76 FR 67717 - Nuclear Energy Advisory Committee

Science.gov (United States)

2011-11-02

... DEPARTMENT OF ENERGY Nuclear Energy Advisory Committee AGENCY: Department of Energy, Office of Nuclear Energy. ACTION: Notice of open meeting. SUMMARY: This notice announces a meeting of the Nuclear...: [email protected]nuclear.energy.gov . SUPPLEMENTARY INFORMATION: Background: The Nuclear Energy Advisory...

77 FR 26274 - Nuclear Energy Advisory Committee

Science.gov (United States)

2012-05-03

... DEPARTMENT OF ENERGY Nuclear Energy Advisory Committee AGENCY: Department of Energy, Office of Nuclear Energy. ACTION: Notice of open meeting. SUMMARY: This notice announces a meeting of the Nuclear[email protected]nuclear.energy.gov . SUPPLEMENTARY INFORMATION: Background: The Nuclear Energy Advisory Committee...

78 FR 76599 - Nuclear Energy Advisory Committee

Science.gov (United States)

2013-12-18

... DEPARTMENT OF ENERGY Nuclear Energy Advisory Committee AGENCY: Office of Nuclear Energy..., General Services Administration, notice is hereby given that the Nuclear Energy Advisory Committee (NEAC... to the Department of Energy's Office of Nuclear Energy on complex science and technical issues that...

75 FR 67351 - Nuclear Energy Advisory Committee

Science.gov (United States)

2010-11-02

... DEPARTMENT OF ENERGY Nuclear Energy Advisory Committee AGENCY: Office of Nuclear Energy, Department of Energy. ACTION: Notice of open meeting. SUMMARY: This notice announces a meeting of the Nuclear... [email protected]nuclear.energy.gov . SUPPLEMENTARY INFORMATION: Background: The Nuclear Energy Advisory...

75 FR 13269 - Nuclear Energy Advisory Committee

Science.gov (United States)

2010-03-19

... DEPARTMENT OF ENERGY Nuclear Energy Advisory Committee AGENCY: Department of Energy, Office of Nuclear Energy. ACTION: Notice of open meeting. SUMMARY: This notice announces a meeting of the Nuclear[email protected]nuclear.energy.gov . SUPPLEMENTARY INFORMATION: Background: The Nuclear Energy Advisory Committee...

76 FR 6605 - Energy Efficiency and Renewable Energy Advisory Committee (ERAC)

Science.gov (United States)

2011-02-07

... DEPARTMENT OF ENERGY Office of Energy Efficiency and Renewable Energy Energy Efficiency and Renewable Energy Advisory Committee (ERAC) AGENCY: Department of Energy, Office of Energy Efficiency and... within the field of energy efficiency and renewable energy. The Federal Advisory Committee Act, Public...

78 FR 70932 - Nuclear Energy Advisory Committee

Science.gov (United States)

2013-11-27

... DEPARTMENT OF ENERGY Nuclear Energy Advisory Committee AGENCY: Office of Nuclear Energy, Department of Energy. ACTION: Notice of open meeting. SUMMARY: This notice announces a meeting of the Nuclear[email protected]nuclear.energy.gov . SUPPLEMENTARY INFORMATION: Background: The Nuclear Energy Advisory Committee (NEAC...

76 FR 80355 - Energy Efficiency and Renewable Energy Advisory Committee (ERAC)

Science.gov (United States)

2011-12-23

... DEPARTMENT OF ENERGY Energy Efficiency and Renewable Energy Advisory Committee (ERAC) AGENCY: Department of Energy, Office of Energy Efficiency and Renewable Energy. ACTION: Notice of open teleconference... efficiency and renewable energy. The Federal Advisory Committee Act, Public Law 92- 463, 86 Stat. 770...

76 FR 54224 - Energy Efficiency and Renewable Energy Advisory Committee (ERAC)

Science.gov (United States)

2011-08-31

... DEPARTMENT OF ENERGY Energy Efficiency and Renewable Energy Advisory Committee (ERAC) AGENCY: Department of Energy, Office of Energy Efficiency and Renewable Energy. ACTION: Notice of open meeting... efficiency and renewable energy. The Federal Advisory Committee Act, Public Law 92-463, 86 Stat. 770...

76 FR 78252 - Nuclear Energy Advisory Committee

Science.gov (United States)

2011-12-16

... DEPARTMENT OF ENERGY Nuclear Energy Advisory Committee AGENCY: Department of Energy, Office of Nuclear Energy. ACTION: Notice of Renewal. SUMMARY: Pursuant to Section 14(a)(2)(A) of the Federal... hereby given that the Nuclear Energy Advisory Committee will be renewed for a two-year period. The...

78 FR 69839 - DOE/NSF High Energy Physics Advisory Panel

Science.gov (United States)

2013-11-21

... DEPARTMENT OF ENERGY DOE/NSF High Energy Physics Advisory Panel AGENCY: Department of Energy.../NSF High Energy Physics Advisory Panel (HEPAP). The Federal Advisory Committee Act (Pub. L. 92-463, 86... CONTACT: John Kogut, Executive Secretary; High Energy Physics Advisory Panel; U.S. Department of Energy...

75 FR 57463 - DOE/NSF High Energy Physics Advisory Panel

Science.gov (United States)

2010-09-21

... DEPARTMENT OF ENERGY DOE/NSF High Energy Physics Advisory Panel AGENCY: Department of Energy.../NSF High Energy Physics Advisory Panel (HEPAP). Federal Advisory Committee Act (Pub. L. 92-463, 86... Secretary; High Energy Physics Advisory Panel; U.S. Department of Energy; SC-25/ Germantown Building, 1000...

77 FR 4027 - DOE/NSF High Energy Physics Advisory Panel

Science.gov (United States)

2012-01-26

... DEPARTMENT OF ENERGY DOE/NSF High Energy Physics Advisory Panel AGENCY: Department of Energy.../NSF High Energy Physics Advisory Panel (HEPAP). The Federal Advisory Committee Act (Pub. L. 92-463, 86... Secretary; High Energy Physics Advisory Panel; U.S. Department of Energy; SC-25/ Germantown Building, 1000...

76 FR 41234 - DOE/NSF High Energy Physics Advisory Panel

Science.gov (United States)

2011-07-13

... DEPARTMENT OF ENERGY DOE/NSF High Energy Physics Advisory Panel AGENCY: Department of Energy.../NSF High Energy Physics Advisory Panel (HEPAP). The Federal Advisory Committee Act (Pub. L. 92-463, 86... Secretary; High Energy Physics Advisory Panel; U.S. Department of Energy; SC-25/ Germantown Building, 1000...

76 FR 8358 - DOE/NSF High Energy Physics Advisory Panel

Science.gov (United States)

2011-02-14

... DEPARTMENT OF ENERGY DOE/NSF High Energy Physics Advisory Panel AGENCY: Department of Energy.../NSF High Energy Physics Advisory Panel (HEPAP). Federal Advisory Committee Act (Pub. L. 92-463, 86... Secretary; High Energy Physics Advisory Panel; U.S. Department of Energy; SC-25/ Germantown Building, 1000...

75 FR 63450 - DOE/NSF High Energy Physics Advisory Panel

Science.gov (United States)

2010-10-15

... DEPARTMENT OF ENERGY DOE/NSF High Energy Physics Advisory Panel AGENCY: Department of Energy.../NSF High Energy Physics Advisory Panel (HEPAP). Federal Advisory Committee Act (Pub. L. 92-463, 86... 20852. FOR FURTHER INFORMATION CONTACT: John Kogut, Executive Secretary; High Energy Physics Advisory...

77 FR 64799 - DOE/NSF High Energy Physics Advisory Panel

Science.gov (United States)

2012-10-23

... DEPARTMENT OF ENERGY DOE/NSF High Energy Physics Advisory Panel AGENCY: Department of Energy... Physics Advisory Panel (HEPAP). Federal Advisory Committee Act (Pub. L. 92-463, 86 Stat. 770) requires... Kogut, Executive Secretary; High Energy Physics Advisory Panel; U.S. Department of Energy; SC-25...

78 FR 46330 - DOE/NSF High Energy Physics Advisory Panel

Science.gov (United States)

2013-07-31

... DEPARTMENT OF ENERGY DOE/NSF High Energy Physics Advisory Panel AGENCY: Office of Science... High Energy Physics Advisory Panel (HEPAP). Federal Advisory Committee Act (Pub. L. 92-463, 86 Stat... CONTACT: John Kogut, Executive Secretary; High Energy Physics Advisory Panel; U.S. Department of Energy...

76 FR 19986 - DOE/NSF High Energy Physics Advisory Panel

Science.gov (United States)

2011-04-11

... DEPARTMENT OF ENERGY DOE/NSF High Energy Physics Advisory Panel AGENCY: Department of Energy.../NSF High Energy Physics Advisory Panel (HEPAP). The Federal Advisory Committee Act (Pub. L. 92-463, 86... FURTHER INFORMATION CONTACT: John Kogut, Executive Secretary; High Energy Physics Advisory Panel; U.S...

77 FR 33449 - DOE/NSF High Energy Physics Advisory Panel

Science.gov (United States)

2012-06-06

... DEPARTMENT OF ENERGY DOE/NSF High Energy Physics Advisory Panel AGENCY: Office of Science... High Energy Physics Advisory Panel (HEPAP). The Federal Advisory Committee Act (Pub. L. 92-463, 86 Stat..., Executive Secretary; High Energy Physics Advisory Panel; U.S. Department of Energy; SC-25/ Germantown...

78 FR 12043 - DOE/NSF High Energy Physics Advisory Panel

Science.gov (United States)

2013-02-21

... DEPARTMENT OF ENERGY DOE/NSF High Energy Physics Advisory Panel AGENCY: Office of Science... High Energy Physics Advisory Panel (HEPAP). The Federal Advisory Committee Act (Pub. L. 92-463, 86 Stat... INFORMATION CONTACT: John Kogut, Executive Secretary; High Energy Physics Advisory Panel; U.S. Department of...

Energy investments and employment

International Nuclear Information System (INIS)

1993-08-01

A study was conducted to assess the effect that different energy options would have on provincial and regional employment prospects in British Columbia. Current and future economic and employment patterns were examined to develop a more detailed understanding of the skills, age, gender, location, and other characteristics of British Columbia workers. Over 40 previous studies examining the energy/employment relationship were also reviewed. Based on this review and an analysis of the province's economic and labor conditions, the following conclusions are drawn. Investment in non-energy sectors offers better prospects for reducing unemployment than investment in the energy sector, whether for new supply or improving efficiency. Investments in the energy sector provide fewer jobs than investments in most other sectors of the economy. Among the available electricity supply options, large hydroelectric projects tend to produce the fewest jobs per investment dollar. Smaller thermal projects such as wood residue plants produce the most jobs. If and when more energy is needed in British Columbia, the most cost-effective combination of energy supply and efficiency options will also create the most jobs. Compared to traditional energy supply options, investments in energy efficiency would create about twice as many total jobs, create jobs that better match the skills of the province's unemployed and its population distribution, and create jobs that last longer on the average. Construction-related measures such as improved insulation tend to produce more jobs per investment dollar than the substitution of more energy-efficient equipment. 69 refs., 9 tabs

76 FR 23798 - Nuclear Energy Advisory Committee; Meeting

Science.gov (United States)

2011-04-28

... DEPARTMENT OF ENERGY Nuclear Energy Advisory Committee; Meeting AGENCY: Office of Nuclear Energy, Department of Energy. ACTION: Notice of open meeting. SUMMARY: This notice announces a meeting of the Nuclear... [email protected]nuclear.energy.gov . SUPPLEMENTARY INFORMATION: Background: The Nuclear Energy Advisory...

76 FR 49757 - Fusion Energy Sciences Advisory Committee

Science.gov (United States)

2011-08-11

... DEPARTMENT OF ENERGY Fusion Energy Sciences Advisory Committee AGENCY: Office of Science... Services Administration, notice is hereby given that the Fusion Energy Sciences Advisory Committee will be... science, fusion science, and fusion technology related to the Fusion Energy Sciences program. Additionally...

76 FR 53119 - High Energy Physics Advisory Panel

Science.gov (United States)

2011-08-25

... DEPARTMENT OF ENERGY High Energy Physics Advisory Panel AGENCY: Department of Energy. ACTION... hereby given that the High Energy Physics Advisory Panel will be renewed for a two-year period, beginning...-range planning and priorities in the national High Energy Physics program. Additionally, the renewal of...

78 FR 50405 - High Energy Physics Advisory Panel

Science.gov (United States)

2013-08-19

... DEPARTMENT OF ENERGY High Energy Physics Advisory Panel AGENCY: Office of Science, Department of..., General Services Administration, notice is hereby given that the High Energy Physics Advisory Panel will... Sciences Directorate (NSF), on long-range planning and priorities in the national high-energy physics...

75 FR 6651 - Office of Science; High Energy Physics Advisory Panel

Science.gov (United States)

2010-02-10

... DEPARTMENT OF ENERGY Office of Science; High Energy Physics Advisory Panel AGENCY: Department of... Physics Advisory Panel (HEPAP). Federal Advisory Committee Act (Public Law 92- 463, 86 Stat. 770) requires...; High Energy Physics Advisory Panel; U.S. Department of Energy; SC-25/ Germantown Building, 1000...

76 FR 2029 - Small Business Investment Companies-Energy Saving Qualified Investments

Science.gov (United States)

2011-01-12

... 3245-AF86 Small Business Investment Companies--Energy Saving Qualified Investments AGENCY: U.S. Small... Administration (SBA) is setting forth the new defined terms, ``Energy Saving Qualified Investment'' and ``Energy Saving Activities'', for the Small Business Investment Company (SBIC) Program. The new definitions are...

78 FR 47677 - Basic Energy Sciences Advisory Committee

Science.gov (United States)

2013-08-06

... DEPARTMENT OF ENERGY Basic Energy Sciences Advisory Committee AGENCY: Office of Science... hereby given that the Basic Energy Sciences Advisory Committee's (BESAC) charter will be renewed for a two-year period. The Committee will provide advice and recommendations to the Office of Science on the...

Queensland Energy Advisory Council's, annual review and energy statistics, 1982

Energy Technology Data Exchange (ETDEWEB)

1982-01-01

Queensland Energy Advisory Council (QEAC) role covers all forms of energy including renewable, non-renewable, commercialised and non-commercialised energy forms or proposals. While coal developments and electricity matters are discussed and monitored at meetings, the Mines Department and the State Electricity Commission, respectively, retain responsibility for most aspects in these energy sectors. In such cases QEAC's expertise and role is limited and is advisory. In other areas such as energy conservation, management of liquid fuel emergencies, natural gas supply and demand, solar energy, coal conversion, and ethanol production, QEAC made a significant contribution to policy development in 1981/82.

78 FR 20896 - Renewable Energy and Energy Efficiency Advisory Committee

Science.gov (United States)

2013-04-08

... DEPARTMENT OF COMMERCE International Trade Administration Renewable Energy and Energy Efficiency... of an Open Meeting. SUMMARY: The Renewable Energy and Energy Efficiency Advisory Committee (RE&EEAC... industry-specific teams--renewable energy, energy efficiency, energy storage and transmission, and biofuels...

Energy Investment Allowance. Energy List 2000

International Nuclear Information System (INIS)

2000-01-01

The title regulation (EIA, abbreviated in Dutch) offers entrepreneurs in the Netherlands financial incentives to invest in energy efficient capital equipment and renewable energy. Minimal 40% of the investment costs with a maximum of 208 million Dutch guilders can be deducted from fiscal profits. For one or more years less income tax or corporation taxes have to be paid. In this brochure it is outlined what the EIA means and how it can be used. The Energy List contains brief descriptions of examples of different energy efficient options that can be applied to qualify for the EIA

77 FR 6783 - Renewable Energy and Energy Efficiency Advisory Committee

Science.gov (United States)

2012-02-09

... DEPARTMENT OF COMMERCE International Trade Administration Renewable Energy and Energy Efficiency... of an open meeting. SUMMARY: The Renewable Energy and Energy Efficiency Advisory Committee (RE&EEAC... competitiveness of U.S. renewable [[Page 6784

76 FR 7815 - Renewable Energy and Energy Efficiency Advisory Committee

Science.gov (United States)

2011-02-11

... DEPARTMENT OF COMMERCE International Trade Administration Renewable Energy and Energy Efficiency... of an open meeting. SUMMARY: The Renewable Energy and Energy Efficiency Advisory Committee (RE&EEAC... programs support the competitiveness of U.S. renewable energy and energy efficiency companies, to review...

76 FR 54431 - Renewable Energy and Energy Efficiency Advisory Committee

Science.gov (United States)

2011-09-01

... DEPARTMENT OF COMMERCE International Trade Administration Renewable Energy and Energy Efficiency... of an Open Meeting. SUMMARY: The Renewable Energy and Energy Efficiency Advisory Committee (RE&EEAC... competitiveness of the U.S. renewable energy and energy efficiency industries, including specific challenges...

78 FR 78340 - Renewable Energy and Energy Efficiency Advisory Committee

Science.gov (United States)

2013-12-26

... DEPARTMENT OF COMMERCE International Trade Administration Renewable Energy and Energy Efficiency... of an Open Meeting. SUMMARY: The Renewable Energy and Energy Efficiency Advisory Committee (RE&EEAC... affecting U.S. competitiveness in exporting renewable energy and energy efficiency (RE&EE) products and...

Energy price uncertainty, energy intensity and firm investment

International Nuclear Information System (INIS)

Yoon, Kyung Hwan; Ratti, Ronald A.

2011-01-01

This paper examines the effect of energy price uncertainty on firm-level investment. An error correction model of capital stock adjustment is estimated with data on U.S. manufacturing firms. Higher energy price uncertainty is found to make firms more cautious by reducing the responsiveness of investment to sales growth. The result is robust to consideration of energy intensity by industry. The effect is greater for high growth firms. It must be emphasized that the direct effect of uncertainty is not estimated. Conditional variance of energy price is obtained from a GARCH model. Findings suggest that stability in energy prices would be conducive to greater stability in firm-level investment. (author)

77 FR 23224 - Renewable Energy and Energy Efficiency Advisory Committee

Science.gov (United States)

2012-04-18

... DEPARTMENT OF COMMERCE International Trade Administration Renewable Energy and Energy Efficiency... of an open meeting. SUMMARY: The Renewable Energy and Energy Efficiency Advisory Committee (RE&EEAC.... competitiveness in exporting renewable energy and energy efficiency (RE&EE) products and services, such as access...

78 FR 69370 - Renewable Energy and Energy Efficiency Advisory Committee

Science.gov (United States)

2013-11-19

... DEPARTMENT OF COMMERCE International Trade Administration Renewable Energy and Energy Efficiency... of an open meeting. SUMMARY: The Renewable Energy and Energy Efficiency Advisory Committee (RE&EEAC....S. renewable energy and energy efficiency industries. The December 3, 2013 meeting of the RE&EEAC...

76 FR 44576 - Renewable Energy and Energy Efficiency Advisory Committee

Science.gov (United States)

2011-07-26

... DEPARTMENT OF COMMERCE International Trade Administration Renewable Energy and Energy Efficiency... of an Open Meeting. SUMMARY: The Renewable Energy and Energy Efficiency Advisory Committee (RE&EEAC.... renewable energy and energy efficiency industries. The RE&EEAC held its first meeting on December 7, 2010...

78 FR 2952 - Renewable Energy and Energy Efficiency Advisory Committee

Science.gov (United States)

2013-01-15

... DEPARTMENT OF COMMERCE International Trade Administration Renewable Energy and Energy Efficiency... of an open meeting. SUMMARY: The Renewable Energy and Energy Efficiency Advisory Committee (RE&EEAC... competitiveness of U.S. renewable energy and energy efficiency exports. The meeting is open to the public and the...

Investment in Renewable Energies in Argentina

OpenAIRE

Marina Recalde

2017-01-01

This article analyzes how the enabling conditions of the energy policy of a developing country such as Argentina, are crucial for the deployment of renewable energy investments. The conclusions highlights that the low institutional quality of the country shapes enabling conditions and reduce effect of the instruments of the energy policy, dropping incentives for investment in renewable technologies in the country. Therefore, in order to promote renewable technologies investments efficiently, ...

Summary of the World Energy Investment Outlook 2003

International Nuclear Information System (INIS)

2004-01-01

The current edition of the World Energy Investment Outlook published by the International Energy Agency (IEA) focuses on the foreseeable worldwide investment requirement in the energy sector. The study lists these conclusions, among others: -Total investments of U.S. dollar 16,000 billion worldwide are needed for the energy supply infrastructure over the period 2001 to 2030. They are necessary to add to the power supply capacities and to replace existing power systems and power supply systems. - The financial resources available worldwide are sufficient, basically, to finance the energy investments forecast in the study. The framework conditions necessary for this purpose must be established. - The world energy resources are sufficient to meet the projected demand. Mobilizing the investments depends on the ability of the energy sector to hold its own in the competition for capital with other sectors of the economy. - Energy investments will be dominated by the electricity sector. This sector is likely to absorb nearly U.S. dollar 10,000 billion, or 60% of the total investment. - The developing countries, where energy generation and consumption are going to increase at the fastest rate, will take nearly half of the energy investment worldwide. - A major share of these energy investments is needed to keep up the present level of supply. - The largest share of investments into fossil sources of energy will be spent on extraction costs, exploration included, with different shares applying to the different sources of energy. (orig.) [de

76 FR 71312 - Renewable Energy and Energy Efficiency Advisory Committee Meeting

Science.gov (United States)

2011-11-17

... DEPARTMENT OF COMMERCE International Trade Administration Renewable Energy and Energy Efficiency...: Notice of an Open Meeting. SUMMARY: The Renewable Energy and Energy Efficiency Advisory Committee (RE... competitiveness of the U.S. renewable energy and energy efficiency industries, including specific challenges...

77 FR 67809 - Nuclear Energy Advisory Committee

Science.gov (United States)

2012-11-14

... DEPARTMENT OF ENERGY Nuclear Energy Advisory Committee AGENCY: Department of Energy, Office of Nuclear Energy. ACTION: Notice of Open Meeting. SUMMARY: This notice announces a meeting of the Nuclear...., Washington, DC 20585; telephone (301) 903-9096; email: [email protected]nuclear.energy.gov . SUPPLEMENTARY...

76 FR 67158 - Secretary of Energy Advisory Board Natural Gas Subcommittee

Science.gov (United States)

2011-10-31

... DEPARTMENT OF ENERGY Secretary of Energy Advisory Board Natural Gas Subcommittee AGENCY: Department of Energy. ACTION: Notice of Cancellation of Open Meeting. SUMMARY: This notice announces the cancellation of the November 1, 2011, meeting of the Secretary of Energy Advisory Board (SEAB) Natural Gas...

78 FR 29125 - Nuclear Energy Advisory Committee

Science.gov (United States)

2013-05-17

... DEPARTMENT OF ENERGY Nuclear Energy Advisory Committee AGENCY: Office of Nuclear Energy, Department of Energy. ACTION: Notice of open meeting. SUMMARY: This notice announces a meeting of the Nuclear... Independence Avenue SW., Washington DC 20585; telephone (301) 903-9096; email [email protected]nuclear.energy.gov...

Investment in Renewable Energies in Argentina

Directory of Open Access Journals (Sweden)

Marina Recalde

2017-05-01

Full Text Available This article analyzes how the enabling conditions of the energy policy of a developing country such as Argentina, are crucial for the deployment of renewable energy investments. The conclusions highlights that the low institutional quality of the country shapes enabling conditions and reduce effect of the instruments of the energy policy, dropping incentives for investment in renewable technologies in the country. Therefore, in order to promote renewable technologies investments efficiently, the institutional framework of countries must be seriously improved.

INVESTING IN THE GLOBAL ENERGY: KEY TRENDS

Directory of Open Access Journals (Sweden)

A. Stepanova

2016-06-01

Full Text Available The questions of energy investments in the regions of the world, which allowed to carry out analysis of various types of energy production, focus on enerhozberezheni and renewable energy sources. Proved the importance of investing energy sector for the entire civilized world and defined the priorities of the process. Indicated that investment in the energy sector is based on public policy, to determine possible solutions to the energy dependence of Ukraine, taking into account the international experience.

Profiles of foreign direct investment in US energy, 1991

International Nuclear Information System (INIS)

1993-01-01

Profiles of Foreign Direct Investment in US Energy 1991 describes the role of foreign ownership in US energy enterprises, with respect to investment, energy operations, and financial performance. Additionally, since energy investments are made in a global context, outward investment in energy is reviewed trough an examination of US-based companies' patterns of investment in foreign petroleum. The data used in this report come from the Energy Information Administration (EIA), the US Department of Commerce, company annual reports, and public disclosures of investment transactions

Profiles of foreign direct investment in US energy, 1990

International Nuclear Information System (INIS)

1992-01-01

Profiles of Foreign Direct Investment in US Energy 1990 describes the role of foreign ownership in US energy enterprises, with respect to investment, energy operations, and financial performance. Additionally, since energy investments are made in a global context, outward investment in energy is reviewed through an examination of US-based companies' patterns of investment in foreign petroleum. The data used in this report come from the Energy Information Administration (EIA), the US Department of Commerce, company annual reports, and public disclosures of investment transactions

Investing in Energy Efficiency. Removing the Barriers

International Nuclear Information System (INIS)

2004-01-01

Investing in improving energy efficiency has the clear advantages of reducing energy costs, improving security of supply and mitigating the environmental impacts of energy use. And still, many viable opportunities for higher energy efficiency are not tapped because of the existence of numerous barriers to such investments. These lost opportunities imply costs to the individual energy consumers and to the society as a whole and they are particularly important in economies in transition. This report identifies various types of barriers for making energy efficiency investments (be they of legal, administrative, institutional or financial nature), mainly in buildings, district heating and efficient lighting. The role of various bodies and organisations for the facilitation of energy efficiency investments is analysed, from public authorities and regulators to banks and international financing institutions

Global energy - investment requirements. A presentation of the world energy investments outlook 2003 - insights

International Nuclear Information System (INIS)

Cattier, F.

2003-01-01

In order to meet the World's energy requirements for the next 30 years, 16 000 billion dollars will be necessary. Some 60% of this investment will go to the electricity sector and almost half of the total investment must be made in the developing countries. Where fossil fuels are concerned the bulk of the investments will a devoted to exploration and development activities. Transportation and distribution will account for 54 % of the investment in the electricity sector. The financing of these investments is currently the subject of various uncertainties. The conditions for access to resources will be decisive for the oil and gas sectors. The impact of liberalization in the countries of the OECD and the profitability of the investments in developing countries constitute the main challenges for the electricity sector. (authors)

Optimal Investment Planning of Bulk Energy Storage Systems

Directory of Open Access Journals (Sweden)

Dina Khastieva

2018-02-01

Full Text Available Many countries have the ambition to increase the share of renewable sources in electricity generation. However, continuously varying renewable sources, such as wind power or solar energy, require that the power system can manage the variability and uncertainty of the power generation. One solution to increase flexibility of the system is to use various forms of energy storage, which can provide flexibility to the system at different time ranges and smooth the effect of variability of the renewable generation. In this paper, we investigate three questions connected to investment planning of energy storage systems. First, how the existing flexibility in the system will affect the need for energy storage investments. Second, how presence of energy storage will affect renewable generation expansion and affect electricity prices. Third, who should be responsible for energy storage investments planning. This paper proposes to assess these questions through two different mathematical models. The first model is designed for centralized investment planning and the second model deals with a decentralized investment approach where a single independent profit maximizing utility is responsible for energy storage investments. The models have been applied in various case studies with different generation mixes and flexibility levels. The results show that energy storage system is beneficial for power system operation. However, additional regulation should be considered to achieve optimal investment and allocation of energy storage.

75 FR 41838 - Basic Energy Sciences Advisory Committee

Science.gov (United States)

2010-07-19

... Basic Energy Sciences Computational Materials Science and Chemistry for Innovation Workshop Final Report... DEPARTMENT OF ENERGY Basic Energy Sciences Advisory Committee AGENCY: Department of Energy, Office of Science. ACTION: Notice of Open Meeting. SUMMARY: This notice announces a meeting of the Basic...

Financing energy investments in the economies in transition

International Nuclear Information System (INIS)

Brendow, C.

1997-01-01

This report is the part concerning Central and Eastern Europe (CEE) and the Commonwealth of Independent States (CIS) of the World Energy Council (WEC) Programme - a global study of the financing requirements of future energy developments. The investment needs are determined to reach the standards of developed energy market economies in terms of quality of service, efficiency, profitability, environmental protection and safety. Considering the macro-economic and general energy development scenarios done by IIASA and WEC the cumulative investment requirements 1990-2020 would be to range from $281bill. to $509 bill. in CEE; annual investment requirements would amount to $15-28 bill. depending on the scenarios; specific investment requirements per ton energy would range from 77 (ecologically driven scenario) to $101 (high growth, coal based scenario). In 1994 international finance for CEE/CIS energy sector was only $5 bill. (or 5% of the needs) due to the small size of the projects, low energy prices and the lack of incentives. CEE/CIS countries have not done enough to attract foreign loans. Western energy corporations acquired shares of Russian oil and gas companies. Reasons for the slow start include currency risk, legal uncertainty, uncertain demand prospects, low electricity tariffs, required rate of returns - above 18% in CEE, 25% in CIS, compared to 10% in US and UK. About 9% of total world foreign direct investments have been entered in energy sector. Multilateral organizations have invested yearly average $0.8-1 bill. grants and credits in CEE/CIS energy activities. From 1991 to 1995 135 mill. ECU have been spent for supporting national energy sector in CEE countries under PHARE activities. Difficulties are due to the lack of developed capital markets in these countries. In the future CEE capital markets could support a substantial proportion of the national investment requirements. By 2020 capital requirements for energy supply investments would be 3.4-4.7% of

Investment preferences for wood-based energy initiatives in the US

Energy Technology Data Exchange (ETDEWEB)

Aguilar, Francisco X. [Department of Forestry, School of Natural Resources, 203L Anheuser-Busch Natural Resources Building, University of Missouri, Columbia, MO 65211 (United States)

2009-06-15

The forest sector is poised to become a major supplier of wood-based energy in the US. Prospects for growth in energy demand and higher prices can create opportunities for private investments in renewable energy industries. A conjoint analysis examined individuals' willingness to invest in wood-based energies following a random utility model. The study design included three investment attributes: annual returns on investment, type of investment, and location of investment. Three ordinal models that also included demographic and attitudinal characteristics indicate that wood-based energy is less preferred among potential investors compared to the stock market and solar/wind renewable energy investments. Expected returns and location of energy investments within the US are also major drivers of investment preferences. Favorable attitudes towards forestry and wood-based energy could enhance prospects for a greater number of potential investors. (author)

Investment preferences for wood-based energy initiatives in the US

International Nuclear Information System (INIS)

Aguilar, Francisco X.

2009-01-01

The forest sector is poised to become a major supplier of wood-based energy in the US. Prospects for growth in energy demand and higher prices can create opportunities for private investments in renewable energy industries. A conjoint analysis examined individuals' willingness to invest in wood-based energies following a random utility model. The study design included three investment attributes: annual returns on investment, type of investment, and location of investment. Three ordinal models that also included demographic and attitudinal characteristics indicate that wood-based energy is less preferred among potential investors compared to the stock market and solar/wind renewable energy investments. Expected returns and location of energy investments within the US are also major drivers of investment preferences. Favorable attitudes towards forestry and wood-based energy could enhance prospects for a greater number of potential investors.

Smarter finance for cleaner energy: open up master limited partnerships (MLPs) and real estate investment trusts (REITs) to renewable energy investment

Energy Technology Data Exchange (ETDEWEB)

Mormann, Feliz; Reicher, Dan

2012-11-15

Master Limited Partnerships (MLPs) and Real Estate Investment Trusts (REITs)—both well-established investment structures—should be opened up to renewable energy investment. MLPs and, more recently, REITs have a proven track record for promoting oil, gas, and other traditional energy sources. When extended to renewable energy projects these tools will help promote growth, move renewables closer to subsidy independence, and vastly broaden the base of investors in America’s energy economy. The extension of MLPs and REITs to renewables enjoys significant support from the investment and clean energy communities. In addition, MLPs for renewables also enjoy bipartisan political backing in Congress.

Attractiveness Evaluation of Investment in Wind Energy Projects

Directory of Open Access Journals (Sweden)

Paulius Rudzkis

2012-07-01

Full Text Available Last decade as prices of fossil energy resources were almost constantly going upwards, increasing flow of investments is directed to renewable energy resources. Development and application of green energy became one of priority objectives in many countries. While in the context of wind energy production Lithuania lags behind the EU average, its potential of wind energy usage has great perspective. In this article using random processes, cost-benefit and financial analysis, attractiveness of investment in wind energy projects is examined. Given the stochastic nature of wind energy and by looking into investment profitableness and risk factors, effectiveness of wind turbine is evaluated. Analysis showed that wind energy projects could be considered as having high profit-to-risk factor and should generate significant interest of investment community.

China's Sovereign Wealth Fund Investments in overseas energy: The energy security perspective

International Nuclear Information System (INIS)

Sun, Xiaolei; Li, Jianping; Wang, Yongfeng; Clark, Woodrow W.

2014-01-01

Sovereign Wealth Funds (SWFs) are state-owned investment funds that invest in real and financial assets. Since the global financial crisis in 2008, SWFs' investments have resulted in national security concerns of host countries because SWFs continue to expand rapidly and have become increasingly active in real-time strategic transactions. Given this background, China, which has the biggest SWF in the world, is facing severe challenges of energy resources shortages while its plan is to accomplish social and economic development goals. Energy security is a key driving force of the energy investment policy of China's SWFs. This makes the SWF investments more complicated and more politically sensitive. The combination of sovereign rights and the strategic importance of energy also makes geopolitics more complicated and brings more uncertainty to SWF investments. This article explores the relationship between energy security and energy investments of China's SWFs. It is recognised that the energy investment of SWFs must follow a sustainable path to coordinate energy security, economic growth, return on investment and national security concerns. Government policymakers are urged to balance the financial and political returns on SWFs against potential negative effects. The conclusion presents insights for policymakers, energy scholars and SWF researchers. - Highlights: • Sovereign Wealth Funds (SWFs) are government-owned and may pursue geopolitical power. • SWF investment in energy is necessary for commercial and strategic interests. • China's SWFs are active in energy investment to support a “going global” strategy. • Sovereign rights are inevitable to integrate the strategic property of energy. • SWF investments in energy suffer negative impacts due to sovereign rights

Research on energy strategy and Chinese energy investment in the middle east

Science.gov (United States)

Huang, Yiling

2017-08-01

The Middle East is a key node of “One Belt and One Road strategy”. Energy investment is an important part of Chinese investment in the Middle East. The political turmoil in the Middle East has brought the political risks to Chinese investors. In the future, with the globalization of Chinese resource distribution and the expansion of Chinese outward investment, it is significant for China to ensure its energy security. Based on the analysis of the situation of Chinese energy strategy in the Middle East, this paper tries to put forward some suggestion about Chinese energy investment in the Middle East in order to protect Chinese energy security effectively.

Energy Return on Investment - Fuel Recycle

International Nuclear Information System (INIS)

Halsey, W.; Simon, A.J.; Fratoni, M.; Smith, C.; Schwab, P.; Murray, P.

2012-01-01

This report provides a methodology and requisite data to assess the potential Energy Return On Investment (EROI) for nuclear fuel cycle alternatives, and applies that methodology to a limited set of used fuel recycle scenarios. This paper is based on a study by Lawrence Livermore National Laboratory and a parallel evaluation by AREVA Federal Services LLC, both of which were sponsored by the DOE Fuel Cycle Technologies (FCT) Program. The focus of the LLNL effort was to develop a methodology that can be used by the FCT program for such analysis that is consistent with the broader energy modeling community, and the focus of the AREVA effort was to bring industrial experience and operational data into the analysis. This cooperative effort successfully combined expertise from the energy modeling community with expertise from the nuclear industry. Energy Return on Investment is one of many figures of merit on which investment in a new energy facility or process may be judged. EROI is the ratio of the energy delivered by a facility divided by the energy used to construct, operate and decommission that facility. While EROI is not the only criterion used to make an investment decision, it has been shown that, in technologically advanced societies, energy supplies must exceed a minimum EROI. Furthermore, technological history shows a trend towards higher EROI energy supplies. EROI calculations have been performed for many components of energy technology: oil wells, wind turbines, photovoltaic modules, biofuels, and nuclear reactors. This report represents the first standalone EROI analysis of nuclear fuel reprocessing (or recycling) facilities.

RESEARCH OF GLOBAL NEW INVESTMENT IN RENEWABLE ENERGY

Directory of Open Access Journals (Sweden)

О. Chernyak

2015-10-01

Full Text Available This article contains results of studying experiences of the leading countries in renewable energy technologies’ development. The classification of renewable energy was presented. In this article we investigated modern trends and prospects of wind power, solar energy, hydropower, bioenergy and geothermal energy. Authors analyzed different national strategies for attracting investments in “green” energy. Rating of the 10 countries with the largest investments in alternative energy was presented. Authors researched investments in developed countries and developing countries, depending on the type of renewable energy. A model for research and forecasting of investment in renewable energy based on annual data for the period 1990-2012 years was built. In addition, authors used methods such as moving average, exponential smoothing, Holt- Winters method and different types of trends based on quarterly data for 2004-2014 years.

Promoting energy efficiency investments with risk management decision tools

International Nuclear Information System (INIS)

Jackson, Jerry

2010-01-01

This paper reviews current capital budgeting practices and their impact on energy efficiency investments. The prevalent use of short payback 'rule-of-thumb' requirements to screen efficiency projects for risk is shown to bias investment choices towards 'sure bet' investments bypassing many profitable efficiency investment options. A risk management investment strategy is presented as an alternative to risk avoidance practices applied with payback thresholds. The financial industry risk management tool Value-at-Risk is described and extended to provide an Energy-Budgets-at-Risk or EBaR risk management analysis to convey more accurate energy efficiency investment risk information. The paper concludes with recommendations to expand the use of Value-at-Risk-type energy efficiency analysis.

77 FR 54777 - Accelerating Investment in Industrial Energy Efficiency

Science.gov (United States)

2012-09-05

...--Accelerating Investment in Industrial Energy Efficiency Executive Order 13625--Improving Access to Mental... Accelerating Investment in Industrial Energy Efficiency By the authority vested in me as President by the... helping to facilitate investments in energy efficiency at industrial facilities, it is hereby ordered as...

Clean Energy Finance: Challenges and Opportunities of Early-Stage Energy Investing (Presentation)

Energy Technology Data Exchange (ETDEWEB)

Heap, D.; Pless, J.; Aieta, N.

2013-12-01

Characterized by a changing landscape and new opportunities, today's increasingly complex energy decision space will need innovative financing and investment models to appropriately assess risk and profitability. This report provides an overview of the current state of clean energy finance across the entire spectrum but with a focus on early stage investing, and it includes insights from investors across all investment classes. Further, this report aims to provide a roadmap with the mechanisms, limitations, and considerations involved in making successful investments by identifying risks, challenges, and opportunities in the clean energy sector.

RENEWABLE ENERGY INVESTMENTS DURING 2004-2015 PERIOD

Directory of Open Access Journals (Sweden)

Brîndușa COVACI

2016-12-01

Full Text Available The article presents important considerations on the renewable energy investments from world and European level. The paper points out Europe's position in the current world context. Research is an exploratory one, being supported by statistical interpretations made by the author based on analysis of the "Global Trends in the renewable energy sector" report (2016, United Nations Environment Programme in collaboration with Bloomberg under the auspices of the School of Finance and Management in Frankfurt. Conceptually, the paper presents the most important points of the oscillation investments in the renewable energy sector worldwide. The level of investment in the renewable energy sector offers an accurate picture of the extent of decarbonisation.

HiEnergy Technologies announces scientific advisory board

CERN Multimedia

2003-01-01

HiEnergy has named the physicists on their independent scientific advisory board. They include Nobel laureate Dr. Melvin Schwartz and Dr. Giovanni Fazio, Senior Physicist at the Harvard Smithsonian Centre (1/2 page).

Energy conservation investments: A comparison between China and the US

International Nuclear Information System (INIS)

Lin, Jiang

2007-01-01

Growth in energy consumption in China has soared from 2001 to 2004, driven largely by a booming economy and heavy investment in infrastructure and housing. In response, China has poured billions of dollars of investment in building power plants-at a rate of one large power plant (1000 MW) per week. In fact, China in 2004 has added the entire generating capacity of California or Spain in a single year. In contrast, investment in energy conservation projects has weakened considerably in recent years. This paper examines trends in energy efficiency investments in China and the US. The comparison highlights the potential of energy conservation investments in addressing China's current energy crisis as well as the inadequacy of such investments in China. Finally, the paper outlines a few scenarios for appropriate levels of investments in energy efficiency in China in the future

Energy Investment: Beyond Competence

Science.gov (United States)

Tosti, Donald T.; Amarant, John

2005-01-01

People vary considerably in their work performance as well as their overall approach to work. At one extreme are the outstanding performers, who approach work with enthusiasm and energy, and, at the other extreme, are those who seem to do only what is necessary to get by. Organizatins often invest a good deal of energy in trying to improve the…

Renewable energy investment: Policy and market impacts

International Nuclear Information System (INIS)

Reuter, Wolf Heinrich; Szolgayová, Jana; Fuss, Sabine; Obersteiner, Michael

2012-01-01

Highlights: ► Feedback of decisions to the market: large companies can have an impact on prices in the market. ► Multiple uncertainties: analysis of uncertainties emanating from both markets and environment. ► Policy analysis: impact of uncertainty about the durability of feed-in tariffs. -- Abstract: The liberalization of electricity markets in recent years has enhanced competition among power-generating firms facing uncertain decisions of competitors and thus uncertain prices. At the same time, promoting renewable energy has been a key ingredient in energy policy seeking to de-carbonize the energy mix. Public incentives for companies to invest in renewable technologies range from feed-in tariffs, to investment subsidies, tax credits, portfolio requirements and certificate systems. We use a real options model in discrete time with lumpy multiple investments to analyze the decisions of an electricity producer to invest into new power generating capacity, to select the type of technology and to optimize its operation under price uncertainty and with market effects. We account for both the specific characteristics of renewables and the market effects of investment decisions. The prices are determined endogenously by the supply of electricity in the market and by exogenous electricity price uncertainty. The framework is used to analyze energy policy, as well as the reaction of producers to uncertainty in the political and regulatory framework. In this way, we are able to compare different policies to foster investment into renewables and analyze their impacts on the market.

78 FR 11167 - Meetings: State Energy Advisory Board

Science.gov (United States)

2013-02-15

... Advisory Committee Act (Pub. L. 92- 463; 86 Stat. 770) requires that public notice of these meetings be... carry out the Board's responsibilities as designated in the State Energy Efficiency Programs Improvement... and Renewable Energy (EERE), discuss new initiatives and technologies generated by the EERE program...

Energy auditing in connection with subsidy schemes for energy saving investments

Energy Technology Data Exchange (ETDEWEB)

Broend, Evald

1979-07-01

A review of the energy situation in Denmark is presented. Government subsidies for investments aiding projects aimed at reducing process energy consumption are discussed. The law serves as an incentive for the implementation of energy saving measures which would not otherwise be carried out because they would not be sufficiently economic. Subsidies of up to 40% of the amount invested are available. The special form of energy auditing carried out on the part of society concerning industrial energy consumption and some idea of how energy auditing is practiced in the individual enterprise are discussed.

Modeling energy technology choices. Which investment analysis tools are appropriate?

International Nuclear Information System (INIS)

Johnson, B.E.

1994-01-01

A variety of tools from modern investment theory appear to hold promise for unraveling observed energy technology investment behavior that often appears anomalous when analyzed using traditional investment analysis methods. This paper reviews the assumptions and important insights of the investment theories most commonly suggested as candidates for explaining the apparent ''energy technology investment paradox''. The applicability of each theory is considered in the light of important aspects of energy technology investment problems, such as sunk costs, uncertainty and imperfect information. The theories addressed include the capital asset pricing model, the arbitrage pricing theory, and the theory of irreversible investment. Enhanced net present value methods are also considered. (author)

FINANCING RENEWABLE ENERGY SOURCES INVESTMENT IN POLAND

Directory of Open Access Journals (Sweden)

Jerzy Piotr Gwizdała

2017-09-01

Full Text Available In Poland, as in other European Union countries, the project finance structure is used to finance investments in the field of energy. This method investment financing is often used in the world. The upward trend inhibition in recent periods has been due to the global financial crisis and financial instability in the euro zone. On account of the necessity to develop the energy infrastructure associated with renewable sources, the considerable strengthening in the use of project finance techniques can be expected. The particular progression may be observed in the case of public-private partnership (ppp, where public investments are carried out by private companies. Companies, in case of investment realization in the field of ppp, almost always use project finance, because it is a beneficial way to separate the risks associated with an investment from the balance sheet of the compa-ny.

EU policy objectives and energy investment decisions

OpenAIRE

Alario, Juan

2007-01-01

EU energy policies have changed focus in the last few years with a view to substantially reducing energy import dependency and greenhouse gas emissions. The EU Commission has played a leading role in defining the new orientations. The implementation of the EU policy objectives approved by the Council of March 2007 will require a substantial expansion of energy investments. However, the degree of uncertainty affecting investment decisions remains high, notably in relation to the pricing of CO2...

Dutch Energy Investment Allowance (EIA). Energy List for 2013; Energie-investeringsaftrek (EIA). Energielijst 2013

Energy Technology Data Exchange (ETDEWEB)

NONE

2013-01-15

The Energy Investment Allowance (EIA) is a tax system by means of which the Dutch government supports companies with investments in energy-saving equipment and renewable energy. This brochure explains the assets eligible for EIA and how the scheme works [Dutch] De Energie-investeringsaftrek (EIA) is een fiscale regeling waarmee de overheid ondersteuning biedt voor bedrijven bij investeringen in energiebesparende bedrijfsmiddelen en duurzame energie. In deze brochure wordt uitgelegd welke bedrijfsmiddelen in aanmerking komen voor EIA en hoe de regeling werkt.

Energy upgrades as financial or strategic investment? Energy Star property owners and managers improving building energy performance

International Nuclear Information System (INIS)

Gliedt, Travis; Hoicka, Christina E.

2015-01-01

Highlights: • Energy Star property owners/managers view energy as strategic or financial investments. • Energy performance improvements and motivations differ by property type. • Energy projects are most often funded by internal cash reserves. • Motivations and funding sources differ by type of energy project. • Environmental sustainability is an important criterion in many energy projects. - Abstract: Due to its significant carbon footprint and cost-effectiveness for upgrades, the commercial property sector is important for climate change mitigation. Although barriers to energy system changes, such as funding, financing and information, are well recognized, Energy Star property owners and managers are successfully overcoming these barriers and instigating energy efficiency upgrades, renewable energy installations, and behavior and management programs. To examine the decision-making process that leads to energy performance improvements, a national survey of property owners and management organizations of buildings that earned an Energy Star score of 75 or higher was conducted. The extent to which energy upgrades were considered strategic investments motivated by environmental sustainability or corporate social responsibility, or financial investments motivated by payback period or return-on-investment criteria, was contingent upon the property type and type of energy project. Environmental sustainability was found to be an important motivation for energy projects in office spaces in general, but in the case of smaller office spaces was often combined with motivations for corporate social responsibility. Energy projects on education properties were motivated by financial investment. Building envelope and mechanical efficiency upgrades were considered financial investments, while renewable energy, green roofs, and water conservation technologies were considered environmental sustainability initiatives

77 FR 38040 - Reestablishment of the Renewable Energy and Energy Efficiency Advisory Committee and Solicitation...

Science.gov (United States)

2012-06-26

... of Reestablishment of the Renewable Energy and Energy Efficiency Advisory Committee and Solicitation.... exports of renewable energy and energy efficiency goods and services, in accordance with applicable United... of U.S. citizens who will represent U.S. companies in the renewable energy and energy efficiency...

Investment requirements in the energy sector and their financing

Energy Technology Data Exchange (ETDEWEB)

Diehl, R; Radtke, G; Stoessel, R [Dresdner Bank A.G., Duesseldorf (Germany, F.R.)

1980-01-01

The authors investigate the investment requirements of the energy economy, especially for the Federal Republic Germany, but also for parts of the world. Possibilities for financing are shown which can be considered as assured, under certain conditions. Included are the investments and the capital requirements for the fossil energy-carriers (coal, brown coal, oil, natural gas), for the electricity economy and for the regenerativ energy sources (e.g. tidal energy, wind, solar radiation). The last chapter deals with financing the necessary investments in the energy sector, considering the financing structure, financial problems of individual branches and the development of the credit volume.

Valuing the attributes of renewable energy investments

International Nuclear Information System (INIS)

Bergmann, Ariel; Hanley, Nick; Wright, Robert

2006-01-01

Increasing the proportion of power derived from renewable energy sources is becoming an increasingly important part of many countries' strategies to achieve reductions in greenhouse gas emissions. However, renewable energy investments can often have external costs and benefits, which need to be taken into account if socially optimal investments are to be made. This paper attempts to estimate the magnitude of these external costs and benefits for the case of renewable technologies in Scotland, a country which has set particularly ambitious targets for expanding renewable energy. The external effects we consider are those on landscape quality, wildlife and air quality. We also consider the welfare implications of different investment strategies for employment and electricity prices. The methodology used to do this is the choice experiment technique. Renewable technologies considered include hydro, on-shore and off-shore wind power and biomass. Welfare changes for different combinations of impacts associated with different investment strategies are estimated. We also test for differences in preferences towards these impacts between urban and rural communities, and between high- and low-income households. (author)

Valuing the attributes of renewable energy investments

Energy Technology Data Exchange (ETDEWEB)

Bergmann, Ariel [Economics Department, University of Glasgow, Adam Smith Building, Glasgow G12 8RT (United Kingdom); Hanley, Nick; Wright, Robert [Economics Department, University of Stirling, Stirling FK9 4LA, Scotland (United Kingdom)

2006-06-15

Increasing the proportion of power derived from renewable energy sources is becoming an increasingly important part of many countries' strategies to achieve reductions in greenhouse gas emissions. However, renewable energy investments can often have external costs and benefits, which need to be taken into account if socially optimal investments are to be made. This paper attempts to estimate the magnitude of these external costs and benefits for the case of renewable technologies in Scotland, a country which has set particularly ambitious targets for expanding renewable energy. The external effects we consider are those on landscape quality, wildlife and air quality. We also consider the welfare implications of different investment strategies for employment and electricity prices. The methodology used to do this is the choice experiment technique. Renewable technologies considered include hydro, on-shore and off-shore wind power and biomass. Welfare changes for different combinations of impacts associated with different investment strategies are estimated. We also test for differences in preferences towards these impacts between urban and rural communities, and between high- and low-income households. (author)

75 FR 35766 - Establishment of the Renewable Energy and Energy Efficiency Advisory Committee and Solicitation...

Science.gov (United States)

2010-06-23

... International Trade announces the establishment of the Renewable Energy and Energy Efficiency Advisory Committee... services related to renewable energy and energy efficiency in accordance with applicable United States... committee of U.S. citizens who will represent U.S. companies in the renewable energy and energy efficiency...

77 FR 43807 - Renewable Energy and Energy Efficiency Advisory Committee; Extended Deadline for Solicitation of...

Science.gov (United States)

2012-07-26

... DEPARTMENT OF COMMERCE International Trade Administration Renewable Energy and Energy Efficiency... Renewable Energy and Energy Efficiency Advisory Committee can be found in Federal Register of June 26, 2012... has extended the deadline by which it will accept nominations to serve on the Renewable Energy and...

Factors influencing energy efficiency investments in existing Swedish residential buildings

International Nuclear Information System (INIS)

Nair, Gireesh; Gustavsson, Leif; Mahapatra, Krushna

2010-01-01

We used the data from a survey conducted in 2008 of 3,000 owners of detached houses to analyse the factors that influence the adoption of investment measures to improve the energy efficiency of their buildings. For the majority of Swedish homeowners, it was important to reduce their household energy use, and most of them undertook no-cost measures as compared to investment measures. Personal attributes such as income, education, age and contextual factors, including age of the house, thermal discomfort, past investment, and perceived energy cost, influence homeowners' preference for a particular type of energy efficiency measure. The implications for promoting the implementation of energy efficiency investment measures are discussed.

The local investment in renewable energies

International Nuclear Information System (INIS)

Poussard, E.; Quantin, J.; Grepmeier, K.; Larsen, J.; Manolakaki, E.; Twele, J.

2003-01-01

These proceedings present some European testimonies about the advantage of local investment, illustrated with concrete cases taken in Germany, Denmark and Switzerland. They demonstrate that local investment in renewable energy sources is a reality and that this practice has indisputably contributed to their significant development in some countries of the European Union. The sustain of foreign banks to the financing of renewable energy sources is at the evidence an example to follow up in countries like France, Greece or Spain. Important efforts have to be made to simplify and encourage the implementation of projects, in particular from the administrative point of view. Beyond the financial aspects, the colloquium has shown that these practices of citizenship involvement represent an important factor of social adaptation and acceptation. The projects, gathering local actors but also the overall citizens through common investment funds, ensure a better territorial anchoring and a sustain to local and sustainable development. This document has been published with the support of the European Commission and ADEME (French Agency for Environment and Energy Management). (J.S.)

The Clean-Development Mechanism, stochastic permit prices and energy investments

International Nuclear Information System (INIS)

Hieronymi, Philipp; Schüller, David

2015-01-01

We analyze the impact on energy investments stemming from different emission permit classes, by considering permits that are allocated inside the European Emission Trading Scheme and secondary Certified Emission Reduction (sCER) permits originating from the Clean Development Mechanism. One price taking firm which is subject to emission regulation has the choice to invest in gas or wind power plant. The firm faces uncertainty regarding stochastically evolving permit prices, while it receives a premium on the electricity price for wind energy. As a first step, we determine the value of the option to invest into a gas power plant over time. Then, we calculate the investment probability of a gas power investment in a range of policy scenarios. We find that allowing the usage of sCER permits in the present policy framework has a positive impact on gas power investment. Decoupling the price processes has a similar effect. If the quota of sCER permits is doubled, the decrease in the investment probability for wind power is large. We carry out sensitivity tests for different parameter values, and find that investment behavior changes significantly with differing interest rates, the wind energy premium and volatility. - Highlights: • We model the impact of two CO 2 permit classes on energy investments. • We present a real-options framework accounting for uncertainty. • Clean Development Mechanism permits have a negative influence on investment into renewable energy. • Interest rate and volatility values have a strong impact on the results

Investment requirements in the energy sector and their financing

International Nuclear Information System (INIS)

Diehl, R.; Radtke, G.; Stoessel, R.

1980-01-01

The authors investigate the investment requirements of the energy economy, especially for the Federal Republic Germany, but also for parts of the world. Possibilities for financing are shown which can be considered as assured, under certain conditions. Included are the investments and the capital requirements for the fossil energy-carriers (coal, brown coal, oil, natural gas), for the electricity economy and for the regenerativ energy sources (e.g. tidal energy, wind, solar radiation). The last chapter deals with financing the necessary investments in the energy sector, considering the financing structure, financial problems of individual branches and the development of the credit volume. (orig.) [de

Economic Efficiency and Investment Implementation in Energy Saving Projects

Directory of Open Access Journals (Sweden)

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.

75 FR 35450 - Establishment of the Energy Efficiency and Renewable Energy Advisory Committee and Request for...

Science.gov (United States)

2010-06-22

... DEPARTMENT OF ENERGY Office of Energy Efficiency and Renewable Energy Establishment of the Energy Efficiency and Renewable Energy Advisory Committee and Request for Member Nominations AGENCY: Office of Energy Efficiency and Renewable Energy, U.S. Department of Energy. ACTION: Notice of Intent to Establish...

Renewable portfolio standards and cost-effective energy-efficiency investment

International Nuclear Information System (INIS)

Mahone, A.; Woo, C.K.; Williams, J.; Horowitz, I.

2009-01-01

Renewable portfolio standards (RPSs) and mandates to invest in cost-effective energy efficiency (EE) are increasingly popular policy tools to combat climate change and dependence on fossil fuels. These supply-side and demand-side policies, however, are often uncoordinated. Using California as a case in point, this paper demonstrates that states could improve resource allocation if these two policies were coordinated by incorporating renewable-energy procurement cost into the cost-effectiveness determination for EE investment. In particular, if renewable energy is relatively expensive when compared to conventional energy, increasing the RPS target raises the cost-effective level of EE investment

Factors influencing energy efficiency investments in existing Swedish residential buildings

Energy Technology Data Exchange (ETDEWEB)

Nair, Gireesh; Gustavsson, Leif; Mahapatra, Krushna [Ecotechnology, Mid Sweden University, SE-83125 Oestersund (Sweden)

2010-06-15

We used the data from a survey conducted in 2008 of 3,000 owners of detached houses to analyse the factors that influence the adoption of investment measures to improve the energy efficiency of their buildings. For the majority of Swedish homeowners, it was important to reduce their household energy use, and most of them undertook no-cost measures as compared to investment measures. Personal attributes such as income, education, age and contextual factors, including age of the house, thermal discomfort, past investment, and perceived energy cost, influence homeowners' preference for a particular type of energy efficiency measure. The implications for promoting the implementation of energy efficiency investment measures are discussed. (author)

Chinese energy investments in Europe: An analysis of policy drivers and approaches

International Nuclear Information System (INIS)

Liedtke, Stephan

2017-01-01

Enhancing the understanding of China-EU energy relations, the article examines Chinese energy investments in Europe from 2008 to 2015 and analyzes the energy interests and policy approaches underpinning them. Analysis of this data shows that within the EU, 30 Chinese investments largely focused on the oil and gas sector, especially through the acquisition of company shares. Chinese energy investments in Europe reflect a clear political and commercial strategy that addresses the PRC's need to balance supply chain security of fossil fuels, environmentally friendlier energy production and use as well as to enhance the market position and energy-industrial capabilities of Chinese state-owned or state-supervised energy companies. Based on a comprehensive set of domestic incentives for international investment the Chinese penetration of the European energy sector is embedded within two levels of political cooperation. The first level revolves around bilateral investment agreements between China and 27 EU member states. On the second level, China and the EU have established a variety of formats that guide their energy cooperation. The conclusion of the proposed bilateral investment agreement between the PRC and the EU would create a uniform investment environment across the continent and facilitate mutual economic benefits for both parties. - Highlights: • A timeline of Chinese energy investments in Europe, 2008–2015, is presented. • Two tables dividing Chinese investments by sector and company type are presented. • Most Chinese investments concentrate on shares of Europe's fossil fuel sector. • Chinese investments rest on bilateral agreements with EU members. • Chinese investments in EU serve ‘internationalization’ of Chinese companies.

REAL OPTIONS ANALYSIS OF RENEWABLE ENERGY INVESTMENT SCENARIOS IN THE PHILIPPINES

Directory of Open Access Journals (Sweden)

Casper Agaton

2017-12-01

Full Text Available Abstract - With the continuously rising energy demand and much dependence on imported fossil fuels, the Philippines is developing more sustainable sources of energy. Renewable energy seems to be a better alternative solution to meet the country’s energy supply and security concerns. Despite its huge potential, investment in renewable energy sources is challenged with competitive prices of fossil fuels, high start-up cost and lower feed-in tariff rates for renewables. To address these problems, this study aims to analyze energy investment scenarios in the Philippines using real options approach. This compares the attractiveness of investing in renewable energy over continuing to use coal for electricity generation under uncertainties in coal prices, investments cost, electricity prices, growth of investment in renewables, and imposing carbon tax for using fossil fuels.

Exploratory analysis of prospects for renewable energy private investment in the U.S

International Nuclear Information System (INIS)

Aguilar, Francisco X.; Cai, Zhen

2010-01-01

Opportunities for private investments in renewable energies were explored using a stated-preference investment allocation instrument. Allocation alternatives included conventional and renewable energy investments. Among renewable energy investments, solar and wind energy were ranked the highest while grass and wood-based technologies were at the bottom of the renewable energy list. This ranking mirrors the allocation of investments in sustainable energy technologies in global markets. Results were analyzed using a two-limit tobit model which suggests that certainty of investments, a diversified portfolio and expectation on financial returns were the primary drivers behind funds allocated to renewable energy investments. Using cluster analysis, twenty-three percent of our sample of current and future investors was identified as individuals most willing to invest in renewable energies. (author)

78 FR 70987 - Proxy Advisory Firm Roundtable

Science.gov (United States)

2013-11-27

... Firm Roundtable AGENCY: Securities and Exchange Commission. ACTION: Notice of roundtable discussion... advisory firms. The panel will be asked to discuss topics including the current state of proxy advisory firm use by investment advisers and institutional investors and potential changes that have been...

Dutch Energy Investment Allowance (EIA). Energy and Companies. Energy List for 2008; Energie-Investeringsaftrek. Energie en Bedrijven. Energielijst 2008

Energy Technology Data Exchange (ETDEWEB)

NONE

2008-01-15

This tax relief programme gives a direct financial advantage to dutch companies that invest in energy-saving equipment and sustainable energy. 44 percent of the annual investment costs of such equipment (purchase costs and production costs) are deductible from the fiscal profit over the calendar year in which the equipment was procured, subject to a maximum of EUR 111 million. The Energy List determines which types of equipment qualify for this programme. The programme includes the costs of obtaining energy advice, provided that the advice results in an investment in energy-saving equipment. Within three months of entering into obligations one must report the investment to the Investment Schemes and Arbitrary Depreciation Office in Breda, Netherlands. [Dutch] De Energie-investeringsaftrek (EIA) biedt ondernemers een belastingvoordeel voor investeringen in energiebesparende bedrijfsmiddelen en duurzame energie. Naast de gebruikelijke afschrijving is 44% van de investeringskosten van deze bedrijfsmiddelen aftrekbaar van de fiscale winst. In deel 1 van deze brochure vindt men de wijzigingen ten opzichte van het jaar 2007. In deel 2 wordt de werking van de EIA uitgelegd en in deel 3 hoe van deze regeling gebruik kan worden gemaakt. In deel 4 staat de toelichting op de energielijst en in deel 5 is een overzicht opgenomen met omschrijvingen en voorbeelden van energie-investeringen, de zogenoemde Energielijst. In deel 6 is aangegeven hoe men een voorstel kan doen om de Energielijst van 2008 aan te vullen of te wijzigen voor 2009. Het meldingsformulier om EIA aan te vragen en het machtigingsformulier zijn opgenomen bij deel 7.

Investing in the Energy Sector: An Issue of Governance

International Nuclear Information System (INIS)

Horst Keppler, J.; Schulke, Ch.

2009-01-01

Of all economic sectors, energy is among those where the issue of investments is the most urgent. Because of its technological structure and significant fixed costs, the energy sector is by nature heavily capital intensive. With growing demand and increasingly difficult access to resources, the amounts needed become enormous. The International Energy Agency (IEA) estimates in its World Energy Outlook 2008 that total energy investment needs between now and 2030 will stand at $26 trillion, or close to $1 trillion per year. This is just for energy supply. Half of these investments will be needed in the electricity sector (see below for more details on these estimations). Even after putting these figures into perspective in terms of total worldwide investments over the next 25 years, the amount of money is still significant. All types of energy are involved - oil, gas, coal, nuclear and renewables. In addition, all steps in the supply chain are included - exploration, production, transformation and transportation. The stakes are high. Without the necessary investments, security of supply, global economic growth and environmental integrity are put at risk. The most important challenge for the energy sector in the years to come is thus to pave the way for realising timely and appropriate investments. The current economic recession that is threatening to curb global economic growth will not change this fact. Even if global energy demand slows down in the next two or three years, the world will return to its long term growth path. An energy facility lasts between 20 and 60 years. Thus, the structure of energy production in 2050, when the current economic crisis has been forgotten, will be determined now and over the next years. Even if global energy demand remains stable between now and 2050 (which is highly improbable), the replacement of existing facilities that have reached the end of their life-cycle will still require considerable efforts. (authors)

Market conditions affecting energy efficiency investments

International Nuclear Information System (INIS)

Seabright, J.

1996-01-01

The global energy efficiency market is growing, due in part to energy sector and macroeconomic reforms and increased awareness of the environmental benefits of energy efficiency. Many countries have promoted open, competitive markets, thereby stimulating economic growth. They have reduced or removed subsidies on energy prices, and governments have initiated energy conservation programs that have spurred the wider adoption of energy efficiency technologies. The market outlook for energy efficiency is quite positive. The global market for end-use energy efficiency in the industrial, residential and commercial sectors is now estimated to total more than $34 billion per year. There is still enormous technical potential to implement energy conservation measures and to upgrade to the best available technologies for new investments. For many technologies, energy-efficient designs now represent less than 10--20% of new product sales. Thus, creating favorable market conditions should be a priority. There are a number of actions that can be taken to create favorable market conditions for investing in energy efficiency. Fostering a market-oriented energy sector will lead to energy prices that reflect the true cost of supply. Policy initiatives should address known market failures and should support energy efficiency initiatives. And market transformation for energy efficiency products and services can be facilitated by creating an institutional and legal structure that favors commercially-oriented entities

Money Matters: Mitigating risk to spark private investments in energy efficiency

Energy Technology Data Exchange (ETDEWEB)

NONE

2010-07-01

Scaling-up investment in energy efficiency is essential to achieving a sustainable energy future. Despite energy efficiency's recognised advantages as a bankable investment with immense climate change mitigation benefits, most of the energy efficiency potential remains untapped and the investment gap to achieve climate goals is tremendous. This report seeks to improve understanding as to why this is so, and what can be done about it.

How the world should invest in energy efficiency

International Nuclear Information System (INIS)

Farrell, D.; Remes, J.K.

2008-01-01

A program that targets cost-effective opportunities in energy productivity could halve the growth in energy demand, cut emissions of greenhouse gases, and generate attractive returns. Boosting energy efficiency will help stretch energy resources and slow down the increase in carbon emissions. It will also create opportunities for businesses and consumers to invest 170 billion USD a year from now until 2020, at a 17 percent average internal rate of return. However, a wide range of information gaps, market failures, and policy imperfections could slow the pace of investment. Public- and private-sector leaders can encourage higher energy productivity by setting efficiency standards for appliances and equipment, financing energy efficiency upgrades, raising corporate standards for energy efficiency, and collaborating with energy intermediaries

77 FR 23373 - Small Business Investment Companies-Energy Saving Qualified Investments

Science.gov (United States)

2012-04-19

... appropriate for inclusion in the definition. Furthermore, if a Small Business generates revenues solely from... definition of Energy Saving Qualified Investment by adding a presumption that a Small Business will be...

77 FR 20015 - State Energy Advisory Board (STEAB)

Science.gov (United States)

2012-04-03

... (STEAB). The Federal Advisory Committee Act (Pub. L. 92- 463; 86 Stat. 770) requires that public notice... carry out the Board's responsibilities as designated in the State Energy Efficiency Programs Improvement... discuss new initiatives and technologies, and explore possible technology transfer programs, meet with...

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

Science.gov (United States)

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.

Money Matters: Mitigating risk to spark private investments in energy efficiency

Energy Technology Data Exchange (ETDEWEB)

NONE

2010-07-01

Scaling-up investment in energy efficiency is essential to achieving a sustainable energy future. Despite energy efficiency's recognised advantages as a bankable investment with immense climate change mitigation benefits, most of the energy efficiency potential remains untapped and the investment gap to achieve climate goals is tremendous. This report seeks to improve understanding as to why this is so, and what can be done about it.

Valuing uncertain cash flows from investments that enhance energy efficiency.

Science.gov (United States)

Abadie, Luis M; Chamorro, José M; González-Eguino, Mikel

2013-02-15

There is a broad consensus that investments to enhance energy efficiency quickly pay for themselves in lower energy bills and spared emission allowances. However, investments that at first glance seem worthwhile usually are not undertaken. One of the plausible, non-excluding explanations is the numerous uncertainties that these investments face. This paper deals with the optimal time to invest in an energy efficiency enhancement at a facility already in place that consumes huge amounts of a fossil fuel (coal) and operates under carbon constraints. We follow the Real Options approach. Our model comprises three sources of uncertainty following different stochastic processes which allows for application in a broad range of settings. We assess the investment option by means of a three-dimensional binomial lattice. We compute the trigger investment cost, i.e., the threshold level below which immediate investment would be optimal. We analyze the major drivers of this decision thus aiming at the most promising policies in this regard. Copyright © 2012 Elsevier Ltd. All rights reserved.

17 CFR 275.206(3)-2 - Agency cross transactions for advisory clients.

Science.gov (United States)

2010-04-01

... advisory clients. 275.206(3)-2 Section 275.206(3)-2 Commodity and Securities Exchanges SECURITIES AND... Agency cross transactions for advisory clients. (a) An investment adviser, or a person registered as a... advisory client, if: (1) The advisory client has executed a written consent prospectively authorizing the...

Evaluating investments in renewable energy under policy risks

International Nuclear Information System (INIS)

Gatzert, Nadine; Vogl, Nikolai

2016-01-01

The considerable amount of required infrastructure and renewable energy investments expected in the forthcoming years also implies an increasingly relevant contribution of private and institutional investors. In this context, especially regulatory and policy risks have been shown to play a major role for investors when evaluating investments in renewable energy and should thus also be taken into account in risk assessment and when deriving risk-return profiles. In this paper, we provide a stochastic model framework to quantify policy risks associated with renewable energy investments (e.g. a retrospective reduction of a feed-in tariff), thereby also taking into account energy price risk, resource risk, and inflation risk. The model is illustrated by means of simulations and scenario analyses, and it makes use of expert estimates and fuzzy set theory for quantifying policy risks. Our numerical results for a portfolio of onshore wind farms in Germany and France show that policy risk can strongly impact risk-return profiles, and that cross-country diversification effects can considerably decrease the overall risk for investors. - Highlights: •Quantification of policy risks associated with renewable energy investments. •Results emphasize that policy risk has a major impact on risk and return. •Study of the cross-country diversification potential. •Cross-country diversification can considerably decrease the risk for an investor.

Why do manufacturing industries invest in energy R&D?

OpenAIRE

Costa, M. Teresa (Maria Teresa), 1951-; Garcia-Quevedo, Jose

2017-01-01

Energy R&D can have major social and economic impacts and is a critical factor in addressing the challenges presented by climate change mitigation policies. As well as the energy utilities themselves, firms in other sectors also invest in energy R&D; however, while various studies have examined the determinants of R&D in the former, there are no analyses of energy R&D drivers in other industries. This paper seeks to fill this gap by examining the determinants of investment in energy R&D in no...

Energy investments facing market risk and public policies

International Nuclear Information System (INIS)

Bobtcheff, C.

2005-01-01

The Annual meeting of the Energy Economist Association, held on June 15, 2005, was about the issue of investments in the energy sector. How can companies decide to invest in a project when there are increasing uncertainties, including as to future public policies and to energy market trends? The various speakers at the meeting stressed the significance of describing and gauging the risks specific to each industry as well as the assumptions that decision-making tools available to companies rely on (net value theory updated and actual option theory, inter alia). (author)

Local investment in renewable energies

International Nuclear Information System (INIS)

2003-11-01

Although the vast majority of renewable energies projects are established by commercial developers, some of them are financed by ''ordinary citizens'' pooling together through different schemes. This is particularly frequent in Denmark and Germany, possibly a key reason for the continuous and so successful growth of various renewable energies sources in these countries. This guideline aims to define the term of local investment and provides examples of development and recommendations. (A.L.B.)

Energy investments and environmental implications: key policy issues in developing countries

Energy Technology Data Exchange (ETDEWEB)

Siddayao, Corazon M. (World Bank Washington, DC (USA). Economic Development Institute)

1992-03-15

Energy investments imply changes in the physical, social, and economic environment. Hence, both the short-term and the long-term costs and benefits of these investments must be taken into account. These changes may affect not only the immediate environment of the investment site but may extend geographically far beyond national borders as well as beyond the lifetimes of the people for whom the investments are intended. This paper reviews the issues relevant to developing countries. General conceptual and policies issues are discussed. Issues about the measurement of costs and benefits (including issues of 'sustainability' and the internalization of externalities resulting from environmental changes) as well as the role of opportunity costs in deciding a country's energy investment strategies are raised. The macroeconomic and institutional issues relevant to environmental impacts that might be incorporated in energy planning are suggested. The paper is based on a presentation to the 'Workshop on energy investments and the environment'. 24 refs., 1 fig.

Investment requirements in the energy sector and their financing

Energy Technology Data Exchange (ETDEWEB)

Diel, R; Radtke, G; Stoesel, R

1981-06-01

The present research study illustrates the required volume of investment in the energy sector during the next two decades while referring explicitly to the availability of financial resources. The data for the respective primary energy sources and electric power production relate to the Federal Republic of Germany; still, as far as figures were available, the energy situation of the Western World is taken into account. Starting from the premise that energy needs will continue to grow - albeit at a slower rate -, future investment activity will have to depart from past trends, with their more or less evenly spread recourse to all available primary energy sources, to a substantial reliance on nuclear energy, coal and natural gas as against oil. In addition to the higher capital requirements due to the restructuring of the energy supply, future investment will be characterized by particularly capital-intensive projects and, in addition, by the fact that expensive development schemes must be vigorously pursued. This applies not only to coal gasification and liquifaction but also to regenerative energy sources.

The impact of energy audits on energy efficiency investment of public owners. Evidence from Italy

International Nuclear Information System (INIS)

Barbetta, Gian Paolo; Canino, Paolo; Cima, Stefano

2015-01-01

Buildings are a promising area of energy savings, but a difference exists between actual and optimal investment in this field. The so called ‘information gap’ about the costs and benefits of energy-saving activities could explain the difference. Audit programs have been undertaken to overcome the ‘information gap’ but, surprisingly, most papers analyzing the impact of audits on the adoption of energy-saving measures use faulty methods that could provide biased results. In this paper we fill this gap of the energy literature. First, we introduce robust counterfactual methods to analyze the impact of energy-saving policies; second, we apply these methods to investigate the impact of the free-funding of audits on the energy-saving investments of local public administrations, a neglected area of investigation. As opposite to most of the literature, we cannot identify any statistically significant effect of the audits either on the number of energy-saving interventions or on the resources devoted to these activities by local public administrations. We believe that, in the field of public non-residential buildings, information is not sufficient to fostering public investments aimed at increasing energy efficiency. As a policy consequence, public resources should consider different tools, including those aimed at reducing the cost of investments. - Highlights: • Authors examining energy audits find positive effects, but use faulty methods. • We examine audits using un-biased methods of counterfactual analysis. • We use a unique set of data of audits in public non-residential facilities. • We cannot identify any effect of audits on energy-saving activities and investments. • In the field of public buildings, information is not enough to raising investments.

THE CONDITIONS OF INVESTMENTS IN RENEWABLE ENERGY IN POLAND

OpenAIRE

Grzegorz Masloch

2009-01-01

In the article the author shows the problems that enterprises investing in renewable energy production have to face. Taking into consideration Poland’s obligations regarding the development of the production of renewable energy, activities aiming at environmental protection and the possibilities of getting EU funding of ecological investments, the paper’s subject matter seems particularly significant.

School Library Challenge: Changing Perceptions, Creating Supporters, and Gaining Advocates with Library Advisory Committes

Science.gov (United States)

Harper, Meghan; Schwelik, Jennifer

2013-01-01

When school librarians retire or move to other positions, they face the uncertainty that the school library programs they have worked tirelessly to develop are at risk. For the school librarian, the development of a library advisory committee (LAC) is a strategic investment of time and energy to develop grassroots support for the library program…

The energy transition, an opportunity to re-launch investment in Europe

International Nuclear Information System (INIS)

Musseau, Pierre

2014-01-01

The energy transition represents a major opportunity to re-launch investment in Europe. According to the European Commission and the International Energy Agency, more than 100 billion of euros of investment per year will be necessary to attain the ambitious climatic objectives. To accelerate investment in the energy transition, the European Union will have to adopt objectives that rely partly on voluntary action and mobilise financing sources. (author)

Tool to Prioritize Energy Efficiency Investments

Energy Technology Data Exchange (ETDEWEB)

Farese, Philip [National Renewable Energy Lab. (NREL), Golden, CO (United States); Gelman, Rachel [National Renewable Energy Lab. (NREL), Golden, CO (United States); Hendron, Robert [National Renewable Energy Lab. (NREL), Golden, CO (United States)

2012-08-01

To provide analytic support of the U.S. Department of Energy's Office of the Building Technology Program (BTP), NREL developed a Microsoft Excel-based tool to provide an open and objective comparison of the hundreds of investment opportunities available to BTP. This tool uses established methodologies to evaluate the energy savings and cost of those savings.

The Investments in Renewable Energy Sources: Do Low Carbon Economies Better Invest in Green Technologies?

Directory of Open Access Journals (Sweden)

Antonio Angelo Romano

2011-01-01

Full Text Available The aim of this study is to analyse the driving of investment in renewable energy sources in low carbon and high carbon economies. To address these issues, a dynamic panel analysis of the renewable investment in a sample of 29 countries was proposed. Results demonstrate that the dynamic of investments in renewable sources is similar in the two panels, and depends by nuclear power generation, GDP and technological efficiency. Results show that countries try to reduce their environmental footprint, decreasing the CO2 intensity. Based on the estimation results, we think that energy sustainability passes through the use of renewable resources that can complement the nuclear technology on condition that both exceed their limits.

Fusion Energy Advisory Committee report on program strategy for US magnetic fusion energy research

International Nuclear Information System (INIS)

Conn, R.W.; Berkner, K.H.; Culler, F.L.; Davidson, R.C.; Dreyfus, D.A.; Holdren, J.P.; McCrory, R.L.; Parker, R.R.; Rosenbluth, M.N.; Siemon, R.E.; Staudhammer, P.; Weitzner, H.

1992-09-01

The Fusion Energy Advisory Committee (FEAC) was charged by the Department of Energy (DOE) with developing recommendations on how best to pursue the goal of a practical magnetic fusion reactor in the context of several budget scenarios covering the period FY 1994-FY 1998. Four budget scenarios were examined, each anchored to the FY 1993 figure of $337.9 million for fusion energy (less $9 million for inertial fusion energy which is not examined here)

Dutch Energy Investment Allowance (EIA). Energy and Companies. Energy List for 2007; Energie-Investeringsaftrek. Energie en Bedrijven. Energielijst 2007

Energy Technology Data Exchange (ETDEWEB)

NONE

2007-07-01

The EIA scheme (Energy Investment Allowance) offers a fiscal advantage when investing in energy-saving company assets and sustainable energy. In addition to the usual depreciation rate, 44% of the investment costs of these assets are deductible from the fiscal profit. The Dutch government uses the EIA scheme to promote a sustainable energy management that, in the long term, results in clean, available and affordable energy. Section 1 of this brochure lists the changes compared to 2006. Section 2 explains how the EIA scheme works. Section 3 explains how to apply for the allowance. Section 4 provides additional information concerning the Energy List. Section 5 includes an overview, with descriptions and examples, of energy investments (Energy List). Section 6 explains how to submit a proposal for additions or changes to the scheme for 2008, compared to 2007. Section 7 contains an application form for EIA, along with an authorisation form. [Dutch] De Energie-investeringsaftrek (EIA) biedt ondernemers een belastingvoordeel als er wordt geinvesteerd in energiebesparende bedrijfsmiddelen en duurzame energie. Naast de gebruikelijke afschrijving is 44% van de investeringskosten van deze bedrijfsmiddelen aftrekbaar van de fiscale winst. In deel 1 van deze brochure vindt u de wijzigingen ten opzichte van het jaar 2006. In deel 2 treft u een uitleg aan over de werking van de EIA. In deel 3 leest u hoe u gebruik kunt maken van deze regeling. In deel 4 staat de toelichting op de energielijst. In deel 5 is een overzicht opgenomen met omschrijvingen en voorbeelden van energie-investeringen, de zogenoemde Energielijst. In deel 6 is aangegeven hoe u een voorstel kunt doen om de Energielijst van 2007 aan te vullen of te wijzigen voor 2008. Het meldingsformulier om EIA aan te vragen en het machtigingsformulier zijn opgenomen bij deel 7.

76 FR 75876 - State Energy Advisory Board (STEAB)

Science.gov (United States)

2011-12-05

... Federal Advisory Committee Act (Pub. L. 92- 463; 86 Stat. 770) requires that public notice of these... responsibilities as designated in the State Energy Efficiency Programs Improvement Act of 1990 (Pub. L. 101-440... Forces, meet with key members of DOE and the Office of EERE to discuss new initiatives and technologies...

Structure of financing investments in the energy sector

Directory of Open Access Journals (Sweden)

Kowal Barbara

2017-01-01

The article shows how the financing structure of the companies from the fuel and energy sector, listed on the Warsaw Stock Exchange, has evolved over the years. The authors also estimated the cost of equity. The results were compared with the chosen mining companies in Poland. Companies from the energy sector have lower investment risk than companies from the fuel sector. Looking at the profitability of investments it should be emphasized that the financing by outside capital is more advantageous than equity financing.

Report of the summative evaluation by the advisory committee on research and development of nuclear energy technology

International Nuclear Information System (INIS)

2005-03-01

The Research Evaluation Committee of the Japan Atomic Energy Research Institute (JAERI) set up an advisory Committee on Research and Development of Nuclear Energy Technology in accordance with the 'Fundamental Guideline for the Evaluation of Research and Development (R and D) at JAERI' and its subsidiary regulations. The Advisory Committee on Research and Development of Nuclear Energy Technology evaluated the adequacy of the plans of safety research to be succeeded from JAERI to a new research institute which will be established by integration of JAERI and the Japan Nuclear Cycle Development Institute (JNC). The Advisory Committee consisted of nine specialists from outside the JAERI conducted its activities from July 2004 to August 2004. The evaluation was performed on the basis of the materials submitted in advance and of the oral presentations made at the Advisory Committee meeting which was held on August 10, 2004, in line with the items, viewpoints, and criteria for the evaluation specified by the Research Evaluation Committee. The result of the evaluation by the Advisory Committee was submitted to the Research Evaluation Committee, and was judged to be appropriate at its meeting held on December 1, 2004. This report describes the result of the evaluation by the Advisory Committee on Research and Development on Nuclear Energy Technology. (author)

Renewable energy investments under different support schemes: A real options approach

DEFF Research Database (Denmark)

Boomsma, Trine Krogh; Meade, Nigel; Fleten, Stein-Erik

2012-01-01

-in tariff encourages earlier investment. Nevertheless, as investment has been undertaken, renewable energy certificate trading creates incentives for larger projects. In our baseline scenario and taking the fixed feed-in tariff as a base, the revenue required to trigger investments is 61% higher......This paper adopts a real options approach to analyze investment timing and capacity choice for renewable energy projects under different support schemes. The main purpose is to examine investment behavior under the most extensively employed support schemes, namely, feed-in tariffs and renewable...... energy certificate trading. We consider both multiple sources of uncertainty under each support scheme and uncertainty with respect to any change of support scheme, and we obtain both analytical (when possible) and numerical solutions. In a Nordic case study based on wind power, we find that the feed...

Aligning Utility Incentives with Investment in Energy Efficiency

Science.gov (United States)

Describes the financial effects on a utility of its spending on energy efficiency programs, how those effects could constitute barriers to more aggressive and sustained utility investment in energy efficiency.

Energy investment in developing countries

International Nuclear Information System (INIS)

Rovani, Y.

1982-01-01

The developing countries are likely to represent the fastest growing component of the global energy demand over the next two decades. The paper presents considerations based on the World Bank's approach to the energy sector in these countries. It is considered that an accelerated development of conventional indigenous sources of energy is absolutely vital if developing countries are to attain a satisfactory rate of economic growth. The cost of the energy investment, the power sector issues, the optimal use of the resources, the role of the external financing and the need of technical assistance are reviewed. One emphasizes the role of the World Bank in analyzing and preparing projects, and in mobilizing financing from other official and commercial sources

Dutch Energy Investment Allowance (EIA). Annual report 2012; Energie-Investeringsaftrek (EIA). Jaarverslag 2012

Energy Technology Data Exchange (ETDEWEB)

NONE

2013-07-15

By means of the Energy Investment Allowance (EIA) the Ministry of Economic Affairs supports investments of businesses, industrial associations and other parties in accelerating innovative, energy saving sustainable initiatives and technologies. In this report the results for 2012 are presented [Dutch] Met de EIA ondersteunt het Ministerie van Economische Zaken bedrijven bij het investeren in innovatieve, energiebesparende en duurzame technieken. In dit verslag over 2012 worden resultaten weergegeven.

Stimulating Investments in Energy Efficiency Through Supply Chain Integration

Directory of Open Access Journals (Sweden)

Beatrice Marchi

2018-04-01

Full Text Available Attention to energy efficiency is recently experiencing substantial growth. To overcome the several barriers currently existing that represent an obstacle to the successful implementation of the wide set of energy efficiency measures available, the cooperation among members of a supply chain offers a huge potential. In supply chains, in addition to the traditional coordination of the operations, the members may also share financial resources or act jointly on the capital market. This study presents a two-stage supply chain model considering the opportunity to invest in new energy efficient technologies which are affected by learning effects: the member of the supply chain with better energy performance and/or better financial conditions may find it more profitable to invest in the development of the energy efficiency of its partner. The objective of the model is to determine the optimal investment for each supply chain member so as to maximize the Net Present Value of the supply chain. The impacts of the proposed joint decision-making are investigated through some numerical analysis and managerial insights are proposed: the joint decision-making process on the financial flows for the energy efficiency investments results are especially advantageous (up to a 20% increase of the supply chain Net Present Value when members have different access to capital, which could be the result of different economic conditions in companies’ countries, as well as different credit policies or different credit ratings.

Data for Renewable Energy Planning, Policy, and Investment

Energy Technology Data Exchange (ETDEWEB)

Cox, Sarah L [National Renewable Energy Laboratory (NREL), Golden, CO (United States)

2017-10-17

Reliable, robust, and validated data are critical for informed planning, policy development, and investment in the clean energy sector. The Renewable Energy (RE) Explorer was developed to support data-driven renewable energy analysis that can inform key renewable energy decisions globally. This document presents the types of geospatial and other data at the core of renewable energy analysis and decision making. Individual data sets used to inform decisions vary in relation to spatial and temporal resolution, quality, and overall usefulness. From Data to Decisions, a complementary geospatial data and analysis decision guide, provides an in-depth view of these and other considerations to enable data-driven planning, policymaking, and investment. Data support a wide variety of renewable energy analyses and decisions, including technical and economic potential assessment, renewable energy zone analysis, grid integration, risk and resiliency identification, electrification, and distributed solar photovoltaic potential. This fact sheet provides information on the types of data that are important for renewable energy decision making using the RE Data Explorer or similar types of geospatial analysis tools.

Regulatory changes to renewable energy support schemes: An international investment law perspective

OpenAIRE

Paleckaite, Gintare

2014-01-01

Thesist analyzes how regulatory changes related to renewable energy investment support schemes can be perceived under international investment law standards and how possible decisions of international investment law tribunals could impact investment in this sector. This research is based on case studies of two states: Spain and the Czech Republic and claims against them. These cases will assist in analyzing the effects of the amendment/revocation of renewable energy support schemes. Answers t...

Investments in electricity generation in Croatian liberalized market: energy option

International Nuclear Information System (INIS)

Androcec, I.; Viskovic, A.; Slipac, G.

2004-01-01

The Republic of Croatia should have enough capacities built on its own territory to cover system's peak load at any time for ensuring a long-term reliability of its operation. According to annual increasing of electricity consumption and progressive shutdown of the oldest generating plants, the security of future electricity supply depends on new investments. The market, i.e. a competitive generation, is the driving force in the construction of new power plants. The main stimulus for the construction is the possibility of definite return of invested capital and enabling potential investors to realize the expected revenues (profit). The construction of generating capacities is subject of authorisation procedure or tendering procedure, by approval of the Energy Regulatory Council. The electricity market opening in Croatia is parallel process with establishment of regional energy market in South East Europe where the decision of investment in new power plant will be defined by regional investment priorities, all in the aspect of European Union enlargement. In those liberalisation conditions it is necessary to realize all possible energy options according to the Strategy of Energy Development of Republic of Croatia and to the regional energy market requirements or European Union Directives. New power plant will be realized, because of objective circumstances, through construction of gas power plant or coal power plant and possible nuclear power plant, and in much smaller size through construction of hydro power plants or power plants on renewable energy sources. The possibility of any energy option will be considered in view of: investment cost, operation and maintenance cost, fuel price, external costs, public influence, and through investor's risk. This paper is aiming to analyse the possibility of nuclear power plant construction in Croatia as well as in other small and medium electricity grids. Nuclear option will be comprehensively considered in technical

Making optimal investment decisions for energy service companies under uncertainty: A case study

International Nuclear Information System (INIS)

Deng, Qianli; Jiang, Xianglin; Zhang, Limao; Cui, Qingbin

2015-01-01

Varied initial energy efficiency investments would result in different annual energy savings achievements. In order to balance the savings revenue and the potential capital loss through EPC (Energy Performance Contracting), a cost-effective investment decision is needed when selecting energy efficiency technologies. In this research, an approach is developed for the ESCO (Energy Service Company) to evaluate the potential energy savings profit, and thus make the optimal investment decisions. The energy savings revenue under uncertainties, which are derived from energy efficiency performance variation and energy price fluctuation, are first modeled as stochastic processes. Then, the derived energy savings profit is shared by the owner and the ESCO according to the contract specification. A simulation-based model is thus built to maximize the owner's profit, and at the same time, satisfy the ESCO's expected rate of return. In order to demonstrate the applicability of the proposed approach, the University of Maryland campus case is also presented. The proposed method could not only help the ESCO determine the optimal energy efficiency investments, but also assist the owner's decision in the bidding selection. - Highlights: • An optimization model is built for determining energy efficiency investment for ESCO. • Evolution of the energy savings revenue is modeled as a stochastic process. • Simulation is adopted to calculate investment balancing the owner and the ESCO's profit. • A campus case is presented to demonstrate applicability of the proposed approach

Optimal investment portfolio in renewable energy. The Spanish case

International Nuclear Information System (INIS)

Munoz, Jose Ignacio; Sanchez de la Nieta, Agustin A.; Contreras, Javier; Bernal-Agustin, Jose L.

2009-01-01

This article presents a model for investing in renewable energies in the framework of the Spanish electricity market in a way that risk is minimised for the investor while returns are maximised. The model outlined here is based on an economic model for calculating cash flows intended to obtain the internal rate of return (IRR) of the different energies being studied: wind, photovoltaic, mini hydro and thermo electrical. The IRRs obtained are considered the returns on investments, while their standard deviations are considered associated risks. In order to minimise risk, a comprehensive portfolio of investments is created that includes all of the available energies by means of a system of linear equations. The solution of the linear system is graphically checked using the efficient frontier method for the different financing options. Several case studies within the Renewable Energies Plan (PER is its Spanish abbreviation) that is in force in Spain in the period 2005-2010 are analysed in order to illustrate the method, as are other case studies using different types of financing, helping us to reach the pertinent conclusions. (author)

Local investment in renewable energies

International Nuclear Information System (INIS)

Grepmeier, K.; Larsen, J.; Manolakaki, E.; Quantin, J.; Twele, J.

2003-01-01

This document presents european examples on the interest of the local investment, illustrated by cases studies in Germany, Denmark and Switzerland. Two main points were discussed: the financial tools and the french strategy. The colloquium provided many discussions and analyzes on the possibility of significant contribution to the collective efforts in favor of the public involvement in the renewable energies development in Europe. (A.L.B.)

SOLAR ENERGY: A NECESSARY INVESTMENT IN A ...

African Journals Online (AJOL)

Dr Obe

23, No. 1, March 2004. Okoro and Madueme. 58. SOLAR ENERGY: A NECESSARY INVESTMENT IN A DEVELOPING. ECONOMY ... research on how to develop the non-conventional methods of .... meat, vegetable, and dairy products.

Financing energy efficiency investments. Third party financing: practical problems and possible solutions

International Nuclear Information System (INIS)

Warren, A.

1992-01-01

Third Party Financing means the packaging together of both technical aid and the necessary funding for energy cost saving investments by an outside company (outside to the energy user that is), using the energy cost savings themselves to pay for that investment. There are two key factors which differentiate Third Party Financing and conventional approaches to the implementation of energy conservation projects, the first of which is the provision of all the necessary technical services - both initial and detailed energy audits, engineering design and implementation - from one source. The second difference involves viewing the energy cost savings as a ''stream oincome'' which will repay the cost of the investment. This approach has a number of attractions to energy users: the outside company brings both its technical expertise and the necessary up-front capital to fund the energy saving investment. In addition, because the payments to the outside company are contingent, either wholly or in part, upon the level and timing of the energy cost savings the technical and financial risk for the investment is transferred from the energy user to the outside company. However, although simple in concept, third party financing is complex in practice. How does an energy user judge one third party financing proposal against another? If an agreement is made, how are energy savings measured or what happens if there is a dispute between the two parties? These are examples of the practical questions addressed in this paper which must be resolved if third party financing is to be used to assist energy saving. (Author)

The implications of China’s investment-driven economy on its energy consumption and carbon emissions

International Nuclear Information System (INIS)

Fu, Feng; Ma, Linwei; Li, Zheng; Polenske, Karen R.

2014-01-01

Highlights: • The energy implications of China’s investment-driven (ID) economy are analyzed. • An expenditure-approach-based framework is applied to define the ID energy consumption. • An input–output model is built to identify the volume of China’s ID energy consumption. • Insights are gained for determining the saving potentials of China’s ID energy consumption. - Abstract: In this paper, we aim to fill the research gap by analyzing the relationship between China’s domestic investment and energy consumption, as well as related carbon emissions. First, we use an expenditure-approach-based framework to qualitatively examine the effects of China’s domestic investment on its energy consumption. Based on this framework, we define and differentiate the investment-driven energy consumption and carbon emissions from that which is driven by other economic activities. Second, we establish an allocation model to quantify China’s investment-driven energy consumption and carbon emissions. The results reveal that in 2007, China’s domestic investment contributed one third of both its energy consumption and carbon emissions. Further results show that a majority of this investment-driven energy consumption and carbon emissions, namely nine tenths of the total, is attributable to the construction and manufacturing sectors. Finally, we use the construction sector as a case to discuss how to determine the energy-saving and emission-reduction potential of improving investment-driven energy consumption practices

Renewable Energy Investment in Emerging Markets: Evaluating Improvements to the Clean Development Mechanism

Directory of Open Access Journals (Sweden)

Amy Tang

2014-06-01

Full Text Available In the past, industrialized countries have invested in or financed numerous renewable energy projects in developing countries, primarily through the Clean Development Mechanism (CDM of the Kyoto Protocol. However, critics have pointed to its bureaucratic structure, problems with additionality and distorted credit prices as ill-equipped to streamline renewable energy investment. In this paper, we simulate the impact of policy on investment decisions on whether or not to invest in wind energy infrastructure in India, Brazil and China. Data from 2,578 past projects as well as literature on investor behaviour is used to inform the model structure and parameters. Our results show that the CDM acts differently in each country and reveal that while streamlining the approval process and reconsidering additionality can lead to non-trivial increase in total investment, stabilizing policy and decreasing investment risk will do the most to spur investment.

Integrating energy and environmental goals. Investment needs and technology options

International Nuclear Information System (INIS)

2004-04-01

Economic and population growth will continue to drive an expansion of the global energy market. The Earth's energy resources are undoubtedly adequate to meet rising demand for at least the next three decades. But the projected increases in energy consumption and market developments raise serious concerns about the security of energy supplies, investment in energy infrastructure, the threat of environmental damage caused by energy use and the uneven access of the world's population to modern energy. The first two sections of this background paper provide an outlook for energy demand and emissions over the next thirty years, based on findings in the IEA's World Energy Outlook 2002. Section four presents projections for global investment needs from the latest WEO publication, the World Energy Investment Outlook 2003. For both the energy and investment outlooks, an alternative scenario for OECD countries is examined. The scenarios describe a world in which environmental and energy supply security concerns will continue to plague policy makers. Clearly, changes in power generation, automotive engines and fuel technologies will be required to change trends in energy demand and emissions over the next thirty years and beyond. Improvements in energy efficiency will also play a fundamental role. A number of technologies offer the long term potential to diversify the energy sector away from its present heavy reliance on fossil fuels. Based on various IEA studies, section five evaluates those technologies that offer the potential to reduce emissions, including renewable energy, fossil-fuel use with CO2 capture and storage, nuclear, hydrogen, biofuels and efficient energy end use. No single technology can meet the challenge by itself. Different regions and countries will require different combinations of technologies to best serve their needs and best exploit their indigenous resources. Developing countries, in particular, will face far greater challenges in the years ahead

A boom in energy technology innovation despite decades of stagnant investment

Energy Technology Data Exchange (ETDEWEB)

Bettencourt, Luis M [Los Alamos National Laboratory; Trancik, Jessika A [SANTA FE INSTITUTE; Kaur, Jasleen [INDIANA UNIV

2009-01-01

Rates of patenting in energy technologies in the United States stagnated during a period of low federal investment in the sector from the mid-1980's through 2000. To analyze the current state of the field, we built a new comprehensive database of energy patents in the USA and worldwide aggregated by nation and technology. We show that innovation in energy technologies, as measured by numbers of new patents, has grown dramatically over the last decade both for renewable and fossil fuel-based technologies, but that traditional investment -government and private support for research and development (R&D) -has not risen commensurately. We also show that while venture capital investment in the sector has increased significantly in the last few years it lags the observed uptick in patenting. We find increasing patenting rates in nations worldwide but also differences in regional priorities, as well as a marked divergence in innovation rates across technologies. Renewable energy technologies - especially solar and wind - currently show the fastest rates of innovation, while patenting levels in nuclear fission have remained low despite relatively high levels of sustained investment. While this sharp increase of innovative activity bodes well for change in the energy sector, the future of emerging technologies may hinge on sustained investment in R&D and favorable incentives for market entry.

Marginal costs and co-benefits of energy efficiency investments

International Nuclear Information System (INIS)

Jakob, Martin

2006-01-01

Key elements of present investment decision-making regarding energy efficiency of new buildings and the refurbishment of existing buildings are the marginal costs of energy efficiency measures and incomplete knowledge of investors and architects about pricing, co-benefits and new technologies. This paper reports on a recently completed empirical study for the Swiss residential sector. It empirically quantifies the marginal costs of energy efficiency investments (i.e. additional insulation, improved window systems, ventilation and heating systems and architectural concepts). For the private sector, first results on the economic valuation of co-benefits such as improved comfort of living, improved indoor air quality, better protection against external noise, etc. may amount to the same order of magnitude as the energy-related benefits are given. The cost-benefit analysis includes newly developed technologies that show large variations in prices due to pioneer market pricing, add-on of learning costs and risk components of the installers. Based on new empirical data on the present cost-situation and past techno-economic progress, the potential of future cost reduction was estimated applying the experience curve concept. The paper shows, for the first time, co-benefits and cost dynamics of energy efficiency investments, of which decision makers in the real estate sector, politics and administrations are scarcely aware

78 FR 54294 - Investment Company Act Release No. 30679; File No. 812-14167

Science.gov (United States)

2013-09-03

... California corporation and TAML is a Singapore company, and each is registered as an investment adviser under... additional information the method of computing the ``advisory fee payable'' by the investment company...

Perspectives of energy investments: production system; Perspectivas do investimento em energia: sistema produtivo

Energy Technology Data Exchange (ETDEWEB)

Bicalho, Ronaldo

2009-04-15

This paper analyses the investment dynamic of energy production system in Brazil, from the identification of the determining factors and discussions on the perspectives of the evolution of the investment of the production dynamic system - establishing the key questions for the definition of the system future in the Brazil, and proposing strategies, investments and energy politic actions which guarantee the necessary energy to the productive development of Brazil. (author)

Pension fund investments in Dutch sustainable energy. A quick scan; Beleggingen van pensioenfondsen in Nederlandse duurzame energie. Een quick scan

Energy Technology Data Exchange (ETDEWEB)

Van Gelder, J.W.; De Wilde, J. [Profundo, Amsterdam (Netherlands)

2013-05-15

It was examined whether Dutch pension funds invest (part of) their private investments in sustainable energy in the Netherlands. If possible, investments in private renewable energy are specified as much as possible [Dutch] Er is onderzocht of Nederlandse pensioenfondsen (een deel van) hun private beleggingen in duurzame energie in Nederland beleggen. Indien mogelijk zijn de investeringen in private duurzame energie zoveel mogelijk gespecificeerd.

Local investment in renewable energies - European experiences

International Nuclear Information System (INIS)

Quantin, J.; Grepmeier, K.; Larsen, J.; Manolakaki, E.; Smith, M.

2004-01-01

This booklet is realized within the framework of the european commission called PREDAC. This document have been conceived by a working group specialized on the local investment into renewable energies thematic. The objectives of this project are: to promote citizen participation in the financing of renewable energies projects in Europe; to make organizations, investor clubs and local government to be aware of this way of implication into renewable energies development; to examine more especially three renewable energy sources: biomass, photovoltaic and wind in Denmark, France, Germany, Greece and United Kingdom. (author)

The Role of International Investment Law in Renewable Energy Investment; focus on Build Operate and Transfer (BOT) Contracts

OpenAIRE

Adetiloye, Idowu Adejoke

2014-01-01

Renewable energy is one of the ways of reducing greenhouse gas emission. There is need for more investment in this sector. However, lack of stable regulatory framework and change in policy makes it unattractive to investors. International investment laws through its protections in investment agreement can help to mitigate risks considered by investors especially those with Build, Operate and Transfer (BOT) type of contracts.

Methodology of investment effectiveness evaluation in the local energy market

Energy Technology Data Exchange (ETDEWEB)

Kamrat, W.

1999-07-01

The paper presents issues of investment effectiveness evaluation in the local energy market. Results of research presented in the paper are mainly proposing a concept of a methodology which allows the evaluation of investment processes in regional power markets at the decision-making stage. In this respect, selecting a rational investment strategy is an important stage of the entire investment process. In view of criteria of various nature, the construction of a methodology of investment effectiveness bears an especially important meaning for a local decision-maker or investor. It is of particular significance to countries that are undergoing a transition from a centrally planned economy to a market economy. (orig.)

Research on Chinese Energy Investment in Turkey under the Silk Road Strategy

Science.gov (United States)

Huang, Yiling

2017-11-01

In the context of China’s peaceful rise, the Silk Road strategy will promote China participation in Global trade and investment. The Turkish government has announced a new incentive plan to attract investor. Therefore, Chinese energy investment in Turkey is facing some precious opportunities. However, cultural differences, Turkey’s domestic economic problems, political turmoil and other multiple factors bring severe challenges to China’s energy investment in Turkey, which requires a constructive response.

Financing energy investments world-wide and in the economies in transition

International Nuclear Information System (INIS)

Brendow, K.

1998-01-01

The necessity of mobilizing the finance under given circumstances is pointed out. The energy sector investments needs correspond to only 3-4% of world GDP or 6-7% of world capital formation. In most developing countries mobilizing financing is a issue, where the risk/return ratio of a given energy investment project does not compare favourably with competing projects and if their handicap is not compensating for by public financing or government guarantees. Compared to the other regions, the energy systems of the economies in transition absorb a high proportion of domestic capital. This is due to past and continuing supply-oriented energy policies and inefficiencies and the export orientation of the energy-rich countries, and to limited domestic capital markets. As a result only a estimated 9-13% of long-term investment 'needs' is presently financed. The root of the problem is slow progress in the reform of energy and capital markets at a time government withdraw from financing and guaranteeing energy investments. Recommendations include transition to sustainable energy strategies ; the liberalization of energy prices and tariffs; the phasing out of subsides and cross-subsides; the stabilization of tax and depreciation regimes; neutrality with regard of the various forms of ownership; reliable law enforcement; non-discrimination of foreign investors, shareholders, competitors; the ratification of the Energy Charter Treaty; and generally, institutional and regulatory frameworks that address market imperfections. Regarding domestic capital markets the goal is to increase traded volume, reduce volatility, and avoid discrimination and favour international integration

A diverse and resilient financial system for investments in the energy transition

NARCIS (Netherlands)

Polzin, F.H.J.|info:eu-repo/dai/nl/413317404; Sanders, M.W.J.L.|info:eu-repo/dai/nl/175620059; Täube, Florian

Diversity makes the financial system more resilient. In addition, there is a diverse investment demand to make the transition to a more sustainable energy system. We need, among others, investment in energy transition, circular resource use, better water management and reducing air pollution. The

Strategic choices for renewable energy investment: Conceptual framework and opportunities for further research

International Nuclear Information System (INIS)

Wüstenhagen, Rolf; Menichetti, Emanuela

2012-01-01

This paper introduces the special issue on Strategic Choices for Renewable Energy Investment, which is a collection of best papers presented at an international research conference held in St. Gallen (Switzerland) in February 2010. Substantial private investment is needed if public policy objectives to increase the share of renewable energy and prevent dangerous anthropogenic climate change are to be achieved. The aim of this paper, and the entire special issue, is to draw scholarly attention to the processes underlying strategic choices for renewable energy investment, and how they are influenced by energy policy. We disentangle the role of risk-return perceptions, portfolio effects and path dependence in explaining energy investment decisions, and suggest that the heterogeneous universe of investors requires a segmentation of policies. The paper outlines some of the rich opportunities for further research in this emerging area.

Historical Analysis of Investment in Solar Energy Technologies (2000-2007)

Energy Technology Data Exchange (ETDEWEB)

Jennings, C. E.; Margolis, R. M.; Bartlett, J. E.

2008-12-01

The solar energy industry experienced unprecedented growth in the eight years from 2000 to 2007, with explosive growth occurring in the latter half of this period. From 2004 to 2007, global private sector investment in solar energy increased by almost twenty-fold, marking a dramatic increase in the short span of four years. This paper examines the timing, magnitude, focus and location of various forms of investment in the solar energy sector. It analyzes their trends to provide an understanding of the growth of the solar industry during the past eight years and to identify emerging themes in this rapidly evolving industry.

The energy investment decision in the nonresidential building sector: Research into the areas of influence

Energy Technology Data Exchange (ETDEWEB)

Harkreader, S.A.; Ivey, D.L.

1987-04-01

The purpose of this report is to describe and to characterize the decision process in the nonresidential building sector as well as the variables influencing energy investment decisions, both of which impact the development of R and D agendas for the Office of Building and Community Systems (BCS). The report reviews the available information on the factors that influence energy investment decisions and identifies information gaps where additional research is needed. This report focuses on variables and combinations of these variables (descriptive states) that influence the non residential energy investment decision maker. Economic and demographic descriptors, energy investment decision maker characteristics, and variables affecting energy investments are identified. This response examines the physical characteristics of buildings, characteristics of the legal environment surrounding buildings, demographic factors, economic factors, and decision processes, all of which impact the nonresidential energy investment market. The emphasis of the report is on providing possible methodologies for projecting the future of the nonresidential energy investment market, as well as, collecting the data necessary for such projections. The use of alternate scenarios is suggested as a projection tool and suggestions for collecting the appropriate data are made in the recommendations.

Converting Energy Subsidies to Investments: Scaling-Up Deep Energy Retrofit in Residential Sector of Ukraine

Science.gov (United States)

Denysenko, Artur

After collapse of the Soviet Union, Ukraine inherited vast and inefficient infrastructure. Combination of historical lack of transparency, decades without reforms, chronical underinvestment and harmful cross-subsidization resulted in accumulation of energy problems, which possess significant threat to economic prosperity and national security. High energy intensity leads to excessive use of energy and heavy reliance on energy import to meet domestic demand. Energy import, in turn, results in high account balance deficit and heavy burden on the state finances. A residential sector, which accounts for one third of energy consumption and is the highest consumer of natural gas, is particularly challenging to reform. This thesis explores energy consumption of the residential sector of Ukraine. Using energy decomposition method, recent changes in energy use is analyzed. Energy intensity of space heating in the residential sector of Ukraine is compared with selected EU member states with similar climates. Energy efficiency potential is evaluated for whole residential sector in general and for multistory apartment buildings connected to the district heating in particular. Specifically, investments in thermal modernization of multistory residential buildings will result in almost 45TWh, or 3.81 Mtoe, of annual savings. Required investments for deep energy retrofit of multistory buildings is estimated as much as $19 billion in 2015 prices. Experience of energy subsidy reforms as well as lessons from energy retrofit policy from selected countries is analyzed. Policy recommendations to turn energy subsidies into investments in deep energy retrofit of residential sector of Ukraine are suggested. Regional dimension of existing energy subsidies and capital subsidies required for energy retrofit is presented.

The Relationship Between Oil and Gas Industry Investment in Alternative Energy and Corporate Social Responsibility

Science.gov (United States)

Konyushikhin, Maxim

The U.S. Energy Information Administration forecasted energy consumption in the United States to increase approximately 19% between 2006 and 2030, or about 0.7% annually. The research problem addressed in this study was that the oil and gas industry's interest in alternative energy is contrary to its current business objectives and profit goals. The purpose of the quantitative study was to explore the relationship between oil and gas industry investments in alternative energy and corporate social responsibilities. Research questions addressed the relationship between alternative energy investment and corporate social responsibility, the role of oil and gas companies in alternative energy investment, and why these companies chose to invest in alternative energy sources. Systems theory was the conceptual framework, and data were collected from a sample of 25 companies drawn from the 28,000 companies in the oil and gas industry from 2004 to 2009. Multiple regression and correlation analysis were used to answer the research questions and test hypotheses using corporate financial data and company profiles related to alternative energy investment and corporate social responsibility in terms of oil and gas industry financial support of programs that serve the greater social good. Results indicated significant relationships between alternative energy investment and corporate social responsibility. With an increasing global population with energy requirements in excess of what is available using traditional means, the industry should increase investment in alternative sources. The research results may promote positive social change by increasing public awareness regarding the degree to which oil and gas companies invest in developing alternative energy sources, which might, in turn, inspire public pressure on companies in the oil and gas industry to pursue use of alternative energy.

Citizen investments in the energy policy turnaround; Buergerinvestitionen in die Energiewende

Energy Technology Data Exchange (ETDEWEB)

NONE

2012-07-01

The recently recognisable economical and political developments are characterized by an enormous diversity of simultaneously acting processes. These processes challenge the design and balancing attendance of a complex and intense restructuring. Under this aspect, the brochure under consideration presents the following contributions: (1) Energy policy turnaround, investments by citizens and regional development (Peter Jakubowski); (2) Importance of decentralized participation processes for the acceptance of the development of renewable energies. An environmental psychological consideration (Jan Hildebrand); (3) Advantages of cooperative solutions in the energy policy turnaround (Wolfgang George); (4) Significance and potential of energy cooperatives in Germany. An empiric analysis (Richard Volz); (5) Sustainable investment in the energy policy turnaround with the participation of banks and saving banks (Uwe Greff); (6) Financial participation by citizens. Examples of good practice for investment products such as climate savings certificates, subordinated loans or silent participations (Katrin Gehles); (7) The Jurenergie eG: A citizen energy association on a successful course (Vera Ptacek); (8) Regional value creation effects of different organisational forms in respect of the power generation from biomass (Reinhold Kosfeld).

75 FR 70961 - Notice of Meeting of the Advisory Committee on International Law

Science.gov (United States)

2010-11-19

... immunity of foreign government officials; U.N. resolutions and fundamental rights under European Union law..., Office of Claims and Investment Disputes, Office of the Legal Adviser, Executive Director, Advisory... DEPARTMENT OF STATE [Public Notice: 7233] Notice of Meeting of the Advisory Committee on...

Investing EU ETS auction revenues into energy savings

Energy Technology Data Exchange (ETDEWEB)

Sijm, J.P.M.; Boonekamp, P.G.M. [ECN Policy Studies, Petten (Netherlands); Summerton, P.; Pollitt, H.; Billington, S. [Cambridge Econometrics CE, Cambridge (United Kingdom)

2013-05-15

The overall objective of this study is to analyse the effects of using EU ETS auction revenues to stimulate investments in energy savings in three key target sectors, i.e. Households, Tertiary and Industry (including both ETS and non-ETS industrial installations). The scenarios used refer basically to the situation before the recent agreement on the Energy Efficiency Directive (EED) and include (a mixture of) different policy options to enhance energy savings in the target sectors, in particular (1) reducing the ETS cap, (2) introducing an Energy Efficiency Obligation (EEO) for energy suppliers or distributors, and/or (3) using ETS auction revenues to support additional (private) investments in raising energy efficiency. In order to meet this objective a variety of different policy scenarios have been defined and analysed by means of the 'Energy-Environment-Economy Model for Europe (E3ME)'. The study presents and discusses a large variety of scenario modelling results by the year 2020 at the EU27 level. These results refer to, among others, energy savings, GHG emissions, the ETS carbon price, household electricity bills and to changes in some macro- or socio-economic outcomes such as GDP, inflation, employment or international trade. Finally, the study discusses some policy findings and implications, including options to enhance the effectiveness of some EE policies, in particular those having a potential adverse effect on the ETS carbon price.

Micro-energy markets: The role of a consumer preference pricing strategy on microgrid energy investment

International Nuclear Information System (INIS)

Faber, Isaac; Lane, William; Pak, Wayne; Prakel, Mary; Rocha, Cheyne; Farr, John V.

2014-01-01

The fragility of the modern electrical grid is exposed during random events such as storms, sporting events and often simply routine operation. Even with these obvious flaws large utilities and governments have been slow to create robust solutions due to the need of large capital investments required to address the issues. In this light creative economic and engineering solutions are desired to finance the needed upgrades. Driven by the requirement to have uninterrupted power that meets customers desires this research focuses on linking consumer preferences to a type of energy source in order to best fulfill stakeholder priorities. This approach is in contrast to the current and prevalent lowest cost methods to producing and consuming energy. This research yields a preliminary ‘micro-energy market’ that consists of an energy network architecture, pricing methodology and mathematical template which quantifies potential economic inefficiencies. If exploited these inefficiencies could be used to fund investment into various energy sources that provide unmet needs such as reduced carbon footprint, renewable, quality, and local production. These inefficiencies can be best exploited within the structure of a microgrid. Identification of opportunities on this smaller scale can provide an incentive for producers to develop a robust set of production facilities of varying size and characteristics to meet the consumer preferences. A stochastic optimization model of a microgrid implementation for a small military installation is used to evaluate the effects of this pricing methodology. The energy production of the resulting microgrid would be optimized to meet consumer preferences and minimize economic inefficiency. - Highlights: • This research focuses on linking consumer preferences to a type of energy source. • Pricing methodology quantifies strategic investments in alternative sources. • Inefficiencies could be used to fund investment into various energy sources

Embodied energy use in China's infrastructure investment from 1992 to 2007: calculation and policy implications.

Science.gov (United States)

Liu, Hongtao; Xi, Youmin; Ren, Bingqun; Zhou, Heng

2012-01-01

Infrastructure has become an important topic in a variety of areas of the policy debate, including energy saving and climate change. In this paper, we use an energy input-output model to evaluate the amounts of China's embodied energy use in infrastructure investment from 1992 to 2007. We also use the structure decomposition model to analyze the factors impacting the embodied energy use in infrastructure investment for the same time period. The results show that embodied energy use in infrastructure investment accounted for a significant proportion of China's total energy use with an increasing trend and reflect that improper infrastructure investment represents inefficient use of energy and other resources. Some quantitative information is provided for further determining the low carbon development potentials of China's economy.

Optimal control, investment and utilization schemes for energy storage under uncertainty

Science.gov (United States)

Mirhosseini, Niloufar Sadat

Energy storage has the potential to offer new means for added flexibility on the electricity systems. This flexibility can be used in a number of ways, including adding value towards asset management, power quality and reliability, integration of renewable resources and energy bill savings for the end users. However, uncertainty about system states and volatility in system dynamics can complicate the question of when to invest in energy storage and how best to manage and utilize it. This work proposes models to address different problems associated with energy storage within a microgrid, including optimal control, investment, and utilization. Electric load, renewable resources output, storage technology cost and electricity day-ahead and spot prices are the factors that bring uncertainty to the problem. A number of analytical methodologies have been adopted to develop the aforementioned models. Model Predictive Control and discretized dynamic programming, along with a new decomposition algorithm are used to develop optimal control schemes for energy storage for two different levels of renewable penetration. Real option theory and Monte Carlo simulation, coupled with an optimal control approach, are used to obtain optimal incremental investment decisions, considering multiple sources of uncertainty. Two stage stochastic programming is used to develop a novel and holistic methodology, including utilization of energy storage within a microgrid, in order to optimally interact with energy market. Energy storage can contribute in terms of value generation and risk reduction for the microgrid. The integration of the models developed here are the basis for a framework which extends from long term investments in storage capacity to short term operational control (charge/discharge) of storage within a microgrid. In particular, the following practical goals are achieved: (i) optimal investment on storage capacity over time to maximize savings during normal and emergency

Trends in U.S. Venture Capital Investments Related to Energy: 1980 through the Third Quarter of 2010

Energy Technology Data Exchange (ETDEWEB)

Dooley, James J.

2010-11-08

This report documents trends in U.S. venture capital investments over the period 1980 through the third quarter of calendar year 2010 (2010 Q1+Q2+Q3). Particular attention is given to U.S. venture capital investments in the energy/industrial sector over the period 1980-2010 Q1+Q2+Q3 as well as in the more recently created cross-cutting category of CleanTech over the period 1995-2010 Q1+Q2+Q3. During the early 1980s, U.S. venture capital investments in the energy/industrial sector accounted for more than 20% of all venture capital investments. However subsequent periods of low energy prices, the deregulation of large aspects of the energy industry, and the emergence of fast growing new industries like computers (both hardware and software), biotechnology and the Internet quickly reduced the priority accorded to energy/industrial investments. To wit, venture capital investments related to the energy/industrial sector accounted for only 1% of the $132 billion (in real 2010 US$) invested in 2000 by the U.S. venture capital community. The significant increase in the real price of oil that began in 2003-2004 correlates with renewed interest and increased investment by the venture capital community in energy/industrial investment opportunities. Venture capital investments for 2009 for the energy/industrial sector accounted for $2.4 billion or slightly more than 13% of all venture capital invested that year. The total venture capital invested in energy/industrial during the first three quarters of 2010 is close to $2.4 billion accounting for slightly less than 15% of all venture capital investments during the first three quarters of 2010. In 2009, the aggregate amount invested in CleanTech was $2.1 billion (11% of the total US venture capital invested in that lean year) and for the first three quarters of 2010 US venture capital investments in CleanTech have already exceeded $2.8 billion (18% of all US venture capital investments made during the first three quarters of

The local investment in renewable energies; L'investissement local dans les energies renouvelables

Energy Technology Data Exchange (ETDEWEB)

Poussard, E.; Quantin, J.; Grepmeier, K.; Larsen, J.; Manolakaki, E.; Twele, J

2003-07-01

These proceedings present some European testimonies about the advantage of local investment, illustrated with concrete cases taken in Germany, Denmark and Switzerland. They demonstrate that local investment in renewable energy sources is a reality and that this practice has indisputably contributed to their significant development in some countries of the European Union. The sustain of foreign banks to the financing of renewable energy sources is at the evidence an example to follow up in countries like France, Greece or Spain. Important efforts have to be made to simplify and encourage the implementation of projects, in particular from the administrative point of view. Beyond the financial aspects, the colloquium has shown that these practices of citizenship involvement represent an important factor of social adaptation and acceptation. The projects, gathering local actors but also the overall citizens through common investment funds, ensure a better territorial anchoring and a sustain to local and sustainable development. This document has been published with the support of the European Commission and ADEME (French Agency for Environment and Energy Management). (J.S.)

Ultra-Deepwater Gulf of Mexico Oil and Gas: Energy Return on Financial Investment and a Preliminary Assessment of Energy Return on Energy Investment

Directory of Open Access Journals (Sweden)

Matthew Moerschbaecher

2011-10-01

Full Text Available The purpose of this paper is to calculate the energy return on financial investment (EROFI of oil and gas production in the ultra-deepwater Gulf of Mexico (GoM in 2009 and for the estimated oil reserves of the Macondo Prospect (Mississippi Canyon Block 252. We also calculated a preliminary Energy Return on Investment (EROI based on published energy intensity ratios including a sensitivity analysis using a range of energy intensity ratios (7 MJ/$, 12 MJ/$, and 18 MJ/$. The EROFI for ultra-deepwater oil and gas at the well-head, ranged from 0.019 to 0.022 barrels (BOE, or roughly 0.85 gallons, per dollar. Our estimates of EROI for 2009 ultra-deepwater oil and natural gas at the well-head ranged from 7–22:1. The independently-derived EROFI of the Macondo Prospect oil reserves ranged from 0.012 to 0.0071 barrels per dollar (i.e., $84 to $140 to produce a barrel and EROI ranged from 4–16:1, related to the energy intensity ratio used to quantify costs. We believe that the lower end of these EROI ranges (i.e., 4 to 7:1 is more accurate since these values were derived using energy intensities averaged across the entire domestic oil and gas industry. Time series of the financial and preliminary EROI estimates found in this study suggest that the extraction costs of ultra-deepwater energy reserves in the GoM come at increasing energetic and economic cost to society.

United States of America Department of Energy Environmental Management Advisory Committee Public Meeting

Energy Technology Data Exchange (ETDEWEB)

1993-12-01

This reports contains documentation of presentations given at the United States of America Department of Energy Environmental Management Advisory Committee Public Meeting held December 14--15, 1993 in Alexandria, Virginia.

76 FR 21877 - Environmental Management Advisory Board

Science.gov (United States)

2011-04-19

... DEPARTMENT OF ENERGY Environmental Management Advisory Board AGENCY: Department of Energy. ACTION: Notice of call for nominations for appointment to the Environmental Management Advisory Board. SUMMARY... Environmental Management Advisory Board. DATES: Nominations will be accepted through May 13, 2011. ADDRESSES...

How high are option values in energy-efficiency investments?

International Nuclear Information System (INIS)

Sanstad, A.H.; Blumstein, C.; Stoft, S.E.; California Univ., Berkeley, CA,

1995-01-01

High implicit discount rates in consumers' energy-efficiency investments have long been a source of controversy. In several recent papers, Hassett and Metcalf argue that the uncertainty and irreversibility attendant to such investments, and the resulting option value, account for this anomalously high implicit discounting. Using their model and data, we show that, to the contrary, their analysis falls well short of providing an explanation of this pattern. (author)

Investment in biogas for energy purposes to promote cleaner production

International Nuclear Information System (INIS)

Bericiarto Pérez, Frank Abel; Poma García, Yaily; Guzmán Chinea, Jesús; García Lorenzo, Dunia; Mata Varela, Milagros de la Caridad

2015-01-01

In Cuba, by the characteristics of a developing country characteristics, formulation and evaluation of projects is a critical task, since the decision to invest means sacrificing the opportunity to meet current needs for different and long-term alternatives. The assessment prior to the execution of a project is proposed as the aim of the present study, as a crucial task that contributes to amendments or self-definition. The results should be directed to the analysis of development trends in the energy environment which indicates the increase of the contribution of renewable energy sources as a viable to meet global demand for energy efficient and sustainable way. For that reason, it has encouraged the use of biogas as the most important fuel of the future, since the materials required for processing and construction of the necessary facilities are within reach of many first-world economies as countries developmental. History: Specific methods of pollution trends in the province; Description: Evaluation of investment within the life cycle of the investment project. Techniques and instruments: Direct observation; Structured surveys and use of specialized software: Excel, QSB, Statgraphics. The research is justified and concludes that the project Swine Genetics UEB Cienfuegos achieved energy independence, as well as sales to 13.7 MW annual energy electro National System (SEN). (full text)

Energy efficient policy impact in India: case study of investment in industrial energy efficiency

International Nuclear Information System (INIS)

Yang, M.

2006-01-01

The objective of this paper is to identify the effectiveness of energy policy and capital investment in energy efficiency technologies in the industrial sector in India. Indian energy policies relating to industrial energy efficiency over the past 25 years are briefly reviewed, and a comparison study of these energy efficiency policies and strategies in India and China has been carried out. Interviews were conducted with a number of government policy-making institutions and a national industrial development bank. The accounts of 26 industrial enterprises which applied and used a loan of the Asian Development Bank were audited for data collection. Field-visits to seven industrial entrepreneurs were undertaken in a case study. Methodologies used in this study include documentation, cross-country reviews on energy policies, questionnaire design and distribution in the industrial sector, and on-site auditing of energy efficiency technologies. This paper concludes that current energy policies and strategies in India need further improvement to promote energy efficiency investment and energy efficiency technology development in the industrial sector. This paper will interest those policy makers and industrial entrepreneurs who are willing to finance energy efficiency projects and improve energy efficiency in the industrial sector. (author)

Energy efficiency policy impact in India: case study of investment in industrial energy efficiency

International Nuclear Information System (INIS)

Yang Ming

2006-01-01

The objective of this paper is to identify the effectiveness of energy policy and capital investment in energy efficiency technologies in the industrial sector in India. Indian energy policies relating to industrial energy efficiency over the past 25 years are briefly reviewed, and a comparison study of these energy efficiency policies and strategies in India and China has been carried out. Interviews were conducted with a number of government policy-making institutions and a national industrial development bank. The accounts of 26 industrial enterprises which applied and used a loan of the Asian Development Bank were audited for data collection. Field-visits to seven industrial entrepreneurs were undertaken in a case study. Methodologies used in this study include documentation, cross-country reviews on energy policies, questionnaire design and distribution in the industrial sector, and on-site auditing of energy efficiency technologies. This paper concludes that current energy policies and strategies in India need further improvement to promote energy efficiency investment and energy efficiency technology development in the industrial sector. This paper will interest those policy makers and industrial entrepreneurs who are willing to finance energy efficiency projects and improve energy efficiency in the industrial sector

Willingness to pay for renewable energy investment in Korea: A choice experiment study

International Nuclear Information System (INIS)

Ku, Se-Ju; Yoo, Seung-Hoon

2010-01-01

Renewable energy sources are considered as alternatives for coping with the high price of oil and global warming. The Korean government has set a target that 11% of the total primary energy supply should be obtained through renewable energy sources until 2030. In order to develop proper policies for renewable energy investment, it is necessary to analyze the benefits of renewable energy investment based on households' willingness to pay. This study attempts to apply a choice experiment (CE) for assessing renewable energy investment in Korea. Moreover, we employ a multinomial probit (MNP) model to relax the assumption that all respondents have the same preferences for the attributes being valued, which is usually required in empirical CE studies. An MNP model allows the most flexible pattern of error correlation structure. The results reveal that the Korean public puts a value on the protection of wildlife, reduction of pollution, and increased employment opportunities. On the other hand, respondents do not derive significant values from the improvement of landscapes. This study is expected to provide policy-makers with useful information for evaluating and planning policies related to renewable energy investment. (author)

Valuation of long-term investments in energy assets under uncertainty

Energy Technology Data Exchange (ETDEWEB)

Abadie, L. M. [Bilbao Bizkaia Kutxa, Gran Via 30, 48009 Bilbao (Spain)

2009-07-01

This paper aims to contribute to the development of valuation models for long-term investments while keeping an eye on market prices. The adopted methodology is rooted on the existence of markets for futures and options on commodities related to energy investments. These markets are getting ever-increasingly liquid with ever-longer maturities while trading contracts. We discuss the advantages of this approach relative to other alternatives such as the Net Present Value (NPV) or the Internal Rate of Return (IRR), despite a limited increase in the complexity of the models involved. More specifically, using the valuation methods well-known to energy-finance academics, the paper shows how to: break down an investment into its constituent parts, apply to each of them the corresponding risk premium, value annuities on assets with a deterministic or stochastic behavior, and value the options that are available to its owner, in order to get an overall value of the investment project. It also includes an application to improvement in coal consumption, where futures markets are used to get a numerical estimate of the parameters that are required for valuation. The results are then compared with those from traditional methodologies. Conclusions for this type of investments under uncertainty are derived. (author)

Valuation of Long-Term Investments in Energy Assets under Uncertainty

Directory of Open Access Journals (Sweden)

Luis M. Abadie

2009-09-01

Full Text Available This paper aims to contribute to the development of valuation models for long-term investments while keeping an eye on market prices. The adopted methodology is rooted on the existence of markets for futures and options on commodities related to energy investments. These markets are getting ever-increasingly liquid with ever-longer maturities while trading contracts. We discuss the advantages of this approach relative to other alternatives such as the Net Present Value (NPV or the Internal Rate of Return (IRR, despite a limited increase in the complexity of the models involved. More specifically, using the valuation methods well-known to energy-finance academics, the paper shows how to: break down an investment into its constituent parts, apply to each of them the corresponding risk premium, value annuities on assets with a deterministic or stochastic behavior, and value the options that are available to its owner, in order to get an overall value of the investment project. It also includes an application to improvement in coal consumption, where futures markets are used to get a numerical estimate of the parameters that are required for valuation. The results are then compared with those from traditional methodologies. Conclusions for this type of investments under uncertainty are derived.

Valuation of long-term investments in energy assets under uncertainty

International Nuclear Information System (INIS)

Abadie, L. M.

2009-01-01

This paper aims to contribute to the development of valuation models for long-term investments while keeping an eye on market prices. The adopted methodology is rooted on the existence of markets for futures and options on commodities related to energy investments. These markets are getting ever-increasingly liquid with ever-longer maturities while trading contracts. We discuss the advantages of this approach relative to other alternatives such as the Net Present Value (NPV) or the Internal Rate of Return (IRR), despite a limited increase in the complexity of the models involved. More specifically, using the valuation methods well-known to energy-finance academics, the paper shows how to: break down an investment into its constituent parts, apply to each of them the corresponding risk premium, value annuities on assets with a deterministic or stochastic behavior, and value the options that are available to its owner, in order to get an overall value of the investment project. It also includes an application to improvement in coal consumption, where futures markets are used to get a numerical estimate of the parameters that are required for valuation. The results are then compared with those from traditional methodologies. Conclusions for this type of investments under uncertainty are derived. (author)

U.S. energy research and development: Declining investment, increasing need, and the feasibility of expansion

International Nuclear Information System (INIS)

Nemet, Gregory F.; Kammen, Daniel M.

2007-01-01

Investment in energy research and development in the U.S. is declining despite calls for an enhancement of the nation's capacity for innovation to address environmental, geopolitical, and macroeconomic concerns. We examine investments in research and development in the energy sector, and observe broad-based declines in funding since the mid-1990s. The large reductions in investment by the private sector should be a particular area of concern for policy makers. Multiple measures of patenting activity reveal widespread declines in innovative activity that are correlated with research and development (R and D) investment-notably in the environmentally significant wind and solar areas. Trends in venture capital investment and fuel cell innovation are two promising cases that run counter to the overall trends in the sector. We draw on prior work on the optimal level of energy R and D to identify a range of values which would be adequate to address energy-related concerns. Comparing simple scenarios based on this range to past public R and D programs and industry investment data indicates that a five to ten-fold increase in energy R and D investment is both warranted and feasible

Understanding the differentiating impacts of the communication strategies of a high involvement service (investment advisory services) and a high involvement product (precious jewellery) on customer satisfaction and loyalty.

OpenAIRE

Gupta, Gauri

2009-01-01

While marketing literature has largely focused on high and low involvement purchases and the positive relationship between customer satisfaction and loyalty; the differentiating impacts of communication strategies for a high involvement service and a high involvement product on customer satisfaction and loyalty has received little academic attention. Consequently, this study examines the differentiating impacts of the communication strategies for investment advisory services and precious jewe...

Energy Technology Investments: Maximizing Efficiency Through a Maritime Energy Portfolio Interface and Decision Aid

Science.gov (United States)

2012-02-09

Investment (ROI) and Break Even Point ( BEP ). These metrics are essential for determining whether an initiative would be worth pursuing. Balanced...is Unlimited Energy Decision Framework Identify Inefficiencies 2. Perform Analyses 3. Examine Technology Candidates 1. Improve Energy...Unlimited Energy Decision Framework Identify Inefficiencies 2. Perform Analyses 3. Examine Technology Candidates 1. Improve Energy Efficiency 4

WHY IS IT REASONABLE TO INVEST IN RENEWABLE ENERGY IN UKRAINE?

Directory of Open Access Journals (Sweden)

Yuliia Bashynska

2015-11-01

Full Text Available The purpose of the paper is to present the current status of renewable energy development in Ukraine and to highlight the main advantages of investing in renewables in Ukraine. The purpose is also to reveal the biggest renewable energy installations in Ukraine. The paper displays the main financial initiatives of several international organizations and world economic leaders that have already announced plans to aid Ukraine’s transition to renewable energy. Methology. The survey is based on an analysis of the natural potential, legislative frameworks of the industry and active financial programmes. Results of the survey provide the most attractive opportunities for investing in the emerging market of renewable energy in Ukraine. The survey also shows the amount of economically viable potential of different renewable energy sources. Besides, it is expected that renewable energy will enhance energy security and reduce the negative impact of industry on the environment. Practical implications. Since 2009 when the green tariff was first introduced in Ukraine, the renewable energy sector has been developed to a great extent. Although the sector faced some policy challenges in 2015, such as the imposition of new taxes, but technologies experienced rapid growth. Nowadays the use of renewable energy sources is a priority way of sustainable energy system building in Ukraine. There are several state and regional financial initiatives promoting renewable energy sources. As policymakers have focused on the renewable energy development, new investment centered in energy efficiency technologies. There will be a big step in the direction of renewables usage in private housing complexes. Due to the survey, the main problem of renewable energy development is lack of funding. All the efforts made by the government create an enabling environment for foreign direct investments in renewable energy in Ukraine. Value/originality. Wide renewable energy use would be a

Dutch Energy Investment Allowance (EIA) 2004; Energie Investeringsaftrek 2004

Energy Technology Data Exchange (ETDEWEB)

NONE

2004-07-01

The purpose of the title incentive (EIA) is to stimulate energy conservation and the use of renewable energy in the Dutch industry and businesses. This brochure provides information on the changes with respect to the year 2003, how the EIA can be applied, and examples of energy investments (the so-called Energy List) [Dutch] Doel van de regeling Energie-investeringsaftrek (EIA) is energiebesparing en de inzet van duurzame energie door het Nederlandse bedrijfsleven te stimuleren. In deel 1 van deze brochure vindt u de wijzigingen ten opzichte van het jaar 2003. In deel 2 treft u een uitleg aan over de werking van de EIA. In deel 3 leest u hoe u gebruik kunt maken van deze regeling. In deel 4 is een overzicht opgenomen met omschrijvingen en voorbeelden van energie-investeringen, de zogenoemde Energielijst. In deel 5 zitten bestelbonnen waarmee u brochures voor de diverse fiscale regelingen kunt aanvragen. Deel 6 is een formulier waarmee u een voorstel kunt doen om de voor u liggende Energielijst 2004 voor 2005 aan te vullen of te wijzigen.

Concerted actions to support investments exploiting low-enthalpy geothermal energy

International Nuclear Information System (INIS)

Catsis, P.; Papadopoulou, A.; Petrogona-Emmanouil, E.

1996-01-01

A brief outline is presented of the project 'Information and support to investors for establishment of plants exploiting geothermal energy' co-financed by the Directorate General for Energy of the European Commission in the context of ALTENER programme for promotion of renewable energy sources. The basic supporting products of this project are: 1) Information Guide on the Geothermal Energy Exploitation Possibilities in Greece: 2) Investment Guide for the Use of Geothermal Energy in Productive Activities in Greece: 3) A convenient and user-friendly software GAIN (Microsoft Access 2.0)) for designing and economic evaluation of investments for an 'ideal' geothermal plant . The following steps are executed by GAIN: representation of the entire plant; determination of the size and energy requirements of each respective uses; determination of the type of application installations (heating system); determination of equipment needed for the geothermal plant: series of calculations for economic evaluation. In addition, some organizational measures as training of personnel, demonstration activities, conferences etc. are also foreseen in the programme

17 CFR 275.206(3)-3T - Temporary rule for principal trades with certain advisory clients.

Science.gov (United States)

2010-04-01

... trades with certain advisory clients. 275.206(3)-3T Section 275.206(3)-3T Commodity and Securities... 1940 § 275.206(3)-3T Temporary rule for principal trades with certain advisory clients. (a) An..., sells to or purchases from an advisory client any security if: (1) The investment adviser exercises no...

Impact of the Clean Development Mechanism on wind energy investments in Turkey

Energy Technology Data Exchange (ETDEWEB)

Tunc, Murat; Pak, Ruhan [Yeditepe Univ., Istanbul (Turkey). Systems Engineering Dept.

2012-12-01

As carbon trading continues to be implemented on both a national and an international scale, it is becoming an important factor in renewable energy investment decisions. Turkey, with continuous growth of carbon dioxide emission and energy consumption since 2001, ratified the Kyoto Protocol in 2009 and began registration of projects with greenhouse gas reductions in 2010. In light of these developments, wind energy resources with a potential of 48,000 MW are among the most efficient and effective solutions for clean and sustainable energy in Turkey. The aim of our study is to reveal the importance of the Clean Development Mechanism (CDM) of the Kyoto Protocol on wind energy investment decisions. A broad review of wind energy in Turkey is given, and then, a comprehensive feasibility study of a wind energy firm with a valuation model including Certified Emission Reduction (CER) prices is applied to a case study, the Mega Metallurgy Power. With a holistic and interdisciplinary system engineering approach, results are obtained using comprehensive analysis of technology, emission, and power generation of a wind energy firm linked to a valuation model. This comprehensive model sets the investment decision-making criteria, the enterprise value comparison with total financing. Finally, a sensitivity analysis is run to show that the enterprise value is positively correlated with CER prices. Based on these results, it is concluded that if the world's largest carbon offsetting program, the CDM, prevails after 2012, CER prices will have a positive impact on wind energy firm valuations and related investment decisions. (orig.)

Transnational Energy Companies' Investment Allocation Decisions

International Nuclear Information System (INIS)

Osmundsen, Petter; Emhjellen, Magne; Halleraker, Morten

2001-10-01

When making international capital budgeting decisions, energy companies are often faced with capital and organisational constraints. The constraints may be real or management imposed. In addition, when entering into a new country or region the companies will incur fixed new area costs that must be considered before investment approval. The decision problem is therefore not a linear problem where the standard net present value rule applies, but a non-linear problem of selecting the combination of projects with the maximum aggregate net present value. New project investments will therefore be selected based on the size of the net present value (often referred to as financial volume or materiality) compared to the projects' use of capital and scarce personnel and organisational capacity. Consequently, projects with a positive net present value, but with low materiality, may not be approved. The portfolio choice has a parallel to the company's choice of core areas. Instead of complex portfolio models, the companies often apply simpler allocation mechanisms, e.g., combinations of fixed investment budgets and materiality requirements. Analysing petroleum cases, we compare the allocations decisions generated by portfolio models and simpler mechanisms. We also discuss the implications of this capital allocation pattern for governments' design of tax systems and license conditions. (author)

NYIT Energy Advisory Service initial evaluation report

Energy Technology Data Exchange (ETDEWEB)

Tenen, G.B.

1977-01-31

The Center for Energy Policy and Research of the New York Institute of Technology has organized an ENERGY ADVISORY SERVICE for information dissemination on energy conservation techniques to various target audiences in the New York, New Jersey, and Connecticut area. The Service, in operation since June 1, 1976 established four channels of communication to disseminate energy conservation information and technical assistance: The NYIT Energy Hot Line, the NYIT/ERDA (MRC-TV) Energy Management Seminar program, the Energy Information Center, and the Referral Service. The purposes of this report are two-fold: (1) to provide expanded and up-dated information on operating experiences associated with the NYIT Energy Hot Line and the NYIT/ERDA (MRC-TV) Energy Management Seminar Program, and (2) to provide recently analyzed data emerging from a study designed to investigate the two channels for their absolute and comparative effectiveness in energy technology transfer. Specifically research was designed to cast light on the following questions: (a) in terms of demographics and prior energy attitudes, what kinds of people tend to use the hot line or be drawn to the television seminar; (b) how did channel users feel about the channel after experiencing it; (c) how did channel users perform on energy-transfer effectiveness measures of knowledge and intention to act; and (d) was there any relationship between performance or effectiveness measures and selected demographic and attitudinal variables associated with channel users.

Small streams, diverse sources: Who invests in renewable energy in Finland during the financial downturn?

International Nuclear Information System (INIS)

Heiskanen, Eva; Jalas, Mikko; Juntunen, Jouni K.; Nissilä, Heli

2017-01-01

This article addresses the investment gap in renewable energy sources identified by several authors. Examining the case of a country, Finland, which introduced policy measures to diversify its renewable energy portfolio, we analyse the development of investments in renewable heat and power in response to new policy measures and contextual factors during the downturn period 2009–2013. We investigate investor heterogeneity, i.e., the diversity of logics employed by different types of RES investors. In spite of a severe financial recession, we find an emergence of new sources of investment. Among these new investor types, we find diversity in investment drivers and available options. These include investors mobilized by the feed-in-tariff to seek profitable targets and investors such as real estate owners investing in heat pumps for their own use and benefiting from low interest rates. We find that the diversification of investors supports the diversification in RES sources, and brings in new investors undeterred by the financial downturn. Our findings imply that policy-makers should recognize that the responses to distinct incentives and pressures vary by investor types. This also means that a mix of policies is required to maximize the contribution of different sectors to filling the renewable energy investment gap. - Highlights: • Diversified policies prompt new types of investors and growth in renewable energy. • New investors have a range of motives with different expectations for returns. • New investments stem from a range of policies beyond energy policy. • Investor diversity contributes to steady overall investment across economic cycles. • A diverse mix of policy is needed to fill the renewable energy investment gap.

Central European attitudes towards Chinese energy investments: The cases of Poland, Slovakia, and the Czech Republic

International Nuclear Information System (INIS)

Turcsanyi, Richard Q.

2017-01-01

This article builds on Europe-wide knowledge of EU-China energy investment relations and discusses the cases of three Central European countries’ attitudes towards Chinese energy investments. It focuses on how Chinese investments are perceived compared to investments from other countries, and how the energy sector is perceived compared to other sectors. Media analysis, interviews with experts, and semi-structured questionnaires were used as data sources. It was discovered that these three countries dislike foreign control over strategic assets and Chinese energy investments are seen as falling into this category. The discourse frames on the general level fluctuate between beneficial and threatening at both the political and economic levels, yet the benefits are seen as greater than any potential threats in all three countries. Energy security frames are only just beginning to be discussed within national discourses about Chinese energy investments. In Poland, the Chinese presence in the energy sector is framed as an issue of availability, affordability, and efficiency, and is related to Polish plans for maximizing efficient use of local coal resources. In the Czech Republic and Slovakia, China is often perceived ideologically and only the energy frame of environmental stewardship is present in a minor way. - Highlights: • Chinese investments in energy are perceived more negatively than investments in other sectors due to their strategic nature. • Availability, affordability, and efficiency appear in Poland as a result of the special position of coal. • Environmental stewardship appears as an issue in Slovakia and the Czech Republic. • The Polish discourse is most similar to Europe-wide discourse.

The impact of IT investment on energy: Japan and US comparison in 2010

International Nuclear Information System (INIS)

Takase, Kae; Murota, Yasuhiro

2004-01-01

We developed an economic model and an energy model, and used them to analyze the effects of information technology (IT) investment on energy consumption and CO 2 emissions in the US and Japan. The analysis involved mainly calculations for two cases: business as usual and stimulated IT investment. We also tested the oft-posited possibility that advancing IT investment in the US is already lowering that country's energy intensity (energy/GDP). Our analyses determined that: (1) increasing IT lowers energy (CO 2 ) intensity, and (2) an increase or decrease in overall energy consumption depends on which trend is stronger: the income effect caused by economic vitalization from increased IT use (increasing energy consumption) or the substitution effect by change in the industrial structure as seen in the shift away from smokestack industries (decreasing energy consumption). According to our calculations, Japan would conserve more energy by promoting IT than not. On the other hand, because the substitution effect is already advanced in the US, further increasing IT use in the future will have a large income effect, and increase energy use

Exuberance in China's renewable energy investment: Rationality, capital structure and implications with firm level evidence

International Nuclear Information System (INIS)

Zhang, Dayong; Cao, Hong; Zou, Peijiang

2016-01-01

The new century has witnessed phenomenal worldwide growth in renewable energy investments. China has been especially remarkable, surpassing both the US and the EU in 2013. Some recent facts, however, have raised the question of whether exuberant investment in China’s renewable energy sector is rational. This paper aims to contribute to the literature and to the debate in two ways. First, it tests the over-investment hypothesis based on the main stream finance methodology; second, it analyzes the role of capital structure in the performance of China's renewable energy firms. Empirical results show that overinvestment in the renewable energy sector exists. The problem is more significant in the biomass and wind sector. Capital structure is found to be more important to downstream firms, indicating that policy makers may provide support that enables these firms to finance their investments through corporate bonds, commercial credit, or long-terms debts. - Highlights: •We test the over-investment hypothesis of renewable energy firms in China. •The role of capital structure is also empirically investigated. •We find irrational investment and confirm the role of financing structure. •The results are sensitive to the main business sectors and industrial line.

Energy price spread as a driving force for combined generation investments: A view on Europe

International Nuclear Information System (INIS)

Kavvadias, K.C.

2016-01-01

Combined generation of heat, cooling and power has a large potential to increase its share in distributed generation of energy. Such investments are driven by energy savings which result to operational profits. These profits are very sensitive to the prices of the competitive energy products: electricity and gas. In this work a theoretical indicator is developed between energy prices, the technical characteristics of cogeneration and conventional generation equipment and the investment viability. Through this indicator, the operational profitability of cogeneration equipment is mapped and discussed. Empirical rules are extracted which can give a clear view of the sensitivity of energy prices on energy efficiency investments. The European cogeneration status quo is analyzed in terms of energy prices and market share. The developed indicator is also used, to analyze market related barriers and highlight the importance of energy pricing policy as a tool to minimize the risk exposure of energy efficiency investments. - Highlights: • Energy price spread of competitive fuels affects combined generation profitability. • Its uncertainty is the most important barrier for new investments. • The minimum energy price spread had been generalized and mathematically justified. • Can be used as a tax-based mechanism to hedge the risk of fuel price fluctuations. • For a typical installation, power has to be at least 2 times more expensive than gas.

The employment impacts of economy-wide investments in renewable energy and energy efficiency

Science.gov (United States)

Garrett-Peltier, Heidi

This dissertation examines the employment impacts of investments in renewable energy and energy efficiency in the U.S. A broad expansion of the use of renewable energy in place of carbon-based energy, in addition to investments in energy efficiency, comprise a prominent strategy to slow or reverse the effects of anthropogenic climate change. This study first explores the literature on the employment impacts of these investments. This literature to date consists mainly of input-output (I-O) studies or case studies of renewable energy and energy efficiency (REEE). Researchers are constrained, however, by their ability to use the I-O model to study REEE, since currently industrial codes do not recognize this industry as such. I develop and present two methods to use the I-O framework to overcome this constraint: the synthetic and integrated approaches. In the former, I proxy the REEE industry by creating a vector of final demand based on the industrial spending patterns of REEE firms as found in the secondary literature. In the integrated approach, I collect primary data through a nationwide survey of REEE firms and integrate these data into the existing I-O tables to explicitly identify the REEE industry and estimate the employment impacts resulting from both upstream and downstream linkages with other industries. The size of the REEE employment multiplier is sensitive to the choice of method, and is higher using the synthetic approach than using the integrated approach. I find that using both methods, the employment level per $1 million demand is approximately three times greater for the REEE industry than for fossil fuel (FF) industries. This implies that a shift to clean energy will result in positive net employment impacts. The positive effects stem mainly from the higher labor intensity of REEE in relation to FF, as well as from higher domestic content and lower average wages. The findings suggest that as we transition away from a carbon-based energy system to

Engineered Geothermal Systems Energy Return On Energy Investment

Energy Technology Data Exchange (ETDEWEB)

Mansure, A J

2012-12-10

Energy Return On Investment (EROI) is an important figure of merit for assessing the viability of energy alternatives. Too often comparisons of energy systems use efficiency when EROI would be more appropriate. For geothermal electric power generation, EROI is determined by the electricity delivered to the consumer compared to the energy consumed to construct, operate, and decommission the facility. Critical factors in determining the EROI of Engineered Geothermal Systems (EGS) are examined in this work. These include the input energy embodied into the system. Embodied energy includes the energy contained in the materials, as well as, that consumed in each stage of manufacturing from mining the raw materials to assembling the finished system. Also critical are the system boundaries and value of the energy heat is not as valuable as electrical energy. The EROI of an EGS depends upon a number of factors that are currently unknown, for example what will be typical EGS well productivity, as well as, reservoir depth, temperature, and temperature decline rate. Thus the approach developed is to consider these factors as parameters determining EROI as a function of number of wells needed. Since the energy needed to construct a geothermal well is a function of depth, results are provided as a function of well depth. Parametric determination of EGS EROI is calculated using existing information on EGS and US Department of Energy (DOE) targets and is compared to the minimum EROI an energy production system should have to be an asset rather than a liability.

Estimating the Value of Price Risk Reduction in Energy Efficiency Investments in Buildings

Directory of Open Access Journals (Sweden)

Pekka Tuominen

2017-10-01

Full Text Available This paper presents a method for calculating the value of price risk reduction to a consumer that can be achieved with investments in energy efficiency. The value of price risk reduction is discussed to some length in general terms in the literature reviewed but, so far, no methodology for calculating the value has been presented. Here we suggest such a method. The problem of valuating price risk reduction is approached using a variation of the Black–Scholes model by considering a hypothetical financial instrument that a consumer would purchase to insure herself against unexpected price hikes. This hypothetical instrument is then compared with an actual energy efficiency investment that reaches the same level of price risk reduction. To demonstrate the usability of the method, case examples are calculated for typical single-family houses in Finland. The results show that the price risk entailed in household energy consumption can be reduced by a meaningful amount with energy efficiency investments, and that the monetary value of this reduction can be calculated. It is argued that this often-overlooked benefit of energy efficiency investments merits more consideration in future studies.

Impact of public policy uncertainty on renewable energy investment: Wind power and the production tax credit

International Nuclear Information System (INIS)

Barradale, Merrill Jones

2010-01-01

It is generally understood that the pattern of repeated expiration and short-term renewal of the federal production tax credit (PTC) causes a boom-bust cycle in wind power plant investment in the US. This on-off pattern is detrimental to the wind industry, since ramp-up and ramp-down costs are high, and players are deterred from making long-term investments. It is often assumed that the severe downturn in investment during 'off' years implies that wind power is unviable without the PTC. This assumption turns out to be unsubstantiated: this paper demonstrates that it is not the absence of the PTC that causes the investment downturn during 'off' years, but rather the uncertainty over its return. Specifically, it is the dynamic of power purchase agreement (PPA) negotiations in the face of PTC renewal uncertainty that drives investment volatility. With contract negotiations prevalent in the renewable energy industry, this finding suggests that reducing uncertainty is a crucial component of effective renewable energy policy. The PTC as currently structured is not the only means, existing or potential, for encouraging wind power investment. Using data from a survey of energy professionals, various policy instruments are compared in terms of their perceived stability for supporting long-term investment. - Research highlights: →The case of wind energy investment in the face of PTC uncertainty provides an important study in how industry structure, and in particular the process of contract negotiations, can amplify the impact of public policy uncertainty on corporate investment. →The finding that contract negotiations in the face of uncertainty are sufficient in themselves to hinder investment implies that the assumption that investment downturns reflect unfavorable economics is unfounded. This assumption falsely discourages interest and investment in wind energy. →Policy stability should be added to the list of criteria explicitly considered in designing policy

Mobilising Investment in Energy Efficiency

Energy Technology Data Exchange (ETDEWEB)

NONE

2012-07-01

Taxes, loans and grants, trading schemes and white certificates, public procurement and investment in R&D or infrastructure: known collectively as 'economic instruments', these tools can be powerful means of mobilising the finances needed to achieve policy goals by implementing energy efficiency measures. The role of economic instruments is to kick-start the private financial markets and to motivate private investors to fund EE measures. They should reinforce and promote energy performance regulations. This IEA analysis addresses the fact that, to date, relatively little effort has been directed toward evaluating how well economic instruments work. Using the buildings sector to illustrate how such measures can support energy efficiency, this paper can help policy makers better select and design economic instruments appropriate to their policy objectives and national contexts. This report’s three main aims are to: 1) Examine how economic instruments are currently used in energy efficiency policy; 2) Consider how economic instruments can be more effective and efficient in supporting low-energy buildings; and 3) Assess how economic instruments should be funded, where public outlay is needed. Detailed case studies in this report assess examples of economic instruments for energy efficiency in the buildings sector in Canada (grants), France (tax relief and loans), Germany (loans and grants), Ireland (grants) and Italy (white certificates and tax relief).

Analysis of petroleum company investments in nonpetroleum energy sources. Book I

Energy Technology Data Exchange (ETDEWEB)

Ryan, P. Jr.; Ryan, T.C.

1979-12-12

The purpose of this report is to analyze the investment strategies of US oil companies and the depth of their present and future investments in nonpetroleum energy sources. For purposes of this study, the nonpetroleum energy sources to be discussed are coal, uranium/nuclear, synthetics from coal, oil shale, geothermal, and solar. To gather necessary subjective data, the authors interviewed the managements of more than forty companies, the majority of which are directly involved in the production of various forms of energy. Others are substantial energy users. Interviews were also held with various federal and state regulatory agencies, with federal legislative groups, and with representatives of industry associations. These interviews were not intended to be a survey; their purpose was rather to explore the perceptions of petroleum company managements concerning nonpetroleum energy sources and the reasons for their company's participation, or lack of participation, in the development of these resources. Quantitative data came from reports prepared by federal investigative and regulatory agencies, from testimony given before investigative and regulatory bodies, from public company reports (annual reports, quarterly reports, 10-K's, 8-K's, registration statements, press releases, etc.), from industry, research and investment organizations, from universities, and from a variety of publications.

Investment timing under uncertain renewable energy policy: An empirical study of small hydropower projects

International Nuclear Information System (INIS)

Linnerud, Kristin; Andersson, Ane Marte; Fleten, Stein-Erik

2014-01-01

Policy uncertainty can be a powerful deterrent to immediate investments. Based on panel data of 214 licenses to construct small run-of-the-river hydropower plants, we examine whether the prospect of a common Swedish–Norwegian market for green certificates (i.e., a renewable portfolio standard scheme) affected the timing of investments. Our results show that traditional utilities and other professional investors in the energy market acted in accordance with a real options investment rule, and the prospect of possible future subsidies delayed their investment decision. On the other hand, our results do not show that farmers and other non-professional investors incorporated timing considerations in their investment decisions. Rather, our results indicate that these investors behaved as if their investment opportunity is now-or-never, investing if the project is profitable according to a net present value investment rule, ignoring the opportunity to create additional value by waiting. The observed difference in behavior between professional and non-professional investors is interesting given the distributed nature of many renewable energy technologies, and can help planners and policymakers better understand the forces shaping the future market for electricity. - Highlights: • We examine whether the prospect of introducing subsidies delayed investments in hydropower. • We find that professional and non-professional investors behaved differently. • Professional investors explored the opportunity to create additional value by waiting. • Farmers behaved as if their investment opportunity was now-or-never. • These observations are interesting given the distributed nature of renewable energy technologies

Study on generation investment decision-making considering multi-agent benefit for global energy internet

Science.gov (United States)

Li, Pai; Huang, Yuehui; Jia, Yanbing; Liu, Jichun; Niu, Yi

2018-02-01

Abstract . This article has studies on the generation investment decision in the background of global energy interconnection. Generation investment decision model considering the multiagent benefit is proposed. Under the back-ground of global energy Interconnection, generation investors in different clean energy base not only compete with other investors, but also facing being chosen by the power of the central area, therefor, constructing generation investment decision model considering multiagent benefit can be close to meet the interests demands. Using game theory, the complete information game model is adopted to solve the strategies of different subjects in equilibrium state.

Saving money vs investing money: Do energy ratings influence consumer demand for energy efficient goods?

International Nuclear Information System (INIS)

Panzone, Luca A.

2013-01-01

The article analyses economic barriers leading to the energy efficiency gap in the market for energy-using products by observing several million transactions in the UK over two years. The empirical exercise estimates AIDS models for refrigerators, washing machines, TVs, and light bulbs. Results indicate that market barriers are crucial in the demand for energy efficient options, and consumer response to changes in appliance prices, total expenditures, and energy prices depends on the possibility of behavioural adjustments in consumption. In contrast with the induced innovation hypothesis, current electricity prices can fail to induce innovation because of their short-term impact on disposable income, while consumers invest in energy efficiency when expecting electricity prices to rise in the future. - Highlights: • The article analyses economic barriers to energy efficiency in the UK. • Data refers to 2-year sales of refrigerators, washing machines, TV, and light bulbs. • Demand parameters by efficiency rating are estimated from four AIDS models. • Future (not present) electricity prices induce investments in energy efficiency. • Behavioural efficiency adjustments explain differences in market response

Barriers to investments in energy saving technologies. Case study for the industry

NARCIS (Netherlands)

Masselink, Dirk Jan

2007-01-01

To realise future energy saving targets, the government needs to increase energy reduction rates. One option to increase energy savings is found in removing barriers to investments in cost-effective energy saving technologies. Many technologies save energ

Sovereign Wealth Fund investments in Europe as an instrument of Chinese energy policy

International Nuclear Information System (INIS)

Kamiński, Tomasz

2017-01-01

Chinese Sovereign Wealth Funds (SWFs) are new instruments of Chinese ‘Go Global’ strategy and the politics of maintaining raw materials and energy security. Europe has lured 60% of the total USD 27.3 billion invested by Chinese SWFs in the energy sector globally, which provokes the question as to how important SWF investments are in the political sense and what security concerns they bring. This paper is the first that presents a comprehensive picture of Chinese SWF investments in the European energy market and one of the very few papers about SWFs based on multiannual, comprehensive empirical data. The author argues that Chinese SWFs are different players on the energy market than private investors, could be potentially harmful for some European interests. By installing representatives on the company boards, China gains access to sensitive information that could be then transferred to Chinese competitors. Moreover, through its SWFs China could take control over energy companies or critical infrastructure and increase its political influence in European countries, making them more vulnerable to political pressure. Therefore, the European policy-makers should consider taking special steps to monitor and maybe limit Chinese SWFs expansion in the energy sector. - Highlights: • The energy sector account for almost half of Chinese's SWF investments in the EU. • SWFs should be treated differently on the energy market than private investors. • SWFs' representatives on company boards may create a conflict of interests.

The US Department of Energy - investing in clean transport

Science.gov (United States)

Chalk, Steven G.; Milliken, JoAnn; Miller, James F.; Venkateswaran, S. R.

The US Department of Energy (DOE), together with six other federal agencies and America's three largest car makers, are jointly investing in the development of polymer electrolyte membrane (PEM) fuel cells as a clean and efficient technology for automotive propulsion under the Partnership for a New Generation of Vehicles (PNGV). (PEM is sometimes referred to as `proton exchange membrane'. The correctness, or otherwise, of that interpretation will depend on the mechanism of apparent proton transfer in the membrane implied). It is anticipated that the successful development of PEM fuel cells (and other long-term technologies) to meet automotive requirements will extend beyond the PNGV's 2004 timeframe for achieving 80 miles per gallon in production prototypes. Given the extraordinary promise of large energy, environmental and economic benefits to the nation from fuel cells and other long-term technologies, the PNGV partners will continue to invest in these technologies beyond 2004. The DOE's Transportation Fuel Cells Program has recently announced US$50 million of new contract awards for focused R&D to overcome critical technical barriers such as fuel-flexible fuel processing technology. The progress achieved toward automotive goals through these and past investments will also enable nearer-term application of fuel cells (e.g. in buses). This paper describes the status of the PNGV program and the key role and technical accomplishments of the DOE Transportation Fuel Cells Program. The DOE's recent investments in new fuel cell R&D activities will be discussed.

75 FR 6651 - Biological and Environmental Research Advisory Committee

Science.gov (United States)

2010-02-10

... DEPARTMENT OF ENERGY Biological and Environmental Research Advisory Committee AGENCY: Department... meeting of the Biological and Environmental Research Advisory Committee (BERAC). Federal Advisory.... Department of Energy, Office of Science, Office of Biological and Environmental Research, SC-23/Germantown...

Optimal Time to Invest Energy Storage System under Uncertainty Conditions

Directory of Open Access Journals (Sweden)

Yongma Moon

2014-04-01

Full Text Available This paper proposes a model to determine the optimal investment time for energy storage systems (ESSs in a price arbitrage trade application under conditions of uncertainty over future profits. The adoption of ESSs can generate profits from price arbitrage trade, which are uncertain because the future marginal prices of electricity will change depending on supply and demand. In addition, since the investment is optional, an investor can delay adopting an ESS until it becomes profitable, and can decide the optimal time. Thus, when we evaluate this investment, we need to incorporate the investor’s option which is not captured by traditional evaluation methods. In order to incorporate these aspects, we applied real option theory to our proposed model, which provides an optimal investment threshold. Our results concerning the optimal time to invest show that if future profits that are expected to be obtained from arbitrage trade become more uncertain, an investor needs to wait longer to invest. Also, improvement in efficiency of ESSs can reduce the uncertainty of arbitrage profit and, consequently, the reduced uncertainty enables earlier ESS investment, even for the same power capacity. Besides, when a higher rate of profits is expected and ESS costs are higher, an investor needs to wait longer. Also, by comparing a widely used net present value model to our real option model, we show that the net present value method underestimates the value for ESS investment and misleads the investor to make an investment earlier.

77 FR 64970 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2012-10-24

... Biomass Research and Development Technical Advisory Committee. The Federal Advisory Committee Act (Pub. L... observe the business of the Biomass Research and Development Technical Advisory Committee. To attend the... DEPARTMENT OF ENERGY Office of Energy Efficiency and Renewable Energy Biomass Research and...

78 FR 29125 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2013-05-17

... Biomass Research and Development Technical Advisory Committee. The Federal Advisory Committee Act (Pub. L... public are welcome to observe the business of the Biomass Research and Development Technical Advisory... DEPARTMENT OF ENERGY Office of Energy Efficiency and Renewable Energy Biomass Research and...

Investment In Energy Efficiency: Do The Characteristics Of Firms Matter?

OpenAIRE

Stephen J. Decanio; William E. Watkins

1998-01-01

The literature on energy efficiency provides numerous examples of apparently profitable technologies that are not universally adopted. Yet according to the standard neoclassical theory of investment, profit-maximizing firms should undertake all investments with a positive net present value. The standard theory also holds that the discount rate for computing the present value of a project should be the return available on other projects in the same risk class, and therefore should not depend o...

78 FR 6087 - Biological and Environmental Research Advisory Committee

Science.gov (United States)

2013-01-29

... DEPARTMENT OF ENERGY Biological and Environmental Research Advisory Committee AGENCY: Office of... the Biological and Environmental Research Advisory Committee (BERAC). The Federal Advisory Committee... Federal Officer, BERAC, U.S. Department of Energy, Office of Science, Office of Biological and...

77 FR 4028 - Biological and Environmental Research Advisory Committee

Science.gov (United States)

2012-01-26

... DEPARTMENT OF ENERGY Biological and Environmental Research Advisory Committee AGENCY: Department... meeting of the Biological and Environmental Research Advisory Committee (BERAC). The Federal Advisory.... Department of Energy, Office of Science, Office of Biological and Environmental Research, SC-23/Germantown...

75 FR 9886 - Methane Hydrate Advisory Committee

Science.gov (United States)

2010-03-04

... DEPARTMENT OF ENERGY Methane Hydrate Advisory Committee AGENCY: Department of Energy, Office of Fossil Energy. ACTION: Notice of open meeting. SUMMARY: This notice announces a meeting of the Methane... the Committee: The purpose of the Methane Hydrate Advisory Committee is to provide advice on potential...

On investment, uncertainty, and strategic interaction with applications in energy markets

International Nuclear Information System (INIS)

Murto, P.

2003-01-01

The thesis presents dynamic models on investment under uncertainty with the focus on strategic interaction and energy market applications. The uncertainty is modelled using stochastic processes as state variables. The specific questions analyzed include the effect of technological and revenue related uncertainties on the optimal timing of investment, the irreversibility in the choice between alternative investment projects with different degrees of uncertainty, and the effect of strategic interaction on the initiating of discrete investment projects, on the abandonment of a project, and on incremental capacity investments. The main methodological feature is the incorporation of game theoretic concepts in the theory of investment. It is argued that such an approach is often desirable in terms of real applications, because many industries are characterized by both uncertainty and strategic interaction between the firms. Besides extending the theory of investment, this line of work may be seen as an extension of the theory of industrial organization towards the direction that views market stability as one of the factors explaining rational behaviour of the firms. (orig.)

Energy investments as foreseen by the IEA

International Nuclear Information System (INIS)

Anon.

2004-01-01

A new study carried out by the international energy agency (IEA) completes the previous analysis made by the World Energy Outlook and published in September 2002. The IEA study make a projection over the coming 30 years of the investments required for the transformation of the energy resources into the necessary supplies to the growing up world population needs. In addition to the IEA team, 63 French and foreign experts contributed to this study. This work has been carried out under the direction of F. Birol, economic director of the IEA. The reference scenario is the one of the 2002 edition of the World Energy Outlook, according to which the world energy market would show a growth of about two thirds during the next three decades, which corresponds to a yearly growth of 1.7%. This article summarizes the content of this study. (J.S.)

Master Limited Partnerships and Real Estate Investment Trusts: Opportunities and Potential Complications for Renewable Energy

Energy Technology Data Exchange (ETDEWEB)

Feldman, D.; Settle, E.

2013-11-01

Master Limited Partnerships (MLPs) and Real Estate Investment Trusts (REITs) are two proposed investment vehicles which have the potential to lower renewable energy assets' high cost of capital; a critical factor in the Department of Energy's goal for renewable energy to achieve grid-parity with traditional sources of electric generation. Due to current U.S. federal income tax laws, regulations, and administrative interpretations, REITs and MLPs cannot finance a significant portion of the cost of renewable energy assets. Efforts are underway to alter these rules by changing the definition of 'real property' (REIT) and 'qualified income' (MLP). However, even with rule changes, both investment vehicles have structural challenges to efficiently finance renewable energy assets. Among them are 1) effectively utilizing the U.S. federal income tax incentives; 2) administratively structuring the investments to not be overly onerous or complicated, given the potential for pooling a relatively large amount of small assets; and 3) attracting and retaining a large enough investment community to participate in the funding opportunities. This report summarizes these challenges so that if proposed federal changes are made, stakeholders have an understanding of the possible outcomes.

Investments in the Quebec energy sector: Increase of 27% in 1991 and forecast rise of 9% in 1992

International Nuclear Information System (INIS)

Anon.

1992-01-01

A compilation is presented of the sums invested in 1991 and the projected investments for 1992 in the Quebec energy sector. Historical data back to 1982 are also included. In 1991, the total investment rose to $4,328 million, or 27% more than in 1990. The year 1992 is expected to see a more modest 9% increase in energy investments. The relative value of energy investments compared to total Quebec investments was 15.6% in 1991 and is forecast to attain 16.9% in 1992. The large increase in energy investment is largely due to investments in the electric power sector, which receives ca 93% of Quebec energy investment. In the petroleum sector, preliminary data indicate that total investment in 1991 and 1992 will be $192.5 million and $203.1 million respectively, mostly for refining and distribution. In the natural gas sector, the historical data show a large peak at 1983 of $424 million, descending to the $50-70 million level starting in 1987. Natural gas investments in 1991 rose to $101.6 million, most of which went towards extending the distribution network. For 1992, $68.5 million is forecast to be invested. In the electric power sector, total 1991 investment was ca $4 billion, a 29% increase over 1990; 1992 investment is forecast at $4.46 billion. In 1991, the investment in electricity production totalled ca $2 billion and investment in power transmission $970 million, the latter mainly dedicated to construction of a 450 kV dc power line and to a network improvement program. Investment in power distribution was $567 million, while other investments such as communications, buildings, and technological activities amounted to $450 million. 4 figs., 5 tabs

77 FR 60435 - Employee Thrift Advisory Council

Science.gov (United States)

2012-10-03

... FEDERAL RETIREMENT THRIFT INVESTMENT BOARD Employee Thrift Advisory Council TIME AND DATE: 10 a.m. (EST), October 9, 2012. PLACE: 10th Floor Training Room, 77 K Street NE., Washington, DC 20002. STATUS: Open. MATTERS TO BE CONSIDERED: 1. Approval of the April 30, 2012 Minutes 2. Report of the Executive...

76 FR 66304 - Employee Thrift Advisory Council

Science.gov (United States)

2011-10-26

... FEDERAL RETIREMENT THRIFT INVESTMENT BOARD Employee Thrift Advisory Council TIME AND DATE: 2 p.m. (EST), November 15, 2011. PLACE: 4th Floor, Conference Room, 1250 H Street, NW., Washington, DC. STATUS: Open. MATTERS TO BE CONSIDERED: 1. Approval of the minutes of the April 18, 2011 meeting. 2. Report of...

The impact of Chinese carbon emission trading scheme (ETS) on low carbon energy (LCE) investment

International Nuclear Information System (INIS)

Mo, Jian-Lei; Agnolucci, Paolo; Jiang, Mao-Rong; Fan, Ying

2016-01-01

China is planning to introduce emission trading scheme (ETS) to decrease CO_2 emission. As low carbon energy (LCE) will play a pivotal role in reducing CO_2 emissions, our paper is to assess the extent and the conditions under which a carbon ETS can deliver LCE investment in China. We chose wind technology as a case study and a real-option based model was built to explore the impact of a number of variables and design features on investment decisions, e.g. carbon and electricity price, carbon market risk, carbon price floor and ceiling and on-grid ratio. We compute critical values of these variables and features and explore trade-offs among them. According to our work, a carbon ETS has a significant effect on wind power plant investment although it cannot support investment in wind power on its own. Carbon price stabilization mechanisms such as carbon price floor can significantly improve the effect of carbon ETS but the critical floor to support investment is still much higher than the carbon price in China pilot ETSs. Our results show that other policy measures will be needed to promote low-carbon energy development in China. - Highlights: • The impact of Chinese emission trading scheme on low carbon energy investment is assessed. • A real-option based investment decision model under uncertainty is built and employed. • Key variables and features of ETS influencing wind power investment are explored. • Chinese carbon ETS cannot support low carbon energy investment on its own. • Other policy measures complementing ETS are still needed and should be coordinated.

The impact of clean energy investments on the Greek economy: An input–output analysis (2010–2020)

International Nuclear Information System (INIS)

Markaki, M.; Belegri-Roboli, A.; Michaelides, P.; Mirasgedis, S.; 3TS S.A., Ag. Isidorou 1, 11471 Athens (Greece))" data-affiliation=" (FACE3TS S.A., Ag. Isidorou 1, 11471 Athens (Greece))" >Lalas, D.P.

2013-01-01

The aim of this paper is twofold: first, to calculate the “green” energy investments, by industrial sector, that Greece would need in order to satisfy a number of energy and environmental targets adopted in the context of the European Commission’s energy and climate change package; and second, to calculate the macro-economic impacts of these “green” investments on production and employment in the Greek economy. To this end, the input–output analysis has been exploited for estimating the direct, indirect and induced macroeconomic effects associated with the implementation of selected energy conservation measures, the promotion of renewable energy technologies, etc. Our findings show that the required investments would reach the amount of €47.9 billion, over the period 2010–2020. These investments will result in an average annual increase of the national product by €9.4 billion, creating simultaneously 108,000 full-time equivalent jobs for the entire period under consideration. The employment generated per €1 million investment is relatively higher in energy saving projects in buildings and transport in comparison with the development of RES in power generation sector. - Highlights: ► Development of clean energy technologies results in net macroeconomic benefits. ► Green investments examined will create yearly an average of 108,000 jobs in Greece. ► Energy efficiency investments are more labor intensive compared to RES projects. ► The imports of the necessary equipment reduce the output and employment effects

Building a Green Economy: Employment Effects of Green Energy Investments for Ontario

OpenAIRE

Robert Pollin; Heidi Garrett-Peltier

2009-01-01

In this study of Ontario’s green economy, Robert Pollin and Heidi Garrett-Peltier present an approach to realistically estimate the employment effects of green investments in Ontario. They focus on two alternative investment scenarios for the province: a baseline program of $18.6 billion invested in conservation and demand management; hydroelectric power; on-shore wind power; bioenergy; waste energy recycling; and solar power over 10 years, and a more ambitious $47.1 billion 10-year investmen...

17 CFR 270.3a-4 - Status of investment advisory programs.

Science.gov (United States)

2010-04-01

... basis of the client's financial situation and investment objectives and in accordance with any... regarding the client's financial situation and investment objectives, and gives the client the opportunity... been any changes in the client's financial situation or investment objectives, and whether the client...

Energy investments and ways of financing them

International Nuclear Information System (INIS)

Diel, R.

1975-01-01

The energy investments to be financed within the framework of the Federal Republic's energy programme require a growing proportion of external financing. The lending possibilities here are, however, also bound to the general regulations of the financial system where the credit solvency of the borrower, i.e. the earnings of the electricity industry, is a major criterion. Considering the promising market situation of the electricity industry, an elevation of the present credit line and a relaxation of the demands made on the balance relations should be justifiable, as even in this case the problems of financing cannot be solved by the exclusive application of conventional methods. (orig./AK) [de

Optimization as investment decision support in a Swedish medium-sized iron foundry - A move beyond traditional energy auditing

International Nuclear Information System (INIS)

Thollander, Patrik; Mardan, Nawzad; Karlsson, Magnus

2009-01-01

Due to increased globalisation, industries are facing greater competition that is pressing companies into decreasing their expenses in order to increase their profits. As regards Swedish industry, it has been faced with substantial increases in energy prices in recent years. Barriers to energy efficiency such as imperfect information inhibit investments in energy efficiency measures, energy audits being one means of reducing barriers and overcoming imperfect information. However, an evaluation of such energy audits in Sweden reveals that it is chiefly low-cost measures that are undertaken as a result of an audit. Moreover, these audits often tend to focus on support processes such as ventilation, lighting, air compressors etc., while measures impacting production processes are often not as extensively covered, which underlines the need for further support in addition to energy audits. Decision support is practised in a variety of different disciplines such as optimization and simulation and the aim of this paper is to explore whether investment decision support practices may be used successfully towards small and medium-sized manufacturers in Sweden when complex production-related investment decisions are taken. The optimization results from the different cases, involving a foundry's investment in a new melting unit, indicate that with no electricity price fluctuations over the day, the investment seems sound as it lowers the overall energy costs. However, with fluctuating electricity prices, there are no large differences in energy costs between the option of retaining the existing five melting furnaces at the foundry and investing in a twin furnace and removing the holding furnaces - which was the initial investment plan for the foundry in the study. It would not have been possible to achieve this outcome without the use of investment decision support such as MIND. One of the main conclusions in this paper is that investment decision support, when strategic

Local investment in renewable energies; Investissement local dans les Energies Renouvelables

Energy Technology Data Exchange (ETDEWEB)

Grepmeier, K; Larsen, J; Manolakaki, E; Quantin, J; Twele, J

2003-07-01

This document presents european examples on the interest of the local investment, illustrated by cases studies in Germany, Denmark and Switzerland. Two main points were discussed: the financial tools and the french strategy. The colloquium provided many discussions and analyzes on the possibility of significant contribution to the collective efforts in favor of the public involvement in the renewable energies development in Europe. (A.L.B.)

Transnational Energy Companies' Investment Allocation Decisions

Energy Technology Data Exchange (ETDEWEB)

Osmundsen, Petter; Emhjellen, Magne; Halleraker, Morten

2001-10-01

When making international capital budgeting decisions, energy companies are often faced with capital and organisational constraints. The constraints may be real or management imposed. In addition, when entering into a new country or region the companies will incur fixed new area costs that must be considered before investment approval. The decision problem is therefore not a linear problem where the standard net present value rule applies, but a non-linear problem of selecting the combination of projects with the maximum aggregate net present value. New project investments will therefore be selected based on the size of the net present value (often referred to as financial volume or materiality) compared to the projects' use of capital and scarce personnel and organisational capacity. Consequently, projects with a positive net present value, but with low materiality, may not be approved. The portfolio choice has a parallel to the company's choice of core areas. Instead of complex portfolio models, the companies often apply simpler allocation mechanisms, e.g., combinations of fixed investment budgets and materiality requirements. Analysing petroleum cases, we compare the allocations decisions generated by portfolio models and simpler mechanisms. We also discuss the implications of this capital allocation pattern for governments' design of tax systems and license conditions. (author)

Atmospheric CO2 enrichment alters energy assimilation, investment and allocation in Xanthium strumarium.

Science.gov (United States)

Nagel, Jennifer M; Wang, Xianzhong; Lewis, James D; Fung, Howard A; Tissue, David T; Griffin, Kevin L

2005-05-01

Energy-use efficiency and energy assimilation, investment and allocation patterns are likely to influence plant growth responses to increasing atmospheric CO2 concentration ([CO2]). Here, we describe the influence of elevated [CO2] on energetic properties as a mechanism of growth responses in Xanthium strumarium. Individuals of X. strumarium were grown at ambient or elevated [CO2] and harvested. Total biomass and energetic construction costs (CC) of leaves, stems, roots and fruits and percentage of total biomass and energy allocated to these components were determined. Photosynthetic energy-use efficiency (PEUE) was calculated as the ratio of total energy gained via photosynthetic activity (Atotal) to leaf CC. Elevated [CO2] increased leaf Atotal, but decreased CC per unit mass of leaves and roots. Consequently, X. strumarium individuals produced more leaf and root biomass at elevated [CO2] without increasing total energy investment in these structures (CCtotal). Whole-plant biomass was associated positively with PEUE. Whole-plant construction required 16.1% less energy than modeled whole-plant energy investment had CC not responded to increased [CO2]. As a physiological mechanism affecting growth, altered energetic properties could positively influence productivity of X. strumarium, and potentially other species, at elevated [CO2].

75 FR 51026 - Environmental Management Advisory Board

Science.gov (United States)

2010-08-18

... DEPARTMENT OF ENERGY Environmental Management Advisory Board AGENCY: Department of Energy. ACTION: Notice of open meeting. SUMMARY: This notice announces a meeting of the Environmental Management Advisory... EMAB is to provide the Assistant Secretary for Environmental Management (EM) with advice and...

Energy consumption during the building life cycle – influence of investment activities and operations

Directory of Open Access Journals (Sweden)

Vytlačil Dalibor

2018-01-01

Full Text Available The paper describes the dynamic model of maintenance and investments of a building structure and HVAC systems. The aim of the research is finding the time dependent curve for energy consumption and also the cash flow that depends on the investments to energy saving arrangements and operations. The solution is based on the system dynamics method. The method makes possible to interconnect technical and economic parts of the problem. The main parameter in the model is the energy consumption in the building per floor square meter and year. This parameter is influenced by a deterioration of the building structure and the components of the active elements. The investments realized with the aim to decrease the energy consumption is another influence. The example of the computer simulation of the building parameters during the life cycle is presented in the paper.

Relating Financial and Energy Return on Investment

Directory of Open Access Journals (Sweden)

Carey W. King

2011-10-01

Full Text Available For many reasons, including environmental impacts and the peaking and depletion of the highest grades of fossil energy, it is very important to have sound methods for the evaluation of energy technologies and the profitability of the businesses that utilize them. In this paper we derive relations among the biophysical characteristic of an energy resource in relation to the businesses and technologies that exploit them. These relations include the energy return on energy investment (EROI, the price of energy, and the profit of an energy business. Our analyses show that EROI and the price of energy are inherently inversely related such that as EROI decreases for depleting fossil fuel production, the corresponding energy prices increase dramatically. Using energy and financial data for the oil and gas production sector, we demonstrate that the equations sufficiently describe the fundamental trends between profit, price, and EROI. For example, in 2002 an EROI of 11:1 for US oil and gas translates to an oil price of 24 $2005/barrel at a typical profit of 10%. This work sets the stage for proper EROI and price comparisons of individual fossil and renewable energy businesses as well as the electricity sector as a whole. Additionally, it presents a framework for incorporating EROI into larger economic systems models.

78 FR 64932 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2013-10-30

... DEPARTMENT OF ENERGY Biomass Research and Development Technical Advisory Committee AGENCY: Energy... announces an open meeting of the Biomass Research and Development Technical Advisory Committee under Section... Biomass Research and Development Technical Advisory Committee. To attend the meeting and/or to make oral...

Energy efficiency in existing buildings: investment gap, incentives and supporting measures

International Nuclear Information System (INIS)

Varenio, Celine

2012-01-01

This PhD dissertation focuses on energy efficiency policies in housing. It aims at evaluating the effectiveness of public incentives designed to increase household's investment in energy efficiency of their dwelling. To reach this objective this research combines the two key dimensions of ex-post evaluation, i.e. summary and formative dimensions. The first one aims at knowing the effectiveness of public policies whereas the other one targets to understand what the public policies' consequences are and to identify ways for improvement. To reach this purpose, the research follows four steps. Firstly, it requires a detailed analysis to understand the origins of the energy efficiency gap. This gap can be explained by markets failures, consequences of bounded rationality and coordination problem between stakeholders, especially in multi-family dwellings. Secondly, the argument progresses by drawing a parallel between results from normative analysis and from observations of actual level of investments in thermal retrofit actions. It aims at identifying investment households' criteria and then at understanding how barriers to energy efficiency raise. Thirdly, thanks to the inventory of these various energy efficiency barriers it becomes possible to examine if the incentives currently implemented in France can remove them all. It appears that the national policy does not significantly reduce the energy efficiency gap. On the one hand, some barriers remain because no tool has been proposed to overcome them. On the other hand, some barriers are only partially eliminated because the practical use of tools differs from their theoretical design. Finally, using the analysis of retrofitting programs implemented on the Grenoble area this research assesses the effectiveness of additional incentives. The objective is to know to what extent these 'reinforced' policies remove barriers still existing after national tools implementation. From these four

Power sector investment risk and renewable energy: A Japanese case study using portfolio risk optimization method

International Nuclear Information System (INIS)

Bhattacharya, Anindya; Kojima, Satoshi

2012-01-01

The conventional pricing mechanism used for electricity systematically hides huge investment risks which are embedded in the overall cost of production. Although consumers are often unaware of these risks, they present a large financial burden on the economy. This study applies the portfolio optimization concepts from the field of finance to demonstrate the scope of greater utilization of renewable energies (RE) while reducing the embedded investment risk in the conventional electricity sector and its related financial burden. This study demonstrates that RE investment can compensate for the risks associated with the total input costs; such costs being external volatilities of fossil fuel prices, capital costs, operating and maintenance costs and the carbon costs. By means of example, this case study shows that Japan could in theory obtain up to 9% of its electricity supply from green sources, as compared to the present 1.37%, based on the utilization of a portfolio risk-analysis evaluation. Explicit comparison of the monetary values of the investment risks of conventional and renewable energy sources shows that renewable energies have high market competitiveness. The study concludes with a recommendation that, as a business objective, investors would benefit by focusing on electricity supply portfolio risk minimization instead of cost. This could also inherently increase the supply of renewable energy in the market. - Research highlights: ►Energy sector investors should not be bothered only about the absolute cost figures of the input factors like fossil fuels but should also be careful about the fluctuation of their costs while making the investment decisions. ►Inclusion of renewable energy in the investment portfolio can increase the cost apparently but can reduce the risk hedging costs, too. ►International carbon price may not be a good factor to encourage renewable energy investment in the market.

77 FR 26276 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2012-05-03

... business of the Biomass Research and Development Technical Advisory Committee. To attend the meeting and/or... DEPARTMENT OF ENERGY Energy Efficiency and Renewable Energy Biomass Research and Development Technical Advisory Committee AGENCY: Energy Efficiency and Renewable Energy, Department of Energy. ACTION...

78 FR 44105 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2013-07-23

... Research and Development Technical Advisory Committee. To attend the meeting and/or to make oral statements... DEPARTMENT OF ENERGY Energy Efficiency and Renewable Energy Biomass Research and Development Technical Advisory Committee AGENCY: Energy Efficiency and Renewable Energy, Department of Energy. ACTION...

76 FR 63614 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2011-10-13

... Biomass Research and Development Technical Advisory Committee. To attend the meeting and/or to make oral... DEPARTMENT OF ENERGY Energy Efficiency and Renewable Energy Biomass Research and Development Technical Advisory Committee AGENCY: Energy Efficiency and Renewable Energy, Department of Energy. ACTION...

Modeling the effects of the new Russian capacity mechanism on renewable energy investments

International Nuclear Information System (INIS)

Kozlova, Mariia; Collan, Mikael

2016-01-01

Russian renewable energy policy, introduced in May 2013, is a capacity mechanism-based approach to support wind, solar, and small hydro power development in Russia. This paper explores the effect of the new mechanism on the profitability of new renewable energy investments with a numerical example. The sensitivity of project profitability to selected factors is studied and the results are compared ceteris paribus to results from a generic feed-in premium case. Furthermore, the paper gives a complete and detailed presentation of the capacity price calculation procedure tied to the support mechanism. The results show that the new Russian renewable energy capacity mechanism offers a significant risk reduction to the investor in the form of dampening the sensitivity to external market factors. At the same time it shields the energy market system from excessive burden of renewable energy support. Even if the complexity of the method is a clear drawback to the detailed understanding of how the mechanism works, the design of the incentive policy could be an appealing alternative also for other emerging economies. - Highlights: •New Russian RE investment incentive mechanism is presented in detail. •Effect of the mechanism on RE investment profitability is numerically illustrated. •Sensitivity of project profitability to selected variables is studied. •Sensitivity results are compared to results under a generic feed-in premium. •The mechanism is shown to reduce market-related risks of RE investments.

Influence of individual heat pumps on wind power integration – Energy system investments and operation

DEFF Research Database (Denmark)

Hedegaard, Karsten; Münster, Marie

2013-01-01

Individual heat pumps are expected to constitute a significant electricity demand in future energy systems. This demand becomes flexible if investing in complementing heat storage capabilities. In this study, we analyse how the heat pumps can influence the integration of wind power by applying...... an energy system model that optimises both investments and operation, and covers various heat storage options. The Danish energy system by 2030 with around 50–60% wind power is used as a case study. Results show that the heat pumps, even without flexible operation, can contribute significantly...... to facilitating larger wind power investments and reducing system costs, fuel consumption, and CO2 emissions. Investments in heat storages can provide only moderate system benefits in these respects. The main benefit of the flexible heat pump operation is a reduced need for peak/reserve capacity, which is also...

Real Options Analysis of Renewable Energy Investment Scenarios in the Philippines

OpenAIRE

Agaton, Casper

2017-01-01

Abstract - With the continuously rising energy demand and much dependence on imported fossil fuels, the Philippines is developing more sustainable sources of energy. Renewable energy seems to be a better alternative solution to meet the country’s energy supply and security concerns. Despite its huge potential, investment in renewable energy sources is challenged with competitive prices of fossil fuels, high start-up cost and lower feed-in tariff rates for renewables. To address these probl...

Prerequisites to promote energy efficiency investments in Bulgaria

International Nuclear Information System (INIS)

Boernsen, O.

1994-01-01

The PHARE Energy Programme's team observation and advice to the Committee of Energy in Bulgaria are outlined. In comparison to the Western European countries energy intensity in Bulgaria is 2-3 times higher. It is explained by the energy intensive industrial structure and the old and depreciated capital equipment. Cost-covering energy prices would make energy efficiency investment financially feasible and would attract financiers. But the lesson from Western European experience is that availability of finance capital and cost reflecting energy prices is not at all a necessary prerequisite for energy efficiency improvement. This improvement can be achieved with no cost or low cost measures. The potential for energy efficiency in industry (consuming more than 50% of the energy) is 11%-20%; in buildings - 6%; in transport - 4%. There are other obstacles, as lack of information, other business interests and no internal expertise, especially for small and medium size industries. The basic prerequisite to improve energy efficiency is raising of awareness and change of management culture, as well as radical change in organisational and management structures. (orig.)

Foreign Direct Investment and Energy Supply in the Middle East and North Africa: A Correlational Study

Science.gov (United States)

Elghali, Siddig

Middle East and North Africa countries have been criticized for failing to utilize foreign direct investment energy resources efficiently. The changing of energy resources environment of the past decades with its growing emphasis on the importance of imminent energy supply challenges require strategists to consider different types of energy resources investment to improve energy supply. One type of energy investment will show effectiveness and efficiency in utilizing foreign direct investment in exposing RE, fossil fuels, natural gas, and reducing CO2 emissions. The purpose of this quantitative correlational study was to utilize foreign direct investment to predict total primary energy supply in the Middle East and North Africa region between 1971 and 2013. The study was conducted using a sample size of 43 years of energy supply resources and foreign direct investment from 1971 to 2013, which includes all of the years for which FDI is available. RE potential may equip Middle East and North Africa countries with sustainable and clean electricity for centuries to come, as non-renewable energy resources may not meet the demands globally and domestically or environmentally. As demands for fossil fuels grow, carbon emissions will increase. RE may be a better option of CO 2 emissions sequestration and will increase electricity to rural areas without government subsidies and complex decision-making policies. RE infrastructure will reduce water desalinization costs, cooling systems, and be useful in heating. Establishing concentrated solar power may be useful for the region cooperation, negotiations, and integration to share this energy. The alternative sought to fossil fuels was nuclear power. However, nuclear power depends on depleting, non-renewable uranium resources. The cost of uranium will increase if widely used and the presence of a nuclear plant in an unstable region is unsafe. Thus, renewable energy as a long-term option is efficient. A nonlinear regression

A support of the renewable source energy utilization and conditions for the biogass station investment

Directory of Open Access Journals (Sweden)

Roland Weiss

2009-03-01

Full Text Available This paper describes possibilities of the renewable energy source projects funding and arises an importance of the analysis whichshould be the first step before investing in the generation of energy from renewable sources.The issue of investing in biogas plants is related to particular conditions of the investor. The extent of the investment is never clearand always depends on the company equipment. Therefore, the quality evaluation of the project in the preparatory phase can protectthe investor against a direct damage and disappointment.

77 FR 20377 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2012-04-04

... Biomass Research and Development Technical Advisory Committee under Section 9008(d) of the Food... DEPARTMENT OF ENERGY Office of Energy Efficiency and Renewable Energy Biomass Research and Development Technical Advisory Committee AGENCY: Office of Energy Efficiency and Renewable Energy, Department...

Study on the Feasible Investment into the Energy Industry of North Korea

Energy Technology Data Exchange (ETDEWEB)

Chung, W.J. [Korea Energy Economics Institute, Euiwang (Korea)

2001-12-01

The economy of North Korea has fallen into the trap of poverty. One of the reasons is diagnosed at the study that the marginal productions in the economy have diminished due to the past economic extensions without technology developments. The other is that industry productions have been decreased due to the downward spirals for the chains of industry, which came mainly from the restrictions of supply in the overseas dependent energy industry and core parts of heavy industry as the North Korea's relations with the foreign countries became worse. On the assumption that the North Korea makes efforts to develop its economy on a big push-style, this study projected the GDP growth rates and the changes of industry structure in two decades at the scenarios of 'with opening and reforming' and 'with only reforming', 'without opening and reforming' in North Korea. Energy demands by types and industries were then forecasted with the projected GDP growth rates and industry structures at the study. Various concepts over the energy are raised in a relationship of two Koreas. Energy can become economic good for the investment and trade for the mutual benefit or the support goods for humanity like foods and medical supplies, strategical goods for military purposes. On the other hand, energy part would be a leading industry for economic growth in the North and the active and large scale economic cooperation between two Koreas. Though it is reasonable that the energy are invested and traded on a commercial basis between two Koreas, the historical and political properties force the South to support energy to the North as an urgent measure not only for the North Korea's escape from the economic crisis, but for attaining the various political and social purposes between two Koreas. The study on the energy business between two Koreas began with analysing the ways of the South's investments to the energy facilities in North Korea for the

Investment, firm value, and risk for a system operator balancing energy grids

International Nuclear Information System (INIS)

Dockner, Engelbert J.; Kucsera, Dénes; Rammerstorfer, Margarethe

2013-01-01

With the liberalization of energy markets integrated energy companies have separated into entities that specialize in production and/or transmission of energy. Transmission of energy requires balancing the grid to guarantee system security, which is performed by the (independent) system operator (SO). When the SO faces stochastic demand, grid balancing has sizeable consequences on current and future profits, and hence, on firm value and firm risk. We explore these value and risk consequences with and without an investment option to expand transmission capacity. We show that firm value consists of the value of the transmission capacity in place plus the value of a short put and a short call option that are the result of the SO's balancing actions. Firm risk without investment option is non-linear and determined by the short option positions. It is decreasing with increasing energy demand. The existence of an option to expand transmission capacity increases firm value and firm risk. - Highlights: ► Grid balancing under stochastic demand affect current and future revenues, and firm value and firm risk. ► Balancing firm value consists of the value of the transmission capacity plus the value of a short strangle. ► Firm risk without investment option is determined by the short strangle and decreasing with increasing energy demand. ► The existence of an expansion option implies that transmission capacity increases firm value and firm risk

A Retrospective Management Perspective on Nearly 20 Years of the Savannah River Site Citizen Advisory Board - 13078

International Nuclear Information System (INIS)

Belencan, Helen L.; Guevara, Karen C.; Spears, Terrel J.

2013-01-01

The Department of Energy, Office of Environmental Management (DOE EM) program has invested in site specific advisory boards since 1994. These boards have served as a portal to the communities surrounding the DOE sites, provided a key avenue for public involvement, and have actively engaged in providing input and feedback that has informed clean up and priority decisions made by EM. Although the EM program has made considerable progress in completing its mission, work will continue for decades, including work at the Savannah River Site (SRS). It is reasonable to assume the advisory boards will continue in their role providing input and feedback to EM. The SRS Citizen Advisory Board (CAB) formed in 1994 and has issued 298 recommendations through September 2012. Although the effectiveness of the board is not measured by the number of recommendations issued, the recommendations themselves serve to illustrate the areas in which the CAB is particularly interested, and offer insight to the overall effectiveness of the CAB as a means for public participation in the EM decision making process. (authors)

Peak loads and network investments in sustainable energy transitions

Energy Technology Data Exchange (ETDEWEB)

Blokhuis, Erik, E-mail: e.g.j.blokhuis@tue.nl [Eindhoven University of Technology, Department of Architecture, Building and Planning, Vertigo 8.11, P.O. Box 513, 5600MB Eindhoven (Netherlands); Brouwers, Bart [Eindhoven University of Technology, Department of Architecture, Building and Planning, Vertigo 8.11, P.O. Box 513, 5600MB Eindhoven (Netherlands); Putten, Eric van der [Endinet, Gas and Electricity Network Operations, P.O. Box 2005, 5600CA Eindhoven (Netherlands); Schaefer, Wim [Eindhoven University of Technology, Department of Architecture, Building and Planning, Vertigo 8.11, P.O. Box 513, 5600MB Eindhoven (Netherlands)

2011-10-15

Current energy distribution networks are often not equipped for facilitating expected sustainable transitions. Major concerns for future electricity networks are the possibility of peak load increases and the expected growth of decentralized energy generation. In this article, we focus on peak load increases; the effects of possible future developments on peak loads are studied, together with the consequences for the network. The city of Eindhoven (the Netherlands) is used as reference city, for which a scenario is developed in which the assumed future developments adversely influence the maximum peak loads on the network. In this scenario, the total electricity peak load in Eindhoven is expected to increase from 198 MVA in 2009 to 591-633 MVA in 2040. The necessary investments for facilitating the expected increased peak loads are estimated at 305-375 million Euros. Based upon these projections, it is advocated that - contrary to current Dutch policy - choices regarding sustainable transitions should be made from the viewpoint of integral energy systems, evaluating economic implications of changes to generation, grid development, and consumption. Recently applied and finished policies on energy demand reduction showed to be effective; however, additional and connecting policies on energy generation and distribution should be considered on short term. - Highlights: > Sustainable energy transitions can result in major electricity peak load increases. > Introduction of heat pumps and electrical vehicles requires network expansion. > Under worst case assumptions, peak loads in Eindhoven increase with 200% until 2040. > The necessary investment for facilitating this 2040 peak demand is Euro 305-375 million. > Future policy choices should be made from the viewpoint of the integral energy system.

Peak loads and network investments in sustainable energy transitions

International Nuclear Information System (INIS)

Blokhuis, Erik; Brouwers, Bart; Putten, Eric van der; Schaefer, Wim

2011-01-01

Current energy distribution networks are often not equipped for facilitating expected sustainable transitions. Major concerns for future electricity networks are the possibility of peak load increases and the expected growth of decentralized energy generation. In this article, we focus on peak load increases; the effects of possible future developments on peak loads are studied, together with the consequences for the network. The city of Eindhoven (the Netherlands) is used as reference city, for which a scenario is developed in which the assumed future developments adversely influence the maximum peak loads on the network. In this scenario, the total electricity peak load in Eindhoven is expected to increase from 198 MVA in 2009 to 591-633 MVA in 2040. The necessary investments for facilitating the expected increased peak loads are estimated at 305-375 million Euros. Based upon these projections, it is advocated that - contrary to current Dutch policy - choices regarding sustainable transitions should be made from the viewpoint of integral energy systems, evaluating economic implications of changes to generation, grid development, and consumption. Recently applied and finished policies on energy demand reduction showed to be effective; however, additional and connecting policies on energy generation and distribution should be considered on short term. - Highlights: → Sustainable energy transitions can result in major electricity peak load increases. → Introduction of heat pumps and electrical vehicles requires network expansion. → Under worst case assumptions, peak loads in Eindhoven increase with 200% until 2040. → The necessary investment for facilitating this 2040 peak demand is Euro 305-375 million. → Future policy choices should be made from the viewpoint of the integral energy system.

WEALTH MANAGEMENT THROUGH ROBO ADVISORY

OpenAIRE

Ishmeet Singh; Navjot Kaur

2017-01-01

Use of artificial intelligence is changing the working styles of human beings in almost every sphere. From Travel, health, education, communication and other related fields, it has now entered wealth management. A number of wealth management firms have adopted the artificial intelligence based services to the clients so that they are able to get investment advice any time as per their convenience. These services are quickly accessible, cheaper, transparent and unbiased. Since the advisory ser...

Comparison of initial capital investment requirements for new domestic energy supplies: 1980 update

International Nuclear Information System (INIS)

Schlesinger, B.; Hay, N.E.; Wilkinson, P.

1980-01-01

A.G.A.'s update of its 1978 analysis comparing the initial capital investments required for several domestic sources of alternative energy (coal conversion, oil shale, unconventional natural gas, Alaskan gas, nuclear power, and solar energy) concludes that US energy-supply and utilization systems based on gaseous fuels need substantially less initial capital investment than do equivalent nuclear, coal, and solar electric systems or synthetic-liquids systems. The capital estimates include the costs of resource extraction, processing and conversion, transmission and distribution, and end-use equipment. The cost advantages shown for the three end-use applications compared - residential and small-commercial space heating, premium industrial usage, and large industrial boilers - reflect both the lower capital requirements and higher energy efficiencies of the gaseous systems

Energy management in the patrimonial buildings of European territorial organizations in the framework of markets liberalization. Economic study of financial incentive mechanisms in favor of energy efficiency investment

International Nuclear Information System (INIS)

Gayral, L.

2005-12-01

The territorial and patrimonial components of energy savings are not well developed because many barriers - political, organisational and financial - prevent investments in energy efficiency. Although investing in the improvement of the energy efficiency of their public buildings is a rational process, the local authorities are far from systematically carrying out this type of investment. Their limited investment capacity, associated to the lack of spare capital to finance their projects leads them to a 'vicious circle of energy wasting'. Our thesis analyzes the economic and financial tools a local authority can use to invest and enter a 'virtuous circle of energy efficiency'. Our topic deals with the financing of energy efficiency investments at a local level. We describe with details the functioning of each financial mechanism indexed. We illustrate their implementation within European municipalities through many case studies. Finally, we suggest recommendations for their broad reproducibility within French local authorities. (author)

Profiles of foreign direct investment in US energy, 1992

International Nuclear Information System (INIS)

1994-01-01

The report reviews the patterns of foreign ownership interest in US energy enterprises, exclusive of portfolio investment (<10% ownership of a US enterprise). It profiles the involvement of foreign-affiliated US companies in the following areas: domestic petroleum production (including natural gas), reserve holdings, refining and marketing activities, coal production, and uranium exploration and development

Profiles of foreign direct investment in US energy, 1992

Energy Technology Data Exchange (ETDEWEB)

1994-05-16

The report reviews the patterns of foreign ownership interest in US energy enterprises, exclusive of portfolio investment (<10% ownership of a US enterprise). It profiles the involvement of foreign-affiliated US companies in the following areas: domestic petroleum production (including natural gas), reserve holdings, refining and marketing activities, coal production, and uranium exploration and development.

Transport Emissions and Energy Consumption Impacts of Private Capital Investment in Public Transport

Directory of Open Access Journals (Sweden)

Yunqiang Xue

2017-10-01

Full Text Available Introducing private capital into the public transport system for its sustainable development has been increasing around the world. However, previous research ignores emissions and energy consumption impacts, which are important for private capital investment policy-making. To address this problem, the system dynamic (SD approach was used to quantitatively analyze the cumulative effects of different private capital investment models in public transport from the environmental perspective. The SD model validity was verified in the case study of Jinan public traffic. Simulation results show that the fuel consumption and emission reductions are obvious when the private capital considering passenger value invests in public transport compared with the no private capital investment and traditional investment models. There are obvious cumulative reductions for fuel consumption, CO2, CO, SO2, and PM10 emissions for 100 months compared with no private capital investment. This research verifies the superiority of the passenger value investment model in public transport from the environmental point of view, and supplies a theoretical tool for administrators to evaluate the private capital investment effects systematically.

Shifting policy priorities in EU-China energy relations: Implications for Chinese energy investments in Europe

International Nuclear Information System (INIS)

Gippner, Olivia; Torney, Diarmuid

2017-01-01

Shifting energy policy priorities both in China and the EU (European Union) have transformed their bilateral relationship. In order to assess the impact of domestic policy priorities on bilateral energy cooperation and climate policy, this comparative study traces the evolution of EU and Chinese approaches to energy policy – and their relative emphasis on factors and frames such as availability, efficiency, affordability and environmental stewardship. Drawing on government documents and a data set of interviews with Chinese policy-makers, experts and academics in 2015–2016, the article argues that while the EU started with a strong emphasis on environmental stewardship and moved towards a focus on affordability and availability, China started with a strong emphasis on availability and has moved towards a greater emphasis on environmental stewardship. This shift in frames on the Chinese side and subsequent changes in subsidy structures and targets can partially explain the increase in investments in renewable energy technologies. The article concludes that the Chinese and EU perspectives have become more aligned over the past ten years, coinciding with an increasing trend towards renewable energy in Chinese energy investments in the EU, for example in Italy and the UK. - Highlights: • Compares dominant frames of energy policy in China and the European Union in the period 2005–2015. • Shows that there has been a convergence of policy frames between China and the EU. • Convergence on environmental stewardship is necessary but not sufficient for FDI in clean energy.

Impact of new power investments up to year 2020 on the energy system of Bosnia and Herzegovina

Directory of Open Access Journals (Sweden)

Hasovic Zihnija

2015-01-01

Full Text Available This paper investigates current and planned investments in new power plants in Bosnia and Herzegovina and impact of these investments on the energy sector, CO2 emission and internationally committed targets for electricity from renewable sources up to year 2020. Bosnia and Herzegovina possesses strong renewable energy potential, in particular hydro and biomass. However, the majority of energy production is conducted in outdated power plants and based on fossil fuels, resulting in environment pollution. New major investments The Stanari Thermal plant (300 MW and the investment in Block 7 (450 MW at the Thermal Plant Tuzla are again focused on fossil fuels. The power sector is also highly dependent on the hydrology as 54% of current capacities are based on large hydro power. In order to investigate how the energy system of Bosnia and Herzegovina will be affected by these investments and hydrology, the EnergyPLAN model was used. Based on the foreseen demand for year 2020 several power plants construction and hydrology scenarios have been modelled to cover a range of possibilities that may occur. This includes export orientation of Stanari plant, impact of wet, dry and average year, delayed construction of Tuzla Block 7, constrained construction of hydro power plants, and retirement of thermal units. It can be concluded that energy system can be significantly affected by delayed investments but in order to comply with renewables targets Bosnia and Herzegovina will need to explore the power production from other renewable energy sources as well.

Public preferences for investments in renewable energy production and energy efficiency

International Nuclear Information System (INIS)

Noblet, Caroline L.; Teisl, Mario F.; Evans, Keith; Anderson, Mark W.; McCoy, Shannon; Cervone, Edmund

2015-01-01

In this paper we investigate the choices citizens make when asked to express willingness to support a proposed energy policy and are then compelled to allocate the program funds to either renewable energy or energy efficiency. In a survey study based on a random sample of residents of the state of Maine, USA, we find that citizens have preferences for specific types of renewable energy but these preferences do not yield significantly different allocation of investment funds between renewable energy and energy efficiency. We find that preferences are generally consistent regardless of presentation of options (i.e. limited ordering effects). Our results also indicate that personal characteristics that are understudied in the energy literature, including promotion/prevention focus and social/fiscal leanings, influence both willingness to support energy policies and also their allocation of fund choices, but in different ways. This suggests the importance of including multiple options in energy policy proposals, and that targeted messages regarding the components of such policies is key for optimal communication. - Highlights: • Support for energy policies depends on the type of renewable energy included. • Citizens chose to allocate more funds to energy efficiency than renewable energies. • Promotion or prevention focus impacts support for policy and allocation decisions. • Social and fiscal leanings impact support and allocation, in different ways.

Assessment of energy return on energy investment (EROEI) of oil bearing crops for renewable fuel production

OpenAIRE

A. Restuccia; S. Failla; D. Longo; L. Caruso; I. Mallia; G. Schillaci

2013-01-01

As reported in literature the production of biodiesel should lead to a lower energy consumption than those obtainable with its use. So, to justify its consumption, a sustainable and “low input” production should be carried out. In order to assess the sustainability of Linum usitatissimum, Camelina sativa and Brassica carinata cultivation for biodiesel production in terms of energy used compared to that obtained, the index EROEI (Energy Return On Energy Invested) has been used. At this aim, an...

A Multi-Model Study of Energy Supply Investments in Latin America under Climate Control Policy Energy Economics

NARCIS (Netherlands)

Kober, T.; Falzon, J.; van der Zwaan, B.; Calvin, K.; Kanudia, A.; Kitous, A.; Labriet, M.

In this paper we investigate energy supply investment requirements in Latin America until 2050 through a multi-model approach as jointly applied in the CLIMACAP-LAMP research project. We compare a business-as-usual scenario needed to satisfy anticipated future energy demand with a set of scenarios

H2 at Scale: Benefitting our Future Energy System - Update for the Hydrogen Technical Advisory Committee

Energy Technology Data Exchange (ETDEWEB)

Ruth, Mark

2016-12-06

Hydrogen is a flexible, clean energy carrying intermediate that enables aggressive market penetration of renewables while deeply decarbonizing our energy system. H2 at Scale is a concept that supports the electricity grid by utilizing energy without other demands at any given time and also supports transportation and industry by providing low-priced hydrogen to them. This presentation is an update to the Hydrogen Technical Advisory Committee (HTAC).

An assessment of the sustainable energy investments in the framework of the EU-GCC cooperation

International Nuclear Information System (INIS)

Patlitzianas, Konstantinos D.; Doukas, Haris; Askounis, Dimitris T.

2007-01-01

The cooperation between the European Union (EU) and the Gulf Cooperation Council (GCC) should be broadened, deepened and become more interactive due to GCC states' accession to the Kyoto protocol in 2005. Nowadays, the GCC states start putting climate change and its business opportunities on the top of their priorities' list towards the accomplishment of the sustainable development goals. However, the level of development of sustainable energy investments (renewable energy, CO 2 sequestration and rational use of energy) is low until now in the GCC. For the above reason, the assessment of appropriate investments needs to be taken into account both by the governments in order to design the appropriate framework for supporting them and the project investors to identify the commercially profitable ones. In this framework, the aim of this paper is the identification and assessment of sustainable energy investments in the framework of the EU-GCC co-operation. (author)

Retrospective Benefit-Cost Evaluation of U.S. DOE Wind Energy R&D Program: Impact of Selected Energy Technology Investments

Energy Technology Data Exchange (ETDEWEB)

Pelsoci, Thomas M. [Delta Research Co., Evanston, IL (United States)

2010-06-01

This benefit-cost analysis focuses on the DOE Wind Energy Program's public sector R&D investments and returns. The analysis accounts for the program's additionality – that is, comparing what has happened as a result of the program to what would have happened without it. The analysis does not address the return on the investments of private companies ("private returns"). Public returns on the program's investments from 1976 to 2008 are identified and analyzed using retrospective analysis.

China's energy saving potential from the perspective of energy efficiency advantages of foreign-invested enterprises

International Nuclear Information System (INIS)

Jiang, Xuemei; Zhu, Kunfu; Green, Christopher

2015-01-01

The paper investigates the energy saving potential associated with firm ownership-related differences in energy efficiency such as those between domestically and foreign-owned firms. Because of a gap in official statistics this topic has barely been touched upon in the scholarly literature. This paper employs a new energy input–output table that distinguishes firm ownership (Chinese owned enterprises, COEs; and foreign-invested enterprises, FIEs) and trade mode (export processing and normal goods production) to analyze the energy efficiency advantage of FIEs in China in 2007. The results show that the total energy intensities of COEs in the industrial sector are generally 5%–35% higher than that of FIEs across industry groups. At an aggregate level, China could save up to 20.3% of its energy use, if industrial COEs could duplicate the energy use efficiency and production technology of FIEs. This gain would require major technology upgrades among COEs. - Highlights: • A new input–output table distinguishing firm ownership and trade mode is employed. • The foreign-invested enterprises are 5%–35% energy efficient than Chinese enterprises in 2007. • China could save 20.3% of energy use if industrial COEs could duplicate the technologies of FIEs

Electricity investments and development of power generation capacities: an approach of the drivers for investment choices in Europe regarding nuclear energy

International Nuclear Information System (INIS)

Shoai-Tehrani, Bianka

2014-01-01

In a context of growing energy prices and climate change mitigation, the thesis addresses the issues of investments in power generation capacities and in particular nuclear capacities. Given that the Generation IV of nuclear reactors is supposed to be ready in 2040 for industrial deployment, the purpose of the thesis is to study the conditions for electricity investments in France and Europe within this horizon, in order to assess development perspectives for nuclear energy and for potential emergence of Generation IV on the European market. To do so, it is necessary to study the mechanisms at stake in investment choices taking into account all power generating technologies. Economic theory usually bases the choice on long-term economic rationality, which does not allow explain the actual choices observed in European electricity mix. The objective of the research work is thus to identify investment choice drivers and to propose an approach describing the behavior of investors in a more realistic way. A multidisciplinary approach was adopted to explore the question. It combines a historical analysis of drivers evolution according to historical context, a structural analysis of these drivers to identify favorable scenarios for future nuclear reactors, a value creation approach to replicate investors' preferences in those scenarios, and last, a value option approach focusing on nuclear technologies and comparing competitiveness of Generation IV reactors with current reactors. As a result, only strong climate policy combined to government support to nuclear energy could allow industrial development of Generation IV, while high progress of renewables does not lessen the attractiveness of nuclear energy.On a international level, such analysis could be broaden by taking into account the drivers specific to each area of the world, such as highly growing demand in developing countries. (author)

Electricity investments and development of power generation capacities: An approach of the drivers for investment choices in Europe regarding nuclear energy

International Nuclear Information System (INIS)

Shoai-Tehrani, Bianka

2014-01-01

In a context of growing energy prices and climate change mitigation, the thesis addresses the issues of investments in power generation capacities and in particular nuclear capacities. Given that the Generation IV of nuclear reactors is supposed to be ready in 2040 for industrial deployment, the purpose of the thesis is to study the conditions for electricity investments in France and Europe within this horizon, in order to assess development perspectives for nuclear energy and for potential emergence of Generation IV on the European market. To do so, it is necessary to study the mechanisms at stake in investment choices taking into account all power generating technologies. Economic theory usually bases the choice on long-term economic rationality, which does not allow explain the actual choices observed in European electricity mix. The objective of the research work is thus to identify investment choice drivers and to propose an approach describing the behavior of investors in a more realistic way. A multidisciplinary approach was adopted to explore the question. It combines a historical analysis of drivers evolution according to historical context, a structural analysis of these drivers to identify favorable scenarios for future nuclear reactors, a value creation approach to replicate investors' preferences in those scenarios, and last, a value option approach focusing on nuclear technologies and comparing competitiveness of Generation IV reactors with current reactors. As a result, only strong climate policy combined to government support to nuclear energy could allow industrial development of Generation IV, while high progress of renewables does not lessen the attractiveness of nuclear energy. On a international level, such analysis could be broaden by taking into account the drivers specific to each area of the world, such as highly growing demand in developing countries. (author)

Point Climat no. 27 'Unlocking private investments in energy efficiency through carbon finance'

International Nuclear Information System (INIS)

Shishlov, Igor; Bellassen, Valentin

2013-01-01

Among the publications of CDC Climat Research, 'Climate Briefs' presents, in a few pages, hot topics in climate change policy. This issue addresses the following points: According to the latest IEA World Energy Outlook, energy efficiency is a 'key option' in transition to a low-carbon economy. A decade of experience with the CDM and JI demonstrates that carbon finance can be used as an effective tool to unlock private investments in energy efficiency. Capital investments in offset projects may significantly exceed the expected carbon revenues resulting in an average weighted leverage ratio of 4:1 and 9:1 for the CDM and JI respectively, which is comparable to other international financial instruments. So far carbon finance has been used mostly for large-scale industrial energy efficiency projects in advanced developing countries and economies in transition, although it is increasingly suited to tap into scattered household energy efficiency projects

Deliberation by the French Energy Regulatory Commission of 13 July 2017 relating to the report on the implementation of GRTgaz's investment programme for 2016 and approving its amended investment programme for 2017. Deliberation by the French Energy Regulatory Commission of 13 July 2017 concerning the report on the implementation of TIGF's investment programme for 2016 and approving its amended investment programme for 2017

International Nuclear Information System (INIS)

Carenco, Jean-Francois; Chauvet, Christine; Edwige, Catherine; Gassin, Helene; Lastelle, Jean-Laurent

2017-01-01

Pursuant to the provisions of 2 of Article L.134-3 and of II of Article L.431-6 of the French Energy code, gas transmission system operators (TSOs) must transmit their annual investment programmes to the French Energy Regulatory Commission (CRE) for approval. Within this framework, CRE 'ensures that the investments required for the proper development of the networks, and for transparent and non-discriminatory access to them are made'. With regard to the investment programme for the year 2016: - in the deliberation of 17 December 2015, CRE approved GRTgaz's and TIGF's investment programmes for 2016; - in the deliberation of 15 December 2016, CRE approved the update of GRTgaz's and TIGF's 2016 investment programmes, and requested the operators to present, for mid-2017, the definitive report on the implementation of their 2016 investment programme. With regard to the investment programme for the year 2017: - in the deliberation of 15 December 2016, CRE approved GRTgaz's and TIGF's 2017 investment programmes, and requested the operators to present, for mid-2017, a report on the implementation mid-year of the investment programme for the year 2017. On 31 May 2017, GRTgaz's and TIGF's forwarded their amended investment programme for 2017 and were interviewed by CRE's Board on 6 July 2017. GRTgaz's and TIGF's presented the differences observed between the investment levels approved and the actual investments made for 2016 on the one hand, and the updated forecasts for 2017 on the other hand

Derisking Renewable Energy Investment. A Framework to Support Policymakers in Selecting Public Instruments to Promote Renewable Energy Investment in Developing Countries

Energy Technology Data Exchange (ETDEWEB)

Waissbein, Oliver; Glemarec, Yannick; Bayraktar, Hande; Schmidt, Tobias S.

2013-03-15

This report introduces an innovative framework to assist policymakers to quantitatively compare the impact of different public instruments to promote renewable energy. The report identifies the need to reduce the high financing costs for renewable energy in developing countries as an important task for policymakers acting today. The framework is structured in four stages: (i) risk environment, (ii) public instruments, (iii) levelised cost and (iv) evaluation. To illustrate how the framework can support decision-making in practice, the report presents findings from illustrative case studies in four developing countries. It then draws on these results to discuss possible directions for enhancing public interventions to scale-up renewable energy investment. UNDP is also releasing a financial tool for policymakers to accompany the framework. The financial tool is available for download on the UNDP website.

78 FR 8500 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2013-02-06

... DEPARTMENT OF ENERGY Office of Energy Efficiency and Renewable Energy Biomass Research and... Biomass Research and Development Technical Advisory Committee. The Federal Advisory Committee Act (Pub. L... fuels and biobased products. Tentative Agenda: Agenda will include the following: Update on USDA Biomass...

78 FR 46331 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2013-07-31

... DEPARTMENT OF ENERGY Biomass Research and Development Technical Advisory Committee AGENCY: Energy.... Appointments to the Biomass Research and Development Technical Advisory Committee will be made by the Secretary... Energy is soliciting nominations for candidates to fill vacancies on the Biomass Research and Development...

Input price risk and optimal timing of energy investment: choice between fossil- and biofuels

Energy Technology Data Exchange (ETDEWEB)

Murto, Pauli; Nese, Gjermund

2002-05-01

We consider energy investment, when a choice has to be made between fossil fuel and biomass fired production technologies. A dynamic model is presented to illustrate the effect of the different degrees of input price uncertainty on the choice of technology and the timing of the investment. It is shown that when the choice of technology is irreversible, it may be optimal to postpone the investment even if it would otherwise be optimal to invest in one or both of the plant types. We provide a numerical example based on cost, estimates of two different power plant types. (author)

Input price risk and optimal timing of energy investment: choice between fossil- and biofuels

International Nuclear Information System (INIS)

Murto, Pauli; Nese, Gjermund

2002-01-01

We consider energy investment, when a choice has to be made between fossil fuel and biomass fired production technologies. A dynamic model is presented to illustrate the effect of the different degrees of input price uncertainty on the choice of technology and the timing of the investment. It is shown that when the choice of technology is irreversible, it may be optimal to postpone the investment even if it would otherwise be optimal to invest in one or both of the plant types. We provide a numerical example based on cost, estimates of two different power plant types. (author)

What are community energy companies trying to accomplish? An empirical investigation of investment motives in the German case

International Nuclear Information System (INIS)

Holstenkamp, Lars; Kahla, Franziska

2016-01-01

Community energy has become an increasingly important issue in academia and in energy policy circles worldwide. Citizens jointly investing in and operating renewable energy installations have played an essential role in countries such as Germany or Denmark. Building on and extending previous studies, we collect survey data on investment motives for a stratified random sample of German community energy companies. Structural variables are selected using a socio-ecological-technical systems framework. This study aims to identify differences within the community energy sector to better understand investment behaviour and the effects of policy changes. Despite the small sample coverage at the individual member level, the preliminary results of this study suggest that, first, community energy forms a specific type of social investment and that, second, there are significant differences between community energy companies, especially regarding the assessment of the return motive. This motive plays a more prominent role in limited partnerships than in cooperatives and for community wind than for companies focusing on solar or biomass. While these and other factors are highly interrelated, our data indicate that the social setting and geographical and climatic conditions are the critical ones here. These findings may guide further research. - Highlights: • Community energy companies form a specific part of the impact investment sector. • Differences in the valuation of investments exist mainly regarding the return motive. • There are significant differences between North vs South and cooperatives vs LPs. • The return motive plays a higher role for community energy founded 2009–2011. • These differences have to be taken into account when assessing policy changes.

Foreign Direct Investments in Central Asian Energy: A CGE Model

Directory of Open Access Journals (Sweden)

Michael P. BARRY

2009-05-01

Full Text Available Turkmenistan, Uzbekistan, and Kazakhstan have adopted significant legislative changes since the fall of the former Soviet Union in an effort to attract foreign direct investment into their energy sectors. Of the three republics, Kazakhstan has been the most successful in attracting foreign interest, but all three republics face significant challenges in further development of oil and gas infrastructure. Even if these countries are completely successful in bringing in foreign investment, a question will remain: who wins and who loses in these countries. Using updated data, this paper will use a computable general equilibrium model to measure the effects of FDI into Central Asia. Results of the model suggest that the region would be better off overall from foreign investment in its natural gas sector, due mostly to improvements in overall production efficiency and its overall terms of trade. However, the gain in the natural gas sector would come at the expense of production and net exports of non-petroleum related industries.

Energy conservation assessment of fixed-asset investment projects: An attempt to improve energy efficiency in China

International Nuclear Information System (INIS)

Hu Yuan

2012-01-01

Fast economic growth in China has generated energy and environmental problems. Fixed-asset investments have contributed significantly to energy consumption. In China, an energy conservation assessment (ECA), a mechanism similar to the existing environmental impact assessment (EIA), has been applied to improve the energy efficiency of new fixed-asset investment projects. In this paper the origin and development of the ECA system is analyzed and the major features of ECA are discussed. To identify the success and failure of the ECA system, case studies are analyzed and comparison between ECA and EIA, which has been used in China for over 30 years, is made. Based on the analysis, recommendations are provided for the improvement of the ECA system in China. Despite the ECA system only being established for a relatively short time, it has clearly achieved significant success. With further efforts it could play an important role in achieving the goals of improving China’s energy efficiency and reducing green house gas emissions. - Highlights: ► We examine origin and development of energy conservation assessment (ECA) in China. ► ECA has great potential in energy efficiency improvement and GHGs reduction. ► Compared with EIA, ECA is still in its early stages. More efforts are needed. ► Improvements of legal system, assessment procedure, etc. are essential for next step.

WHY IS IT REASONABLE TO INVEST IN RENEWABLE ENERGY IN UKRAINE?

OpenAIRE

Yuliia Bashynska

2015-01-01

The purpose of the paper is to present the current status of renewable energy development in Ukraine and to highlight the main advantages of investing in renewables in Ukraine. The purpose is also to reveal the biggest renewable energy installations in Ukraine. The paper displays the main financial initiatives of several international organizations and world economic leaders that have already announced plans to aid Ukraine’s transition to renewable energy. Methology. The survey is based on an...

Returns on investments in energy-saving technologies under energy price uncertainty in Dutch greenhouse horticulture

NARCIS (Netherlands)

Diederen, P.J.M.; Tongeren, van F.W.; Veen, van der H.B.

2003-01-01

Conventional net present value calculations evaluating the profitability of investments in energy-saving technologies in Dutch horticultural outlays predict a much higher rate of adoption of these technologies than is actually observed. This paper tries to explain this gap by applying a real options

Societal and environmental impact of high energy return on investment (EROI) energy access

DEFF Research Database (Denmark)

Atlason, Reynir Smari; Unnthorsson, Runar

2018-01-01

The Icelandic society is conveniently located where the Eurasian and North-American tectonic plates meet. This allows for relatively easy and cheap access to geothermal energy. Icelanders have benefited from this since settlement, first through direct use of the warm water but later on by co......-producing electricity. The nation also benefits from large glacial rivers, offering potential for energy harvesting. This chapter demonstrates the environmental benefits from utilising renewable energy, using Iceland as a case study. This is demonstrated by exploring the energy return on investment (EROI......) for the Nesjavellir geothermal and Fljotsdalsstod hydro power plant and the CO2 mitigation provided by the resources as the Icelandic society no longer needs to rely on fossil fuels for electricity and heating. This chapter demonstrates systematically how societies may benefit ecologically but also energetically from...

To invest efficiently for a successful energy transition

International Nuclear Information System (INIS)

Beutier, Didier

2017-01-01

As the primary objective of any energy policy is now to reduce carbon dioxide emissions, i.e. to reduce the consumption of all carbonated fuels (coal, oil, gas) in all sectors, and to substitute them with electricity produced from nuclear and renewable sources, and all this under a double constraint (that of consumers, and that of public finances), this article aims at discussing whether the French policy defined by the law on energy transition for a green growth is able to face and meet these priorities. The author outlines that the struggle against greenhouse gas emissions in France mainly concerns the transport and heating sectors. He discusses drawbacks associated with a transition mainly focussed on electric power generation by wind and solar energy: these drawbacks concern the required and actual production level, necessary high investments, and the protection of the environment. He proposes four areas of development for a successful transition: electric transport, energy storage, power-to-gas conversion, and housing thermal insulation

Introduction to Special Issue on New Studies in EROI (Energy Return on Investment

Directory of Open Access Journals (Sweden)

Charles A.S. Hall

2011-10-01

Full Text Available Energy Return on Investment (EROI refers to how much energy is returned from one unit of energy invested in an energy-producing activity. It is a critical parameter for understanding and ranking different fuels. There were a number of studies on EROI three decades ago but relatively little work since. Now there is a whole new interest in EROI as fuels get increasingly expensive and as we attempt to weigh alternative energies against traditional ones. This special volume brings together a whole series of high quality new studies on EROI, as well as many papers that struggle with the meaning of changing EROI and its impact on our economy. One overall conclusion is that the quality of fuels is at least as important in our assessment as is the quantity. I argue that many of the contemporary changes in our economy are related directly to changing EROI as our premium fuels are increasingly depleted.

Energy Research Advisory Board, Civilian Nuclear Power Panel: Subpanel 1 report, Light water reactor utilization and improvement: Volume 2

International Nuclear Information System (INIS)

1986-10-01

The Secretary of Energy requested that the Office of Nuclear Energy prepare a strategic national plan that outlines the Department's role in the future development of civilian nuclear power and that the Energy Research Advisory Board establish an ad hoc panel to review and comment on this plan. The Energy Research Advisory Board formed a panel for this review and three subpanels were formed. One subpanel was formed to address the institutional issues surrounding nuclear power, one on research and development for advanced nuclear power plants and a third subpanel on light water reactor utilization and improvement. The subpanel on light water reactors held two meetings at which representatives of the DOE, the NRC, EPRI, industry and academic groups made presentations. This is the report of the subpanel on light water reactor utilization and improvement. This report presents the subpanel's assessment of initiatives which the Department of Energy should undertake in the national interest, to develop and support light water reactor technologies

A feasibility study on a wind energy investment fund

International Nuclear Information System (INIS)

Mitchell, R.; Vassall-Adams, G.; Lynch, M.; Coates, S.; Willcox, S.

1994-01-01

This study seeks to overcome an obstacle to greater use of wind energy in Britain - the difficulties experienced by developers of small wind farms in raising finance for their projects. This need for capital has provided the impetus for this investigation into the possibility of wind funds, which would enable investors to invest in wind energy and provide developers of small wind farms with the financial backing they need. The contents of this report reflect the issues which would be of interest to an organisation wishing to establish a wind fund. These include the environmental concerns which have spurred the development of sustainable energy technologies, the role of government in establishing the framework for wind energy generation in Britain and public concern about the impact of wind farms. (author)

Economic and environmental impacts of community-based residential building energy efficiency investment

International Nuclear Information System (INIS)

Choi, Jun-Ki; Morrison, Drew; Hallinan, Kevin P.; Brecha, Robert J.

2014-01-01

A systematic framework for evaluating the local economic and environmental impacts of investment in building energy efficiency is developed. Historical residential building energy data, community-wide economic input–output data, and emission intensity data are utilized. The aim of this study is to show the comprehensive insights and connection among achieving variable target reductions for a residential building energy use, economic and environmental impacts. Central to this approach for the building energy reduction goal is the creation of individual energy models for each building based upon historical energy data and available building data. From these models, savings estimates and cost implications can be estimated for various conservation measures. A ‘worst to first’ (WF) energy efficient investment strategy is adopted to optimize the level of various direct, indirect, and induced economic impacts on the local community. This evaluation helps to illumine opportunities to establish specific energy reduction targets having greatest economic impact in the community. From an environmental perspective, short term economy-wide CO 2 emissions increase because of the increased community-wide economic activities spurred by the production and installation of energy efficiency measures, however the resulting energy savings provide continuous CO 2 reduction for various target savings. - Highlights: • WF energy efficient strategy helps to optimize various level of economic impacts. • Greatest community benefits are achieved from specific energy reduction targets. • Community-wide economic impacts vary for different energy conservation measures

Review of the Fusion Theory and Computing Program. Fusion Energy Sciences Advisory Committee (FESAC)

International Nuclear Information System (INIS)

Antonsen, Thomas M.; Berry, Lee A.; Brown, Michael R.; Dahlburg, Jill P.; Davidson, Ronald C.; Greenwald, Martin; Hegna, Chris C.; McCurdy, William; Newman, David E.; Pellegrini, Claudio; Phillips, Cynthia K.; Post, Douglass E.; Rosenbluth, Marshall N.; Sheffield, John; Simonen, Thomas C.; Van Dam, James

2001-01-01

At the November 14-15, 2000, meeting of the Fusion Energy Sciences Advisory Committee, a Panel was set up to address questions about the Theory and Computing program, posed in a charge from the Office of Fusion Energy Sciences (see Appendix A). This area was of theory and computing/simulations had been considered in the FESAC Knoxville meeting of 1999 and in the deliberations of the Integrated Program Planning Activity (IPPA) in 2000. A National Research Council committee provided a detailed review of the scientific quality of the fusion energy sciences program, including theory and computing, in 2000.

Improving Energy Efficiency Through Technology. Trends, Investment Behaviour and Policy Design

Energy Technology Data Exchange (ETDEWEB)

Florax, R.J.G.M. [Purdue University, West Lafayette, IN (United States); De Groot, H.L.F. [VU University, Amsterdam (Netherlands); Mulder, P. [Tinbergen Institute, Amsterdam (Netherlands)] (eds.)

2011-10-15

This innovative book explores the adoption of energy-saving technologies and their impact on energy efficiency improvements. It contains a mix of theoretical and empirical contributions, and combines and compares economic and physical indicators to monitor and analyse trends in energy efficiency. The authors pay considerable attention to empirical research on the determinants of energy-saving investment including uncertainty, energy-price volatility and subsidies. They also discuss the role of energy modelling in policy design and the potential effect of energy policies on technology diffusion in energy-extensive sectors. Written from a multi-disciplinary perspective, this book will appeal to academics and graduates in the areas of energy-saving technologies, energy economics and natural resource economics, as well as policy makers - particularly those in energy policy.

The Investment Environment for Renewable Energy Development in Lithuania: The Electricity Sector

Directory of Open Access Journals (Sweden)

Milčiuvienė Saulė

2014-06-01

Full Text Available The article analyzes the investment environment in renewable electricity generation capacities, evaluating the credibility of long term renewable energy targets, the stability of promotion schemes and the impartiality of national administrative procedure. The article explores two main questions: (i are the EU and Lithuanian energy policy targets and promotion schemes credible enough to convince private investors to put their money in renewable energy development; (ii does national administrative procedure put a disproportional burden on renewable energy investors or on certain group of investors? The assessment of the investment environment includes a large number of criteria, but we analyze three of them: the stability of long term strategy; the attractiveness of promotionmeasures; and the simplicity and transparency of administrative procedure. Two further criteria are investigated: the stability of targets in renewable energy and the stability of promotional measures. The greatest uncertainty for investors occurs because of constantly changing support schemes of renewable energy sources-schemes that are not harmonized among the member States. At the national level the main driver in the development of small generators is the feed-in tariff. However, the high feed-in tariff does not always guarantee the smooth development of small scale generators of renewable energy.

76 FR 57981 - Environmental Management Site-Specific Advisory Board, Portsmouth

Science.gov (United States)

2011-09-19

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Portsmouth AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Portsmouth. The Federal Advisory Committee Act... environmental restoration, waste management and related activities. Tentative Agenda Call to Order...

77 FR 2283 - Environmental Management Site-Specific Advisory Board, Portsmouth

Science.gov (United States)

2012-01-17

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Portsmouth AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Portsmouth. The Federal Advisory Committee Act... environmental restoration, waste management and related activities. Tentative Agenda Call to Order...

76 FR 36100 - Environmental Management Site-Specific Advisory Board, Portsmouth

Science.gov (United States)

2011-06-21

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Portsmouth AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Portsmouth. The Federal Advisory Committee Act... environmental restoration, waste management and related activities. Tentative Agenda Call to Order...

77 FR 29997 - Environmental Management Site-Specific Advisory Board, Portsmouth

Science.gov (United States)

2012-05-21

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Portsmouth AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Portsmouth. The Federal Advisory Committee Act... environmental restoration, waste management and related activities. Tentative Agenda Call to Order...

77 FR 37390 - Environmental Management Site-Specific Advisory Board, Portsmouth

Science.gov (United States)

2012-06-21

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Portsmouth AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Portsmouth. The Federal Advisory Committee Act... environmental restoration, waste management and related activities. Tentative Agenda: Call to Order...

76 FR 78909 - Environmental Management Site-Specific Advisory Board, Portsmouth

Science.gov (United States)

2011-12-20

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Portsmouth AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Portsmouth. The Federal Advisory Committee Act... the areas of environmental restoration, waste management, and related activities. Tentative Agenda...

77 FR 6790 - Environmental Management Site-Specific Advisory Board, Portsmouth

Science.gov (United States)

2012-02-09

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Portsmouth AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Portsmouth. The Federal Advisory Committee Act... environmental restoration, waste management and related activities. Tentative Agenda Call to Order...

75 FR 51026 - Environmental Management Site-Specific Advisory Board, Portsmouth

Science.gov (United States)

2010-08-18

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Portsmouth AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Portsmouth. The Federal Advisory Committee Act... the areas of environmental restoration, waste management and related activities. Tentative Agenda...

Industrial energy efficiency: the need for investment decision support from a manager perspective

International Nuclear Information System (INIS)

Sandberg, Peter; Soederstroem, Mats

2003-01-01

Global competition, commitment to the Kyoto Protocol and a deregulated, integrated European electricity market will in all probability increase the demand for energy efficiency on the part of companies in Sweden. Investment decisions are an important part of meeting the new demands, because they decide the future efficiency of industrial energy systems. The objective of this study is to investigate, from a managerial perspective, the need to improve decision support in some industries, which can help to facilitate and improve investment decisions concerning energy efficiency. This work has been conducted through in-depth interviews with representatives for a number of energy-intensive companies and non-energy-intensive companies from different sectors. One need that was identified was the improvement of working methods in order to support the decision-making process. Here, external players seem to be playing an increasingly important role. Access to correct information, better follow-up activities, and transparent, understandable calculations are also considered to be important. The study will form the foundation for subsequent work on decision support and energy efficiency in industry

75 FR 7577 - Environmental Management Site-Specific Advisory Board, Portsmouth

Science.gov (United States)

2010-02-22

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Portsmouth AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Portsmouth. The Federal Advisory Committee Act... areas of environmental restoration, waste management and related activities. Tentative Agenda: Call to...

75 FR 65615 - Environmental Management Site-Specific Advisory Board, Portsmouth

Science.gov (United States)

2010-10-26

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Portsmouth AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Portsmouth. The Federal Advisory Committee Act... areas of environmental restoration, waste management and related activities. Tentative Agenda Call to...

76 FR 17118 - Environmental Management Site-Specific Advisory Board Chairs

Science.gov (United States)

2011-03-28

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board Chairs AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB) Chairs. The Federal Advisory Committee Act (Pub... areas of environmental restoration, waste management, and related activities. Tentative Agenda Topics...

76 FR 62054 - Environmental Management Site-Specific Advisory Board Chairs

Science.gov (United States)

2011-10-06

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board Chairs AGENCY... of the Environmental Management Site-Specific Advisory Board (EM SSAB) Chairs. The Federal Advisory... environmental restoration, waste management, and related activities. Tentative Agenda Topics [cir] EM Program...

75 FR 82003 - Environmental Management Site-Specific Advisory Board, Portsmouth

Science.gov (United States)

2010-12-29

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Portsmouth AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Portsmouth. The Federal Advisory Committee Act... areas of environmental restoration, waste management and related activities. Tentative Agenda: Call to...

75 FR 19379 - Environmental Management Site-Specific Advisory Board, Portsmouth

Science.gov (United States)

2010-04-14

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Portsmouth AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Portsmouth. The Federal Advisory Committee Act... areas of environmental restoration, waste management and related activities. Tentative Agenda Call to...

77 FR 51789 - Environmental Management Site-Specific Advisory Board, Paducah

Science.gov (United States)

2012-08-27

... management and related activities. Tentative Agenda Call to Order, Introductions, Review of Agenda... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Paducah AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act...

Local investment in renewable energies; Investissement local dans les energies renouvelables - depliant d'information

Energy Technology Data Exchange (ETDEWEB)

NONE

2003-11-01

Although the vast majority of renewable energies projects are established by commercial developers, some of them are financed by ''ordinary citizens'' pooling together through different schemes. This is particularly frequent in Denmark and Germany, possibly a key reason for the continuous and so successful growth of various renewable energies sources in these countries. This guideline aims to define the term of local investment and provides examples of development and recommendations. (A.L.B.)

Assessing the economic value of co-optimized grid-scale energy storage investments in supporting high renewable portfolio standards

International Nuclear Information System (INIS)

Go, Roderick S.; Munoz, Francisco D.; Watson, Jean-Paul

2016-01-01

Highlights: • We present a MILP to co-optimize generation, transmission, and storage investments. • We find significant value in co-optimized storage via investment deferrals. • Operational savings from bulk services are small relative to investment deferrals. • Co-optimized energy storage significantly reduces prices associated with RPS. - Abstract: Worldwide, environmental regulations such as Renewable Portfolio Standards (RPSs) are being broadly adopted to promote renewable energy investments. With corresponding increases in renewable energy deployments, there is growing interest in grid-scale energy storage systems (ESS) to provide the flexibility needed to efficiently deliver renewable power to consumers. Our contribution in this paper is to introduce a unified generation, transmission, and bulk ESS expansion planning model subject to an RPS constraint, formulated as a two-stage stochastic mixed-integer linear program (MILP) optimization model, which we then use to study the impact of co-optimization and evaluate the economic interaction between investments in these three asset classes in achieving high renewable penetrations. We present numerical case studies using the 24-bus IEEE RTS-96 test system considering wind and solar as available renewable energy resources, and demonstrate that up to $180 million/yr in total cost savings can result from the co-optimization of all three assets, relative to a situation in which no ESS investment options are available. Surprisingly, we find that co-optimized bulk ESS investments provide significant economic value through investment deferrals in transmission and generation capacity, but very little savings in operational cost. Finally, we observe that planning transmission and generation infrastructure first and later optimizing ESS investments—as is common in industry—captures at most 1.7% ($3 million/yr) of the savings that result from co-optimizing all assets simultaneously.

State-investor disputes connected to foreign investments in the nuclear energy sector: A review of the two cases arising under the energy charter treaty

Directory of Open Access Journals (Sweden)

Stanivuković Maja

2011-01-01

Full Text Available The idea of foreign investments in nuclear energy sector is relatively new. Foreign investors were for a long time denied an opportunity to invest in the sector which was considered to be too sensitive for reasons of safety and security. Together with the change of an attitude towards foreign private investment in this area a possibility of disputes between foreign investors and the host State also emerged. The Energy Charter Treaty represents the only currently existing comprehensive legal instrument of multilateral character which specifically provides for protection of foreign investments in the energy sector against non-commercial risks and establishes a mechanism for resolution of investment disputes. The article contains a review of the cases of HEP v. Slovenia and AMTO v. Ukraine, the only two arbitrations that have arisen so far under the ECT from disputes concerning foreign investments in the nuclear sector. Their analysis shows that the involvement of State in this sector is indispensable but it should be exercised with respect for rights of investors protected by international law. Regulatory measures introduced by the State to protect certain important interest, such as public health, safety, security or the environment, may be perceived by the investor as having equivalent effect to expropriation. Regulatory uncertainty is considered to be one of the main deterrents to investment in new nuclear plants.

Providing investment attractiveness of renewal and development of fixed assets in the energy sector

Directory of Open Access Journals (Sweden)

Evgeniy Anatolyevich Malyshev

2013-09-01

Full Text Available The purpose of research is a comparative analysis of economic mechanisms for the realization of investment projects for new construction and modernization power generation capacity in the energy sector and their effect on private investment. In this connection, planned and actual volumes of generating capacity, particular features of the industry, causing investment attractiveness are discussed. The necessity of using, and a comparison of primary economic mechanisms in order to guarantee the return of investments in the new construction and modernization of power generation capacity is shown. The method of calculating the tariff under the agreement of supply power capacity is analyzed. The study proved that the presence of an effective working mechanism of return on investment is a key element influencing the investment in new construction and modernization of power generation capacity. Also, it is shown that with the end of using agreement of supply power capacity, industry will face a significant reduction in investment. In this connection, it is recommended to speed up the formation of long-term capacity market, which involves the application of new investment incentives in the industry. The research results can be applied by investment banks, and other stakeholders as a methodological apparatus assessing investment and whether to participate in their financing.

75 FR 6018 - Environmental Management Site-Specific Advisory Board, Hanford

Science.gov (United States)

2010-02-05

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Hanford AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Hanford (known locally as the Hanford Advisory... and site management in the areas of environmental restoration, waste management, and related...

76 FR 5147 - Environmental Management Site-Specific Advisory Board, Paducah

Science.gov (United States)

2011-01-28

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Paducah AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management and...

77 FR 59598 - Environmental Management Site-Specific Advisory Board, Paducah

Science.gov (United States)

2012-09-28

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Paducah AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management and...

75 FR 13269 - Environmental Management Site-Specific Advisory Board, Hanford

Science.gov (United States)

2010-03-19

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Hanford AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Hanford. The Federal Advisory Committee Act... is to make recommendations to DOE-EM and site management in the areas of environmental restoration...

75 FR 54600 - Environmental Management Site-Specific Advisory Board, Paducah

Science.gov (United States)

2010-09-08

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Paducah AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management and...

75 FR 66074 - Environmental Management Site-Specific Advisory Board, Paducah

Science.gov (United States)

2010-10-27

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Paducah AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management and...

75 FR 8050 - Environmental Management Site-Specific Advisory Board, Hanford

Science.gov (United States)

2010-02-23

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Hanford AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Hanford. The Federal Advisory Committee Act... is to make recommendations to DOE-EM and site management in the areas of environmental restoration...

75 FR 24686 - Environmental Management Site-Specific Advisory Board, Paducah

Science.gov (United States)

2010-05-05

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Paducah AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management and...

76 FR 80355 - Environmental Management Site-Specific Advisory Board, Paducah

Science.gov (United States)

2011-12-23

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Paducah AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act... make recommendations to DOE-EM and site management in the areas of environmental restoration, waste...

75 FR 9404 - Environmental Management Site-Specific Advisory Board, Paducah

Science.gov (United States)

2010-03-02

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Paducah AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management and...

77 FR 43583 - Environmental Management Site-Specific Advisory Board, Paducah

Science.gov (United States)

2012-07-25

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Paducah AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management and...

75 FR 61711 - Environmental Management Site-Specific Advisory Board, Paducah

Science.gov (United States)

2010-10-06

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Paducah AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management and...

75 FR 82002 - Environmental Management Site-Specific Advisory Board, Paducah

Science.gov (United States)

2010-12-29

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Paducah AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management and...

76 FR 61350 - Environmental Management Site-Specific Advisory Board, Paducah

Science.gov (United States)

2011-10-04

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Paducah AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act... make recommendations to DOE-EM and site management in the areas of environmental restoration, waste...

76 FR 4645 - Environmental Management Site-Specific Advisory Board, Hanford

Science.gov (United States)

2011-01-26

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Hanford AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Hanford. The Federal Advisory Committee Act... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management, and...

76 FR 48148 - Environmental Management Site-Specific Advisory Board, Paducah

Science.gov (United States)

2011-08-08

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Paducah AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management and...

75 FR 30804 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2010-06-02

... DEPARTMENT OF ENERGY Biomass Research and Development Technical Advisory Committee AGENCY.... SUMMARY: This notice announces an open meeting of the Biomass Research and Development Technical Advisory... public are welcome to observe the business of the Biomass Research and Development Technical Advisory...

75 FR 11526 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2010-03-11

... DEPARTMENT OF ENERGY Biomass Research and Development Technical Advisory Committee AGENCY.... SUMMARY: This notice announces an open meeting of the Biomass Research and Development Technical Advisory... public are welcome to observe the business of the Biomass Research and Development Technical Advisory...

75 FR 74026 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2010-11-30

... DEPARTMENT OF ENERGY Biomass Research and Development Technical Advisory Committee AGENCY.... SUMMARY: This notice announces an open meeting of the Biomass Research and Development Technical Advisory... participation. This notice announces the meeting of the Biomass Research and Development Technical Advisory...

Structure of financing investments in the energy sector

OpenAIRE

Kowal Barbara; Ranosz Robert; Sobczyk Wiktoria

2017-01-01

The purpose of this article is to discuss the issues of financing investments in the fuel and energy sector. The manner of financing business activities of every company depends on the decisions made by the management board, which need to take into consideration the effective striving for optimal level of the capital cost. The capital raised by the companies from the aforesaid sector may be in the form of equity or outside capital. This study depicts such sources of capital as bank loans a...

An Optimization Framework for Investment Evaluation of Complex Renewable Energy Systems

Directory of Open Access Journals (Sweden)

David Olave-Rojas

2017-07-01

Full Text Available Enhancing the role of renewable energies in existing power systems is one of the most crucial challenges that society faces today. However, the high variability of their generation potential and the temporal disparity between the demand and the generation potential represent technological and operational gaps that burden the massive incorporation of renewable sources into power systems. Energy storage technologies are an alternative to tackle this gap; nonetheless, their incorporation within large-scale power grids calls for decision-making tools that ensure an appropriate design and sizing of power systems that exploit the benefits of incorporating storage facilities along with renewable generation power. In this paper, we present an optimization framework for aiding the evaluation of the strategic design of complex renewable power systems. The developed tool relies on an optimization problem, the generation, transmission, storage energy location and sizing problem, which allows one to compute economically-attractive investment plans given by the location and sizing of generation and storage energy systems, along with the corresponding layout of transmission lines. Results on a real case study (located in the central region of Chile, characterized by carefully-curated data, show the potential of the developed tool for aiding long-term investment planning.

Transit investments for greenhouse gas and energy reduction program : second assessment report.

Science.gov (United States)

2014-08-01

This report is the second assessment of the U.S. Department of Transportation, Federal Transit Administrations Transit Investments for : Greenhouse Gas and Energy Reduction (TIGGER) Program. The TIGGER Program provides capital funds to transit age...

75 FR 65310 - Environmental Management Site-Specific Advisory Board, Nevada

Science.gov (United States)

2010-10-22

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Nevada AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Nevada Test Site. The Federal Advisory... Board is to make recommendations to DOE-EM and site management in the areas of environmental restoration...

75 FR 82004 - Environmental Management Site-Specific Advisory Board, Nevada

Science.gov (United States)

2010-12-29

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Nevada AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Nevada. The Federal Advisory Committee Act (Pub... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management, and...

77 FR 4027 - Environmental Management Site-Specific Advisory Board, Nevada

Science.gov (United States)

2012-01-26

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Nevada AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Nevada. The Federal Advisory Committee Act (Pub... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management, and...

76 FR 80354 - Environmental Management Site-Specific Advisory Board, Nevada

Science.gov (United States)

2011-12-23

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Nevada AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Nevada. The Federal Advisory Committee Act (Pub... recommendations to DOE-EM and site management in the areas of environmental restoration, waste management, and...

77 FR 12044 - Environmental Management Site-Specific Advisory Board, Nevada

Science.gov (United States)

2012-02-28

... DEPARTMENT OF ENERGY Environmental Management Site-Specific Advisory Board, Nevada AGENCY... Environmental Management Site-Specific Advisory Board (EM SSAB), Nevada. The Federal Advisory Committee Act (Pub... Board is to make recommendations to DOE-EM and site management in the areas of environmental restoration...

75 FR 56525 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2010-09-16

... DEPARTMENT OF ENERGY Biomass Research and Development Technical Advisory Committee AGENCY.... SUMMARY: This notice announces an open meeting of the Biomass Research and Development Technical Advisory... business of the Biomass Research and Development Technical Advisory Committee. To attend the meeting and/or...

77 FR 6791 - Biomass Research and Development Technical Advisory Committee

Science.gov (United States)

2012-02-09

... DEPARTMENT OF ENERGY Biomass Research and Development Technical Advisory Committee AGENCY: Energy... announces an open meeting of the Biomass Research and Development Technical Advisory Committee. The Federal... leading to the production of biobased fuels and biobased products. Tentative Agenda Update on USDA Biomass...

Assessment of energy return on energy investment (EROEI of oil bearing crops for renewable fuel production

Directory of Open Access Journals (Sweden)

A. Restuccia

2013-09-01

Full Text Available As reported in literature the production of biodiesel should lead to a lower energy consumption than those obtainable with its use. So, to justify its consumption, a sustainable and “low input” production should be carried out. In order to assess the sustainability of Linum usitatissimum, Camelina sativa and Brassica carinata cultivation for biodiesel production in terms of energy used compared to that obtained, the index EROEI (Energy Return On Energy Invested has been used. At this aim, an experimental field was realised in the south-eastern Sicilian land. During the autumn-winter crop cycle, no irrigation was carried out and some suitable agricultural practices have been carried out taking into account the peculiarity of each type of used seeds. The total energy consumed for the cultivation of oil bearing crops from sowing to the production of biodiesel represents the Input of the process. In particular, this concerned the energy embodied in machinery and tools utilized, in seed, chemical fertilizer and herbicide but also the energy embodied in diesel fuels and lubricant oils. In addition, the energy consumption relating to machines and reagents required for the processes of extraction and transesterification of the vegetable oil into biodiesel have been calculated for each crops. The energy obtainable from biodiesel production, taking into account the energy used for seed pressing and for vegetable oil transesterification into biodiesel, represents the Output of the process. The ratio Output/Input gets the EROEI index which in the case of Camelina sativa and Linum usatissimum is greater than one. These results show that the cultivation of these crops for biofuels production is convenient in terms of energy return on energy investment. The EROEI index for Brassica carinata is lower than one. This could means that some factors, concerning mechanisation and climatic

Innovation, renewable energy, and state investment: Case studies of leading clean energy funds

Energy Technology Data Exchange (ETDEWEB)

Wiser, Ryan; Bolinger, Mark; Milford, Lewis; Porter, Kevin; Clark, Roger

2002-09-01

Over the last several years, many U.S. states have established clean energy funds to help support the growth of renewable energy markets. Most often funded by system-benefits charges (SBC), the 15 states that have established such funds are slated to collect nearly $3.5 billion from 1998 to 2012 for renewable energy investments. These clean energy funds are expected to have a sizable impact on the energy future of the states in which the funds are being collected and used. For many of the organizations tapped to administer these funds, however, this is a relatively new role that presents the challenge of using public funds in the most effective and innovative fashion possible. Fortunately, each state is not alone in its efforts; many other U.S. states and a number of countries are undertaking similar efforts. Early lessons are beginning to be learned by clean energy funds about how to effectively target public funds towards creating and building renewable energy markets. A number of innovative programs have already been developed that show significant leadership by U.S. states in supporting renewable energy. It is important that clean energy fund administrators learn from this emerging experience.

Energy intensities, EROIs (energy returned on invested), and energy payback times of electricity generating power plants

International Nuclear Information System (INIS)

Weißbach, D.; Ruprecht, G.; Huke, A.; Czerski, K.; Gottlieb, S.; Hussein, A.

2013-01-01

The energy returned on invested, EROI, has been evaluated for typical power plants representing wind energy, photovoltaics, solar thermal, hydro, natural gas, biogas, coal and nuclear power. The strict exergy concept with no “primary energy weighting”, updated material databases, and updated technical procedures make it possible to directly compare the overall efficiency of those power plants on a uniform mathematical and physical basis. Pump storage systems, needed for solar and wind energy, have been included in the EROI so that the efficiency can be compared with an “unbuffered” scenario. The results show that nuclear, hydro, coal, and natural gas power systems (in this order) are one order of magnitude more effective than photovoltaics and wind power. - Highlights: ► Nuclear, “renewable” and fossil energy are comparable on a uniform physical basis. ► Energy storage is considered for the calculation, reducing the ERoEI remarkably. ► All power systems generate more energy than they consume. ► Photovoltaics, biomass and wind (buffered) are below the economical threshold

10 CFR 1.18 - Advisory Committee on Nuclear Waste.

Science.gov (United States)

2010-01-01

... 10 Energy 1 2010-01-01 2010-01-01 false Advisory Committee on Nuclear Waste. 1.18 Section 1.18... Panels, Boards, and Committees § 1.18 Advisory Committee on Nuclear Waste. The Advisory Committee on Nuclear Waste (ACNW) provides advice to the Commission on all aspects of nuclear waste management, as...

Chinese investments in Southern Europe's energy sectors: Similarities and divergences in China's strategies in Greece, Italy, Portugal and Spain

International Nuclear Information System (INIS)

Pareja-Alcaraz, Pablo

2017-01-01

China's Foreign Direct Investment in Europe has experienced a significant surge over the last decade. Southern European countries have not missed out on this trend and have gradually consolidated as important recipients of Chinese investments. This has allowed them to accumulate 23.5% of all Chinese FDI to Europe between 2000 and 2014 (10.8 billion Euro). The energy sectors of all four countries have been primary beneficiaries. Chinese entities have carried out impressive acquisitions in the Italian and Portuguese energy markets. In contrast, their presence in the Greek and Spanish energy markets has been discrete. In parallel, the penetration of Chinese investments in Italy and Spain's subsectors of renewable energies has been more prominent than in the Greek and the Portuguese ones. The former two countries have received significant investments in solar-related greenfield projects, whereas the latter have mostly benefited from operations in wind-related ones. The influence of Chinese ergy policies and promoting foreignntities has had an impact on the markets of all four countries. This trend is not consolidated. Data suggests that Chinese investments have been highly opportunistic. Athens, Rome, Lisbon and Madrid should see China's penetration in their markets as a mix bag of opportunities and challenges that demands better informed analysis. - Highlights: • China’s FDI in Southern European energy markets has experienced a recent surge. • Italy and Portugal are the region’s top recipients of Chinese FDI in energy markets. • Italy and Spain have received large Chinese investments in solar greenfield projects. • Chinese FDI in Southern Europe’s energy sectors is market and asset seeking. • Southern European energy strategies urge to be revised.

Renewable energies for the South. New support for clean energy investment in developing countries

Energy Technology Data Exchange (ETDEWEB)

Jung, W; Schmitz-Borchert, H P [eds.

2001-07-01

At the beginning of the 21st century there are still more than two billion people in the world without access to electricity and basic energy services. 'Energy poverty' impedes sustainable economic, social and environmental development of rural areas in developing countries. Large-scale diffusion of renewable energy technologies can help to overcome this situation. Major barriers are now beginning to be removed. This volume is the result of an international symposium on 'Renewable Energies for the South', held at the Science Park Gelsenkirchen, Gelsenkirchen/Germany. In took place on June 5-6, 2000 with more than 200 participants from 27 countries. The conference aimed at enhancing the dialogue between the multiple groups and actors involved in the development, transfer and application of renewable energy technologies. The following issues are covered in this book: - technology needs and framework conditions in developing countries - appropriate renewable energy technologies - financing renewable energy investment - capacity building and training programmes. (orig.)

Renewable energies for the South. New support for clean energy investment in developing countries

Energy Technology Data Exchange (ETDEWEB)

Jung, W.; Schmitz-Borchert, H.P. (eds.)

2001-07-01

At the beginning of the 21st century there are still more than two billion people in the world without access to electricity and basic energy services. 'Energy poverty' impedes sustainable economic, social and environmental development of rural areas in developing countries. Large-scale diffusion of renewable energy technologies can help to overcome this situation. Major barriers are now beginning to be removed. This volume is the result of an international symposium on 'Renewable Energies for the South', held at the Science Park Gelsenkirchen, Gelsenkirchen/Germany. In took place on June 5-6, 2000 with more than 200 participants from 27 countries. The conference aimed at enhancing the dialogue between the multiple groups and actors involved in the development, transfer and application of renewable energy technologies. The following issues are covered in this book: - technology needs and framework conditions in developing countries - appropriate renewable energy technologies - financing renewable energy investment - capacity building and training programmes. (orig.)

Forecasting jobs in the supply chain for investments in residential energy efficiency retrofits in Florida

Science.gov (United States)

Fobair, Richard C., II

This research presents a model for forecasting the numbers of jobs created in the energy efficiency retrofit (EER) supply chain resulting from an investment in upgrading residential buildings in Florida. This investigation examined material supply chains stretching from mining to project installation for three product types: insulation, windows/doors, and heating, ventilating, and air conditioning (HVAC) systems. Outputs from the model are provided for the project, sales, manufacturing, and mining level. The model utilizes reverse-estimation to forecast the numbers of jobs that result from an investment. Reverse-estimation is a process that deconstructs a total investment into its constituent parts. In this research, an investment is deconstructed into profit, overhead, and hard costs for each level of the supply chain and over multiple iterations of inter-industry exchanges. The model processes an investment amount, the type of work and method of contracting into a prediction of the number of jobs created. The deconstruction process utilizes data from the U.S. Economic Census. At each supply chain level, the cost of labor is reconfigured into full-time equivalent (FTE) jobs (i.e. equivalent to 40 hours per week for 52 weeks) utilizing loaded labor rates and a typical employee mix. The model is sensitive to adjustable variables, such as percentage of work performed per type of product, allocation of worker time per skill level, annual hours for FTE calculations, wage rate, and benefits. This research provides several new insights into job creation. First, it provides definitions that can be used for future research on jobs in supply chains related to energy efficiency. Second, it provides a methodology for future investigators to calculate jobs in a supply chain resulting from an investment in energy efficiency upgrades to a building. The methodology used in this research is unique because it examines gross employment at the sub-industry level for specific

76 FR 20351 - Employee Thrift Advisory Council; Sunshine Act Meeting Notice

Science.gov (United States)

2011-04-12

... FEDERAL RETIREMENT THRIFT INVESTMENT BOARD Employee Thrift Advisory Council; Sunshine Act Meeting Notice TIME AND DATE: 9 a.m. (Eastern Time) April 18, 2011. PLACE: 2nd Floor Training Room, 1250 H Street, NW., Washington, DC 20005. STATUS: Parts will be open to the public and parts closed to the public...

Including climate change in energy investment decisions

International Nuclear Information System (INIS)

Ybema, J.R.; Boonekamp, P.G.M.; Smit, J.T.J.

1995-08-01

To properly take climate change into account in the analysis of energy investment decisions, it is required to apply decision analysis methods that are capable of considering the specific characteristics of climate change (large uncertainties, long term horizon). Such decision analysis methods do exist. They can explicitly include evolving uncertainties, multi-stage decisions, cumulative effects and risk averse attitudes. Various methods are considered in this report and two of these methods have been selected: hedging calculations and sensitivity analysis. These methods are applied to illustrative examples, and its limitations are discussed. The examples are (1a) space heating and hot water for new houses from a private investor perspective and (1b) as example (1a) but from a government perspective, (2) electricity production with an integrated coal gasification combined cycle (ICGCC) with or without CO 2 removal, and (3) national energy strategy to hedge for climate change. 9 figs., 21 tabs., 42 refs., 1 appendix

Transit investments for greenhouse gas and energy reduction program : first assessment report.

Science.gov (United States)

2012-07-01

The purpose of this report is to provide an overview and preliminary analysis of the U.S. Department of Transportation, Federal Transit Administrations TIGGER Program. TIGGER, which stands for Transit Investments for Greenhouse Gas and Energy Redu...

Compilation of reports prepared for the Secretary of Energy Advisory Board Task Force on Radioactive Waste Management

International Nuclear Information System (INIS)

1993-11-01

This report contains reports prepared for the Secretary of Energy Advisory Board Task Force on Radioactive Waste Management, from experts in the United States. The contents of the report focus mainly on public opinion, and government policies as perceived by the public

Compilation of reports prepared for the Secretary of Energy Advisory Board Task Force on Radioactive Waste Management

Energy Technology Data Exchange (ETDEWEB)

1993-11-01

This report contains reports prepared for the Secretary of Energy Advisory Board Task Force on Radioactive Waste Management, from experts in the United States. The contents of the report focus mainly on public opinion, and government policies as perceived by the public.

Investment barriers and incentives for marine renewable energy in the UK: An analysis of investor preferences

International Nuclear Information System (INIS)

Leete, Simeon; Xu, Jingjing; Wheeler, David

2013-01-01

Deployment of marine renewable energy (MRE) in the UK is desirable in order to address climate change, meet mandatory EU renewable energy targets and provide significant economic development opportunities, including new export markets. Public funding constraints in the UK mean that substantial investment is required from the private sector to commercialize the industry. By focussing on investor attitudes and behaviours towards wave and tidal technologies, this paper reveals significant observations from the investment community with serious implications for the future of the MRE industry. Through a series of in-depth interviews with individuals from the investment community, device developers and industry support, the research seeks to identify common barriers and incentives to investment. The paper demonstrates that although investors' attitudes are generally aligned, they do appear to have changed over time. Of the participants that had previously invested in early stage MRE device development, none were likely to do so again. It is concluded that this is a function of investors' greater understanding of the scale, and unpredictability of the costs, and the length of time required to develop these technologies. This presents a significant policy challenge for all actors interested in the commercialization of wave and tidal technologies. - Highlights: • Performed a series of in-depth interviews with senior finance and industry actors. • Examined investor attitudes and policy preferences that may encourage investment. • VC investors are currently disinclined to invest in early stage device development. • Policy instability, level of capital and revenue support are key investment barriers. • Commercialization requires strategic government and industrial partner investment

Policy approaches to renewable energy investment in the Mediterranean region

Science.gov (United States)

Patt, A.; Komendantova, N.; Battaglini, A.; Lilliestam, J.; Williges, K.

2009-04-01

Europe's climate policy objective of 20% renewable energy by 2020, and the call by the IPCC to reduce greenhouse gas emissions by 80% by 2050, pose major challenges for the European Union. Several policy options are available to move towards these objectives. In this paper, we will address the most critical policy and governance issues associated with one particular approach to scaling up renewable energy resources: reliance on large-scale energy generation facilities outside the European continent, such as onshore and offshore wind farms and concentrating solar power (CSP) facilities in the Mediterranean region. Several feasibility studies completed over the past three years (German Aerospace Center 2006; German Aerospace Center 2005; Czisch, Elektrotechnik 2005, p. 488; Lorenz, Pinner, Seitz, McKinsey Quarterly 2008, p.10; German Aerospace Center 2005; Knies 2008, The Club of Rome; Khosla, Breaking the Climate Deadlock Briefing Papers, 2008, p.19) have convincingly demonstrated that large-scale wind and CSP projects ought to be very attractive for a number of reasons, including cost, reliability of power supply, and technological maturity. According to these studies it would be technically possible for Europe to rely on large-scale wind and CSP for the majority of its power needs by 2050—indeed enough to completely replace its reliance on fossil fuels for power generation—at competitive cost over its current, carbon intensive system. While it has been shown to be technically feasible to develop renewable resources in North Africa to account for a large share of Europe's energy needs, doing so would require sustained double digit rates of growth in generating and long-distance transmission capacity, and would potentially require a very different high voltage grid architecture within Europe. Doing so at a large scale could require enormous up-front investments in technical capacity, financial instruments and human resources. What are the policy instruments best

Investment in the Western Hemisphere energy market

International Nuclear Information System (INIS)

Gillam, P.J.

1991-01-01

This paper reports that the main characteristics of Western Hemisphere energy markets are well known to those in the energy industry. The United States sits in the northern half of the hemisphere, importing more and more oil from the rest of the world. Brazil, with a market one-tenth of the size of the United Sates, sits in the southern half of the hemisphere, importing less and less oil from the rest of the world. Venezuela sits in the center with an eye to the future as a long-term player in the world petroleum industry. Venezuela has 6 or 7 percent of the world's known conventional petroleum reserves, plus an uncountable bitumen resource which is now being commercialized as Orimulsion, a low-emission substitute for coal. The United States is circled by major producing countries with smaller exports, such as Mexico and Canada, and there are smaller producing or consuming countries of which Colombia is the largest exporter and Argentian the largest importer. The United States dominates the numbers. Half of British Petroleum's (BP) investments have been in the energy industry of the Western Hemisphere. We are maintaining that proportion, but opportunities are becoming more difficult to find

Risk-based analysis and policy implications for renewable energy investments in Greece

International Nuclear Information System (INIS)

Angelopoulos, Dimitrios; Doukas, Haris; Psarras, John; Stamtsis, Giorgos

2017-01-01

Significant renewable energy (RE) investments have to be implemented in order to achieve the ambitious RE targets set in the EU for 2020 and beyond. Moreover, a great amount of capital has to be leveraged, as these projects are followed by high investment and financing costs. Main aim of this paper is the provision of a comprehensive assessment of the existing risk elements of RE investments in relation to the respective policies and the evaluation of their impact on the weighted average cost of capital (WACC) in Greece. A consultation procedure with key national energy stakeholders took also place, including policy makers, project developers, investors, equity providers, bankers and energy analysts in the Greek RE market, in order to provide a validation of the respective results. It has been concluded that the policy design risk represents the risk element with the greatest impact on the cost of capital and, thus, the level of RE investments’ deployment. Βased on the cost of capital valuation process followed, the WACC was estimated to reach approximately 12% for onshore wind and little lower values for solar PV projects in Greece. - Highlights: • Policy design risk constitutes the main influential parameter of the WACC. • Social acceptance is more critical for large-scale, mainly onshore wind, projects. • A stable policy framework may lead to less risk and, thus, cost of RE projects. • The WACC is around 12% for onshore wind and little lower for solar PV projects.

Local investment in renewable energies - European experiences; Investissement local dans les energies renouvelables - recueil d'experiences europeennes

Energy Technology Data Exchange (ETDEWEB)

Quantin, J; Grepmeier, K; Larsen, J; Manolakaki, E; Smith, M

2004-01-01

This booklet is realized within the framework of the european commission called PREDAC. This document have been conceived by a working group specialized on the local investment into renewable energies thematic. The objectives of this project are: to promote citizen participation in the financing of renewable energies projects in Europe; to make organizations, investor clubs and local government to be aware of this way of implication into renewable energies development; to examine more especially three renewable energy sources: biomass, photovoltaic and wind in Denmark, France, Germany, Greece and United Kingdom. (author)

Energy efficiency investments in the context of split incentives among French households

International Nuclear Information System (INIS)

Charlier, Dorothée

2015-01-01

The residential sector offers considerable potential for reducing energy use and greenhouse gas (GHG) emissions, particularly through energy-efficient renovations. The objective of this study is twofold. First, I aim to provide initial empirical evidence of the extent to which split incentives between landlords and tenants may lead to underinvestment. Second, I investigate the influence of tax credits and energy burdens on energy efficiency expenditures. Given the complexity of studying the decision to invest in energy-saving renovations, I use a bivariate Tobit model to compare decisions about energy-efficient works and repair works, even when the renovation expenditures seem quite similar. The analysis shows that tenants are doubly penalized: they have high energy expenditures due to energy-inefficient building characteristics, and because they are poorer than homeowners, they are unable to invest in energy-saving systems. The results also confirm that tax credits are ineffective in the split incentives context. In terms of public policy, the government should focus on low-income tenants, and mandatory measures such as minimum standards seem appropriate. Financial support from a third-party financer also might be a solution. - Highlights: • I provide empirical evidence of underinvestment due to split incentives. • I investigate the influence of tax credit and energy burden on EE expenditures. • Results show that tax credits are ineffective in a context of split incentives. • Mandatory measures such as minimum standards seem to be appropriate. • Financial support from a third party financer can be also a solution.

Fiscal year 2013 energy department budget: Proposed investments in clean energy research

Science.gov (United States)

Balcerak, Ernie

2012-03-01

Energy and environmental research programs generally fared well in President Barack Obama's proposed budget for the Department of Energy (DOE) for fiscal year (FY) 2013. In his State of the Union address, Obama called for the United States to pursue an "all of the above" energy strategy that includes fossil fuels, as well as a variety of renewable sources of energy. The DOE budget request supports that strategy, Energy Secretary Steven Chu said in a 13 February press briefing announcing the budget proposal. The proposed budget gives DOE 27.2 billion overall, a 3.2% increase from the FY 2012 enacted budget (see Table 1). This budget "reflects some tough choices," Chu said. The proposed budget would cut 4 billion in subsidies for oil and gas companies; many Republican members of Congress have already indicated that they oppose such cuts, suggesting that congressional approval of this budget may run into stumbling blocks. The budget would also cut funding for research and development projects that are already attracting private-sector investment or that are not working, and would reduce some of the department's operational costs.

Financing of power/energy investments in the Asia Pacific region

International Nuclear Information System (INIS)

Krishnaswamy, V.

1994-01-01

Rapid economic growth among the developing member countries (DMCs) of the Asian Development Bank in the Asia Pacific Region is generating a need for massive investment in the energy sector to keep pace with energy demand. Changes in tactics and strategy, which will need to be adopted by the DMC governments in order to mobilize funds of this order for the energy sector, are considered. These include: a change in policy away from using government owned energy supply entities as vehicles of welfare transfer towards viewing energy as a commercial service/commodity to be provided to consumers for a fee; a willingness to restructure the electricity supply industry to enable greater private sector participation to take place; a determination to take effective measures to improve efficiency on the supply as well as the demand side to moderate the energy intensity of growth in the medium term. (UK)

Stochastic interest rates in the analysis of energy investments: Implications on economic performance and sustainability

International Nuclear Information System (INIS)

Tolis, Athanasios; Tatsiopoulos, Ilias; Doukelis, Aggelos

2010-01-01

A systematic impact assessment of stochastic interest and inflation rates on the analysis of energy investments is presented. A real-options algorithm has been created for this task. Constant interest rates incorporating high risk premium have been extensively used for economic calculations, within the framework of traditional direct cash flow methods, thus favouring immediate, irreversible investments in the expense of, sometimes, insubstantially low anticipated yields. In this article, not only incomes and expenses but also interest and inflation rates are considered stochastically evolving according to specific probabilistic models. The numerical experiments indicated that the stochastic interest rate forecasts fluctuate in such low levels that may signal delayed investment entry in favour of higher expected yields. The implementation of stochastically evolving interest rates in energy investment analysis may have a controversial effect on sustainability. Displacements of inefficient plants may be significantly delayed, thus prolonging high CO 2 emission rates. Under the current CO 2 allowance prices or their medium-term forecasts, this situation may not be improved and flexible policy interventions may be necessitated. (author)

A planning framework for transferring building energy technologies

Energy Technology Data Exchange (ETDEWEB)

Farhar, B C; Brown, M A; Mohler, B L; Wilde, M; Abel, F H

1990-07-01

Accelerating the adoption of new and existing cost-effective technologies has significant potential to reduce the energy consumed in US buildings. This report presents key results of an interlaboratory technology transfer planning effort in support of the US Department of Energy's Office of Building Technologies (OBT). A guiding assumption for planning was that OBT's R D program should forge linkages with existing programs whose goals involved enhancing energy efficiency in buildings. An ad hoc Technology Transfer Advisory Group reviewed the existing analysis and technology transfer program, brainstormed technology transfer approaches, interviewed DOE program managers, identified applicable research results, and developed a framework that management could use in deciding on the best investments of technology transfer resources. Representatives of 22 organizations were interviewed on their views of the potential for transferring energy efficiency technologies through active linking with OBT. The report describes these programs and interview results; outlines OBT tools, technologies, and practices to be transferred; defines OBT audiences; identifies technology transfer functions and presents a framework devised using functions and audiences; presents some 60 example technology transfer activities; and documents the Advisory Group's recommendations. 37 refs., 3 figs., 12 tabs.

Influence of individual heat pumps on wind power integration – Energy system investments and operation

International Nuclear Information System (INIS)

Hedegaard, Karsten; Münster, Marie

2013-01-01

Highlights: • Individual heat pumps can significantly support the integration of wind power. • The heat pumps significantly reduce fuel consumption, CO 2 emissions, and costs. • Heat storages for the heat pumps can provide only moderate system benefits. • Main benefit of flexible heat pump operation is a lower peak/reserve capacity need. • Socio-economic feasibility only identified for some heat storages to some extent. - Abstract: Individual heat pumps are expected to constitute a significant electricity demand in future energy systems. This demand becomes flexible if investing in complementing heat storage capabilities. In this study, we analyse how the heat pumps can influence the integration of wind power by applying an energy system model that optimises both investments and operation, and covers various heat storage options. The Danish energy system by 2030 with around 50–60% wind power is used as a case study. Results show that the heat pumps, even without flexible operation, can contribute significantly to facilitating larger wind power investments and reducing system costs, fuel consumption, and CO 2 emissions. Investments in heat storages can provide only moderate system benefits in these respects. The main benefit of the flexible heat pump operation is a reduced need for peak/reserve capacity, which is also crucial for the feasibility of the heat storages. Socio-economic feasibility is identified for control equipment enabling intelligent heat storage in the building structure and in existing hot water tanks. In contrast, investments in new heat accumulation tanks are not found competitive

Energy Returned On Investment of Engineered Geothermal Systems Annual Report FY2011

Energy Technology Data Exchange (ETDEWEB)

Mansure, A.J.

2011-12-31

Energy Return On Investment (EROI) is an important figure of merit for assessing the viability of energy alternatives. For geothermal electric power generation, EROI is determined by the electricity delivered to the consumer compared to the energy consumed to construct, operate, and decommission the facility. Critical factors in determining the EROI of Engineered Geothermal Systems (EGS) are examined in this work. These include the input energy embodied into the system. The embodied energy includes the energy contained in the materials, as well as, that consumed in each stage of manufacturing from mining the raw materials to assembling the finished plant. Also critical are the system boundaries and value of the energy - heat is not as valuable as electrical energy.

Measuring the Socioeconomic and Environmental Effects of Energy Efficiency Investments for a More Sustainable Spanish Economy

Directory of Open Access Journals (Sweden)

Ana Medina

2016-10-01

Full Text Available We present here an application of a multisector economic model to simulate the impact of investing in energy-efficiency-related sectors. Given the value chain of energy production shows several aspects to be improved, this paper intends to identify the economic sectors where investment should be allocated in order to reach the targeted energy efficiency levels in the overall economic system. We expect that an improvement in energy efficiency will bring a fall in electricity demand. Simulating these impacts will enable an assessment of the macroeconomic effects of such demand-side changes in Spain. For simulation purposes, we will use input–output methodology, based on data from a Spanish input–output table from the year 2012 that we have constructed. The scenario used for modeling has been obtained from the objectives proposed by the European Union for 2030, specifically the one promoting an increase to at least a 27% increase in energy efficiency compared with the business-as-usual scenario. This demand-side model enables us to measure the potential sector-by-sector growth of the Spanish economy and to calculate households’ expected savings in energy bills due to the implementation of energy efficiency measures. The impacts of employment and CO2 emissions are also quantified as a result of the investments aimed at improving energy efficiency.

Stimulation of investment in international energy through Nigerian tax exemption laws