear power is about the problem of coming to terms on what will be acceptable to the population as necessary precautionary measures for the event of an accident. Obviously, it is for the legislator to decide on the compatibility and social adequacy of a risk, not for the judge to interpret it on the basis of nuclear legal terms. Our national economy is now and in the future challenged with the task to research, develop, and realize hazard-prone technologies in order to shape the future. Where readiness to accept risks can no longer be assumed in the future, development prospects will be curbed in parallel. What national economic consequences will result from this, and whether they will be acceptable with national econiomic regards, is a question that has not so far been dealt with by the studies on a phaseout of nuclear energy. (orig./HSCH) [de

  11. A dynamic optimization on economic energy efficiency in development: A numerical case of China

    Wang, Dong

    2014-01-01

    This paper is based on dynamic optimization methodology to investigate the economic energy efficiency issues in developing countries. The paper introduces some definitions about energy efficiency both in economics and physics, and establishes a quantitative way for measuring the economic energy efficiency. The linkage between economic energy efficiency, energy consumption and other macroeconomic variables is demonstrated primarily. Using the methodology of dynamic optimization, a maximum problem of economic energy efficiency over time, which is subjected to the extended Solow growth model and instantaneous investment rate, is modelled. In this model, the energy consumption is set as a control variable and the capital is regarded as a state variable. The analytic solutions can be derived and the diagrammatic analysis provides saddle-point equilibrium. A numerical simulation based on China is also presented; meanwhile, the optimal paths of investment and energy consumption can be drawn. The dynamic optimization encourages governments in developing countries to pursue higher economic energy efficiency by controlling the energy consumption and regulating the investment state as it can conserve energy without influencing the achievement of steady state in terms of Solow model. If that, a sustainable development will be achieved. - Highlights: • A new definition on economic energy efficiency is proposed mathematically. • A dynamic optimization modelling links economic energy efficiency with other macroeconomic variables in long run. • Economic energy efficiency is determined by capital stock level and energy consumption. • Energy saving is a key solution for improving economic energy efficiency

  12. Economic Possibilities and Management of Solar Energy Use in Tourism

    Marinela KRSTINIC NIZIC

    2013-06-01

    Full Text Available Due to its geographical position and its climate conditions, Croatia as a tourism destination has numerous and completely untapped potentials in solar energy application. Every tourism coastal and island settlement could resolve their key issues in hotels, private accommodation, and other tourism bearers by applying the district heating/cooling systems. Specific condition along the Adriatic Coast should be indicated, with increase in energy security representing an important tourism factor. Authors' research, undertaken among the management of the Kvarner tourism destination, shows only 36% of hotels apply mostly one form of renewable energy source - solar energy, converting it into thermal energy for domestic hot water and heating systems, and seldom use photovoltaic systems for conversion into electric energy. Analysis of survey results of hotel management shows 64% of hotels use no forms of renewable energy sources, nor plan to apply them. The analysis results clearly indicate Croatian numerous benefits and opportunities for significant increase in use of renewable sources, particularly in camping tourism. Its efficacy depends on overcoming both the perceived and well-known barriers, and particularly on weak but in the future indispensable connection of all relevant policies – energy, industrial, agricultural, tourism, environmental protection, construction and areal planning – in order to ensure conditions for sustainable development, with renewable energy sources forming its essential part.

  13. The contribution of economic theory to the energy debates; L'apport de la theorie economique aux debats energetiques

    Percebois, J

    1999-11-01

    This paper proposes a brief overview of the contributions of the micro- and macro-economic theory to the answer of the following four main questions: 1 - how will change the world energy demand with respect to the economic activity and what will be the determining factors of this demand, globally and per energy source? What are the respective roles of energy prices and technological innovations? How will change the petroleum price and what will be the share of economical and political weight in this change? 2 - how passing on this price to the end-user taking into consideration the national preferences? Is there an optimum price when the energy producing, transporting and distributing company is a monopoly? 3 - what is the optimal structure of a network industry? 4 - how to integrate the local and global externalities characteristic of the energy sector in the economical calculus? (J.S.)

  14. The contribution of economic theory to the energy debates; L'apport de la theorie economique aux debats energetiques

    Percebois, J.

    1999-11-01

    This paper proposes a brief overview of the contributions of the micro- and macro-economic theory to the answer of the following four main questions: 1 - how will change the world energy demand with respect to the economic activity and what will be the determining factors of this demand, globally and per energy source? What are the respective roles of energy prices and technological innovations? How will change the petroleum price and what will be the share of economical and political weight in this change? 2 - how passing on this price to the end-user taking into consideration the national preferences? Is there an optimum price when the energy producing, transporting and distributing company is a monopoly? 3 - what is the optimal structure of a network industry? 4 - how to integrate the local and global externalities characteristic of the energy sector in the economical calculus? (J.S.)

  15. Regulation of international energy markets: Economic effects of political actions

    Shcherbakova, Anastasia V.

    Recent increases in volatility of energy prices have led many governments to reevaluate their regard of national energy reserves and reconsider future exploration, production, and consumption patterns. The flurry of activity that has been generated by such price volatility has included large-scale nationalizations of energy sectors, unilateral renegotiations of foreign energy development contracts, and expropriations of resources from foreign energy firms on one hand, and on the other hand more rapid energy sector liberalization, intensified search for and development of renewable fuels and technologies, and development of incentives for increased energy efficiency and conservation. The aim of this dissertation is to examine and quantify the extent of positive and negative effects that have resulted from some of these activities. The first chapter focuses on quantifying the effect that nationalistic sentiment has had on economic attractiveness of energy sectors during the decade prior to the recent global economic crisis, as measured by foreign direct investment (FDI) inflows. Empirical results demonstrate that both political and economic conditions play an important role in investors' decisions. A combination of investment friendliness, corruption levels, and democracy all help to explain the trends in energy-sector investment levels over time in my sample countries, although differences in the types of corruption existing in these nations do not. Investment levels, in turn, appear to influence future levels of oil production, underscoring the significance of good investment policies for future success of energy sectors. Chapter two considers the response of energy stock prices to severe regulatory actions. It employs an event study framework to examine causal effects of critical informational announcements (i.e. events of expropriation and nationalization) on daily returns and cumulative losses in firm value of energy corporations. Results show that a firm

  16. Fiscal greening and energy. Part 2. Economic effects of increase and broadening of the Regulating Energy Levy (REB)

    Lijesen, M.; Mulder, M.; Vromans, M.

    2001-07-01

    For the benefit of the discussion on greening the Dutch tax system, The Netherlands Bureau for Economic Policy Analysis (CPB) has made an analysis of the economic and environmental effects of raising the energy tax in the Netherlands, the so called Regulating Energy Tax.This energy tax is introduced in 1996 and has been raised in the following years in order to encourage energy efficiency improvement and the production of renewable energy. Since the introduction and the raising of this energy tax is coupled with a reduction of the tax tariffs on labour and capital, the tax basis is shifted towards environment polluting factors.This tax shift is called 'greening the tax system'. Five variants for raising the energy tax are analysed. In two of these variants the existing tariffs are raised by maintaining the existing exemption for energy use above a certain level. In the other two variants this level is raised, meaning that a larger part of the total energy use is taxed.In addition to these 4 variants, CPB has formulated a variant in which taxes have to be paid for all energy use without any exemption. In the long run uniform marginal tariffs for all energy users is the most efficient variant. Measures to reduce emissions will then be taken by the firms and households where the marginal reduction costs are relatively low. In the medium run the environmental and macroeconomic effects are almost the same in all variants. Raising the energy tax will result in a reduction of the emissions of CO2 in 2020 by 2,5 -8,5 Mton. The explanation for this range is the existence of large uncertainties concerning the development of costs and non-financial bottlenecks in the field of renewable energy production. The macro-economic costs of all variants in 2020 will be less then 0,1% GDP. The differences in environmental and macro-economic effects in the medium run are too small and the uncertainties about these effects are too large to rank these variants according their cost

  17. Subclinical Mastitis in Dairy Animals: Incidence, Economics, and Predisposing Factors

    Mukesh Kr. Sinha

    2014-01-01

    Full Text Available A study was conducted to assess the incidence and economics of subclinical form of bovine mastitis in Central Region of India. Daily milk records of 187 animals during three seasons were collected and subjected to analysis. The economic loss due to reduction in yield, clinical expenses, and additional resources used were quantified and aggregated. The losses due to mastitis in monetary terms were estimated to be INR1390 per lactation, among which around 49% was owing to loss of value from milk and 37% on account of veterinary expenses. Higher losses were observed in crossbred cows due to their high production potential that was affected during mastitis period. The cost of treating an animal was estimated to be INR509 which includes cost of medicine (31.10% and services (5.47%. Inadequate sanitation, hygiene, and veterinary services were the main predisposing factors for incidence and spread of mastitis as perceived by the respondents.

  18. The use of economic forecasts in Danish economic policy, with special emphasis on energy and the environment

    Nielsen, Lise

    1998-01-01

    This article discusses the use of economic forecasts in Danish economic policy, with special emphasis on energy and the environment. Two different approaches have been used to forecast energy consumption and its effects on environment in Denmark and other countries. These are the macro economic and the technical approaches. The technical approach is based on technical expertise related to energy production and energy consumption, and the article asks whether the forecasts produced by this approach are superior to macro economic forecasts of energy consumption. This question is interesting because the implications for policy resulting from the two approaches seem to be different. The analysis may have relevance to other areas outside the main economic field. (au) 22 refs

  19. Effects of stochastic energy prices on long-term energy-economic scenarios

    Krey, Volker; Martinsen, Dag; Wagner, Hermann-Josef

    2007-01-01

    In view of the currently observed energy prices, recent price scenarios, which have been very moderate until 2004, also tend to favor high future energy prices. Having a large impact on energy-economic scenarios, we incorporate uncertain energy prices into an energy systems model by including a stochastic risk function. Energy systems models are frequently used to aid scenario analysis in energy-related studies. The impact of uncertain energy prices on the supply structures and the interaction with measures in the demand sectors is the focus of the present paper. For the illustration of the methodological approach, scenarios for four EU countries are presented. Including the stochastic risk function, elements of high energy price scenarios can be found in scenarios with a moderate future development of energy prices. In contrast to scenarios with stochastic investment costs for a limited number of technologies, the inclusion of stochastic energy prices directly affects all parts of the energy system. Robust elements of hedging strategies include increasing utilization of domestic energy carriers, the use of CHP and district heat and the application of additional energy-saving measures in the end-use sectors. Region-specific technology portfolios, i.e., different hedging options, can cause growing energy exchange between the regions in comparison with the deterministic case. (author)

  20. Role of the breeder in long term energy economics

    Kosobud, R.F.; Chang, Y.I.; Daly, T.A.

    1982-01-01

    In this study the authors report the results of their study of private and public decisions affecting the use of nuclear and other energy technologies over a long run time horizon. For this purpose, the authors employ the well known ETA-MACRO model which provides for economic and energy sector interactions. In this first of their planned series of studies, they consider the impact on the use of competing energy technologies of a public decision to apply benefit-cost analysis to the production of carbon dioxide (CO 2 ) that enters the atmosphere. Assuming the public choice is to impose an appropriate penalty tax on those technologies which generate CO 2 and to allow decentralized private decisions to choose the optimal mix of energy technologies that maximize a nonlinear objective function subject to constraints, the authors find that the breeder technology is chosen to provide a much larger share of domestically consumed energy. Having the breeder technology available as a substitute permits control of CO 2 without significant reductions in consumption or gross national product growth paths

  1. Political and economic heritage of postcommunist Europe and energy market

    Sander, M.

    1999-01-01

    Transition countries include a group of countries with similar political, economic and social problems that signify the period after the end of the cold war and the fall of Communism. The paper presents the characteristics of the European Communist countries before and after the fall of the iron curtain, which influenced the transition process toward market economy. The centralist (Russian) economy model had enormous advantages at the beginning, particularly in the energy sector, owing to unlimited consumption of blood, sweat and tears during the construction of major power plants. The bureaucratic system executed ruthless expropriation of land and the existing power system, neglecting the environment and human health and even disregarding the feasibility of new power plants. The market creation and particularly the creation of an energy market, under which we understand selling and buying of all forms of energy, fuels, power plants' equipment and capital for energy sector, asks for a series of tasks from the Eastern European countries. They must accept market rules, standards of highly industrialised western countries and achievements in parliamentary democracy as the canon of behaviour in democracy. Setting up a legal infrastructure for the private sector, devising a taxation system, determining ownership rights, stabilising the macro economy in the sense of managing the government budget so as to avoid an excessive fiscal deficit, and stabilising monetary policy are primary tasks of the transition countries. The paper particularly reviews the tasks specifically related to the energy sector and analyses the problems taking into account national strategic interests. (author)

  2. Nuclear energy-economic growth nexus in OECD countries. A panel data analysis

    Ozcan, Burcu; Ari, Ayse

    2016-01-01

    The relationship between nuclear energy consumption and economic growth in 13 OECD countries from 1980 to 2012 is analyzed. The panel causality results supported the feedback hypothesis in both the short-run and long-run. There is a positive relationship between nuclear energy consumption and economic growth. As such, nuclear energy consumption and economic growth complement and reinforce each other. Nuclear energy conservation policies may negatively affect economic growth rates.

  3. Nuclear energy-economic growth nexus in OECD countries. A panel data analysis

    Ozcan, Burcu [Firat Univ., Elazig (Turkey). Dept. of Economics; Ari, Ayse [Nigde Univ. (Turkey). Dept. of Economics

    2016-01-15

    The relationship between nuclear energy consumption and economic growth in 13 OECD countries from 1980 to 2012 is analyzed. The panel causality results supported the feedback hypothesis in both the short-run and long-run. There is a positive relationship between nuclear energy consumption and economic growth. As such, nuclear energy consumption and economic growth complement and reinforce each other. Nuclear energy conservation policies may negatively affect economic growth rates.

  4. Evaluation of undrilled prospects. Sensitivity to economic and geological factors

    Hermanrud, C.; Abrahamsen, K.; Vollset, J.; Nordahl, S.; Jourdan, C.

    1996-01-01

    Economic prospect evaluation at an early stage involves personnel with different skills, such as geoscientists, reservoir engineers, construction engineers and economists. Data are transferred between these groups of people who often have only a vague understanding of the accuracy of the data they receive. This lack of communication naturally limits the correctness of the results. To improve this communication, the complete process of prospect evaluation (including both geological and economical aspects) has been followed here in order to show the different data sets that are transferred and to comment upon their accuracy. Although this paper is based entirely on Statoil's methodology, it is nevertheless believed to be of general relevance. In Statoil's methodology, prospect volumes calculated by geoscientists are given as likelihood distributions. Post-drilling examination of such volume distributions show that historically they have been too optimistic. However, historical prospect risking has correctly identified the most important risk factors and has been able to separate low-risk from high-risk prospects in a satisfactory manner. The number of appraisal wells that are needed before the development of a field can be decided upon is often crucial to the economic evaluations. This number, however, is usually underestimated during the early stages of exploration, probably because data limitations mask reservoir heterogeneities. Reservoir performance is of utmost importance to early economic calculations as it influences both the drilling costs and the production of hydrocarbons vs. time. Of course, reservoir productivity is highly uncertain when judged prior to drilling the first well. Historical data show that reserve estimates of producing fields tend to be upgraded as reservoir depletion proceeds, although several fields have had their reserve estimates downgraded shortly after production start-up. The operational and investment costs are not generally

  5. Sustainability and Economic Performance of the Companies in the Renewable Energy Sector in Romania

    Mihail Busu

    2017-12-01

    Full Text Available In this paper, we focus on the sustainability and economic performance of the renewable energy sector of Romania. In our analysis, we have used Total Quality Management (TQM model, which is an economic modern tool used for improving the quality of management for all companies. The aim of this study is to bring into discussion the conceptualized TQM model of Edward Deming underlying different stages of its evolution as it is described in the economic literature. Conceptual model is applied in a case study of the renewable energy sector of Romania. The quantitative research evaluates the impact of the total quality management to achieve the sustainable development, performance objectives and the competitive advantage of the companies in the renewable energy sector. Data was collected through a survey and the questionnaire was addressed to the management and employees in the renewable energy sector. Structural equation modelling (SEM was used and the hypotheses were tested by partial least square (PLS equations. Data was analyzed through the Smart PLS 3 software. The main contribution of this paper is to identify and evaluate the relationship among sustainable development, economic performance of the companies and TQM model indicators. The conclusions of our research are in line with the existing literature and confirm the theoretical assumptions, underlining the fact that the undertaking’s performance and sustainable development is a direct consequence of the combination among a series of factors like decisional power quality, motivated workforce as well as integrity of operational process.

  6. The economic impacts of desert power. Socio-economic aspects of an EUMENA renewable energy transition

    Blohmke, Julian; Sohm, Matthew; Zickfeld, Florian

    2013-06-15

    The countries of the Middle East and North Africa (MENA) are one of the world's largest potential growth markets for renewable energy generation. Countries throughout the region have recognized the great potential of their excellent wind and solar conditions, and ample empty space, and have ambitious plans to develop solar and wind energy. They are already making progress in realizing these renewables targets. They also increasingly recognize the great potential of renewable energy in tackling a range of challenges. At a time of high unemployment, particularly among youth, the growth of renewable energy provides an engine for creating new jobs and fostering new skill profiles among workers. Renewables can increase GDP and form the basis for a significant new source of trade revenues. As a source of energy, renewables reduce dependency on fossil fuels - whether as imports, to supply energy, or as exports. This report, Economic Impacts of Desert Power (EIDP), investigates how, and under what conditions, renewables in MENA can lead to socioeconomic benefits. EIDP shows, under various scenarios, how many jobs can be expected in three exemplary MENA countries, and how the expansion of renewables can lead to higher GDP growth rates across the region. EIDP pinpoints their economic impact across sectors and countries. At the same time, EIDP describes how these effects can be maximized through immediate and sustained policy support. The report also details how such support can be tailored to foster a self-sustaining market. In short, EIDP aims to contribute to a range of debates focused on how to maximize the benefits of green growth. EIDP illustrates the following points: - MENA can benefit economically from decarbonizing - even if the rest of the world does not pursue climate action. - Exporting excess electricity is an economic opportunity for MENA countries - several North African countries could create a major export industry with renewable electricity, which

  7. Economic Operation of Supercritical CO2 Refrigeration Energy Storage Technology

    Hay, Ryan

    With increasing penetration of intermittent renewable energy resources, improved methods of energy storage are becoming a crucial stepping stone in the path toward a smarter, greener grid. SuperCritical Technologies is a company based in Bremerton, WA that is developing a storage technology that can operate entirely on waste heat, a resource that is otherwise dispelled into the environment. The following research models this storage technology in several electricity spot markets around the US to determine if it is economically viable. A modification to the storage dispatch scheme is then presented which allows the storage unit to increase its profit in real-time markets by taking advantage of extreme price fluctuations. Next, the technology is modeled in combination with an industrial load profile on two different utility rate schedules to determine potential cost savings. The forecast of facility load has a significant impact on savings from the storage dispatch, so an exploration into this relationship is then presented.

  8. Energy and Economic Trade Offs for Advanced Technology Subsonic Aircraft

    Maddalon, D. V.; Wagner, R. D.

    1976-01-01

    Changes in future aircraft technology which conserve energy are studied, along with the effect of these changes on economic performance. Among the new technologies considered are laminar-flow control, composite materials with and without laminar-flow control, and advanced airfoils. Aircraft design features studied include high-aspect-ratio wings, thickness ratio, and range. Engine technology is held constant at the JT9D level. It is concluded that wing aspect ratios of future aircraft are likely to significantly increase as a result of new technology and the push of higher fuel prices. Composite materials may raise aspect radio to about 11 to 12 and practical laminar flow-control systems may further increase aspect ratio to 14 or more. Advanced technology provides significant reductions in aircraft take-off gross weight, energy consumption, and direct operating cost.

  9. Studies investigating economic, agricultural-economic and demographic factors influencing land use dynamics

    Mora, R.; San Juan, C.

    2009-01-01

    In this paper, we review studies investigating economic, agricultural-economic and demographic factors influencing land use dynamics, making special emphasis on the policy framework in the European Union. We find several conclusions, among which the following should be emphasized. First, this review highlights the existence of different methodologies to build up models to identify the effects of policy reforms affecting land use and desertification. Second, use of micro data to set up an econometric-process simulation model of land use has already been used with success. Third, in the geographical distribution of land use, prices drive all short and long-rung processes. Finally, logistic models have recently been used to study micro decisions at the agricultural sector to identify relative rents and land characteristics such as location and soil fertility as main determinants of land use patters. (Author) 8 refs.

  10. On the physics of power, energy and economics of renewable electric energy sources - Part II

    Skoglund, Annika; Leijon, Mats; Waters, Rafael; Rehn, Alf; Lindahl, Marcus

    2010-01-01

    Renewable Energy Technologies (RETs) are often recognized as less competitive than traditional electric energy conversion systems. Obstacles with renewable electric energy conversion systems are often referred to the intermittency of the energy sources and the relatively high maintenance cost. However, due to an intensified discourse on climate change and its effects, it has from a societal point of view, become more desirable to adopt and install CO 2 neutral power plants. Even if this has increased the competitiveness of RETs in a political sense, the new goals for RET installations must also be met with economical viability. We propose that the direction of technical development, as well as the chosen technology in new installations, should not primarily be determined by policies, but by the basic physical properties of the energy source and the associated potential for inexpensive energy production. This potential is the basic entity that drives the payback of the investment of a specific RET power plant. With regard to this, we argue that the total electric energy conversion system must be considered if effective power production is to be achieved, with focus on the possible number of full loading hours and the Degree of Utilization. This will increase the cost efficiency and economical competitiveness of RET investments, and could enhance faster diffusion of new innovations and installations without over-optimistic subsidies. This paper elaborates on the overall problem of the economy of renewable electric energy conversion systems by studying the interface between physics, engineering and economy reported for RET power plants in different scientific publications. The core objective is to show the practical use of the Degree of Utilization and how the concept is crucial for the design and economical optimization disregarding subsidies. The results clearly indicate that the future political regulative frameworks should consider the choice of renewable energy

  11. Socio-economic overview of wind energy conversion systems

    Hardy, D.R.

    1992-01-01

    A social scientist's perspective is presented on the socio-economic impacts of wind energy conversion systems (WECS) in Ontario. The main organization for delivering electricity in Ontario is Ontario Hydro. This utility has two WECS, an experimental 3.5 kW generator and a hybrid wind/diesel facility at a remote northern community. Ontario Hydro is reviewing its supply options and anticipates wind power would likely be used in niche applications involving off-grid hybrid systems where the cost of displaced generation is high. On-grid applications would likely be in the form of dispersed non-utility generation. The potential contribution of wind power to Ontario's electricity supply mix could be as little as 1 MW by the year 2000 or as high as 40 MW by the year 2014, depending on costs and technological developments. Socio-economic criteria used by the utility for assessing individual supply options include job creation, regional economic development, local community impacts, social acceptance, and distribution of risks and benefits. Initial observations of potential effects of WECS are discussed, including site selection, manufacturing, construction, and operation. Barriers to implementation of WECS in Ontario include the limited number of good wind sites, the intermittent nature of WECS power, and the currently uneconomic nature of WECS for bulk electricity systems. However, WECS have environmentally attractive features and are socially acceptable. 10 refs., 3 figs

  12. Economic impact on the Florida economy of energy price spikes

    Mory, J.F.

    1992-01-01

    A substantial disturbance in oil supplies is likely to generate a large price upsurge and a downturn in the level of economic activity. Each of these two effects diminishes demand by a certain amount. The specific price surge required to reduce demand to the lower level of supply can be calculated with an oil demand function and with empirical estimations of the association between price spikes and declines in economic activity. The first section presents an energy demand model for Florida, which provides the price and income elasticities needed. The second section includes theoretical explanations and empirical estimations of the relationship between price spikes and recessions. Based on historical evidence, it seems that Florida's and the nation's economic systems are very sensitive to oil price surges. As price spikes appear damaging to the economy, it could be expected that reductions in the price of oil are beneficial to the system. That is likely to be the case in the long run, but no empirical evidence of favorable short-term effects of oil price decreases was found. Several possible explanations and theoretical reasons are offered to explain this lack of association. The final section presents estimates of the effect of oil disruptions upon specific industries in Florida and the nation

  13. Zero energy buildings and mismatch compensation factors

    Lund, Henrik; Marszal, Anna Joanna; Heiselberg, Per

    2011-01-01

    This paper takes an overall energy system approach to analysing the mismatch problem of zero energy and zero emission buildings (ZEBs). The mismatch arises from hourly differences in energy production and consumption at the building level and results in the need for exchange of electricity via...... the public grid even though the building has an annual net-exchange of zero. This paper argues that, when looked upon from the viewpoint of the overall electricity supply system, a mismatch can be both negative and positive. Moreover, there are often both an element of levelling out mismatches between...... of the energy production unit. Based on historical data for the electricity supply area in western Denmark, this paper makes a first attempt to quantify mismatch compensation factors. The results indicate that such compensation factors are a little below one for buildings with photovoltaics (PV) and a little...

  14. The economics of energy storage in 14 deregulated power markets

    Figueiredo, F.C.; Flynn, P.C.; Cabral, E.A.

    2006-01-01

    In regulated power markets, electricity is stored to better utilize existing generation and to defer costly investment in generation. The justification is a reduction in the overall regulated price of power compared to the alternative investment in new primary generation. However, any storage of electrical power also involves a capital investment and incurs the cost of inefficiency. In deregulated energy markets, the sale of electricity or ancillary services from pumped storage can be evaluated based on each individual project. The economic basis for power storage is that power is purchased during periods of low price and resold during periods of high price. This study used historical power price data from 14 deregulated markets around the world to evaluate the economic incentive to use pumped storage for electrical energy. Each market was shown to have a unique average diurnal power price profile that results in a unique price spread for pumped storage. The diurnal price pattern and efficiency of storage was used to assess the net income potential from energy sales from pumped storage for each market. The markets were ranked in terms of the incentive to invest in pumped energy storage as well as on available revenue, and on potential return on investment. An optimal operating profile was illustrated in detail based on historical price patterns for one of the markets. The net income potential was then combined with the capital and operating cost of pumped storage. The adequacy of return on investment for pumped storage was analyzed by two different methods. The differences between markets stem from different diurnal power price patterns that reflect the generation mix, market design and participant behaviours. 17 refs., 7 tabs., 7 figs., 1 appendix

  15. HOW TO SUSTAIN ECONOMIC PERFORMANCE? ECONOMIC GROWTH AND ITS IMPACT FACTORS

    OANA SIMONA HUDEA (CARAMAN

    2012-05-01

    Full Text Available This paper intends to render several important factors of impact on economic growth and to describe the particular types of relationships of the latter with each one of its influencing elements. In order to correctly determine such issue, we have resorted to three carefully selected models that have been estimated and compared so as to identify the most adequate and representative regression. For this purpose we have performed an analysis based on cross-section annual data for 105 countries spread all over the world. After having tested and rejected certain exogenous variables initially considered, such as imports or exports, we have finally retained the external debt and foreign direct investments as explanatory items of the dependent variable. The results revealed that both of them positively affect the gross domestic product of the analysed countries, this one being inelastic in relation to the exogenous variables considered. Even if the relationship between the economic growth and the external debt of a country is usually negative, as the money exit out of the country due to the debt service causes non-achieved potential investments, yet, there is an inflexion point up to which the external debt has a positive influence on economic growth by the increase of the investments funds acquired as result of the external credit contracting, this being the case reflected by our study. As for the relationship existing between foreign direct investments and GDP, the economic theory confirms that FDI and economic growth are directly correlated, the former contributing to technical progress, production increase and, finally, to the improvement of the living standard.

  16. Agro-energy supply chain planning: a procedure to evaluate economic, energy and environmental sustainability

    Fabrizio Ginaldi

    2012-07-01

    Full Text Available The increasing demand for energy and expected shortage in the medium term, solicit innovative energy strategies to fulfill the increasing gap between demand-supply. For this purpose it is important to evaluate the potential supply of the energy crops and finding the areas of EU where it is most convenient. This paper proposes an agro-energy supply chain approach to planning the biofuel supply chain at a regional level. The proposed methodology is the result of an interdisciplinary team work and is aimed to evaluate the potential supply of land for the energy production and the efficiency of the processing plants considering simultaneously economic, energy and environmental targets. The crop simulation, on the basis of this approach, takes into account environmental and agricultural variables (soil, climate, crop, agronomic technique that affect yields, energy and economic costs of the agricultural phase. The use of the Dijkstra’s algorithm allows minimizing the biomass transport path from farm to collecting points and the processing plant, to reduce both the transport cost and the energy consumption. Finally, a global sustainability index (ACSI, Agro-energy Chain Sustainability Index is computed combining economic, energy and environmental aspects to evaluate the sustainability of the Agroenergy supply chain (AESC on the territory. The empirical part consists in a pilot study applied to the whole plain of Friuli Venezia Giulia (FVG a region situated in the North-Eastern part of Italy covering about 161,300 ha. The simulation has been applied to the maize cultivation using three different technologies (different levels of irrigation and nitrogen fertilization: low, medium and high input. The higher input technologies allow to achieve higher crop yields, but affect negatively both the economic and energy balances. Low input levels provides, on the average, the most favourable energy and economic balances. ACSI indicates that low inputs levels

  17. Energy efficiency and proliferation assessment factors

    1979-02-01

    The objective of INFCE is to evaluate the nuclear fuel cycles from the point of view of their ability to satisfy the worldwide nuclear energy needs, while minimizing the proliferation risks. Accordingly, the different working groups have to take into consideration as well the energy-efficiency and the proliferation-resistance of these nuclear fuel cycles. The present working paper is aimed at suggesting the main assessment factors which should be taken into consideration

  18. [Analysis of grey correlation between energy consumption and economic growth in Liaoning Province, China.

    Wang, Li; Xi, Feng Ming; Wang, Jiao Yue

    2016-03-01

    The contradiction between energy consumption and economic growth is increasingly prominent in China. Liaoning Province as one of Chinese heavy industrial bases, consumes a large amount of energy. Its economic development has a strong dependence on energy consumption, but the energy in short supply become more apparent. In order to further understand the relationship between energy consumption and economic growth and put forward scientific suggestions on low carbon development, we used the grey correlation analysis method to separately examine the relevance of economic growth with energy consumption industries and energy consumption varieties through analy sis of energy consumption and economic growth data in Liaoning Province from 2000 to 2012. The results showed that the wholesale and retail sector and hotel and restaurant sector were in the minimum energy consumption in all kinds of sectors, but they presented the closest connection with the economic growth. Although industry energy consumption was the maximum, the degree of connection between industry energy consumption and economic growth was weak. In all types of energy consumption, oil and hydro-power consumption had a significant connection with economic growth. However, the degree of connection of coal consumption with economic growth was not significant, which meant that coal utilization efficiency was low. In order to achieve low carbon and sustainable development, Liaoning Province should transform the economic growth mode, adjust industry structure, optimize energy structure, and improve energy utilization efficiency, especially promote producer services and develop clean and renewable energy.

  19. Population as an Economic Development Factor: the Case of Kosovo

    Rahmije MUSTAFA-TOPXHIU

    2017-07-01

    Full Text Available Kosovo's population is a young population and is gradually entering the final stage of demographic transition, that is characterized by considerable decline in fertility, natality, mortality and natural growth. Despite demographic disturbances caused by numerous social and economic factors, the long period under Serbian occupation, major population displacement and the War of 1999, the population of Kosovo over the last hundred years have continued to increase, with high and low fluctuations. Kosovo population remains one of the populations with the highest growth in the region and broader. The objective of this study is to present and analyse the main charachteristics and trends of population of Kosovo.

  20. Economic assessment factors relating to spent nuclear fuel reprocessing

    This paper is in two parts. Part I discusses the factors to be applied in an economic assessment of reprocessing. It sets forth three basic cost components, namely capital costs, operating costs and the cost of capital utilization. It lists the various components of each cost area. Part II proposes a relationship between these respective cost areas, tabulates a range of costs and then develops unit costs for reprocessing operations. Finally, an addendum to the paper gives a more detailed breakdown of the capital costs of a reprocessing plant

  1. On the causal dynamics between emissions, nuclear energy, renewable energy, and economic growth

    Apergis, Nicholas; Payne, James E.; Menyah, Kojo; Wolde-Rufael, Yemane

    2010-01-01

    This paper examines the causal relationship between CO 2 emissions, nuclear energy consumption, renewable energy consumption, and economic growth for a group of 19 developed and developing countries for the period 1984-2007 using a panel error correction model. The long-run estimates indicate that there is a statistically significant negative association between nuclear energy consumption and emissions, but a statistically significant positive relationship between emissions and renewable energy consumption. The results from the panel Granger causality tests suggest that in the short-run nuclear energy consumption plays an important role in reducing CO 2 emissions whereas renewable energy consumption does not contribute to reductions in emissions. This may be due to the lack of adequate storage technology to overcome intermittent supply problems as a result electricity producers have to rely on emission generating energy sources to meet peak load demand. (author)

  2. On the causal dynamics between emissions, nuclear energy, renewable energy, and economic growth

    Apergis, Nicholas [Department of Banking and Financial Management, University of Piraeus, Karaoli and Dimitriou 80, Piraeus, ATTIKI 18534 (Greece); Payne, James E. [Department of Economics, Illinois State University, Normal, IL 61790-4200 (United States); Menyah, Kojo [London Metropolitan Business School, London Metropolitan University, 84 Moorgate, London, EC2M 6SQ (United Kingdom); Wolde-Rufael, Yemane

    2010-09-15

    This paper examines the causal relationship between CO{sub 2} emissions, nuclear energy consumption, renewable energy consumption, and economic growth for a group of 19 developed and developing countries for the period 1984-2007 using a panel error correction model. The long-run estimates indicate that there is a statistically significant negative association between nuclear energy consumption and emissions, but a statistically significant positive relationship between emissions and renewable energy consumption. The results from the panel Granger causality tests suggest that in the short-run nuclear energy consumption plays an important role in reducing CO{sub 2} emissions whereas renewable energy consumption does not contribute to reductions in emissions. This may be due to the lack of adequate storage technology to overcome intermittent supply problems as a result electricity producers have to rely on emission generating energy sources to meet peak load demand. (author)

  3. Biogas technology in Cienfuegos: energy, environmental, economic and social impacts

    Costa Pérez, Inocente; Gutiérrez Benítez, Omar; Martínez Bermúdez, Guillermo; Padrón Padrón, Wilfredo; Águila Cabrera, Cira

    2015-01-01

    Promote the use of biogas is endorsed in the Guidelines 131 and 247 of the Economic and Social Policy of the Party and the Revolution element. The aim was to promote the construction and good practices in the use, operation and maintenance of biogas digesters in the province of Cienfuegos. The study of the design features of each type of digester, according to criteria of constructability, amount of manure, energy demand and geometry was performed. Un-practical theory for the design and construction of various types of biogas digesters compendium was prepared. Calculations for the conceptual and basic design fixed dome biogas digesters Circular Square and engineering were performed. The detailed engineering projects of different capacities biodigesters were developed. The results showed a progression of exponential growth in the number biodigesters for the past 4 years. This growth was accompanied by strong job training, technical advice and disclosure. Energy, environmental, economic and social impacts of the use of biogas in Cienfuegos were significant. At year end 2013, 80 biogas digesters in operation produced 429.1 m3 / day of biogas, which allowed replacing 78.3 t / year of fossil fuel equivalent disburse stop 43563.55 USD / year, stop pouring 3488.8 t / year of residual polluting the environment and stop emitting into the atmosphere 46.5 t / year of methane, equivalent to 1069.5 of carbon dioxide (CO 2 ) equivalent dioxide. (full text)

  4. Energy Economics of Farm Biogas in Cold Climates

    Pillay, Pragasen; Grimberg, Stefan; Powers, Susan E

    2012-10-24

    Anaerobic digestion of farm and dairy waste has been shown to be capital intensive. One way to improve digester economics is to co-digest high-energy substrates together with the dairy manure. Cheese whey for example represents a high-energy substrate that is generated during cheese manufacture. There are currently no quantitative tools available that predict performance of co-digestion farm systems. The goal of this project was to develop a mathematical tool that would (1) predict the impact of co-digestion and (2) determine the best use of the generated biogas for a cheese manufacturing plant. Two models were developed that separately could be used to meet both goals of the project. Given current pricing structures of the most economical use of the generated biogas at the cheese manufacturing plant was as a replacement of fuel oil to generate heat. The developed digester model accurately predicted the performance of 26 farm digesters operating in the North Eastern U.S.

  5. Economically viable and environment-friendly hydro energy in Estonia

    Saks, Ants; Velner, Harald

    2001-01-01

    Hydro energy has been in oblivion in Estonia for about 30 years now. During the 1960s, most of Estonia's small hydropower plants were closed down, just as it was done in the whole Soviet Union. As the only larger hydro plant, the 125 MW plant in Narva, was situated on the Russian side of the Narva River, there were only two or three small hydro plants left. Even those were exploited at low capacity and mainly for heating the buildings. It was not until the 1990s that a number of enthusiasts started to re-establish the hydro plants by reconstructing old installations. The pre-feasibility study 'Hydropower in Estonia' proposed by Estonian and Swedish experts, showed that the restoration of the hydropower plants and watermills is economically feasible and technically possible if advanced technology is used. Hydropower as an alternative ('green') energy source should be used in the best technical-economical way. The first pilot plant in Estonia, the 200 kW Kamari plant was constructed in 1998 with compact-propeller units, in co-operation with Waterpumps WP Oy and ABB. Today, ten new plants have been constructed or are under construction. Hydropower plants/watermills should be reconstructed in accordance with the legislative acts on environment protection

  6. Economic Impact of CDM Implementation through Alternate Energy Resource Substitution

    K.J. Sreekanth

    2013-02-01

    Full Text Available Since the Kyoto protocol agreement, Clean Development Mechanism (CDM hasgarnered large emphasis in terms of certified emission reductions (CER not only amidst the globalcarbon market but also in India. This paper attempts to assess the impact of CDM towardssustainable development particularly in rural domestic utility sector that mainly includes lightingand cooking applications, with electricity as the source of energy. A detailed survey has undertakenin the state of Kerala, in southern part of India to study the rural domestic energy consumptionpattern. The data collected was analyzed that throws insight into the interrelationships of thevarious parameters that influence domestic utility sector pertaining to energy consumption byusing electricity as the source of energy. The interrelationships between the different parameterswere modeled that optimizes the contribution of electricity on domestic utility sector. The resultswere used to estimate the feasible extent of CO2 emission reduction through use of electricity as theenergy resources, vis-à-vis its economic viability through cost effectiveness. The analysis alsoprovides a platform for implementing CDM projects in the sector and related prospects withrespects to the Indian scenario.

  7. Integrated modelling of economic-energy-environment scenarios - The impact of China and India's economic growth on energy use and CO2 emissions

    Roques, F.; Sassi, O.; Guivarch, C.; Waisman, H.; Crassous, R.; Hourcade, J.Ch.

    2009-03-01

    A hybrid framework coupling the bottom-up energy sector WEM model with the top-down general equilibrium model IMACLIM-R is implemented to capture the macro-economic feedbacks of Chinese and Indian economic growth on energy and emissions scenarios. The iterative coupling procedure captures the detailed representation of energy use and supply while ensuring the micro-economic and macro-economic consistency of the different scenarios studied. The dual representation of the hybrid model facilitates the incorporation of energy sector expertise in internally consistent scenarios. The paper describes how the hybrid model was used to assess the effect of uncertainty on economic growth in China and India in the energy and emissions scenarios of the International Energy Agency. (authors)

  8. Latent factor structure of a behavioral economic marijuana demand curve.

    Aston, Elizabeth R; Farris, Samantha G; MacKillop, James; Metrik, Jane

    2017-08-01

    Drug demand, or relative value, can be assessed via analysis of behavioral economic purchase task performance. Five demand indices are typically obtained from drug purchase tasks. The goal of this research was to determine whether metrics of marijuana reinforcement from a marijuana purchase task (MPT) exhibit a latent factor structure that efficiently characterizes marijuana demand. Participants were regular marijuana users (n = 99; 37.4% female, 71.5% marijuana use days [5 days/week], 15.2% cannabis dependent) who completed study assessments, including the MPT, during a baseline session. Principal component analysis was used to examine the latent structure underlying MPT indices. Concurrent validity was assessed via examination of relationships between latent factors and marijuana use, past quit attempts, and marijuana expectancies. A two-factor solution was confirmed as the best fitting structure, accounting for 88.5% of the overall variance. Factor 1 (65.8% variance) reflected "Persistence," indicating sensitivity to escalating marijuana price, which comprised four MPT indices (elasticity, O max , P max , and breakpoint). Factor 2 (22.7% variance) reflected "Amplitude," indicating the amount consumed at unrestricted price (intensity). Persistence factor scores were associated with fewer past marijuana quit attempts and lower expectancies of negative use outcomes. Amplitude factor scores were associated with more frequent use, dependence symptoms, craving severity, and positive marijuana outcome expectancies. Consistent with research on alcohol and cigarette purchase tasks, the MPT can be characterized with a latent two-factor structure. Thus, demand for marijuana appears to encompass distinct dimensions of price sensitivity and volumetric consumption, with differential relations to other aspects of marijuana motivation.

  9. The Impact of Some Economic Factors Affecting Groundwater Pollution in Both Developed and Developing Countries

    H. Biabi; H. Mohammadi; L. Abolhassani

    2016-01-01

    Introduction: The role of economic factors in pollution and environmental degradation is one of the major Issues in economic and environmental studies that many researchers have addressed in their studies. One of the issues in the field of environment to which less attention has been paid is the effect of economic factors such as the openness of the economy on water resource pollution. In this paper we investigate the relation between water pollution and economic factors such as economic siz...

  10. Effects off system factors on the economics of and demand for small solar thermal power systems

    1981-09-01

    Market penetration as a function time, SPS performance factors, and market/economic considerations was estimated, and commercialization strategies were formulated. A market analysis task included personal interviews and supplemental mail surveys to acquire statistical data and to identify and measure attitudes, reactions and intentions of prospective SPS users. Interviews encompassed three ownership classes of electric utilities and industrial firms in the SIC codes for energy consumption. A market demand model was developed which utilized the data base developed, and projected energy price and consumption data to perform sensitivity analyses and estimate potential market for SPS.

  11. Economic and Financial Analysis Tools | Energy Analysis | NREL

    Economic and Financial Analysis Tools Economic and Financial Analysis Tools Use these economic and . Job and Economic Development Impact (JEDI) Model Use these easy-to-use, spreadsheet-based tools to analyze the economic impacts of constructing and operating power generation and biofuel plants at the

  12. Health and economic costs of alternative energy sources

    Hamilton, L D [Biomedical and Environmental Assessment Division, National Center for Analysis of Energy Systems, Brookhaven National Laboratory (United States); Manne, A S [Department of Operations Research, Stanford University (United States)

    1978-08-15

    Before the United States of America can arrive at a coherent national energy policy, several ongoing debates must be resolved - on environmental hazards, health impacts, and the direct economic consequences of alternative future energy options. No one strategy is obviously correct - or uniquely ethical. Each strategy has its drawbacks, each can be blocked by one or another coalition of interest groups. The public is poorly informed by the media. A single large coal-mine accident is far more extensively reported than a long series of isolated accidents at grade crossings for coal trains, and yet the latter causes more deaths each year. Similarly, the public debate on nuclear issues is focused on low-probability, high-consequence events. It is as though national policy were being framed by a gambler whose motto is 'it's only the stakes and not the odds that matter'. The two authors of this paper come from different disciplines, yet they both believe that the odds do matter. It is essential that the public be well informed about the health risks and the economic consequences of a moratorium on the civilian uses of nuclear energy in the USA. We think that such a moratorium would adversely affect health and the economy. These impacts although small in relation, say, to the overall death rate or to the overall gross national product are not small in an absolute sense The adverse consequences of a moratorium are much more certain, and surely outweigh the impacts of any plausible accident associated with the operation of power reactors.

  13. Health and economic costs of alternative energy sources

    Hamilton, L.D.; Manne, A.S.

    1978-01-01

    Before the United States of America can arrive at a coherent national energy policy, several ongoing debates must be resolved - on environmental hazards, health impacts, and the direct economic consequences of alternative future energy options. No one strategy is obviously correct - or uniquely ethical. Each strategy has its drawbacks, each can be blocked by one or another coalition of interest groups. The public is poorly informed by the media. A single large coal-mine accident is far more extensively reported than a long series of isolated accidents at grade crossings for coal trains, and yet the latter causes more deaths each year. Similarly, the public debate on nuclear issues is focused on low-probability, high-consequence events. It is as though national policy were being framed by a gambler whose motto is 'it's only the stakes and not the odds that matter'. The two authors of this paper come from different disciplines, yet they both believe that the odds do matter. It is essential that the public be well informed about the health risks and the economic consequences of a moratorium on the civilian uses of nuclear energy in the USA. We think that such a moratorium would adversely affect health and the economy. These impacts although small in relation, say, to the overall death rate or to the overall gross national product are not small in an absolute sense The adverse consequences of a moratorium are much more certain, and surely outweigh the impacts of any plausible accident associated with the operation of power reactors

  14. Innovations as a Factor for Ensuring Economic Safety

    Maxim SANDU

    2017-06-01

    Full Text Available In modern conditions of development of the competitive environment, one of the main ways to solve economic, social and environmental problems is to use the latest achievements of science and technology. Each enterprise seeks to ensure that economic growth is intense, i.e. to be a consequence of the application of more sophisticated factors of production and technology. The prerequisite for intensive growth is the use of innovative strategy in the practical activities of enterprises. The end result of innovations is the materialization and industrial development of innovation, the idea of which can be the scientific and technical activity, and marketing research to identify unmet needs. The innovations are an effective defensive reaction of the firm to the emerging threats of losing market place, constant pressure from competitors, the challenge of new technologies, shortening the life of products, legislative restrictions and changing the market situation. In the offensive version, the innovation is a mean of exploiting new opportunities to preserve or gain a competitive advantage. In the long term aspect, the company has no choice but to pursue an innovation policy, which is the only source of lasting success. The main objective of researching the innovation activity of any organization is to ensure competitiveness in market conditions in order to identify risk factors and ways to overcome them.

  15. Study Of Socio- Economic Factors In Relation To Leprosy

    Alam Mahjabeen

    1998-01-01

    Full Text Available Research question: what are the socio-economic factors in relation to leprosy and their implications? Objectives: (i To study the socio-economic factors in relation to leprosy.(ii To assess the impact of disease on patients’ job/income. Study design: Cross-sectional. Setting and Participants: Patients attending the dermatology OPD, J.N. Medical college hospital, A.M.U., Aligarh. Sample size: 200 leprosy patients. Study variables: education, occupation, social class, incapacitation, change in job, reduction in income. Statically analysis: Chi-square test Results: 46% of the leprosy patients were illiterate. A large majority of patients (78% were involved in heavy manual work as farmers and labourers. 68.5% patients belonged to low social classes (IV and V. More males (26.3% suffered from incapacitation than females (8.5%. 2.5% patients lost their job or were unable to work and 11.5% had to change their jobs due to the disease or disability caused by it. 17.5% patients had a history of reduction in their income after occurrence of leprosy.

  16. Recent topical research on global, energy, health & medical, and tourism economics, and global software: An overview

    Chang, Chia-Lin; McAleer, Michael

    2017-01-01

    textabstractThe paper presents an overview of recent topical research on global, energy, health & medical, and tourism economics, and global software. We have interpreted "global" in the title of the Journal of Reviews on Global Economics to cover contributions that have a global impact on economics, thereby making it "global economics". In this sense, the paper is concerned with papers on global, energy, health & medical, and tourism economics, as well as global software algorithms that have...

  17. The Economic Potential of Three Nuclear-Renewable Hybrid Energy Systems Providing Thermal Energy to Industry

    Ruth, Mark [National Renewable Energy Lab. (NREL), Golden, CO (United States); Cutler, Dylan [National Renewable Energy Lab. (NREL), Golden, CO (United States); Flores-Espino, Francisco [National Renewable Energy Lab. (NREL), Golden, CO (United States); Stark, Greg [National Renewable Energy Lab. (NREL), Golden, CO (United States); Jenkin, Thomas [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2016-12-01

    This report is one of a series of reports that Idaho National Laboratory and National Renewable Energy Laboratory are producing to investigate the technical and economic aspects of nuclear-renewable hybrid energy systems (N-R HESs). Previous reports provided results of an analysis of two N-R HES scenarios. This report builds that analysis with a Texas-synthetic gasoline scenario providing the basis in which the N-R HES sells heat directly to an industrial customer. Subsystems were included that convert electricity to heat, thus allowing the renewable energy subsystem to generate heat and benefit from that revenue stream. Nuclear and renewable energy sources are important to consider in the energy sector's evolution because both are considered to be clean and non-carbon-emitting energy sources.

  18. The Economic Potential of Three Nuclear-Renewable Hybrid Energy Systems Providing Thermal Energy to Industry

    Ruth, Mark; Cutler, Dylan; Flores-Espino, Francisco; Stark, Greg; Jenkin, Thomas

    2016-01-01

    This report is one of a series of reports that Idaho National Laboratory and National Renewable Energy Laboratory are producing to investigate the technical and economic aspects of nuclear-renewable hybrid energy systems (N-R HESs). Previous reports provided results of an analysis of two N-R HES scenarios. This report builds that analysis with a Texas-synthetic gasoline scenario providing the basis in which the N-R HES sells heat directly to an industrial customer. Subsystems were included that convert electricity to heat, thus allowing the renewable energy subsystem to generate heat and benefit from that revenue stream. Nuclear and renewable energy sources are important to consider in the energy sector's evolution because both are considered to be clean and non-carbon-emitting energy sources.

  19. On the cointegration and causality between oil market, nuclear energy consumption, and economic growth: evidence from developed countries

    Naser, Hanan

    2017-01-01

    This study uses Johansen cointegration technique to examine both the equilibrium relationship and the causality between oil consumption, nuclear energy consumption, oil price and economic growth. To do so, four industrialized countries including the USA, Canada, Japan, and France are investigated over the period from 1965 to 2010. The cointegration test results suggest that the proposed variables tend to move together in the long run in all countries. In addition, the causal linkage between the variables is scrutinized through the exogeneity test. The results point that energy consumption (i.e., oil or nuclear) has either a predictive power for economic growth, or feedback impact with real GDP growth in all countries. Results suggest that oil consumption is not only a major factor of economic growth in all the investigated countries, it also has a predictive power for real GDP in the USA, Japan, and France. Precisely, increasing oil consumption by 1% increases the economic growth in Canada by 3.1%., where increasing nuclear energy consumption by 1% in Japan and France increases economic growth by 0.108 and 0.262%, respectively. Regarding nuclear energy consumption-growth nexus, results illustrate that nuclear energy consumption has a predictive power for real economic growth in the USA, Canada, and France. On the basis of speed of adjustment, it is concluded that there is bidirectional causality between oil consumption and economic growth in Canada. On the other hand, there is bidirectional causal relationship between nuclear energy consumption and real GDP growth in Japan. (orig.)

  20. On the cointegration and causality between oil market, nuclear energy consumption, and economic growth: evidence from developed countries

    Naser, Hanan [Arab Open University, Faculty of Business Studies, A' ali (Bahrain)

    2017-06-15

    This study uses Johansen cointegration technique to examine both the equilibrium relationship and the causality between oil consumption, nuclear energy consumption, oil price and economic growth. To do so, four industrialized countries including the USA, Canada, Japan, and France are investigated over the period from 1965 to 2010. The cointegration test results suggest that the proposed variables tend to move together in the long run in all countries. In addition, the causal linkage between the variables is scrutinized through the exogeneity test. The results point that energy consumption (i.e., oil or nuclear) has either a predictive power for economic growth, or feedback impact with real GDP growth in all countries. Results suggest that oil consumption is not only a major factor of economic growth in all the investigated countries, it also has a predictive power for real GDP in the USA, Japan, and France. Precisely, increasing oil consumption by 1% increases the economic growth in Canada by 3.1%., where increasing nuclear energy consumption by 1% in Japan and France increases economic growth by 0.108 and 0.262%, respectively. Regarding nuclear energy consumption-growth nexus, results illustrate that nuclear energy consumption has a predictive power for real economic growth in the USA, Canada, and France. On the basis of speed of adjustment, it is concluded that there is bidirectional causality between oil consumption and economic growth in Canada. On the other hand, there is bidirectional causal relationship between nuclear energy consumption and real GDP growth in Japan. (orig.)

  1. CONTINUOUS ECONOMIC EDUCATION AS THE FACTOR OF PROFESSIONAL DEVELOPMENT OF PERSONALITY

    T. J. Lomakina

    2014-10-01

    Full Text Available The necessity of continuous economic education of future professionals is caused by importance of forming correct understanding of the economic reality, of comprehension of economic basic laws, of understanding of global and national tendencies in economic development; the growing role of continuous economic education as a major factor of formation and development of a postindustrial society is shown; the reasons and circumstances of the active reference of the domestic pedagogical science and practice to problems of economic education are emphasized; the factors influencing development of continuous economic education are established in the article. Continuous economic education is considered as a part of continuous education promoting the formation of a competitive expert in conditions of market economy, demanded on labour market and directed on formation of economic competencies depending on the type of preparation (economic and not economic at different educational levels according to models of the graduate and the teacher and realized by means of economic training and economic education.

  2. Total-factor energy efficiency of regions in Japan

    Honma, Satoshi; Hu, Jin-Li

    2008-01-01

    This study computes the regional total-factor energy efficiency (TFEE) in Japan by employing the data envelopment analysis (DEA). A dataset of 47 prefectures in Japan for the period 1993-2003 is constructed. There are 14 inputs, including three production factors (labor employment, private, and public capital stocks) and 11 energy sources (electric power for commercial and industrial use, electric power for residential use, gasoline, kerosene, heavy oil, light oil, city gas, butane gas, propane gas, coal, and coke). GDP is the sole output. Following Fukao and Yue [2000. Regional factor inputs and convergence in Japan-how much can we apply closed economy neoclassical growth models? Economic Review 51, 136-151 (in Japanese)], data on private and public capital stocks are extended. All the nominal variables are transformed into real variables, taking into consideration the 1995 price level. For kerosene, gas oil, heavy oil, butane gas, coal, and coke, there are a few prefectures with TFEEs less than 0.7. The five most inefficient prefectures are Niigata, Wakayama, Hyogo, Chiba, and Yamaguchi. Inland regions and most regions along the Sea of Japan are efficient in energy use. Most of the inefficient prefectures that are developing mainly upon energy-intensive industries are located along the Pacific Belt Zone. A U-shaped relation similar to the environmental Kuznets curve (EKC) is discovered between energy efficiency and per capita income for the regions in Japan

  3. Total-factor energy efficiency of regions in Japan

    Honma, Satoshi [Faculty of Economics, Kyushu Sangyo University, 2-3-1 Matsukadai, Higashi-ku, Fukuoka 813-8503 (Japan); Hu, Jin-Li [Institute of Business and Management, National Chiao Tung University (China)

    2008-02-15

    This study computes the regional total-factor energy efficiency (TFEE) in Japan by employing the data envelopment analysis (DEA). A dataset of 47 prefectures in Japan for the period 1993-2003 is constructed. There are 14 inputs, including three production factors (labor employment, private, and public capital stocks) and 11 energy sources (electric power for commercial and industrial use, electric power for residential use, gasoline, kerosene, heavy oil, light oil, city gas, butane gas, propane gas, coal, and coke). GDP is the sole output. Following Fukao and Yue [2000. Regional factor inputs and convergence in Japan - how much can we apply closed economy neoclassical growth models? Economic Review 51, 136-151 (in Japanese)], data on private and public capital stocks are extended. All the nominal variables are transformed into real variables, taking into consideration the 1995 price level. For kerosene, gas oil, heavy oil, butane gas, coal, and coke, there are a few prefectures with TFEEs less than 0.7. The five most inefficient prefectures are Niigata, Wakayama, Hyogo, Chiba, and Yamaguchi. Inland regions and most regions along the Sea of Japan are efficient in energy use. Most of the inefficient prefectures that are developing mainly upon energy-intensive industries are located along the Pacific Belt Zone. A U-shaped relation similar to the environmental Kuznets curve (EKC) is discovered between energy efficiency and per capita income for the regions in Japan. (author)

  4. Essays in the Economics of Energy Development and Disamenities

    Rakitan, Timothy J.

    This dissertation consists of three essays broadly themed around evaluating the impact of energy infrastructure on local consumers and industries. Taken together, they characterize ways in which the presence of energy activity is reflected in local land and labor market conditions, with a particular focus on the deployment of wind energy generation and shale resource extraction. The first chapter examines the relationship between the placement of wind energy infrastructure and house values and incomes in Iowa. The results suggest that income growth offsets some of the negative house-value effects commonly observed in the evaluation literature, but also that income gains reported in the literature are geographically distributed away from wind farm locations. I conclude that proximity to wind turbines does not increase the real incomes of local residents. The second chapter applies a regional model to county-level wage, house value, employment and energy production data to characterize the economic impact of the U.S. shale boom of the mid-2000s. While the boom has been responsible for wage and employment gains in counties located within the bounds of U.S. shale oil and gas plays, the net effect on house values has been negative. Within the set of energy-producing counties, however, house value declines are mitigated during the boom period as willingness-to-pay for residential space can overcome some of the negative impacts of energy industry activity. I conclude that shale energy extraction is a disamenity at the local level. The third chapter extends the analysis of the impact of the shale boom by examining possible spillovers in agriculture. Using parcel-level data from North Dakota, I analyze rental rates to assess the extent to which oil industry activity affects the returns to agricultural land. While "on-shale" parcels lease at lower rates than parcels located outside the oil fields, I cannot reject the hypothesis that proximity to an oil well has no impact on

  5. European Economic Community/the European energy conference

    1979-03-30

    European Economic Community/the European energy conference (a meeting of the energy ministers of the nine member countries), held at Brussels on 3/27/79, was a continuation of the EEC Council meeting held at Paris on 3/12-13/79. Proposals for measures to be taken by the member countries included support for exploration, especially geophysical prospecting for oil off the east coast of Greenland, at a cost of 3.5 million units of account (UC); modification of the regulations for crude oil distribution among the EEC member countries in case of a supply crisis; a second series of 36 energy-conservation demonstration projects, to cost 15,626,320 UC and be undertaken in 1979-83; and the UK proposal to call for bids on the first series of 17 projects, costing 5,779,000 UC and adopted in Dec. 1978, before discussing the second series. Six of the 36 projects are French; they involve heat pumps and hybrid nuclear-electric vehicles and space-heating systems. A report on the current status of coal projects was given, and problems with fast-breeder reactors were discussed.

  6. Technical and economical aspects of wind energy applications in Germany

    Durstewitz, M; Hoppe-Kilpper, M; Kleinkauf, W [Inst. fuer Solare Energieversorgungstechnik e.V., Kassel (Germany)

    1996-12-31

    The use of renewable energy for the continuously growing global population is becoming increasingly important. These forms of energy not only broaden the urgently needed resource base, but are also free from emission of CO{sub 2}, SO{sub 2}, NO{sub x} etc. The Federal German Government early recognized this and has provided more than DEM 4000 million for this purpose since 1973. Together with Japan and the USA, Germany belongs to the three leading nations in the world in R and D on the application of renewable energy. It has by far the largest and most broadly based programme in Europe. The technical and economical progress of wind power is very promising in Germany. It has scale demonstration programme `250 MW Wind`. Since 1991 another important impetus has been the sources (wind power presently 0.1728 DEM/kWh). In 1994, the rated wind power capacity was doubled to 643 MW. Electricity production in 1994 was around 1000 million kWh or 0.2 % of total German electricity production. The often discussed goal of producing one or more per cent of the German electricity by wind power seems to be attainable on a medium time scale by modern medium scale wind turbines or even large scale turbines. This is based on the promise that various nontechnical barriers will be overcome. (author)

  7. Technical and economical aspects of wind energy applications in Germany

    Durstewitz, M.; Hoppe-Kilpper, M.; Kleinkauf, W. [Inst. fuer Solare Energieversorgungstechnik e.V., Kassel (Germany)

    1995-12-31

    The use of renewable energy for the continuously growing global population is becoming increasingly important. These forms of energy not only broaden the urgently needed resource base, but are also free from emission of CO{sub 2}, SO{sub 2}, NO{sub x} etc. The Federal German Government early recognized this and has provided more than DEM 4000 million for this purpose since 1973. Together with Japan and the USA, Germany belongs to the three leading nations in the world in R and D on the application of renewable energy. It has by far the largest and most broadly based programme in Europe. The technical and economical progress of wind power is very promising in Germany. It has scale demonstration programme `250 MW Wind`. Since 1991 another important impetus has been the sources (wind power presently 0.1728 DEM/kWh). In 1994, the rated wind power capacity was doubled to 643 MW. Electricity production in 1994 was around 1000 million kWh or 0.2 % of total German electricity production. The often discussed goal of producing one or more per cent of the German electricity by wind power seems to be attainable on a medium time scale by modern medium scale wind turbines or even large scale turbines. This is based on the promise that various nontechnical barriers will be overcome. (author)

  8. Technical and economical aspects of wind energy applications in Germany

    Durstewitz, M.; Hoppe-Kilpper, M.; Kleinkauf, W.

    1995-01-01

    The use of renewable energy for the continuously growing global population is becoming increasingly important. These forms of energy not only broaden the urgently needed resource base, but are also free from emission of CO 2 , SO 2 , NO x etc. The Federal German Government early recognized this and has provided more than DEM 4000 million for this purpose since 1973. Together with Japan and the USA, Germany belongs to the three leading nations in the world in R and D on the application of renewable energy. It has by far the largest and most broadly based programme in Europe. The technical and economical progress of wind power is very promising in Germany. It has scale demonstration programme '250 MW Wind'. Since 1991 another important impetus has been the sources (wind power presently 0.1728 DEM/kWh). In 1994, the rated wind power capacity was doubled to 643 MW. Electricity production in 1994 was around 1000 million kWh or 0.2 % of total German electricity production. The often discussed goal of producing one or more per cent of the German electricity by wind power seems to be attainable on a medium time scale by modern medium scale wind turbines or even large scale turbines. This is based on the promise that various nontechnical barriers will be overcome. (author)

  9. The economic, energy, and environmental impacts of the Energy-Related Inventions Program

    Brown, M.A.; Wilson, C.R.; Franchuk, C.A.; Cohn, S.M.; Jones, D.

    1994-07-01

    This report provides information on the economic, energy, and environmental impacts of inventions supported by the Energy-Related Inventions Program (ERIP) -- a program jointly operated by the US Department of Energy and the National Institute of Standards and Technology (NIST). It describes the results of the latest in a series of ERIP evaluation projects that have been completed since 1980. The period of interest is 1980 through 1992. The evaluation is based on data collected in 1993 through mail and telephone surveys of 253 program participants, and historical data collected during previous evaluations for an additional 189 participants

  10. The economic, energy, and environmental impacts of the Energy-Related Inventions Program

    Brown, M.A.; Wilson, C.R.; Franchuk, C.A.; Cohn, S.M.; Jones, D.

    1994-07-01

    This report provides information on the economic, energy, and environmental impacts of inventions supported by the Energy-Related Inventions Program (ERIP) -- a program jointly operated by the US Department of Energy and the National Institute of Standards and Technology (NIST). It describes the results of the latest in a series of ERIP evaluation projects that have been completed since 1980. The period of interest is 1980 through 1992. The evaluation is based on data collected in 1993 through mail and telephone surveys of 253 program participants, and historical data collected during previous evaluations for an additional 189 participants.

  11. Solar energy system economic evaluation: Fern Tunkhannock, Tunkhannock, Pennsylvania

    1980-01-01

    The economic performance of an Operational Test Site (OTS) is described. The long term economic performance of the system at its installation site and extrapolation to four additional selected locations to demonstrate the viability of the design over a broad range of environmental and economic conditions is reported. Topics discussed are: system description, study approach, economic analysis and system optimization, and technical and economical results of analysis. Data for the economic analysis are generated through evaluation of the OTS. The simulation is based on the technical results of the seasonal report simulation. In addition localized and standard economic parameters are used for economic analysis.

  12. Solar Energy Education. Home economics: teacher's guide. Field test edition. [Includes glossary

    1981-06-01

    An instructional aid is provided for home economics teachers who wish to integrate the subject of solar energy into their classroom activities. This teacher's guide was produced along with the student activities book for home economics by the US Department of Energy Solar Energy Education. A glossary of solar energy terms is included. (BCS)

  13. Assessment of energy and economic performance of office building models: a case study

    Song, X. Y.; Ye, C. T.; Li, H. S.; Wang, X. L.; Ma, W. B.

    2016-08-01

    Energy consumption of building accounts for more than 37.3% of total energy consumption while the proportion of energy-saving buildings is just 5% in China. In this paper, in order to save potential energy, an office building in Southern China was selected as a test example for energy consumption characteristics. The base building model was developed by TRNSYS software and validated against the recorded data from the field work in six days out of August-September in 2013. Sensitivity analysis was conducted for energy performance of building envelope retrofitting; five envelope parameters were analyzed for assessing the thermal responses. Results indicated that the key sensitivity factors were obtained for the heat-transfer coefficient of exterior walls (U-wall), infiltration rate and shading coefficient (SC), of which the sum sensitivity factor was about 89.32%. In addition, the results were evaluated in terms of energy and economic analysis. The analysis of sensitivity validated against some important results of previous studies. On the other hand, the cost-effective method improved the efficiency of investment management in building energy.

  14. Comprehensive energy and economic analyses on a zero energy house versus a conventional house

    Zhu, L. [School of Architecture, Tianjin University, Tianjin, 300072 (China); Hurt, R.; Correa, D.; Boehm, R. [Center for Energy Research, University of Nevada, Las Vegas, NV 89154 (United States)

    2009-09-15

    A zero energy house (ZEH) was built side by side with a baseline house in suburban Las Vegas. Actual energy performance measurements were carried out on the incorporated energy saving features and solar applications. The data show that a radiant barrier and a water-cooled air conditioner are major contributors to the energy savings, while an insulated floor slab and thermal mass walls are not effective for energy-conservation during cooling periods. Photovoltaic roof tiles produce enough green power to cover the use in the ZEH, and the solar water heater can reach a peak efficiency of 80%. The energy saving contribution of each incorporated component was obtained using Energy10 and eQUEST3.6 models, and then these codes were used for economic application evaluation. The two analysis codes yield similar results that compare well with the actual building performance data. Four items are clearly economically valuable for these applications: high performance windows, compact fluorescent lights, highly-insulated roofs and air conditioners with water-cooled condensers. PV tiles show a good financial return when rebates are considered. The Integrated Collector Storage (ICS) unit has a high efficiency but with a little higher thermal price. Thermal mass walls are too costly to have wide market appeal. (author)

  15. Economic perspectives of SMSNRs in the energy market of Japan

    Mankin, Shuichi; Sato, Osamu; Yasukawa, Shigeru; Hayashi, Toshikazu

    1988-01-01

    The marginal values of the investment cost were analyzed for each of five types of SMSNRs to penetrate into the energy system optimized by minimizing the total system cost. The results showed the upper values of the investment cost as 1.4, 1.35, and 1.45 times that of a large-scale LWR for a medium-sized LWR, a small-sized LWR, and a LWR for cogeneration, respectively. The economic conditions for SMSNRs to be adopted by electric utilities were analyzed through comparison of the financial performance of a Japan's typical electric utility in the two cases of selecting a large-scale LWR and a small-sized LWR. The results indicated that the upper limit of the construction cost is 1.4 times that of a large-scale LWR. (orig.)

  16. Technical and economic assessment of energy conversion technologies for MSW

    Livingston, W.R.

    2002-07-01

    Thermal processes for municipal solid wastes (MSW) based on pyrolysis and/or gasification that have relevance to the emerging UK market are described in this report, and the results of the technical and economical assessment of these processes are presented. The Mitsui R21 Technology, the Thermoselect Process, the Nippon Steel Waste Melting Process, the Pyropleq Process, and the Compact Power Process are selected for detailed comparison on the basis of the overall technical concept, the energy balance and the requirements for consumables, environmental performance, and the technical and commercial status of the technology. Details are also given of a comparison of the novel thermal technologies with conventional mass burn incineration for MSW.

  17. Technical and economic assessment of energy conversion technologies for MSW

    Livingston, W.R.

    2002-01-01

    Thermal processes for municipal solid wastes (MSW) based on pyrolysis and/or gasification that have relevance to the emerging UK market are described in this report, and the results of the technical and economical assessment of these processes are presented. The Mitsui R21 Technology, the Thermoselect Process, the Nippon Steel Waste Melting Process, the Pyropleq Process, and the Compact Power Process are selected for detailed comparison on the basis of the overall technical concept, the energy balance and the requirements for consumables, environmental performance, and the technical and commercial status of the technology. Details are also given of a comparison of the novel thermal technologies with conventional mass burn incineration for MSW

  18. Energy Consumption, Economic Growth and CO2 Emissions: Evidence from Panel Data for MENA Region

    Sahbi Farhani

    2012-01-01

    Full Text Available Energy plays a vital role in economic development. It performs a key for sustainable development. Hence, many studies have attempted to look for the direction of causality between energy consumption (EC, economic growth (GDP and CO2 emissions. This paper, therefore, applies the panel unit root tests, panel cointegration methods and panel causality test to investigate the relationship between EC, GDP and CO2 emissions for 15 MENA countries covering the annual period 1973-2008. The finding of this study reveals that there is no causal link between GDP and EC; and between CO2 emissions and EC in the short run. However, in the long run, there is a unidirectional causality running from GDP and CO2 emissions to EC. In addition, to deal with the heterogeneity in countries and the endogeneity bias in regressors, this paper applies respectively the FMOLS and the DOLS approach to estimate the long-run relationship between these three factors.

  19. Decoupling economic growth from CO2 emissions: A decomposition analysis of China's household energy consumption

    Xiao-Wei Ma

    2016-09-01

    Full Text Available This paper analyzes Chinese household CO2 emissions in 1994–2012 based on the Logarithmic Mean Divisia Index (LMDI structure decomposition model, and discusses the relationship between household CO2 emissions and economic growth based on a decoupling indicator. The results show that in 1994–2012, household CO2 emissions grew in general and displayed an accelerated growth trend during the early 21st century. Economic growth leading to an increase in energy consumption is the main driving factor of CO2 emission growth (an increase of 1.078 Gt CO2 with cumulative contribution rate of 55.92%, while the decline in energy intensity is the main cause of CO2 emission growth inhibition (0.723 Gt CO2 emission reduction with cumulative contribution rate of 38.27%. Meanwhile, household CO2 emissions are in a weak state of decoupling in general. The change in CO2 emissions caused by population and economic growth shows a weak decoupling and expansive decoupling state, respectively. The CO2 emission change caused by energy intensity is in a state of strong decoupling, and the change caused by energy consumption structure fluctuates between a weak and a strong decoupling state.

  20. Energy and economic analysis of an ICE-based variable speed-operated micro-cogenerator

    Caresana, Flavio; Bartolini, Carlo Maria [Universita Politecnica delle Marche, Dipartimento di Energetica, Via Brecce Bianche, Ancona (AN) 60100 (Italy); Brandoni, Caterina [Universita Telematica e-Campus, Ingegneria Energetica, Via Isimbardi 10, Novedrate (CO) 22060 (Italy); Feliciotti, Petro [Universita Politecnica delle Marche, Dipartimento di Ingegneria Informatica, Gestionale e dell' Automazione, Via Brecce Bianche, Ancona (AN) 60100 (Italy)

    2011-03-15

    Micro-combined heat and power (CHP) systems are a key resource to meet the EUCO{sub 2} reduction agreed in the Kyoto Protocol. In the near future they are likely to spread significantly through applications in the residential and service sectors, since they can provide considerably higher primary energy efficiencies than plants generating electricity and heat separately. A 28 kW{sub e} natural gas, automotive-derived internal combustion engine CHP system was modeled with a view to comparing constant and variable speed operation modes. Besides their energy performances, the paper addresses the major factors involved in their economic evaluation and describes a method to assess their economic feasibility. Typical residential and service sector applications were chosen as test cases and the results discussed in terms of energy performances and of profitability. They showed that interesting savings can be obtained with respect to separate generation, and that they are higher for the household application in variable speed operating conditions. In fact the plant's energy performance is greatly enhanced by the possibility, for any given power, to regulate the engine's rotational speed. From the economic viewpoint, despite the higher initial cost of the variable speed concept, the system involves a shorter pay-back period and ensures greater profit. (author)