Evaluating options for sustainable energy mixes in South Korea using scenario analysis

International Nuclear Information System (INIS)

Hong, Sanghyun; Bradshaw, Corey J.A.; Brook, Barry W.

2013-01-01

To mitigate greenhouse gas emissions, coal-fired electricity infrastructure needs to be replaced by low-carbon electricity generation options. Here we examine a range of possible alternative scenarios for sustainable electricity generation in South Korea, considering both physical and economic limits of current technologies. The results show that South Korea cannot achieve a 100% renewable energy mix and requires at least 55 GW of backup capacity. Given that constraint, we modelled seven scenarios: (i) the present condition, (ii) the First National Electricity Plan configuration, (iii) renewable energy (including 5 GW photovoltaic) with fuel cells or (iv) natural gas backup, (v) maximum renewable energy (including 75 GW photovoltaic) with natural gas, (vi) maximum nuclear power, and (vii) nuclear power with natural gas. We then quantify levelised cost of electricity, energy security, greenhouse gas emissions, fresh water consumption, heated water discharge, land transformation, air pollutant emissions, radioactive waste disposal, solid waste disposal and safety issues for each modelled mix. Our analysis shows that the maximum nuclear power scenario yields the fewest overall negative impacts, and the maximum renewable energy scenario with fuel cells would have the highest negative impacts. - Highlights: ► Due to physical limits of renewable sources, renewable energy cannot provide total electricity consumption in South Korea. ► A massive expansion of solar power will act to save only a small amount of backup fuel at greatly increased costs. ► A huge supply of natural gas capacity is essential, due to the absence of feasible large-scale energy storage. ► A pathway to maximize renewable energy causes more environmental and economic disadvantages than the status quo. ► Maximizing nuclear power is the most sustainable option for South Korea

Option valuation for energy issues

International Nuclear Information System (INIS)

Ostertag, K.; Llerena, P.; Richard, A.

2004-01-01

In many industrial and economic situations, decision processes, both individual and collective, have to simultaneously face uncertainty and irreversibility of some kind. This is particularly valid for energy choices if they are linked to technological alternatives. The purpose of this book is to highlight specific aspects of these situations. This is done from the particular perspective of option valuation. The contributions to this book grew out of an international workshop on ''Option valuation in energy and environmental issues'' held at the Fraunhofer ISI in February 2003. This workshop brought together reseachers from energy economics, but also researchers working on option valuation in other empirical fields or with a more theoretical perspective. This is reflected in the organisation of the book, which starts with some theory-oriented contributions and subsequently presents more applied contributions in the field of energy economics with an extension to water infrastructure in the annex. (orig.)

Integrated economic assessment of energy and forestry mitigation options using MARKAL

International Nuclear Information System (INIS)

1998-01-01

There have been a number of economic assessment of GHG mitigation studies carried out in Indonesia. Several alternative mitigation options for energy and non-energy sectors have been described and the economic assessment of the options has been done for each sectors. However, most of the economic assessment particularly for non-energy sector, was not to find a least cost option but the lowest cost options. A program called MARKAL developed by a consortium of energy specialists from more than a dozen countries in the early 1980s, is a program that can be used for optimization, so that the least cost options could be selected. Indonesia has used this program intensively for energy system analysis. Attempt to use this program for other sector has not been developed as this program was designed for energy sector. Therefore, using MARKAL for other sector, all activities of the other sectors should be treated as energy activities. This study is aimed to use MARKAL for analysing both energy and forestry sector together. This paper described briefly the methodology of using MARKAL for both energy and forestry sectors. As the activities in energy sector have unique characteristics, thus only forest activities are described in more detail. (au)

Clean Energy Policy Analysis: Impact Analysis of Potential Clean Energy Policy Options for the Hawaii Clean Energy Initiative (HCEI)

Energy Technology Data Exchange (ETDEWEB)

Busche, S.; Doris, E.; Braccio, R.; Lippert, D.; Finch, P.; O' Toole, D.; Fetter, J.

2010-04-01

This report provides detailed analyses of 21 clean energy policy options considered by the Hawaii Clean Energy Initiative working groups for recommendation to the 2010 Hawaii State Legislature. The report considers the impact each policy may have on ratepayers, businesses, and the state in terms of energy saved, clean energy generated, and the financial costs and benefits. The analyses provide insight into the possible impacts, both qualitative and quantitative, that these policies may have in Hawaii based on the experience with these policies elsewhere. As much as possible, the analyses incorporate Hawaii-specific context to reflect the many unique aspects of energy use in the State of Hawaii.

Comparative studies of energy supply options in Poland for 1997-2020

International Nuclear Information System (INIS)

2002-08-01

Poland depends heavily on coal to satisfy national demands for electricity. Currently, over 90% of electricity generation is produced by coal fired power plants. Because of the large dependence on coal and environmental impacts of large-scale coal combustion the country looks for a more diversified energy mix. As ways of diversification, Poland is considering the expanded role of natural gas and, potentially, nuclear power in the future energy mix. This publication describes the analysis of several diversification options for the Polish energy sector conducted by a national team in the framework of an IAEA Technical Cooperation project implemented in 1999-2000. The project provided a set of proven IAEA methodologies and tools that was utilized for a comprehensive analysis and comparison of the options including their economic competitiveness and environmental impacts. The publication is intended primarily for senior experts and technical staff in governmental organizations, research institutes, industries and utilities, who are in charge of technical analysis or decision making related to long term energy and power supply options. The report was prepared in 2001 by the staff of the Energy Market Agency (EMA, Warsaw, Poland) that was the leading Polish organization in carrying out the study

Comparing energy storage options for renewable energy integration

DEFF Research Database (Denmark)

Østergaard, Poul Alberg

-inclusive 100% renewable energy scenario developed for the Danish city Aalborg based on wind power, bio-resources and low-temperature geothermal heat. The paper investigates the system impact of different types of energy storage systems including district heating storage, biogas storage and electricity storage......Increasing penetrations of fluctuating energy sources for electricity generation, heating, cooling and transportation increase the need for flexibility of the energy system to accommodate the fluctuations of these energy sources. Controlling production, controlling demand and utilizing storage...... options are the three general categories of measures that may be applied for ensuring balance between production and demand, however with fluctuating energy sources, options are limited, and flexible demand has also demonstrated limited perspective. This paper takes its point of departure in an all...

Pakistan energy consumption scenario and some alternate energy option

International Nuclear Information System (INIS)

Maher, M.J.

1997-01-01

Pakistan with its energy-deficient resources is highly dependent on import-oriented energy affected the economy because of repeated energy price hike on international horizon. The energy consumption pattern in Pakistan comprises about two-third in commercial energy and one-third in non-commercial forms. Most of the country's energy requirements are met by oil, gas hydro power, coal, nuclear energy and thermal power. Pakistan meets it's commercial energy requirements indigenously up to 64%. The balance of deficit of 35-40% is met through import. The consumption of various agro-residues and wood as fuel also plays a vital role. The analysis shows that emphasis needs to be placed on new and renewable resources of energy besides adopting technologies for energy conservation. Renewable energy depends on energy income and constitutes the development process. The are several renewable energy options such as biogas technology, micro-hydro power generation, direct solar energy and biomass energy conservation etc. By improving the conservation techniques as designs of solar converters, pre treating the biomass fuel, increasing the effectiveness of carbonization and pyrolysis increases the energy production. (A.B.)

Pawnee Nation Energy Option Analyses

Energy Technology Data Exchange (ETDEWEB)

Matlock, M.; Kersey, K.; Riding In, C.

2009-07-21

Pawnee Nation of Oklahoma Energy Option Analyses In 2003, the Pawnee Nation leadership identified the need for the tribe to comprehensively address its energy issues. During a strategic energy planning workshop a general framework was laid out and the Pawnee Nation Energy Task Force was created to work toward further development of the tribe’s energy vision. The overarching goals of the “first steps” project were to identify the most appropriate focus for its strategic energy initiatives going forward, and to provide information necessary to take the next steps in pursuit of the “best fit” energy options. Description of Activities Performed The research team reviewed existing data pertaining to the availability of biomass (focusing on woody biomass, agricultural biomass/bio-energy crops, and methane capture), solar, wind and hydropower resources on the Pawnee-owned lands. Using these data, combined with assumptions about costs and revenue streams, the research team performed preliminary feasibility assessments for each resource category. The research team also reviewed available funding resources and made recommendations to Pawnee Nation highlighting those resources with the greatest potential for financially-viable development, both in the near-term and over a longer time horizon. Findings and Recommendations Due to a lack of financial incentives for renewable energy, particularly at the state level, combined mediocre renewable energy resources, renewable energy development opportunities are limited for Pawnee Nation. However, near-term potential exists for development of solar hot water at the gym, and an exterior wood-fired boiler system at the tribe’s main administrative building. Pawnee Nation should also explore options for developing LFGTE resources in collaboration with the City of Pawnee. Significant potential may also exist for development of bio-energy resources within the next decade. Pawnee Nation representatives should closely monitor

Options for Energy Conservation and Emission Reductions in Transportation Means for Goods Distribution

DEFF Research Database (Denmark)

Jørgensen, Kaj

1996-01-01

The report contains an analysis of the technological options and potentials for development of transportation means with low energy consumption and emissions. The main focus is on transportation means utilised in the distribution of groceries.......The report contains an analysis of the technological options and potentials for development of transportation means with low energy consumption and emissions. The main focus is on transportation means utilised in the distribution of groceries....

Life-cycle cost analysis of energy efficiency design options for residential furnaces and boilers

International Nuclear Information System (INIS)

Lutz, James; Lekov, Alex; Chan, Peter; Whitehead, Camilla Dunham; Meyers, Steve; McMahon, James

2006-01-01

In 2001, the US Department of Energy (DOE) initiated a rulemaking process to consider whether to amend the existing energy efficiency standards for furnaces and boilers. A key factor in DOE's consideration of new standards is the economic impacts on consumers of possible revisions to energy-efficiency standards. Determining cost-effectiveness requires an appropriate comparison of the additional first cost of energy efficiency design options with the savings in operating costs. DOE's preferred approach involves comparing the total life-cycle cost (LCC) of owning and operating a more efficient appliance with the LCC for a baseline design. This study describes the method used to conduct the LCC analysis and presents the estimated change in LCC associated with more energy-efficient equipment. The results indicate that efficiency improvement relative to the baseline design can reduce the LCC in each of the product classes considered

Life-cycle cost analysis of energy efficiency design options for residential furnaces and boilers

Energy Technology Data Exchange (ETDEWEB)

Lutz, J.; Lekov, A.; Chan, P.; Dunham Whitehead, C.; Meyers, S.; McMahon, J. [Lawrence Berkeley National Laboratory, Berkeley, CA (United States). Environmental Energy Technologies Div.

2006-03-01

In 2001, the US Department of Energy (DOE) initiated a rulemaking process to consider whether to amend the existing energy efficiency standards for furnaces and boilers. A key factor in DOE's consideration of new standards is the economic impacts on consumers of possible revisions to energy-efficiency standards. Determining cost-effectiveness requires an appropriate comparison of the additional first cost of energy efficiency design options with the savings in operating costs. DOE's preferred approach involves comparing the total life-cycle cost (LCC) of owning and operating a more efficient appliance with the LCC for a baseline design. This study describes the method used to conduct the LCC analysis and presents the estimated change in LCC associated with more energy-efficient equipment. The results indicate that efficiency improvement relative to the baseline design can reduce the LCC in each of the product classes considered. (author)

Emergy-based sustainability assessment of different energy options for green buildings

International Nuclear Information System (INIS)

Luo, Zhiwen; Zhao, Jianing; Yao, Runming; Shu, Zhan

2015-01-01

Highlights: • We apply Emergy to assess environmental impact of different energy options. • We develop a new index to assess the anthropogenic heat emission. • The way of electricity produced is crucial to the total environmental load. • The direct-fired lithium-bromide absorption type shows highest environmental load. - Abstract: It is necessary to minimize the environmental impact and utilize natural resources in a sustainable and efficient manner in the early design stage of developing an environmentally-conscious design for a heating, ventilating and air-conditioning system. Energy supply options play a significant role in the total environmental load of heating, ventilating and air-conditioning systems. To assess the environmental impact of different energy options, a new method based on Emergy Analysis is proposed. Emergy Accounting, was first developed and widely used in the area of ecological engineering, but this is the first time it has been used in building service engineering. The environmental impacts due to the energy options are divided into four categories under the Emergy Framework: the depletion of natural resources, the greenhouse effect (carbon dioxide equivalents), the chemical rain effect (sulfur dioxide equivalents), and anthropogenic heat release. The depletion of non-renewable natural resources is indicated by the Environmental Load Ratio, and the environmental carrying capacity is developed to represent the environmental service to dilute the pollutants and anthropogenic heat released. This Emergy evaluation method provides a new way to integrate different environmental impacts under the same framework and thus facilitates better system choices. A case study of six different kinds of energy options consisting of renewable and non-renewable energy was performed by using Emergy Theory, and thus their relative environmental impacts were compared. The results show that the method of electricity generation in energy sources, especially

NANA Strategic Energy Plan & Energy Options Analysis

Energy Technology Data Exchange (ETDEWEB)

Jay Hermanson; Brian Yanity

2008-12-31

�� Biomass Feasibility analysis in the upper Kobuk; • Run of the river hydroelectric development for the Upper Kobuk; • Solar photovoltaic (PV) power demonstration projects for Noatak, Ambler, Selawik, Kiana, and Noorvik; • Heat Recovery for several communities; In September 2008, the NRC team participated at the Alaska Rural Energy Conference in Girdwood, Alaska In November 2008, the NRC team gave a presentation on the NANA regional energy plans at a DOE Tribal Energy Program conference in Denver, Colorado. In January 2009, the final SEP report was submitted to NRC.

Pricing and Hedging Quanto Options in Energy Markets

DEFF Research Database (Denmark)

Benth, Fred Espen; Lange, Nina; Myklebust, Tor Åge

approach we derive a closed form option pricing formula for energy quanto options, under the assumption that the underlying assets are log-normally distributed. Our approach encompasses several interesting cases, such as geometric Brownian motions and multifactor spot models. We also derive delta and gamma......In energy markets, the use of quanto options have increased significantly in the recent years. The payoff from such options are typically written on an underlying energy index and a measure of temperature and are suited for managing the joint price and volume risk in energy markets. Using an HJM...... expressions for hedging. Furthermore, we illustrate the use of our model by an empirical pricing exercise using NYMEX traded natural gas futures and CME traded Heating Degree Days futures for New York....

Contemplating future energy options

International Nuclear Information System (INIS)

Pooley, D.

2005-01-01

All political parties in the UK accept that we should move away from our reliance on fossil fuels towards a much greater use of alternative energy technologies. Nuclear power is one of these but finds minimal support in the political spectrum. The article reviews the European Commission's Advisory Group on Energy submission to the EC's report entitled 'Key Tasks for European Energy R and D'. The 'strength and weaknesses' of the various 'alternative energy' systems (including nuclear power) are summarised and then the key R and D tasks which, if they are carried out successfully, should make the eight selected technologies significantly more attractive. However, the message here is clear enough: there are no easy options, only a range of very imperfect possibilities, despite what enthusiastic proponents of each may say. Nuclear fission is certainly one of the most attractive options available, but the industry needs to continue to strive to eliminate the possibility of significant off-site releases, whether caused by plant failure or by human error or intention, and to prove beyond reasonable doubt the safety of high-level radioactive waste disposal. (author)

On-Site or Off-Site Renewable Energy Supply Options?

DEFF Research Database (Denmark)

Marszal, Anna Joanna; Heiselberg, Per; Jensen, Rasmus Lund

2012-01-01

The concept of a Net Zero Energy Building (Net ZEB) encompasses two options of supplying renewable energy, which can offset energy use of a building, in particular on-site or off-site renewable energy supply. Currently, the on-site options are much more popular than the off-site; however, taking...... into consideration the limited area of roof and/or façade, primarily in the dense city areas, the Danish weather conditions, the growing interest and number of wind turbine co-ops, the off-site renewable energy supply options could become a meaningful solution for reaching ‘zero’ energy goal in the Danish context...... five technologies, i.e., two on-site options: (1) photovoltaic, (2) micro combined heat and power, and three off-site options: (1) off-site windmill, (2) share of a windmill farm and (3) purchase of green energy from the 100% renewable utility grid. The results indicate that in case of the on...

Some wind-energy storage options

Energy Technology Data Exchange (ETDEWEB)

Eldridge, F R; Ljungstroem, O [ed.

1976-01-01

Systems capable of storing energy generated from the wind can be categorized in terms of electrochemical energy storage systems, thermal energy storage systems, kinetic energy systems, and potential energy systems. Recent surveys of energy storage systems have evaluated some of these available storage technologies in terms of the minimum economic sizes for utility applications, estimated capital costs of these units, expected life, dispersed storage capabilities, and estimated turn-around efficiencies of the units. These are summarized for various types of energy storage options.

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.

Pricing and Hedging Quanto Options in Energy Markets

DEFF Research Database (Denmark)

Benth, Fred Espen; Lange, Nina; Myklebust, Tor Åge

2015-01-01

–Jarrow–Morton approach, we derive a closed-form option pricing formula for energy quanto options under the assumption that the underlying assets are lognormally distributed. Our approach encompasses several interesting cases, such as geometric Brownian motions and multifactor spot models. We also derive Delta and Gamma......In energy markets, the use of quanto options has increased significantly in recent years. The payoff from such options are typically written on an underlying energy index and a measure of temperature. They are suited to managing the joint price and volume risk in energy markets. Using a Heath...... expressions for hedging. Further, we illustrate the use of our model by an empirical pricing exercise using NewYork Mercantile Exchange-traded natural gas futures and Chicago Mercantile Exchange-traded heating degree days futures for NewYork....

Kalaeloa Energy System Redevelopment Options Including Advanced Microgrids.

Energy Technology Data Exchange (ETDEWEB)

Hightower, Marion Michael [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Baca, Michael J. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); VanderMey, Carissa [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)

2017-03-01

In June 2016, the Department of Energy's (DOE's) Office of Energy Efficiency and Renewable Energy (EERE) in collaboration with the Renewable Energy Branch for the Hawaii State Energy Office (HSEO), the Hawaii Community Development Authority (HCDA), the United States Navy (Navy), and Sandia National Laboratories (Sandia) established a project to 1) assess the current functionality of the energy infrastructure at the Kalaeloa Community Development District, and 2) evaluate options to use both existing and new distributed and renewable energy generation and storage resources within advanced microgrid frameworks to cost-effectively enhance energy security and reliability for critical stakeholder needs during both short-term and extended electric power outages. This report discusses the results of a stakeholder workshop and associated site visits conducted by Sandia in October 2016 to identify major Kalaeloa stakeholder and tenant energy issues, concerns, and priorities. The report also documents information on the performance and cost benefits of a range of possible energy system improvement options including traditional electric grid upgrade approaches, advanced microgrid upgrades, and combined grid/microgrid improvements. The costs and benefits of the different improvement options are presented, comparing options to see how well they address the energy system reliability, sustainability, and resiliency priorities identified by the Kalaeloa stakeholders.

A scenario analysis of future energy systems based on an energy flow model represented as functionals of technology options

International Nuclear Information System (INIS)

Kikuchi, Yasunori; Kimura, Seiichiro; Okamoto, Yoshitaka; Koyama, Michihisa

2014-01-01

Highlights: • Energy flow model was represented as the functionals of technology options. • Relationships among available technologies can be visualized by developed model. • Technology roadmapping can be incorporated into the model as technical scenario. • Combination of technologies can increase their contribution to the environment. - Abstract: The design of energy systems has become an issue all over the world. A single optimal system cannot be suggested because the availability of infrastructure and resources and the acceptability of the system should be discussed locally, involving all related stakeholders in the energy system. In particular, researchers and engineers of technologies related to energy systems should be able to perform the forecasting and roadmapping of future energy systems and indicate quantitative results of scenario analyses. We report an energy flow model developed for analysing scenarios of future Japanese energy systems implementing a variety of feasible technology options. The model was modularized and represented as functionals of appropriate technology options, which enables the aggregation and disaggregation of energy systems by defining functionals for single technologies, packages integrating multi-technologies, and mini-systems such as regions implementing industrial symbiosis. Based on the model, the combinations of technologies on both energy supply and demand sides can be addressed considering not only the societal scenarios such as resource prices, economic growth and population change but also the technical scenarios including the development and penetration of energy-related technologies such as distributed solid oxide fuel cells in residential sectors and new-generation vehicles, and the replacement and shift of current technologies such as heat pumps for air conditioning and centralized power generation. The developed model consists of two main modules; namely, a power generation dispatching module for the

National energy planning with nuclear option

International Nuclear Information System (INIS)

Soetrisnanto, Arnold Y.; Hastowo, Hudi; Soentono, Soedyartomo

2002-01-01

National energy planning with nuclear option. Energy planning development is a part of the sustainable development that supports the attainment of national development goals. The objective of the study is to support the national planning and decision-making process in the energy and electric sector in Indonesia with nuclear option for period of 1998-2027. This study performs the provision of detailed economic sector and regional energy demand projection by MAED simulation model based on the economic and population scenarios. The optimization of the future energy supply such as electricity supply taking all known Indonesian energy sources and all relevant technologies into consideration by MARKAL Model. The results shows that Indonesia's need for final energy is forecasted to increase two times, from 4028,4 PJ at the beginning of study become 8145,6 PJ at the end of study. Performing the sensitivity study, it is predicted that nuclear energy could be introduced in the Java-Bali electricity grid about year 2016

Real options valuation of fusion energy R and D programme

International Nuclear Information System (INIS)

Bednyagin, Denis; Gnansounou, Edgard

2011-01-01

This paper aims to perform a real options valuation of fusion energy R and D programme. Strategic value of thermonuclear fusion technology is estimated here based on the expected cash flows from construction and operation of fusion power plants and the real options value arising due to managerial flexibility and the underlying uncertainty. First, a basic investment option model of Black-Scholes type is being considered. Then, a fuzzy compound real R and D option model is elaborated, which reflects in a better way the multi-stage nature of the programme and takes into account the imprecision of information as one of the components of the overall programme uncertainty. Two different strategies are compared: 'Baseline' corresponding to a relatively moderate pace of fusion research, development, demonstration and deployment activities vs. 'Accelerated' strategy, which assumes a rapid demonstration and massive deployment of fusion. The conclusions are drawn from the model calculations regarding the strategic value of fusion energy R and D and the advantages of accelerated development path. - Research highlights: → Real options analysis of fusion R and D, demonstration and deployment (RDDD) programme. → ENPV of fusion RDDD programme is calculated using stochastic probabilistic simulation. → Fusion RDDD programme exhibits substantial positive real options value: Euro 245 billion. → Fuzzy compound real option valuation method provides more robust results.

Assessment of the mitigation options in the energy system in Bulgaria

Energy Technology Data Exchange (ETDEWEB)

Christov, C.; Vassilev, C.; Simenova, K. [and others

1996-12-31

Bulgaria signed the Framework Convention on Climate Change at the UNCEP in Rio in June 1992. The parliament ratified the Convention in March 1995. In compliance with the commitments arising under the Convention, Bulgaria elaborates climate change polity. The underlying principles in this policy are Bulgaria to joint the international efforts towards solving climate change problems to the extent that is adequate to both the possibilities of national economy and the options to attract foreign investments. All policies and measures implemented should be as cost-effective as possible. The Bulgarian GHG emission profile reveals the energy sector as the most significant emission source and also as an area where the great potential for GHG emissions reduction exists. This potential could be achieved in many cases by relatively low cost or even no-cost options. Mitigation analysis incorporates options in energy demand and energy supply within the period 1992-2020.

Options for Water, Energy and Chemical Savings for Finitex, Cape Town

DEFF Research Database (Denmark)

Schneider, Zsig; Wenzel, Henrik

An analysis of the options identified for saving of water, energy and chemicals was conducted at Finitex, Cape Town on the 18th October 2002. Cost savings were calculated from an estimation of the reduction in cost of water, energy and chemical usage associated with various interventions. Capital...

Nuclear energy - an option for Croatian sustainable development

International Nuclear Information System (INIS)

Mikulicic, V.; Skanata, D.; Simic, Z.

1996-01-01

The uncertainties of growth in Croatian future energy, particularly electricity demand, together with growing environmental considerations and protection constraints, are such that Croatia needs to have flexibility to respond by having the option of expanding the nuclear sector. The paper deals with nuclear energy as an option for croatian sustainable economic development. The conclusion is that there is a necessity for extended use of nuclear energy in Croatia because most certainly nuclear energy can provide energy necessary to sustain progress. (author)

DPRK energy sector development priorities: Options and preferences

International Nuclear Information System (INIS)

Hippel, David von; Hayes, Peter

2011-01-01

The goal of international negotiations with the Democratic People's Republic of Korea (DPRK), when they begin again, will be to convince the DPRK to give up its nuclear weapons and the capabilities to produce them. The DPRK's energy sector is a key to resolution of the issue. Thus offering a well-considered, well-structured package of energy sector assistance options will be key to the sustainable success of the negotiations. This article briefly reviews some of the key options for DPRK energy assistance ranging from human capacity-building in fields like energy efficiency, renewable energy, and energy markets, to assistance with rebuilding key electricity and coal mining infrastructure, to integrated pilot energy/electricity grid/economic development projects on the county level, to light-water nuclear reactors. It then reviews preferences for DPRK assistance options as offered by North Koreans, and a summary of the likely points of view of the key DPRK actors that will be involved in negotiations.

Investment analysis in hydraulic energy generation by using the real options theory; Analise de investimentos em geracao hidraulica utilizando a teoria de opcoes reais

Energy Technology Data Exchange (ETDEWEB)

Noronha, J.C. Caminha; Lima, J.W. Marangon [Universidade Federal de Itajuba (UNIFEI), MG (Brazil)]. E-mails: juliaccn@unifei.edu.br; marangon@unifei.edu.br; Ferreira, T.G. Leite [Associacao Brasileira dos Investidores em Autoproducao de Energia Eletrica (ABIAPE), Brasilia, DF (Brazil)]. E-mail: tiago@abiape.com.br

2006-07-01

This paper presents a methodology of investment analysis in power plants using the Real Option Theory. Particularly, the investment opportunity of a hydro plant is valued based on the energy that will be traded at the new energy auction using the Brazilian Development Bank - BNDES financing program for the Generation of electric energy (new energy). Since this kind of project involves a multistage investment consisting of design, construction and operation phases, it can be treated as a sequential compound option. A binomial approach was elaborated to model this investment opportunity analysis. This approach models the uncertainties in setting up the cash flow for the investments and incorporates some possible managerial flexibility associated with the decision taken along the investment forecast. The proposed methodology will be described in parallel with an example of a real hydro-plant in which we incorporated the flexibilities regarding the decision to invest in each step of the project and an build phase abandon option, representing the transfer of concession rights after the auction. (author)

Energy options. Preparing for an uncertain future

International Nuclear Information System (INIS)

Andrews, H.R.; Harvey, M.

1988-02-01

We must begin now to plan to replace fossil fuels as a major energy source. Few energy sources are capable of supplying the vast amount of energy required. The only options that can play a major role are coal, hydro-electricity, and nuclear. The soft energy options are not reliable: we cannot control the blowing of the wind or the shining of the sun; biomass is susceptible to disease. If we were to become too dependent on these we would be surrendering our energy system to the vagaries of nature. A strong electrical system is a cornerstone of energy security. Surplus capacity is often criticized, but a shortfall in supply will cause industrial chaos. Nuclear power is based on a sustainable resource supply, uses a proven technology, is economically competitive, and causes minimal harm to human populations and the environment

Towards Design of Sustainable Energy Systems in Developing Countries: Centralized and Localized Options

Science.gov (United States)

Kursun, Berrin

Energy use in developing countries is projected to equal and exceed the demand in developed countries in the next five years. Growing concern about environmental problems, depletion and price fluctuation of fossil fuels pushes the efforts for meeting energy demand in an environmentally friendly and sustainable way. Hence, it is essential to design energy systems consisting of centralized and localized options that generate the optimum energy mix to meet this increasing energy demand in a sustainable manner. In this study, we try to answer the question, "How can the energy demand in Rampura village be met sustainably?" via two centralized clean coal (CCC) technology and three localized energy technology options analyzed. We perform the analysis of these energy technologies through joint use of donor-side analysis technique emergy analysis (EA) and user-side analysis technique life cycle assessment (LCA). Sustainability of such an energy combination depends on its reliance on renewable inputs rather than nonrenewable or purchased inputs. CCC technologies are unsustainable energy systems dependent on purchased external inputs almost 100%. However, increased efficiency and significantly lower environmental impacts of CCC technologies can lead to more environmentally benign utilization of coal as an energy source. CCC technologies supply electricity at a lower price compared to the localized energy options investigated. Localized energy options analyzed include multi-crystalline solar PV, floating drum biogas digester and downdraft biomass gasifier. Solar PV has the lowest water and land use, however, solar electricity has the highest price with a high global warming potential (GWP). Contrary to general opinion, solar electricity is highly non-renewable. Although solar energy is a 100% renewable natural resource, materials utilized in the production of solar panels are mostly non-renewable purchased inputs causing the low renewability of solar electricity. Best

An assessment of energy options for a remote first nation community. Paper no. IGEC-1-055

International Nuclear Information System (INIS)

Ianniciello, C.; Wild, P.; Pitt, L.; Artz, S.

2005-01-01

Development of renewable energy systems for remote communities is gaining interest among government, utilities, NGOs and the communities themselves as a means of improving lifestyles of community members and showcasing renewable energy systems. The Huu-ay-aht First Nation, whose traditional territory is located on the west side of Vancouver Island in British Columbia, is a community which has energy related problems and energy related opportunities. The objective of this study is to assess possible energy options for the Huu-ay-aht First Nation traditional territory. Current and future energy services within the territory were used as the starting point for developing energy system options. Extensive consultation with community members was instrumental in clearly defining the objectives of the study and understanding the territory's energy demand. The energy demand assessment included an estimation of the electric, heating and transportation loads in the community, an assessment of efficiency and demand side management (DSM) options, and an estimation of potential future demand scenarios. Energy resources were assessed, with viable ones retained for consideration in potential energy system options. The information from the community consultations, demand estimates and resource assessments are being used in the development and analysis of energy system options to support the Huu-ay-aht's energy needs and community goals. (author)

A multi-criteria optimization analysis for Jordan's energy mix

International Nuclear Information System (INIS)

Malkawi, Salaheddin; Al-Nimr, Moh'd; Azizi, Danah

2017-01-01

In this study Jordan's energy options were evaluated and ranked with respect to several criteria clusters including financial, technical, environmental, ecological, social, and risk assessment. The Analytical Hierarchy Process; a multi-criteria decision-making analysis, was selected to evaluate the electricity generation options for Jordan. Energy options covered in the analysis include both conventional and renewable sources. Conventional sources evaluated include Oil and Natural Gas. Renewable sources covered wind, biomass, Photovoltaic and concentrated solar systems. The study also investigated generation from nuclear energy and direct combustion of oil shale as well as demand side savings from energy efficiency measures as a resource. Results indicate that to date; conventional fuels remain Jordan's most feasible options from a technical and financial perspective. Nonetheless diversification is essential to promoting energy security as well as environmental welfare. Results indicate that Jordan's best diversification options are nuclear, oil shale, biomass, and wind energy. - Highlights: • A Multi-Criteria Optimization Analysis technique was used to compare nine electricity generation options. • Options considered included Fossil Fuel sources, Nuclear Energy , Renewable Energy and Energy Efficiency. • Six criteria clusters were considered: financial, technical, environmental, ecological, social, and risk assessment. • Results outline potential policy implications for diversifying Jordan's energy mix. • Conventional fuels remain integral and Oil shale, Nuclear, Biomass and Wind offer the best diversification potential.Tag as highlight.

Fusion as an energy option

International Nuclear Information System (INIS)

Steiner, D.

1976-01-01

The environmental issues, alternative fusion fuels, the economic potential, and the time scale of fusion power are assessed. It is common for the advocate of a long-term energy source to claim his source (fission, fusion, solar, etc.) as the ultimate solution to man's energy needs. The author does not believe that such a stance will lead to a rational energy policy. Dr. Steiner encourages a long-term energy policy that has as its goal the development of fission breeders, fusion, and solar energy--not be totally reliant on a single source. He does advocate vigorous funding for fusion, not because it is a guarantee for ''clean, limitless, and cheap power,'' but because it may provide an important energy option for the next century

Energy efficiency business options for industrial end users in Latin American competitive energy markets: The case of Colombia

Science.gov (United States)

Botero, Sergio

2002-01-01

Energy markets today in Latin America and worldwide are being restructured from monopolies, either state-owned or privately-owned, to be more openly competitive and incorporate more participation from the private sector. Thus, the schemes that were formerly developed to foster end use energy efficiency are no longer applicable because they were based on mandatory regulations made with political decisions, without sufficiently considering economic feasibility. A consensus exists that the only way energy efficiency could survive in this new paradigm is by being market oriented, giving better services, and additional options to users. However; there is very little information on what end users prefer, and which options would most satisfy customers. Using Colombia as a case study, this research determines and categorizes the energy efficiency business options for large energy end users that can freely participate in the competitive energy market. The energy efficiency market is understood as a market of services aiming to increase efficiency in energy use. These services can be grouped into seven business options. A survey, following the descriptive method, was sent to energy end users in order to determine their preferences for specific energy efficiency business options, as well as the decision-making criteria taken into account for such options. This data was categorized in ten industry groups. As a conclusion, energy efficiency providers should adapt not only to the economic activity or processes of each customer, but also to the potential business options. It was also found that not all industries consider performance contracting as their most preferred option, as a matter of fact, some industries show much higher preference for conventional business options. Among end users, the divergence in option preferences contrasted with the convergence in decision-making criteria. The decision-making criteria "cost-benefit ratio" overwhelmed all other criterion. End users

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)

Is recycling the best policy option? Insights from life cycle analysis

Energy Technology Data Exchange (ETDEWEB)

Gaines, L.L.; Stodolsky, F.

1996-03-01

The public perceives that the more we recycle, the better off we are. However, both the concept of recycling and the benefits to be achieved from recycling are somewhat vague. To determine the best option for disposition of a material at the end of its first use, we need to first define the available options and then clarify the possible goals that can be achieved by them. The best option will depend on the material, goals to be achieved, and location-dependent factors, such as costs, resources, and regulations. This paper presents the results of a life-cycle energy analysis of kraft paper and newsprint by Argonne National Laboratory. They indicate that under some circumstances, the option of fiber-energy recovery will maximize the benefits that can. be realized from the U.S. used paper resource.

Renewable energy off-grid power systems: options for energy suppliers

International Nuclear Information System (INIS)

Trouchet, K.

1992-01-01

SURVIVOR ENERGY SYSTEMS package a range of wind-based renewable energy systems for the supply of 24-hour power to off-grid homesteads and communities. This paper presents a leasing package for these power users and illustrates their cost effectiveness in comparison with stand-alone diesel and comparative hybrid power options. This offer is seen as a alternative for energy planners and supply agencies for their off-grid clients. 6 refs., 3 tabs., 3 figs

Energy priorities and options for the European Community

International Nuclear Information System (INIS)

Audland, C.J.

1984-01-01

The paper discusses the energy priorities and options for the European Community. Reasons for the recent improvement in the efficiency of energy use are briefly discussed, as well as the outlook for 1990, priorities for the future, solid fuels. natural gas, electricity and nuclear energy. Energy policy considerations in the United Kingdom are also mentioned. (U.K.)

Chapter 7: Renewable Energy Options and Considerations for Net Zero Installations

Energy Technology Data Exchange (ETDEWEB)

Booth, Samuel

2017-03-15

This chapter focuses on renewable energy options for military installations. It discusses typical renewable technologies, project development, and gives examples. Renewable energy can be combined with conventional energy sources to provide part or all of the energy demand at an installation. The appropriate technology mix for an installation will depend on site-specific factors such as renewable resources, energy costs, local energy policies and incentives, available land, mission compatibility, and other factors. The objective of this chapter is to provide basic background information and resources on renewable energy options for NATO leaders and energy personnel.

Uranium Resource Availability Analysis of Four Nuclear Fuel Cycle Options

International Nuclear Information System (INIS)

Youn, S. R.; Lee, S. H.; Jeong, M. S.; Kim, S. K.; Ko, W. I.

2013-01-01

Making the national policy regarding nuclear fuel cycle option, the policy should be established in ways that nuclear power generation can be maintained through the evaluation on the basis of the following aspects. To establish the national policy regarding nuclear fuel cycle option, that must begin with identification of a fuel cycle option that can be best suited for the country, and the evaluation work for that should be proceeded. Like all the policy decision, however, a certain nuclear fuel cycle option cannot be superior in all aspects of sustain ability, environment-friendliness, proliferation-resistance, economics, technologies, which make the comparison of the fuel cycle options very complicated. For such a purpose, this paper set up four different fuel cycle of nuclear power generation considering 2nd Comprehensive Nuclear Energy Promotion Plan(CNEPP), and analyzed material flow and features in steady state of all four of the fuel cycle options. As a result of an analysis on material flow of each nuclear fuel cycle, it was analyzed that Pyro-SFR recycling is most effective on U resource availability among four fuel cycle option. As shown in Figure 3, OT cycle required the most amount of U and Pyro-SFR recycle consumed the least amount of U. DUPIC recycling, PWR-MOX recycling, and Pyro-SFR recycling fuel cycle appeared to consumed 8.2%, 12.4%, 39.6% decreased amount of uranium respectively compared to OT cycle. Considering spent fuel can be recycled as potential energy resources, U and TRU taken up to be 96% is efficiently used. That is, application period of limited uranium natural resources can be extended, and it brings a great influence on stable use of nuclear energy

Energy policy options for Illinois. Proceedings. [26 papers

Energy Technology Data Exchange (ETDEWEB)

1977-01-01

Twenty-six papers presented at the Fifth Annual Oil Illinois Energy Conference are categorized into five sections, namely: An overview of U.S. and Illinois Energy Policy; Energy Policy; Conservation--Solar--Biomass and Solid Wastes; Energy Policy; Petroleum and Natural Gas; Energy Policy; Coal and Electric Utilities; and Economic and Consumer Concerns. One paper, A Perspective on Long-Range Nuclear Energy Options, by William O. Harms has previously appeared in EAPA 4: 1364. (MCW)

Cost, energy, global warming, eutrophication and local human health impacts of community water and sanitation service options.

Science.gov (United States)

Schoen, Mary E; Xue, Xiaobo; Wood, Alison; Hawkins, Troy R; Garland, Jay; Ashbolt, Nicholas J

2017-02-01

We compared water and sanitation system options for a coastal community across selected sustainability metrics, including environmental impact (i.e., life cycle eutrophication potential, energy consumption, and global warming potential), equivalent annual cost, and local human health impact. We computed normalized metric scores, which we used to discuss the options' strengths and weaknesses, and conducted sensitivity analysis of the scores to changes in variable and uncertain input parameters. The alternative systems, which combined centralized drinking water with sanitation services based on the concepts of energy and nutrient recovery as well as on-site water reuse, had reduced environmental and local human health impacts and costs than the conventional, centralized option. Of the selected sustainability metrics, the greatest advantages of the alternative community water systems (compared to the conventional system) were in terms of local human health impact and eutrophication potential, despite large, outstanding uncertainties. Of the alternative options, the systems with on-site water reuse and energy recovery technologies had the least local human health impact; however, the cost of these options was highly variable and the energy consumption was comparable to on-site alternatives without water reuse or energy recovery, due to on-site reuse treatment. Future work should aim to reduce the uncertainty in the energy recovery process and explore the health risks associated with less costly, on-site water treatment options. Copyright © 2016 Elsevier Ltd. All rights reserved.

Strategies for implementation of CO2-mitigation options in Nigeria's energy sector

International Nuclear Information System (INIS)

Ibitoye, F.I.; Akinbami, J.-F.K.

1999-01-01

Recent studies indicate that Nigeria's CO 2 budget was about 164 million tonnes (MTons) in 1990, of which the energy sector contributed close to 55%. It is expected that CO 2 emissions emanating from the energy sector will increase from 90 MTons in 1990 to about 3 times this value in another 30 years, assuming a least-cost moderate development scenario. A number of viable CO 2 -mitigation options have already been identified in the energy sector, some of them the so-called 'win-win' options. As attractive as some of these options might appear, their implementation will depend on the removal of certain barriers. These barriers include a lack of legislative framework, a lack of awareness, a lack of access to appropriate technology, as well as inappropriate energy-pricing policies, among others. The paper presents an overview of Nigeria's energy-sector, the CO 2 mitigation-options, the factors militating against implementation of the options, and some policy recommendations for removal of the barriers. (Copyright (c) 1999 Elsevier Science B.V., Amsterdam. All rights reserved.)

Globalization of the energy sector: Environmental challenges and options for future actions

Energy Technology Data Exchange (ETDEWEB)

Benavides, Pablo

1998-12-01

This publication relates to environmental challenges of the energy sector and options for future action. Following themes are discussed: Globalisation of the energy sector; environmental challenges; the challenge of climate change; options for future action

The meaning of results. Understanding comparative risk assessments of energy options

International Nuclear Information System (INIS)

Wilson, R.; Holland, M.; Rabl, A.; Dreicer, M.

1999-01-01

Results of comparative risk assessments can be used for a range of potential applications: choice and balance of technologies for strategic energy planning; choice of a new power plant; optimal dispatching of existing plants; optimization of regulations (emission limits, environmental quality objectives such as air quality limits, tradable permits, pollution taxes); accounting for climate change. When reporting the results of comparative risk assessment, a number of factors should be clear: precise nature of the energy system being assessed; what has been excluded from the analysis; sources of data used in assessment; assumptions that have been made; and what the analysts and other experts have regarded as the key sensitivities in the analysis. If all factors are addressed, the results of comparative risk assessment will prove to be an essential resource for making the best decisions about energy options and policies

Analysis of federal policy options for improving US lighting energy efficiency: Commercial and residential buildings

Energy Technology Data Exchange (ETDEWEB)

Atkinson, B.A.; McMahon, J.E.; Mills, E.; Chan, P.; Chan, T.W.; Eto, J.H.; Jennings, J.D.; Koomey, J.G.; Lo, K.W.; Lecar, M.; Price, L.; Rubinstein, F.; Sezgen, O.; Wenzel, T.

1992-12-01

The US Department of Energy (DOE) has recognized the opportunity to achieve energy, economic, and environmental benefits by promoting energy-efficient lighting through federal policies, including lighting standards, financial incentives, and information programs. To assist in this process, the Office of Conservation and Renewable Energy`s Office of Codes and Standards invited Lawrence Berkeley Laboratory to assess prospective national impacts for a variety of policy options. Some progress has already been made in developing lighting policies at both the federal and state levels. The US DOE`s Office of Building Technologies has evaluated lighting efficiency incentives as part of its analysis for the National Energy Strategy. Fluorescent and incandescent lamp standards are included in the national Energy Policy Act of 1992 (P.L. 102-486, October 24, 1992). A few states have analyzed or implemented lamp and luminaire standards. Many policy-related issues merit further investigation. For example, there is considerable debate over issues such as mandatory or voluntary standards versus component labeling and other education-oriented strategies. Several different technologies are involved that interact with each other-lamps (incandescent, compact fluorescent, and HID), ballasts (for fluorescent and HID lamps), and fixtures with reflectors and lenses. Control systems and operation patterns must also be considered (timers, automated dimming, or occupancy sensors). Lighting applications are diverse, ranging from offices, restaurants, hallways, hospital operating rooms, to exterior lights. Lighting energy use influences heating and cooling requirements in buildings. Successful lighting system design must also address interactions between architectural design elements and daylighting availability. Proper system installation and ongoing operation and maintenance are crucial. The economic aspects of the preceding points must also be considered for policy making.

Energy conservation options for cooking with biomass in Ghana

DEFF Research Database (Denmark)

Nielsen, Per Sieverts; Næraa, Rikke; Karlsson, Kenneth

1996-01-01

Cooking is the main energy consuming activity in Ghana. This is mainly due to a generally low material standard of living, but also because the cooking process itself is energy inefficient. The fuel for cooking in Ghana is mainly biomass either in the form of wood, agricultural residues or charcoal....... An energy chain for the cooking process is established and the possible conservation options are surveyed in kitchen performance tests in Abodom in the tropical zone of Ghana. The energy consumption for the food preparation has been measured and energy saving options have been determined for some parts...... point has been reached. Most cooks tend to continue using a high heat supply even though it is not necessary. This process is often carried out without lid on the pot even though the use of lid will reduce the energy loss considerably. It is also concluded that the average fuelwood consumption in Abodom...

Options for new Swiss energy supply strategies

International Nuclear Information System (INIS)

Gantner, U.; Hirschberg, S.; Jakob, M.

1999-01-01

Ecologically neutral, cost efficient, without supply shortages, independent from foreign countries, risk- and waste-free - that is the image of an ideal future energy supply. But even if considerable ecological and economical improvements of various energy supply options can be achieved, the next generation of heat and power plants with the associated up- and down-stream parts of energy chains, will not comply with all such idealistic requirements. As research in the framework of the GaBE Project on 'Comprehensive Assessment of Energy Systems' has shown, among the reasons for this are the limited medium term potential of renewable energy sources, and the necessity to employ primarily non-renewable energy carriers for the emerging more efficient energy conversion processes. (author)

National Options for a Sustainable Nuclear Energy System: MCDM Evaluation Using an Improved Integrated Weighting Approach

Directory of Open Access Journals (Sweden)

Ruxing Gao

2017-12-01

Full Text Available While the prospects look bright for nuclear energy development in China, no consensus about an optimum transitional path towards sustainability of the nuclear fuel cycle has been achieved. Herein, we present a preliminary study of decision making for China’s future nuclear energy systems, combined with a dynamic analysis model. In terms of sustainability assessment based on environmental, economic, and social considerations, we compared and ranked the four candidate options of nuclear fuel cycles combined with an integrated evaluation analysis using the Multi-Criteria Decision Making (MCDM method. An improved integrated weighting method was first applied in the nuclear fuel cycle evaluation study. This method synthesizes diverse subjective/objective weighting methods to evaluate conflicting criteria among the competing decision makers at different levels of expertise and experience. The results suggest that the fuel cycle option of direct recycling of spent fuel through fast reactors is the most competitive candidate, while the fuel cycle option of direct disposal of all spent fuel without recycling is the least attractive for China, from a sustainability perspective. In summary, this study provided a well-informed decision-making tool to support the development of national nuclear energy strategies.

Analysis of federal policy options for improving US lighting energy efficiency: Commercial and residential buildings

Energy Technology Data Exchange (ETDEWEB)

Atkinson, B.A.; McMahon, J.E.; Mills, E.; Chan, P.; Chan, T.W.; Eto, J.H.; Jennings, J.D.; Koomey, J.G.; Lo, K.W.; Lecar, M.; Price, L.; Rubinstein, F.; Sezgen, O.; Wenzel, T.

1992-12-01

The US Department of Energy (DOE) has recognized the opportunity to achieve energy, economic, and environmental benefits by promoting energy-efficient lighting through federal policies, including lighting standards, financial incentives, and information programs. To assist in this process, the Office of Conservation and Renewable Energy's Office of Codes and Standards invited Lawrence Berkeley Laboratory to assess prospective national impacts for a variety of policy options. Some progress has already been made in developing lighting policies at both the federal and state levels. The US DOE's Office of Building Technologies has evaluated lighting efficiency incentives as part of its analysis for the National Energy Strategy. Fluorescent and incandescent lamp standards are included in the national Energy Policy Act of 1992 (P.L. 102-486, October 24, 1992). A few states have analyzed or implemented lamp and luminaire standards. Many policy-related issues merit further investigation. For example, there is considerable debate over issues such as mandatory or voluntary standards versus component labeling and other education-oriented strategies. Several different technologies are involved that interact with each other-lamps (incandescent, compact fluorescent, and HID), ballasts (for fluorescent and HID lamps), and fixtures with reflectors and lenses. Control systems and operation patterns must also be considered (timers, automated dimming, or occupancy sensors). Lighting applications are diverse, ranging from offices, restaurants, hallways, hospital operating rooms, to exterior lights. Lighting energy use influences heating and cooling requirements in buildings. Successful lighting system design must also address interactions between architectural design elements and daylighting availability. Proper system installation and ongoing operation and maintenance are crucial. The economic aspects of the preceding points must also be considered for policy making.

Real Options Valuation of U.S. Federal Renewable Energy Research,Development, Demonstration, and Deployment

Energy Technology Data Exchange (ETDEWEB)

Siddiqui, Afzal S.; Marnay, Chris; Wiser, Ryan H.

2005-03-01

Benefits analysis of US Federal government funded research, development, demonstration, and deployment (RD3) programs for renewable energy (RE) technology improvement typically employs a deterministic forecast of the cost and performance of renewable and nonrenewable fuels. The benefits estimate for a program derives from the difference between two forecasts, with and without the RD3 in place. The deficiencies of the current approach are threefold: (1) it does not consider uncertainty in the cost of non-renewable energy (NRE), and the option or insurance value of deploying RE if and when NRE costs rise; (2) it does not consider the ability of the RD3 manager to adjust the RD3 effort to suit the evolving state of the world, and the option value of this flexibility; and (3) it does not consider the underlying technical risk associated with RD3, and the impact of that risk on the programs optimal level of RD3 effort. In this paper, a rudimentary approach to determining the option value of publicly funded RE RD3 is developed. The approach seeks to tackle the first deficiency noted above by providing an estimate of the options benefit of an RE RD3 program in a future with uncertain NRE costs.While limited by severe assumptions, a computable lattice of options values reveals the economic intuition underlying the decision-making process. An illustrative example indicates how options expose both the insurance and timing values inherent in a simplified RE RD3 program that coarsely approximates the aggregation of current Federal RE RD3.This paper also discusses the severe limitations of this initial approach, and identifies needed model improvements before the approach can adequately respond to the RE RD3 analysis challenge.

An analysis of international nuclear fuel supply options

Science.gov (United States)

Taylor, J'tia Patrice

As the global demand for energy grows, many nations are considering developing or increasing nuclear capacity as a viable, long-term power source. To assess the possible expansion of nuclear power and the intricate relationships---which cover the range of economics, security, and material supply and demand---between established and aspirant nuclear generating entities requires models and system analysis tools that integrate all aspects of the nuclear enterprise. Computational tools and methods now exist across diverse research areas, such as operations research and nuclear engineering, to develop such a tool. This dissertation aims to develop methodologies and employ and expand on existing sources to develop a multipurpose tool to analyze international nuclear fuel supply options. The dissertation is comprised of two distinct components: the development of the Material, Economics, and Proliferation Assessment Tool (MEPAT), and analysis of fuel cycle scenarios using the tool. Development of MEPAT is aimed for unrestricted distribution and therefore uses publicly available and open-source codes in its development when possible. MEPAT is built using the Powersim Studio platform that is widely used in systems analysis. MEPAT development is divided into three modules focusing on: material movement; nonproliferation; and economics. The material movement module tracks material quantity in each process of the fuel cycle and in each nuclear program with respect to ownership, location and composition. The material movement module builds on techniques employed by fuel cycle models such as the Verifiable Fuel Cycle Simulation (VISION) code developed at the Idaho National Laboratory under the Advanced Fuel Cycle Initiative (AFCI) for the analysis of domestic fuel cycle. Material movement parameters such as lending and reactor preference, as well as fuel cycle parameters such as process times and material factors are user-specified through a Microsoft Excel(c) data spreadsheet

Multi-attribute criteria applied to electric generation energy system analysis LDRD.

Energy Technology Data Exchange (ETDEWEB)

Kuswa, Glenn W.; Tsao, Jeffrey Yeenien; Drennen, Thomas E.; Zuffranieri, Jason V.; Paananen, Orman Henrie; Jones, Scott A.; Ortner, Juergen G. (DLR, German Aerospace, Cologne); Brewer, Jeffrey D.; Valdez, Maximo M.

2005-10-01

This report began with a Laboratory-Directed Research and Development (LDRD) project to improve Sandia National Laboratories multidisciplinary capabilities in energy systems analysis. The aim is to understand how various electricity generating options can best serve needs in the United States. The initial product is documented in a series of white papers that span a broad range of topics, including the successes and failures of past modeling studies, sustainability, oil dependence, energy security, and nuclear power. Summaries of these projects are included here. These projects have provided a background and discussion framework for the Energy Systems Analysis LDRD team to carry out an inter-comparison of many of the commonly available electric power sources in present use, comparisons of those options, and efforts needed to realize progress towards those options. A computer aid has been developed to compare various options based on cost and other attributes such as technological, social, and policy constraints. The Energy Systems Analysis team has developed a multi-criteria framework that will allow comparison of energy options with a set of metrics that can be used across all technologies. This report discusses several evaluation techniques and introduces the set of criteria developed for this LDRD.

Solar energy options: Technical economic analysis

Energy Technology Data Exchange (ETDEWEB)

Visentin, R

1982-01-01

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

Towards more financing options for energy efficient buildings and houses

International Nuclear Information System (INIS)

Vethman, P.; Menkveld, M.

2012-02-01

This article offers an impression of the problems related to the limited financial options for energy efficient buildings and dwellings and possible solutions. It is based on a recent ECN study (RE-BIZZ) and several interviews about this topic with financers. There is a need for a more business appreciation of market parties such as financers for energy efficiency in buildings to increase financing options. The market needs the help of the government, which can help to remove barriers and hence make financing more appealing. [nl

Renewable energy policy evaluation using real option model. The case of Taiwan

International Nuclear Information System (INIS)

Lee, Shun-Chung; Shih, Li-Hsing

2010-01-01

This study presents a policy benefit evaluation model that integrates cost efficiency curve information on renewable power generation technologies into real options analysis (ROA) methods. The proposed model evaluates quantitatively the policy value provided by developing renewable energy (RE) in the face of uncertain fossil fuel prices and RE policy-related factors. The economic intuition underlying the policy-making process is elucidated, while empirical analysis illustrates the option value embedded in the current development policy in Taiwan for wind power. In addition to revealing the benefits that RE development provides when considering real options, analytical results indicate that ROA is a highly effective means of quantifying how policy planning uncertainty including managerial flexibility influences RE development. In addition to assessing the policy value of current RE development policy, this study also compares policy values in terms of internalized external costs and varying feed-in tariff (FIT). Simulation results demonstrate that the RE development policy with internalized CO 2 emission costs is appropriate policy planning from sustainability point of view. Furthermore, relationship between varying FIT and policy values can be shown quantitatively and appropriate FIT level could be determined accordingly. (author)

Real options valuation of US federal renewable energy research, development, demonstration, and deployment

International Nuclear Information System (INIS)

Siddiqui, Afzal S.; Marnay, Chris; Wiser, Ryan H.

2007-01-01

Benefits analysis of US Federal government research, development, demonstration, and deployment (RD 3 ) programmes for renewable energy (RE) technology improvement typically employs a deterministic forecast of the cost and performance of renewable and non-renewable fuels. The benefits estimate for the programme derives from the difference between two forecasts, with and without the RD 3 programme in place. Three deficiencies of this approach are that it ignores: (1) uncertainty in the cost of non-renewable energy (NRE); (2) the possibility of adjustment to the RD 3 effort commensurate with the evolving state of the world; and (3) the underlying technical risk associated with RD 3 . In this paper, an intuitive approach to determining the option value of RE RD 3 is developed. This approach seeks to tackle the first two deficiencies noted above by providing an estimate via a compound real option of an RE RD 3 programme in a future with uncertain NRE costs. A binomial lattice reveals the economic intuition underlying the decision-making process, while a numerical example illustrates the option components embedded in a simplified representation of current US Federal RE RD 3

Energy analysis of ethanol production from sweet sorghum

Energy Technology Data Exchange (ETDEWEB)

Worley, J.W. (Georgia Univ., Athens, GA (United States). Dept. of Agricultural Engineering); Vaughan, D.H.; Cundiff, J.S. (Virginia Polytechnic Inst. and State Univ., Blacksburg, VA (United States). Dept. of Agricultural Engineering)

1992-01-01

The Piedmont System is a collection of equipment for efficiently removing the juice from sweet sorghum stalks for the production of ethanol. The concept is to separate the whole stalks into pith and rind-leaf fractions, pass only the pith fraction through a screw press, and thus achieve an improvement in juice-expression efficiency and press capacity. An energy analysis was done for two options of this proposed harvesting/processing system: (Option 1) The juice is evaporated to syrup and used throughout the year to produce ethanol, and the by-products are used as cattle feed. (Option 2) The juice is fermented as it is harvested, and the by-products (along with other cellulosic materials) are used as feedstock for the remainder of the year. Energy ratios (energy output/energy input) of 0.9, 1.1 and 0.8 were found for sweet sorghum Option 1, sweet sorghum Option 2, and corn, respectively, as feedstocks for ethanol. If only liquid fuels are considered, the ratios are increased to 3.5, 7.9 and 4.5. (author).

Input by insight. Implementation of renewable energy in 2050 taking into account macro-economical aspects and fitting-in options in sectors

International Nuclear Information System (INIS)

Van de Reepe, D.

2001-11-01

In the determination of the potential of renewable energy two factors are important: (1) macro-economical consequences for the Netherlands because of the use of renewable energy sources, and (2) the possibilities of renewable energy to fulfil the energy demands of the several sectors. The main question to be answered in this report is: What is the maximum quantity of renewable energy that can be realized in 2050? The answer will be expressed in the percentage of renewable energy in relation to the total secondary energy demand (excluding non-energetic use of energy carriers). The aim is, that 50% of the energy supply is produced by renewable energy sources. The quantity is eventually determined by the influence of these renewable energy options on the macro-economical position of the Netherlands and the extent to which renewable energy supply meets the energy demands of the several sectors. The macro-economical consequences are determined on the basis of the cost and sensitivities of the several renewable energy options in 2050. Subquestions to answer the main question concern energy demand, renewable energy options, multi-criteria analysis and contemplation. The energy demand in 2050 and the energy profiles of the sectoral energy demand of secondary energy carriers are determined. The renewable energy options, wind energy (onshore and offshore), bioenergy, photovoltaic energy and thermal solar energy, heat pumps and import of green electricity and biomass, are investigated on several factors: Maximal realizable potential; Cost (Cost reduction until 2050, Investment cost, O and M-cost and fuel cost, Total cost, Out of pocket cost); Need for energy storage and cost for fitting in the energy grid; Integration with other renewable energy sources; Availability in sectors; Sensitivity analysis. These data are used in a multi-criteria analysis with four quantitative criteria. The results of this multi-criteria analysis are combined with qualitative criteria with regard

Energy and sustainable development: issues and options

International Nuclear Information System (INIS)

Appert, O.

2001-01-01

Future development needs to be sustainable in all of its dimensions if it is to continue to fully contribute to human welfare. In the achievement of this objective, the manner in which energy is produced and consumed is of crucial importance. In the wake of these insights, first attempts begin to provide concrete options for steps towards sustainability in the energy sector. Two criteria can be identified for developing sustainable development policies. First, such policies need to strike a balance between the three dimensions of sustainable development - economic, environmental and social - acknowledging that all three are intrinsically linked. Second, policies in the energy sector need to reduce exposure to large-scale risks and improve the resilience of the energy system through active risk management and diversification. (authors)

Future energy options for developing countries

Energy Technology Data Exchange (ETDEWEB)

Zaric, Z P

1982-05-01

An educated guess is made of the energy demand in developing countries well into the next century in order to estimate the possible role of new and renewable sources in meeting this demand. The world is roughly divided into industrialized (IND) and developing (LDC) countries. A plot of energy demand in both parts shows a possible structure of mixed energy to meet LDC demand, but there is a gap between demand and supply from conventional sources in LDCs that has to be met by new and renewable sources. When the demand for specific energy forms is projected, as much as two thirds of the final energy needed from new sources should be based on centralized-electricity and liquid-fuels technologies. Solar and geothermal energy must compete with nuclear and thermonuclear breeders, while solar prospects for chemical fuel supply in LDCs lacking adequate coal reserves seems promising. There is a large gap in research and development (R and D) spending on new energy between the two parts, which means that LDCs will have inappropriate technology at a high price. An increase in R and D spending on a regional basis should target funds to appropriate options. 6 references, 7 figures.

Uruguay Energy Supply Options Study: a Detailed Multi-Sector Integrated Energy Supply and Demand Analysis

International Nuclear Information System (INIS)

Conzelmann, G.; Veselka, T.

1997-01-01

Uruguay is in the middle of making critical decisions affecting the design of its future energy supply system.Momentum for change is expected to come from several directions including recent and foreseeable upgrades and modifications to energy conversion facilities, the importation of natural gas from Argentina, the possibility for a stronger interconnection of regional electricity systems, the country s membership in MERCOSUR, and the potential for energy sector reforms by the Government of Uruguay.The objective of this study is to analyze the effects of several fuel diversification strategies on Uruguay s energy supply system.The analysis pays special attention to fuel substitution trends due to potential imports of natural gas via a gas pipeline from Argentina and increasing electricity ties with neighboring countries.The Government of Uruguay contracted Argonne National Laboratory (ANL) to study several energy development scenario ns with the support of several Uruguayan Institutions.Specifically, ANL was asked to conduct a detailed energy supply and demand analysis, develop energy demand projections based on an analysis of past energy demand patterns with support from local institutions, evaluate the effects of potential natural gas imports and electricity exchanges, and determine the market penetration of natural gas under various scenarios

Social risks and the energy option

Energy Technology Data Exchange (ETDEWEB)

Orr, D

1977-04-01

A minimax strategy is proposed to deal with the possibility of large-scale disaster while pursuing energy options, none of which is without risks and uncertainties. Readjustments of energy-consumption levels can lower capital demands enough to avoid irreversible commitments to high-risk technologies. The four requirements of a society using the minimax strategy are: (1) commitment to conservation, (2) re-structuring to promote efficiency, (3) new social values and standards, and (4) a gradual replacement of conventional with renewable energy technology. Some proposals, such as that of beaming microwaves to earth from satellites, are not only capital-intensive but introduce new risk potential. A better approach is seen to be a small-scale, decentralized society that minimizes the impact of accidents while maximizing the resilience and democracy of human development. A society operating under sustainable energy offers, by including citizen involvement in public policy, opportunities for creativity in individuals and institutions. (15 references) (DCK)

Linking renewable energy CDM projects and TGC schemes: An analysis of different options

International Nuclear Information System (INIS)

Del Rio, Pablo

2006-01-01

Renewable energy CDM (RE-CDM) projects encourage cost-effective GHG mitigation and enhanced sustainable development opportunities for the host countries. CERs from CDM projects include the value of the former benefits (i.e., 'climate change benefits'), whereas the second can be given value through the issuing and trading of tradable green certificates (TGCs). Countries could agree to trade these TGCs, leading to additional revenues for the investors in renewable energy projects and, therefore, further encouraging the deployment of CDM projects, currently facing significant barriers. However, the design of a combination of CDM projects and TGC schemes raises several conflicting issues and leads to trade-offs. This paper analyses these issues, identifies the alternatives that may exist to link TGC schemes with RE-CDM projects and analyses the impacts of those options on different variables and actors

Linking renewable energy CDM projects and TGC schemes: An analysis of different options

Energy Technology Data Exchange (ETDEWEB)

Del Rio, Pablo [Department of Economics and Business, Facultad de Ciencias Juridicas y Sociales, Universidad de Castilla-La Mancha, C/ Cobertizo de S. Pedro Martir s/n., Toledo-45071 (Spain)]. E-mail: pablo.rio@uclm.es

2006-11-15

Renewable energy CDM (RE-CDM) projects encourage cost-effective GHG mitigation and enhanced sustainable development opportunities for the host countries. CERs from CDM projects include the value of the former benefits (i.e., 'climate change benefits'), whereas the second can be given value through the issuing and trading of tradable green certificates (TGCs). Countries could agree to trade these TGCs, leading to additional revenues for the investors in renewable energy projects and, therefore, further encouraging the deployment of CDM projects, currently facing significant barriers. However, the design of a combination of CDM projects and TGC schemes raises several conflicting issues and leads to trade-offs. This paper analyses these issues, identifies the alternatives that may exist to link TGC schemes with RE-CDM projects and analyses the impacts of those options on different variables and actors.

Energy and emission scenarios for China in the 21st century. Exploration of baseline development and mitigation options

NARCIS (Netherlands)

Vuuren DP van; Fengqi Zhou; Vries HJM de; Kejun Jiang; Graveland C; Yun Li; Energy Research Institute,; MNV

2001-01-01

The purpose of the study reported here was to explore possible baseline developments and available options for mitigating emissions in China. The first part of the report deals with an analysis and overview of available data on historic energy production and consumption trends and current energy

Sustainablility of nuclear and non-nuclear energy supply options in Europe

International Nuclear Information System (INIS)

Kirchsteiger, C.

2007-01-01

In the course of the current discussion on promoting the economical competitiveness of sustainable energy systems, especially renewable and non-CO 2 -intensive ones, interest in nuclear energy has re-awakened in Europe (''nuclear renaissance''). This paper starts with presenting the concept of energy sustainability and its main elements. Next, an overview of the main results of sustainability assessments for different energy supply options (nuclear, fossil, renewables) covering full energy chains is given. Nuclear energy's typical strong and weak points are identified from a sustainability point of view. On the basis of these results, it is argued that more emphasis on nuclear energy's (very good) total cost performance, i.e. incl. externalities, rather than on its (very good) contribution to combating climate change would stronger benefit its ''renaissance''. Finally, the development of an overall EU-wide framework is proposed in order to assess the sustainability performance of alternative energy supply options, incl. nuclear, across their lifecycle and thus support decision making on developing sustainable energy mixes. (orig.)

A multi-criteria analysis of options for energy recovery from municipal solid waste in India and the UK.

Science.gov (United States)

Yap, H Y; Nixon, J D

2015-12-01

Energy recovery from municipal solid waste plays a key role in sustainable waste management and energy security. However, there are numerous technologies that vary in suitability for different economic and social climates. This study sets out to develop and apply a multi-criteria decision making methodology that can be used to evaluate the trade-offs between the benefits, opportunities, costs and risks of alternative energy from waste technologies in both developed and developing countries. The technologies considered are mass burn incineration, refuse derived fuel incineration, gasification, anaerobic digestion and landfill gas recovery. By incorporating qualitative and quantitative assessments, a preference ranking of the alternative technologies is produced. The effect of variations in decision criteria weightings are analysed in a sensitivity analysis. The methodology is applied principally to compare and assess energy recovery from waste options in the UK and India. These two countries have been selected as they could both benefit from further development of their waste-to-energy strategies, but have different technical and socio-economic challenges to consider. It is concluded that gasification is the preferred technology for the UK, whereas anaerobic digestion is the preferred technology for India. We believe that the presented methodology will be of particular value for waste-to-energy decision-makers in both developed and developing countries. Copyright © 2015 Elsevier Ltd. All rights reserved.

Least cost analysis of renewable energy projects

International Nuclear Information System (INIS)

Cosgrove-Davies, M.; Cabraal, A.

1994-01-01

This paper describes the methodology for evaluating dispersed and centralized rural energy options on a least cost basis. In defining the load to be served, each supply alternative must provide equivalent levels of service. The village to be served is defined by the number of loads, load density, distance from the nearest power distribution line, and load growth. Appropriate rural energy alternatives are identified and sized to satisfy the defined load. Lastly, a net present value analysis (including capital, installation, O and M, fuel, and replacement costs, etc.) is performed to identify the least cost option. A spreadsheet-based analytical tool developed by the World Bank's Asia Alternative Energy Unit (ASTAE) incorporates this approach and has been applied to compare photovoltaic solar home systems with other rural energy supply options in Indonesia. Load size and load density are found to be the critical factors in choosing between a grid and off-grid solution

Marketing energy conservation options to Northwest manufactured home buyers

Energy Technology Data Exchange (ETDEWEB)

Hendrickson, P.L.; Mohler, B.L.; Taylor, Z.T.; Lee, A.D.; Onisko, S.A.

1985-06-01

This study relies on extensive, existing survey data and new analyses to develop information that would help design a marketing plan to achieve energy conservation in new manufactured homes. Existing surveys present comprehensive information about regional manufactured home occupants and their homes that are relevant to a potential conservation marketing plan. An independent analysis of the cost-effectiveness of various efficiency improvements provides background information for designing a marketing plan. This analysis focuses on the economic impacts of alternative energy conservation options as perceived by the home owner. Identifying impediments to conservation investments is also very important in designing a marketing plan. A recent report suggests that financial constraints and the need for better information and knowledge about conservation pose the major conservation investment barriers. Since loan interest rates for new manufactured homes typically exceed site-built rates by a considerable amount and the buyers tend to have lower incomes, the economics of manufactured home conservation investments are likely to significantly influence their viability. Conservation information and its presentation directly influences the manufactured home buyer's decision. A marketing plan should address these impediments and their implications very clearly. Dealers express a belief that consumer satisfaction is the major advantage to selling energy efficient manufactured homes. This suggests that targeting dealers in a marketing plan and providing them direct information on consumers' indicated attitudes may be important. 74 refs.

Options for Energy Upgrade of the Hall B Tagger

International Nuclear Information System (INIS)

H. Crannell; D. Sober

1998-01-01

Four options for an energy upgrade of the present Hall-B Tagger have been considered. These are: (1) Boost the magnetic field in the present Tagger; (2) Replace the Tagger with a new Tagger system; (3) Install a pre-Tagger magnetic chacain, and (4) Use the present Tagger as part of the beam dump. In this document each of these options is described briefly, the advantages and disadvantages of each are presented, and a very rough cost of implementation is suggested

Energy and the environment: 'the nuclear option'

International Nuclear Information System (INIS)

Hawley, Robert

1997-01-01

The world's consumption of primary energy continues to rise rapidly, mainly because of the developing countries who cannot yet provide the services essential to improving the quality of life. Increasing energy consumption, the effect it will have on the world's finite resources and, more importantly, on the environment, leave the world's population facing serious challenges. This paper will briefly consider the power generation technology options that offer sustainable development including the role that nuclear power plays today, and will need to play in the next century, to preserve and improve the quality of life worldwide. (author)

Making Homes Part of the Climate Solution: Policy Options To Promote Energy Efficiency

Energy Technology Data Exchange (ETDEWEB)

Brown, Dr. Marilyn Ann [Georgia Institute of Technology; Chandler, Jess [Georgia Institute of Technology; Lapsa, Melissa Voss [ORNL; Ally, Moonis [Oak Ridge National Laboratory (ORNL)

2009-06-01

In the area of energy efficiency, advanced technologies combined with best practices appear to afford not only large, but also cost-effective options to conserve energy and reduce greenhouse gas emissions (McKinsey & Company, 2007). In practice, however, the realization of this potential has often proven difficult. Progress appears to require large numbers of individuals to act knowledgeably, and each individual must often act with enabling assistance from others. Even when consumer education is effective and social norms are supportive, the actions of individuals and businesses can be impeded by a broad range of barriers, many of which are non-technical in nature. Title XVI of the Energy Policy Act of 2005 included a mandate to examine barriers to progress and make recommendations in this regard. A detailed report on barriers as well as the National strategy for overcoming barriers met this requirement (Brown et al, 2008; CCCSTI, 2009). Following up on this mandate, the U.S. Climate Change Technology Program (CCTP) chose to focus next on the development of policy options to improve energy efficiency in residential buildings, with supporting analysis of pros and cons, informed in part by behavioral research. While this work is sponsored by CCTP, it has been undertaken in coordination with DOE's Building Technologies Program and Office of Electricity Delivery and Energy Reliability.

Nuclear power- the inevitable option for future energy needs

International Nuclear Information System (INIS)

Prasad, Y.S.R.

1995-01-01

In the ensuring era development and deployment of electrical power sources will be governed by environmental changes, energy security and economical competitiveness. In the energy-mix scenario nuclear power has the potential and will make significant contributions in the coming decades. It is certain that nuclear power will continue to play a vital role in bridging the widening gap of demand and availability of energy in the years to come. In sum and substance, with the limited energy options available with India, nuclear power must assume greater share to meet the rapidly growing energy demands. Fortunately, country has a sound base for achieving the goal. 14 tabs., 3 figs

Comparative Assessment of Energy Supply Options

International Nuclear Information System (INIS)

Rogner, H.-H.; Vladu, I. F.

2000-01-01

The complexity facing today's energy planners and decision-makers, particularly in electricity sector, has increased. They must take into account many elements in selecting technologies and strategies that will impact near term energy development and applications in their countries. While costs remain a key factor, tradeoffs between the demands of environmental protection and economic development will have to be made. This fact, together with the needs of many countries to define their energy and electricity programmes in a sustainable manner, has resulted in a growing interest in the application of improved data, tools and techniques for comparative assessment of different electricity generation options, particularly from an environmental and human health viewpoint. Although global emissions of greenhouse gases and other pollutants, e.g. SO 2 , NO x and particulate, must be reduced, the reality today is that these emissions are increasing and are expected to continue increasing. In examining the air pollutants, as well as water effluents and solid waste generated by electricity production, it is necessary to assess the full energy chain from fuel extraction to waste disposal, including the production of construction and auxiliary materials. The paper describes this concept and illustrates its implementation for assessing and comparing electricity generation costs, emissions, wastes and other environmental burdens from different energy sources. (author)

Energy options for the United Kingdom

International Nuclear Information System (INIS)

Warner, P.C.

1979-03-01

The purpose of this paper is to put together a picture of the energy policy options of the United Kingdom, drawn mainly from official documents but supplemented by comments and conclusions from the author. For some people the current energy debate is simplified down to nuclear power for and against. Much of this thinking seems to arise from misunderstanding, and the more the technical and social facts behind policy can be sorted out by discussions, the more sensible eventual policy will be. One extreme view, for instance, is that opinion is divided between those who are 'pro-industry, pro-production, and pro-nuclear' and those who are 'interested in ecology and therefore anti-nuclear.' Associations like those are high on the list of myths that need to be dispelled. It is therefore a further purpose of this paper to contribute to the general background of facts for those who are interested in this country's energy policies and who may not have time or the opportunity to work through original sources. Although the theme throughout is energy in the United Kingdom, it will be realised that extension to the world scale simply enhances shortages and problems. The paper is in sections, entitled: overall UK energy consumption; coal; oil; gas; the energy gap; alternative energy sources; the balance of primary resource need; electricity; the nuclear power programme; timing of power plant orders; conclusions. (U.K.)

An environmental perspective on Lithuania's energy options

International Nuclear Information System (INIS)

Banks, A.; Todd, J.

1995-01-01

The views of experts on Lithuania's energy options are reviewed. On the one hand, nuclear energy is seen as an island of stability in the power industry in the conditions of economic crisis, and some decision-makers believe that Lithuania cannot survive without nuclear. On the other hand, the Ignalina NPP is the largest Chernobyl-type RBMK plant within the former Soviet Union, posing a dangerous environmental hazard to the Baltic Sea region, and no upgrading seems to be capable of bringing the reactors up to the safety standards of today's Western reactors. Many experts believe that the only solution is to shut the reactors down as soon as possible. (P.A.) 33 refs

Real options and asset valuation in competitive energy markets

Science.gov (United States)

Oduntan, Adekunle Richard

The focus of this work is to develop a robust valuation framework for physical power assets operating in competitive markets such as peaking or mid-merit thermal power plants and baseload power plants. The goal is to develop a modeling framework that can be adapted to different energy assets with different types of operating flexibilities and technical constraints and which can be employed for various purposes such as capital budgeting, business planning, risk management and strategic bidding planning among others. The valuation framework must also be able to capture the reality of power market rules and opportunities, as well as technical constraints of different assets. The modeling framework developed conceptualizes operating flexibilities of power assets as "switching options' whereby the asset operator decides at every decision point whether to switch from one operating mode to another mutually exclusive mode, within the limits of the equipment constraints of the asset. As a current decision to switch operating modes may affect future operating flexibilities of the asset and hence cash flows, a dynamic optimization framework is employed. The developed framework accounts for the uncertain nature of key value drivers by representing them with appropriate stochastic processes. Specifically, the framework developed conceptualizes the operation of a power asset as a multi-stage decision making problem where the operator has to make a decision at every stage to alter operating mode given currently available information about key value drivers. The problem is then solved dynamically by decomposing it into a series of two-stage sub-problems according to Bellman's optimality principle. The solution algorithm employed is the Least Squares Monte Carlo (LSM) method. The developed valuation framework was adapted for a gas-fired thermal power plant, a peaking hydroelectric power plant and a baseload power plant. This work built on previously published real options valuation

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

Energy and emission scenarios for China in the 21st century - exploration of baseline development and mitigation options

International Nuclear Information System (INIS)

Vuuren, Detlef van; Zhou Fengqi; Vries, Bert de; Jiang Kejun; Graveland, Cor; Li Yun

2003-01-01

In this paper, we have used the simulation model IMAGE/TIMER to develop a set of energy and emission scenarios for China between 1995 and 2100, based on the global baseline scenarios published by IPCC. The purpose of the study was to explore possible baseline developments and available options to mitigate emissions. The two main baseline scenarios of the study differ, among others, in the openness of the Chinese economy and in economic growth, but both indicate a rapid growth in carbon emissions (2.0% and 2.6% per year in the 2000-2050 period). The baseline scenario analysis also shows that an orientation on environmental sustainability can not only reduce other environmental pressures but also lower carbon emissions. In the mitigation analysis, a large number of options has been evaluated in terms of impacts on investments, user costs, fuel imports costs and emissions. It is found that a large potential exists to mitigate carbon emissions in China, among others in the form of energy efficiency improvement (with large co-benefits) and measures in the electricity sector. Combining all options considered, it appears to be possible to reduce emissions compared to the baseline scenarios by 50%

Comparative assessment of energy options and strategies in Mexico until 2025. Final report of a coordinated research project 2000-2004

International Nuclear Information System (INIS)

2005-10-01

Mexico is undergoing significant changes in the energy sector, in particular in the electric power sector, such as the restructuring of power markets; increasing emphasis on socioeconomic and environmental impacts of the electric power system; and consideration of an higher role for energy technologies compatible with sustainable development. The Mexican Government has identified the need for ensuring a sustainable pattern of production, distribution and use of energy and electricity. In this context, a comparative assessment analysis is a prerequisite for planning of the future energy and electricity facilities of the country in order to make timely decisions. It requires the identification of the expected levels of energy and electricity demand and the options that are available to meet these demands, taking special note of the national energy resources and potential imported sources. Further analysis would be needed for the optimization of the supply options to meet the demand in the most efficient and economic manner with due consideration of the environmental impacts and resource requirements. In accordance with its mandate, the IAEA has developed a systematic approach along with a set of computer-based models for elaborating national energy strategies covering the analysis of all of the above aspects. Under its Technical Cooperation Programme, the IAEA provides assistance to its Member States to enhance national capabilities for elaborating sustainable energy development strategies and assessing the role of nuclear power and other energy options, by transferring the analytical tools along with training and providing expertise. The present report describes the results of the Comparative Assessment of Energy Options and Strategies until 2025 study for Mexico conducted by the Secretaria de Energia, in cooperation with several national institutions, in particular the University of Mexico. The comprehensive national analysis focuses on energy and electricity

Wind energy technology: an option for a renewable clean environment energy. Low impact renewable energy: options for a clean environment and healthy Canadian economy

International Nuclear Information System (INIS)

Salmon, J.

1999-01-01

As Canada debates ways to address climate change, the country's low-impact renewable energy industries want to ensure that Canadians are provided with all of the options available to them. Accordingly, they have come together to create Options for a Clean Environment and Healthy Canadian Economy. Recognizing there is no 'silver bullet' solution to climate change, this document identifies an important suite of measures that, along with others, will allow Canada to achieve its long-term economic and environmental goals. The measures described in this document represent an investment in Canada's future. If implemented, they will reduce annual greenhouse gas (GHG) emissions by more than 12 million tonnes (Mt) by the year 2010 (roughly 8% of Canada's reduction target), create thousands of new jobs, and reduce health-care costs by millions of dollars each year. The most significant dividends from these measures, however, will occur after 2010 as a result of having set in motion fundamental changes in the attitudes of Canadians and the nature of the Canadian energy market. By 2020, the spin-off actions prompted by these measures will likely have resulted in GHG reductions twice as great as those achieved in 2010. This document highlights the opportunities associated specifically with Canada's low-impact renewable energy resources. These are non-fossil-fuel resources that are replenished through the earth's natural cycles and have a minimal impact on the environment and human health. They include wind, solar, earth energy, run-of-river hydro and sustainable biomass fuels. These resources can replace fossil fuels in a variety of areas, including electricity and space and water heating. Fuel cells, although not a renewable resource in themselves, are a promising technology that in combination with renewables have the potential to deliver versatile low-impact electricity. The document also identifies opportunities associated with the increased use of passive renewable energy

Impact of Nuclear Energy Futures on Advanced Fuel Cycle Options

International Nuclear Information System (INIS)

Brent W. Dixon; Steven J. Piet

2004-01-01

The Nuclear Waste Policy Act requires the Secretary of Energy to inform Congress before 2010 on the need for a second geologic repository for spent nuclear fuel. By that time, the spent fuel discharged from current commercial reactors will exceed the statutory limit of the first repository (63,000 MTiHM commercial, 7,000 MT non-commercial). There are several approaches to eliminate the need for another repository in this century. This paper presents a high-level analysis of these spent fuel management options in the context of a full range of possible nuclear energy futures. The analysis indicates the best option to implement varies depending on the nuclear energy future selected. The first step in understanding the need for different spent fuel management approaches is to understand the size of potential spent fuel inventories. A full range of potential futures for domestic commercial nuclear energy is considered. These energy futures are as follows: 1. Existing License Completion - Based on existing spent fuel inventories plus extrapolation of future plant-by-plant discharges until the end of each operating license, including known license extensions. 2. Extended License Completion - Based on existing spent fuel inventories plus a plant-by-plant extrapolation of future discharges assuming on all operating plants having one 20-year extension. 3. Continuing Level Energy Generation - Based on extension of the current ∼100 GWe installed commercial base and average spent fuel discharge of 2100 MT/yr through the year 2100. 4. Continuing Market Share Generation - Based on a 1.8% compounded growth of the electricity market through the year 2100, matched by growing nuclear capacity and associated spent fuel discharge. 5. Growing Market Share Generation - Extension of current nuclear capacity and associated spent fuel discharge through 2100 with 3.2% growth representing 1.5% market growth (all energy, not just electricity) and 1.7% share growth. Share growth results in

Energy supply options for climate change mitigation and sustainable development

Energy Technology Data Exchange (ETDEWEB)

Dobran, Flavio

2010-09-15

Modern society is dependent on fossil fuels for its energy needs, but their combustion is producing emissions of greenhouse gases that cause global warming. If these emissions remain unconstrained they risk of producing significant impacts on humanity and ecosystems. Replacement of fossil fuels with alternative energy sources can stabilize anthropogenic global warming and thus reduce the climate change impacts. The deployment of alternative energy supply technologies should be based on objectives that are consistent with sustainability indicators and incorporate quantitative risk assessment multiattribute utility decision methodologies capable of ascertaining effective future energy supply options.

Valuing of research project in energy field with real options

International Nuclear Information System (INIS)

De Blasio, N.; Marzo, G.; Turatto, R.

2008-01-01

This article presents an application of real options theory for valuing a research project in the field of stranded gas valorisation. After a presentation of the theory, the analysis addresses the use of real options evaluation for generating alternative pathways in order to add new value to the R D projects. It also shows how real option approach may be important for selecting among competitive projects, but also for providing a system for valorisation of decision-maker flexibility [it

WELMM approach to energy strategies and options. [Water, energy, land, materials, and manpower

Energy Technology Data Exchange (ETDEWEB)

Grenon, M; Lapillonne, B

1976-12-01

The development of energy resources requires more and more natural or human resources--on the one hand because of the difficulty of ''harvesting'' primary energy resources, and on the other because of the complexity of the sequence of processes necessary to convert these primary resources into useful resources for an economy (final energy). In this context the WELMM approach has been designed to evaluate the resource requirements for the development of energy resources. WELMM focuses mainly on five limited resources: water, energy, land, materials, and manpower. The WELMM evaluation is implemented at the level of the major facilities concerned in the harvesting and conversion of primary energy resources into final resources. All the WELMM data are stored in three different data bases (Resource Data Base, Component Data Base, and Facility Data Base). They are meant to be used to enlarge and complete the traditional economic comparison of energy processes, energy strategies, or energy options.

Analysis of tax incentives for energy-efficient durables in the EU

International Nuclear Information System (INIS)

Markandya, Anil; Ortiz, Ramon Arigoni; Mudgal, Shailendra; Tinetti, Benoit

2009-01-01

Climate change is one of the most significant challenges faced by societies this century. Energy consumption is directly associated with CO 2 emissions and climate change. The European Commission has set out emission reduction targets that require a great deal of energy consumption savings in the next 10 years in European countries. This paper presents the results of an analysis of the potential cost-effectiveness of different policy options aimed to foster the production and consumption of energy-efficient appliances in different European countries. Our results suggest that incentives to promote the use of energy-efficient appliances can be cost-effective, but whether or not they are depends on the particular country and the options under consideration. From the cases considered, tax credits on boilers appear to be a cost-effective option in Denmark and Italy, while subsidies on CFLi bulbs in France and Poland are cost-effective in terms of Euro /ton of CO 2 abated. Comparing the subsidies against the energy tax options, we find that the subsidies are in most cases less cost-effective than the energy tax.

Considering environmental health risks of energy options. Hydraulic fracturing and nuclear power

Energy Technology Data Exchange (ETDEWEB)

MacDonell, Margaret; Raymond, Michelle; Burganowski, Rachael; Vetrone, Andrea; Alonzo, Sydney [Argonne National Laboratory, Argonne, IL (United States). Environmental Science Div.

2014-07-01

Growing public concerns about climate change and environmental health impacts related to energy production have led to increased consideration of alternate sources. Nuclear power and unconventional oil and shale gas development are among the options least favored by the public, with pollutant releases resulting from routine operations as well as accidents being among the key concerns. Advances in ICT approaches and the increasingly widespread accessibility of information resources and tools have facilitated community-based initiatives and broader data sharing that can directly contribute to more informed evaluations of energy options, toward more sustainable programs from the local to the global scale.

Wind energy options in the Netherlands

International Nuclear Information System (INIS)

Arkesteijn, L.A.G.; Havinga, R.J.

1992-07-01

Next to a study of the title subject attention is paid to the quantification of the wind energy potential and the conditions under which such potentials can be realized. The options are influenced by technical-economical, planning and socio-political factors, which are summarized in appendix 1 and discussed in chapter three. Results of interviews with experts in the field of wind energy can be found in appendix 2. Based on the impacts on the wind energy potential four wind energy development scenarios are compared in chapter four. The reference scenario is based on the present wind energy policy in the Netherlands. The other three scenarios are the Price-scenario (higher societal appreciation of electricity generated by wind power), the Site-scenario (matters of site selection and planning), and a Combined-scenario (combination of the Price- and the Site-scenario). For each scenario potential estimations were made for the years 2000, 2010, 2015, and restricted estimations for the year 2025. It is concluded that within 25 years 2,500 MW wind power can be realized on land and 6,000 MW on water. The main problems for the location on land and inland waterways are the planning restrictions, and for sea locations the limiting factor is the high cost price. Recommendations to the Dutch government to realize the potentials concern the facts that social advantages of wind energy should be part of the price of the energy, more sites should be made available for the application of wind energy, more research has to be carried out on the possibility of locating wind power generating systems at sea, and the social basis for wind energy should be maintained and even increased. 18 figs., 5 app., 47 refs

Comparing the Life Cycle Energy Consumption, Global Warming and Eutrophication Potentials of Several Water and Waste Service Options

Directory of Open Access Journals (Sweden)

Xiaobo Xue

2016-04-01

Full Text Available Managing the water-energy-nutrient nexus for the built environment requires, in part, a full system analysis of energy consumption, global warming and eutrophication potentials of municipal water services. As an example, we evaluated the life cycle energy use, greenhouse gas (GHG emissions and aqueous nutrient releases of the whole anthropogenic municipal water cycle starting from raw water extraction to wastewater treatment and reuse/discharge for five municipal water and wastewater systems. The assessed options included conventional centralized services and four alternative options following the principles of source-separation and water fit-for-purpose. The comparative life cycle assessment identified that centralized drinking water supply coupled with blackwater energy recovery and on-site greywater treatment and reuse was the most energy- and carbon-efficient water service system evaluated, while the conventional (drinking water and sewerage centralized system ranked as the most energy- and carbon-intensive system. The electricity generated from blackwater and food residuals co-digestion was estimated to offset at least 40% of life cycle energy consumption for water/waste services. The dry composting toilet option demonstrated the lowest life cycle eutrophication potential. The nutrients in wastewater effluent are the dominating contributors for the eutrophication potential for the assessed system configurations. Among the parameters for which variability and sensitivity were evaluated, the carbon intensity of the local electricity grid and the efficiency of electricity production by the co-digestion with the energy recovery process were the most important for determining the relative global warming potential results.

Renewable energy policy options for Abu Dhabi: Drivers and barriers

International Nuclear Information System (INIS)

Mezher, Toufic; Dawelbait, Gihan; Abbas, Zeina

2012-01-01

Climate change and fossil fuel depletion are the main drivers for the recent focus on Renewable Energy (RE) resources. However, since the high cost of RE technologies is the main obstacle facing the diffusion of RE power generation, economic and political intervention is inevitable. In the United Arab Emirates (UAE) population and economic growth are the main causes of a sharp increase of energy demand. Two key related factors highlight the need to establish a RE sector: first the UAE has one of the highest carbon footprint in the world and second, the rate of depletion of its main energy generation resource – fossil fuel. In this study, we present a review of overall policies in sixty-one countries, focusing on their efforts to adopt RE resources in the power sector, and on their implementation of fundamental policies implemented. Furthermore, we investigate the applicability to Abu Dhabi UAE of the main RE policies implemented worldwide. As a result of our analysis, we recommend the implementation of a mixed policy of Feed-in-Tariff (FIT) and the Quota system for RE electricity generation in order for the UAE to meet its 7% target by 2020. - Highlights: ► Comprehensive review of renewable energy policy mechanisms. ► Summarizes the renewable energy policy adoptions, targets, and installed capacity in many countries. ► Gives recommendations on renewable energy policy options for Abu Dhabi, an oil rich country.

Optimizing the Level of Renewable Electric R&D Expenditures Using Real Options Analysis

Energy Technology Data Exchange (ETDEWEB)

Davis, G.; Owens, B.

2003-02-01

One of the primary objectives of the United States' federal non-hydro renewable electric R&D program is to promote the development of technologies that have the potential to provide consumers with stable and secure energy supplies. In order to quantify the benefits provided by continued federal renewable electric R&D, this paper uses ''real option'' pricing techniques to estimate the value of renewable electric technologies in the face of uncertain fossil fuel prices. Within the real options analysis framework, the current value of expected future supply from renewable electric technologies, net of federal R&D expenditures, is estimated to be $30.6 billion. Of this value, 86% can be attributed to past federal R&D efforts, and 14% can be attributed to future federal R&D efforts, assuming continued federal R&D funding at $300 million/year. In addition, real options analysis shows that the value of renewable electric technologies increases as current and future R&D funding levels increase. This indicates that the current level of federal renewable electric R&D funding is sub-optimal low.

Different heating systems for single family house: Energy and economic analysis

Directory of Open Access Journals (Sweden)

Turanjanin Valentina M.

2016-01-01

Full Text Available The existing building stock energy consumption accounts for about 38% of final energy consumption in Republic of Serbia. 70% of that energy is consumed by residential sector, mostly for space heating. This research is addressed to the single family house building placed in the Belgrade city. The house has ground and first floor with total heating area of 130 m2 and pellet as space heating source. The aim of this paper is to evaluate energy and economic analysis for different heating systems. Several homeheating were compared: Option 1 (biomass combustion boiler using pellet as a fuel, Option 2 (gas combustion boiler and Option 3 (heat pump. The building performance was evaluated by TRNSYS 17 simulation code. Results show estimated savings using renewable energy sources. [Projekat Ministarstva nauke Republike Srbije, br. III42008

Analysis of Options Contract, Option Pricing in Agricultural Products

Directory of Open Access Journals (Sweden)

H. Tamidy

2016-03-01

Full Text Available Introduction: Risk is an essential component in the production and sale of agricultural products. Due to the nature of agricultural products, the people who act in this area including farmers and businesspersons encounter unpredictable fluctuations of prices. On the other hand, the firms that process agricultural products also face fluctuation of price of agricultural inputs. Given that the Canola is considered as one of the inputs of product processing factories, control of unpredictable fluctuations of the price of this product would increase the possibility of correct decision making for farmers and managers of food processing industries. The best available tool for control and management of the price risk is the use of future markets and options. It is evident that the pricing is the main pillar in every trade. Therefore, offering a fair price for the options will be very important. In fact, options trading in the options market create cost insurance stopped. In this way, which can reduce the risks of deflation created in the future, if the person entitled to the benefits of the price increase occurs in the future. Unlike the futures, market where the seller had to deliver the product on time, in the options market, there is no such compulsion. In addition, this is one of the strengths of this option contract, because if there is not enough product for delivery to the futures market as result of chilling, in due course, the farmers suffer, but in the options market there will be a loss. In this study, the setup options of rape, as a product, as well as inputs has been paid for industry. Materials and Methods: In this section. The selection criteria of the disposal of asset base for valuation of European put options and call option is been introduced. That for obtain this purpose, some characteristics of the goods must considered: 1-Unpredictable fluctuations price of underlying asset 2 -large underlying asset cash market 3- The possibility

Assessing policy options for increasing the use of renewable energy for sustainable development: Modelling energy scenarios for Sichuan, China. A UN-ENERGY demonstration study

International Nuclear Information System (INIS)

2007-01-01

policies to increase the share of renewables in the energy supply mix of Sichuan, China. It was initiated in response to the Johannesburg Plan of Implementation's call to 'with a sense of urgency, substantially increase the global share of renewable energy sources'. The study again combines the IAEA models for analyzing national energy systems with data provided by UNEP, DESA and other public sources. It is important to note that this is a demonstration study, not a comprehensive analysis of policy options for Sichuan, but it provides generic insights on policy options to promote the use of renewable energy sources. The study also demonstrates the kind of policy work that UN-Energy can undertake as it seeks to evolve the joint capacity of the UN system to assist nations in facing the energy challenges of the 21st century. UN-Energy seeks to institutionalize a collaborative approach in an area that has not previously been subject to such approaches in the UN system. UNEnergy would appreciate views by readers of our reports in order to guide our future work

Real Options Analysis of Electricity Investments

Energy Technology Data Exchange (ETDEWEB)

Heggedal, Ane Marte

2012-07-01

This thesis utilizes real options analysis for evaluating investment opportunities in the electricity sector. It also formally tests how investors in hydropower plants have included uncertainty when considering their investment opportunities. The real options method applies financial options theory to quantify the value of management flexibility and is chosen due to three important characteristics of investments in the electricity sector. First; the investment is completely or partially irreversible, second; the investor can choose when to invest in the facility, and third; there is uncertainty in several factors affecting the cash flows of the investments. Factors of uncertainty include the development of electricity prices, policies, technological advances, and macroeconomics measures.Four papers are included in this thesis. Paper 1, Upgrading hydropower plants with storage: Timing and capacity choice, presents a valuation framework for deciding when to upgrade an existing hydropower plant and which capacity to choose. The second paper, Transmission capacity between Norway and Germany: A real options analysis, sheds light on when two electricity markets, in this case Norway and Germany, should be connected through a sub sea cable. The investor can choose when to invest and the capacity of the cable, and may also choose to invest sequentially. Paper 3, Optimal timing and capacity choice for pumped hydropower storage, investigates when investment in a pumped hydropower plant with storage should be undertaken and what the capacity of the facility should be. Whereas the three first papers investigate investment opportunities, Paper 4, Uncertain climate policy decisions and investment timing: Evidence from small hydropower plants, studies when investors in small hydropower plants chose to invest. The analyses disclose whether the net present value approach or the real options method best describe the investment decisions made by the investors. Viewing investment

Utilizing waste heat. Energy recovery options for trade and industry

Energy Technology Data Exchange (ETDEWEB)

Krieg, W

1988-08-01

The article shows options for efficient and low-cost thermal energy recovery. Heat recovery involves a number of problems, e.g. the type of waste heat, the uses of the energy recovered, and the best way of utilizing it. There is no generally applicable way of solving these problems. Some practical examples are presented. Economically efficient solutions require detailed technical knowledge as well as a good portion of creativity and imagination. (BR).

Integrating experimental and numerical methods for a scenario-based quantitative assessment of subsurface energy storage options

Science.gov (United States)

Kabuth, Alina; Dahmke, Andreas; Hagrey, Said Attia al; Berta, Márton; Dörr, Cordula; Koproch, Nicolas; Köber, Ralf; Köhn, Daniel; Nolde, Michael; Tilmann Pfeiffer, Wolf; Popp, Steffi; Schwanebeck, Malte; Bauer, Sebastian

2016-04-01

second example, the option of seasonal hydrogen storage in a deep saline aquifer is considered. The induced thermal and hydraulic multiphase flow processes were simulated. Also, an integrative approach towards geophysical monitoring of gas presence was evaluated by synthetically applying these monitoring methods to the synthetic, however realistically defined numerical storage scenarios. Laboratory experiments provided parameterisations of geochemical effects caused by storage gas leakage into shallow aquifers in cases of sealing failure. Ultimately, the analysis of realistically defined scenarios of subsurface energy storage within the ANGUS+ project allows a quantification of the subsurface space claimed by a storage operation and its induced effects. Acknowledgments: This work is part of the ANGUS+ project (www.angusplus.de) and funded by the German Federal Ministry of Education and Research (BMBF) as part of the energy storage initiative "Energiespeicher".

ACCIDENT ANALYSES & CONTROL OPTIONS IN SUPPORT OF THE SLUDGE WATER SYSTEM SAFETY ANALYSIS

Energy Technology Data Exchange (ETDEWEB)

WILLIAMS, J.C.

2003-11-15

This report documents the accident analyses and nuclear safety control options for use in Revision 7 of HNF-SD-WM-SAR-062, ''K Basins Safety Analysis Report'' and Revision 4 of HNF-SD-SNF-TSR-001, ''Technical Safety Requirements - 100 KE and 100 KW Fuel Storage Basins''. These documents will define the authorization basis for Sludge Water System (SWS) operations. This report follows the guidance of DOE-STD-3009-94, ''Preparation Guide for US. Department of Energy Nonreactor Nuclear Facility Safety Analysis Reports'', for calculating onsite and offsite consequences. The accident analysis summary is shown in Table ES-1 below. While this document describes and discusses potential control options to either mitigate or prevent the accidents discussed herein, it should be made clear that the final control selection for any accident is determined and presented in HNF-SD-WM-SAR-062.

A real option analysis of investments in hydropower-The case of Norway

International Nuclear Information System (INIS)

Kjaerland, Frode

2007-01-01

This paper presents a valuation study of hydropower investment opportunities in the Norwegian context. According to NVE (Norwegian Water Resources and Energy Directorate, the regulator), there is a potential of 39 TWh not yet developed (generation in a normal year is approximately 120 TWh). By using the conceptual real option framework of Dixit and Pindyck [1994. Investment Under Uncertainty. Princeton University Press, Princeton, NJ] one can estimate the value of investment opportunities to NOK 11 million/GWh (EUR 1.4 million/GWh). Furthermore, the optimal trigger price for initiating an investment based on electricity forward prices is calculated to NOK 0.32/kWh (EUR 0.04/kWh). The analysis shows consistency between real option theory and aggregate investment behaviour in Norwegian hydropower

Electricity supply: Supporting analysis for the National Energy Strategy

International Nuclear Information System (INIS)

1991-01-01

This report has been prepared by the Energy Information Administration at the request of the Department of Energy's Office of Policy, Planning and Analysis. The results are based on assumptions provided by the Department of Energy's Office of Conservation and Renewable Energy, the Office of Nuclear Energy, the Office of Fossil Energy, and the Office of Policy, Planning and Analysis. This report serves as an auxiliary document to the publication, Improving Technology: Modeling Energy Futures for the National Energy Strategy, prepared by the Energy Information Administration (EIA), to be used as input to the development of a National Energy Strategy. The excursions discussed in this report are not necessarily the policy options which will be selected for inclusion in the National Energy Strategy (NES). This report examines the effects of various supply side options for electric utilities. The three excursions presented are: (1) Effects of the Clean Air Act Amendments on Reducing SO 2 /NO x Emissions which evaluates the impacts of proposed legislation to amend the Clean Air Act (Title V of H.R. 3030 as amended on May 23, 1990); (2) Nuclear Life Extension/New Nuclear Orders which illustrates the impact of new nuclear power plant orders and the life extension of existing nuclear plants; and (3) Nuclear and Accelerated Fossil-Fueled Generating Technologies which portrays accelerated research and development of advanced fossil-fueled generating technologies, making them commercially available earlier, with the inclusion of the nuclear option. The baseline case of this report is an update and an extension of the base case projections in the Energy Information Administration (EIA) publication, the Annual Energy Outlook 1990 (AEO), extending that forecast an additional 20 years to 2030. It represents the baseline case as it was on July 1990. 29 refs., 9 figs., 19 tabs. (JF)

Energy scenario - environmental concerns and some options for the future

International Nuclear Information System (INIS)

Venkat Raj, V.; Saradhi, I.V.

2002-01-01

There is a strong link between energy consumption, particularly in the form of electricity, and economic well being. The substantial increase in energy consumption in the coming decades is expected to be driven principally by the developing world. However it is also well recognized that care should be taken to ensure that the increased energy consumption should not be at the cost of the environment. Of particular concern is the Green House Gas emissions. Reduction of GHGs will call for careful planning and appropriate choice of the energy mix. The expected Global/Indian energy scenario in the coming decades, the associated GHG emissions and some possible options to limit them are presented and discussed in the paper. (author)

Photovoltaic power - An important new energy option

Science.gov (United States)

Ferber, R. R.

1983-01-01

A review of photovoltaic (PV) power technology is presented with an emphasis of PV as an economical and technically feasible alternative source of energy. The successful completion of the development and transfer of emerging low-cost technologies into a fully commercialized status are identified as the means to the realization of this option's full potential. The DOE National Photovoltaics Program, a significant sponsor of PV R&D, expects both flat-plate and concentrator collectors to meet established cost targets. Citing the DOE large flat-plate grid-connected system project of the Sacramento Municipal Utility District, current technology modules priced at near $5/Wp (1983 dollars) are steadily reducing costs. A recent DOE study suggests that PV-generated electricity produced at a 30-year levelized cost of 15 cents per kWh would represent a viable energy supply alternative for the nation.

A real options approach to analyse wind energy investments under different support schemes

International Nuclear Information System (INIS)

Kitzing, Lena; Juul, Nina; Drud, Michael; Boomsma, Trine Krogh

2017-01-01

Highlights: • Real options model for wind projects considering investment timing and sizing. • Introducing a capacity constraint in the optimisation. • Addressing several uncertainty factors while still providing analytical solution. • Comparative policy analysis of investment incentives from different support schemes. • Improved quantification of trade-off between fast deployment and large projects. - Abstract: A real options model is developed to evaluate wind energy investments in a realistic and easily applicable way. Considering optimal investment timing and sizing (capacity choice), the model introduces a capacity constraint as part of the optimisation. Several correlated uncertainty factors are combined into a single stochastic process, which allows for analytical (closed-form) solutions. The approach is well suited for quantitative policy analysis, such as the comparison of different support schemes. A case study for offshore wind in the Baltic Sea quantifies differences in investment incentives under feed-in tariffs, feed-in premiums and tradable green certificates. Investors can under certificate schemes require up to 3% higher profit margins than under tariffs due to higher variance in profits. Feed-in tariffs may lead to 15% smaller project sizes. This trade-off between faster deployment of smaller projects and slower deployment of larger projects is neglected using traditional net present value approaches. In the analysis of such trade-off, previous real options studies did not consider a capacity constraint, which is here shown to decrease the significance of the effect. The impact on investment incentives also depends on correlations between the underlying stochastic factors. The results may help investors to make informed investment decisions and policy makers to strategically design renewable support and develop tailor-made incentive schemes.

Evaluating options for balancing the water–electricity nexus in California: Part 2—Greenhouse gas and renewable energy utilization impacts

Energy Technology Data Exchange (ETDEWEB)

Tarroja, Brian; AghaKouchak, Amir; Sobhani, Reza; Feldman, David; Jiang, Sunny; Samuelsen, Scott, E-mail: gss@uci.edu

2014-11-01

A study was conducted to compare the technical potential and effectiveness of different water supply options for securing water availability in a large-scale, interconnected water supply system under historical and climate-change augmented inflow and demand conditions. Part 2 of the study focused on determining the greenhouse gas and renewable energy utilization impacts of different pathways to stabilize major surface reservoir levels. Using a detailed electric grid model and taking into account impacts on the operation of the water supply infrastructure, the greenhouse gas emissions and effect on overall grid renewable penetration level was calculated for each water supply option portfolio that successfully secured water availability from Part 1. The effects on the energy signature of water supply infrastructure were found to be just as important as that of the fundamental processes for each option. Under historical (baseline) conditions, many option portfolios were capable of securing surface reservoir levels with a net neutral or negative effect on emissions and a benefit for renewable energy utilization. Under climate change augmented conditions, however, careful selection of the water supply option portfolio was required to prevent imposing major emissions increases for the system. Overall, this analysis provided quantitative insight into the tradeoffs associated with choosing different pathways for securing California's water supply. - Highlights: • Part I presents a spatially and temporally resolved model of California’s surface reservoirs. • Part II presents GHG emissions and grid renewable penetration for water availability options. • In particular, the energy signature of water supply infrastructure is delineated. • Different pathways for securing California’s water supply are developed quantitatively. • Under baseline conditions, portfolios capable of securing surface reservoir levels emerge. • Under climate change conditions, the

Evaluating options for balancing the water–electricity nexus in California: Part 2—Greenhouse gas and renewable energy utilization impacts

International Nuclear Information System (INIS)

Tarroja, Brian; AghaKouchak, Amir; Sobhani, Reza; Feldman, David; Jiang, Sunny; Samuelsen, Scott

2014-01-01

A study was conducted to compare the technical potential and effectiveness of different water supply options for securing water availability in a large-scale, interconnected water supply system under historical and climate-change augmented inflow and demand conditions. Part 2 of the study focused on determining the greenhouse gas and renewable energy utilization impacts of different pathways to stabilize major surface reservoir levels. Using a detailed electric grid model and taking into account impacts on the operation of the water supply infrastructure, the greenhouse gas emissions and effect on overall grid renewable penetration level was calculated for each water supply option portfolio that successfully secured water availability from Part 1. The effects on the energy signature of water supply infrastructure were found to be just as important as that of the fundamental processes for each option. Under historical (baseline) conditions, many option portfolios were capable of securing surface reservoir levels with a net neutral or negative effect on emissions and a benefit for renewable energy utilization. Under climate change augmented conditions, however, careful selection of the water supply option portfolio was required to prevent imposing major emissions increases for the system. Overall, this analysis provided quantitative insight into the tradeoffs associated with choosing different pathways for securing California's water supply. - Highlights: • Part I presents a spatially and temporally resolved model of California’s surface reservoirs. • Part II presents GHG emissions and grid renewable penetration for water availability options. • In particular, the energy signature of water supply infrastructure is delineated. • Different pathways for securing California’s water supply are developed quantitatively. • Under baseline conditions, portfolios capable of securing surface reservoir levels emerge. • Under climate change conditions, the

ECONOMIC ANALYSIS OF SELECTED OPTIONS OF STRAW USE DEPENDING ON HARVESTING TECHNOLOGY

Directory of Open Access Journals (Sweden)

Lukasz KUTA

2014-10-01

Full Text Available Post-harvest straw deserves particular attention among agricultural raw materials. It can be intended for sale, applied as litter material in animal husbandry or used in field fertilization. To a lesser extent it can be used for fodder production, covering mounds of roots and tubers and the production of insulation materials in horticulture and building construction. Using surplus straw directly for energy generation, including production of pellets and briquettes, should also be considered rational. Several applications were analyzed. The main purpose of the research is to determine the profitability level of winter wheat cultivation and of energy use of the straw obtained. Among others, they included situations in which obtained straw was used in the production of pellets, in fertilization after prior grinding and mixing with manure or used for direct sale. For our calculations, the costs/ha of wheat cultivation and then straw collection were estimated. The comparative analysis of various options of wheat straw utilization shows the highest profitability in the option of selling the straw and mineral fertilization.

Energy conversion options for ARIES-III - A conceptual D-3He tokamak reactor

International Nuclear Information System (INIS)

Santarius, J.F.; Blanchard, J.P.; Emmert, G.A.; Sviatoslavsky, I.N.; Wittenberg, L.J.; Ghoneim, N.M.; Hasan, M.Z.; Mau, T.K.; Greenspan, E.; Herring, J.S.; Kernbichler, W.; Klein, A.C.; Miley, G.H.; Miller, R.L.; Peng, Y.K.M.

1989-01-01

The potential for highly efficient conversion of fusion power to electricity provides one motivation for investigating D- 3 He fusion reactors. This stems from: (1) the large fraction of D- 3 He power produced in the forms of charged particles and synchrotron radiation which are amenable to direct conversion, and (2) the low neutron fluence and lack of tritium breeding constraints, which increase design flexibility. The design team for a conceptual D- 3 He tokamak reactor, ARIES-III, has investigated numerous energy conversion options at a scoping level in attempting to realize high efficiency. The energy conversion systems have been studied in the context of their use on one or more of three versions of a D- 3 He tokamak: a first stability regime device, a second stability regime device, and a spherical torus. The set of energy conversion options investigated includes bootstrap current conversion, compression-expansion cycles, direct electrodynamic conversion, electrostatic direct conversion, internal electric generator, liquid metal heat engine blanket, liquid metal MHD, plasma MHD, radiation boiler, scrape-off layer thermoelectric, synchrotron radiation conversion by rectennas, synchrotron radiation conversion by thermal cycles, thermionic/AMTEC/thermal systems, and traveling wave conversion. The original set of options is briefly discussed, and those selected for further study are described in more detail. The four selected are liquid metal MHD, plasma MHD, rectenna conversion, and direct electrodynamic conversion. Thermionic energy conversion is being considered, and some options may require a thermal cycle in parallel or series. 17 refs., 3 figs., 1 tab

The energy requirement of holidays and household reduction options

International Nuclear Information System (INIS)

Van den Berg, M.; Vringer, K.

1999-12-01

Like all consumer products and services, holidays require energy. The aim of this study is to give insight to the energy consumption for holidays of Dutch households and to suggest options to reduce this energy demand. To examine the energy consumption for holidays, nine holiday packages are composed, each representing a large group of Dutch vacationers. The packages describe the destination, means of transport, duration, accommodation and number of vacationers. The average energy requirement for the accommodation and transport for long summer holidays is 12.5 GJ per Dutch household, excluding the energy requirement for food and activities. About 10% of the Dutch households, the ones that travel by plane to their holiday destination, consume 70% of the total amount of energy all households require for holiday purposes. This is mainly due to the distance travelled, rather than to the chosen means of transport. If the travelled distances will be reduced by 50% and all nights are spent in a tent, the average household energy requirement would be 6.1 GJ, a reduction of more than 50%. 36 refs

Climate change and the economics of biomass energy feedstocks in semi-arid agricultural landscapes: A spatially explicit real options analysis.

Science.gov (United States)

Regan, Courtney M; Connor, Jeffery D; Raja Segaran, Ramesh; Meyer, Wayne S; Bryan, Brett A; Ostendorf, Bertram

2017-05-01

The economics of establishing perennial species as renewable energy feedstocks has been widely investigated as a climate change adapted diversification option for landholders, primarily using net present value (NPV) analysis. NPV does not account for key uncertainties likely to influence relevant landholder decision making. While real options analysis (ROA) is an alternative method that accounts for the uncertainty over future conditions and the large upfront irreversible investment involved in establishing perennials, there have been limited applications of ROA to evaluating land use change decision economics and even fewer applications considering climate change risks. Further, while the influence of spatially varying climate risk on biomass conversion economic has been widely evaluated using NPV methods, effects of spatial variability and climate on land use change have been scarcely assessed with ROA. In this study we applied a simulation-based ROA model to evaluate a landholder's decision to convert land from agriculture to biomass. This spatially explicit model considers price and yield risks under baseline climate and two climate change scenarios over a geographically diverse farming region. We found that underlying variability in primary productivity across the study area had a substantial effect on conversion thresholds required to trigger land use change when compared to results from NPV analysis. Areas traditionally thought of as being quite similar in average productive capacity can display large differences in response to the inclusion of production and price risks. The effects of climate change, broadly reduced returns required for land use change to biomass in low and medium rainfall zones and increased them in higher rainfall areas. Additionally, the risks posed by climate change can further exacerbate the tendency for NPV methods to underestimate true conversion thresholds. Our results show that even under severe drying and warming where crop yield

Nuclear fusion as new energy option in a global single-regional energy system model

International Nuclear Information System (INIS)

Eherer, C.; Baumann, M.; Dueweke, J.; Hamacher, T.

2005-01-01

Is there a window of opportunity for fusion on the electricity market under 'business as usual' conditions, and if not, how do the boundary conditions have to look like to open such a window? This question is addressed within a subtask of the Socio-Economic Research on Fusion (SERF) programme of the European Commission. The most advanced energy-modelling framework, the TIMES model generator developed by the Energy Technology System Analysis Project group of the IEA (ETSAP) has been used to implement a global single-regional partial equilibrium energy model. Within the current activities the potential role of fusion power in various future energy scenarios is studied. The final energy demand projections of the baseline of the investigations are based on IIASA-WEC Scenario B. Under the quite conservative baseline assumptions fusion only enters the model solution with 35 GW in 2100 and it can be observed that coal technologies dominate electricity production in 2100. Scenario variations show that the role of fusion power is strongly affected by the availability of GEN IV fission breeding technologies as energy option and by CO 2 emission caps. The former appear to be a major competitor of fusion power while the latter open a window of opportunity for fusion power on the electricity market. An interesting outcome is furthermore that the possible share of fusion electricity is more sensitive to the potential of primary resources like coal, gas and uranium, than to the share of solar and wind power in the system. This indicates that both kinds of technologies, renewables and fusion power, can coexist in future energy systems in case of CO 2 emission policies and/or resource scarcity scenarios. It is shown that Endogenous Technological Learning (ETL), a more consistent description of technological progress than mere time series, has an impact on the model results. (author)

Incorporating externalities in the assessment of different energy options for electricity production

International Nuclear Information System (INIS)

Jacomino, Vanusa Maria Feliciano; Souza, Jair Albo Marques de; Grynberg, Suely Epsztein; Aronne, Ivan Dionysio

2002-01-01

The production of electricity considering its full chain cycle arises major local, regional and global environmental impacts. This fact and the need of several countries to establish energy plans for the next decades and also the recognition that environmental issues are playing important role in the decision-making process justify the interest in appropriate and comprehensive methodologies and tools to deal with this matter, to be applied mainly in the power sector. The main aim of the present investigation was the implementation and application of a simplified methodology based on the impact pathway (or damage function) approach which is being proposed by International Atomic Energy Agency (IAEA) for the estimation of externalities arising from the full chain cycle of different energy sources for electricity production in its Member States. The externalities arising from different options, including coal, oil, gas and nuclear, were estimated. A computer model based on the optimization of non-linear functions was used as a support tool for decision-making in the power sector. Taking into consideration the externalities from the air emissions of different options, nuclear power is the best solution even taking into consideration the effects of high consequence/low probability accidents. It should be noted that this investigation is not only being used to implement an environmental database, but also in enhancing the Brazilian capability in evaluating the different energy options for electricity production in the framework of sustainable development. (author)

Real option analysis in a replicating portfolio perspective

NARCIS (Netherlands)

van Heeswijk, W.J.A.; Joosten, Reinoud A.M.G.; Huisman, Kuno; Bos, Christian

2013-01-01

In the last decades, a vast body of literature has arisen on real option analysis (ROA). The use of di¤erent approaches and the often implicit adoption of major assumptions may cause confusion on what ROA precisely entails, or in which situations it may be applied. We assess the �eld of real option

Economic analysis of nuclear energy

International Nuclear Information System (INIS)

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

2000-12-01

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

Policy options when giving negative externalities market value. Clean energy policymaking and restructuring the Western Australian energy sector

International Nuclear Information System (INIS)

McHenry, Mark

2009-01-01

Uncertainty surrounds the choice of instruments that internalise fossil-fuel pollution at the local, regional and global level. This work outlines the considerable growth in the Western Australian (WA) energy sector and explores the available options and potential hazards of using specific instruments to internalise externalities. These core options are discussed with respect to liberalising energy markets, providing private investment certainty, and imparting commentary on the developments and consequences of reform in the WA context. As a large energy exporter, providing certainty for the WA energy sector investment and the community is necessary to maintain the current prosperity. Remarkably, in the decades of market reform progress, the absence of one essential element is evident: economic externalities. Policymakers are under increasing pressure to understand economic reform, new energy markets and the multifaceted repercussions they entail. With modern energy reform sitting squarely within the milieu of more efficient governments and climate policy, there are clear economic advantages to internalising negative and positive externalities and other market distortions during energy market developments. Ignoring market failures when commercialising government-owned energy utilities in de-regulated and competitive markets invites continued ad-hoc government interference that generates investment uncertainty in addition to a perplexed electorate. (author)

Technological options for management of hazardous wastes from US Department of Energy facilities

Energy Technology Data Exchange (ETDEWEB)

Chiu, S.; Newsom, D.; Barisas, S.; Humphrey, J.; Fradkin, L.; Surles, T.

1982-08-01

This report provides comprehensive information on the technological options for management of hazardous wastes generated at facilities owned or operated by the US Department of Energy (DOE). These facilities annually generate a large quantity of wastes that could be deemed hazardous under the Resource Conservation and Recovery Act (RCRA). Included in these wastes are liquids or solids containing polychlorinated biphenyls, pesticides, heavy metals, waste oils, spent solvents, acids, bases, carcinogens, and numerous other pollutants. Some of these wastes consist of nonnuclear hazardous chemicals; others are mixed wastes containing radioactive materials and hazardous chemicals. Nearly 20 unit processes and disposal methods are presented in this report. They were selected on the basis of their proven utility in waste management and potential applicability at DOE sites. These technological options fall into five categories: physical processes, chemical processes, waste exchange, fixation, and ultimate disposal. The options can be employed for either resource recovery, waste detoxification, volume reduction, or perpetual storage. Detailed descriptions of each technological option are presented, including information on process performance, cost, energy and environmental considerations, waste management of applications, and potential applications at DOE sites. 131 references, 25 figures, 23 tables.

Technological options for management of hazardous wastes from US Department of Energy facilities

International Nuclear Information System (INIS)

Chiu, S.; Newsom, D.; Barisas, S.; Humphrey, J.; Fradkin, L.; Surles, T.

1982-08-01

This report provides comprehensive information on the technological options for management of hazardous wastes generated at facilities owned or operated by the US Department of Energy (DOE). These facilities annually generate a large quantity of wastes that could be deemed hazardous under the Resource Conservation and Recovery Act (RCRA). Included in these wastes are liquids or solids containing polychlorinated biphenyls, pesticides, heavy metals, waste oils, spent solvents, acids, bases, carcinogens, and numerous other pollutants. Some of these wastes consist of nonnuclear hazardous chemicals; others are mixed wastes containing radioactive materials and hazardous chemicals. Nearly 20 unit processes and disposal methods are presented in this report. They were selected on the basis of their proven utility in waste management and potential applicability at DOE sites. These technological options fall into five categories: physical processes, chemical processes, waste exchange, fixation, and ultimate disposal. The options can be employed for either resource recovery, waste detoxification, volume reduction, or perpetual storage. Detailed descriptions of each technological option are presented, including information on process performance, cost, energy and environmental considerations, waste management of applications, and potential applications at DOE sites. 131 references, 25 figures, 23 tables

Large scale scenario analysis of future low carbon energy options

International Nuclear Information System (INIS)

Olaleye, Olaitan; Baker, Erin

2015-01-01

In this study, we use a multi-model framework to examine a set of possible future energy scenarios resulting from R&D investments in Solar, Nuclear, Carbon Capture and Storage (CCS), Bio-fuels, Bio-electricity, and Batteries for Electric Transportation. Based on a global scenario analysis, we examine the impact on the economy of advancement in energy technologies, considering both individual technologies and the interactions between pairs of technologies, with a focus on the role of uncertainty. Nuclear and CCS have the most impact on abatement costs, with CCS mostly important at high levels of abatement. We show that CCS and Bio-electricity are complements, while most of the other energy technology pairs are substitutes. We also examine for stochastic dominance between R&D portfolios: given the uncertainty in R&D outcomes, we examine which portfolios would be preferred by all decision-makers, regardless of their attitude toward risk. We observe that portfolios with CCS tend to stochastically dominate those without CCS; and portfolios lacking CCS and Nuclear tend to be stochastically dominated by others. We find that the dominance of CCS becomes even stronger as uncertainty in climate damages increases. Finally, we show that there is significant value in carefully choosing a portfolio, as relatively small portfolios can dominate large portfolios. - Highlights: • We examine future energy scenarios in the face of R&D and climate uncertainty. • We examine the impact of advancement in energy technologies and pairs of technologies. • CCS complements Bio-electricity while most technology pairs are substitutes. • R&D portfolios without CCS are stochastically dominated by portfolios with CCS. • Higher damage uncertainty favors R&D development of CCS and Bio-electricity

Real Options Analysis of Mining Projects

OpenAIRE

Rudolf Zdravlje

2011-01-01

When long life assets are being evaluated based on constant predictions of future variables and the assumptions of zero management flexibility, is value being missed? In project evaluation today, the most common evaluation methods that calculate a net present value are discounted cash flow (DCF) analysis, decision tree analysis and Monte Carlo simulation. A fourth method, which is beginning to gain ground in terms of its use in the mining industry, is real option analysis (ROA). ROA utilizes ...

Energy analysis of power systems

International Nuclear Information System (INIS)

2004-01-01

Next to economic viability, the holistic energy balance of electricity generation options' is a factor of major importance. All aspects of the energy balance, i. e. all expenditures and all revenues, are compared in a life cycle analysis. This turns out to be a complex task, especially because of the large number of input quantities to be determined, including the balancing limits to be taken into account. The article presents in detail the findings of analyses of energy balances for various types of nuclear power plants as well as electricity generation in fossil-fired power plants, and for renewable energies. The analyses and their databases are discussed. Moreover, the findings are presented for the energetic amortization periods and the amounts of CO 2 emissions specific to the respective generating technologies. (orig.)

Sustainable energy provision: a comparative assessment of the various electricity supply options

International Nuclear Information System (INIS)

Voss, A.

2000-01-01

The provision of electricity is of central importance for economic growth and societal development. While numerous societal and economic benefits arise from the use of electricity, the production of electricity can also have negative impacts on the environment and the climate system. The commitment to sustainable development calls for the evaluation of the extent to which the different electricity supply options fulfill the sustainability criteria. The conceptual framework of Life Cycle Assessment (LCA) can provide a solid basis for a comparative assessment of different electricity supply options with regard to their environmental impacts, raw material requirements as well as their resulting external costs. Results of a comprehensive comparative assessment of nuclear energy and other electricity options are presented. (author)

Energy-saving options for the mitigation of greenhouse gas emissions from the Mongolian energy sector

Energy Technology Data Exchange (ETDEWEB)

Dorjpurev, J.; Purevjal, O.; Erdenechimeg, Ch. [and others

1996-12-31

The Energy sector is the largest contributor to GHG emission in Mongolia. The Energy sector emits 54 percent of CO2 and 4 percent of methane. All emissions of other greenhouse gases are accounted from energy related activities. The activities in this sector include coal production, fuel combustion, and biomass combustion at the thermal power stations and in private houses (stoves) for heating purposes. This paper presents some important Demand-side options considered for mitigation of CO2 emissions from energy sector such as Energy Conservation in Industrial Sector and in Buildings. Changes in energy policies and programmes in the Mongolian situation that promote more efficient and sustainable practices are presented in the paper. These energy saving measures will not only help reduce greenhouse gas emissions, but will also promote economic development and alleviate other environmental problems.

Republic of the Marshall Islands. Energy Project Development Options and Technical Assessment (2013)

Energy Technology Data Exchange (ETDEWEB)

Conrad, Misty Dawn [National Renewable Energy Lab. (NREL), Golden, CO (United States); Olis, Dan [National Renewable Energy Lab. (NREL), Golden, CO (United States); Ness, J. Erik [National Renewable Energy Lab. (NREL), Golden, CO (United States); Esterly, Sean [National Renewable Energy Lab. (NREL), Golden, CO (United States)

2015-09-01

The advancement of renewable energy and energy efficient technologies continues to be fluid. There are many technical opportunities and strategies that can be utilized to guide communities to deploy cost-effective commercial alternative energy options; however, to achieve aggressive economic, environmental, and security goals, it requires a comprehensive, integrated approach. This document reports on the initial findings of an energy assessment that was conducted for the Republic of the Marshall Islands.

Power options: the Massachusetts nonprofit energy purchasers consortium

International Nuclear Information System (INIS)

Hayes, J.

1999-01-01

A series of overhead viewgraphs described some of the topics that were discussed at this workshop. A corporate review of the Massachusetts Health and Educational Facilities Authority (HEFA) was presented. HEFA was formed in 1968 to provide cost savings in electric bills to health, education, cultural and other non profit organizations. The methods that HEFA uses to achieve this goal is to provide energy services with either fixed prices or with two-year or five-year options. Since their creation HEFA has a total of 100 signed natural gas contracts and 300 signed electricity contracts

Nuclear Energy: A Competitive and Safe Option, The EDF Experience

International Nuclear Information System (INIS)

Colas, F.

1998-01-01

Today, nuclear energy seems challenged by fossil energies, especially gas. However, the 1997's French government survey over energy options still places nuclear energy at the top of the list. The reasons why and how safe nuclear energy is still competitive are detailed in this paper. Most recent data from EDF's reactor will be discussed in terms of environmental and electricity production issues. The methods and management used to attain these results are explained for the different phases: design, construction, operation, and maintenance. The beneficial aspects over industrial development and local employment will be underlined. The influence of nuclear energy on EDF's financial results are shown, from past programme to today's operation. As most of french reactors are designed to adapt their output to the changes of load in the national grid, results are, as a conclusion, discussed in a small and medium electrical grid perspective. (author)

Error Analysis for Fourier Methods for Option Pricing

KAUST Repository

Häppölä, Juho

2016-01-06

We provide a bound for the error committed when using a Fourier method to price European options when the underlying follows an exponential Levy dynamic. The price of the option is described by a partial integro-differential equation (PIDE). Applying a Fourier transformation to the PIDE yields an ordinary differential equation that can be solved analytically in terms of the characteristic exponent of the Levy process. Then, a numerical inverse Fourier transform allows us to obtain the option price. We present a novel bound for the error and use this bound to set the parameters for the numerical method. We analyze the properties of the bound for a dissipative and pure-jump example. The bound presented is independent of the asymptotic behaviour of option prices at extreme asset prices. The error bound can be decomposed into a product of terms resulting from the dynamics and the option payoff, respectively. The analysis is supplemented by numerical examples that demonstrate results comparable to and superior to the existing literature.

Economic analysis of nuclear energy

Energy Technology Data Exchange (ETDEWEB)

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

2000-12-01

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

Energy options and the role of coal: an integrated approach

Energy Technology Data Exchange (ETDEWEB)

Isaacs, E. [Alberta Energy Research Institute, Edmonton, AB (Canada)

2006-07-01

Considers energy goals and options with particular regard to providing affordable energy to Canada. Gasification of coal and carbon to provide a reliable source of clean power and heat to the oil sand industry and for feedstocks for the production of fertilizer, methanol, petrochemicals, and ultra-clean fuels is examined. The layout for integrated gasification polygeneration with carbon feed and plans for Canada's first commercial gasification plant (the Nexen Long Lake Project) are shown in diagrams. Progress in coal gasification at a clean coal Luscar/Sherritt pilot plant is outlined. Clean coal technology is part of a strategy to provide integration across energy systems, generate value for all hydrocarbon resources, and minimize emissions. 15 figs., 2 tabs.

Optimization of FRAP uncertainty analysis option

International Nuclear Information System (INIS)

Peck, S.O.

1979-10-01

The automated uncertainty analysis option that has been incorporated in the FRAP codes (FRAP-T5 and FRAPCON-2) provides the user with a means of obtaining uncertainty bands on code predicted variables at user-selected times during a fuel pin analysis. These uncertainty bands are obtained by multiple single fuel pin analyses to generate data which can then be analyzed by second order statistical error propagation techniques. In this process, a considerable amount of data is generated and stored on tape. The user has certain choices to make regarding which independent variables are to be used in the analysis and what order of error propagation equation should be used in modeling the output response. To aid the user in these decisions, a computer program, ANALYZ, has been written and added to the uncertainty analysis option package. A variety of considerations involved in fitting response surface equations and certain pit-falls of which the user should be aware are discussed. An equation is derived expressing a residual as a function of a fitted model and an assumed true model. A variety of experimental design choices are discussed, including the advantages and disadvantages of each approach. Finally, a description of the subcodes which constitute program ANALYZ is provided

The long term challenges of energy management: keeping all options open

International Nuclear Information System (INIS)

Moisan, F.

2003-01-01

Before the end of the 21. century, the global energy sector will need to face up to two challenges: climate warming due to greenhouse gas emissions and the increasing scarcity of traditional hydrocarbons. The likely scenarios expected by 2030 demonstrate that we are in the process of witnessing strong growth in the consumption of energy and in CO 2 emissions while at the same time climate experts warn us that we need to achieve a 75 % reduction of emissions in the industrialized nations by 2050. Several technological options may be envisaged in order to meet these challenges including a view generation nuclear power, renewable energy, the storage of carbon dioxide or managing energy consumption, and we need to keep all options open because none of these alone can solve all the problems. The time required for technologies to emerge following research and their penetration into the marketplace can often be several decades. The 2050 deadline is therefore not so at away and we need to stem and reverse the growth in demand from today onwards, something we should da without any misgivings when we consider the considerable uncertainties surrounding supply-side technologies. This profound transformation of our production and consumption methods also involves a change in our lifestyle and our behaviour: our efforts in the field of technological development must be accompanied by a commitment by all citizens to creating a more rational society where energy is concerned. (author)

The experience curve, option value, and the energy paradox

International Nuclear Information System (INIS)

Ansar, Jasmin; Sparks, Roger

2009-01-01

This paper develops a model to explain the 'energy paradox,' the inclination of households and firms to require very high internal rates of return in order to make energy-saving investments. The model abstracts from many features of such investments to focus on their irreversibility, the uncertainty of their future payoff streams, and the investor's anticipation of future technological advance. In this setting, the decision to invest in energy-saving technology can be delayed, providing option value. In addition, delay allows the potential investor to cash in on future experience-curve effects: With the passage of time, firms gain practical knowledge in producing and installing the energy-saving technology, enabling them to reduce the technology's up-front cost per unit of energy saved. We incorporate these fundamentals into a stochastic model where the investment's discounted benefits follow geometric Brownian motion. To demonstrate the model's capabilities, we generate simulation results for photovoltaic systems that highlight the experience-curve effect as a fundamental reason why households and firms delay making energy-saving investments until internal rates of return exceed values of 50% and higher, consistent with observations in the economics literature. We also explore altruistic motivations for energy conservation and the model's implications for both 'additionality' and the design of energy-conservation policy

Comparative assessment of electricity generation options for Mexico

International Nuclear Information System (INIS)

Cecilia, Martin Del Campo; Francois, Juan Luis

2009-01-01

This paper presents an approach to the evaluation of sustainability of energy options for the electricity generation in Mexico. The study evaluated technologies that could be planned in the short term because their high maturity. The purpose was to rank the energy options based on the evaluation of a set of criteria grouped in impact areas for each dimension of the sustainability: economic, environmental and social. Obviously, no single technology exhibited superior performance on the basis of all the criteria and it was necessary to apply a mult criteria decision analysis (MCDA). In total this study all the decision elements were combined and integrated in an inference fuzzy logic system that takes into account the weights of different indicators. The methodology was applied to compare five technologies based on wind, nuclear, natural gas, coal, hydro and oil resources under the current Mexican conditions. In view of the features of the energy options, oil and gas are subject to limited energy resources. Coal and oil show relatively unfavorable ecological and accident risk characteristics. Gas is by far the option with the best performance among the fossil fuel options. In the case of nuclear energy, the economic, environmental and health indicators are highly favorable, however, social indicators for nuclear energy are unfavorable but they are also very controversial and additional studies must be carried out. The global sustainability of hydro, nuclear, wind and natural gas resulted very close; so these energy options must be considered in the generation expansion planning studies to search the expansion plans with the better combination of generation, energetic diversification and emissions, between other criteria

Economic analysis of emerald ash borer (Coleoptera: Buprestidae) management options.

Science.gov (United States)

Vannatta, A R; Hauer, R H; Schuettpelz, N M

2012-02-01

Emerald ash borer, Agrilus planipennis (Fairmaire) (Coleoptera: Buprestidae), plays a significant role in the health and extent of management of native North American ash species in urban forests. An economic analysis of management options was performed to aid decision makers in preparing for likely future infestations. Separate ash tree population valuations were derived from the i-Tree Streets program and the Council of Tree and Landscape Appraisers (CTLA) methodology. A relative economic analysis was used to compare a control option (do-nothing approach, only removing ash trees as they die) to three distinct management options: 1) preemptive removal of all ash trees over a 5 yr period, 2) preemptive removal of all ash trees and replacement with comparable nonash trees, or 3) treating the entire population of ash trees with insecticides to minimize mortality. For each valuation and management option, an annual analysis was performed for both the remaining ash tree population and those lost to emerald ash borer. Retention of ash trees using insecticide treatments typically retained greater urban forest value, followed by doing nothing (control), which was better than preemptive removal and replacement. Preemptive removal without tree replacement, which was the least expensive management option, also provided the lowest net urban forest value over the 20-yr simulation. A "no emerald ash borer" scenario was modeled to further serve as a benchmark for each management option and provide a level of economic justification for regulatory programs aimed at slowing the movement of emerald ash borer.

Hawaii Energy Strategy Project 2: Fossil Energy Review. Task IV. Scenario development and analysis

Energy Technology Data Exchange (ETDEWEB)

Yamaguchi, N.D.; Breazeale, K. [ed.

1993-12-01

The Hawaii Energy Strategy (HES) Program is a seven-project effort led by the State of Hawaii Department of Business, Economic Development & Tourism (DBEDT) to investigate a wide spectrum of Hawaii energy issues. The East-West Center`s Program on Resources: Energy and Minerals, has been assigned HES Project 2, Fossil Energy Review, which focuses on fossil energy use in Hawaii and the greater regional and global markets. HES Project 2 has four parts: Task I (World and Regional Fossil Energy Dynamics) covers petroleum, natural gas, and coal in global and regional contexts, along with a discussion of energy and the environment. Task II (Fossil Energy in Hawaii) focuses more closely on fossil energy use in Hawaii: current utilization and trends, the structure of imports, possible future sources of supply, fuel substitutability, and energy security. Task III`s emphasis is Greenfield Options; that is, fossil energy sources not yet used in Hawaii. This task is divided into two sections: first, an in-depth {open_quotes}Assessment of Coal Technology Options and Implications for the State of Hawaii,{close_quotes} along with a spreadsheet analysis model, which was subcontracted to the Environmental Assessment and Information Sciences Division of Argonne National Laboratory; and second, a chapter on liquefied natural gas (LNG) in the Asia-Pacific market and the issues surrounding possible introduction of LNG into the Hawaii market.

Multifactor valuation models of energy futures and options on futures

Science.gov (United States)

Bertus, Mark J.

The intent of this dissertation is to investigate continuous time pricing models for commodity derivative contracts that consider mean reversion. The motivation for pricing commodity futures and option on futures contracts leads to improved practical risk management techniques in markets where uncertainty is increasing. In the dissertation closed-form solutions to mean reverting one-factor, two-factor, three-factor Brownian motions are developed for futures contracts. These solutions are obtained through risk neutral pricing methods that yield tractable expressions for futures prices, which are linear in the state variables, hence making them attractive for estimation. These functions, however, are expressed in terms of latent variables (i.e. spot prices, convenience yield) which complicate the estimation of the futures pricing equation. To address this complication a discussion on Dynamic factor analysis is given. This procedure documents latent variables using a Kalman filter and illustrations show how this technique may be used for the analysis. In addition, to the futures contracts closed form solutions for two option models are obtained. Solutions to the one- and two-factor models are tailored solutions of the Black-Scholes pricing model. Furthermore, since these contracts are written on the futures contracts, they too are influenced by the same underlying parameters of the state variables used to price the futures contracts. To conclude, the analysis finishes with an investigation of commodity futures options that incorporate random discrete jumps.

Energy options open to mankind beyond the turn of the century

International Nuclear Information System (INIS)

Haefele, W.

1977-01-01

Nuclear power is described as having the potential to provide mankind with almost unlimited energy beyond the year 2000. In terms of engineering and economics, the scale of the nuclear fuel cycle is in hundreds of GW, as compared to the GW dimension of present electricity supply units. Energy demand is considered the yardstick for measuring long-term options. Major parameters of this global approach are economic growth of industrialized nations, development of less developed countries, and population growth. Also, long-term trends away from labour-intensive economies (mostly oriented towards agriculture) towards energy-intensive and/or capital-intensive economies must be analysed. Different schemes of world economic orders must also be accounted for, such as the International Development Strategies for the 1970s and the New Economic Order. The 50-TW mark of future global energy demand used in this paper as a guideline is based on them, as well as on a medium population growth estimate of about 12 thousand million. Soft renewable energy sources have regional significance. They, as well as energy conservation, can provide up to a few TW at best. Solar power, if harvested on a global scale, would become a hard technology with large-scale storage and extensive transport and land use. Future large-scale applications of nuclear power would have to go beyond electricity generation. Breeding would allow the use of thin uranium resources, including those of the seas. Power production from either fission or fusion (D-T) breeders could be concentrated in regional energy parks up to 1TW with complete fuel cycles, using liquid or gaseous secondary energy carriers for long-range transport. Coal, which has the largest potential of all fossil resources, can serve as an option for the transition period. Used as a secondary energy carrier and combined with process heat, it could service, e.g., the transport sector for two centuries. Concluding, the author advises that this rather

Carbon footprint and energy use of food waste management options for fresh fruit and vegetables from supermarkets.

Science.gov (United States)

Eriksson, Mattias; Spångberg, Johanna

2017-02-01

Food waste is a problem with economic, environmental and social implications, making it both important and complex. Previous studies have addressed food waste management options at the less prioritised end of the waste hierarchy, but information on more prioritised levels is also needed when selecting the best available waste management options. Investigating the global warming potential and primary energy use of different waste management options offers a limited perspective, but is still important for validating impacts from the waste hierarchy in a local context. This study compared the effect on greenhouse gas emissions and primary energy use of different food waste management scenarios in the city of Växjö, Sweden. A life cycle assessment was performed for four waste management scenarios (incineration, anaerobic digestion, conversion and donation), using five food products (bananas, tomatoes, apples, oranges and sweet peppers) from the fresh fruit and vegetables department in two supermarkets as examples when treated as individual waste streams. For all five waste streams, the established waste hierarchy was a useful tool for prioritising the various options, since the re-use options (conversion and donation) reduced the greenhouse gas emissions and the primary energy use to a significantly higher degree than the energy recovery options (incineration and anaerobic digestion). The substitution of other products and services had a major impact on the results in all scenarios. Re-use scenarios where food was replaced therefore had much higher potential to reduce environmental impact than the energy recovery scenarios where fossil fuel was replaced. This is due to the high level of resources needed to produce food compared with production of fossil fuels, but also to fresh fruit and vegetables having a high water content, making them inefficient as energy carriers. Waste valorisation measures should therefore focus on directing each type of food to the waste

Design options for cooperation mechanisms under the new European renewable energy directive

International Nuclear Information System (INIS)

Klessmann, Corinna; Lamers, Patrick; Ragwitz, Mario; Resch, Gustav

2010-01-01

In June 2009, a new EU directive on the promotion of renewable energy sources (RES) entered into effect. The directive 2009/28/EC, provides for three cooperation mechanisms that will allow member states to achieve their national RES target in cooperation with other member states: statistical transfer, joint projects, and joint support schemes. This article analyses the pros and cons of the three mechanisms and explores design options for their implementation through strategic and economic questions: How to counterbalance the major drawbacks of each mechanism? How to reflect a balance of costs and benefits between the involved member states? The analysis identifies a number of design options that respond to these questions, e.g. long term contracts to ensure sufficient flexibility for statistical transfers, a coordinated, standardised joint project approach to increase transparency in the European market, and a stepwise harmonisation of joint support schemes that is based on a cost-effective accounting approach. One conclusion is that the three cooperation mechanisms are closely interlinked. One can consider their relation to be a gradual transition from member state cooperation under fully closed national support systems in case of statistical transfers, to cooperation under fully open national support systems in a joint support scheme.

Pricing the (European) option to switch between two energy sources: An application to crude oil and natural gas

International Nuclear Information System (INIS)

Gatfaoui, Hayette

2015-01-01

We consider a firm, which can choose between crude oil and natural gas to run its business. The firm selects the energy source, which minimizes its energy or production costs at a given time horizon. Assuming the energy strategy to be established over a fixed time window, the energy choice decision will be made at a given future date T. In this light, the firm's energy cost can be considered as a long position in a risk-free bond by an amount of the terminal oil price, and a short position in a European put option to switch from oil to gas by an amount of the terminal oil price too. As a result, the option to switch from crude oil to natural gas allows for establishing a hedging strategy with respect to energy costs. Modeling stochastically the underlying asset of the European put, we propose a valuation formula of the option to switch and calibrate the pricing formula to empirical data on a daily basis. Hence, our innovative framework handles widely the hedge against the price increase of any given energy source versus the price of another competing energy source (i.e. minimizing energy costs). Moreover, we provide a price for the cost-reducing effect of the capability to switch from one energy source to another one (i.e. hedging energy price risk). - Highlights: • We consider a firm, which chooses either crude oil or natural gas as an energy source. • The capability to switch offers the firm a hedge against energy commodity price risk. • A European put option prices the ability to switch from crude oil to natural gas. • The capability to switch between two energy sources reduces the firm's energy costs. • The discount illustrates the efficiency of the energy management policy (e.g. timing).

Resource and energy recovery options for fermentation industry residuals

Energy Technology Data Exchange (ETDEWEB)

Chiesa, S C [Santa Clara Univ., CA (USA); Manning, Jr, J F [Alabama Univ., Birmingham, AL (USA)

1989-01-01

Over the last 40 years, the fermentation industry has provided facility planners, plant operators and environmental engineers with a wide range of residuals management challenges and resource/energy recovery opportunities. In response, the industry has helped pioneer the use of a number of innovative resource and energy recovery technologies. Production of animal feed supplements, composts, fertilizers, soil amendments, commercial baking additives and microbial protein materials have all been detailed in the literature. In many such cases, recovery of by-products significantly reduces the need for treatment and disposal facilities. Stable, reliable anaerobic biological treatment processes have also been developed to recover significant amounts of energy in the form of methane gas. Alternatively, dewatered or condensed organic fermentation industry residuals have been used as fuels for incineration-based energy recovery systems. The sale or use of recovered by-products and/or energy can be used to offset required processing costs and provide a technically and environmentally viable alternative to traditional treatment and disposal strategies. This review examines resource recovery options currently used or proposed for fermentation industry residuals and the conditions necessary for their successful application. (author).

A multilayered analysis of energy security research and the energy supply process

International Nuclear Information System (INIS)

Kiriyama, Eriko; Kajikawa, Yuya

2014-01-01

Highlights: • The analysis reveals that energy security research is highly multidisciplinary. • Diversification is important for ensuring security in the energy supply process. • A multilayered overview of the energy supply process is important for energy risk management. • Consumer lifestyle innovation will be a part of energy security in the future. - Abstract: After the Fukushima nuclear disaster, a reassessment of the energy system is needed in order to include such aspects as human security and resilience. More open and careful discussions are needed concerning the various risks and uncertainties of future energy options, both in Japan and globally. In this paper, we aim to offer a fundamental basis for discourse on energy security by analyzing the status and trends in academic publications on that issue. Our bibliometrics analysis indicates that research has shifted from promoting strategies for ensuring the self-sufficiency of the primary energy to diversification of the secondary energy supply chain by introducing energy networks consisting of an infrastructure established through international coordination. In the literature, the concept of energy security is ambiguous and allows for multiple interpretations. Our results illustrate the existence of highly multidisciplinary topics within energy security, which can be categorized into four perspectives: geopolitical, economic, policy related, and technological

Potential and cost of clean development mechanism options in the energy sector. Inventory of options in non-Annex I countries to reduce GHG-emissions

Energy Technology Data Exchange (ETDEWEB)

Jansen, J.C.; Van der Linden, N.H.; Martens, J.W.; Ormel, F.; Van Rooijen, S.N.M. [ECN Policy Studies, Petten (Netherlands); Heaps, C.; Kartha, S.; Lazarus, M.; Ruth, M. [Stockholm Environment Institute SEI, Boston (United States); Lee, R.; Mendis, M. [Alternative Energy Development, Inc., Silver Spring (United States)

1999-12-01

An assessment is presented of the potential and cost of the Clean Development Mechanism as an instrument to partially meet the Greenhouse Gases emission limitation commitments of the Netherlands for the first budget period, 2008-2012. Information about the cost and emission reduction potential in the energy sector has been collected from national mitigation studies. In total, some 300 GHG emission reduction options in 24 non-Annex I countries have been collected Together, these countries account for two-thirds of current non-Annex I GHG emissions. The mitigation potential in non-Annex I countries is significant when compared with Annex I reduction requirements. The inventory of mitigation options suggests that an annual mitigation potential in the first budget period at costs up to 1990 USD 10/ton CO2 is approximately 1.7 Gt CO2 equivalents. However, this estimate should be viewed with caution, as the mitigation studies on which this estimate is based have been carried out as capacity-building exercises and they should not be viewed as definitive, technically rigorous, exhaustive, analysis of national GHG mitigation potential. 15 refs.

Financing options in Mexico`s energy industry

Energy Technology Data Exchange (ETDEWEB)

McKenna, J.J. [PricewaterhouseCoopers Securities, Houston, TX (United States)

1999-10-01

A series of brief notes accompanied this presentation which was divided into seven sections entitled: (1) capital markets update, (2) Mexican financial market update, (3) financing options in the energy industry, (4) the Venezuelan experience at La Apertura, (5) private and strategic equity alternatives, (6) Pricewaterhouse Coopers Securities, and (7) Mexico energy 2005 prediction. The paper focused on how the financial crisis and merger activity in Latin America will impact electricity reform in Mexico. It was noted that under Mexico`s Policy Proposal for Electricity Reform of the Mexican Electricity Industry, the financial community will seek to back companies in power generation, transportation and distribution. The difficulty of financing government businesses undergoing privatization was also discussed with particular emphasis on the challenge of accepting political and regulatory risks. The Latin private equity market and Canadian investment in Mexico was also reviewed. Since NAFTA (North American Free Trade Agreement) went into affect in 1994, Canadian investment in Mexico has more than tripled. Canadian companies have invested more than C$1.7 billion in Mexico since NAFTA. Pricewaterhouse Coopers Securities is a global investment bank which sees large opportunities in the Mexican energy market. They predict that in five years, Mexico will experience a gradual liberalization of the oil and gas sector, and a full liberalization of the gas pipeline and distribution business and the power generation, transmission and distribution business. 3 figs.

Sustainable uranium energy - an optional future

International Nuclear Information System (INIS)

Meneley, D.

2015-01-01

After 50 plus years of working on uranium fission principles and application, it is a bit hard for me to talk about anything else - but I'll give it a try. To start, I solemnly promise not to recommend to you any new reactor design - be it small, medium, modular, or large. The Uranium-fuelled power plant will be discussed ONLY as a finished product. Note that this sketch is an optional future. Ontario will, of course, take it or leave it, in whole or in part. This paper concentrates on future potential achievements of the CANDU nuclear energy systems. In the past, this venture has produced several modular systems, ranging from small (NPD and CANDU 3), medium (CANDU 6 and 6E) and large (Bruce, Darlington, and CANDU 9). All of these projects are more Ol' less finished products, and yet the CANDU concept still has broad scope for refinement and upgrading. This paper is, however, not about nuclear technology per se, but rather it is about what nuclear energy can do, both now and in the future. What does Ontario need to do next, in the line of technology applications that can help deal with the negative aspects of human-induced climate change? What energy systems can be installed to sustain the wealth and prosperity that Ontario's citizens now enjoy? What are the opportunities and the engineering challenges ahead of us? I do wish to apologize in advance for errors and omissions, and can only hope that missed details do not detract nor completely destroy an optimistic vision. Energy engineering is my game. Economics is not my specialty though it is an integral part of every engineering project. It is likely that the topic of economics will dominate the future choice of world energy supply, whatever that choice may be. Some people claim that the decisive factor dominating decisions with respect to uranium energy will be fear. In fact many opponents of the associated technology aim to induce fear as their main guiding theme. On the contrary, it is more reasonable to expect

Sustainable uranium energy - an optional future

Energy Technology Data Exchange (ETDEWEB)

Meneley, D. [Univ. of Ontario Inst. of Tech., Oshawa, Ontario (Canada)

2015-06-15

After 50 plus years of working on uranium fission principles and application, it is a bit hard for me to talk about anything else - but I'll give it a try. To start, I solemnly promise not to recommend to you any new reactor design - be it small, medium, modular, or large. The Uranium-fuelled power plant will be discussed ONLY as a finished product. Note that this sketch is an optional future. Ontario will, of course, take it or leave it, in whole or in part. This paper concentrates on future potential achievements of the CANDU nuclear energy systems. In the past, this venture has produced several modular systems, ranging from small (NPD and CANDU 3), medium (CANDU 6 and 6E) and large (Bruce, Darlington, and CANDU 9). All of these projects are more Ol' less finished products, and yet the CANDU concept still has broad scope for refinement and upgrading. This paper is, however, not about nuclear technology per se, but rather it is about what nuclear energy can do, both now and in the future. What does Ontario need to do next, in the line of technology applications that can help deal with the negative aspects of human-induced climate change? What energy systems can be installed to sustain the wealth and prosperity that Ontario's citizens now enjoy? What are the opportunities and the engineering challenges ahead of us? I do wish to apologize in advance for errors and omissions, and can only hope that missed details do not detract nor completely destroy an optimistic vision. Energy engineering is my game. Economics is not my specialty though it is an integral part of every engineering project. It is likely that the topic of economics will dominate the future choice of world energy supply, whatever that choice may be. Some people claim that the decisive factor dominating decisions with respect to uranium energy will be fear. In fact many opponents of the associated technology aim to induce fear as their main guiding theme. On the contrary, it is more

ACCOUNTING FOR OPTIONS AND ANALYSIS OF USE OF OPTION COMBINATION STRATEGIES

Directory of Open Access Journals (Sweden)

I. Derun

2016-08-01

Full Text Available The article deals with problems of accounting for options in Ukraine, namely: value expression of initial cost of options, their revaluation, accounting of premiums, financial assets and financial liabilities and variation margin. The paper offers ways of solution of these problems which based on harmonization with IAS 32, IAS 39, IFRS 7 and IFRS 9. The study considers option combination strategies (straddle, strangle, strap, strip and approaches of identification of possible financial results for investors which use these strategies. Examples of possible financial results are provided for buyers and sellers of options which use option combination strategies.

Comparison between three option, four option and five option multiple choice question tests for quality parameters: A randomized study.

Science.gov (United States)

Vegada, Bhavisha; Shukla, Apexa; Khilnani, Ajeetkumar; Charan, Jaykaran; Desai, Chetna

2016-01-01

Most of the academic teachers use four or five options per item of multiple choice question (MCQ) test as formative and summative assessment. Optimal number of options in MCQ item is a matter of considerable debate among academic teachers of various educational fields. There is a scarcity of the published literature regarding the optimum number of option in each item of MCQ in the field of medical education. To compare three options, four options, and five options MCQs test for the quality parameters - reliability, validity, item analysis, distracter analysis, and time analysis. Participants were 3 rd semester M.B.B.S. students. Students were divided randomly into three groups. Each group was given one set of MCQ test out of three options, four options, and five option randomly. Following the marking of the multiple choice tests, the participants' option selections were analyzed and comparisons were conducted of the mean marks, mean time, validity, reliability and facility value, discrimination index, point biserial value, distracter analysis of three different option formats. Students score more ( P = 0.000) and took less time ( P = 0.009) for the completion of three options as compared to four options and five options groups. Facility value was more ( P = 0.004) in three options group as compared to four and five options groups. There was no significant difference between three groups for the validity, reliability, and item discrimination. Nonfunctioning distracters were more in the four and five options group as compared to three option group. Assessment based on three option MCQs is can be preferred over four option and five option MCQs.

A review on technological options of waste to energy for effective management of municipal solid waste.

Science.gov (United States)

Kumar, Atul; Samadder, S R

2017-11-01

Approximately one-fourth population across the world rely on traditional fuels (kerosene, natural gas, biomass residue, firewood, coal, animal dung, etc.) for domestic use despite significant socioeconomic and technological development. Fossil fuel reserves are being exploited at a very fast rate to meet the increasing energy demands, so there is a need to find alternative sources of energy before all the fossil fuel reserves are depleted. Waste to energy (WTE) can be considered as a potential alternative source of energy, which is economically viable and environmentally sustainable. The present study reviewed the current global scenario of WTE technological options (incineration, pyrolysis, gasification, anaerobic digestion, and landfilling with gas recovery) for effective energy recovery and the challenges faced by developed and developing countries. This review will provide a framework for evaluating WTE technological options based on case studies of developed and developing countries. Unsanitary landfilling is the most commonly practiced waste disposal option in the developing countries. However, developed countries have realised the potential of WTE technologies for effective municipal solid waste management (MSWM). This review will help the policy makers and the implementing authorities involved in MSWM to understand the current status, challenges and barriers for effective management of municipal solid waste. This review concluded WTE as a potential renewable source of energy, which will partly meet the energy demand and ensure effective MSWM. Copyright © 2017 Elsevier Ltd. All rights reserved.

Evaluation of natural gas supply options for south east and central Europe. Part 1: Indicator definitions and single indicator analysis

International Nuclear Information System (INIS)

Afgan, Naim H.; Carvalho, Maria G.; Pilavachi, Petros A.; Martins, Nelson

2007-01-01

The need for diversification of energy sources is an immanent goal in long term energy strategy. In particular, this is of great importance for the natural gas supply. In this respect, evaluation and assessment of potential natural gas resources and their relation to consumers is of great importance. The natural gas supply in Europe is one of the main issues of European energy strategy to be followed in the future. In particular, the natural gas supply in the southeast countries is important. This paper provides a framework for understanding how much natural gas is available for use in south east and central Europe as well as the links to the recent supply of natural gas and its transport. The analysis is focused on evaluation of the potential routes for natural gas supply to the south east and central European countries. The potential options included in this analysis are the Yamal Route; Nabucco Route; West Balkan Route; LNG NEUM Route and Gas by Wire Route. In this analysis, attention is focused on the following indicators for assessment of potential options: environmental indicator; NG cost indicator; NG transport and royalty indicator; investment indicator; and NG demand indicator. The first part of this paper is devoted to the definition of the indicators and to single indicator analysis. (author)

Economic Evaluation for Energy Business Using Real Options Pricing Method

Energy Technology Data Exchange (ETDEWEB)

Yun, W.C. [Korea Energy Economics Institute, Euiwang (Korea)

2001-11-01

Recently, facing the new era of restructuring, privatization, and liberalization the energy industry in the world is changing rapidly, and thus the uncertain factors tend to increase. This would imply that energy-related business is now confronted with new market risks as well as the simple price risks. The traditional investment valuation method using the concept of net present value (NPV) or internal rate of revenue (IRR) might not incorporate the managerial alternatives which enable managers to respond flexibly to the changes in business environment. This study pointed out the problems of the traditional discounted cash flow (DCF) method when evaluating a certain capital investment in energy industry. As an alternative, the real option pricing method (ROPM) was proposed, which is widely adopted in the field of profit projection for the venture business. In addition, when applying to energy sector the feasibility of ROPM was discussed, and the frameworks and major results of previous related studies were described. For those using the ROPM in real business, I explained the detailed procedures and solutions of ROPM, and introduced the log-transformed binomial model which provides a more efficient solution. In order to verify the usefulness of the ROPM, this study performed an empirical analysis for a virtual construction and operation project of power plant. And, the results from the ROPM was compared to those from the traditional DCF method. Based on the empirical results, the values of various investment opportunities were shown to be high. Therefore, the project not justified in terms of traditional DCF would turn into the project with a positive gross project value, properly reflecting managerial flexibilities inherent in the original project. (author). 58 refs., 32 figs., 33 tabs.

Cost-effective design of ringwall storage hybrid power plants: A real options analysis

International Nuclear Information System (INIS)

Weibel, Sebastian; Madlener, Reinhard

2015-01-01

Highlights: • Economic viability, optimal size, and siting of a hybrid ringwall hydro power plant. • Real options analysis for optimal investment timing and stochastic storage volumes. • Stochastic PV and solar power production affects optimal size of the storage device. • Monte Carlo simulation is used for wind/solar power, el. price, and investment cost. • Numerical computations for two different hybrid ringwall storage plant scenarios. - Abstract: We study the economic viability and optimal sizing and siting of a hybrid plant that combines a ringwall hydro storage system with wind and solar power plants (ringwall storage hybrid power plant, RSHPP). A real options model is introduced to analyze the economics of an onshore RSHPP, and in particular of the varying storage volume in light of the stochastic character of wind and solar power, as well as the optimal investment timing under uncertainty. In fact, many uncertainties arise in such a project. Energy production is determined by the stochastic character of wind and solar power, and affects the optimal size of the storage device. Monte Carlo simulation is performed to analyze the following sources of uncertainty: (i) wind intensity and solar irradiation; (ii) future electricity price; and (iii) investment costs. The results yield the optimal size of the storage device; the energy market on which the operator should sell the electricity generated; numerical examples for two different RSHPP scenarios; and a real options model for analyzing the opportunity to defer the project investment and thus to exploit the value of waiting

Economic, energy and greenhouse emissions impacts of some consumer choice, technology and government outlay options

International Nuclear Information System (INIS)

Lenzen, Manfred; Dey, Christopher J.

2002-01-01

The impacts of selected spending options in the Australian economy are determined in terms of energy consumption, greenhouse gas emissions and a range of economic parameters. Six case studies of one current-practice and one alternative, environmentally motivated spending option are carried out, describing consumer choices, technologies and government outlays. The assessment method is based on input-output theory and, as such, enables both the direct and indirect effects of spending to be quantified. In general, the results indicate that pro-environmental objectives, such as reductions in energy consumption and greenhouse gas emissions, are compatible with broad socio-economic benefits, such as increases in employment and income, and reductions in imports

City-scale analysis of water-related energy identifies more cost-effective solutions.

Science.gov (United States)

Lam, Ka Leung; Kenway, Steven J; Lant, Paul A

2017-02-01

Energy and greenhouse gas management in urban water systems typically focus on optimising within the direct system boundary of water utilities that covers the centralised water supply and wastewater treatment systems, despite a greater energy influence by the water end use. This work develops a cost curve of water-related energy management options from a city perspective for a hypothetical Australian city. It is compared with that from the water utility perspective. The curves are based on 18 water-related energy management options that have been implemented or evaluated in Australia. In the studied scenario, the cost-effective energy saving potential from a city perspective (292 GWh/year) is far more significant than that from a utility perspective (65 GWh/year). In some cases, for similar capital cost, if regional water planners invested in end use options instead of utility options, a greater energy saving potential at a greater cost-effectiveness could be achieved in urban water systems. For example, upgrading a wastewater treatment plant for biogas recovery at a capital cost of $27.2 million would save 31 GWh/year with a marginal cost saving of $63/MWh, while solar hot water system rebates at a cost of $28.6 million would save 67 GWh/year with a marginal cost saving of $111/MWh. Options related to hot water use such as water-efficient shower heads, water-efficient clothes washers and solar hot water system rebates are among the most cost-effective city-scale opportunities. This study demonstrates the use of cost curves to compare both utility and end use options in a consistent framework. It also illustrates that focusing solely on managing the energy use within the utility would miss substantial non-utility water-related energy saving opportunities. There is a need to broaden the conventional scope of cost curve analysis to include water-related energy and greenhouse gas at the water end use, and to value their management from a city perspective. This

Proceedings of the Workshop on Program Options in Intermediate-Energy Physics. Keynote address: New directions in intermediate-energy nuclear physics

International Nuclear Information System (INIS)

Brown, G.E.

1980-05-01

This report presents the keynote address given by G.E. Brown at a LASL colloquium on August 21, 1979, for the Workshop on Program Options in Intermediate-Energy Physics. Professor Brown reviewed major topics of interest in intermediate-energy nuclear physics and suggested experimental approaches that might be most productive in the near future. 22 figures

Multi-criteria decision analysis of concentrated solar power with thermal energy storage and dry cooling.

Science.gov (United States)

Klein, Sharon J W

2013-12-17

Decisions about energy backup and cooling options for parabolic trough (PT) concentrated solar power have technical, economic, and environmental implications. Although PT development has increased rapidly in recent years, energy policies do not address backup or cooling option requirements, and very few studies directly compare the diverse implications of these options. This is the first study to compare the annual capacity factor, levelized cost of energy (LCOE), water consumption, land use, and life cycle greenhouse gas (GHG) emissions of PT with different backup options (minimal backup (MB), thermal energy storage (TES), and fossil fuel backup (FF)) and different cooling options (wet (WC) and dry (DC). Multicriteria decision analysis was used with five preference scenarios to identify the highest-scoring energy backup-cooling combination for each preference scenario. MB-WC had the highest score in the Economic and Climate Change-Economy scenarios, while FF-DC and FF-WC had the highest scores in the Equal and Availability scenarios, respectively. TES-DC had the highest score for the Environmental scenario. DC was ranked 1-3 in all preference scenarios. Direct comparisons between GHG emissions and LCOE and between GHG emissions and land use suggest a preference for TES if backup is require for PT plants to compete with baseload generators.

Sustainable nuclear energy dilemma

Directory of Open Access Journals (Sweden)

Afgan Naim H.

2013-01-01

Full Text Available Sustainable energy development implies the need for the emerging potential energy sources which are not producing adverse effect to the environment. In this respect nuclear energy has gained the complimentary favor to be considered as the potential energy source without degradation of the environment. The sustainability evaluation of the nuclear energy systems has required the special attention to the criteria for the assessment of nuclear energy system before we can make firm justification of the sustainability of nuclear energy systems. In order to demonstrate the sustainability assessment of nuclear energy system this exercise has been devoted to the potential options of nuclear energy development, namely: short term option, medium term option, long term option and classical thermal system option. Criteria with following indicators are introduced in this analysis: nuclear indicator, economic indicator, environment indicator, social indicator... The Sustainability Index is used as the merit for the priority assessment among options under consideration.

Instruments and options for environmental policy during the accession process of EU associated countries in the area of environment and energy. Final report

Energy Technology Data Exchange (ETDEWEB)

Cames, M.; Matthes, F.C.; Baer, S.; Oberthuer, S.; Krug, M.; Mez, L.; Tempel, S.

2001-07-01

With regard to the leading role of the EU in climate protection policies, it is important to consider the impact of the accession process on EU climate policy. This study includes the analysis of the most important issues related to environment and energy within the accession process, namely: 1) status quo and development of the energy sector and structural CO{sub 2} mitigation options; 2) legal gap assessment and analysis of performance in the accession process; 3) identification of implementation patterns through detailed policy analysis; 4) evaluation of co-operation projects in the field of environment and energy in order to develop new projects that promote the accession process. This volume includes comparative analysis of the five Accession Countries. The detailed analysis of each country is documented in five country reports, each in a separate volume available only on the attached CD. (orig.)

Decisions on Energy Demand Response Option Contracts in Smart Grids Based on Activity-Based Costing and Stochastic Programming

Directory of Open Access Journals (Sweden)

Alfred J. Hildreth

2013-01-01

Full Text Available Smart grids enable a two-way energy demand response capability through which a utility company offers its industrial customers various call options for energy load curtailment. If a customer has the capability to accurately determine whether to accept an offer or not, then in the case of accepting an offer, the customer can earn both an option premium to participate, and a strike price for load curtailments if requested. However, today most manufacturing companies lack the capability to make the correct contract decisions for given offers. This paper proposes a novel decision model based on activity-based costing (ABC and stochastic programming, developed to accurately evaluate the impact of load curtailments and determine as to whether or not to accept an energy load curtailment offer. The proposed model specifically targets state-transition flexible and Quality-of-Service (QoS flexible energy use activities to reduce the peak energy demand rate. An illustrative example with the proposed decision model under a call-option based energy demand response scenario is presented. As shown from the example results, the proposed decision model can be used with emerging smart grid opportunities to provide a competitive advantage to the manufacturing industry.

Feasibility study and economic analysis of pumped hydro storage and battery storage for a renewable energy powered island

International Nuclear Information System (INIS)

Ma, Tao; Yang, Hongxing; Lu, Lin

2014-01-01

Highlights: • Batteries and pumped hydro storage schemes are examined. • Sizing procedure for each option is investigated in detail. • The two schemes are compared in terms of life cycle cost and technical viability. • Sensitivity analyses are conducted on five key input parameters. - Abstract: This study examined and compared two energy storage technologies, i.e. batteries and pumped hydro storage (PHS), for the renewable energy powered microgrid power supply system on a remote island in Hong Kong. The problems of energy storage for off-grid renewable energy were analyzed. The sizing methods and economic models were developed, and finally applied in the real project (case study). The results provide the most suitable energy storage scheme for local decision-makers. The two storage schemes were further divided into 4 options. Accordingly, the life-cycle costs (LCC), levelized costs for the renewable energy storage system (LCRES) and the LCC ratios between all options were calculated and compared. It was found that the employment of conventional battery (Option 2) had a higher LCC value than the advanced deep cycle battery (Option 1), indicating that using deep cycle batteries is more suitable for a standalone renewable power supply system. The pumped storage combined with battery bank option (Option 3) had only 55% LCC of that of Option 1, making this combined option more cost-competitive than the sole battery option. The economic benefit of pumped storage is even more significant in the case of purely pumped storage with a hydraulic controller (Option 4), with the lowest LCC among all options at 29–48% of Option 1. Sensitivity analysis demonstrates that PHS is even more cost competitive by controlling some adjustments such as increasing energy storage capacity and days of autonomy. Therefore, the renewable energy system coupled with pumped storage presents technically feasible opportunities and practical potential for continuous power supply in remote

Sustainability Features of Nuclear Fuel Cycle Options

Directory of Open Access Journals (Sweden)

Stefano Passerini

2012-09-01

Full Text Available The nuclear fuel cycle is the series of stages that nuclear fuel materials go through in a cradle to grave framework. The Once Through Cycle (OTC is the current fuel cycle implemented in the United States; in which an appropriate form of the fuel is irradiated through a nuclear reactor only once before it is disposed of as waste. The discharged fuel contains materials that can be suitable for use as fuel. Thus, different types of fuel recycling technologies may be introduced in order to more fully utilize the energy potential of the fuel, or reduce the environmental impacts and proliferation concerns about the discarded fuel materials. Nuclear fuel cycle systems analysis is applied in this paper to attain a better understanding of the strengths and weaknesses of fuel cycle alternatives. Through the use of the nuclear fuel cycle analysis code CAFCA (Code for Advanced Fuel Cycle Analysis, the impact of a number of recycling technologies and the associated fuel cycle options is explored in the context of the U.S. energy scenario over 100 years. Particular focus is given to the quantification of Uranium utilization, the amount of Transuranic Material (TRU generated and the economics of the different options compared to the base-line case, the OTC option. It is concluded that LWRs and the OTC are likely to dominate the nuclear energy supply system for the period considered due to limitations on availability of TRU to initiate recycling technologies. While the introduction of U-235 initiated fast reactors can accelerate their penetration of the nuclear energy system, their higher capital cost may lead to continued preference for the LWR-OTC cycle.

DRDC Power and Energy S and T Option Analysis and Recommendations: A Response to Cross-Cutting Client S and T Requirements

Science.gov (United States)

2015-05-01

Fuel 13% Diesel 8% Gasoline 3% Electricity 16% Natural Gas 9% Light Heating Oil 3% Heavy Heating Oil 2% Aviation Fuel 46% DRDC-RDDC-2015-R068...Support. Force Generation and Support Program deliverables:  Efficiency of engines , structures, lighting, etc. will be improved, alternate...with the aim of achieving greater operational energy efficiencies while maintaining, or improving, existing DND/CAF capabilities. The option

Proceedings of solar energy storage options. Volume I. An intensive workshop on thermal energy storage for solar heating and cooling

Energy Technology Data Exchange (ETDEWEB)

None

1979-01-01

Separate abstracts were prepared for the 28 papers presented. Panel chairmen's summaries are included; the complete panel reports will be published in Volume II of the Solar Energy Storage Options Workshop proceedings. (WHK)

The role of energy-service demand reduction in global climate change mitigation: Combining energy modelling and decomposition analysis

International Nuclear Information System (INIS)

Kesicki, Fabian; Anandarajah, Gabrial

2011-01-01

In order to reduce energy-related CO 2 emissions different options have been considered: energy efficiency improvements, structural changes to low carbon or zero carbon fuel/technologies, carbon sequestration, and reduction in energy-service demands (useful energy). While efficiency and technology options have been extensively studied within the context of climate change mitigation, this paper addresses the possible role of price-related energy-service demand reduction. For this analysis, the elastic demand version of the TIAM-UCL global energy system model is used in combination with decomposition analysis. The results of the CO 2 emission decomposition indicate that a reduction in energy-service demand can play a limited role, contributing around 5% to global emission reduction in the 21st century. A look at the sectoral level reveals that the demand reduction can play a greater role in selected sectors like transport contributing around 16% at a global level. The societal welfare loss is found to be high when the price elasticity of demand is low. - Highlights: → A reduction in global energy-service demand can contribute around 5% to global emission reduction in the 21st century. → The role of demand is a lot higher in transport than in the residential sector. → Contribution of demand reduction is higher in early periods of the 21st century. → Societal welfare loss is found to be high when the price elasticity of demand is low. → Regional shares in residual emissions vary under different elasticity scenarios.

The role of energy-service demand reduction in global climate change mitigation: Combining energy modelling and decomposition analysis

Energy Technology Data Exchange (ETDEWEB)

Kesicki, Fabian, E-mail: fabian.kesicki.09@ucl.ac.uk [UCL Energy Institute, University College London, 14 Upper Woburn Place, London, WC1H 0NN (United Kingdom); Anandarajah, Gabrial [UCL Energy Institute, University College London, 14 Upper Woburn Place, London, WC1H 0NN (United Kingdom)

2011-11-15

In order to reduce energy-related CO{sub 2} emissions different options have been considered: energy efficiency improvements, structural changes to low carbon or zero carbon fuel/technologies, carbon sequestration, and reduction in energy-service demands (useful energy). While efficiency and technology options have been extensively studied within the context of climate change mitigation, this paper addresses the possible role of price-related energy-service demand reduction. For this analysis, the elastic demand version of the TIAM-UCL global energy system model is used in combination with decomposition analysis. The results of the CO{sub 2} emission decomposition indicate that a reduction in energy-service demand can play a limited role, contributing around 5% to global emission reduction in the 21st century. A look at the sectoral level reveals that the demand reduction can play a greater role in selected sectors like transport contributing around 16% at a global level. The societal welfare loss is found to be high when the price elasticity of demand is low. - Highlights: > A reduction in global energy-service demand can contribute around 5% to global emission reduction in the 21st century. > The role of demand is a lot higher in transport than in the residential sector. > Contribution of demand reduction is higher in early periods of the 21st century. > Societal welfare loss is found to be high when the price elasticity of demand is low. > Regional shares in residual emissions vary under different elasticity scenarios.

Using real options analysis to support strategic management decisions

Science.gov (United States)

Kabaivanov, Stanimir; Markovska, Veneta; Milev, Mariyan

2013-12-01

Decision making is a complex process that requires taking into consideration multiple heterogeneous sources of uncertainty. Standard valuation and financial analysis techniques often fail to properly account for all these sources of risk as well as for all sources of additional flexibility. In this paper we explore applications of a modified binomial tree method for real options analysis (ROA) in an effort to improve decision making process. Usual cases of use of real options are analyzed with elaborate study on the applications and advantages that company management can derive from their application. A numeric results based on extending simple binomial tree approach for multiple sources of uncertainty are provided to demonstrate the improvement effects on management decisions.

A Methodology for Comparative Assessment of Energy Options: The Case of Mexico

International Nuclear Information System (INIS)

Martin-del-Campo, Cecilia; Francois, Juan-Luis

2008-01-01

This paper presents the development of a methodology to measure the sustainability of alternatives for electricity generation. It is based on the evaluation of indicators in three dimensions of sustainability. No single technology exhibited superior performance on the basis of all indicators and it was necessary the application of a method to make the aggregation of all the indicators, taking into account the relative importance in the decision. In this study, a fuzzy logic inference system was developed to build a decision function that depends on all the indicators. The purpose is to rank the energy options in terms of economic, environmental and social sustainability. All the decision elements are combined and integrated in an inference logic system that takes into account weights of different indicators. The methodology was applied to evaluate the sustainability of nuclear, wind, natural gas, coal, hydro and oil technologies under Mexican conditions. When only the economic dimension is considered nuclear is the best option, if the environmental dimension is also considered the nuclear option is the best alternative too. When the social dimension is also taken into account the nuclear option is the worst. These results are obtained using the same weight to each dimension to accomplish with the equilibrium principle of the sustainability. (authors)

Risk management with substitution options: Valuing flexibility in small-scale energy systems

Science.gov (United States)

Knapp, Karl Eric

Several features of small-scale energy systems make them more easily adapted to a changing operating environment than large centralized designs. This flexibility is often manifested as the ability to substitute inputs. This research explores the value of this substitution flexibility and the marginal value of becoming a "little more flexible" in the context of real project investment in developing countries. The elasticity of substitution is proposed as a stylized measure of flexibility and a choice variable. A flexible alternative (elasticity > 0) can be thought of as holding a fixed-proportions "nflexible" asset plus a sequence of exchange options---the option to move to another feasible "recipe" each period. Substitutability derives value from following a contour of anticipated variations and from responding to new information. Substitutability value, a "cost savings option", increases with elasticity and price risk. However, the required premium to incrementally increase flexibility can in some cases decrease with an increase in risk. Variance is not always a measure of risk. Tools from stochastic dominance are newly applied to real options with convex payoffs to correct some misperceptions and clarify many common modeling situations that meet the criteria for increased variance to imply increased risk. The behavior of the cost savings option is explored subject to a stochastic input price process. At the point where costs are identical for all alternatives, the stochastic process for cost savings becomes deterministic, with savings directly proportional to elasticity of substitution and price variance. The option is also formulated as a derivative security via dynamic programming. The partial differential equation is solved for the special case of Cobb-Douglas (elasticity = 1) (also shown are linear (infinite elasticity), Leontief (elasticity = 0)). Risk aversion is insufficient to prefer a more flexible alternative with the same expected value. Intertemporal

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...

Energy management in microgrid based on the multi objective stochastic programming incorporating portable renewable energy resource as demand response option

International Nuclear Information System (INIS)

Tabar, Vahid Sohrabi; Jirdehi, Mehdi Ahmadi; Hemmati, Reza

2017-01-01

Renewable energy resources are often known as cost-effective and lucrative resources and have been widely developed due to environmental-economic issues. Renewable energy utilization even in small scale (e.g., microgrid networks) has attracted significant attention. Energy management in microgrid can be carried out based on the generating side management or demand side management. In this paper, portable renewable energy resource are modeled and included in microgrid energy management as a demand response option. Utilizing such resources could supply the load when microgrid cannot serve the demand. This paper addresses energy management and scheduling in microgrid including thermal and electrical loads, renewable energy sources (solar and wind), CHP, conventional energy sources (boiler and micro turbine), energy storage systems (thermal and electrical ones), and portable renewable energy resource (PRER). Operational cost of microgrid and air pollution are considered as objective functions. Uncertainties related to the parameters are incorporated to make a stochastic programming. The proposed problem is expressed as a constrained, multi-objective, linear, and mixed-integer programing. Augmented Epsilon-constraint method is used to solve the problem. Final results and calculations are achieved using GAMS24.1.3/CPLEX12.5.1. Simulation results demonstrate the viability and effectiveness of the proposed method in microgrid energy management. - Highlights: • Introducing portable renewable energy resource (PRER) and considering effect of them. • Considering reserve margin and sensitivity analysis for validate robustness. • Multi objective and stochastic management with considering various loads and sources. • Using augmented Epsilon-constraint method to solve multi objective program. • Highly decreasing total cost and pollution with PRER in stochastic state.

Savannah River Plant Low-Level Waste Heat Utilization Project preliminary analysis. Volume II. Options for capturing the waste heat

International Nuclear Information System (INIS)

1978-11-01

Options for utilizing the heated SRP effluent are investigated. The temperature and availability characteristics of the heated effluent are analyzed. Technical options for energy recovery are discussed. A number of thermodynamic cycles that could generate electrical power using the energy in the heated SRP effluent are described. Conceptual designs for SRP application of two attractive options are presented. Other direct uses for the heated effluent, as heat sources for agriculture and aquaculture options are discussed

The nuclear energy option an alternative for the 90s

CERN Document Server

Cohen, Bernard L

1990-01-01

University of Pittsburgh physicist Cohen provides accessible, scientifically sound risk analyses of the energy options that he believes must be exercised in the next 10 years. This update of his work on public energy policy stands opposed to the stack of recent greenhouse effect-oriented titles by proposing more nuclear power plants (including fuel reprocessing plants) as statistically the safest, most environmentally sound solution. Cohen advances the debate on energy policy for all sides by first quantifying the human health costs of coal- and oil-generated electricity, and by debunking solar technology's deus ex machina role. In this context, Cohen looks at issues surrounding nuclear power since Three Mile Island, such as the "unsolved problem" of nuclear waste disposal and the "China Syndrome." Media people especially are urged to re-examine "nuclear hysteria" (no one ever writes about " deadly natural gas," Cohen notes), and even anti-nuclear activists will find the study's appendices and notes a sourceb...

A multi-criteria decision analysis assessment of waste paper management options.

Science.gov (United States)

Hanan, Deirdre; Burnley, Stephen; Cooke, David

2013-03-01

The use of Multi-criteria Decision Analysis (MCDA) was investigated in an exercise using a panel of local residents and stakeholders to assess the options for managing waste paper on the Isle of Wight. Seven recycling, recovery and disposal options were considered by the panel who evaluated each option against seven environmental, financial and social criteria. The panel preferred options where the waste was managed on the island with gasification and recycling achieving the highest scores. Exporting the waste to the English mainland for incineration or landfill proved to be the least preferred options. This research has demonstrated that MCDA is an effective way of involving community groups in waste management decision making. Copyright © 2012 Elsevier Ltd. All rights reserved.

Life cycle assessment integrated with thermodynamic analysis of bio-fuel options for solid oxide fuel cells.

Science.gov (United States)

Lin, Jiefeng; Babbitt, Callie W; Trabold, Thomas A

2013-01-01

A methodology that integrates life cycle assessment (LCA) with thermodynamic analysis is developed and applied to evaluate the environmental impacts of producing biofuels from waste biomass, including biodiesel from waste cooking oil, ethanol from corn stover, and compressed natural gas from municipal solid wastes. Solid oxide fuel cell-based auxiliary power units using bio-fuel as the hydrogen precursor enable generation of auxiliary electricity for idling heavy-duty trucks. Thermodynamic analysis is applied to evaluate the fuel conversion efficiency and determine the amount of fuel feedstock needed to generate a unit of electrical power. These inputs feed into an LCA that compares energy consumption and greenhouse gas emissions of different fuel pathways. Results show that compressed natural gas from municipal solid wastes is an optimal bio-fuel option for SOFC-APU applications in New York State. However, this methodology can be regionalized within the U.S. or internationally to account for different fuel feedstock options. Copyright © 2012 Elsevier Ltd. All rights reserved.

The Study on Policy Options for Siting Hazardous Energy Facility

Energy Technology Data Exchange (ETDEWEB)

Kim, Jin Oh [Korea Energy Economics Institute, Euiwang (Korea)

2000-10-01

The problem of site allocation on locally unwanted land uses related to energy utilities that extended most recently is becoming a new energy policy issue due to the improvement of national standard of living and livelihood quality. Residents do not generally agree on establishing the construction of public energy utilities in their village due to NIMBY syndrome while they basically agree to have them. These circumstances made a big problem against mass production of industry society and the improvement of the national welfare. Locally unwanted land use related to energy utilities includes waste incineration system, nuclear power plant, coal fired power plant, oil and Gas storage tank, briquette manufacturing plant and etc. Opportunity for SOC projects carried out by central and local government is lost because of the regional egoism. The site dispute between government and residents obstructs optimal energy supply to be necessary for industry growth and the national welfare. The main objective of this study is to propose the policy option for finding a solution after surveying theory and background of site troubles and dispute factors. Final results of this study propose a solution on structural and institutional dispute. The former introduces three kinds of approaches such as tradition, compensation and negotiation. The transition of an environmentally sound energy consumption pattern and the improvement of energy efficiency could be carried out by traditional approaches. To claim the damage and offer the accommodation facilities could be settled by compensational approaches. The establishment of regional decentralization on NIMBY facilities could be settled by negotiatory approaches through fair share criteria. The latter proposes 1) 'polluter pays principle', 2) internalization of social cost and benefit on air or water pollution, 3) the behind - the - scene negotiation in a bid to settle a site dispute, 4) and supporting system for peripheral areas

Renewable and low-carbon energies as mitigation options of climate change for China

NARCIS (Netherlands)

Urban, F.; Benders, R. M. J.; Moll, H. C.

This article discusses how renewable and low-carbon energies can serve as mitigation options of climate change in China's power sector. Our study is based on scenarios developed in PowerPlan, a bottom-up model simulating a countries' power sector and its emissions. We first adjusted the model to

U. K. surface passenger transport sector. Energy consumption and policy options for conservation

Energy Technology Data Exchange (ETDEWEB)

Maltby, D; Monteath, I G; Lawler, K A

1978-12-01

Forecasts of U.K. energy consumption in this sector for four future scenarios based on different economic growth rates, energy prices, and energy conservation policies, show that by the year 2000, private transport will probably account for 76-94% of total energy consumption in surface passenger transport. A 33% increase in the average miles-per-gallon fuel consumption through technological improvements in private vehicles, conversion of private vehicles to diesel oil, additional fuel taxation equivalent to 25 or 50% fuel price increase, a 10% reduction in average car engine size (encouraged by taxation), and changes in public transport technology offer energy savings of about 20, 5-10, 6.3 or 12.5, 2-4, and 2%, respectively. There is considerable uncertainty about the outcome of these options.

Techno-economical Analysis of High Level Waste Storage and Disposal Options

International Nuclear Information System (INIS)

Bace, M.; Trontl, K.; Vrankic, K.

2002-01-01

Global warming and instability of gas and oil prices are redefining the role of nuclear energy in electrical energy production. A production of high-level radioactive waste (HLW), during the nuclear power plant operation and a danger of high level waste mitigation to the environment are considered by the public as a main obstacle of accepting the nuclear option. As economical and technical aspects of the back end of fuel cycle will affect the nuclear energy acceptance the techno-economical analysis of different methods for high level waste storage and disposal has to be performed. The aim of this paper is to present technical and economical characteristics of different HLW storage and disposal technologies. The final choice of a particular HLW management method is closely connected to the selection of a fuel cycle type: open or closed. Wet and dry temporary storage has been analyzed including different types of spent fuel pool capacity increase methods, different pool location (at reactor site and away from reactor site) as well as casks and vault system of dry storage. Since deep geological deposition is the only disposal method with a realistic potential, we focused our attention on that disposal technology. Special attention has been given to the new idea of international and regional disposal location. The analysis showed that a coexistence of different storage methods and deep geological deposition is expected in the future, regardless of the fuel cycle type. (author)

Asia least-cost greenhouse gas abatement strategy identification and assessment of mitigation options for the energy sector

International Nuclear Information System (INIS)

Gupta, Sujata; Bhandari, Preety

1998-01-01

The focus of the presentation was on greenhouse gas mitigation options for the energy sector for India. Results from the Asia Least-cost Greenhouse gas Abatement Strategies (ALGAS) project were presented. The presentation comprised of a review of the sources of greenhouse gases, the optimisation model, ie the Markal model, used for determining the least-cost options, discussion of the results from the baseline and the abatement scenarios. The second half of the presentation focussed on a multi-criteria assessment of the abatement options using the Analytical Hierarchical Process (AHP) model. The emissions of all greenhouse gases, for India, are estimated to be 986.3 Tg of carbon dioxide equivalent for 1990. The energy sector accounted for 58 percent of the total emissions and over 90 percent of the CO2 emissions. Net emissions form land use change and forestry were zero. (au)

Evaluation of dairy effluent management options using multiple criteria analysis.

Science.gov (United States)

Hajkowicz, Stefan A; Wheeler, Sarah A

2008-04-01

This article describes how options for managing dairy effluent on the Lower Murray River in South Australia were evaluated using multiple criteria analysis (MCA). Multiple criteria analysis is a framework for combining multiple environmental, social, and economic objectives in policy decisions. At the time of the study, dairy irrigation in the region was based on flood irrigation which involved returning effluent to the river. The returned water contained nutrients, salts, and microbial contaminants leading to environmental, human health, and tourism impacts. In this study MCA was used to evaluate 11 options against 6 criteria for managing dairy effluent problems. Of the 11 options, the MCA model selected partial rehabilitation of dairy paddocks with the conversion of remaining land to other agriculture. Soon after, the South Australian Government adopted this course of action and is now providing incentives for dairy farmers in the region to upgrade irrigation infrastructure and/or enter alternative industries.

Nuclear energy for seawater desalination - options in future

International Nuclear Information System (INIS)

Yadav, M.K.; Murugan, V.; Balasubramaniyan, C.; Nagaraj, R.; Dangore, Y.

2010-01-01

Full text: With ever increasing water scarcity, many alternatives are being tried to supplement the existing water resources. There are regions where water is scarce and population is growing and is at the mercy of inadequate supplies. Seawater constitutes a practically unlimited source of saline water. When desalted, it can augment the existing potable water resources for the people in nearby area and also meet the increasing demand. BARC has been engaged in the field of desalination and developed expertise in both thermal and membrane technologies. It has setup 6300 M 3 /D Nuclear Desalination Demonstration Project (NDDP) at Kalpakkam, where both membrane and thermal technologies have been used for sea water desalination. Desalination process needs energy and nuclear energy is strong option in view of limited fossil fuels and environmental concerns. Multi Stage Flash (MSF) plant based on thermal technology has been coupled to MAPS Reactors and Sea Water Reverse Osmosis (SWRO) plant is based on membrane technology. This paper discusses various aspects of coupling of desalination plant with nuclear reactors and also discusses salient features of hybridization of thermal and membrane technologies

An entry and exit model on the energy-saving investment strategy with real options

International Nuclear Information System (INIS)

Lin, Tyrone T.; Huang, S.-L.

2010-01-01

This paper presents an improved decision model based on the real options approach presented by for the firms that have not yet established energy-saving equipment under the entry and exit strategies. Furthermore, the proposed model takes account of the inevitable equipment renewal and the occurrence of unexpected events under the Poisson jump process. The timing for terminating an investment when continuous operations of that business are unprofitable is also explored to realize the optimal timing of implementing the energy-saving strategy. The future discounted benefit B follows the geometric Brownian motion with the Poisson jump process and the replacement of investment equipment. A numerical analysis is followed by a sensitivity study of various parameters to better realize their impacts on the entry and exit thresholds. The results show that for the jump case, the higher probability of occurrence of unfavorable events will result in a higher entry threshold and lower exit threshold. Investors are forced to request higher benefit thresholds to cover the higher probability of losses brought by unfavorable events.

Waste Not, Want Not: Analyzing the Economic and Environmental Viability of Waste-to-Energy (WTE) Technology for Site-Specific Optimization of Renewable Energy Options

Energy Technology Data Exchange (ETDEWEB)

Funk, K.; Milford, J.; Simpkins, T.

2013-02-01

Waste-to-energy (WTE) technology burns municipal solid waste (MSW) in an environmentally safe combustion system to generate electricity, provide district heat, and reduce the need for landfill disposal. While this technology has gained acceptance in Europe, it has yet to be commonly recognized as an option in the United States. Section 1 of this report provides an overview of WTE as a renewable energy technology and describes a high-level model developed to assess the feasibility of WTE at a site. Section 2 reviews results from previous life cycle assessment (LCA) studies of WTE, and then uses an LCA inventory tool to perform a screening-level analysis of cost, net energy production, greenhouse gas (GHG) emissions, and conventional air pollution impacts of WTE for residual MSW in Boulder, Colorado. Section 3 of this report describes the federal regulations that govern the permitting, monitoring, and operating practices of MSW combustors and provides emissions limits for WTE projects.

Greenhouse Gas Mitigation Options in ISEEM Global Energy Model: 2010-2050 Scenario Analysis for Least-Cost Carbon Reduction in Iron and Steel Sector

Energy Technology Data Exchange (ETDEWEB)

Karali, Nihan; Xu, Tengfang; Sathaye, Jayant

2013-12-01

The goal of the modeling work carried out in this project was to quantify long-term scenarios for the future emission reduction potentials in the iron and steel sector. The main focus of the project is to examine the impacts of carbon reduction options in the U.S. iron and steel sector under a set of selected scenarios. In order to advance the understanding of carbon emission reduction potential on the national and global scales, and to evaluate the regional impacts of potential U.S. mitigation strategies (e.g., commodity and carbon trading), we also included and examined the carbon reduction scenarios in China’s and India’s iron and steel sectors in this project. For this purpose, a new bottom-up energy modeling framework, the Industrial Sector Energy Efficiency Modeling (ISEEM), (Karali et al. 2012) was used to provide detailed annual projections starting from 2010 through 2050. We used the ISEEM modeling framework to carry out detailed analysis, on a country-by-country basis, for the U.S., China’s, and India’s iron and steel sectors. The ISEEM model applicable to iron and steel section, called ISEEM-IS, is developed to estimate and evaluate carbon emissions scenarios under several alternative mitigation options - including policies (e.g., carbon caps), commodity trading, and carbon trading. The projections will help us to better understand emission reduction potentials with technological and economic implications. The database for input of ISEEM-IS model consists of data and information compiled from various resources such as World Steel Association (WSA), the U.S. Geological Survey (USGS), China Steel Year Books, India Bureau of Mines (IBM), Energy Information Administration (EIA), and recent LBNL studies on bottom-up techno-economic analysis of energy efficiency measures in the iron and steel sector of the U.S., China, and India, including long-term steel production in China. In the ISEEM-IS model, production technology and manufacturing details are

Renewable energy policy in South Africa: policy options for renewable electricity

International Nuclear Information System (INIS)

Winkler, H.

2005-01-01

Investment in renewable energy and energy efficiency is important to reduce the negative economic, social and environmental impacts of energy production and consumption in South Africa. Currently, renewable energy contributes relatively little to primary energy and even less to the consumption of commercial energy. This article examines policy options for promoting renewable electricity. Feed-in tariffs guarantee prices for developers, but lack certainty on the amount of renewable electricity such laws would deliver under local conditions. Portfolio standards set a fixed quantity, which would guarantee diversity of supply. The question is whether the incremental upfront cost to be paid by society may be unacceptably high, compared to future health and environmental benefits. A renewables obligation combines the setting of a target with a tendering process, but may be bureaucratic to administer. Neither setting targets or regulating prices alone, however, will be sufficient. Power purchase agreements, access to the grid and creating markets for green electricity are some supporting activities that should be considered. Given that renewable electricity technologies have to compete with relatively low electricity tariffs, funding will be needed. Possible sources, both locally and internationally, are identified. The extent to which these are utilised will determine the future mix of renewable energy in South Africa. (author)

Renewable energy policy in South Africa: policy options for renewable electricity

International Nuclear Information System (INIS)

Winkler, Harald

2005-01-01

Investment in renewable energy and energy efficiency is important to reduce the negative economic, social and environmental impacts of energy production and consumption in South Africa. Currently, renewable energy contributes relatively little to primary energy and even less to the consumption of commercial energy. This article examines policy options for promoting renewable electricity. Feed-in tariffs guarantee prices for developers, but lack certainty on the amount of renewable electricity such laws would deliver under local conditions. Portfolio standards set a fixed quantity, which would guarantee diversity of supply. The question is whether the incremental upfront cost to be paid by society may be unacceptably high, compared to future health and environmental benefits. A renewables obligation combines the setting of a target with a tendering process, but may be bureaucratic to administer. Neither setting targets or regulating prices alone, however, will be sufficient. Power purchase agreements, access to the grid and creating markets for green electricity are some supporting activities that should be considered. Given that renewable electricity technologies have to compete with relatively low electricity tariffs, funding will be needed. Possible sources, both locally and internationally, are identified. The extent to which these are utilised will determine the future mix of renewable energy in South Africa

Risk benefits of climate-friendly energy supply options

International Nuclear Information System (INIS)

Hirschberg, S.; Burgherr, P.

2003-01-01

One of the central goals of sustainable development is the reduction of Greenhouse Gas (GHG) emissions. This is needed in order to prevent the anticipated climate change, and the potentially serious consequences for human beings and the environment. Energy supply systems constitute the dominant contributors to GHG emissions. This paper examines three illustrative emission scenarios for world-wide energy supply in the 21 st Century. These scenarios, including the associated GHG and major pollutant emissions, were chosen from a set established by the Intergovernmental Panel on Climate Change (IPCC). Using the emissions as a starting point, and based on recent findings concerning the impact on the environment and the financial costs resulting from global climate change on the one hand, and regional air pollution on the other hand, the present work provides estimates of the scenario-dependent, world-wide cumulative damage. The fossil-intensive reference scenario leads to overall damages which correspond to very substantial losses in Gross Domestic Product (GDP), and which widely exceed the damages caused by the scenarios reflecting climate-friendly policies. Generally, the somewhat speculative estimates of the GHG-specific damages are much less significant than damages to human health and the environment caused by the major air pollutants. This means that the secondary benefits of climate-friendly, energy-supply options, i.e. those which avoid the impacts due to air pollution, alone justify strategies protecting the climate. (author)

Financing options in Mexico's energy industry

Energy Technology Data Exchange (ETDEWEB)

McKenna, J.J. (PricewaterhouseCoopers Securities, Houston, TX (United States))

1999-01-01

A series of brief notes accompanied this presentation which was divided into seven sections entitled: (1) capital markets update, (2) Mexican financial market update, (3) financing options in the energy industry, (4) the Venezuelan experience at La Apertura, (5) private and strategic equity alternatives, (6) Pricewaterhouse Coopers Securities, and (7) Mexico energy 2005 prediction. The paper focused on how the financial crisis and merger activity in Latin America will impact electricity reform in Mexico. It was noted that under Mexico's Policy Proposal for Electricity Reform of the Mexican Electricity Industry, the financial community will seek to back companies in power generation, transportation and distribution. The difficulty of financing government businesses undergoing privatization was also discussed with particular emphasis on the challenge of accepting political and regulatory risks. The Latin private equity market and Canadian investment in Mexico was also reviewed. Since NAFTA (North American Free Trade Agreement) went into affect in 1994, Canadian investment in Mexico has more than tripled. Canadian companies have invested more than C$1.7 billion in Mexico since NAFTA. Pricewaterhouse Coopers Securities is a global investment bank which sees large opportunities in the Mexican energy market. They predict that in five years, Mexico will experience a gradual liberalization of the oil and gas sector, and a full liberalization of the gas pipeline and distribution business and the power generation, transmission and distribution business. 3 figs.

A multi-criteria decision analysis assessment of waste paper management options

Energy Technology Data Exchange (ETDEWEB)

Hanan, Deirdre [Department of Design, Development, Environment and Materials, The Open University, Walton Hall, Milton Keynes, MK7 6AA (United Kingdom); Burnley, Stephen, E-mail: s.j.burnley@open.ac.uk [Department of Design, Development, Environment and Materials, The Open University, Walton Hall, Milton Keynes, MK7 6AA (United Kingdom); Cooke, David [Department of Design, Development, Environment and Materials, The Open University, Walton Hall, Milton Keynes, MK7 6AA (United Kingdom)

2013-03-15

Highlights: ► Isolated communities have particular problems in terms of waste management. ► An MCDA tool allowed a group of non-experts to evaluate waste management options. ► The group preferred local waste management solutions to export to the mainland. ► Gasification of paper was the preferred option followed by recycling. ► The group concluded that they could be involved in the decision making process. - Abstract: The use of Multi-criteria Decision Analysis (MCDA) was investigated in an exercise using a panel of local residents and stakeholders to assess the options for managing waste paper on the Isle of Wight. Seven recycling, recovery and disposal options were considered by the panel who evaluated each option against seven environmental, financial and social criteria. The panel preferred options where the waste was managed on the island with gasification and recycling achieving the highest scores. Exporting the waste to the English mainland for incineration or landfill proved to be the least preferred options. This research has demonstrated that MCDA is an effective way of involving community groups in waste management decision making.

A multi-criteria decision analysis assessment of waste paper management options

International Nuclear Information System (INIS)

Hanan, Deirdre; Burnley, Stephen; Cooke, David

2013-01-01

Highlights: ► Isolated communities have particular problems in terms of waste management. ► An MCDA tool allowed a group of non-experts to evaluate waste management options. ► The group preferred local waste management solutions to export to the mainland. ► Gasification of paper was the preferred option followed by recycling. ► The group concluded that they could be involved in the decision making process. - Abstract: The use of Multi-criteria Decision Analysis (MCDA) was investigated in an exercise using a panel of local residents and stakeholders to assess the options for managing waste paper on the Isle of Wight. Seven recycling, recovery and disposal options were considered by the panel who evaluated each option against seven environmental, financial and social criteria. The panel preferred options where the waste was managed on the island with gasification and recycling achieving the highest scores. Exporting the waste to the English mainland for incineration or landfill proved to be the least preferred options. This research has demonstrated that MCDA is an effective way of involving community groups in waste management decision making

Holistic-integrated analysis and evaluation of nuclear energy for sustainable energy supply; Ganzheitlich-integrierte Betrachtung der Kernenergie im Hinblick auf eine nachhaltige Energieversorgung

Energy Technology Data Exchange (ETDEWEB)

Wissel, Steffen [Stuttgart Univ. (Germany). Inst. fuer Energiewirtschaft und Rationelle Energieanwendung (IER)

2012-11-01

Germany has decided in 2011 nuclear phase-out by the end of 2022. The European Commission is still convinced of the safe use of nuclear energy as option for carbon reduction in the energy supply. In the European energy market the decisions of neighboring countries have an impact on the national energy systems. The contribution covers a holistic-integrated analysis based on technical, economic and ecologic aspects of nuclear energy for sustainable energy supply in comparison with other fossil and renewable systems.

New options for developing of nuclear energy using an accelerator-driven reactor

International Nuclear Information System (INIS)

Takahashi, Hiroshi.

1997-01-01

Fissile fuel can be produced at a high rate using an accelerator-driven Pu-fueled subcritical fast reactor. Thus, the necessity of early introduction of the fast reactor can be moderated. High reliability of the proton accelerator, which is essential to implementing an accelerator-driven reactor in the nuclear energy field can be achieved by a slight extension of the accelerator's length, with only a small economical penalty. Subcritical operation provides flexible nuclear energy options including high neutron economy producing the fuel, transmuting high-level wastes, such as minor actinides, and of converting efficiently the excess Pu and military Pu into proliferation-resistant fuel

THE THEORY OF REAL OPTIONS in investment ANALYSIS of agroforestry systems

Directory of Open Access Journals (Sweden)

Maísa Santos Joaquim

2015-09-01

Full Text Available In this study we compared the values generated by traditional economic analysis (Net Present Value - NPV with Real Options Method. The objective was to apply the method proposed by Copeland & Antikarov for rainbow options, due to three stochastic variables selected with decision of abandonment if the project value with flexibility was less than the value of the underlying stock. It enabled the flexibility value generation in order to entrepreneurs to have more confidence in their decision when they are investing in a project with Agroforestry System, with different scenarios visualization in a single analysis. The results evidenced that the economic viability analysis, using Real Options, provided the best view of the possible scenarios, within a range generated by the prices volatility. The Net Present Value adopted as the underlying stock value was R$ 5,684.32, using the discount rate (WACC of 9.95% and risk-free interest rate of 7.5%. To determine the volatility were calculated: the logarithmic return standard deviation (27.06, the average (0.0883, upward movements values (u (1.3107 with 61.34% of probability and downward movements values (d(0.7628 with 38.66%  of probability. The option value in case of abandonment was R$ 2,059.01/ha positive. The results showed that the NPV overestimated the project return and that it would be viable to abandon it.

Transformation towards a Renewable Energy System in Brazil and Mexico—Technological and Structural Options for Latin America

OpenAIRE

Sonja Simon; Tobias Naegler; Hans Christian Gils

2018-01-01

Newly industrialized countries face major challenges to comply with the Paris Treaty targets as economic growth and prosperity lead to increasing energy demand. Our paper analyses technological and structural options in terms of energy efficiency and renewable energies for a massive reduction of energy-related CO2 emissions in Latin America. Brazil and Mexico share similar growth prospects but differ significantly with respect to renewable energy potentials. We identify, how this leads to dif...

Soviet energy: current problems and future options

Energy Technology Data Exchange (ETDEWEB)

Stein, J B

1981-12-01

The connection between Soviet oil and energy resources, their efficient and timely utilization, and politico-military opportunities in the Persian Gulf region offer an inescapable link for analysis. Worsening trends in economic growth, factor productivity, social unrest, and energy production/distribution offset optimistic trends in Soviet military procurement and deployment. A conjunction of geologic, geographic, and systemic factors all point to a mid-1980s energy imbalance which in turn will pose hard questions for the Moscow leadership. 28 references.

Real options analysis for land use management: Methods, application, and implications for policy.

Science.gov (United States)

Regan, Courtney M; Bryan, Brett A; Connor, Jeffery D; Meyer, Wayne S; Ostendorf, Bertram; Zhu, Zili; Bao, Chenming

2015-09-15

Discounted cash flow analysis, including net present value is an established way to value land use and management investments which accounts for the time-value of money. However, it provides a static view and assumes passive commitment to an investment strategy when real world land use and management investment decisions are characterised by uncertainty, irreversibility, change, and adaptation. Real options analysis has been proposed as a better valuation method under uncertainty and where the opportunity exists to delay investment decisions, pending more information. We briefly review the use of discounted cash flow methods in land use and management and discuss their benefits and limitations. We then provide an overview of real options analysis, describe the main analytical methods, and summarize its application to land use investment decisions. Real options analysis is largely underutilized in evaluating land use decisions, despite uncertainty in policy and economic drivers, the irreversibility and sunk costs involved. New simulation methods offer the potential for overcoming current technical challenges to implementation as demonstrated with a real options simulation model used to evaluate an agricultural land use decision in South Australia. We conclude that considering option values in future policy design will provide a more realistic assessment of landholder investment decision making and provide insights for improved policy performance. Copyright © 2015 Elsevier Ltd. All rights reserved.

EU policy options for climate and energy beyond 2020

Energy Technology Data Exchange (ETDEWEB)

Koelemeijer, R.; Ros, J.; Notenboom, J.; Boot, P. [Netherlands Environmental Assessment Agency PBL, Den Haag (Netherlands); Groenenberg, H.; Winkel, T. [Ecofys, Utrecht (Netherlands)

2013-05-15

In 2009, the EU climate and energy package with targets for 2020 (the so-called 20-20-20 targets) were formulated. For the period after 2020, however, there are no legally binding targets at the EU level, except for a decreasing ETS cap which will not be sufficient in light of the ambition for 2050. This leads to uncertainty for market players, as project lead times are long and high upfront investments need to deliver returns well beyond 2020. In its Green Paper on a 2030 framework for climate and energy policies, the European Commission recognised the need for clarity regarding the post-2020 policy framework. Currently under discussion is whether the approach for 2020 should be continued towards 2030 in the form of three more stringent targets or that other approaches would be more appropriate. Within this context, the Dutch Government asked PBL Netherlands Environmental Assessment Agency and Ecofys for advice. PBL and Ecofys have subsequently analysed possible options for an EU policy framework for 2030 that will steer towards a low-carbon economy by 2050 in a cost-effective way.

Recycling and transmutation of spent fuel as a sustainable option for the nuclear energy development

International Nuclear Information System (INIS)

Maiorino, Jose R.; Moreira, Joao M.L.

2013-01-01

The objective of this paper is to discuss the option of recycling and transmutation of radioactive waste against Once-through Fuel Cycle (OTC) based on uranium feed under the perspective of sustainability. We use a qualitative analysis to compare OTC with closed fuel cycles based on studies already performed such as the Red Impact Project and the comparative study on accelerator driven systems and fast reactors for advanced fuel cycles performed by the Nuclear Energy Agency. The results show that recycling and transmutation fuel cycles are more attractive than the OTC from the point of view of sustainability. The main conclusion is that the decision about the construction of a deep geological repository for spent fuel disposal must be reevaluated. (author)

Modelling the water energy nexus: should variability in water supply impact on decision making for future energy supply options?

Directory of Open Access Journals (Sweden)

J. D. S. Cullis

2018-02-01

Full Text Available Many countries, like South Africa, Australia, India, China and the United States, are highly dependent on coal fired power stations for energy generation. These power stations require significant amounts of water, particularly when fitted with technology to reduce pollution and climate change impacts. As water resources come under stress it is important that spatial variability in water availability is taken into consideration for future energy planning particularly with regards to motivating for a switch from coal fired power stations to renewable technologies. This is particularly true in developing countries where there is a need for increased power production and associated increasing water demands for energy. Typically future energy supply options are modelled using a least cost optimization model such as TIMES that considers water supply as an input cost, but is generally constant for all technologies. Different energy technologies are located in different regions of the country with different levels of water availability and associated infrastructure development and supply costs. In this study we develop marginal cost curves for future water supply options in different regions of a country where different energy technologies are planned for development. These water supply cost curves are then used in an expanded version of the South Africa TIMES model called SATIM-W that explicitly models the water-energy nexus by taking into account the regional nature of water supply availability associated with different energy supply technologies. The results show a significant difference in the optimal future energy mix and in particular an increase in renewables and a demand for dry-cooling technologies that would not have been the case if the regional variability of water availability had not been taken into account. Choices in energy policy, such as the introduction of a carbon tax, will also significantly impact on future water resources, placing

Modelling the water energy nexus: should variability in water supply impact on decision making for future energy supply options?

Science.gov (United States)

Cullis, James D. S.; Walker, Nicholas J.; Ahjum, Fadiel; Juan Rodriguez, Diego

2018-02-01

Many countries, like South Africa, Australia, India, China and the United States, are highly dependent on coal fired power stations for energy generation. These power stations require significant amounts of water, particularly when fitted with technology to reduce pollution and climate change impacts. As water resources come under stress it is important that spatial variability in water availability is taken into consideration for future energy planning particularly with regards to motivating for a switch from coal fired power stations to renewable technologies. This is particularly true in developing countries where there is a need for increased power production and associated increasing water demands for energy. Typically future energy supply options are modelled using a least cost optimization model such as TIMES that considers water supply as an input cost, but is generally constant for all technologies. Different energy technologies are located in different regions of the country with different levels of water availability and associated infrastructure development and supply costs. In this study we develop marginal cost curves for future water supply options in different regions of a country where different energy technologies are planned for development. These water supply cost curves are then used in an expanded version of the South Africa TIMES model called SATIM-W that explicitly models the water-energy nexus by taking into account the regional nature of water supply availability associated with different energy supply technologies. The results show a significant difference in the optimal future energy mix and in particular an increase in renewables and a demand for dry-cooling technologies that would not have been the case if the regional variability of water availability had not been taken into account. Choices in energy policy, such as the introduction of a carbon tax, will also significantly impact on future water resources, placing additional water

Strategic analysis methodology for energy systems with remote island case study

International Nuclear Information System (INIS)

Krumdieck, Susan; Hamm, Andreas

2009-01-01

A strategic analysis methodology is presented for adaptive energy systems engineering to realize an optimal level of service in the context of a community's social, economic, and environmental position. The groundwork stage involves characterizing the social context, assessing available energy resources, identifying environmental issues, setting eco-resource limits, and quantifying socio-economic constraints for a given region. A spectrum of development options is then constructed according to the range of energy service levels identified for the sector under study. A spectrum of conceptual energy systems is generated and infrastructure investments and resource use are modeled. The outcome is a matrix of energy system investment possibilities for the range of energy demand levels reflecting the values, ideas, and expectations expressed by the community. These models are then used to assess technical feasibility and economic, environmental and social risk. The result is an easily understood graphical depiction of local aspirations, investment options, and risks which clearly differentiates development opportunities from non-viable concepts. The approach was applied to a case study on Rotuma, an isolated Pacific Island. The case study results show a clear development opportunity space for Rotuma where desired energy services are in balance with investment sources, resource availability, and environmental constraints.

Balancing of solar heating options

NARCIS (Netherlands)

Veltkamp, W.B.; van Koppen, C.W.J.; Ouden, den C.

1984-01-01

In the field of energy conservation many options are presently competing. This study aims at providing more rational criteria for selection between these options.The options considered are; insulation of the walls, regeneration of the heat in the waste air, double glazing, attached sunspace at the

Nuclear energy-an essential option for sustainable development of global economy

International Nuclear Information System (INIS)

Tokio Kanoh

2005-01-01

Increased use of nuclear energy is an essential option for us to take the sustainable development of the global economy. The reasons are as follows: 1. Energy demand, especially in oil demand; 2. Environmental impact, especially greenhouse effect and carbon dioxide emissions, CO 2 emissions to be reduced 40% by increased use of nuclear power; 3. In the era of hydrogen, nuclear power can contribute in two ways. One is hydrogen production by electrolysis of water in conventional light water reactors powered by less costly late night electricity and the other by paralysis using high temperature gas produced in a high temperature testing reactor, Electric power consumption will increase 50% from 1990 to 2050. What is striking about his projection is types of fuels in use for power generation at that time which will consist of 60% nuclear, 10% hydro and 10% of other renewable energies. In other words, nearly 80% of fuels will be non-fossil sources

Requirements of Integrated Design Teams While Evaluating Advanced Energy Retrofit Design Options in Immersive Virtual Environments

Directory of Open Access Journals (Sweden)

Xue Yang

2015-12-01

Full Text Available One of the significant ways to save energy use in buildings is to implement advanced energy retrofits in existing buildings. Improving energy performance of buildings through advanced energy retrofitting requires a clear understanding of the cost and energy implications of design alternatives from various engineering disciplines when different retrofit options are considered. The communication of retrofit design alternatives and their energy implications is essential in the decision-making process, as it affects the final retrofit selections and hence the energy efficiency of the retrofitted buildings. The objective of the research presented here was to identify a generic list of information requirements that are needed to be shared and collectively analyzed by integrated design teams during advanced energy retrofit design review meetings held in immersive settings. While identifying such requirements, the authors used an immersive environment based iterative requirements elicitation approach. The technology was used as a means to better identify the information requirements of integrated design teams to be analyzed as a group. This paper provides findings on information requirements of integrated design teams when evaluating retrofit options in immersive virtual environments. The information requirements were identified through interactions with sixteen experts in design and energy modeling domain, and validated with another group of participants consisting of six design experts who were experienced in integrated design processes. Industry practitioners can use the findings in deciding on what information to share with integrated design team members during design review meetings that utilize immersive virtual environments.

Analysis of Nuclear Option in Planning on Java Bali Integrated Electricity System By Using Message Program

International Nuclear Information System (INIS)

Masdin; Sudi-Ariyanto; Nuryanti

2004-01-01

The growth of national energy demand in the future still become a great challenge for energy supply sector in Indonesia. The current energy supply strategy focuses the development and diversification of all energy options including fossil fuel, renewable energy and nuclear energy. Based on the Comprehensive Assessment Of Different Energy Source For Electricity Demand Study (CADES), final energy demand will grow from 4,065 PJ in 2000 to about 8,200 PJ in 2025. In this paper, the analysis of national energy system network will be divided into 2 regions, namely Java Bali region and Outside Java Bali region. Period of time horizon chosen in this study is 25 years (2000 to 2025). Simulation of network system configuration based on minimum objective function criteria was done by using MESSAGE (Model for Energy Supply Strategy Alternatives and their General Environmental Impacts) computer program. The focus of the analysis in this paper is simulation of electricity planning sector for Java Bali region. The result of simulation shows that for scenarios with no limitation on all fuel for power plant, scenario where fuel oil as constant supply for power plant and also configuration with limitation on gas supply, Nuclear Power Plant (NPP) does not appear during the study period using cost parameter set in this study. If there are limitations on gas supply and constrains of emissions (SO 2 and CO 2 ) due to coal combustion, NPP would become competitive and appear at about year 2015. (author)

Market segmentation for multiple option healthcare delivery systems--an application of cluster analysis.

Science.gov (United States)

Jarboe, G R; Gates, R H; McDaniel, C D

1990-01-01

Healthcare providers of multiple option plans may be confronted with special market segmentation problems. This study demonstrates how cluster analysis may be used for discovering distinct patterns of preference for multiple option plans. The availability of metric, as opposed to categorical or ordinal, data provides the ability to use sophisticated analysis techniques which may be superior to frequency distributions and cross-tabulations in revealing preference patterns.

Carbon and energy balances for a range of biofuels options

Energy Technology Data Exchange (ETDEWEB)

Elsayed, M.A.; Matthews, R.; Mortimer, N.D.

2003-03-01

This is the final report of a project to produce a set of baseline energy and carbon balances for a range of electricity, heat and transport fuel production systems based on biomass feedstocks. A list of 18 important biofuel technologies in the UK was selected for study of their energy and carbon balances in a consistent approach. Existing studies on these biofuel options were reviewed and their main features identified in terms of energy input, greenhouse gas emissions (carbon dioxide, methane, nitrous oxide and total), transparency and relevance. Flow charts were produced to represent the key stages of the production of biomass and its conversion to biofuels. Outputs from the study included primary energy input per delivered energy output, carbon dioxide outputs per delivered energy output, methane output per delivered energy output, nitrous oxide output per delivered energy output and total greenhouse gas requirements. The net calorific value of the biofuel is given where relevant. Biofuels studied included: biodiesel from oilseed rape and recycled vegetable oil; combined heat and power (CHP) by combustion of wood chip from forestry residues; CHP by gasification of wood chip from short rotation coppice; electricity from the combustion of miscanthus, straw, wood chip from forestry residues and wood chip from short rotation coppice; electricity from gasification of wood chip from forestry residues and wood chip from short rotation coppice; electricity by pyrolysis of wood chip from forestry residues and wood chip from short rotation coppice; ethanol from lignocellulosics, sugar beet and wheat; heat (small scale) from combustion of wood chip from forestry residues and wood chip from short rotation coppice; and rapeseed oil from oilseed rape.

The need and possible options for the use of renewable energy in Estonia

International Nuclear Information System (INIS)

Merdikes, M.; Kivistik, J.

2002-01-01

The decrease in fossil fuel and the environmental problems arising from their burning force the mankind to change the structure of energy production. In the Estonian primary energy balance of renewable natural resources wood and peat are on the first place with the percentage of ca 11%. Wind, water and solar energy have not up till now been widely used in Estonia. The foundation of a wind plant and the construction of bioenergy boiler plants are promising from the financial point of view. For the feedstock of bioenergy production, waste from logging and timber industry, energy fast-growing trees and grasses, bulrush and biogas produced by fermentation of organic matter, could be used. One of the options is to produce energy field crops - rape and turnip rape. The authors hope that this paper will emphasise the importance of conducting more extensive research of renewable energy resources and the introduction of such projects. (author)

Impact of gas on utilities - competitive energy options

International Nuclear Information System (INIS)

Coolican, M.

1997-01-01

The initiatives taken by Nova Scotia Power to have natural gas as a generating fuel was discussed. Nova Scotia Power customers have indicated to the Utility that along with reduced energy costs, they want choices, better services and innovative products. It was noted that coal is currently Nova Scotia Power's principal fuel, but the utility is working with the Cape Breton Development Corporation, their supplier, to bring the cost of coal down. The utility is also exploring the potential of coal bed methane in Pictou and Cumberland counties of Nova Scotia. However, the most promising competitive energy option for their customers is Sable Offshore natural gas. To bring natural gas as the generating fuel for electricity, the Utility is taking steps to convert its Tufts Cove Thermal Generating Station to natural gas and to pipe natural gas to the Trenton Generating Station by November 1999. Bringing natural gas to these two stations would establish a critical base level of demand for natural gas in the Halifax and New Glasgow-Trenton area. One of the important ingredients of this plan is the cost of piping the gas to market. It was suggested that the 'postage stamp' tolling system (i.e. one price for the gas delivered anywhere along the pipeline) favored by some, would not give Nova Scotians the economic advantages that they deserve. For this reason, Nova Scotia Power favours the 'point to point' tolling system, a system that is considered fair and efficient, and the one that has a better chance of producing competitive energy prices

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...

Perspective on long-range nuclear energy options

International Nuclear Information System (INIS)

Harms, W.O.

1977-01-01

The study group whose effort is presented here concluded that the United States urgently needs to have a breeder option available for possible deployment before the year 2000 primarily because of uncertainties in the availability of fossil fuels and uranium supplies. It was recommended that the U/Pu LMFBR program proceed as planned, including prompt construction of the CRBRP and its associated fuel cycle facilities. Alternative cycle studies should be pursued, but without significantly delaying the current program. There are technological choices which, in suitable political contexts, may somewhat reduce proliferation risks; of these, only those that employ breeders preserve the breeder option (and the nuclear option in the long term. These alternatives must be coupled with political agreements to have any significant effect on proliferation potential internationally. These same political agreements should suffice to control the U/Pu breeder cycle; there is only a difference in degree between the U/Pu and the denatured Th/U-233 cycles

Meeting world energy needs. The economic and environmental aspects of the nuclear option

International Nuclear Information System (INIS)

Ward, D.P.; Chalpin, D.M.

1994-01-01

Tabulated capital, operating, and overall production costs for nuclear, coal, and gas-fuelled power show that nuclear power is a viable option for meeting the world's energy needs. The advantage of nuclear, otherwise limited to certain markets, is seen to be much greater when credit is taken for environmental factors, namely emissions of carbon dioxide and acidic gases by fossil-fuelled plants. 5 figs

Automated Multivariate Optimization Tool for Energy Analysis: Preprint

Energy Technology Data Exchange (ETDEWEB)

Ellis, P. G.; Griffith, B. T.; Long, N.; Torcellini, P. A.; Crawley, D.

2006-07-01

Building energy simulations are often used for trial-and-error evaluation of ''what-if'' options in building design--a limited search for an optimal solution, or ''optimization''. Computerized searching has the potential to automate the input and output, evaluate many options, and perform enough simulations to account for the complex interactions among combinations of options. This paper describes ongoing efforts to develop such a tool. The optimization tool employs multiple modules, including a graphical user interface, a database, a preprocessor, the EnergyPlus simulation engine, an optimization engine, and a simulation run manager. Each module is described and the overall application architecture is summarized.

A homotopy analysis method for the option pricing PDE in illiquid markets

Science.gov (United States)

E-Khatib, Youssef

2012-09-01

One of the shortcomings of the Black and Scholes model on option pricing is the assumption that trading the underlying asset does not affect the underlying asset price. This can happen in perfectly liquid markets and it is evidently not viable in markets with imperfect liquidity (illiquid markets). It is well-known that markets with imperfect liquidity are more realistic. Thus, the presence of price impact while studying options is very important. This paper investigates a solution for the option pricing PDE in illiquid markets using the homotopy analysis method.

A Review of the Application of Lifecycle Analysis to Renewable Energy Systems

Science.gov (United States)

Lund, Chris; Biswas, Wahidul

2008-01-01

The lifecycle concept is a "cradle to grave" approach to thinking about products, processes, and services, recognizing that all stages have environmental and economic impacts. Any rigorous and meaningful comparison of energy supply options must be done using a lifecycle analysis approach. It has been applied to an increasing number of conventional…

Informed public opinion in the Netherlands. Evaluation of CO2 capture and storage technologies in comparison with other CO2 mitigation options

Energy Technology Data Exchange (ETDEWEB)

De Best-Waldhober, M. [Energy Research of the Netherlands ECN, Unit Policy Studies, Radarweg 60, 1043 NT Amsterdam (Netherlands); Daamen, D.D.L. [Centre for Energy and Environmental Studies, Dept. of Psychology, Leiden University, Wassenaarseweg 52, 2333 AK Leiden (Netherlands); Ramirez-Ramirez, A.; Faaij, A. [Copernicus Institute, Faculty of Geosciences, Utrecht University, Budapestlaat 6, 3584 CD Utrecht (Netherlands); Hendriks, C.; De Visser, E. [Ecofys Netherlands, Kanaalweg 16-a, 3526 KL Utrecht (Netherlands)

2012-09-15

In this study, 995 respondents in a representative sample of the Dutch general population are set in the situation of policymakers: they are faced with the issue of fulfilling the Dutch demand for energy in 2030 in such a way that emissions of carbon dioxide will be reduced by 50%. In the Information-Choice Questionnaire (ICQ) that was developed for this, respondents evaluated information from experts on seven options for CO2 emission reduction and their consequences. Two CCS options were compared to two energy efficiency options, a wind energy option, a biomass energy option, and a nuclear energy option. Results show that people are not that enthusiastic regarding the two CCS options. These are evaluated 5.3 and 5.9 on average on a scale of 1-10 and not often chosen as one of the three preferred options, but they are also rarely rejected. Most of the other options in the questionnaire were evaluated rather positively, except nuclear energy and the more ambitious efficiency option. Analysis shows that the evaluation of the information regarding consequences moderately influences how options are evaluated overall. The results further indicate that the CCS options are evaluated less positively due to the comparison with other options.

Energy-Water Modeling and Analysis | Energy Analysis | NREL

Science.gov (United States)

Generation (ReEDS Model Analysis) U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather Modeling and Analysis Energy-Water Modeling and Analysis NREL's energy-water modeling and analysis vulnerabilities from various factors, including water. Example Projects Renewable Electricity Futures Study

Application of a multi-criteria analysis for the selection of the most suitable energy source and water desalination system in Mauritania

International Nuclear Information System (INIS)

Bayod Rujula, Angel Antonio; Dia, Nourou Khalidou

2010-01-01

Water deficits and their associated shortages are serious problems in many areas of the world. The paper presents a multi-criteria analysis for selection of the most suitable system in Mauritania. Six scenarios, different energy sources, technologies of water desalination processes and water use and five criteria are analyzed. The multi-criteria analysis shows that the optimal solution is different for each scenario; in some cases the photovoltaic-reverse osmosis option is preferable; in others, the best option is reverse-osmosis powered by wind energy or concentrating solar parabolic.

When to Wait for More Evidence? Real Options Analysis in Proton Therapy

Science.gov (United States)

Abrams, Keith R.; de Ruysscher, Dirk; Pijls-Johannesma, Madelon; Peters, Hans J.M.; Beutner, Eric; Lambin, Philippe; Joore, Manuela A.

2011-01-01

Purpose. Trends suggest that cancer spending growth will accelerate. One method for controlling costs is to examine whether the benefits of new technologies are worth the extra costs. However, especially new and emerging technologies are often more costly, while limited clinical evidence of superiority is available. In that situation it is often unclear whether to adopt the new technology now, with the risk of investing in a suboptimal therapy, or to wait for more evidence, with the risk of withholding patients their optimal treatment. This trade-off is especially difficult when it is costly to reverse the decision to adopt a technology, as is the case for proton therapy. Real options analysis, a technique originating from financial economics, assists in making this trade-off. Methods. We examined whether to adopt proton therapy, as compared to stereotactic body radiotherapy, in the treatment of inoperable stage I non-small cell lung cancer. Three options are available: adopt without further research; adopt and undertake a trial; or delay adoption and undertake a trial. The decision depends on the expected net gain of each option, calculated by subtracting its total costs from its expected benefits. Results. In The Netherlands, adopt and trial was found to be the preferred option, with an optimal sample size of 200 patients. Increase of treatment costs abroad and costs of reversal altered the preferred option. Conclusion. We have shown that real options analysis provides a transparent method of weighing the costs and benefits of adopting and/or further researching new and expensive technologies. PMID:22147003

Balancing Fiscal, Energy, and Environmental Concerns: Analyzing the Policy Options for California’s Energy and Economic Future

Directory of Open Access Journals (Sweden)

Edward Manderson

2013-03-01

Full Text Available This study estimates the fiscal, energy, and environmental tradeoffs involved in supplying California’s future energy needs. An integrated framework is developed whereby an econometric forecasting system of California energy demand is coupled with engineering-economic models of energy supply, and economic impacts are estimated using input-output models of the California economy. A baseline scenario in which California relies on imported electricity to meet future demand is then compared against various energy supply development scenarios over the forecast horizon (2012–2035. The results indicate that if California implements its renewable portfolio standard (RPS, there will be a substantial net cost in terms of value added, employment, and state tax revenues because the economic benefits of building capacity are outweighed by higher energy prices. Although carbon emissions fall, the cost per ton of avoided emissions is well above market prices. Building out natural gas fired generation capacity also leads to losses compared to the baseline, although the impacts are relatively minor. Meanwhile, a strategy of replacing imported crude oil and natural gas with domestic production using indigenous resources increases gross state product, employment, and tax revenues, with minimal impact on carbon emissions. This option could, therefore, help mitigate the costs of California meeting its RPS commitment.

Option value of electricity demand response

Energy Technology Data Exchange (ETDEWEB)

Sezgen, Osman; Goldman, C.A. [Lawrence Berkeley National Laboratory, 1 Cyclotron Road, Berkeley CA 94720 (United States); Krishnarao, P. [Citigroup Energy Inc., 1301 Fannin St, Houston, TX 77002 (United States)

2007-02-15

As electricity markets deregulate and energy tariffs increasingly expose customers to commodity price volatility, it is difficult for energy consumers to assess the economic value of investments in technologies that manage electricity demand in response to changing energy prices. The key uncertainties in evaluating the economics of demand-response technologies are the level and volatility of future wholesale energy prices. In this paper, we demonstrate that financial engineering methodologies originally developed for pricing equity and commodity derivatives (e.g., futures, swaps, options) can be used to estimate the value of demand-response technologies. We adapt models used to value energy options and assets to value three common demand-response strategies: load curtailment, load shifting or displacement, and short-term fuel substitution-specifically, distributed generation. These option models represent an improvement to traditional discounted cash flow methods for assessing the relative merits of demand-side technology investments in restructured electricity markets. (author)

Option value of electricity demand response

International Nuclear Information System (INIS)

Sezgen, Osman; Goldman, C.A.; Krishnarao, P.

2007-01-01

As electricity markets deregulate and energy tariffs increasingly expose customers to commodity price volatility, it is difficult for energy consumers to assess the economic value of investments in technologies that manage electricity demand in response to changing energy prices. The key uncertainties in evaluating the economics of demand-response technologies are the level and volatility of future wholesale energy prices. In this paper, we demonstrate that financial engineering methodologies originally developed for pricing equity and commodity derivatives (e.g., futures, swaps, options) can be used to estimate the value of demand-response technologies. We adapt models used to value energy options and assets to value three common demand-response strategies: load curtailment, load shifting or displacement, and short-term fuel substitution-specifically, distributed generation. These option models represent an improvement to traditional discounted cash flow methods for assessing the relative merits of demand-side technology investments in restructured electricity markets. (author)

Dynamic analysis of hybrid energy systems under flexible operation and variable renewable generation – Part II: Dynamic cost analysis

International Nuclear Information System (INIS)

Garcia, Humberto E.; Mohanty, Amit; Lin, Wen-Chiao; Cherry, Robert S.

2013-01-01

Dynamic analysis of HES (hybrid energy systems) under flexible operation and variable renewable generation is considered in this two-part communication to better understand various challenges and opportunities associated with the high system variability arising from the integration of renewable energy into the power grid. Advanced HES solutions are investigated in which multiple forms of energy commodities, such as electricity and chemical products, may be exchanged. In particular, a comparative dynamic cost analysis is conducted in this part two of the communication to determine best HES options. The cost function includes a set of metrics for computing fixed costs, such as fixed operations and maintenance and overnight capital costs, and also variable operational costs, such as cost of operational variability, variable operations and maintenance cost, and cost of environmental impact, together with revenues. Assuming natural gas, coal, and nuclear as primary heat sources, preliminary results identify the level of renewable penetration at which a given advanced HES option (e.g., a nuclear hybrid) becomes increasingly more economical than a traditional electricity-only generation solution. Conditions are also revealed under which carbon resources may be better utilized as carbon sources for chemical production rather than as combustion material for electricity generation. - Highlights: ► Dynamic analysis of HES to investigate challenges related to renewable penetration. ► Evaluation of dynamic synergies among HES constituents on system performance. ► Comparison of traditional versus advanced HES candidates. ► Dynamic cost analysis of HES candidates to investigate their economic viability. ► Identification of conditions under which an energy commodity may be best utilized

Analysis of Japan's energy and environment strategy after the Fukushima nuclear plant accident

International Nuclear Information System (INIS)

Homma, Takashi; Akimoto, Keigo

2013-01-01

This paper examines economic analyses of the “Options for Energy and the Environment” proposed by the Japanese government. The main focuses of the analyses are the power generation mix in 2030, and particularly electricity supply shares of nuclear power. The options proposed by the government assume drastic energy efficiency improvements, increase in renewable energy, and deep CO 2 emission reductions. Considerable energy savings are assumed by the government even in the baseline scenario, and these are inconsistent with historical growth trends for GDP and power demand. We modify the energy savings baseline scenario for consistency with the historical trends and historical electricity savings after the nuclear power accident. In order to provide a wider array of options, particularly those with fewer negative impacts on GDP, this paper proposes alternative options under a revised baseline. In the alternative options, we assume lower shares of renewable energy in electricity supply and lower carbon price. The economic impacts for the alternative options are much smaller than those assumed by the government. The economic analyses provided in this paper will help future policy making for energy and environment in Japan. - Highlights: • This paper provides economic analyses on future energy scenarios proposed by the Japanese government. • Energy savings of the government's scenarios are inconsistent with historical trends. • We modify baseline scenario of energy savings and propose alternative options. • Economic impacts for alternative options are smaller than those by the government

Comparative assessment of electricity generation options in the Philippines

International Nuclear Information System (INIS)

Leonin, T.V.; Mundo, M.Q.; Venida, L.L.; Arriola, H.; Madrio, E.

2001-01-01

The development of a country specific data base on energy sources, facilities and technologies is presented in this paper. It also identified feasible national electricity generating options and electric power system expansion alternatives for the period 2000-2020, and conducted comparative assessments of these options based on economic and environmental considerations. The possible role of nuclear power in the country's future electric energy was also studied. The comparison of three electricity generating options were considered: coal-fired thermal power plant without flue gas desulfurization (FGD), coal-fired thermal power plant with FGD and combined cycle power plant with 300 MW generating capacity each. Based on the analysis of three alternatives, the use of coal-fired power plants equipped with flue gas desulfurization (FGD) should be seriously considered. The government is expected to pursue the full development of local energy sources such as hydropower, geothermal, coal, natural gas and other new and renewable energy sources. However, there will still be a major need for imported oil and coal fuel which will likely supply unidentified energy sources beyond 2010. In the case of nuclear power, the government has not firmed up definite plans for any construction of nuclear power plants after 2010. However, the long term energy development plan still includes the operation of at least two nuclear power plants by the 2020 and this long term range program has not been revised in the recent published updates. (Author)

Cost benefit analysis of two policy options for cannabis: status quo and legalisation.

Science.gov (United States)

Shanahan, Marian; Ritter, Alison

2014-01-01

To date there has been limited analysis of the economic costs and benefits associated with cannabis legalisation. This study redresses this gap. A cost benefit analysis of two cannabis policy options the status quo (where cannabis use is illegal) and a legalised-regulated option was conducted. A cost benefit analysis was used to value the costs and benefits of the two policies in monetary terms. Costs and benefits of each policy option were classified into five categories (direct intervention costs, costs or cost savings to other agencies, benefits or lost benefits to the individual or the family, other impacts on third parties, and adverse or spill over events). The results are expressed as a net social benefit (NSB). The mean NSB per annum from Monte Carlo simulations (with the 5 and 95 percentiles) for the status quo was $294.6 million AUD ($201.1 to $392.7 million) not substantially different from the $234.2 million AUD ($136.4 to $331.1 million) for the legalised-regulated model which excludes government revenue as a benefit. When government revenue is included, the NSB for legalised-regulated is higher than for status quo. Sensitivity analyses demonstrate the significant impact of educational attainment and wellbeing as drivers for the NSB result. Examining the percentiles around the two policy options, there appears to be no difference between the NSB for these two policy options. Economic analyses are essential for good public policy, providing information about the extent to which one policy is substantially economically favourable over another. In cannabis policy, for these two options this does not appear to be the case.

Cost benefit analysis of two policy options for cannabis: status quo and legalisation.

Directory of Open Access Journals (Sweden)

Marian Shanahan

Full Text Available AIMS: To date there has been limited analysis of the economic costs and benefits associated with cannabis legalisation. This study redresses this gap. A cost benefit analysis of two cannabis policy options the status quo (where cannabis use is illegal and a legalised-regulated option was conducted. METHOD: A cost benefit analysis was used to value the costs and benefits of the two policies in monetary terms. Costs and benefits of each policy option were classified into five categories (direct intervention costs, costs or cost savings to other agencies, benefits or lost benefits to the individual or the family, other impacts on third parties, and adverse or spill over events. The results are expressed as a net social benefit (NSB. FINDINGS: The mean NSB per annum from Monte Carlo simulations (with the 5 and 95 percentiles for the status quo was $294.6 million AUD ($201.1 to $392.7 million not substantially different from the $234.2 million AUD ($136.4 to $331.1 million for the legalised-regulated model which excludes government revenue as a benefit. When government revenue is included, the NSB for legalised-regulated is higher than for status quo. Sensitivity analyses demonstrate the significant impact of educational attainment and wellbeing as drivers for the NSB result. CONCLUSION: Examining the percentiles around the two policy options, there appears to be no difference between the NSB for these two policy options. Economic analyses are essential for good public policy, providing information about the extent to which one policy is substantially economically favourable over another. In cannabis policy, for these two options this does not appear to be the case.

OIL AND GAS FUTURES AND OPTIONS MARKET

Directory of Open Access Journals (Sweden)

Ante Nosić

2017-01-01

Full Text Available Energy mineral resources markets are represented by complex supply and demand ratios which are depending on different factors such as technical (transport and geopolitical. The main specific of energy markets is represented by an uneven geographic distribution of hydrocarbon reserves and exploration on one hand and energy consumption on the other. World oil markets, although geographically localized, because of specific market trade, represent unique global market with decreasing price difference. Price differences are result of development of a transport possibilities of oil supply. Development of transport routes of natural gas and increasing number of liquefied natural gas terminals in the world give pressure to natural gas market and its integration into global gas market. Integration of regional gas markets into a common European gas market is main energy policy of EU concerning natural gas. On the other hand, there are still significant price differences on some markets (e.g. United States of America - South East Asia. Development of global energy markets is enabled by development of a futures and options contracts of an energy trade which have replaced bilateral contract deals between producers and consumers. Futures contracts are standardized contracts traded on exchanges. Buyer agrees to buy certain quantity of stock for an agreed upon price and with some future delivery date. Option is a contract which gives a buyer the option of the right to buy (or sell, depending on the option an asset at predetermined price and at a later date. Stocks price risk can be managed with the purchase and selling futures and options contracts. This paper deals with futures and options energy markets and their market strategies.

A PC-based software package for modeling DOE mixed-waste management options

International Nuclear Information System (INIS)

Abashian, M.S.; Carney, C.; Schum, K.

1995-02-01

The U.S. Department of Energy (DOE) Headquarters and associated contractors have developed an IBM PC-based software package that estimates costs, schedules, and public and occupational health risks for a range of mixed-waste management options. A key application of the software package is the comparison of various waste-treatment options documented in the draft Site Treatment Plans prepared in accordance with the requirements of the Federal Facility Compliance Act of 1992. This automated Systems Analysis Methodology consists of a user interface for configuring complexwide or site-specific waste-management options; calculational algorithms for cost, schedule and risk; and user-selected graphical or tabular output of results. The mixed-waste management activities modeled in the automated Systems Analysis Methodology include waste storage, characterization, handling, transportation, treatment, and disposal. Analyses of treatment options identified in the draft Site Treatment Plans suggest potential cost and schedule savings from consolidation of proposed treatment facilities. This paper presents an overview of the automated Systems Analysis Methodology

Evaluation of energy efficiency opportunities of a typical Moroccan cement plant: Part I. Energy analysis

International Nuclear Information System (INIS)

Fellaou, S.; Bounahmidi, T.

2017-01-01

Highlights: • We have analyzed the degree of freedom of the overall system. • We validated the redundant measurements by the Lagrange multipliers technique. • We have analyzed the mass and the energy balances by two approaches. • We identified the factors that penalize the energetic performance of the whole plant. • We assessed options to improve energy efficiency of the entire cement plant. - Abstract: The cement industry is one of Morocco’s most highly energy intensive economic sectors. It suffers from abnormally high cost of energy supplies, representing more than two thirds of the cost of cement; the first item of expenditure is electricity and fuel with 40% and 30% respectively. Herefor, much more effort is needed to make the cement sector reach energy saving targets set by the Moroccan energy efficiency strategy. The present work aims to evaluate energy performance of an existing Moroccan cement plant based on a detailed mass and energy balances analysis. Redundant measurements were validated by the Lagrange multipliers technique before being used for the calculation of unmeasured variables. The values for energy consumption and related losses through the whole production line are reported, and the results obtained have been used to assess the energy performance of the process. The evaluation was completed by both an analysis of possible energy loss sources and important solutions described in the international literature to improve the energy efficiency of the entire cement plant.

Cross-sectoral assessment of mitigation options

DEFF Research Database (Denmark)

Halsnæs, K.

1997-01-01

similarly been assessed in the country study for Zimbabwe, The options include in particular efficiency improvements in industrial plants and in the energy sector, A new methodological issue in the country study for Zimbabwe is the comparable assessment of greenhouse gas reductions options for multiple...... emission sources and gases. The paper reports the result of the integrated assessment of CO2 and CH4 reduction options for energy, agriculture, forestry and waste management for Zimbabwe, This leads up to a final discussion on methodological issues involved in cross-sectoral mitigation assessment. (C) 1997...

A model of residential energy end-use in Canada: Using conditional demand analysis to suggest policy options for community energy planners

International Nuclear Information System (INIS)

Newsham, Guy R.; Donnelly, Cara L.

2013-01-01

We applied conditional demand analysis (CDA) to estimate the average annual energy use of various electrical and natural gas appliances, and derived energy reductions associated with certain appliance upgrades and behaviours. The raw data came from 9773 Canadian households, and comprised annual electricity and natural gas use, and responses to >600 questions on dwelling and occupant characteristics, appliances, heating and cooling equipment, and associated behaviours. Replacing an old (>10 years) refrigerator with a new one was estimated to save 100 kW h/year; replacing an incandescent lamp with a CFL/LED lamp was estimated to save 20 kW h/year; and upgrading an old central heating system with a new one was estimated to save 2000 kW h/year. This latter effect was similar to that of reducing the number of walls exposed to the outside. Reducing the winter thermostat setpoint during occupied, waking hours was estimated to lower annual energy use by 200 kW h/°C-reduction, and lowering the thermostat setting overnight in winter relative to the setting during waking hours (night-time setback) was estimated to have a similar effect. This information may be used by policy-makers to optimize incentive programs, information campaigns, or other energy use change instruments. - Highlights: ► Conditional demand analysis (CDA) applied to data from 9773 Canadian households. ► Energy savings associated with certain appliance upgrades estimated. ► Energy savings associated with thermostat behaviours estimated. ► Policy-makers can use findings to optimize incentives and information campaigns

Energy Efficient Evolution of Mobile Networks

DEFF Research Database (Denmark)

Micallef, Gilbert; Mogensen, Preben

2011-01-01

options for how to evolve their networks, allowing them to carry the expected increase in traffic. The best solution is generally selected based on two main criteria, performance and cost. However, pushed by a variety of environmental and energy challenges, MNOs are now also showing interest...... in understanding the impact that different options can have on the energy consumption of their networks. This paper investigates the possible energy gains of evolving a mobile network through a joint pico deployment and macro upgrade solution over a period of 8 years. Besides the network energy consumption, energy...... efficiency in Mbps/kWh is also analyzed. Furthermore, a cost analysis is carried out, to give a more complete picture of the different options being considered. Focusing on the last year of the evolution analysis, results show that deploying more pico sites reduces the energy consumption of the network...

Evaluating the sustainability of an energy supply system using renewable energy sources: An energy demand assessment of South Carolina

Science.gov (United States)

Green, Cedric Fitzgerald

Sustainable energy is defined as a dynamic harmony between the equitable availability of energy-intensive goods and services to all people and the preservation of the earth for future generations. Sustainable energy development continues to be a major focus within the government and regulatory governing bodies in the electric utility industry. This is as a result of continued demand for electricity and the impact of greenhouse gas emissions from electricity generating plants on the environment by way of the greenhouse effect. A culmination of increasing concerns about climate change, the nuclear incident in Fukushima four years ago, and discussions on energy security in a world with growing energy demand have led to a movement for increasing the share of power generation from renewable energy sources. This work studies demand for electricity from primarily residential, commercial, agricultural, and industrial customers in South Carolina (SC) and its effect on the environment from coal-fired electricity generating plants. Moreover, this work studies sustainable renewable energy source-options based on the renewable resources available in the state of SC, as viable options to supplement generation from coal-fired electricity generating plants. In addition, greenhouse gas emissions and other pollutants from primarily coal-fired plants will be defined and quantified. Fundamental renewable energy source options will be defined and quantified based on availability and sustainability of SC's natural resources. This work studies the environmental, economic, and technical aspects of each renewable energy source as a sustainable energy option to replace power generation from coal-fired plants. Additionally, social aspect implications will be incorporated into each of the three aspects listed above, as these aspects are explored during the research and analysis. Electricity demand data and alternative energy source-supply data in SC are carried out and are used to develop and

Integrating energy and environmental goals. Investment needs and technology options

International Nuclear Information System (INIS)

2004-04-01

, since their shares of global energy demand and emissions are expected to grow rapidly. Over the next thirty years, developing countries are expected to account for 70% of the growth in global energy demand and for two-thirds of the growth in global emissions. Section six looks at some of the challenges regarding investment and energy access. Security of energy supply is an important component in the planning of future technology options, because long-term security calls for a balance between energy sources and technologies. Governments have a role to play in tipping this balance, and this role is examined in section seven. A final section examines the uncertainties and costs of various policy initiatives over the long term

Levelized cost-risk reduction prioritization of waste disposal options

International Nuclear Information System (INIS)

Wilkinson, V.K.; Young, J.M.

1992-01-01

The prioritization of solid waste disposal options in terms of reduced risk to workers, the public, and the environment has recently generated considerable governmental and public interest. In this paper we address the development of a methodology to establish priorities for waste disposal options, such as incineration, landfills, long-term storage, waste minimization, etc. The study is one result of an overall project to develop methodologies for Probabilistic Risk Assessments (PRAs) of non-reactor nuclear facilities for the US Department of Energy. Option preferences are based on a levelized cost-risk reduction analysis. Option rankings are developed as functions of disposal option cost and timing, relative long- and short-term risks, and possible accident scenarios. We examine the annual costs and risks for each option over a large number of years. Risk, in this paper, is defined in terms of annual fatalities (both prompt and long-term) and environmental restoration costs that might result from either an accidental release or long-term exposure to both plant workers and the public near the site or facility. We use event timing to weigh both costs and risks; near-term costs and risks are discounted less than future expenditures and fatalities. This technique levels the timing of cash flows and benefits by converting future costs and benefits to present value costs and benefits. We give an example Levelized Cost-Benefit Analysis of incinerator location options to demonstrate the methodology and required data

Evaluation of design options for improving the energy efficiency of an environmentally safe domestic refrigerator-freezer

Energy Technology Data Exchange (ETDEWEB)

Vineyard, E.A.; Sand, J.R. [Oak Ridge National Lab., TN (United States); Bohman, R.H.

1995-03-01

In order to reduce greenhouse emissions from power plants and respond to regulatory actions arising from the National Appliance Energy Conservation Act (NAECA), several design options were investigated for improving the energy efficiency of a conventionally designed, domestic refrigerator-freezer. The options, such as improved cabinet insulation and high-efficiency compressor and fans, were incorporated into a prototype refrigerator-freezer cabinet and refrigeration system to produce a unit that is superior from an environmental viewpoint due to its lower energy consumption and the use of refrigerant HFC-134a as a replacement for CFC-12. Baseline energy performance of the original 1993 production refrigerator-freezer, along with cabinet heat load and compressor calorimeter test results, were extensively documented to provide a firm basis for experimentally measured energy savings. A detailed refrigerator system computer model was used to evaluate the energy savings for several design modifications that, collectively, could achieve a targeted energy consumption of 1.00 kWh/d for a 20 ft{sup 3} (570 l) top-mount, automatic-defrost, refrigerator-freezer. The energy consumption goal represents a 50% reduction in the 1993 NAECA standard for units of this size. Following the modeling simulation, laboratory prototypes were fabricated and tested to experimentally verify the analytical results and aid in improving the model in those areas where discrepancies occurred. While the 1.00 kWh/d goal was not achieved with the modifications, a substantial energy efficiency improvement of 22% (1.41 kWh/d) was demonstrated using near-term technologies. It is noted that each improvement exacts a penalty in terms of increased cost or system complexity/reliability. Further work on this project will analyze cost-effectiveness of the design changes and investigate alternative, more-elaborate, refrigeration system changes to further reduce energy consumption.

Analysis of federal options to support photovoltaic industry growth

Energy Technology Data Exchange (ETDEWEB)

Bennington, G.; Cherdak, A.; Williams, F.

1979-05-01

This report presents the methodology and results of an analysis to determine the impact and leverage of federal options for supporting the growth of the photovoltaic industry. Results were projected for combinations of the following: an aggressive federal research and development program, achievement of a technological breakthrough, and immediate or breakthrough-dependent incentives including direct price reductions, keyed-to-breakeven subsidies, and federal puchases. The modeling methodology and market assumptions were also tested to determine their effect on analysis results.

2005 resource options report

International Nuclear Information System (INIS)

Morris, T.

2005-01-01

This resource options report (ROR) fulfils regulatory requirements in British Columbia's two-year resource planning process. It identifies a wide range of resources and technologies that could be used to meet BC Hydro's future electricity demand. As such, it facilitates a transparent public review of resource options which include both supply-side and demand-side options. The resource options that will be used in the 2005 integrated electricity plan (IEP) were characterized. This ROR also documents where there is a general agreement or disagreement on the resource type characterization, based on the First Nations and Stakeholder engagement. BC Hydro used current information to provide realistic ranges on volume and cost to characterize environmental and social attributes. The BC Hydro system was modelled to assess the benefit and cost of various resource options. The information resulting from this ROR and IEP will help in making decisions on how to structure competitive acquisition calls and to determine the level of transmission services needed to advance certain BC Hydro projects. The IEP forecasts the nature and quantity of domestic resources required over the next 20 years. A strategic direction on how those needs will be met has been created to guide the management of BC Hydro's energy resources. Supply-side options include near-commercial technologies such as energy storage, ocean waves, tidal, fuel cells and integrated coal gasification combined cycle technology. Supply-side options also include natural gas, coal, biomass, geothermal, wind, and hydro. 120 refs., 39 tabs., 21 figs., 6 appendices

Savannah River Plant Low-Level Waste Heat Utilization Project preliminary analysis. Volume III. Preferred utilization options

International Nuclear Information System (INIS)

1978-11-01

The technical, economic, environmental, and institutional considerations that must be resolved before implementing options to recover energy from the heated SRP effluent are examined. Detailed hypothetical siting options and expected economic returns are examined for power generation, prawn production, and one industrial park scenario. The likely indirect effects on regional population, income, taxes, and infrastructure requirements if the industrial park scenario is implemented are also projected. Recommendations for follow-on studies to make possible an informed go/no-go decision for implementing attractive waste heat options using reject SRP effluent are included

The electricity supply options in Cuba and the potential role of nuclear energy

International Nuclear Information System (INIS)

Perez Martin, D.; Lopez Lopez, I.

2000-01-01

Cuba is poor in primary energy resources. After an economic crisis initiated in 1990, a recuperation process began in 1994, but in the electric sector we could not reach the 1989 generation level. A comparative assessment of different options to cover electricity demand until 2015 performed using DECADES tools shows that the most important options are: hydro, nuclear, biomass, combined cycle and combustion turbines. The nuclear power option in the evaluated electric system expansion cases can play an important economic and environment role. The introduction of one nuclear power plant will save 330 million dollars in the expansion of the national electricity system. Environment emissions calculations during the study period, taking into consideration only the generation step, show that only the introduction of one NPP until 2015 will produce significant environment benefits. With the assumption that in generation step hydro, nuclear and biomass plants do not produce emissions, if the amount of electricity generated by these plants during study period would be generated in conventional Oil Steam Boilers with typical emission factors for Cuban conditions, the CO 2 emissions would increase in 26 millions tonnes, 576 thousand tonnes of SO x and 102 thousand tonnes of NO x . The NPP cover 80% of these reductions. (author)

Cost-benefit analysis of retrofit of high-intensity discharge factory lighting with energy-saving alternatives

Energy Technology Data Exchange (ETDEWEB)

Preston, D.J. [Alabama Industrial Assessment Center, The University of Alabama, 1530 W. Tremont St, Allentown, PA 18102 (United States); Woodbury, K.A. [Alabama Industrial Assessment Center, The University of Alabama, 290 Hardaway Hall, Box 870276, Tuscaloosa, AL 35487-0276 (United States)

2013-05-15

Due to increased concern about overall energy costs and the appearance of efficient and inexpensive lighting system alternatives, factories and plants with high-intensity discharge (HID) lighting are forced to consider retrofit with more modern, energy-efficient lighting. The decision is complicated from an economic perspective, and there is a lack of information readily available on the topic. This study provides an analysis of the replacement by retrofit of common probe-start metal halide and high-pressure sodium industrial lighting systems. Retrofit options considered include the more recent pulse-start metal halide lamps and a range of T5 high output and T8 fluorescent lamp configurations. Recent data on lighting system pricing, labor and energy costs, and time required for tasks are reported. The results generated include savings, payback period, and net present value for many retrofit options, as well as the change in energy consumption, carbon footprint, and lumen output for each retrofit. Effects of varying rate of return and daily duration of operation are considered. Based on change in lumen output, payback period, net present value, and comparison of lighting quality, one or two options are recommended from the overall retrofit options considered. A fluorescent retrofit is recommended for each of the HID initial scenarios considered. The payback period is no more than 3 years in any recommended case. The focus of this study is on the potential energy and cost savings, and some proposed solutions may, or may not, be acceptable due to lack of illuminance uniformity.

An Evaluation of Energy Storage Options for Nuclear Power

Energy Technology Data Exchange (ETDEWEB)

Coleman, Justin L. [Idaho National Lab. (INL), Idaho Falls, ID (United States); Bragg-Sitton, Shannon M. [Idaho National Lab. (INL), Idaho Falls, ID (United States); Dufek, Eric J. [Idaho National Lab. (INL), Idaho Falls, ID (United States)

2017-06-01

examination of energy storage options that could be integrated with nuclear generation. Figure 1 provides an overview of the 2015 energy mix by sector, which shows that NPPs are currently used exclusively for electricity generation that is ultimately consumed in the residential, commercial, and industrial sectors. Some areas for NPP energy growth in the future include power generation for electrified transportation and thermal generation for storage and industrial applications. Currently, most industrial thermal energy users combust fossil resources (i.e., coal or natural gas) to meet the energy needs of the processes, but heat from nuclear operations could also be used in certain specific applications.

An Evaluation of Energy Storage Options for Nuclear Power

International Nuclear Information System (INIS)

Coleman, Justin L.; Bragg-Sitton, Shannon M.; Dufek, Eric J.

2017-01-01

examination of energy storage options that could be integrated with nuclear generation. Figure 1 provides an overview of the 2015 energy mix by sector, which shows that NPPs are currently used exclusively for electricity generation that is ultimately consumed in the residential, commercial, and industrial sectors. Some areas for NPP energy growth in the future include power generation for electrified transportation and thermal generation for storage and industrial applications. Currently, most industrial thermal energy users combust fossil resources (i.e., coal or natural gas) to meet the energy needs of the processes, but heat from nuclear operations could also be used in certain specific applications.

Elk Valley Rancheria Energy Efficiency and Alternatives Analysis

Energy Technology Data Exchange (ETDEWEB)

Ed Wait, Elk Valley Rancheria; Frank Ziano & Associates, Inc.

2011-11-30

Elk Valley Rancheria; Tribe; renewable energy; energy options analysis. The Elk Valley Rancheria, California ('Tribe') is a federally recognized Indian tribe located in Del Norte County, California, in the northwestern corner of California. The Tribe, its members and Tribal enterprises are challenged by increasing energy costs and undeveloped local energy resources. The Tribe currently lacks an energy program. The Tribal government lacked sufficient information to make informed decisions about potential renewable energy resources, energy alternatives and other energy management issues. To meet this challenge efficiently, the Tribe contracted with Frank Zaino and Associates, Inc. to help become more energy self-sufficient, by reducing their energy costs and promoting energy alternatives that stimulate economic development. Frank Zaino & Associates, Inc. provided a high level economic screening analysis based on anticipated electric and natural gas rates. This was in an effort to determine which alternative energy system will performed at a higher level so the Tribe could reduce their energy model by 30% from alternative fuel sources. The feasibility study will identify suitable energy alternatives and conservation methods that will benefit the Tribe and tribal community through important reductions in cost. The lessons learned from these conservation efforts will yield knowledge that will serve a wider goal of executing energy efficiency measures and practices in Tribal residences and business facilities. Pacific Power is the provider of electrical power to the four properties under review at $ 0.08 per Kilowatt-hour (KWH). This is a very low energy cost compared to alternative energy sources. The Tribe used baseline audits to assess current and historic energy usage at four Rancheria owned facilities. Past electric and gas billing statements were retained for review for the four buildings that will be audited. A comparative assessment of the various

Effects of SO2 emission regulations and fuel prices on levellized energy costs for industrial steam generation options

International Nuclear Information System (INIS)

Ozdogan, Sibel; Arikol, Mahir

1992-01-01

We discuss the impacts of SO 2 emission regulations and fuel prices on levellized energy costs of industrial steam generation options. A computer model called INDUSTEAM has been utilized. The steam-supply options comprise conventional grate-firing, bubbling and circulating fluidized beds, fuel-oil, and natural-gas-fired systems. Fuels of different SO 2 pollution potential have been evaluated assuming six environmental scenarios and varying fuel prices. A capacity range of 10-90 MW th is covered. (author)

Energy options for Africa

Energy Technology Data Exchange (ETDEWEB)

Karekezi, S. (ed.) (Botswana Univ., Gaborone (Botswana). African Energy Policy Research Network Foundation for Woodstove Dissemination, Nairobi (Kenya)); Mackenzie, G.A. (ed.) (United Nations Environment Programme, Roskilde (Denmark). Collaborating Centre on Energy and Environment)

1993-01-01

While unsustainable energy generation and consumption have always been considered to be key causes of the degradation of the earth's environment, it was often assumed that in the case of Africa, its very low consumption of modern fuels would result in limited energy-related ecological problems. As demonstrated by the country cases contained in this volume, although energy-related environmental problems that afflict the continent are different from those faced in more developed parts of the world, their negative impact on the African populace is equally worrisome. The biomass sector in Africa presents a bewildering array of challenges, opportunities and constraints to the African energy policy maker. The continent is endowed with a rich source of biomass energy in the form of forests, woodlands, grasslands, agricultural residues and urban waste. Most of this abundant biomass energy resource base is either unexploited or utilized in an inefficient manner. (Author)

Design options analysis for a zero energy block of flats in Athens, Greece

Science.gov (United States)

Soulti, Eleni

Human activities and to a smaller degree other reasons have led to climate change. This is evident in meteorological phenomena and natural procedures which are constantly subject to modifications. Recent studies prove that a great percentage of the CO2 emissions, which are partly responsible for the climate change, are produced by buildings. In fact, a big part of them belongs to the residential sector. Countries like UK are quite aware of this problem, its causes, its consequences, as well as of some remedies that can at least limit the damage. Therefore, they develop the appropriate legislation, in an effort to decrease the problems and limit its causes. Greece, on the other hand, has been quite ineffective until now. Hopefully the new legislation will constrain the causes of the problem, in all sectors, including the building domain. This study involves designing a zero energy block of flats in Athens, with climatic data and environmental parameters taken into consideration from the initial steps of the design procedure. Appropriate software has been used in order to observe the improvement of thermal comfort conditions by changing the building design and using various strategies for passive cooling and heating. The predicted consumption of electricity, heating and cooling loads have been calculated and renewable sources of energy have been used in order to meet those needs. The economical analysis demonstrated that this type of building, is not only energy efficient and thermally comfortable for its occupants, but also economically profitable, especially with regard to the benefit of the occupants and the environment. In fact, it is only 11.2% more expensive to construct such a building, while its energy performance reduces the amount of CO2 emissions. The aim is to widely implement this type of buildings, which can have a significant effect on environmental, economical and social development related issues.

Options for shallow geothermal energy for horticulture; Kansen voor Ondiepe Geothermie voor de glastuinbouw

Energy Technology Data Exchange (ETDEWEB)

Hellebrand, K. [IF-Technology, Arnhem (Netherlands); Post, R.J. [DLV glas en energie, Naaldwijk (Netherlands); In ' t Groen, B. [KEMA, Arnhem (Netherlands)

2012-06-15

Geothermal energy is too expensive to serve as energy supply for most horticultural entrepreneurs. Therefore, research has been carried out into options to use heat from more shallow layers (shallow geothermal energy). Unlike shallow geothermal energy deep geothermal energy can be applied on a smaller scale, possibly also for individual growers. It can be applied in combination with an existing heating system, but with a more sustainable outcome. Because drilling is done in shallow layers, drilling costs and financial risks are lower [Dutch] Geothermie is voor de meeste tuinbouwondernemers teduur om als energievoorziening te dienen. Daarom is onderzoek gedaan naar mogelijkheden om warmte te gebruiken uit ondiepere lagen (ondiepe geothermie). In tegenstelling tot diepe geothermie is ondiepe geothermie op kleinere schaal toepasbaar, mogelijk ook voor individuele kwekers. Het kan in combinatie met de bestaande verwarmingsinstallatie worden ingezet maar met een duurzamer resultaat. Omdat ondieper wordt geboord zijn de boorkosten en de financiele risico's lager.

Analysis of technological options for electric energy generation from urban solid wastes; Analise de opcoes tecnologicas para geracao de energia eletrica a partir de residuos solidos urbanos

Energy Technology Data Exchange (ETDEWEB)

Furtado, J.G. de M.; Serra, E.T. [Centro de Pesquisas de Energia Eletrica (CEPEL), Rio de Janeiro, RJ (Brazil)], Emails: furtado@cepel.br, etserra@cepel.br

2010-07-01

This paper evaluates technologically of the options existents for generation of electric power from the urban solid wastes (USW), based on application of factoring method for estimation of investments based on basic description of the plant, it main equipment and technological complexity, viewing to contribute for determination of better technical and economical form, and the energy using. The results of the effectuated analyses indicates that the most technological complexity of the gasification and thermal plasma, and be encountered on non commercial in great scale as well, make the the option present the greatest index of investment and relative cost, determining the greatest costs of electric power generated through this process.

System analysis of energy utilization from waste - evaluation of energy, environment and economy. Case study - Stockholm

International Nuclear Information System (INIS)

Sundqvist, Jan-Olov; Granath, Jessica; Frostell, Bjoern; Bjoerklund, Anna; Eriksson, Ola; Carlsson, Marcus

1999-12-01

Energy, environmental, and economic consequences of different management systems for municipal solid waste have been studied in a systems analysis. In the systems analysis, different combinations of incineration, materials recycling of separated plastic and cardboard containers, and biological treatment (anaerobic digestion) of easily degradable organic waste, were studied and also compared to landfilling. In the study a computer model (ORWARE) based on LCA methodology was used. The following parameters were used for evaluating the different waste management options: consumption of energy resources, global warming potential, acidification, eutrophication, photo oxidant formation, heavy metal flows, financial economy and welfare economy, where welfare economy is the sum of financial economy and environmental economy. The study shows that reduced landfilling to the benefit of an increased use of energy and material from the waste is positive, from an environmental and energy as well as economic aspect. This is mainly due to the fact that the choice of waste management method affects processes outside the waste management system, such as production of district heating, electricity, vehicle fuel, plastic, cardboard, and fertiliser. This means that landfilling of energy-rich waste should be avoided as far as possible, both because of the the environmental impact, and because of the low recovery of resources. Incineration should constitute a basis in the waste management system of Stockholm. Once the waste is collected, longer regional transports are of little significance, as long as the transports are carried out in an efficient manner. Comparing materials recycling and incineration, and biological treatment and incineration, no unambiguous conclusions can be drawn. There are benefits and drawbacks associated with all these waste management options. Materials recycling of plastic containers is comparable to incineration from a welfare economic aspect, but gives less

Energy options in France

International Nuclear Information System (INIS)

Carle, R.

1980-01-01

The rapid rise of oil price and the future shortage of oil are the problems, to which those in charge of energy must face. The method of maintaining and increasing energy consumption without destroying financial balance must be found. As the common points in Japan and France, domestic energy resources are scarce, coal reserves are small and the cost is high, the room for expanding water power generation hardly remains, and the atomic energy projects of large scale seem to be the only solution, but actually, they encountered many difficulties. In France, Energy Conservation Agency was established in 1974. The energy consumption per man was 4500 kWh in 1979, and it is not high level, accordingly it is difficult to reduce the present consumption further. The growth of electricity consumption in 1979 slowed down remarkably. The present crisis is oil crisis instead of energy crisis. Therefore electric power is the most suitable medium to get rid of the bondage of oil. The breakdown of heat production is as follows: coal 41%, oil 32%, gas 4%, and uranium 23%. Since 1976, 15 power plants of 3.5 million kW were converted to coal burning, but more staffs are required for the operation and maintenance. Water power generation is valuable to supplement nuclear power generation which lacks flexibility. As the nucleus of energy projects in France, PWR development project is in progress. Six 900 MW PWR plants are in operation. (Kako, I.)

Developing a made-in-Canada climate change option

International Nuclear Information System (INIS)

Lakeman, B.

2002-01-01

A federal paper on Kyoto options served as a basis for this presentation. The author outlines the Alberta perspective on the federal options paper: (1) Alberta is impacted inequitably under all scenarios, (2) incomplete analysis, (3) export of Canadian capital, (4) open-ended liability, and (5) options need to reflect principles developed by Premiers and conveyed to Prime Minister in February. The principles for climate change action are: shared understanding of range of real costs, informed consultation, avoid competitive disadvantage, collaboration at all levels of government, no unreasonable share of the burden, encourage the use of new technology, Canadians need to be part of climate change solution, and focus on energy conservation and efficiency. The Alberta plan of action calls for a longer time frame and consultation with Albertans. With the topic of greenhouse gases (GHG), government leadership is required in the following areas: mandatory GHG reporting program, facilitate and negotiate agreements with key sectors, develop approach to emissions trading, and continue to pursue reductions in government operations. Some of the key initiatives include technology and innovation through the Alberta Energy Research Institute (AERI), build critical mass through partnerships, focus on clean hydrocarbon development and the transition to the hydrogen economy, carbon dioxide capture and storage, aggressive energy conservation, agricultural and forestry sinks, and adaptation. The consultation strategy is described. figs

Multifractal analysis of implied volatility in index options

Science.gov (United States)

Oh, GabJin

2014-06-01

In this paper, we analyze the statistical and the non-linear properties of the log-variations in implied volatility for the CAC40, DAX and S& P500 daily index options. The price of an index option is generally represented by its implied volatility surface, including its smile and skew properties. We utilize a Lévy process model as the underlying asset to deepen our understanding of the intrinsic property of the implied volatility in the index options and estimate the implied volatility surface. We find that the options pricing models with the exponential Lévy model can reproduce the smile or sneer features of the implied volatility that are observed in real options markets. We study the variation in the implied volatility for at-the-money index call and put options, and we find that the distribution function follows a power-law distribution with an exponent of 3.5 ≤ γ ≤ 4.5. Especially, the variation in the implied volatility exhibits multifractal spectral characteristics, and the global financial crisis has influenced the complexity of the option markets.

System analysis of energy utilization from waste - evaluation of energy, environment and economy. Summary report

International Nuclear Information System (INIS)

Sundqvist, Jan-Olov; Granath, Jessica; Frostell, Bjoern; Bjoerklund, Anna; Eriksson, Ola; Carlsson, Marcus

1999-12-01

Energy, environmental, and economic consequences of different management systems for municipal solid waste have been studied in a systems analysis. In the systems analysis, different combinations of incineration, materials recycling of separated plastic and cardboard containers, and biological treatment (anaerobic digestion and composting) of easily degradable organic waste, were studied and also compared to landfilling. In the study a computer model (ORWARE) based on LCA methodology was used. Case studies were performed for three different municipalities: Uppsala, Stockholm, and Aelvdalen. The following parameters were used for evaluating the different waste management options: consumption of energy resources, global warming potential, acidification, eutrophication, photo oxidant formation, heavy metal flows, financial economy and welfare economy, where welfare economy is the sum of financial economy and environmental economy. The study shows that reduced landfilling to the benefit of an increased use of energy and material from waste is positive from an environmental and energy as well as economic aspect. This is mainly due to the fact that the choice of waste management method affects processes outside the waste management system, such as production of district heating, electricity, vehicle fuel, plastic, cardboard, and fertiliser. This means that landfilling of energy-rich waste should be avoided as far as possible, both because of the the environmental impact, and because of the low recovery of resources. Incineration should constitute a basis in the waste management systems of the three municipalities studied, even if the waste has to be transported to a regional facility. Once the waste is collected, longer regional transports are of little significance, as long as the transports are carried out in an efficient manner. Comparing materials recycling and incineration, and biological treatment and incineration, no unambiguous conclusions can be drawn. There are

Low-Carbon Warehousing: Examining Impacts of Building and Intra-Logistics Design Options on Energy Demand and the CO2 Emissions of Logistics Centers

Directory of Open Access Journals (Sweden)

Julia Freis

2016-05-01

Full Text Available Logistics centers contribute to CO2 emissions in the building and logistics sector and therefore share a responsibility to decarbonize not only the supply chain. Synergy effects in both building and intra-logistics should be considered as suitable levers to lower energy demand and related CO2 emissions. This research develops firs t with a systemic approach an integrated analytical model for energy calculation and reference building models for different types of logistics centers to provide basic knowledge and a methodological framework for planners and managers to aid in the selection of different intra-logistics and building design options for optimum energy efficiency. It then determines the energy demand in reference building models and performs parameter studies to examine interrelations and impacts of design options for intra-logistics, building technology, and building skin on energy demand. It combines these to optimized reference building models to show the extent to which energy and CO2 emission savings can be reached. The results show that it is possible to significantly lower CO2 emissions. However, there are clear differences between the different types of logistics centers and the impacts of different design options.

Extended risk and benefit evaluation of energy systems for policy analysis

International Nuclear Information System (INIS)

Kotte, E.U.

1984-01-01

The social compatibility of future energy scenarios is analysed in order to improve the political decision making. Social compatibility analysis is a form of technology assessment focusing on societal and social issues. The value tree analysis method is applied to collect and structure the values and concerns of important societal groups. Nine relevant groups and organizations in the society of the Federal Republic of Germany are included in the study. A combined value tree is formed by integration of the individual value trees. The overall value tree is transformed into an operational and systematic catalogue of criteria. Measurement instructions and scales are introduced as indicators for the extended risk and benefit evaluation of energy systems. The assessment of specified future energy options is performed by selected scientific experts. The results can improve the political decision-making process with respect to societal needs and desires. (author)

Regional analysis of residential water heating options: energy use and economics

Energy Technology Data Exchange (ETDEWEB)

O' Neal, D.; Carney, J.; Hirst, E.

1978-10-01

This report evaluates the energy and direct economic effects of introducing improved electric-water-heating systems to the residential market. These systems are: electric heat pumps offered in 1981, solar systems offered in 1977, and solar systems offered in 1977 with a Federal tax credit in effect from 1977 through 1984. The ORNL residential energy model is used to calculate energy savings by type of fuel for each system in each of the ten Federal regions and for the nation as a whole for each year between 1977 and 2000. Changes in annual fuel bills and capital costs for water heaters are also computed at the same level of detail. Model results suggest that heat-pump water heaters are likely to offer much larger energy and economic benefits than will solar systems, even with tax credits. This is because heat pumps provide about the same savings in electricity for water heating (about half) at a much lower capital cost ($700 to $2000) than do solar systems. However, these results are based on highly uncertain estimates of future performance and cost characteristics for both heat pump and solar systems. The cumulative national energy saving by the year 2000 due to commercialization of heat-pump water heaters in 1981 is estimated to be 1.5 QBtu. Solar-energy benefits are about half this much without tax credits and two-thirds as much with tax credits. The net economic benefit to households of heat-pump water heaters (present worth of fuel bill reductions less the present worth of extra costs for more-efficient systems) is estimated to be $640 million. Again, the solar benefits are much less.

Berg River Textiles - Cleaner Production Option Report

DEFF Research Database (Denmark)

Wenzel, Henrik; Schneider, Zsig

schematics on the various wet treatment operations in the dyehouse, and water and energy balances were made to the extent data allowed. A number of options for saving water, energy and chemicals were identified. The potentials monetary savings and necessary investments were estimated, and a list of priority...... projects including milestone plans for their implementation was made. A saving potential of around 3 mill. R was identified with a pay-back period of around 0.2 years as average of the identified options. The company implemented a large number of the options right away....

Construction strategies and lifetime uncertainties for nuclear projects: A real option analysis

International Nuclear Information System (INIS)

Jain, Shashi; Roelofs, Ferry; Oosterlee, Cornelis W.

2013-01-01

Highlights: • Real options can be used to value flexibility of modular reactors. • Value of NPPs increases with implementation of long term cost reductions. • Levels of uncertainties affect the choice between projects. -- Abstract: Small and medium sized reactors, SMRs (according to IAEA, ‘small’ are reactors with power less than 300 MWe, and ‘medium’ with power less than 700 MWe) are considered as an attractive option for investment in nuclear power plants. SMRs may benefit from flexibility of investment, reduced upfront expenditure, and easy integration with small sized grids. Large reactors on the other hand have been an attractive option due to economy of scale. In this paper we focus on the advantages of flexibility due to modular construction of SMRs. Using real option analysis (ROA) we help a utility determine the value of sequential modular SMRs. Numerical results under different considerations, like possibility of rare events, learning, uncertain lifetimes are reported for a single large unit and modular SMRs

Construction strategies and lifetime uncertainties for nuclear projects: A real option analysis

Energy Technology Data Exchange (ETDEWEB)

Jain, Shashi, E-mail: s.jain@cwi.nl [TU Delft, Delft Institute of Applied Mathematics, Delft (Netherlands); Nuclear Research Group, Petten (Netherlands); Roelofs, Ferry, E-mail: roelofs@nrg.eu [Nuclear Research Group, Petten (Netherlands); Oosterlee, Cornelis W., E-mail: c.w.oosterlee@cwi.nl [CWI – Centrum Wiskunde and Informatica, Amsterdam (Netherlands); TU Delft, Delft Institute of Applied Mathematics, Delft (Netherlands)

2013-12-15

Highlights: • Real options can be used to value flexibility of modular reactors. • Value of NPPs increases with implementation of long term cost reductions. • Levels of uncertainties affect the choice between projects. -- Abstract: Small and medium sized reactors, SMRs (according to IAEA, ‘small’ are reactors with power less than 300 MWe, and ‘medium’ with power less than 700 MWe) are considered as an attractive option for investment in nuclear power plants. SMRs may benefit from flexibility of investment, reduced upfront expenditure, and easy integration with small sized grids. Large reactors on the other hand have been an attractive option due to economy of scale. In this paper we focus on the advantages of flexibility due to modular construction of SMRs. Using real option analysis (ROA) we help a utility determine the value of sequential modular SMRs. Numerical results under different considerations, like possibility of rare events, learning, uncertain lifetimes are reported for a single large unit and modular SMRs.

Macro-economic analysis of forestry options on carbon sequestration in India

International Nuclear Information System (INIS)

Kadekodi, Gopal K.; Ravindranath, N.H.

1997-01-01

There is a need to evaluate the additional spending on forestry by analysing the environmental (particularly carbon abatement), social and economic benefits. The biomass needs for India are expected to increase by two to three times by 2020. Depending upon the forest types, ownership patterns and land use patterns, feasible forestry options are identified. It is found among many supply options to be feasible to meet the 'demand based needs' with a mix of management options, species choices and organisational set up. A comparative static framework is used to analyze the macro-economic impacts. Forestry accounts for 1.84% of GNP in India. It is characterized by significant forward industrial linkages and least backward linkage. Forestry generates about 36 million person years of employment annually. India imports Rs. 15 billion worth of forest based materials annually. Implementation of the demand based forestry options can lead to a number of ecological, economic and institutional changes. The notable ones are: enhancement of C stock from 9578 to 17094 Mt and a net annual C-sequestration from 73 to 149 Mt after accounting for all emissions; a trebling of the output of forestry sector from Rs. 49 billion to Rs. 146 billion annually; an increase in GDP contribution of forestry from Rs. 32 billion to Rs. 105 billion over a period of 35 years; an increase in annual employment level by 23 million person years; emergence of forestry as a net contributor of foreign exchange through trading of forestry products; and an increase in economic value of forest capital stock by Rs. 7260 billion with a cost benefit analysis showing forestry as a profitable option. Implementation of forestry options calls for an understanding of current forest policies and barriers which are analyzed and a number of policy options are suggested

Cost-benefit analysis of multi-regional nuclear energy systems deployment

International Nuclear Information System (INIS)

Van Den Durpel, L.G.G.; Wade, D.C.; Yacout, A.M.

2007-01-01

The paper describes the preliminary results of a cost/benefit-analysis of multi-regional nuclear energy system approaches with a focus on how multi-regional approaches may benefit a growing nuclear energy system in various world regions also being able to limit, or even reduce, the costs associated with the nuclear fuel cycle and facilitating the introduction of nuclear energy in various regions in the world. The paper highlights the trade-off one might envisage in deploying such multi-regional approaches but also the pay backs possible and concludes on the economical benefits one may associate to regional fuel cycle centres serving a world-fleet of STAR (small fast reactors of long refueling interval) where these STARs may be competitive compared to the LWRs (Light Water Reactors) as a base-case nuclear reactor option. (authors)

A real option-based model to valuate CDM projects under uncertain energy policies for emission trading

International Nuclear Information System (INIS)

Park, Taeil; Kim, Changyoon; Kim, Hyoungkwan

2014-01-01

Highlights: • A real option-based model for the valuation of CDM projects is proposed. • This study investigates the impact of energy policies on the value of CDM projects. • Level of target emission and its schedule should be carefully designed. • Government subsidy facilitates the implementation of CDM projects. • Period for free emission allowance prevents promoting CDM projects. - Abstract: Emission trading has been considered a primary policy tool for emission reduction. Governments establish national targets for emission reduction and assign emission reduction goals to private entities to accomplish the targets. To attain the goal, private entities should perform offset projects that can produce emission credits or buy emission credits from the market. However, it is not easy for private entities to decide to implement the projects because energy policies associated with emission trading keep changing; thus, the future benefits of the offset projects are quite uncertain. This study presents a real option-based model to investigate how uncertain energy policies affect the financial viability of an offset project. A case study showed that the establishment of a target emission was attractive to the government because it could make the CDM project financially viable with a small amount of government subsidy. In addition, the level of the government subsidy could determine the investment timing for the CDM project. In this context, governments should be cautious in designing energy policies, because even the same energy policies could have different impacts on private entities. Overall, this study is expected to assist private entities in establishing proper investment strategies for CDM projects under uncertain energy policies

Assessment of industrial energy options based on coal and nuclear systems

International Nuclear Information System (INIS)

Anderson, T.D.; Bowers, H.I.; Bryan, R.H.; Delene, J.G.; Hise, E.C.; Jones, J.E. Jr.; Klepper, O.H.; Reed, S.A.; Spiewak, I.

1975-07-01

Industry consumes about 40 percent of the total primary energy used in the United States. Natural gas and oil, the major industrial fuels, are becoming scarce and expensive; therefore, there is a critical national need to develop alternative sources of industrial energy based on the more plentiful domestic fuels--coal and nuclear. This report gives the results of a comparative assessment of nuclear- and coal-based industrial energy systems which includes technical, environmental, economic, and resource aspects of industrial energy supply. The nuclear options examined were large commercial nuclear power plants (light-water reactors or high-temperature gas-cooled reactors) and a small [approximately 300-MW(t)] special-purpose pressurized-water reactor for industrial applications. Coal-based systems selected for study were those that appear capable of meeting environmental standards, especially with respect to sulfur dioxide; these are (1) conventional firing using either low- or high-sulfur coal with stack-gas scrubbing equipment, (2) fluidized-bed combustion using high-sulfur coal, (3) low- and intermediate-Btu gas, (4) high-Btu pipeline-quality gas, (5) solvent-refined coal, (6) liquid boiler fuels, and (7) methanol from coal. Results of the study indicated that both nuclear and coal fuel can alleviate the industrial energy deficit resulting from the decline in availability of natural gas and oil. However, because of its broader range of application and relative ease of implementation, coal is expected to be the more important substitute industrial fuel over the next 15 years. In the longer term, nuclear fuels could assume a major role for supplying industrial steam. (U.S.)

Modeling technical change in energy system analysis: analyzing the introduction of learning-by-doing in bottom-up energy models

International Nuclear Information System (INIS)

Berglund, Christer; Soederholm, Patrik

2006-01-01

The main objective of this paper is to provide an overview and a critical analysis of the recent literature on incorporating induced technical change in energy systems models. Special emphasis is put on surveying recent studies aimed at integrating learning-by-doing into bottom-up energy systems models through so-called learning curves, and on analyzing the relevance of learning curve analysis for understanding the process of innovation and technology diffusion in the energy sector. The survey indicates that this model work represents a major advance in energy research, and embeds important policy implications, not the least concerning the cost and the timing of environmental policies (including carbon emission constraints). However, bottom-up energy models with endogenous learning are also limited in their characterization of technology diffusion and innovation. While they provide a detailed account of technical options-which is absent in many top-down models-they also lack important aspects of diffusion behavior that are captured in top-down representations. For instance, they often fail in capturing strategic technology diffusion behavior in the energy sector as well as the energy sector's endogenous responses to policy, and they neglect important general equilibrium impacts (such as the opportunity cost of redirecting R and D support to the energy sector). Some suggestions on how innovation and diffusion modeling in bottom-up analysis can be improved are put forward

Real Option Cost Vulnerability Analysis of Electrical Infrastructure

Science.gov (United States)

Prime, Thomas; Knight, Phil

2015-04-01

means that a real option can be deferred or exercised depending on the climate future that has been realised. The real option value is defined as the maximum positive NPV value that is found across the range of potential SLR "futures". Real Options add value in that flood defences may not be built when there is real value in doing so. The cost modelling output is in the form of an accessible database that has detailed real option values varying spatially across the model domain (for each critical infrastructure) and temporally up to 2100. The analysis has shown that in 2100, 8.2% of the substations analysed have a greater than a 1 in 2 chance of exercising the real option to build flood defences against coastal flooding. The cost modelling tool and flood maps that have been developed will help stakeholders in deciding where and when to invest in mitigating against coastal flooding.

Life Cycle Multi-Criteria Analysis Of Alternative Energy Supply Systems For A Residential Building

Directory of Open Access Journals (Sweden)

Artur Rogoža

2013-12-01

Full Text Available The article analyses energy supply alternatives for a partially renovated residential building. In addition to the existing district heating (base case alternative systems, gas boilers, heat pumps (air-water and ground-water, solar collectors, solar cells, and combinations of these systems have been examined. Actual heat consumption of the building and electricity demand determined by the statistical method are used for simulating the systems. The process of simulation is performed using EnergyPro software. In order to select an optimal energy supply option, the life cycle analysis of all systems has been carried out throughout a life span of the building, and the estimated results of energy, environmental and economic evaluation have been converted into non-dimensional variables (3E using multi–criteria analysis.Article in Lithuanian

Solar PV leasing in Singapore: enhancing return on investments with options

Science.gov (United States)

Song, Shuang; Poh, K. L.

2017-05-01

Renewable energy is getting more important nowadays as an alternative to traditional energies. Solar energy, according to Energy Market Authority, is the most viable in the context of Singapore compared to other renewable energy sources due to land constraints. In light of the increasing adoption of solar power in Singapore, this paper focuses on solar PV leasing using a case study. This paper assesses the prospect for solar PV leasing companies in Singapore through the lens of embedded real options. The recent news that solar power is becoming the cheapest form of new electricity presents the leasing company an option to expand the scale of solar PV system. Taking into account this option, the Net Present Value (NPV) of the investment increased significantly compared to the case without real options. Technological developments result in a continuously changing environment with uncertainties. Thus, decision makers need to be aware of the inherent risk associated and identify options to maximize NPV. This upside potential is realized by exercising the managerial flexibility and exploiting the uncertainty. The paper enables solar energy planners to consider possible managerial flexibilities under uncertainties, showing how option thinking can be incorporated in the valuation of solar energy.

Sustainability index approach as a selection criteria for energy storage system of an intermittent renewable energy source

International Nuclear Information System (INIS)

Raza, Syed Shabbar; Janajreh, Isam; Ghenai, Chaouki

2014-01-01

Highlights: • Three renewable energy storage options considered: lead acid and lithium polymer batteries and fuel cell. • Hydrogen fuel cell system is the most feasible energy storage option for the long term energy storage. • Sustainability index approach is a novel method used to quantify the qualitative properties of the system. - Abstract: The sustainability index is an adaptive, multicriteria and novel technique that is used to compare different energy storage systems for their sustainability. This innovative concept utilizes both qualitative and quantitative results to measure sustainability through an index based approach. This report aims to compare three different energy storage options for an intermittent renewable energy source. The three energy storage options are lead acid batteries, lithium polymer batteries and fuel cell systems, that are selected due to their availability and the geographical constrain of using other energy storage options. The renewable energy source used is solar photovoltaic (PV). Several technical, economic and environmental factors have been discussed elaborately which would help us to evaluate the merits of the energy storage system for long term storage. Finally, a novel sustainability index has been proposed which quantifies the qualitative and quantitative aspects of the factors discussed, and thus helps us choose the ideal energy storage system for our scenario. A weighted sum approach is used to quantify each factor according to their importance. After a detailed analysis of the three energy storage systems through the sustainability index approach, the most feasible energy storage option was found to be fuel cell systems which can provide a long term energy storage option and also environmental friendly

National Option of China's Nuclear Energy Systems for Spent Fuel Management

Energy Technology Data Exchange (ETDEWEB)

Gao, R.X. [University of Science and Technology, Daejeon (Korea, Republic of); Ko, W. I.; Lee, S. H. [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

2015-10-15

Along with safety concerns, these long standing environmental challenges are the major factors influencing the public acceptance of nuclear power. Although nuclear power plays an important role in reducing carbon emissions from energy generation, this could not fully prove it as a sustainable energy source unless we find a consensus approach to treat the nuclear wastes. There are currently no countries that have completed a whole nuclear fuel cycle, and the relative comparison of the reprocessing spent fuel options versus direct disposal option is always a controversial issue. Without exception, nowadays, China is implementing many R and D projects on spent fuel management to find a long-term solution for nuclear fuel cycle system transition, such as deep geological repositories for High Level Waste (HLW), Pu Reduction by Solvent Extraction (PUREX) technology, and fast reactor recycling Mixed U-Pu Oxide (MOX) fuels, etc. This paper integrates the current nation's projects of back-end fuel cycle, analyzes the consequences of potential successes, failures and delays in the project development to future nuclear fuel cycle transition up to 2100. We compared the dynamic results of four scenarios and then assessed relative impact on spent fuel management. The result revealed that the fuel cycle transition of reprocessing and recycling of spent fuel would bring advantages to overall nuclear systems by reducing high level waste inventory, saving natural uranium resources, and reducing plutonium management risk.

Young people's awareness of energy problems - a contents analysis of students' essays

International Nuclear Information System (INIS)

Peters, H.P.

1984-03-01

A content analysis of 79 essays on energy topics written by students of 16 to 19 years was conducted to describe the representation of the energy problem in the mind of young people. Although energy conservation is highly appreciated most students associate the solution of the energy problem with an increase of the energy supply. On the long run they expect nuclear fusion and solar energy to be the most important energy sources. Fossile energies are discredited because of the limited ressources and environmental pollution. Even those students who accept the use of nuclear energy have an ambitious point of view because of the possible catastrophical consequences of nuclear accidents and the nuclear waste problem. Therefore they forecast the use of nuclear energy for only a limited time - until other technological options are developed. At last students have - regardless whether they are pro or contra nuclear energy - high expectations in technological progress. (orig.) [de

System analysis of energy utilization from waste - evaluation of energy, environment and economy. Case study - Uppsala

International Nuclear Information System (INIS)

Sundqvist, Jan-Olov; Granath, Jessica; Frostell, Bjoern; Bjoerklund, Anna; Eriksson, Ola; Carlsson, Marcus

1999-12-01

Energy, environmental, and economic consequences of different management systems for municipal solid waste have been studied in a systems analysis. In the systems analysis, different combinations of incineration, materials recycling of separated plastic and cardboard containers, and biological treatment (anaerobic digestion and composting) of easily degradable organic waste, were studied and also compared to landfilling. In the study a computer model (ORWARE) based on LCA methodology was used. The following parameters were used for evaluating the different waste management options: consumption of energy resources, global warming potential, acidification, eutrophication, photo oxidant formation, heavy metal flows, financial economy and welfare economy, where welfare economy is the sum of financial economy and environmental economy. The study shows that reduced landfilling to the benefit of an increased use of energy and material from waste is positive from an environmental and energy as well as economic aspect. This is mainly due to the fact that the choice of waste management method affects processes outside the waste management system, such as production of district heating, electricity, vehicle fuel, plastic, cardboard, and fertiliser. This means that landfilling of energy-rich waste should be avoided as far as possible, both because of the the environmental impact, and because of the low recovery of resources. Incineration should constitute a basis in the waste management system of Uppsala. Once the waste is collected, longer regional transports are of little significance, as long as the transports are carried out in an efficient manner. Comparing materials recycling and incineration, and biological treatment and incineration, no unambiguous conclusions can be drawn. There are benefits and drawbacks associated with all these waste management options. Materials recycling of plastic containers is comparable to incineration from a welfare economic aspect, but gives

Real options valuation and optimization of energy assets

Science.gov (United States)

Thompson, Matthew

In this thesis we present algorithms for the valuation and optimal operation of natural gas storage facilities, hydro-electric power plants and thermal power generators in competitive markets. Real options theory is used to derive nonlinear partial-integro-differential equations (PIDEs) for the valuation and optimal operating strategies of all types of facilities. The equations are designed to incorporate a wide class of spot price models that can exhibit the same time-dependent, mean-reverting dynamics and price spikes as those observed in most energy markets. Particular attention is paid to the operational characteristics of real energy assets. For natural gas storage facilities these characteristics include: working gas capacities, variable deliverability and injection rates and cycling limitations. For thermal power plants relevant operational characteristics include variable start-up times and costs, control response time lags, minimum generating levels, nonlinear output functions, structural limitations on ramp rates, and minimum up/down time restrictions. For hydro-electric units, head effects and environmental constraints are addressed. We illustrate the models with numerical examples of a gas storage facility, a hydro-electric pump storage facility and a thermal power plant. This PIDE framework is the first in the literature to achieve second order accuracy in characterizing the operating states of hydro-electric and hydro-thermal power plants. The continuous state space representation derived in this thesis can therefore achieve far greater realism in terms of operating state specification than any other method in the literature to date. This thesis is also the first and only to allow for any continuous time jump diffusion processes in order to account for price spikes.

Augustine Band of Cahuilla Indians Energy Conservation and Options Analysis - Final Report

Energy Technology Data Exchange (ETDEWEB)

Paul Turner

2008-07-11

The Augustine Band of Cahuilla Indians was awarded a grant through the Department of Energy First Steps program in June of 2006. The primary purpose of the grant was to enable the Tribe to develop energy conservation policies and a strategy for alternative energy resource development. All of the work contemplated by the grant agreement has been completed and the Tribe has begun implementing the resource development strategy through the construction of a 1.0 MW grid-connected photovoltaic system designed to offset a portion of the energy demand generated by current and projected land uses on the Tribe’s Reservation. Implementation of proposed energy conservation policies will proceed more deliberately as the Tribe acquires economic development experience sufficient to evaluate more systematically the interrelationships between conservation and its economic development goals.

Identification of the real options in a program of nuclear plants

International Nuclear Information System (INIS)

Camacho G, D.; Diaz N, M. J.; Reinking C, A.

2008-01-01

The development of our societies and our economies this intimately related to electric power and this as well with the generating sources, due to the projection of world-wide growth should go associate with a strategy of growth of energy generation. Considering to the nuclear power as an option to satisfy the energy needs that a country can provide two main immediate benefits: The stabilization of prices of security of provision of electric power of the nation. The care of the environment, since the gas discharges greenhouse are almost null. At the moment nuclear energy represents economically a viable option for the capital investment, taking into account the development from technology, the policies implemented by the state and the prices of other fuels. Due to the great investment that its require for the nuclear plants are necessary to use financial tools that allow to analyze the future scenes in which ours investment can be seen affected and to value the flexibility of being able to enlarge, to postpone or to stop our project in order to have majors profits or to diminish the lost ones. This valuation of the flexibility can be obtained from the called method Real Options. By analysis of Real Options the process is understood to apply to the methodology of the Financial Options to the valuation of projects or the management of real assets. The Real Options appear in flexible plans, projects, activities or enterprise investments, like for example, to leave or to sell the investment project before concluding it, changing to their use or its technology, to prolong their life, the option to choose, one or the other capacity, among others possibilities. In this work is an example of the application of the method of Real Options in the decision to invest or to defer the investment for the construction of a nuclear plant following the behavior of the tariffs in the market or the costs of generation of other technologies with which a nuclear plant competes. (Author)

Direct fission fragment energy converter - Magnetic collimator option

International Nuclear Information System (INIS)

Tsvetkov, P. V.; Hart, R. R.

2006-01-01

The present study was focused on developing a technologically feasible power system that is based on direct fission fragment energy conversion utilizing magnetic collimation. The new concept is an attempt to combine several advantageous design solutions, which have been proposed for application in both fission and fusion reactors, into one innovative system that can offer exceptional energy conversion efficiency. The analysis takes into consideration a wide range of operational aspects including fission fragment escape from the fuel, collimation, collection, criticality, long-term performance, energy conversion efficiency, heat removal, and safety characteristics. Specific characteristics of the individual system components and the entire system are evaluated. Analysis and evaluation of the technological feasibility of the concept were achieved using state-of-the-art computer codes that allowed realistic and consistent modeling. In addition to the extensive computational effort, the scaled prototype experimental proof-of-principle program was conducted to validate basic physics of the concept. The program was focused on electromagnetic components and experimental demonstration of performance. This paper summarizes the final results of the 6-years research program including both computational and experimental efforts. Potential future research and development and anticipated applications are discussed. (authors)

The value of delay in tidal energy development

International Nuclear Information System (INIS)

MacDougall, Shelley L.

2015-01-01

Despite robust research, prototype development and demonstration of in-stream tidal energy devices, progress to the commercialization stage has been slow. Some of this can be attributed to a lack readiness or financing. However, when uncertainty is high, a developer may choose to delay a project until more is known. The option to delay has value for a company. This study applies the real option valuation model to an investment in a 10 MW array of in-stream tidal energy conversion devices at the Fundy Ocean Research Centre for Energy (FORCE) in the Bay of Fundy, Nova Scotia, Canada. The values of investing and the option to delay are calculated. A sensitivity analysis of key drivers and scenarios with various input values to the option model are constructed to observe the impact on the 'invest versus delay' decision. The analysis suggests there is value in owning the option to develop, by leasing a FORCE berth, but waiting while uncertainty is resolved. Implications for policy-setting are discussed. - Highlights: • Analyze an invest-vs-delay decision in tidal energy conversion using real options. • Assess whether conditions are conducive to an economically rational decision to delay. • Identify aspects of the decision that can be influenced by government policy.

Social, economic and environmental assessment of energy and water desalination options for the Brazilian polygon of drought using the IRIS reactor

International Nuclear Information System (INIS)

Baptista Filho, D. P.; Cegalla, M.; Raduan, R. N.; Barroso, A. C. O.; Molnary, L.; Lima, F. R. A.; Lira, C. A. B. O.; Lima, R. C. F.

2004-01-01

The paper discuss a project conceived to perform a social, economic and environmental assessment of the use of IRIS Reactor for electricity generation and water desalination in the most dry region of Brazil, the Polygon of Drought. The project is financed by the Fund of Energy of the Brazilian Council on Research and Development (CNPq) of the Brazilian Ministry of Science and Technology (MCT), and it will be performed by the Federal University of Pernambuco (UFPe) and the Energetic and Nuclear Research Institute (IPEN) of the Brazilian Nuclear Energy Commission (CNEN). The project will provide comparisons between nuclear and gas options. The final objective of the project is to offer effective evaluations considering the total costs (direct and externalisation) of the different energy options and also the social and environmental aspects associated with them.(author)

Nevada Transportation Options Study

International Nuclear Information System (INIS)

P. GEHNER; E.M. WEAVER; L. FOSSUM

2006-01-01

This study performs a cost and schedule analysis of three Nevada Transportation options that support waste receipt at the repository. Based on the U.S. Department of Energy preference for rail transportation in Nevada (given in the Final Environmental Impact Statement), it has been assumed that a branch rail line would be constructed to support waste receipt at the repository. However, due to potential funding constraints, it is uncertain when rail will be available. The three Nevada Transportation options have been developed to meet a varying degree of requirements for transportation and to provide cost variations used in meeting the funding constraints given in the Technical Direction Letter guidelines for this study. The options include combinations of legal-weight truck, heavy-haul truck, and rail. Option 1 uses a branch rail line that would support initial waste receipt at the repository in 2010. Rail transportation would be the primary mode, supplemented by legal weight trucks. This option provides the highest level of confidence in cost and schedule, lowest public visibility, greatest public acceptability, lowest public dose, and is the recommended option for support of waste receipt. The completion of rail by 2010 will require spending approximately $800 million prior to 2010. Option 2 uses a phased rail approach to address a constrained funding scenario. To meet funding constraints, Option 2 uses a phased approach to delay high cost activities (final design and construction) until after initial waste receipt in 2010. By doing this, approximately 95 percent of the cost associated with completion of a branch rail line is deferred until after 2010. To support waste receipt until a branch rail line is constructed in Nevada, additional legal-weight truck shipments and heavy-haul truck shipments (on a limited basis for naval spent nuclear fuel) would be used to meet the same initial waste receipt rates as in Option 1. Use of heavy-haul shipments in the absence

Emergy analysis of the recycling options for construction and demolition waste.

Science.gov (United States)

Yuan, Fang; Shen, Li-yin; Li, Qi-ming

2011-12-01

Construction and demolition (C&D) waste is becoming a major contributor to environmental pollution. In Shanghai, China, the quantity of C&D waste is 2.11E+07 t/yr, which accounts for 45% of the total quantity of solid waste. There has been a growing promotion of recycling C&D waste as an effective way to solve this waste problem. However, the evaluation of the efficiency of recycling C&D waste as a potential source of resources is largely based on traditional economic analysis. The economic analysis emphasizes money instead of the harmony between economic benefit and environmental effects. There is a need for a new strategic approach to investigate the efficiency of recycling C&D waste to achieve the integration between economic, social and environmental effects. Emergy theory can be employed to analyze different recycling options for C&D waste. With reference to the Chinese construction industry, this paper demonstrates that the close-loop recycling option is better than the open-loop recycling option for C&D waste in terms of the integration of social, environmental and sustainable aspects. To evaluate different technology solutions for C&D waste recycling, the emergy theory and method is not limited to a cost-benefit balance but can include economic, social, environmental and sustainable effects. Copyright © 2011 Elsevier Ltd. All rights reserved.

Energy Efficiency Analysis of Discharge Modes of an Adiabatic Compressed Air Energy Storage System

OpenAIRE

Shane D. Inder; Mehrdad Khamooshi

2017-01-01

Efficient energy storage is a crucial factor in facilitating the uptake of renewable energy resources. Among the many options available for energy storage systems required to balance imbalanced supply and demand cycles, compressed air energy storage (CAES) is a proven technology in grid-scale applications. This paper reviews the current state of micro scale CAES technology and describes a micro-scale advanced adiabatic CAES (A-CAES) system, where heat generated during compression is stored fo...

System analysis of energy utilization from waste - evaluation of energy, environment and economy. Case study - Aelvdalen

International Nuclear Information System (INIS)

Sundqvist, Jan-Olov; Granath, Jessica; Frostell, Bjoern; Bjoerklund, Anna; Eriksson, Ola; Carlsson, Marcus

1999-12-01

Energy, environmental, and economic consequences of different management systems for municipal solid waste have been studied in a systems analysis. In the systems analysis, different combinations of incineration, materials recycling of separated plastic and cardboard containers, and biological treatment (anaerobic digestion and composting) of easily degradable organic waste, were studied and also compared to landfilling. In the study a computer model (ORWARE) based on LCA methodology was used. The following parameters were used for evaluating the different waste management options: consumption of energy resources, global warming potential, acidification, eutrophication, photo oxidant formation, heavy metal flows, financial economy and welfare economy, where welfare economy is the sum of financial economy and environmental economy. The study shows that reduced landfilling to the benefit of an increased use of energy and material from waste is positive from an environmental and energy as well as economic aspect. This is mainly due to the fact that the choice of waste management method affects processes outside the waste management system, such as production of district heating, vehicle fuel, plastic, cardboard, and fertiliser. This means that landfilling of energy-rich waste should be avoided as far as possible, both because of the the environmental impact, and because of the low recovery of resources. Incineration should constitute a basis in the waste management system of Aelvdalen, even if the waste has to be transported to a regional facility. Once the waste is collected, longer regional transports are of little significance, as long as the transports are carried out in an efficient manner. Comparing materials recycling and incineration, and biological treatment and incineration, no unambiguous conclusions can be drawn. There are benefits and drawbacks associated with all these waste management options. Materials recycling of plastic containers is comparable to

1992 Columbia River salmon flow measures Options Analysis/EIS

International Nuclear Information System (INIS)

1992-01-01

This Options Analysis/Environmental Impact Statement (OA/EIS) identifies, presents effects of, and evaluates the potential options for changing instream flow levels in efforts to increase salmon populations in the lower Columbia and Snake rivers. The potential actions would be implemented during 1992 to benefit juvenile and adult salmon during migration through eight run-of-river reservoirs. The Corps of Engineers (Corps) prepared this document in cooperation with the Bonneville Power Administration and the Bureau of Reclamation. The US Fish and Wildlife Service (FSWS) is a participating agency. The text and appendices of the document describe the characteristics of 10 Federal projects and one private water development project in the Columbia River drainage basin. Present and potential operation of these projects and their effects on the salmon that spawn and rear in the Columbia and Snake River System are presented. The life history, status, and response of Pacific salmon to current environmental conditions are described

1992 Columbia River Salmon Flow Measures Options Analysis/EIS.

Energy Technology Data Exchange (ETDEWEB)

1992-01-01

This Options Analysis/Environmental Impact Statement (OA/EIS) identifies, presents effects of, and evaluates the potential options for changing instream flow levels in efforts to increase salmon populations in the lower Columbia and Snake rivers. The potential actions would be implemented during 1992 to benefit juvenile and adult salmon during migration through eight run-of-river reservoirs. The Corps of Engineers (Corps) prepared this document in cooperation with the Bonneville Power Administration and the Bureau of Reclamation. The US Fish and Wildlife Service (FSWS) is a participating agency. The text and appendices of the document describe the characteristics of 10 Federal projects and one private water development project in the Columbia River drainage basin. Present and potential operation of these projects and their effects on the salmon that spawn and rear in the Columbia and Snake River System are presented. The life history, status, and response of Pacific salmon to current environmental conditions are described.

A comparative assessment of different options to reduce CO2 emissions. Working paper

International Nuclear Information System (INIS)

Messner, S.; Nakicenovic, N.

1992-03-01

The IIASA research project on Environmentally Compatible Energy Strategies includes the assessment of options and measures for mitigating global CO 2 emissions. The basis of this assessment is the comparative inventory of technological and economic measures including efficiency improvement, conservation, enhanced use of low-carbon fuels, carbon free sources of energy and measures for removing carbon from fuels, flue gases and also from the atmosphere such as afforestation, and finally also measures for enhancement of carbon sinks. To include all potential options, the comparison is based on energy end-use accounting for the fully interlinked energy conversion chain up to energy resources. The analysis is supported by a fully interactive data bank system, CO2DB, that is capable of evaluating full energy chains with respect to their economic, technical and environmental parameters. The paper reports energy requirements, cost and CO 2 emissions for different energy chains providing industrial drives, cooling and air transport services. At additional cost, emissions can be reduced drastically on all these end-use categories. (authors)

Energy crisis in Nigeria: The nuclear option and the necessary regulatory framework for its success

International Nuclear Information System (INIS)

Faru, T.A.; Abubakar, M.B.; Sulaiman, S.

2007-01-01

Limited access or inappropriate planning and utilization of modern energy remain one of the major constrains to socio-economic development of Nigeria. The total installed electricity generation including that from all other sources based on PHCN estimates is about 6,603 MW and total exploitable hydro potential is currently at 12,220 MW. The electricity demand projection for a 10% annual growth of the GDP was given as 16,000 MW, 30,000 MW and 192,000 MW for the years 2010, 2015 and 2030 respectively. The electricity as currently generated is therefore grossly inadequate to meet our Domestic Demands, National Economic Empowerment and Development Strategy (NEEDS) and the Millennium Development Goals. This work is the study in the energy requirements for sustainable development. The study has also looked at the potential contributions of various energy resources for meeting this demand. It has identified the limitations of these sources in satisfying the National Energy Requirement and has highlighted the suitability of Nuclear Energy the option in meeting the projected energy demand and the necessary framework for its success

Bioenergy options. Multidisciplinary participatory method for assessing bioenergy options for rural villages in Tanzania

Energy Technology Data Exchange (ETDEWEB)

Kauzeni, A S; Masao, H P; Sawe, E N; Shechambo, F C [Dar Es Salaam Univ. (Tanzania). Inst. of Resource Assessment; Ellegaard, A [Stockholm Environment Inst. (Sweden)

1999-12-31

In Tanzania, like in many other developing countries in Southern and Eastern Africa, bioenergy planning has received relatively little attention, compared to planning for `modern` energy sources, although it accounts for about 90% of the country`s energy supply. As a result there is less understanding of the complexity and diversity of bioenergy systems. There is a lack of reliable data and information on bio-resources, their consumption and interaction with social, economic, institutional and environmental factors. This is largely due to lack of adequately developed and easily understood methods of data and information development, analysis and methods of evaluating available bioenergy options. In order to address the above constraints a project was initiated where the general objective was to develop and test a multi-disciplinary research method for identifying bioenergy options that can contribute to satisfying the energy needs of the rural household, agricultural and small scale industrial sectors, promote growth and facilitate sustainable development. The decision on the development and testing of a multidisciplinary research method was based on the fact that in Tanzania several bioenergy programmes have been introduced e.g. tree planting, improved cookstoves, biogas, improved charcoal making kilns etc. for various purposes including combating deforestation; promoting economic growth, substitution of imported petroleum fuels, health improvement, and raising standards of living. However efforts made in introducing these programmes or interventions have met with limited success. This situation prevails because developed bioenergy technologies are not being adopted in adequate numbers by the target groups. There are some indications from the study that some of the real barriers to effective bioenergy interventions or adoption of bioenergy technologies lie at the policy level and not at the project level. After the development and testing of the methodology

Bioenergy options. Multidisciplinary participatory method for assessing bioenergy options for rural villages in Tanzania

Energy Technology Data Exchange (ETDEWEB)

Kauzeni, A.S.; Masao, H.P.; Sawe, E.N.; Shechambo, F.C. [Dar Es Salaam Univ. (Tanzania). Inst. of Resource Assessment; Ellegaard, A. [Stockholm Environment Inst. (Sweden)

1998-12-31

In Tanzania, like in many other developing countries in Southern and Eastern Africa, bioenergy planning has received relatively little attention, compared to planning for `modern` energy sources, although it accounts for about 90% of the country`s energy supply. As a result there is less understanding of the complexity and diversity of bioenergy systems. There is a lack of reliable data and information on bio-resources, their consumption and interaction with social, economic, institutional and environmental factors. This is largely due to lack of adequately developed and easily understood methods of data and information development, analysis and methods of evaluating available bioenergy options. In order to address the above constraints a project was initiated where the general objective was to develop and test a multi-disciplinary research method for identifying bioenergy options that can contribute to satisfying the energy needs of the rural household, agricultural and small scale industrial sectors, promote growth and facilitate sustainable development. The decision on the development and testing of a multidisciplinary research method was based on the fact that in Tanzania several bioenergy programmes have been introduced e.g. tree planting, improved cookstoves, biogas, improved charcoal making kilns etc. for various purposes including combating deforestation; promoting economic growth, substitution of imported petroleum fuels, health improvement, and raising standards of living. However efforts made in introducing these programmes or interventions have met with limited success. This situation prevails because developed bioenergy technologies are not being adopted in adequate numbers by the target groups. There are some indications from the study that some of the real barriers to effective bioenergy interventions or adoption of bioenergy technologies lie at the policy level and not at the project level. After the development and testing of the methodology

Energy Supply Options for Modernizing Army Heating Systems

Science.gov (United States)

1999-01-01

analysis. 26 USACERL TR 99/23 HEATMAP uses the AutoLISP program in AutoCAD to take the graphical input to populate a Microsoft® Access database in...density. 22 4 HEATMAP AutoCAD interface 23 5 HEATMAP cunsumers interface 24 6 HEATMAP production plant interface 25 7 HEATMAP flow analysis 25 8...Contractor Costs, Mission Requirements Real Property Data, AutoCAD map. Boiler Logs, Energy Bills Boiler and Pipe Inspections Installation Future

Rational energy use and the gas utility. An economic analysis of energy efficiency strategies on the space heating market

International Nuclear Information System (INIS)

Helle, C.

1994-01-01

Apart from the political authorities, also the supply utilities may contribute to a more widespread rational energy use. This investigtion focuses on the gas utilities, which have a wide range of options for higher energy efficiency, especially on the space heating market. These options are analyzed in the framework of the process of company straategy planning. Particular interest is taken in the product-political strategy of forward integration. (orig.) [de

Strategic Options Development and Analysis

Science.gov (United States)

Ackermann, Fran; Eden, Colin

Strategic Options Development and Analysis (SODA) enables a group or individual to construct a graphical representation of a problematic situation, and thus explore options and their ramifications with respect to a complex system of goals or objectives. In addition the method aims to help groups arrive at a negotiated agreement about how to act to resolve the situation. It is based upon the use of causal mapping - a formally constructed means-ends network - as representation form. Because the picture has been constructed using the natural language of the problem owners it becomes a model of the situation that is ‘owned' by those who define the problem. The use of formalities for the construction of the model makes it amenable to a range of analyses as well as encouraging reflection and a deeper understanding. These analyses can be used in a ‘rough and ready' manner by visual inspection or through the use of specialist causal mapping software (Decision Explorer). Each of the analyses helps a group or individual discover important features of the problem situation, and these features facilitate agreeing agood solution. The SODA process is aimed at helping a group learn about the situation they face before they reach agreements. Most significantly the exploration through the causal map leads to a higher probability of more creative solutions and promotes solutions that are more likely to be implemented because the problem construction process is wider and more likely to include richer social dimensions about the blockages to action and organizational change. The basic theories that inform SODA derive from cognitive psychology and social negotiation, where the model acts as a continuously changing representation of the problematic situation - changing as the views of a person or group shift through learning and exploration. This chapter, jointly written by two leading practitioner academics and the original developers of SODA, Colin Eden and Fran Ackermann

Marketing energy conservation options to Northwest manufactured home buyers. Revision 1

Energy Technology Data Exchange (ETDEWEB)

Hendrickson, P.L.; Mohler, B.L.; Taylor, Z.T.; Lee, A.D.; Onisko, S.A.

1985-10-01

Manufactured, or HUD-Code, homes comprise a growing share of the housing stock in the Northwest, as well as nationally. Their relatively low cost has made them especially attractive to lower income families, first-time home-buyers, and retired persons. The characteristics of manufactured home (MH) buyers, the unique energy consumption characteristics of the homes, and their increasing market share make this market an especially critical one for energy consumption and conservation planning in the Northwest. This study relies on extensive, existing survey data and new analyses to develop information that can potentially assist the design of a marketing plan to achieve energy conservation in new manufactured homes. This study has the objective of assisting BPA in the development of a regional approach in which numerous organizations and parties would participate to achieve conservation in new manufactured homes. A previous survey and information collected for this study from regional dealers and manufacturers provide an indication of the energy conservation options being sold to manufactured home buyers in the PNW. Manufacturers in the Northwest appear to sell homes that usually exceed the HUD thermal requirements. Manufacturers typically offer efficiency improvements in packages that include fixed improvements in insulation levels, glazing, and infiltration control. Wholesale costs of these packages range from about $100 to $1500. Typical packages include significant upgrades in floor insulation values with modest upgrades in ceilings and walls. This study identifies trends and impacts that a marketing plan should consider to adequately address the financial concerns of manufactured home buyers.

Neutronic Analysis on Coolant Options in a Hybrid Reactor System for High Level Waste Transmutation

Energy Technology Data Exchange (ETDEWEB)

Hong, Seong Hee; Kim, Myung Hyun [Kyung Hee University, Seoul (Korea, Republic of)

2014-10-15

A fusion-fission hybrid reactor (FFHR) which is a combination of plasma fusion tokamak as a fast neutron source and a fission reactor as of fusion blanket is another potential candidate. In FFHR, fusion plasma machine can supply high neutron-rich and energetic 14.1MeV (D, T) neutrons compared to other options. Therefore it has better capability in HLW incineration. While, it has lower requirements compared to pure fusion. Much smaller-sized tokamak can be achievable in a near term because it needs relatively low plasma condition. FFHR has also higher safety potential than fast reactors just as ADSR because it is subcritical reactor system. FFHR proposed up to this time has many design concepts depending on the design purpose. FFHR may also satisfy many design requirement such as energy multiplication, tritium production, radiation shielding for magnets, fissile breeding for self-sustain ability also waste transmutation. Many types of fuel compositions and coolant options have been studied. Effect of choices for fuel and coolant was studied for the transmutation purpose FFHR by our team. In this study LiPb coolant was better than pure Li coolant both for neutron multiplication and tritium breeding. However, performance of waste transmutation was reduced with increased neutron absorption at coolant caused by tritium breeding. Also, LiPb as metal coolant has a problem of massive MHD pressure drop in coolant channels. Therefore, in a previous study, waste transmutation performance was evaluated with light water coolant option which may be a realistic choice. In this study, a neutronic analysis was done for the various coolant options with a detailed computation. One of solutions suggested is to use the pressure tubes inside of first wall and second wall In this work, performance of radioactive waste transmutation was compared with various coolant options. On the whole, keff increases with all coolants except for FLiBe, therefore required fusion power is decreased. In

SEADS 3.0 Sectoral Energy/Employment Analysis and Data System

Energy Technology Data Exchange (ETDEWEB)

Roop, Joseph M.; Anderson, David A.; Schultz, Robert W.; Elliott, Douglas B.

2007-12-17

SEADS 3.0, the Sectoral Energy/Employment Analysis and Data System, is a revision and upgrading of SEADS--PC, a software package designed for the analysis of policy that could be described by modifying final demands of consumer, businesses, or governments (Roop, et al., 1995). If a question can be formulated so that implications can be translated into changes in final demands for goods and services, then SEADS 3.0 provides a quick and easy tool to assess preliminary impacts. And SEADS 3.0 should be considered just that: a quick and easy way to get preliminary results. Often a thorough answer, even to such a simple question as, “What would be the effect on U. S. energy use and employment if the Federal Government doubled R&D expenditures?” requires a more sophisticated analytical framework than the input-output structure embedded in SEADS 3.0. This tool uses a static, input-output model to assess the impacts of changes in final demands on first industry output, then employment and energy use. The employment and energy impacts are derived by multiplying the industry outputs (derived from the changed final demands) by industry-specific energy and employment coefficients. The tool also allows for the specification of regional or state employment impacts, though this option is not available for energy impacts.

Ghana and the nuclear power option

International Nuclear Information System (INIS)

Fletcher, J.J.; Ennison, I.

2000-01-01

For every country, dependable and continuous supply of electricity is a prerequisite for ensuring sustainable development. In Ghana, Ghanaians have currently known the consequences of disrupted and inadequate supply of electricity. Globally too the call of ''Agenda 21'' of the Rio de Janeiro Conference (Earth Summit) to engage in the development and supply of electricity in a sustainable manner imposes on us certain limitations in our choice of energy option to utilise. Taking into account the high economic and population growths with the subsequent increase in demand for electricity in the 21st century, the fact that Ghana has no coal and imports oil which will be in dwindling supply in the 21st century and that the total hydro supply in Ghana will not be sufficient for our electricity demand in the next century, this paper proposes that Ghana starts now to plan for the introduction of the nuclear option so that in the long term we may have in place an environmentally friendly, dependable and reliable supply of energy. The paper also highlights the economic competitiveness of nuclear power over the other energy options in Ghana and addresses the apprehension and misunderstanding surrounding the nuclear power option. (author)

Research into real-option evaluation method

International Nuclear Information System (INIS)

Shiba, Tsuyoshi; Wakamatsu, Hitoshi

2002-03-01

As an evaluational method for valuation of a corporation, an investment project, a research and development, or the evaluation technique of an enterprise strategy, a real option analysis attracts attention instead of conventional Discount Cash Flow method. The reason is that it can divert the technique for the option valuation in financial engineering to the decision-making process performed according to change in investment environment. Related references, the analysis tools, the application examples, etc. were investigated about the decision-making technique using real option analysis, and this investigation considered the application method to decision-making of the research and development at Japan Nuclear Cycle Development Institute. Consequently, since the feature is in real option analysis being the evaluation technique on condition of that business conditions and business itself also change, the real option analysis fits for evaluation of a research and development that business conditions were opaque and it turns out that the businesses are highly flexible. Moreover, it turns out that it fits also for evaluation of a capital concentration type investment issue like power plants. (author)

Stochastic control and real options valuation of thermal storage-enabled demand response from flexible district energy systems

International Nuclear Information System (INIS)

Kitapbayev, Yerkin; Moriarty, John; Mancarella, Pierluigi

2015-01-01

Highlights: • We calculate the real option value of flexibility from CHP-thermal storage. • Stochastic optimal feedback control problem is solved under uncertain market prices. • Efficient real-time numerical solutions combine simulation, regression and recursion. • Clear, interpretable feedback control maps are produced for each hour of the day. • We give a realistic UK case study using projected market gas and electricity prices. - Abstract: In district energy systems powered by Combined Heat and Power (CHP) plants, thermal storage can significantly increase CHP flexibility to respond to real time market signals and therefore improve the business case of such demand response schemes in a Smart Grid environment. However, main challenges remain as to what is the optimal way to control inter-temporal storage operation in the presence of uncertain market prices, and then how to value the investment into storage as flexibility enabler. In this outlook, the aim of this paper is to propose a model for optimal and dynamic control and long term valuation of CHP-thermal storage in the presence of uncertain market prices. The proposed model is formulated as a stochastic control problem and numerically solved through Least Squares Monte Carlo regression analysis, with integrated investment and operational timescale analysis equivalent to real options valuation models encountered in finance. Outputs are represented by clear and interpretable feedback control strategy maps for each hour of the day, thus suitable for real time demand response under uncertainty. Numerical applications to a realistic UK case study with projected market gas and electricity prices exemplify the proposed approach and quantify the robustness of the selected storage solutions

Baseline energy forecasts and analysis of alternative strategies for airline fuel conservation

Energy Technology Data Exchange (ETDEWEB)

1976-07-01

To evaluate the impact of fuel conservation strategies, baseline forecasts of airline activity and energy consumption to 1990 were developed. Alternative policy options to reduce fuel consumption were identified and analyzed for three baseline levels of aviation activity within the framework of an aviation activity/energy consumption model. By combining the identified policy options, a strategy was developed to provide incentives for airline fuel conservation. Strategies and policy options were evaluated in terms of their impact on airline fuel conservation and the functioning of the airline industry as well as the associated social, environmental, and economic costs. (GRA)

Thermodynamic and heat transfer analysis of LNG energy recovery for power production

International Nuclear Information System (INIS)

Franco, A; Casarosa, C

2014-01-01

An important option to transport the gas is to convert it into liquid natural gas (LNG) and convey it using insulated LNG tankers. At receiving terminals, the LNG is offloaded into storage tanks and then pumped at the required pressure and vaporized for final transmission to the pipeline. The LNG production process consumes a considerable amount of energy, while the cold availability, as also known as cold energy, has been stored in LNG. At a receiving terminal, LNG needs to be evaporated into gas at environmental temperature before fed into the gas distribution system. Seawater is commonly used for the regasification process of the LNG. In the present paper, after a general analysis of the perspectives of the various thermodynamic schemes proposed for power production from the regasification, a detailed analysis of enhanced direct expansion system is carried out in order to identify the upper level of the energy that can be recovered. The analysis outlines that power production typical of optimized ORC plant configurations (120 kJ/kg) can be obtained with direct expansion solutions

Thermodynamic and heat transfer analysis of LNG energy recovery for power production

Science.gov (United States)

Franco, A.; Casarosa, C.

2014-11-01

An important option to transport the gas is to convert it into liquid natural gas (LNG) and convey it using insulated LNG tankers. At receiving terminals, the LNG is offloaded into storage tanks and then pumped at the required pressure and vaporized for final transmission to the pipeline. The LNG production process consumes a considerable amount of energy, while the cold availability, as also known as cold energy, has been stored in LNG. At a receiving terminal, LNG needs to be evaporated into gas at environmental temperature before fed into the gas distribution system. Seawater is commonly used for the regasification process of the LNG. In the present paper, after a general analysis of the perspectives of the various thermodynamic schemes proposed for power production from the regasification, a detailed analysis of enhanced direct expansion system is carried out in order to identify the upper level of the energy that can be recovered. The analysis outlines that power production typical of optimized ORC plant configurations (120 kJ/kg) can be obtained with direct expansion solutions.

10 CFR 490.307 - Option for Electric Utilities.

Science.gov (United States)

2010-01-01

... 10 Energy 3 2010-01-01 2010-01-01 false Option for Electric Utilities. 490.307 Section 490.307... Provider Vehicle Acquisition Mandate § 490.307 Option for Electric Utilities. (a) A covered person or its... selling, at wholesale or retail, electricity has the option of delaying the vehicle acquisition mandate...

Analysis of edible oil processing options for the BIO-Plex advanced life support system

Science.gov (United States)

Greenwalt, C. J.; Hunter, J.

2000-01-01

Edible oil is a critical component of the proposed plant-based Advanced Life Support (ALS) diet. Soybean, peanut, and single-cell oil are the oil source options to date. In terrestrial manufacture, oil is ordinarily extracted with hexane, an organic solvent. However, exposed solvents are not permitted in the spacecraft environment or in enclosed human tests by National Aeronautics and Space Administration due to their potential danger and handling difficulty. As a result, alternative oil-processing methods will need to be utilized. Preparation and recovery options include traditional dehulling, crushing, conditioning, and flaking, extrusion, pressing, water extraction, and supercritical extraction. These processing options were evaluated on criteria appropriate to the Advanced Life Support System and BIO-Plex application including: product quality, product stability, waste production, risk, energy needs, labor requirements, utilization of nonrenewable resources, usefulness of by-products, and versatility and mass of equipment to determine the most appropriate ALS edible oil-processing operation.

[Alaskan commodities irradiation project: An options analysis study

International Nuclear Information System (INIS)

Zarling, J.P.; Swanson, R.B.; Logan, R.R.

1989-09-01

The ninety-ninth US Congress commissioned a six-state food irradiation research and development program to evaluate the commercial potential of this technology. Hawaii, Washington, Iowa, Oklahoma and Florida as well as Alaska have participated in the national program; various food products including fishery products, red meats, tropical and citrus fruits and vegetables have been studied. The purpose of the Alaskan study was to review and evaluate those factors related to the technical and economic feasibility of an irradiator in Alaska. This options analysis study will serve as a basis for determining the state's further involvement in the development of food irradiation technology

Fuel Consumption Analysis and Optimization of a Sustainable Energy System for a 100% Renewables Smart House

DEFF Research Database (Denmark)

Craciun, Vasile Simion; Blarke, Morten; Trifa, Viorel

2012-01-01

and a feasibility study of a sustainable energy system for a 100% renewables smart house (SH) in Denmark is presented. Due to the continuous increasing penetration levels of wind and solar power in today’s energy system call for the development of high efficiency optimizations and Smart Grid (SG) enabling options....... In case of renewable energies, one main challenge is the discontinuity of generation which can be solved with planning and control optimization methods. The results of the economic analysis and the feasibility of the sustainable energy system for a 100% renewables SH show that this could be possible...

Nuclear Fuel Cycle Options Catalog: FY16 Improvements and Additions

Energy Technology Data Exchange (ETDEWEB)

Price, Laura L. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Barela, Amanda Crystal [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Schetnan, Richard Reed [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Walkow, Walter M. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)

2016-08-31

The United States Department of Energy, Office of Nuclear Energy, Fuel Cycle Technology Program sponsors nuclear fuel cycle research and development. As part of its Fuel Cycle Options campaign, the DOE has established the Nuclear Fuel Cycle Options Catalog. The catalog is intended for use by the Fuel Cycle Technologies Program in planning its research and development activities and disseminating information regarding nuclear energy to interested parties. The purpose of this report is to document the improvements and additions that have been made to the Nuclear Fuel Cycle Options Catalog in the 2016 fiscal year.

Nuclear Fuel Cycle Options Catalog FY15 Improvements and Additions.

Energy Technology Data Exchange (ETDEWEB)

Price, Laura L. [Sandia National Laboratories (SNL-NM), Albuquerque, NM (United States); Barela, Amanda Crystal [Sandia National Laboratories (SNL-NM), Albuquerque, NM (United States); Schetnan, Richard Reed [Sandia National Laboratories (SNL-NM), Albuquerque, NM (United States); Walkow, Walter M. [Sandia National Laboratories (SNL-NM), Albuquerque, NM (United States)

2015-11-01

The United States Department of Energy, Office of Nuclear Energy, Fuel Cycle Technology Program sponsors nuclear fuel cycle research and development. As part of its Fuel Cycle Options campaign, the DOE has established the Nuclear Fuel Cycle Options Catalog. The catalog is intended for use by the Fuel Cycle Technologies Program in planning its research and development activities and disseminating information regarding nuclear energy to interested parties. The purpose of this report is to document the improvements and additions that have been made to the Nuclear Fuel Cycle Options Catalog in the 2015 fiscal year.

Initial Business Case Analysis of Two Integrated Heat Pump HVAC Systems for Near-Zero-Energy Homes

Energy Technology Data Exchange (ETDEWEB)

Baxter, Van D [ORNL

2006-11-01

The long range strategic goal of the Department of Energy's Building Technologies (DOE/BT) Program is to create, by 2020, technologies and design approaches that enable the construction of net-zero energy homes at low incremental cost (DOE/BT 2005). A net zero energy home (NZEH) is a residential building with greatly reduced needs for energy through efficiency gains, with the balance of energy needs supplied by renewable technologies. While initially focused on new construction, these technologies and design approaches are intended to have application to buildings constructed before 2020 as well resulting in substantial reduction in energy use for all building types and ages. DOE/BT's Emerging Technologies (ET) team is working to support this strategic goal by identifying and developing advanced heating, ventilating, air-conditioning, and water heating (HVAC/WH) technology options applicable to NZEHs. Although the energy efficiency of heating, ventilating, and air-conditioning (HVAC) equipment has increased substantially in recent years, new approaches are needed to continue this trend. Dramatic efficiency improvements are necessary to enable progress toward the NZEH goals, and will require a radical rethinking of opportunities to improve system performance. The large reductions in HVAC energy consumption necessary to support the NZEH goals require a systems-oriented analysis approach that characterizes each element of energy consumption, identifies alternatives, and determines the most cost-effective combination of options. In particular, HVAC equipment must be developed that addresses the range of special needs of NZEH applications in the areas of reduced HVAC and water heating energy use, humidity control, ventilation, uniform comfort, and ease of zoning. In FY05 ORNL conducted an initial Stage 1 (Applied Research) scoping assessment of HVAC/WH systems options for future NZEHs to help DOE/BT identify and prioritize alternative approaches for further

Economics of Alaska North Slope gas utilization options

International Nuclear Information System (INIS)

Thomas, C.P.; Doughty, T.C.; Hackworth, J.H.; North, W.B.; Robertson, E.P.

1996-08-01

The recoverable natural gas available for sale in the developed and known undeveloped fields on the Alaskan North Slope (ANS) total about 26 trillion cubic feet (TCF), including 22 TCF in the Prudhoe Bay Unit (PBU) and 3 TCF in the undeveloped Point Thomson Unit (PTU). No significant commercial use has been made of this large natural gas resource because there are no facilities in place to transport this gas to current markets. To date the economics have not been favorable to support development of a gas transportation system. However, with the declining trend in ANS oil production, interest in development of this huge gas resource is rising, making it important for the U.S. Department of Energy, industry, and the State of Alaska to evaluate and assess the options for development of this vast gas resource. The purpose of this study was to assess whether gas-to-liquids (GTL) conversion technology would be an economic alternative for the development and sale of the large, remote, and currently unmarketable ANS natural gas resource, and to compare the long term economic impact of a GTL conversion option to that of the more frequently discussed natural gas pipeline/liquefied natural gas (LNG) option. The major components of the study are: an assessment of the ANS oil and gas resources; an analysis of conversion and transportation options; a review of natural gas, LNG, and selected oil product markets; and an economic analysis of the LNG and GTL gas sales options based on publicly available input needed for assumptions of the economic variables. Uncertainties in assumptions are evaluated by determining the sensitivity of project economics to changes in baseline economic variables

Comparative analysis for energy production processes (EPPs): Sustainable energy futures for Turkey

International Nuclear Information System (INIS)

Talinli, Ilhan; Topuz, Emel; Uygar Akbay, Mehmet

2010-01-01

This study presents a comparative analysis of three different energy production process (EPP) scenarios for Turkey. Main goal is to incorporate the prioritization criteria for the assessment of various energy policies for power alternatives, and evaluating these policies against these criteria. The three types of EPPs reviewed in this study are: electricity production from wind farms in the future, existing coal-based thermal power plants and planned nuclear power plants. The analytical hierarchy process (AHP) is utilized to assess the main and sub-factors of EPPs. Main factors such as economic, technical, social and environmental are assigned in first level of the AHP. The importance weights of factors are produced and priority values with realistic numbers are obtained using Fuzzy-AHP Chang's Model. Priority value for wind energy was determined as two times higher than the others when making the ultimate decision. On aggregate, importance weights of environmental (0.68) and social (0.69) factors make wind power leader. Sub-factors such as public acceptance, waste-emission and environmental impacts cause both nuclear and thermal power to have the lowest priority numbers. Additionally, the CO 2 emissions trade was determined to be a very important criterion associated with both economic and environmental factors according to Kyoto Protocol. This study concludes that Turkey's existing thermal power stations should gradually be substituted by renewable energy options according to a schedule of Turkish energy policies in future.

Security of supply, energy spillage control and peaking options within a 100% renewable electricity system for New Zealand

International Nuclear Information System (INIS)

Mason, I.G.; Page, S.C.; Williamson, A.G.

2013-01-01

In this paper, issues of security of supply, energy spillage control, and peaking options, within a fully renewable electricity system, are addressed. We show that a generation mix comprising 49% hydro, 23% wind, 13% geothermal, 14% pumped hydro energy storage peaking plant, and 1% biomass-fuelled generation on an installed capacity basis, was capable of ensuring security of supply over an historic 6-year period, which included the driest hydrological year on record in New Zealand since 1931. Hydro spillage was minimised, or eliminated, by curtailing a proportion of geothermal generation. Wind spillage was substantially reduced by utilising surplus generation for peaking purposes, resulting in up to 99.8% utilisation of wind energy. Peaking requirements were satisfied using 1550 MW of pumped hydro energy storage generation, with a capacity factor of 0.76% and an upper reservoir storage equivalent to 8% of existing hydro storage capacity. It is proposed that alternative peaking options, including biomass-fuelled gas turbines and demand-side measures, should be considered. As a transitional policy, the use of fossil-gas–fuelled gas turbines for peaking would result in a 99.8% renewable system on an energy basis. Further research into whether a market-based system is capable of delivering such a renewable electricity system is suggested. - Highlights: • A 100% renewable electricity system was modelled over a 6-year period. • Security of supply was demonstrated, including for the driest year since 1931. • Stored energy spillage was controlled by using flexible base-load generation. • Wind energy utilisation of 99.8% was obtained. • Transitional use of fossil gas for peaking resulted in a 99.8% renewable system

Integrated Portfolio Analysis: Return on Investment and Real Options Analysis of Intelligence Information Systems (Cryptologic Carry On Program)

National Research Council Canada - National Science Library

Rios, Jr., Cesar G; Housel, Thomas; Mun, Johnathan

2006-01-01

...) on individual projects, programs, and processes within a portfolio of IT investments. Using KVA historical data as a platform, the authors evaluate potential strategic investments with real options analysis...

Urban energy consumption: Different insights from energy flow analysis, input–output analysis and ecological network analysis

International Nuclear Information System (INIS)

Chen, Shaoqing; Chen, Bin

2015-01-01

Highlights: • Urban energy consumption was assessed from three different perspectives. • A new concept called controlled energy was developed from network analysis. • Embodied energy and controlled energy consumption of Beijing were compared. • The integration of all three perspectives will elucidate sustainable energy use. - Abstract: Energy consumption has always been a central issue for sustainable urban assessment and planning. Different forms of energy analysis can provide various insights for energy policy making. This paper brought together three approaches for energy consumption accounting, i.e., energy flow analysis (EFA), input–output analysis (IOA) and ecological network analysis (ENA), and compared their different perspectives and the policy implications for urban energy use. Beijing was used to exemplify the different energy analysis processes, and the 42 economic sectors of the city were aggregated into seven components. It was determined that EFA quantifies both the primary and final energy consumption of the urban components by tracking the different types of fuel used by the urban economy. IOA accounts for the embodied energy consumption (direct and indirect) used to produce goods and services in the city, whereas the control analysis of ENA quantifies the specific embodied energy that is regulated by the activities within the city’s boundary. The network control analysis can also be applied to determining which economic sectors drive the energy consumption and to what extent these sectors are dependent on each other for energy. So-called “controlled energy” is a new concept that adds to the analysis of urban energy consumption, indicating the adjustable energy consumed by sectors. The integration of insights from all three accounting perspectives further our understanding of sustainable energy use in cities

Error Analysis for Fourier Methods for Option Pricing

KAUST Repository

Hä ppö lä , Juho

2016-01-01

We provide a bound for the error committed when using a Fourier method to price European options when the underlying follows an exponential Levy dynamic. The price of the option is described by a partial integro-differential equation (PIDE

Analysis of energy development sustainability: The example of the lithuanian district heating sector

International Nuclear Information System (INIS)

Kveselis, Vaclovas; Dzenajavičienė, Eugenija Farida; Masaitis, Sigitas

2017-01-01

Today, sustainable energy development is one of key issues on European development agenda. The article describes one of sustainable energy development promoting tool - the eco-labelling scheme for district heating and cooling systems elaborated within the framework of Intelligent Energy for Europe program project “Ecoheat4cities” and partially funded by European Agency for Competitiveness and Innovation. The scheme is based on measured energy and environmental performance data of the district heating and cooling system and considers primary non-renewable energy usage together with the share of renewable energy and carbon dioxide emissions calculated using life-cycle analysis methodology. The “power bonus” approach is used for performance indicators of the heat generated in cogeneration installations. An analysis of a number of Lithuanian district heating companies using elaborated labelling criteria shows positive trends towards fulfilling Lithuania's energy policy goals. The labelling scheme gives opportunity for policy makers and urban planners to compare different heat supply options and decide upon exploiting district heating advantages and benefits for reaching EU energy and environment policy goals. - Highlights: • Overview of Lithuania's district heating sector was performed via main sustainability criteria. • Developing to greener and more efficient state was disclosed via analysis of three years activity results. • Green labelling may help district heating companies to maintain existing and attract new potential consumers.

Solar Energy - An Option for Future Energy Production

Science.gov (United States)

Glaser, Peter E.

1972-01-01

Discusses the exponential growth of energy consumption and future consequences. Possible methods of converting solar energy to power such as direct energy conversion, focusing collectors, selective rediation absorbers, ocean thermal gradient, and space solar power are considered. (DF)

Issues and options with regard to the renewables target in the context of the 2030 EU Climate and Energy Package

International Nuclear Information System (INIS)

Spencer, Thomas; Colombier, Michel; Ribera, Teresa

2014-01-01

The renewables target in the current package has leveraged significant growth in renewables. The share of renewables in final energy consumption increased from 9.7% in 2007 to 13% in 2011; in electricity from 15.8% to 21.7%. Unit costs have fallen as well. However, the renewables targets have also generated significant conflict. The synthetic indicator used to distribute EU targets (GDP/capita) has meant that some Member States must make significant efforts, in the final analysis possibly in excess of their economic potential and preferences. Top-down targets have unleashed policy innovation and capacity expansion in Member States; but in some cases effective appropriation in Member States' policy approaches has lagged behind. Nonetheless, there are still strong arguments for a framework for renewables in the future package. Firstly, these technologies will be vital to any long-term, decarbonization scenario. Secondly, there are still significant cost cuts that must be achieved in many renewables technologies, via technological and systemic learning driven by controlled capacity expansion and enhanced R and D. Thirdly, coordinating policy and infrastructure planning, as well as market integration and state aid policy all require that we have a clear idea of the direction of the EU energy mix and Member State policy efforts. In this context, this paper explores options to include renewables in the 2030 climate and energy package. These include binding, top-down targets, non-binding targets, and binding, bottom-up targets negotiated within an EU framework. Whatever approach is taken to the options discussed in the paper, it appears that a key role of the 2030 package should be to strengthen planning and policy processes within Member States, and in turn its integration at EU level. (authors)

Energy efficiency barriers in commercial and industrial firms in Ukraine: An empirical analysis

International Nuclear Information System (INIS)

Hochman, Gal; Timilsina, Govinda R.

2017-01-01

Improvement in energy efficiency is one of the main options to reduce energy demand and greenhouse gas emissions. However, large-scale deployment of energy-efficient technologies is constrained by several factors. Employing a survey of 509 industrial and commercial firms throughout Ukraine and a generalized ordered logit model, we quantified the economic, behavioral, and institutional barriers that may impede the deployment of energy-efficient technologies. Our analysis shows that behavioral barriers resulted from lack of information, knowledge, and awareness are major impediments to the adoption of energy-efficient technologies in Ukraine, and that financial barriers may further impede investments in these technologies especially for small firms. This suggests that carefully targeted information provisions and energy audits will enhance Ukrainian firms' investments in energy-efficient technologies to save energy consumption, improve productivity, and reduce carbon emissions from the productive sectors. - Highlights: • Employing a survey of 509 industrial and commercial firms throughout Ukraine • A generalized ordered logit model is used in the analysis. • The paper quantifies the economic, behavioral, and institutional barriers to energy-efficient technologies. • Behavioral barriers are major impediments to the adoption of energy-efficient technologies. • Financial barriers may further impede investments in these technologies especially for small firms.

Commodities, energy and environmental finance

CERN Document Server

Ludkovski, Michael; Sircar, Ronnie

2015-01-01

This volume is a collection of chapters covering the latest developments in applications of financial mathematics and statistics to topics in energy, commodity financial markets and environmental economics. The research presented is based on the presentations and discussions that took place during the Fields Institute Focus Program on Commodities, Energy and Environmental Finance in August 2013. The authors include applied mathematicians, economists and industry practitioners, providing for a multi-disciplinary spectrum of perspectives on the subject. The volume consists of four sections: Electricity Markets; Real Options; Trading in Commodity Markets; and Oligopolistic Models for Energy Production. Taken together, the chapters give a comprehensive summary of the current state of the art in quantitative analysis of commodities and energy finance. The topics covered include structural models of electricity markets, financialization of commodities, valuation of commodity real options, game-theory analysis of ...

Deliberating emission reduction options

Energy Technology Data Exchange (ETDEWEB)

Dowd, A.M.; Rodriguez, M.; Jeanneret, T. [Commonwealth Scientific and Industrial Research Organisation CSIRO, 37 Graham Rd, Highett VIC 3190 (Australia); De Best-Waldhober, M.; Straver, K.; Mastop, J.; Paukovic, M. [Energy research Centre of the Netherlands ECN, Policy Studies, Amsterdam (Netherlands)

2012-06-15

For more than 20 years there has been a concerted international effort toward addressing climate change. International conventions, such as the United Nations Foreign Convention on Climate Change (UNFCCC; ratified in 1994), have been established by committed nations seeking to address global climate change through the reduction of greenhouse gases emitted into the Earth's atmosphere (Global CCS Institute, 2011). Long recognised as the most crucial of the greenhouse gases to impact global warming, the majority of carbon dioxide's anthropogenic global emissions are directly related to fuel combustion of which both Australia and the Netherlands' energy production is significantly reliant. Both these nations will need to consider many opinions and make hard decisions if alternative energy options are to be implemented at the scale that is required to meet international emission targets. The decisions that are required not only need to consider the many options available but also their consequences. Along with politicians, policy developers and industry, the general public also need to be active participants in deciding which energy options, and their subsequent consequences, are acceptable for implementation at the national level. Access to balanced and factual information is essential in establishing informed opinions on the many policy options available. Past research has used several methods to measure public perceptions and opinions yet for complex issues, such as emission reduction, some of these methods have shown to be problematic. For example, semi structured interviews can provide data that is flexible and context rich yet is does also come with the limitations such as it seldom provides a practical assessment that can be utilised from researcher to researcher, across disciplines and public participation techniques. Surveys on the other hand usually address these limitations but surveys that do not encourage comparison of information or ask

Deliberating emission reduction options

Energy Technology Data Exchange (ETDEWEB)

Dowd, A. M.; Rodriguez, M.; Jeanneret, T. [Commonwealth Scientific and Industrial Research Organisation CSIRO, 37 Graham Rd, Highett VIC 3190 (Australia); De Best-Waldhober, M.; Straver, K.; Mastop, J.; Paukovic, M. [Energy research Centre of the Netherlands ECN, Policy Studies, Amsterdam (Netherlands)

2012-06-15

For more than 20 years there has been a concerted international effort toward addressing climate change. International conventions, such as the United Nations Foreign Convention on Climate Change (UNFCCC; ratified in 1994), have been established by committed nations seeking to address global climate change through the reduction of greenhouse gases emitted into the Earth's atmosphere (Global CCS Institute, 2011). Long recognised as the most crucial of the greenhouse gases to impact global warming, the majority of carbon dioxide's anthropogenic global emissions are directly related to fuel combustion of which both Australia and the Netherlands' energy production is significantly reliant. Both these nations will need to consider many opinions and make hard decisions if alternative energy options are to be implemented at the scale that is required to meet international emission targets. The decisions that are required not only need to consider the many options available but also their consequences. Along with politicians, policy developers and industry, the general public also need to be active participants in deciding which energy options, and their subsequent consequences, are acceptable for implementation at the national level. Access to balanced and factual information is essential in establishing informed opinions on the many policy options available. Past research has used several methods to measure public perceptions and opinions yet for complex issues, such as emission reduction, some of these methods have shown to be problematic. For example, semi structured interviews can provide data that is flexible and context rich yet is does also come with the limitations such as it seldom provides a practical assessment that can be utilised from researcher to researcher, across disciplines and public participation techniques. Surveys on the other hand usually address these limitations but surveys that do not encourage comparison of information or ask participants to

Feasibility Study for the Ivano-Frankivsk District Heating Repowering: Analysis of Options

Energy Technology Data Exchange (ETDEWEB)

Markel, L.; Popelka, A.; Laskarevsky, V.

2002-03-20

Part of the U.S. Initiative on Joint Implementation with the Ukraine Inter-Ministerial Commission on Climate Change, financed by the US Department of Energy. The project was implemented by a team consisting of the US company SenTech, Inc. and the Ukrainian company Esco-West. The main objective of the effort was to assess available alternatives of Ivano-Frankivsk (I-F) District Heating repowering and provide information for I-F's investment decision process. This study provides information on positive and negative technical and economic aspects of available options. Three options were analyzed for technical merit and economic performance: 1. Installation of cogeneration system based on Gas Turbine (GT) and Heat Recovery Heat Exchanger with thermal capacity of 30 MW and electrical capacity of 13.5 MW. This Option assumes utilization of five existing boilers with total capacity of 221 MW. Existing boilers will be equipped with modern controls. Equipment in this Option was sized for longest operating hours, about 8000 based on the available summer baseload. 2. Installation of Gas Turbine Combined Cycle (GTCC) and Heat Recovery Steam Generator (HRSG) with thermal capacity 45 MW and electrical capacity of 58.7 MW. This Option assumes utilization of five existing boilers with total capacity of 221 MW. Existing boilers will be equipped with modern controls. The equipment was sized for medium, shoulder season thermal load, and some cooling was assumed during the summer operation for extension of operating hours for electricity production. 3. Retrofit of six existing boilers (NGB) with total thermal capacity of 255.9 MW by installation of modern control system and minor upgrades. This option assumes only heat production with minimum investment. The best economic performance and the largest investment cost would result from alternative GTCC. This alternative has positive Net Present Value (NPV) with discount rate lower than about 12%, and has IRR slightly above 12%. The

Combinations of options: Methodology for impact analysis. Development plan 1993

International Nuclear Information System (INIS)

1992-01-01

The orientations favored by Hydro-Quebec in terms of electricity supply and demand are based on a few key selection criteria. These criteria, as described in its development plan, pertain to economic benefit for the utility and its customers, compatibility with sustainable development, minimization of costs to customers, preservation of the utility's financial health, generation of economic spinoffs, and ease of adaptation. Impacts are calculated to illustrate the selection criteria. The main methods, assumptions, and components used in evaluating the various impacts are described. The discounted overall cost for Hydro-Quebec and all of its customers, means of meeting electricity requirements, and the economic benefit for Hydro-Quebec of the various market development options are discussed. The indicators chosen for environmental impact assessment are set forth and the method used to calculate long-term supply costs is presented, along with the methods for calculating economic spinoffs. Finally, the concepts of energy mix and energy self-sufficiency are outlined. 1 tab

Analysis of sectoral energy conservation in Malaysia

Energy Technology Data Exchange (ETDEWEB)

Al-Mofleh, Anwar; Taib, Soib; Salah, Wael [School of Electrical and Electronics Engineering, Universiti Sains Malaysia, 14300 Nibong Tebal, Penang (Malaysia); Mujeebu, M. Abdul [School of Mechanical Engineering, Universiti Sains Malaysia, 14300 Nibong Tebal, Penang (Malaysia)

2009-06-15

The electrical energy consumption in Malaysia has increased sharply in the past few years, and modern energy efficient technologies are desperately needed for the national energy policy. This article presents a comprehensive picture of the current status of energy consumption and various energy conservation options viable for Malaysian environment. A detailed survey is made to assess the consumption pattern and the existing techniques for energy efficiency. Based on the survey, the feasibility of improving the available systems and adopting new programs in different sectors is investigated. The study reveals the fact that the energy conservation policy of the country has been fairly improved in the last ten years. However the country has to pay more attention to this area and make urgent measures to adopt more energy efficient technologies in various sectors. (author)

Analysis of sectoral energy conservation in Malaysia

International Nuclear Information System (INIS)

Al-Mofleh, Anwar; Taib, Soib; Mujeebu, M. Abdul; Salah, Wael

2009-01-01

The electrical energy consumption in Malaysia has increased sharply in the past few years, and modern energy efficient technologies are desperately needed for the national energy policy. This article presents a comprehensive picture of the current status of energy consumption and various energy conservation options viable for Malaysian environment. A detailed survey is made to assess the consumption pattern and the existing techniques for energy efficiency. Based on the survey, the feasibility of improving the available systems and adopting new programs in different sectors is investigated. The study reveals the fact that the energy conservation policy of the country has been fairly improved in the last ten years. However the country has to pay more attention to this area and make urgent measures to adopt more energy efficient technologies in various sectors.

Projection of energy use and greenhouse gas emissions by motor vehicles in China: Policy options and impacts

International Nuclear Information System (INIS)

Huo Hong; Wang, Michael; Zhang Xiliang; He Kebin; Gong Huiming; Jiang Kejun; Jin Yuefu; Shi Yaodong; Yu Xin

2012-01-01

We project the well-to-wheels (WTW) and tank-to-wheels (TTW) fossil-energy use, petroleum use, and greenhouse gas (GHG) emissions of the road-transport sector in China up to year 2050 and evaluate the effects of various potential policy options with the fuel economy and environmental impacts (FEEI) model ( (http://www.feeimodel.org/)). The policies evaluated include (1) vehicle fuel-consumption improvements, (2) dieselization, (3) vehicle electrification, and (4) fuel diversification, with plausible policy scenarios. Under the business-as-usual scenario, road transport in China would create 410–520 million metric tons (MMT) of oil-equivalent of TTW oil demand (three to four times the current level), 28–36 billion GJ of WTW energy demand, and 1900–2300 MMT of CO 2 -equivalent of WTW GHG emissions by 2050. The policies (in the same order as above) are projected to reduce the TTW oil demand by 35%, 10%, 29%, and 44%, and reduce WTW GHG emissions by 34%, 5%, 12%, and 13%, respectively, by 2050. This evaluation reveals that the fuel-consumption improvement policy could achieve greater benefit in reducing oil use, fossil-energy use, and GHG emissions. Implications of each policy option are discussed and the uncertainties associated with the policy scenarios are analyzed. - Highlights: ► Fuel-cycle energy use and GHG emissions of vehicles in China are projected up to 2050. ► Various policies are evaluated with the fuel economy and environmental impacts model. ► Fuel economy standards have greatest benefit in saving energy use and GHG emissions. ► Electrification is effective. Benefit of dieselization and fuel blending is limited.

Application of the modified Tobin's q to an uncertain energy-saving project with the real options concept

International Nuclear Information System (INIS)

Lin, Tyrone T.; Huang, Shio-Ling

2011-01-01

This paper is to develop a modified Tobin's q evaluation method which successfully combines the evaluation criteria of the traditional Tobin's q and the real options. This study provides flexible thinking for decision making criteria. That is, it clearly provides decision-makers with a reference in choosing enter or exit strategies, such as quantitative indicators references. The proposed model introduces two variables stochastic process in continuous time and explores the impact of the occurrence of unexpected events on the project value, so that, it can more authentically response to the project value. The studied issue deals with the firms that have not established energy-saving equipment yet. It attempts to figure out the optimal timing to adopt an energy-saving investment project when it is beneficial and the optimal timing to terminate it when the continuous operation of that business is unprofitable. The future discounted benefit-cost ratio, Q, follows the geometric Brownian motion with the Poisson jump process and the replacement of investment equipment. Except for the evaluation of energy-saving equipment investment project, the proposed model can be applied to other related project evaluation issues, such as energy-saving, CO 2 emission reduction, or general investment projects. - Research highlights: → Develops an approach which combines the traditional Tobin's q and the real options. → Applies to general energy-saving project or other investment projects. → Can more authentically response to the project value with strategic entry and exit. → Provides flexible thinking for decision making criteria via modified Tobin's q model. → Reduces the model complexity and increases the flexibility in practice application.

Efficient option valuation of single and double barrier options

Science.gov (United States)

Kabaivanov, Stanimir; Milev, Mariyan; Koleva-Petkova, Dessislava; Vladev, Veselin

2017-12-01

In this paper we present an implementation of pricing algorithm for single and double barrier options using Mellin transformation with Maximum Entropy Inversion and its suitability for real-world applications. A detailed analysis of the applied algorithm is accompanied by implementation in C++ that is then compared to existing solutions in terms of efficiency and computational power. We then compare the applied method with existing closed-form solutions and well known methods of pricing barrier options that are based on finite differences.

Pricing of contract options for electric power; Precificacao de contrato de opcoes de energia eletrica

Energy Technology Data Exchange (ETDEWEB)

Takahashi, Leticia; Gunn, Laura Keiko; Correia, Paulo B. [Universidade Estadual de Campinas (FEM/UNICAMP), SP (Brazil). Fac. de Engenharia Mecanica. Dept. de Energia

2008-07-01

The reorganization of the electric sector has improved the opportunity of energy trade through contracts, which have to be considered on the risk evaluation for generating companies. Different types of contracts have been used in electric energy commercialization. This work develops a model for option contract pricing. The classic model of options pricing used in the financial market is based in Black- Scholes. Due to the inherent feature of the Brazilian electrical system, with a strong predominance of hydroelectricity, the seasonal swing of the electricity price is the main source of contractual risk. So, the Black-Scholes model very is not adjusted. To deal with the uncertainties, this work uses an approach based on analysis of scenarios and binomial trees. Case studies are analyzed with binomial tree to calculate the price of the option contract. (author)

Analysis of Illinois Home Performance with ENERGY STAR® Measure Packages

Energy Technology Data Exchange (ETDEWEB)

Baker, J. [Partnership for Advanced Residential Retrofit (PARR), Chicago, IL (United States); Yee, S. [Partnership for Advanced Residential Retrofit (PARR), Chicago, IL (United States); Brand, L. [Partnership for Advanced Residential Retrofit (PARR), Chicago, IL (United States)

2013-09-01

Through the Chicagoland Single Family Housing Characterization and Retrofit Prioritization report, the Partnership for Advanced Residential Retrofit research team characterized 15 housing types in the Chicagoland region based on assessor data, utility billing history, and available data from prior energy efficiency programs. Within these 15 groups, a subset showed the greatest opportunity for energy savings based on BEopt Version 1.1 modeling of potential energy efficiency package options and the percent of the housing stock represented by each group. In this project, collected field data from a whole-home program in Illinois are utilized to compare marketplace-installed measures to the energy saving optimal packages previously developed for the 15 housing types. Housing type, conditions, energy efficiency measures installed, and retrofit cost information were collected from 19 homes that participated in the Illinois Home Performance with ENERGY STAR program in 2012, representing eight of the characterized housing groups. Two were selected for further case study analysis to provide an illustration of the differences between optimal and actually installed measures. Taken together, these homes are representative of 34.8% of the Chicagoland residential building stock. In one instance, actual installed measures closely matched optimal recommended measures.

Modeling Technical Change in Energy System Analysis: Analyzing the Introduction of Learning-by-Doing in Bottom-up Energy Models

Energy Technology Data Exchange (ETDEWEB)

Berglund, Christer; Soederholm, Patrik [Luleaa Univ. of Technology (Sweden). Div. of Economics

2005-02-01

The main objective of this paper is to provide an overview and a critical analysis of the recent literature on incorporating induced technical change in energy systems models. Special emphasis is put on surveying recent studies aiming at integrating learning-by-doing into bottom-up energy systems models through so-called learning curves, and on analyzing the relevance of learning curve analysis for understanding the process of innovation and technology diffusion in the energy sector. The survey indicates that this model work represents a major advance in energy research, and embeds important policy implications, not the least concerning the cost and the timing of environmental policies (including carbon emission constraints). However, bottom-up energy models with endogenous learning are also limited in their characterization of technology diffusion and innovation. While they provide a detailed account of technical options - which is absent in many top-down models - they also lack important aspects of diffusion behavior that are captured in top-down representations. For instance, they fail in capturing strategic technology diffusion behavior in the energy sector, and they neglect important general equilibrium impacts (such as the opportunity cost of redirecting R and D support to the energy sector). For these reasons bottom-up and top-down models with induced technical change should not be viewed as substitutes but rather as complements.

The Influence of Climate Change Considerations on Energy Policy. The Case of Russia

International Nuclear Information System (INIS)

Markandya, A.; Golub, A.; Strukova, E.

2003-10-01

To those working on climate change it is obvious that energy policy should be influenced by climate change considerations. The question that this paper seeks to answer is, to what extent do they influence policy and what contribution can a careful analysis of the costs and benefits of climate change options have on the formulation of that policy. We seek to understand this by looking in some detail at energy policy formulation in Russia. To do so it is necessary to look at the whole set of issues that determine energy policy. These include energy security, macroeconomic and uncertainty factors, local environmental issues and social issues. The analysis has been carried out for a specific case - that of the RF, where energy policy is currently under formulation to 2010. Two options have been looked at: a 'High Coal' option, where there would be a substantial change in fuel mix away from gas to coal; and a 'High Gas' option where the current fuel mix is retained and the increase in demand is met from all sources in proportion to current use. The analysis shows that, at international prices for fuels, the 'High Coal' option is attractive. However, when we include the potential decline of price for natural gas in the European market, the relative preference for this option drops dramatically but it still remains the preferred option. When, account is also taken of the carbon benefits of the High Gas option, using plausible values for carbon, the attraction of the High Coal option is further reduced but not altered. When finally account is taken of the health associated with the lower use of coal in the High Gas option, the preference can be reversed but it requires a critical value for the health benefits. This critical value - at around USD 3,000 for a life year lost - is plausible for the RF, if anything the actual value is probably higher. What the analysis shows is the need for a careful evaluation of the different factors determining energy policy. Among these is

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

Coordinating Demand-Side Efficiency Evaluation, Measurement and Verification Among Western States: Options for Documenting Energy and Non-Energy Impacts for the Power Sector

Energy Technology Data Exchange (ETDEWEB)

Schiller, Steven R. [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Schwartz, Lisa C. [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

2016-06-22

Demand-side energy efficiency (efficiency) represents a low-cost opportunity to reduce electricity consumption and demand and provide a wide range of non-energy benefits, including avoiding air pollution. Efficiency-related energy and non-energy impacts are determined and documented by implementing evaluation, measurement and verification (EM&V) systems. This technical brief describes efficiency EM&V coordination strategies that Western states can consider taking on together, outlines EM&V-related products that might be appropriate for multistate coordination, and identifies some implications of coordination. Coordinating efficiency EM&V activities can save both time and costs for state agencies and stakeholders engaged in efficiency activities and can be particularly beneficial for multiple states served by the same utility. First, the brief summarizes basic information on efficiency, its myriad potential benefits and EM&V for assessing those benefits. Second, the brief introduces the concept of multistate EM&V coordination in the context of assessing such benefits, including achievement of state and federal goals to reduce air pollutants.1 Next, the brief presents three coordination strategy options for efficiency EM&V: information clearinghouse/exchange, EM&V product development, and a regional energy efficiency tracking system platform. The brief then describes five regional EM&V products that could be developed on a multistate basis: EM&V reporting formats, database of consistent deemed electricity savings values, glossary of definitions and concepts, efficiency EM&V methodologies, and EM&V professional standards or accreditation processes. Finally, the brief discusses options for next steps that Western states can take to consider multistate coordination on efficiency EM&V. Appendices provide background information on efficiency and EM&V, as well as definitions and suggested resources on the covered topics. This brief is intended to inform state public

GAMUT: A computer code for γ-ray energy and intensity analysis

International Nuclear Information System (INIS)

Firestone, R.B.

1991-05-01

GAMUT is a computer code to analyze γ-ray energies and intensities. It does a linear least-squares fit of measured γ-ray energies from one or more experiments to the level scheme. GAMUT also performs a non-linear least-squares analysis of branching intensities. For both energy and intensity data, a statistical Chi-square analysis is performed with an iterative uncertainty adjustment. The uncertainties of outlying measured values and sets of measurements with x 2 /f>1 are increased, and the calculation is repeated until the uncertainties are consistent with the fitted values. GAMUT accepts input from standard or special-format ENSDF data sets. The special-format ENSDF data sets were designed to permit analysis of more than one set of measurements associated with a single ENSDF data set. GAMUT prepares a standard ENSDF format output data set containing the adjusted values. If more than one input ENSDF data set is provided, GAMUT creates an ADOPTED LEVELS, GAMMAS data set containing the adjusted level and γ-ray energies and branching intensities from each level normalized to 100 for the strongest γ-ray. GAMUT also provides a summary of the results and an extensive log of the iterative analysis. GAMUT is interactive prompting the user for input and output file names and for default calculation options. This version of GAMUT has adjustable dimensions so that any maximum number of data sets, levels, and γ-rays can be established at the time of implementation. 6 refs

The case study of energy flow analysis and strategy in pulp and paper industry

International Nuclear Information System (INIS)

Chen, Hua-Wei; Hsu, Chung-Hsuan; Hong, Gui-Bing

2012-01-01

The pulp and paper industry is a significant consumer of fossil energy in the Taiwanese manufacturing sector. The concentration of greenhouse gases (GHG) from manufacturing factory activities and vehicle emissions has increased remarkably. Notable energy savings can be achieved in the pulp and paper industry through energy flow analysis. The aim of this paper is to analyze the energy flow for three major energy consuming mills of the pulp and paper industry in Taiwan to make energy savings. In addition, potential technology options are examined for the capture of some of the energy that is currently lost in the processes and to identify the areas of energy saving potential that could have a large impact across more than one industry. The results of this study can serve as a benchmark for developing a quantified list in terms of energy savings potential and opportunities for improving the efficiency of the pulp and paper industry. - Highlights: ► The aim of this paper was to analyze the energy flow for three pulps and paper firms in Taiwan. ► The results were used as the basis for developing a quantified list in terms of energy savings potential. ► Energy flow analysis results can serve as benchmarks for the current pulp and paper making operations.

Synthesis and analysis of a closed cycle methane-fueled marine energy process

International Nuclear Information System (INIS)

Teich, C.I.

1983-01-01

A marine energy system has been synthesized from state-of-the-art technology to convert nuclear derived electricity into liquefied methane. In the first part of the process, the on-board process, liquid methane is burned in a combined gas turbine-steam turbine system to provide propulsion power and the carbon dioxide created during combustion recovered. In the second part of the process, the fuel regeneration process, the methane is regenerated in a centralized land-based facility by the reaction of the recovered carbon dioxide with hydrogen obtained from nuclear-powered electrolysis of water. The system was analyzed by combining thermodynamic available energy analysis and an approximate preliminary design. The available energy analysis of the combined system established the thermodynamic feasibility of the methane-carbon dioxide cycle and resulted in various process improvements because of the inefficiencies disclosed by the analysis. The more critical on-board process was analyzed and developed further by a capital cost optimization and ranking alternate process options by their available energy consumptions. The optimal on-board process, whose capital cost is 16% less than the preliminary design, has an effectiveness of 47% and the fuel regeneration process an effectiveness of 56%. It was also found that the process cost was proportional to the horsepower raised to the seven-tenths power

Baseline energy forecasts and analysis of alternative strategies for airline fuel conservation

Energy Technology Data Exchange (ETDEWEB)

1976-01-01

The objectives of this study were to identify measures to reduce airline fuel consumption and to evaluate the impact of these alternatives on fuel consumption through 1990. To evaluate the impact of fuel conservation strategies, baseline forecasts of airline activity and energy consumption to 1990 were developed. Alternative policy options to reduce fuel consumption were identified and analyzed for three baseline levels of aviation activity within the framework of an aviation activity/energy consumption model. By combining the identified policy options, a strategy was developed to provide incentives for airline fuel conservation. Strategies and policy options were evaluated in terms of their impact on airline fuel conservation and the functioning of the airline industry as well as the associated social, environmental, and economic costs. The need for strategies to conserve airline fuel is based on air transportation's dependence upon petroleum; the current lack of alternative energy sources; the potential for disruption of air service due to crises in fuel availability such as experienced during the OPEC oil embargo; and the overall national goal of energy independence through energy conservation in all consuming sectors. The transition from the current situation to that described by strategies and policy options may require difficult adjustments by the airline industry in the short term. In the long term, however, conservation strategies can enhance the health of the airline industry as well as its fuel efficiency.

The baseline in bottom-up energy efficiency and saving calculations - A concept for its formalisation and a discussion of relevant options

International Nuclear Information System (INIS)

Reichl, Johannes; Kollmann, Andrea

2011-01-01

One of the central variables in bottom-up energy efficiency and saving calculations is the energy consumption baseline. In the evaluation of energy efficiency measures, developing this baseline is a challenging task, which may involve serious problems, especially if the energy service of the analysed subject has changed while the energy efficiency measure was being implemented. In this paper we present a formalised concept of the process of developing the baseline that is flexible enough to deal with various difficulties, such as changes in the levels of the energy services involved. We also discuss the most relevant options for deriving the necessary variables.

Nuclear energy: a necessary option

International Nuclear Information System (INIS)

Robles N, A. G.; Ramirez S, J. R.; Esquivel E, J.

2017-09-01

With the decree of the Energy Reform and with the creation of the Electricity Industry and Energy Transition Laws; nuclear energy is incorporated into these as a source of clean energy. Currently, the share of electricity generation using conventional technologies is 80% and clean technologies of 20% of which hydroelectric plants represent 50% of these. While the operation of hydroelectric, wind, solar plants, etc. have contributed to reduce greenhouse gas emissions (GGE), the global effort to mitigate climate change has not observed the expected results, according to the meeting of COP 21 in Paris, where 196 countries agreed, unanimously, to limit the increase of the temperature at 2 degrees Celsius or less for before the year 2100. In Paris, Mexico voluntarily submitted its national mitigation and adaptation contribution to climate change by issuing 162 M ton of CO 2eq as a goal to 2030, that is a ΔGGE of -22%. This means that the electricity sector should contribute to the reduction of 139 M ton of CO 2eq and a ΔGGE of -31%. According to some experts, the goal of reducing gases for the sector could be achieved during the period defined in the Agreement, provided that the share of clean energies is added as established in the Energy Reform and the Development Program of the National Electric System 2016-2030, which establishes the addition of 35,532 MW (62%) of installed capacity in clean technologies, where nuclear energy participates with 4,191 MW (7%) that is, 2,651 MW more. Thus, this article aims to show the importance of the use of nuclear energy in the electricity sector to reduce GGE, achieve international commitments and combat climate change. (Author)

The Factor Structure in Equity Options

DEFF Research Database (Denmark)

Christoffersen, Peter; Fournier, Mathieu; Jacobs, Kris

Principal component analysis of equity options on Dow-Jones firms reveals a strong factor structure. The first principal component explains 77% of the variation in the equity volatility level, 77% of the variation in the equity option skew, and 60% of the implied volatility term structure across...... equities. Furthermore, the first principal component has a 92% correlation with S&P500 index option volatility, a 64% correlation with the index option skew, and a 80% correlation with the index option term structure. We develop an equity option valuation model that captures this factor structure...

Economy of conservation options in industry and developed environment. Part 2

International Nuclear Information System (INIS)

1994-03-01

To determine the optimal situation for the energy supply in the working area of the IJsselmij and Sep the study on the title subject was carried out. To influence the energy demand demand-side management (DSM) as part of integrated resource planning (IRP) is applied. Several scenarios to determine whether new production capacity must be installed or conservation options and activities should be realized are elaborated and calculated by means of the COMPASS model. E3T compiled input data for the demand-side of the model: energy consumption and energy conservation, investment cost and operational cost per user, number of installations and the development of the penetration of the conservation options between 1990 and 2010, and required subsidies and promotional costs of the IJsselmij to introduce such options. Six of the options were selected and elaborated in detail. The results are presented in this report for the options: coverage of cooling and freezing equipment at night, frequency control of electric motors, decentralized heat production by means of advanced burners, indoor climate control in the built environment, reflectors for TL-lighting systems in the built environment, and behavioral change in industrial companies. In part 1 an overview is given of the economics, the selection and elaboration of the energy conservation options. 9 figs., 53 tabs., 71 refs., 1 appendix

Energy perspectives 2035 - Volume 5, analysis and appraisal of Swiss electricity supplies

International Nuclear Information System (INIS)

Rits, V.; Kirchner, A.

2007-01-01

This comprehensive report published by the Swiss Federal Office of Energy (SFOE) reviews various possibilities for meeting future electricity demands in Switzerland. The effects of these options on total economic costs, the environment and security of supply are described and discussed. The study was carried out quantitatively for the most part and then supplemented in a qualitative manner. The methodical approach to this comprehensive study is discussed. The present situation is noted and possible options for the period up to 2050 are discussed. Electricity supplies from hydropower, nuclear energy, fossil-powered generation and combined heat and power are looked at, as is energy from waste incineration plants and renewable sources of energy. Four energy scenarios are discussed, including the variants 'business as usual', 'increased co-operation', 'new priorities' and 'on the way to a 2000-Watt society'. For certain scenarios, sub-variants are presented and discussed. The scenarios and their variants are then compared with respect to their costs, options for covering possible shortages, technological potentials, emissions, wastes and the need for imports. The authors present their conclusions. The report is completed with an appendix

Cost effectiveness of GHG mitigation options and policy implication

Energy Technology Data Exchange (ETDEWEB)

Lim, K. S. [Korea Institute for Industrial Economics and Trade, Seoul (Korea, Republic of)

1998-04-01

This paper represents the summary findings and conclusions of several studies implemented about microeconomics and macroeconomics marginal costs of GHG abatement policies. Financial, economic, and, where possible, environmental microeconomics costs of reducing GHGs are estimated by a World Bank team. Six energy-related CO{sub 2} mitigation policy options are applied to estimate the macroeconomics costs of GHG emission reduction, the macroeconomics impacts on the Chinese economy. In terms of policy, conservation is a better option to cope with a restrictive mitigation constraint, assuming a developing country can achieve planned energy-saving targets. Without a CO{sub 2} emission constraint or with less restrictive CO{sub 2} emission constraints, however, the simulation results indicate that a conservation strategy may be less attractive than fuel substitution in a developing country, mainly due to the economic dampening effect of reduced production in the energy sectors. This finding suggests that an often-cited costless or negative-cost energy conservation policy may not be a better option when a less restrictive mitigation target is in force. This does not mean that the potential for energy efficiency improvements in a developing country is not worthwhile, but that the overall macroeconomics impacts should be considered before implementing the policy option. (author). 9 refs., 3 figs., 3 tabs.

The Land Value Tax in Jamaica:An Analysis and Options for Reform

OpenAIRE

David L. Sjoquist

2004-01-01

This Working Paper on the property tax contains an Executive Summary and four chapters. In Chapter One we describe how the Jamaican property tax functions. In Chapter Two we present an analysis of various problems and issues that surround of the property tax. Chapter Three, which was co-authored with Ki-Whan Choi, presents an analysis of a land value tax versus a capital value tax. Finally, in Chapter Four we present options for reform.

Perpetual Cancellable American Call Option

OpenAIRE

Emmerling, Thomas J.

2010-01-01

This paper examines the valuation of a generalized American-style option known as a Game-style call option in an infinite time horizon setting. The specifications of this contract allow the writer to terminate the call option at any point in time for a fixed penalty amount paid directly to the holder. Valuation of a perpetual Game-style put option was addressed by Kyprianou (2004) in a Black-Scholes setting on a non-dividend paying asset. Here, we undertake a similar analysis for the perpetua...

U.S. energy policy: The nuclear energy option

International Nuclear Information System (INIS)

Erb, K.

1992-01-01

Thank you for the opportunity to talk about the role of nuclear energy in the President's National Energy Strategy, particularly as it affects your discussions at this International Aging Research Information Conference. Dr. D. Allan Bromley, the President's Science Advisor, asked me to convey to you his interest in your work - he has had a long association with your field - and to express his determination to work to help assure that nuclear energy realizes its potential as a safe, clean source of a substantial portion of our electricity. Dr. Bromley also asked me to read a message to the Conferees assembled here today, and I will do so at the conclusion of my remarks. The National Energy Strategy, or NES, is now just over one year old, and it is rapidly being translated into action. For example, the President's budget request proposes investing over $1.1 billion in FY 1993 toward implementation of the NES, an increase of 39% over our expenditures in 1991, the year the NES was formulated. This budget will support a broad range of activities, including results-oriented R ampersand D on a broad range of energy technologies. The Senate has passed an energy bill containing many of the elements of the NES, and the House is expected to pass a similar bill. But the aspect of the strategy that I want to discuss today is its conclusion that nuclear energy will become an increasingly important component of our energy supply portfolio. The NES reflects the realization that nuclear power provides an attractive means of generating the electricity that will be needed to support our economic growth and consequent improvements in quality of life as we move into the next century

ATR Spent Fuel Options Study

International Nuclear Information System (INIS)

Connolly, Michael James; Bean, Thomas E.; Brower, Jeffrey O.; Luke, Dale E.; Patterson, M. W.; Robb, Alan K.; Sindelar, Robert; Smith, Rebecca E.; Tonc, Vincent F.; Tripp, Julia L.; Winston, Philip L.

2017-01-01

The Advanced Test Reactor (ATR) is a materials and fuels test nuclear reactor that performs irradiation services for the U.S. Department of Energy (DOE) Office of Nuclear Energy (NE), Naval Reactors, the National Nuclear Security Administration (NNSA), and other research programs. ATR achieved initial criticality in 1967 and is expected to operate in support of needed missions until the year 2050 or beyond. It is anticipated that ATR will generate approximately 105 spent nuclear fuel (SNF) elements per year through the year 2050. Idaho National Laboratory (INL) currently stores 2,008 ATR SNF elements in dry storage, 976 in wet storage, and expects to have 1,000 elements in wet storage before January 2017. A capability gap exists at INL for long-term (greater than the year 2050) management, in compliance with the Idaho Settlement Agreement (ISA), of ATR SNF until a monitored retrievable geological repository is open. INL has significant wet and dry storage capabilities that are owned by the DOE Office of Environmental Management (EM) and operated and managed by Fluor Idaho, which include the Idaho Nuclear Technology and Engineering Center's (INTEC's) CPP-666, CPP-749, and CPP-603. In addition, INL has other capabilities owned by DOE-NE and operated and managed by Battelle Energy Alliance, LLC (BEA), which are located at the Materials and Fuel Complex (MFC). Additional storage capabilities are located on the INL Site at the Naval Reactors Facility (NRF). Current INL SNF management planning, as defined in the Fluor Idaho contract, shows INTEC dry fuel storage, which is currently used for ATR SNF, will be nearly full after transfer of an additional 1,000 ATR SNF from wet storage. DOE-NE tasked BEA with identifying and analyzing options that have the potential to fulfill this capability gap. BEA assembled a team comprised of SNF management experts from Fluor Idaho, Savannah River Site (SRS), INL/BEA, and the MITRE Corp with an objective of developing and analyzing

ATR Spent Fuel Options Study

Energy Technology Data Exchange (ETDEWEB)

Connolly, Michael James [Idaho National Lab. (INL), Idaho Falls, ID (United States); Bean, Thomas E. [Idaho National Lab. (INL), Idaho Falls, ID (United States); Brower, Jeffrey O. [Idaho National Lab. (INL), Idaho Falls, ID (United States); Luke, Dale E. [Idaho National Lab. (INL), Idaho Falls, ID (United States); Patterson, M. W. [Idaho National Lab. (INL), Idaho Falls, ID (United States); Robb, Alan K. [Idaho National Lab. (INL), Idaho Falls, ID (United States); Sindelar, Robert [Idaho National Lab. (INL), Idaho Falls, ID (United States); Smith, Rebecca E. [Idaho National Lab. (INL), Idaho Falls, ID (United States); Tonc, Vincent F. [Idaho National Lab. (INL), Idaho Falls, ID (United States); Tripp, Julia L. [Idaho National Lab. (INL), Idaho Falls, ID (United States); Winston, Philip L. [Idaho National Lab. (INL), Idaho Falls, ID (United States)

2017-01-01

The Advanced Test Reactor (ATR) is a materials and fuels test nuclear reactor that performs irradiation services for the U.S. Department of Energy (DOE) Office of Nuclear Energy (NE), Naval Reactors, the National Nuclear Security Administration (NNSA), and other research programs. ATR achieved initial criticality in 1967 and is expected to operate in support of needed missions until the year 2050 or beyond. It is anticipated that ATR will generate approximately 105 spent nuclear fuel (SNF) elements per year through the year 2050. Idaho National Laboratory (INL) currently stores 2,008 ATR SNF elements in dry storage, 976 in wet storage, and expects to have 1,000 elements in wet storage before January 2017. A capability gap exists at INL for long-term (greater than the year 2050) management, in compliance with the Idaho Settlement Agreement (ISA), of ATR SNF until a monitored retrievable geological repository is open. INL has significant wet and dry storage capabilities that are owned by the DOE Office of Environmental Management (EM) and operated and managed by Fluor Idaho, which include the Idaho Nuclear Technology and Engineering Center’s (INTEC’s) CPP-666, CPP-749, and CPP-603. In addition, INL has other capabilities owned by DOE-NE and operated and managed by Battelle Energy Alliance, LLC (BEA), which are located at the Materials and Fuel Complex (MFC). Additional storage capabilities are located on the INL Site at the Naval Reactors Facility (NRF). Current INL SNF management planning, as defined in the Fluor Idaho contract, shows INTEC dry fuel storage, which is currently used for ATR SNF, will be nearly full after transfer of an additional 1,000 ATR SNF from wet storage. DOE-NE tasked BEA with identifying and analyzing options that have the potential to fulfill this capability gap. BEA assembled a team comprised of SNF management experts from Fluor Idaho, Savannah River Site (SRS), INL/BEA, and the MITRE Corp with an objective of developing and analyzing

Policy options for stabilizing global climate

International Nuclear Information System (INIS)

Lashof, D.A.; Tirpak, D.A.

1990-12-01

This report to congress by the US EPA explains the greenhouse effect and its influence on global climate. It outlines the trends in the greenhouse gases - their concentration history, distribution, sources and sinks and chemical and radiative properties. Climate change processes are discussed including climate feedbacks. Human activities affecting trace gases and climate are explained, followed by a chapter on the technical options for reducing greenhouse gas emissions which looks at energy services, energy supply, industry, forestry and agriculture. The future is considered, and the final chapters are concerned with policy options and international cooperation to reduce greenhouse gas emissions. 934 refs., 102 figs., 84 tabs

A new option for exploitage of future nuclear energy. Accelerator driven radioactive clean nuclear power system

International Nuclear Information System (INIS)

Ding Dazhao

2000-01-01

Nuclear energy is an effective, clean and safe energy resource. But some shortages of the nuclear energy system presently commercial available obstruct further development of the nuclear energy by heavy nuclear fission. Those are final disposal of the high level radioactive waste, inefficient use of the uranium resource and safety issue of the system. Innovative technical option is seeking for by the nuclear scientific community in recent ten years in aiming to overcome these obstacles, namely, accelerator driven sub-critical system (ADS). This hybrid system may bridge over the gap between presently commercial available nuclear power system and the full exploitation of the fusion energy. The basic principle of ADS is described and its capability in waste transmutation, conversion of the nuclear fuel are demonstrated by two examples--AD-fast reactor and AD-heavy water thermal reactor. The feasibility of ADS and some projects in US, Japan, etc are briefly discussed. The rationale in promoting the R and D of ADS in China is emphasized as China is at the beginning stage of its ambitious project in construction of the nuclear power

A Kramers-Moyal approach to the analysis of third-order noise with applications in option valuation.

Science.gov (United States)

Popescu, Dan M; Lipan, Ovidiu

2015-01-01

We propose the use of the Kramers-Moyal expansion in the analysis of third-order noise. In particular, we show how the approach can be applied in the theoretical study of option valuation. Despite Pawula's theorem, which states that a truncated model may exhibit poor statistical properties, we show that for a third-order Kramers-Moyal truncation model of an option's and its underlier's price, important properties emerge: (i) the option price can be written in a closed analytical form that involves the Airy function, (ii) the price is a positive function for positive skewness in the distribution, (iii) for negative skewness, the price becomes negative only for price values that are close to zero. Moreover, using third-order noise in option valuation reveals additional properties: (iv) the inconsistencies between two popular option pricing approaches (using a "delta-hedged" portfolio and using an option replicating portfolio) that are otherwise equivalent up to the second moment, (v) the ability to develop a measure R of how accurately an option can be replicated by a mixture of the underlying stocks and cash, (vi) further limitations of second-order models revealed by introducing third-order noise.

Wind energy: A renewable energy option

Science.gov (United States)

Zimmerman, J. S.

1977-01-01

Wind turbine generator research programs administered by the Energy Research and Development Administration are examined. The design and operation of turbine demonstration models are described. Wind assessments were made to determine the feasibility of using wind generated power for various parts of the country.

Policy options for sustainable energy use in a general model of the UK economy

International Nuclear Information System (INIS)

Barker, T.; Ekins, P.; Johnstone, N.

1996-01-01

A quantitative general economic model has been developed for options available in greenhouse gas abatement policy concerning energy use. It has been applied in three exercises to explore the effects of energy taxes on the United Kingdom economy. One of these examined the effect of the proposed European Commission carbon/energy tax; the second attempts to set out a policy framework which would enable the UK to reach the IPCC target of 60% reduction in CO 2 emissions by 2040 and explores the economic implications; the third compares the proposal of the UK government to levy VAT on domestic fuel with the EC carbon/energy tax. Additionally, estimates have been made of the secondary benefits of reducing CO 2 emissions. The results present a striking contrast to much of the literature. They include the conclusions that: the EC carbon/energy tax would have negligible macroeconomic effects on the UK economy providing revenues were recycled in such a way as to neutralise inflation; reduction of UK CO 2 emissions by 60% would not necessarily cause great economic disruption; the secondary benefits of reducing CO 2 emissions are of sufficient size to alter radically the benefit cost profile of carbon abatement; equity and efficiency should be regarded as complementary, not competing, objectives in the abatement of CO 2 emissions from the domestic sector. (UK)

DMRC studies geothermal energy options

Energy Technology Data Exchange (ETDEWEB)

NONE

2008-03-01

The Deep Mining Research Consortium (DMRC) is an industry-led research consortium that includes Vale Inco, Xstrata, Rio Tinto, Goldcorp, Agnico-Eagle, Barrick Gold, CANMET and the City of Sudbury. This article reported on the application of geothermal energy technologies to cool deep mine workings and use the heat from underground to produce energy to heat surface buildings. Researchers at the University of British Columbia's Centre for Environmental Research in Minerals, Metals and Materials have proposed the use of heat pumps and water-to-air heat exchangers at depth to chill mine workings. The heat pumps would act as refrigerators, taking heat from one area and moving it elsewhere. The purpose would be to extract heat from naturally occurring ground water and pass the chilled water through a heat exchanger to cool the air. The heated water would then be pumped to surface and used to heat surface facilities. The technology is well suited for using geothermal energy from decommissioned mines for district heating. The technology has been successfully used in Spring Hill, Nova Scotia, where geothermal energy from a decommissioned coal mine is used to heat an industrial park. A feasibility study is also underway for the city of Yellowknife in the Northwest Territories to produce up to 10 megawatts of heat from the Con Gold Mine, enough energy to heat half of Yellowknife. Geothermal energy can also be used to generate electricity, particularly in the Pacific Rim where underground temperatures are higher and closer to surface. In Sudbury Ontario, the enhanced geothermal systems technology would require two holes drilled to a depth of four kilometers. The ground between the two holes should be fractured to create an underground geothermal circuit. Geothermal energy does not produce any greenhouse gases or chemical wastes. 1 fig.

77 FR 19278 - Informational Meeting on Nuclear Fuel Cycle Options

Science.gov (United States)

2012-03-30

... DEPARTMENT OF ENERGY Informational Meeting on Nuclear Fuel Cycle Options AGENCY: Office of Fuel... activities leading to a comprehensive evaluation and screening of nuclear fuel cycle options in 2013. At this... fuel cycle options developed for the evaluation and screening provides a comprehensive representation...

Evaluation of food waste disposal options by LCC analysis from the perspective of global warming: Jungnang case, South Korea

International Nuclear Information System (INIS)

Kim, Mi-Hyung; Song, Yul-Eum; Song, Han-Byul; Kim, Jung-Wk; Hwang, Sun-Jin

2011-01-01

Highlights: → Various food waste disposal options were evaluated from the perspective of global warming. → Costs of the options were compared by the methodology of life cycle assessment and life cycle cost analysis. → Carbon price and valuable by-products were used for analyzing environmental credits. → The benefit-cost ratio of wet feeding scenario was the highest. - Abstract: The costs associated with eight food waste disposal options, dry feeding, wet feeding, composting, anaerobic digestion, co-digestion with sewage sludge, food waste disposer, incineration, and landfilling, were evaluated in the perspective of global warming and energy and/or resource recovery. An expanded system boundary was employed to compare by-products. Life cycle cost was analyzed through the entire disposal process, which included discharge, separate collection, transportation, treatment, and final disposal stages, all of which were included in the system boundary. Costs and benefits were estimated by an avoided impact. Environmental benefits of each system per 1 tonne of food waste management were estimated using carbon prices resulting from CO 2 reduction by avoided impact, as well as the prices of by-products such as animal feed, compost, and electricity. We found that the cost of landfilling was the lowest, followed by co-digestion. The benefits of wet feeding systems were the highest and landfilling the lowest.

Energy Sector Market Analysis

Energy Technology Data Exchange (ETDEWEB)

Arent, D.; Benioff, R.; Mosey, G.; Bird, L.; Brown, J.; Brown, E.; Vimmerstedt, L.; Aabakken, J.; Parks, K.; Lapsa, M.; Davis, S.; Olszewski, M.; Cox, D.; McElhaney, K.; Hadley, S.; Hostick, D.; Nicholls, A.; McDonald, S.; Holloman, B.

2006-10-01

This paper presents the results of energy market analysis sponsored by the Department of Energy's (DOE) Weatherization and International Program (WIP) within the Office of Energy Efficiency and Renewable Energy (EERE). The analysis was conducted by a team of DOE laboratory experts from the National Renewable Energy Laboratory (NREL), Oak Ridge National Laboratory (ORNL), and Pacific Northwest National Laboratory (PNNL), with additional input from Lawrence Berkeley National Laboratory (LBNL). The analysis was structured to identify those markets and niches where government can create the biggest impact by informing management decisions in the private and public sectors. The analysis identifies those markets and niches where opportunities exist for increasing energy efficiency and renewable energy use.

Energy Recovery from Scrap Tires: A Sustainable Option for Small Islands like Puerto Rico

Directory of Open Access Journals (Sweden)

Eddie N. Laboy-Nieves

2014-05-01

Full Text Available Puerto Rico generates and disposes nearly five million/year scrap tires (ST, of which 4.2% is recycled and 80% is exported. The Island has one of the world highest electrical service tariff ($0.28 kWh, because of its dependency on fossil fuels for power generation. The Government has not considered ST for electricity production, despite more than 13,000 ST are generated daily, and paradoxically exported for that purpose. Theoretically, if ST recycling increases to 10% and assuming that the caloric value of ST be 33 MJ/kg, it was estimated that scrap tires processed with pyrolysis can supply annually about 379 MWh, a potential value that shall not be unnoticed. This paper is a literature review to describe the legal, technical, and economic framework for the viability of ST for power generation in Puerto Rico using pyrolysis, the most recommended process for ST energy recovery. Data of ST from Puerto Rico was used to model the potential of ST for pyrolytic energy conversion. The herein article is intended to invite other insular countries and territories, to join efforts with the academic and scientific community, and with the energy generation sector, to validate ST as a sustainable option for energy generation.

Crude oil options market found to be efficient

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that the U.S. crude oil options market operates efficiently and does not overreact. The authors, with the JFK School of Government, studied the crude oil options market under a Department of Energy grant. The current market was created in November 1986 when the New York Mercantile Exchange introduced an options contract for delivery of West Texas intermediate crude futures. it has grown greatly since then