WorldWideScience

Sample records for total energy investment

  1. Total and EDF invest

    International Nuclear Information System (INIS)

    Signoret, St.

    2008-01-01

    So as to prepare the future of their industrial sector,the Total company plans to invest (14 billion Euros in 2008) to increase its production capacities and strengthen in of other activities as the liquefied natural gas and the renewable energies; EDF plans to inject 35 billion Euros over three years to multiply the new projects of power plants (wind turbines, coal in Germany, gas in Great Britain and nuclear power in Flamanville). EDF wants to exploit its knowledge of leader to run more than ten E.P.R.(European pressurized water reactor) in the world before 2020, projects are in examination with China, Great Britain, South Africa and United States. (N.C.)

  2. 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

  3. Action Investment Energy Games

    DEFF Research Database (Denmark)

    Larsen, Kim Guldstrand; Laursen, Simon; Srba, Jiri

    2012-01-01

    We introduce the formalism of action investment energy games where we study the trade-off between investments limited by given budgets and resource constrained (energy) behavior of the underlying system. More specifically, we consider energy games extended with costs of enabling actions and fixed...... budgets for each player. We ask the question whether for any Player 2 investment there exists a Player 1 investment such that Player 1 wins the resulting energy game. We study the action investment energy game for energy intervals with both upper and lower bounds, and with a lower bound only, and give...

  4. Energy Investment: Beyond Competence

    Science.gov (United States)

    Tosti, Donald T.; Amarant, John

    2005-01-01

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

  5. Local investment in renewable energies

    International Nuclear Information System (INIS)

    2003-11-01

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

  6. Energy Investment Allowance. Energy List 2000

    International Nuclear Information System (INIS)

    2000-01-01

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

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

    International Nuclear Information System (INIS)

    Cattier, F.

    2003-01-01

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

  8. Summary of the World Energy Investment Outlook 2003

    International Nuclear Information System (INIS)

    2004-01-01

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

  9. Local investment in renewable energies

    International Nuclear Information System (INIS)

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

    2003-01-01

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

  10. Market conditions affecting energy efficiency investments

    International Nuclear Information System (INIS)

    Seabright, J.

    1996-01-01

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

  11. The total energy policy in Flanders

    International Nuclear Information System (INIS)

    Bouma, J.W.J.

    1994-01-01

    The policy of the Flemish region (Belgium) with regard to the total energy principle are presented. An overview of the main policy instruments to support energy saving and environmental-friendly investments as well as the development of new technologies is given. The total energy policy of the Flanders Region forms part of the general Flemish (energy) policy. (A.S.)

  12. Energy investment in developing countries

    International Nuclear Information System (INIS)

    Rovani, Y.

    1982-01-01

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

  13. Economic Efficiency and Investment Implementation in Energy Saving Projects

    Directory of Open Access Journals (Sweden)

    Venelin Terziev

    2017-09-01

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

  14. INVESTING IN THE GLOBAL ENERGY: KEY TRENDS

    Directory of Open Access Journals (Sweden)

    A. Stepanova

    2016-06-01

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

  15. Mobilising Investment in Energy Efficiency

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-07-01

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

  16. Investment in Renewable Energies in Argentina

    OpenAIRE

    Marina Recalde

    2017-01-01

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

  17. Investment in Renewable Energies in Argentina

    Directory of Open Access Journals (Sweden)

    Marina Recalde

    2017-05-01

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

  18. Investing in Energy Efficiency. Removing the Barriers

    International Nuclear Information System (INIS)

    2004-01-01

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

  19. EU policy objectives and energy investment decisions

    OpenAIRE

    Alario, Juan

    2007-01-01

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

  20. Nuclear energy and investment requirements

    International Nuclear Information System (INIS)

    Voeltzel, D.

    1978-01-01

    The author assesses the investment requirements of the French nuclear programme within the framework of the national economy. He then evokes the means of financing these requirements as well as drawing attention to certain constraints which must be taken into account [fr

  1. FINANCING RENEWABLE ENERGY SOURCES INVESTMENT IN POLAND

    Directory of Open Access Journals (Sweden)

    Jerzy Piotr Gwizdała

    2017-09-01

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

  2. SOLAR ENERGY: A NECESSARY INVESTMENT IN A ...

    African Journals Online (AJOL)

    Dr Obe

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

  3. Renewable energy investment: Policy and market impacts

    International Nuclear Information System (INIS)

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

    2012-01-01

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

  4. 76 FR 2029 - Small Business Investment Companies-Energy Saving Qualified Investments

    Science.gov (United States)

    2011-01-12

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

  5. Tool to Prioritize Energy Efficiency Investments

    Energy Technology Data Exchange (ETDEWEB)

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

    2012-08-01

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

  6. Investing in the Energy Sector: An Issue of Governance

    International Nuclear Information System (INIS)

    Horst Keppler, J.; Schulke, Ch.

    2009-01-01

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

  7. Leveraging investments for energy savings

    Energy Technology Data Exchange (ETDEWEB)

    Tonnos, A. [Bestech, Sudbury, ON (Canada)

    2008-07-01

    This paper described the application of a computerized energy management program at a 40-year old mine in Ontario. The purpose of the project was to implement standards that promote process owner accountability, employee engagement, and the development of sustainable systems within the mine's administrative core. The program was developed to consider key parameters in the mine's energy consumption, including ventilation, compressed air, and process water. An account center monthly overview function was used. A breakdown of the account center by process was also provided. The system also used historical plotting capabilities. Use of the system meant that leaks could be detected by monitoring irregularities in underground readings. An alarm search page was also provided for control room operators. Parameters were presented for each alarm in order to identify contacts and procedures. System upgrades to the program were performed remotely. The program is available for installation at other mines. tabs., figs.

  8. Energy Return on Investment - Fuel Recycle

    International Nuclear Information System (INIS)

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

    2012-01-01

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

  9. Financing energy investments in the economies in transition

    International Nuclear Information System (INIS)

    Brendow, C.

    1997-01-01

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

  10. Valuing the attributes of renewable energy investments

    International Nuclear Information System (INIS)

    Bergmann, Ariel; Hanley, Nick; Wright, Robert

    2006-01-01

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

  11. Valuing the attributes of renewable energy investments

    Energy Technology Data Exchange (ETDEWEB)

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

    2006-06-15

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

  12. Local investment in renewable energies - European experiences

    International Nuclear Information System (INIS)

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

    2004-01-01

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

  13. Profiles of foreign direct investment in US energy, 1991

    International Nuclear Information System (INIS)

    1993-01-01

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

  14. Profiles of foreign direct investment in US energy, 1990

    International Nuclear Information System (INIS)

    1992-01-01

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

  15. The local investment in renewable energies

    International Nuclear Information System (INIS)

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

    2003-01-01

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

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

    International Nuclear Information System (INIS)

    Johnson, B.E.

    1994-01-01

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

  17. Energy investments as foreseen by the IEA

    International Nuclear Information System (INIS)

    Anon.

    2004-01-01

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

  18. Energy price uncertainty, energy intensity and firm investment

    International Nuclear Information System (INIS)

    Yoon, Kyung Hwan; Ratti, Ronald A.

    2011-01-01

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

  19. Energy investments and ways of financing them

    International Nuclear Information System (INIS)

    Diel, R.

    1975-01-01

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

  20. Relating Financial and Energy Return on Investment

    Directory of Open Access Journals (Sweden)

    Carey W. King

    2011-10-01

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

  1. 77 FR 54777 - Accelerating Investment in Industrial Energy Efficiency

    Science.gov (United States)

    2012-09-05

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

  2. Transnational Energy Companies' Investment Allocation Decisions

    International Nuclear Information System (INIS)

    Osmundsen, Petter; Emhjellen, Magne; Halleraker, Morten

    2001-10-01

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

  3. Including climate change in energy investment decisions

    International Nuclear Information System (INIS)

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

    1995-08-01

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

  4. Energy conservation investments: A comparison between China and the US

    International Nuclear Information System (INIS)

    Lin, Jiang

    2007-01-01

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

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

    Directory of Open Access Journals (Sweden)

    Amy Tang

    2014-06-01

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

  6. Factors influencing energy efficiency investments in existing Swedish residential buildings

    International Nuclear Information System (INIS)

    Nair, Gireesh; Gustavsson, Leif; Mahapatra, Krushna

    2010-01-01

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

  7. Investment in the Western Hemisphere energy market

    International Nuclear Information System (INIS)

    Gillam, P.J.

    1991-01-01

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

  8. Offshore wind energy, who will risk investment?

    International Nuclear Information System (INIS)

    Dupin, Ludovic; Moragues, Manuel

    2013-01-01

    As Europe plans to install 40 GW of offshore wind energy production by 2020 and only 5 GW are already installed, investment is a crucial issue for a still immature industry and in a context where risk management is critical, notably during construction (harsh working conditions, costs of construction, of maintenance and costs related to delays). Other aspects are also related to financial risks like, for example, the cost of offshore wind farm connection to the grid (this has been an underestimated issue in Germany). Then operation and exploitation have to face climate events although, according to relatively recent exploitation data, availability is quite good. The durability of political support is not so sure in a context of political and regulatory instability and of economic crisis. In France, after the first bidding, the wind energy industrial sector is emerging and many small and medium companies enter this activity in the trail of Areva and Alstom, with thousands of job creations and export perspectives. Some offshore wind turbines are briefly presented (by Alstom, Areva, RE Power, Siemens and Vestas)

  9. Institutional total energy case studies

    Energy Technology Data Exchange (ETDEWEB)

    Wulfinghoff, D.

    1979-07-01

    Profiles of three total energy systems in institutional settings are provided in this report. The plants are those of Franciscan Hospital, a 384-bed facility in Rock Island, Illinois; Franklin Foundation Hospital, a 100-bed hospital in Franklin, Louisiana; and the North American Air Defense Command Cheyenne Mountain Complex, a military installation near Colorado Springs, Colorado. The case studies include descriptions of plant components and configurations, operation and maintenance procedures, reliability, relationships to public utilities, staffing, economic efficiency, and factors contributing to success.

  10. Promoting energy efficiency investments with risk management decision tools

    International Nuclear Information System (INIS)

    Jackson, Jerry

    2010-01-01

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

  11. Engineered Geothermal Systems Energy Return On Energy Investment

    Energy Technology Data Exchange (ETDEWEB)

    Mansure, A J

    2012-12-10

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

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

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

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

  13. Methodology of investment effectiveness evaluation in the local energy market

    Energy Technology Data Exchange (ETDEWEB)

    Kamrat, W.

    1999-07-01

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

  14. THE CONDITIONS OF INVESTMENTS IN RENEWABLE ENERGY IN POLAND

    OpenAIRE

    Grzegorz Masloch

    2009-01-01

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

  15. Investment requirements in the energy sector and their financing

    International Nuclear Information System (INIS)

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

    1980-01-01

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

  16. Investment requirements in the energy sector and their financing

    Energy Technology Data Exchange (ETDEWEB)

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

    1980-01-01

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

  17. Aligning Utility Incentives with Investment in Energy Efficiency

    Science.gov (United States)

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

  18. RESEARCH OF GLOBAL NEW INVESTMENT IN RENEWABLE ENERGY

    Directory of Open Access Journals (Sweden)

    О. Chernyak

    2015-10-01

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

  19. Attractiveness Evaluation of Investment in Wind Energy Projects

    Directory of Open Access Journals (Sweden)

    Paulius Rudzkis

    2012-07-01

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

  20. 77 FR 23373 - Small Business Investment Companies-Energy Saving Qualified Investments

    Science.gov (United States)

    2012-04-19

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

  1. Optimal Investment Planning of Bulk Energy Storage Systems

    Directory of Open Access Journals (Sweden)

    Dina Khastieva

    2018-02-01

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

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

    Science.gov (United States)

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

    2012-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-01-15

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

  4. RENEWABLE ENERGY INVESTMENTS DURING 2004-2015 PERIOD

    Directory of Open Access Journals (Sweden)

    Brîndușa COVACI

    2016-12-01

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

  5. Peak loads and network investments in sustainable energy transitions

    Energy Technology Data Exchange (ETDEWEB)

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

    2011-10-15

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

  6. Peak loads and network investments in sustainable energy transitions

    International Nuclear Information System (INIS)

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

    2011-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2004-07-01

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

  8. Energy investment advisory series No. 3: Investment opportunities in the Persian Gulf energy sector

    Energy Technology Data Exchange (ETDEWEB)

    Hadgen, R.E.

    1994-12-01

    Sometimes the greatest investment opportunities are in those areas where the least progress seems to be taking place. This report describes energy-based developments taking place in the Persian/Arabian Gulf. The 8 Gulf states are building their nations; each has large minority groups and swelling populations; their economies are built on one product (hydrocarbons). Large expatriate populations, being integrated into local societies and economies, have led to hostility and guarded access to contacts with the outside world. Gulf nations cannot benefit from any oil price rise as they did in the past, as their populations have grown too rapidly. Policies change daily and can be changed back to original ones as well as into new ones. Since the oil and gas industries are the primary source of government revenue, oil and gas are likely to remain longest under government control. A breakdown of energy-base investment potentials in the Middle East is tabulated: upstream oil, refining, domestic oil marketing, upstream gas, LNG, electricity, petrochemical.

  9. Factors influencing energy efficiency investments in existing Swedish residential buildings

    Energy Technology Data Exchange (ETDEWEB)

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

    2010-06-15

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

  10. Structure of financing investments in the energy sector

    Directory of Open Access Journals (Sweden)

    Kowal Barbara

    2017-01-01

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

  11. Why do manufacturing industries invest in energy R&D?

    OpenAIRE

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

    2017-01-01

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

  12. Optimal Time to Invest Energy Storage System under Uncertainty Conditions

    Directory of Open Access Journals (Sweden)

    Yongma Moon

    2014-04-01

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

  13. Valuing uncertain cash flows from investments that enhance energy efficiency.

    Science.gov (United States)

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

    2013-02-15

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

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

    Directory of Open Access Journals (Sweden)

    Antonio Angelo Romano

    2011-01-01

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

  15. Financial investments for zero energy houses

    DEFF Research Database (Denmark)

    Lepkova, Natalija; Zubka, Domantas; Jensen, Rasmus Lund

    2014-01-01

    The climate is constantly changing and is already affecting our future. The construction sector has become energy-intensive and a serious source of pollution. Today, houses use more energy and fossil fuels than ever before. In fact, buildings currently consume more than one-third of all energy......, but single-family houses should also be included in the renovation process and turned into zero energy buildings, which will be the standard in the near future of today’s construction sector. Read about the list of conclusions the investigations of a renovation project of a detached house into a nearzero...

  16. Optimized design of total energy systems: The RETE project

    Science.gov (United States)

    Alia, P.; Dallavalle, F.; Denard, C.; Sanson, F.; Veneziani, S.; Spagni, G.

    1980-05-01

    The RETE (Reggio Emilia Total Energy) project is discussed. The total energy system (TES) was developed to achieve the maximum quality matching on the thermal energy side between plant and user and perform an open scheme on the electrical energy side by connection with the Italian electrical network. The most significant qualitative considerations at the basis of the plant economic energy optimization and the selection of the operating criterion most fitting the user consumption characteristics and the external system constraints are reported. The design methodology described results in a TES that: in energy terms achieves a total efficiency evaluated on a yearly basis to be equal to about 78 percent and a fuel saving of about 28 percent and in economic terms allows a recovery of the investment required as to conventional solutions, in about seven years.

  17. 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)

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

    OpenAIRE

    Stephen J. Decanio; William E. Watkins

    1998-01-01

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

  19. The European investment bank and financing the installation of urban refuse treatment plants with energy recovery

    International Nuclear Information System (INIS)

    Marty-Gauquie, H.

    1992-01-01

    The European Investment Bank (BEI), the world's leading international financing institution, with an annual loans total of 15.3 billion Ecus in 1991, every year finances a number of projects for the treatment of refuse, with energy recovery from waste and heat distribution. This article describes the missions of the BEI and the parameters taken into account for authorizing investment. (author). 2 figs., 2 tabs

  20. Trade and investment rules for energy

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2009-09-15

    Rules that govern energy trade is an issue that has generated increasing concern everywhere, from the standpoint of both the security of supply for consumers and security of demand for suppliers. This concern reflects the importance of rules that comprehensively address the needs from supply and demand point of view and integrate the international fabric of energy trade. The GATT and the WTO Agreement define trans-border movement of energy but leave many aspects unclear, particularly as efforts accelerate to control carbon emissions. This timely report by a WEC Task Force of experts with legal standing in the energy business identifies the most pressing issues relating to energy trade and suggests actions and measures which, if implemented, would provide clarity and answer many questions. More importantly, these measures would strengthen the WTO and coming rounds of negotiations.

  1. How the world should invest in energy efficiency

    International Nuclear Information System (INIS)

    Farrell, D.; Remes, J.K.

    2008-01-01

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

  2. Energy investments facing market risk and public policies

    International Nuclear Information System (INIS)

    Bobtcheff, C.

    2005-01-01

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

  3. Total energy system in the future

    International Nuclear Information System (INIS)

    Hijikata, K.

    1994-01-01

    The possibility of improving the thermal efficiency of energy systems from an exergy point of view is discussed. In total energy systems, we should employ multi-pass recycling consisting of thermal and chemical energies. The recycling system is supported by electrical energy, which is provided by a renewable energy source or by excess commercial electric power. This total energy system should be considered not only in one country, but all around the globe. (author). 6 figs., 4 tabs., 8 refs

  4. Energy return on investment for aquaponics

    DEFF Research Database (Denmark)

    Atlason, Reynir Smari; Danner, Ragnar; Unnthorsson, Runar

    2017-01-01

    ) is the ratio between the energy used to construct and maintain a given system, against the energy that is provided by the system. Aquaponic systems have environmental benefits over conventional aquaculture systems as the waste is used within the system as fertilizer for plants. In this paper, we analyse...... the operational performance of three aquaponic systems. Two systems were located in Iceland, and one in northern Spain. We also analyse the energy output with respect to edible protein contents. The EROI of the Hondarribia, Sudarvogur and Akur systems was 0.055, 0.016 and 0.106 respectively after 10 years...... of partially simulated operation. Our results indicate that aquaponic operations benefit from operating within a greenhouse and that direct electricity consumption is the largest energy input in the aquaponics systems....

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

    Science.gov (United States)

    Huang, Yiling

    2017-08-01

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

  6. Integrating energy and environmental goals. Investment needs and technology options

    International Nuclear Information System (INIS)

    2004-04-01

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

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

    International Nuclear Information System (INIS)

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

    2014-01-01

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

  8. Technique of calculating the total effectiveness of capital investments and basic funds in the gas industry

    Energy Technology Data Exchange (ETDEWEB)

    Shamis, L V

    1978-01-01

    An examination is made of the method of calculating and using the indicators for total effectiveness of capital investments of the gas industry. Fundamentals of the calculations assume modeling the effectiveness of reproduction of the basic production funds of the sector. An example is given of calculating the long-term coefficient for total effectiveness.

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

    International Nuclear Information System (INIS)

    Panzone, Luca A.

    2013-01-01

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

  10. Stimulating Investments in Energy Efficiency Through Supply Chain Integration

    Directory of Open Access Journals (Sweden)

    Beatrice Marchi

    2018-04-01

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

  11. 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

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

    International Nuclear Information System (INIS)

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

    2014-01-01

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

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

    OpenAIRE

    Adetiloye, Idowu Adejoke

    2014-01-01

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

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

    Directory of Open Access Journals (Sweden)

    A. Restuccia

    2013-09-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    Dooley, James J.

    2010-11-08

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

  16. Evaluating investments in renewable energy under policy risks

    International Nuclear Information System (INIS)

    Gatzert, Nadine; Vogl, Nikolai

    2016-01-01

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

  17. Investment requirements in the energy sector and their financing

    Energy Technology Data Exchange (ETDEWEB)

    Diel, R; Radtke, G; Stoesel, R

    1981-06-01

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

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

    Science.gov (United States)

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

    2005-05-01

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

  19. Profiles of foreign direct investment in US energy, 1992

    International Nuclear Information System (INIS)

    1994-01-01

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

  20. Profiles of foreign direct investment in US energy, 1992

    Energy Technology Data Exchange (ETDEWEB)

    1994-05-16

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2013-12-01

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

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

    International Nuclear Information System (INIS)

    Bhattacharya, Anindya; Kojima, Satoshi

    2012-01-01

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

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

    International Nuclear Information System (INIS)

    Kamiński, Tomasz

    2017-01-01

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

  4. Marginal costs and co-benefits of energy efficiency investments

    International Nuclear Information System (INIS)

    Jakob, Martin

    2006-01-01

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

  5. Investment in biogas for energy purposes to promote cleaner production

    International Nuclear Information System (INIS)

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

    2015-01-01

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

  6. Investments

    CERN Document Server

    Bodie, Zvi; Marcus, Alan J.

    2017-01-01

    The integrated solutions for Bodie, Kane, and Marcus' Investments set the standard for graduate/MBA investments textbooks. The unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The content places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.

  7. Investments

    CERN Document Server

    Bodie, Zvi

    2013-01-01

    The integrated solutions for Bodie, Kane, and Marcus' Investments set the standard for graduate/MBA investments textbooks. The unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The content places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. McGraw-Hill's adaptive learning component, LearnSmart, provides assignable modules that help students master chapter core concepts and come to class more prepared. Bodie Investments' blend of practical and theoretical coverage combines with a complete digital solution to help your students achieve higher outcomes in the course

  8. The US Department of Energy - investing in clean transport

    Science.gov (United States)

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

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

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

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-01-15

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

  10. Investment preferences for wood-based energy initiatives in the US

    Energy Technology Data Exchange (ETDEWEB)

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

    2009-06-15

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

  11. Investment preferences for wood-based energy initiatives in the US

    International Nuclear Information System (INIS)

    Aguilar, Francisco X.

    2009-01-01

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

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

    International Nuclear Information System (INIS)

    Ku, Se-Ju; Yoo, Seung-Hoon

    2010-01-01

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

  13. Data for Renewable Energy Planning, Policy, and Investment

    Energy Technology Data Exchange (ETDEWEB)

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

    2017-10-17

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

  14. Investing EU ETS auction revenues into energy savings

    Energy Technology Data Exchange (ETDEWEB)

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

    2013-05-15

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

  15. Optimal investment portfolio in renewable energy. The Spanish case

    International Nuclear Information System (INIS)

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

    2009-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

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

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

    Science.gov (United States)

    Elghali, Siddig

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

  18. Commercial mortgages: An underutilized channel for scaling energy efficiency investments?

    Energy Technology Data Exchange (ETDEWEB)

    Mathew, Paul; Wallace, Nancy; Alschuler, Elena; Kolstad, Leonard

    2016-02-01

    Commercial mortgages currently do not fully account for energy factors in underwriting and valuation, particularly as it relates to the impact of energy costs and volatility on an owner’s net operating income. As a consequence, energy efficiency is not properly valued and energy risks are not properly assessed and mitigated. Commercial mortgages are a large lever and could be a significant channel for scaling energy efficiency investments. A pilot analysis of loans with different mortgage contract structures and locations showed that when energy cost volatility was included in mortgage valuation, a 20% reduction in energy use resulted in a 1.3% average increase in mortgage value. This suggests that the explicit inclusion of energy use and volatility in mortgage valuation can send a strong price signal that financially rewards and values energy efficiency in commercial properties. This paper presents findings from a scoping study addressing energy factors in commercial mortgages. First, we present a review of current practices as it relates to incorporating energy factors into commercial mortgage underwriting and valuation. Next, we detail the impacts of energy factors on property values, net operating income and mortgage valuation. Building operational practices alone can result in energy use variations from -17% to 87%. Finally, we present a set of proposed interventions to properly address energy factors in commercial mortgages, based on extensive discussions with stakeholders including mortgage originators, underwriters, building owners and regulators.

  19. Optimal investment and scheduling of distributed energy resources with uncertainty in electric vehicles driving schedules

    Energy Technology Data Exchange (ETDEWEB)

    Cardoso, Goncalo [Technical Univ. of Lisbon (Portugal); Stadler, Michael [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Center for Energy and Innovation Technologies (Austria); Bozchalui, Mohammed C. [NEC Laboratories American Inc., Irving, TX (United States); Sharma, Ratnesh [NEC Laboratories American Inc., Irving, TX (United States); Marnay, Chris [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Barbosa-Povoa, Ana [Technical Univ. of Lisbon (Portugal); Ferrao, Paulo [Technical Univ. of Lisbon (Portugal)

    2013-12-06

    The large scale penetration of electric vehicles (EVs) will introduce technical challenges to the distribution grid, but also carries the potential for vehicle-to-grid services. Namely, if available in large enough numbers, EVs can be used as a distributed energy resource (DER) and their presence can influence optimal DER investment and scheduling decisions in microgrids. In this work, a novel EV fleet aggregator model is introduced in a stochastic formulation of DER-CAM [1], an optimization tool used to address DER investment and scheduling problems. This is used to assess the impact of EV interconnections on optimal DER solutions considering uncertainty in EV driving schedules. Optimization results indicate that EVs can have a significant impact on DER investments, particularly if considering short payback periods. Furthermore, results suggest that uncertainty in driving schedules carries little significance to total energy costs, which is corroborated by results obtained using the stochastic formulation of the problem.

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

    Energy Technology Data Exchange (ETDEWEB)

    Mormann, Feliz; Reicher, Dan

    2012-11-15

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

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

    International Nuclear Information System (INIS)

    Aguilar, Francisco X.; Cai, Zhen

    2010-01-01

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

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

    Science.gov (United States)

    2012-02-09

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2013-05-15

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

  4. Energy auditing in connection with subsidy schemes for energy saving investments

    Energy Technology Data Exchange (ETDEWEB)

    Broend, Evald

    1979-07-01

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

  5. Prerequisites to promote energy efficiency investments in Bulgaria

    International Nuclear Information System (INIS)

    Boernsen, O.

    1994-01-01

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

  6. Green investment as a financing tool for solar energy systems

    International Nuclear Information System (INIS)

    Koot, E.J.

    1997-07-01

    Results of a workshop on the title subject (25 March 1997) are presented. The purpose of the workshop was to transfer knowledge and disseminate information about the fiscal options and regulations in the Netherlands to invest in environment-friendly projects (EIA, VAMIL, Regeling Groenprojecten). Next to presentations of representatives of a bank, involved in green funding projects, a public utility and a housing corporation, four cases were discussed in which green investment options for solar energy system projects have been evaluated: (1) large-scale solar boiler project (150 m 2 ) in a health care home (utility building); (2) large-scale photovoltaic (PV) project (1000 m 2 ) in the facade of a new office building; (3) application of solar water heaters in a housing project of 1000 private property houses; and (4) a cluster project of 100 private property houses with a 5 m 2 roof-integrated PV-system for each house

  7. A feasibility study on a wind energy investment fund

    International Nuclear Information System (INIS)

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

    1994-01-01

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

  8. Biomass energy in Jordan, and its potential contribution towards the total energy mix of the Kingdom

    International Nuclear Information System (INIS)

    Al-Dabbas, Moh'd A. F.

    1994-04-01

    An evaluation of Jordan's bio-energy status was carried out. Available sources and the viability of exploitation were studied in order to identify the size of contribution that bio-energy could provide to the total energy mix of the Kingdom. The advantages of biogas technology were discussed, and a general description of Jordan's experience in this field was presented. Data on Jordan' animal, municipal, and agricultural wastes that are available as a potential source of bio-energy was tabulated. The report ascertained the economic feasibility of biogas utilization in Jordan, and concluded that the annual energy production potential from biogas, with only animal wastes being utilized, would amount to 80,000 ton oil equivalent. This amount of energy is equivalent to 2% of Jordan's total energy consumption in 1992. The utilization of biogas from municipal wastes would produce an additional 2.5% of the total energy consumption of Jordan. The annual value of utilizing animal and municipal wastes would reach 23 million Jordanian Dinars (JD). This value would increase to 61.5 million JD with the utilization of human wastes. The investment required for the utilization of bio-energy sources in Amman and its suburbs on the scale of family unit fermenters was estimated to be in the order of a million JD. The size of investment for industrial scale utilization for power generation with an electricity feed to the national grid, would range from 3 to 4 million JD. (A.M.H.). 8 refs., 4 tabs

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

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-07-15

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

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

    Science.gov (United States)

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

    1980-01-01

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

  11. Comparative risk assessment of total energy systems

    International Nuclear Information System (INIS)

    Soerensen, B.

    1982-01-01

    The paper discusses a methodology for total impact assessment of energy systems, ideally evaluating all the impacts that a given energy system has on the society in which it is imbedded or into which its introduction is being considered. Impacts from the entire energy conversion chain ('fuel cycle' if the system is fuel-based), including energy storage, transport and transmission, as well as the institutions formed in order to manage the system, should be compared on the basis of the energy service provided. A number of impacts are considered, broadly classified as impacts on satisfaction of biological needs, on health, on environment, on social relations and on the structure of society. Further considerations include impacts related to cost and resilience, and, last but not least, impacts on global relations. The paper discusses a number of published energy studies in the light of the comparative impact assessment methodology outlined above. (author)

  12. Optimal investment and scheduling of distributed energy resources with uncertainty in electric vehicle driving schedules

    International Nuclear Information System (INIS)

    Cardoso, G.; Stadler, M.; Bozchalui, M.C.; Sharma, R.; Marnay, C.; Barbosa-Póvoa, A.; Ferrão, P.

    2014-01-01

    The large scale penetration of electric vehicles (EVs) will introduce technical challenges to the distribution grid, but also carries the potential for vehicle-to-grid services. Namely, if available in large enough numbers, EVs can be used as a distributed energy resource (DER) and their presence can influence optimal DER investment and scheduling decisions in microgrids. In this work, a novel EV fleet aggregator model is introduced in a stochastic formulation of DER-CAM [1], an optimization tool used to address DER investment and scheduling problems. This is used to assess the impact of EV interconnections on optimal DER solutions considering uncertainty in EV driving schedules. Optimization results indicate that EVs can have a significant impact on DER investments, particularly if considering short payback periods. Furthermore, results suggest that uncertainty in driving schedules carries little significance to total energy costs, which is corroborated by results obtained using the stochastic formulation of the problem. - Highlights: • This paper introduces a new EV aggregator model in the DER-CAM model and expands it with a stochastic formulation. • The model is used to analyze the impact of EVs in DER investment decisions in a large office building. • The uncertainty in EV driving patterns is considered through scenarios based on data from a daily commute driving survey. • Results indicate that EVs have a significant impact in optimal DER decisions, particularly when looking at short payback periods. • Furthermore, results indicate that uncertainty in EV driving schedules has little impact on DER investment decisions

  13. Foreign Direct Investments in Central Asian Energy: A CGE Model

    Directory of Open Access Journals (Sweden)

    Michael P. BARRY

    2009-05-01

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

  14. Transnational Energy Companies' Investment Allocation Decisions

    Energy Technology Data Exchange (ETDEWEB)

    Osmundsen, Petter; Emhjellen, Magne; Halleraker, Morten

    2001-10-01

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

  15. Driving efficiency in the energy Lifecycle - Investing in renewable energy

    Energy Technology Data Exchange (ETDEWEB)

    Huebner, Hartmut; Schmidt, Johannes; Wierl, Markus

    2010-09-15

    Climate change and the energy crisis are two of the most significant issues facing our planet today. Recognizing the urgent need for attention, renewable or clean energy started receiving industry focus several years ago, and the momentum picked up over the last decade. Today however, the demand and supply gap continues to be considerable. Although key indicators point to growth in the future, among the key stumbling blocks is financial support. This paper takes a look at the reasons that contribute to the risk, the rewards that the lie in store, and of the recent efforts in this area.

  16. Energy Return on Investment from Recycling Nuclear Fuel

    International Nuclear Information System (INIS)

    2011-01-01

    This report presents an evaluation of the Energy Return on Investment (EROI) from recycling an initial batch of 800 t/y of used nuclear fuel (UNF) through a Recycle Center under a number of different fuel cycle scenarios. The study assumed that apart from the original 800 t of UNF only depleted uranium was available as a feed. Therefore for each subsequent scenario only fuel that was derived from the previous fuel cycle scenario was considered. The scenarios represent a good cross section of the options available and the results contained in this paper and associated appendices will allow for other fuel cycle options to be considered.

  17. Structure of financing investments in the energy sector

    OpenAIRE

    Kowal Barbara; Ranosz Robert; Sobczyk Wiktoria

    2017-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2012-12-01

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

  19. Total energy calculations and bonding at interfaces

    International Nuclear Information System (INIS)

    Louie, S.G.

    1984-08-01

    Some of the concepts and theoretical techniques employed in recent ab initio studies of the electronic and structural properties of surfaces and interfaces are discussed. Results of total energy calculations for the 2 x 1 reconstructed diamond (111) surface and for stacking faults in Si are reviewed. 30 refs., 8 figs

  20. Financing investments in renewable energy: the impacts of policy design

    International Nuclear Information System (INIS)

    Wiser, Ryan H.; Pickle, Steven J.

    1998-01-01

    The costs of electric power projects utilising renewable energy technologies (RETs) are highly sensitive to financing terms. Consequently, as the electricity industry is restructured and new renewables policies are created, it is important for policymakers to consider the impacts of renewables policy design on RET financing. This paper reviews the power plant financing process for renewable energy projects, estimates the impact of financing terms on levelised energy costs, and provides insights to policymakers on the important nexus between renewables policy design and financing. We review five case studies of renewable energy policies, and find that one of the key reasons that RET policies are not more effective is that project development and financing processes are frequently ignored or misunderstood when designing and implementing renewable energy policies. The case studies specifically show that policies that do no provide long-term stability or that have negative secondary impacts on investment decisions will increase financing costs, sometimes dramatically reducing the effectiveness of the program. Within U.S. electricity restructuring proceedings, new renewable energy policies are being created, and restructuring itself is changing the way RETs are financed. As these new policies are created and implemented, it is essential that policymakers acknowledge the financing difficulties faced by renewables developer and pay special attention to the impacts of renewables policy design on financing. As shown in this paper, a renewables policy that is carefully designed can reduce renewable energy costs dramatically by providing revenue certainty that will, in turn, reduce financing risk premiums. (Author)

  1. Atomic resonances above the total ionization energy

    International Nuclear Information System (INIS)

    Doolen, G.

    1975-01-01

    A rigorous result obtained using the theory associated with dilatation analytic potentials is that by performing a complex coordinate rotation, r/subj/ → r/subj/e/subi//sup theta/, on a Hamiltonian whose potential involves only pairwise Coulombic interactions, one can show that when theta = π/2, no complex eigenvalues (resonances) appear whose energies have a real part greater than the total ionization energy of the atomic system. This appears to conflict with experimental results of Walton, Peart, and Dolder, who find resonance behavior above the total ionization energy of the H -- system and also the theoretical stabilization results of Taylor and Thomas for the same system. A possible resolution of this apparent conflict is discussed and a calculation to check its validity is proposed

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

    International Nuclear Information System (INIS)

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

    2015-01-01

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

  3. Energy Return on Investment (EROI of Oil Shale

    Directory of Open Access Journals (Sweden)

    Peter A. O’Connor

    2011-11-01

    Full Text Available The two methods of processing synthetic crude from organic marlstone in demonstration or small-scale commercial status in the U.S. are in situ extraction and surface retorting. The considerable uncertainty surrounding the technological characterization, resource characterization, and choice of the system boundary for oil shale operations indicate that oil shale is only a minor net energy producer if one includes internal energy (energy in the shale that is used during the process as an energy cost. The energy return on investment (EROI for either of these methods is roughly 1.5:1 for the final fuel product. The inclusions or omission of internal energy is a critical question. If only external energy (energy diverted from the economy to produce the fuel is considered, EROI appears to be much higher. In comparison, fuels produced from conventional petroleum show overall EROI of approximately 4.5:1. “At the wellhead” EROI is approximately 2:1 for shale oil (again, considering internal energy and 20:1 for petroleum. The low EROI for oil shale leads to a significant release of greenhouse gases. The large quantities of energy needed to process oil shale, combined with the thermochemistry of the retorting process, produce carbon dioxide and other greenhouse gas emissions. Oil shale unambiguously emits more greenhouse gases than conventional liquid fuels from crude oil feedstocks by a factor of 1.2 to 1.75. Much of the discussion regarding the EROI for oil shale should be regarded as preliminary or speculative due to the very small number of operating facilities that can be assessed.

  4. Policy approaches to renewable energy investment in the Mediterranean region

    Science.gov (United States)

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

    2009-04-01

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

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

    OpenAIRE

    Paleckaite, Gintare

    2014-01-01

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

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

    OpenAIRE

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

    2013-01-01

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

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

    NARCIS (Netherlands)

    Masselink, Dirk Jan

    2007-01-01

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

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

    International Nuclear Information System (INIS)

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

    2013-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2010-07-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2010-07-01

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

  11. To invest efficiently for a successful energy transition

    International Nuclear Information System (INIS)

    Beutier, Didier

    2017-01-01

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

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

    International Nuclear Information System (INIS)

    Gliedt, Travis; Hoicka, Christina E.

    2015-01-01

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

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

    International Nuclear Information System (INIS)

    Jiang, Xuemei; Zhu, Kunfu; Green, Christopher

    2015-01-01

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

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

    Science.gov (United States)

    Denysenko, Artur

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

  15. Investments

    International Development Research Centre (IDRC) Digital Library (Canada)

    2010-04-01

    CCAA Financial summary for 2010–11. Budget vs. actual allocations. April 1, 2010 to March 31, 2011. 2010–11. 2006–10. Actuals. Budget. Actual. Allocations. Variance. 2011–12. Budget. 2012–13. Budget. TOTAL. Operations: PMU staff. 4,102,331. $1,376,281. 1,242,281. $134,000. Technical support. 691,122. 138,106.

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

    Science.gov (United States)

    Fobair, Richard C., II

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

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

    International Nuclear Information System (INIS)

    Musseau, Pierre

    2014-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    Bicalho, Ronaldo

    2009-04-15

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

  19. Optimal supply and demand investments in municipal energy systems

    International Nuclear Information System (INIS)

    Rolfsman, Bjoern

    2004-01-01

    In many municipalities, there are district heating networks, which are quite commonly supplied by combined heat and power plants (CHP). A district heating network contains buildings of different types. In this paper, one such municipal energy system is analysed. In order to provide space heating and domestic hot water, investments could be made on the supply side in power plants, or on the demand side in the buildings, for example in the form of extra wall insulation. The electricity from the CHP plants is supplied to the municipality but can also be sold to the electricity market, and electricity can, of course, also be bought from the market. The variation in price on the spot market over any given day is significant. The need for district heat in the building stock also varies, for example due to climatic conditions. The energy system in the case study is analysed with a mixed integer linear programming model. The model has 3 h time steps in order to reflect diurnal variations, and an entire year is analysed. A case study is presented for the city of Linkoeping in Sweden. On the demand side, the options are: extra wall insulation, extra attic insulation and better types of windows. The building stock is divided into nine categories

  20. Can the future EU ETS support wind energy investments?

    International Nuclear Information System (INIS)

    Blanco, Maria Isabel; Rodrigues, Gloria

    2008-01-01

    This article discusses how the future Emissions Trading Scheme legislation should be designed to allow the European Union to comply with the 20% CO 2 emissions reduction target, while at the same time promoting wind energy investments. We examine whether CO 2 prices could eventually replace the existing support schemes for wind and if they adequately capture its benefits. The analysis also looks at the effectiveness of the clean development and joint implementation mechanisms to trigger wind projects and technology transfer in developing countries. We find out that climate policy is unlikely to provide sufficient incentives to promote wind power, and that other policies should be used to internalise the societal benefits that accrue from deploying this technology: CO 2 prices can only reflect the beneficial impact of wind on climate change but not its contribution to the security of supply or employment creation. A minimum price of around Euro 40/tCO 2 should be attained to maintain present support levels for wind and this excludes income risks and intermediation costs. Finally, CDM improves the return rate of wind energy projects in third countries, but it is the local institutional framework and the long-term stability of the CO 2 markets that matters the most

  1. Can the future EU ETS support wind energy investments?

    Energy Technology Data Exchange (ETDEWEB)

    Blanco, Maria Isabel [Department of Economic Analysis, Faculty of Economics,University of Alcala, Plaza de la Victoria 3, 28002 Alcala de Henares, Madrid (Spain); Rodrigues, Gloria [European Wind Energy Association, EWEA, Rue D' Arlon 63-65, 1040 Brussels (Belgium)

    2008-04-15

    This article discusses how the future Emissions Trading Scheme legislation should be designed to allow the European Union to comply with the 20% CO{sub 2} emissions reduction target, while at the same time promoting wind energy investments. We examine whether CO{sub 2} prices could eventually replace the existing support schemes for wind and if they adequately capture its benefits. The analysis also looks at the effectiveness of the clean development and joint implementation mechanisms to trigger wind projects and technology transfer in developing countries. We find out that climate policy is unlikely to provide sufficient incentives to promote wind power, and that other policies should be used to internalise the societal benefits that accrue from deploying this technology: CO{sub 2} prices can only reflect the beneficial impact of wind on climate change but not its contribution to the security of supply or employment creation. A minimum price of around EUR40/tCO{sub 2} should be attained to maintain present support levels for wind and this excludes income risks and intermediation costs. Finally, CDM improves the return rate of wind energy projects in third countries, but it is the local institutional framework and the long-term stability of the CO{sub 2} markets that matters the most. (author)

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

    NARCIS (Netherlands)

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

    2003-01-01

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

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

    International Nuclear Information System (INIS)

    Liedtke, Stephan

    2017-01-01

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

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

    International Nuclear Information System (INIS)

    Yang, M.

    2006-01-01

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

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

    International Nuclear Information System (INIS)

    Yang Ming

    2006-01-01

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

  6. Total Energy. Sustainable cooling and heating in supermarkets; Total Energy. Duurzame koeling en verwarming supermarkten

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2011-03-15

    In 8 articles attention is paid to different aspects of cooling and heating in supermarkets: new coolants in the food retail sector, the climate plan of the Dutch Food Retail Association (CBL), he Round Table discussion with between CBL and supermarket chains about research results, approach and targets, the use of CO2 refrigeration in supermarkets, leakage of coolants from refrigerators and freezers in Dutch supermarkets, the energy efficient and environment-friendly refrigerator and freezer equipment of the distribution centre of supermarket chain C1000 in Raalte, Netherlands, changes for cooling techniques in the EIA energy list (Energy investment deduction scheme) and finally education options for the refrigeration industry in the Netherlands. [Dutch] In 8 artikelen wordt aandacht geschonken aan verschillende aspecten m.b.t. koeling en verwarming in supermarkten: nieuwe koelmiddelen in de 'food retail sector, het klimaatplan van de brancheorganisatie Centraal Bureau Levensmiddelenhandel (CBL), het Rondetafel overleg met de CBL en supermarktketens over onderzoeksresultaten, aanpak en doelen, de toepassing van CO2 koeling in supermarkten, lekkage van koelmiddelen uit koel- en vriesinstallaties in Nederlandse supermarkten, de energiezuinige en milieuvriendelijke koel-vriesinstallatie van het distributiecentrum van de supermarktketen C1000 in Raalte, wijzigingen voor koeltechniek in de EIA energielijst (Energie Investeringsaftrek subsidieregeling), en tenslotte opleidingsmogelijkheden voor de koeltechnische sector in Nederland.

  7. 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.

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

    International Nuclear Information System (INIS)

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

    2016-01-01

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

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

    International Nuclear Information System (INIS)

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

    2014-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2003-11-01

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

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

    International Nuclear Information System (INIS)

    Hieronymi, Philipp; Schüller, David

    2015-01-01

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

  12. Total energy calculations from self-energy models

    International Nuclear Information System (INIS)

    Sanchez-Friera, P.

    2001-06-01

    Density-functional theory is a powerful method to calculate total energies of large systems of interacting electrons. The usefulness of this method, however, is limited by the fact that an approximation is required for the exchange-correlation energy. Currently used approximations (LDA and GGA) are not sufficiently accurate in many physical problems, as for instance the study of chemical reactions. It has been shown that exchange-correlation effects can be accurately described via the self-energy operator in the context of many-body perturbation theory. This is, however, a computationally very demanding approach. In this thesis a new scheme for calculating total energies is proposed, which combines elements from many-body perturbation theory and density-functional theory. The exchange-correlation energy functional is built from a simplified model of the self-energy, that nevertheless retains the main features of the exact operator. The model is built in such way that the computational effort is not significantly increased with respect to that required in a typical density-functional theory calculation. (author)

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

    Science.gov (United States)

    Huang, Yiling

    2017-11-01

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

  14. Chemical engineering challenges and investment opportunities in sustainable energy.

    Science.gov (United States)

    Heller, Adam

    2008-01-01

    The chemical and energy industries are transforming as they adjust to the new era of high-priced petroleum and severe global warming. As a result of the transformation, engineering challenges and investment opportunities abound. Rapid evolution and fast growth are expected in cathode and anode materials as well as polymeric electrolytes for vehicular batteries and in high-performance polymer-ceramic composites for wind turbines, fuel-efficient aircraft, and lighter and safer cars. Unique process-engineering opportunities exist in sand-oil, coal, and possibly also shale liquefaction to produce transportation fuel; and also in genetic engineering of photosynthesizing plants and other organisms for their processing into high-performance biodegradable polymers and high-value-added environmentally friendly chemicals. Also, research on the feasibility of mitigation of global warming through enhancement of CO(2) uptake by the southern oceans by fertilization with trace amounts of iron is progressing. Because chemical engineers are uniquely well trained in mathematical modeling of mass transport, flow, and mixing, and also in cost analysis, they are likely to join the oceanographers and marine biologists in this important endeavor.

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

    NARCIS (Netherlands)

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

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2001-07-01

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

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

    International Nuclear Information System (INIS)

    Gippner, Olivia; Torney, Diarmuid

    2017-01-01

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

  18. Invester Response to Consumer Elasticity, Nordic Energy Research

    DEFF Research Database (Denmark)

    Jensen, Stine Grenaa; Meibom, Peter; Ravn, Hans V.

    2004-01-01

    . The simulated investment decisions are taken in a stochastic, dynamic setting, where a key point is the timing of the investment decision in relation to the gathering of new information relative to the stochastic elements. Based on this, the consequences of the development in consumer price elasticity......, and it is generally assumed that the demand side has an important role in this, and increasingly so. However, since consumers have not earlier had the incentive to respond to electricity prices, no reliable estimate of demand elasticity is known. The purpose of the present study is to analyse the role of electricity...... demand elasticity for investments in new electricity production capacity. Electricity price scenarios generated with a partial equilibrium model (Balmorel) are combined with a model of investment decisions. In this, various scenarios concerning the development in the demand elasticity are used...

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

    International Nuclear Information System (INIS)

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

    2015-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2003-07-01

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

  1. Renewable portfolio standards and cost-effective energy-efficiency investment

    International Nuclear Information System (INIS)

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

    2009-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2003-07-01

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

  3. Public preferences for investments in renewable energy production and energy efficiency

    International Nuclear Information System (INIS)

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

    2015-01-01

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

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

    OpenAIRE

    Robert Pollin; Heidi Garrett-Peltier

    2009-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    1987-04-01

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

  6. Testing for causality between the foreign direct investment, current account deficit, GDP and total credit: Evidence from G7

    Directory of Open Access Journals (Sweden)

    Akbas Yusuf Ekrem

    2013-01-01

    Full Text Available In this study, countries were analyzed between 1990 and 2011 in order to determine whether a causal relationship exists among current account deficit, GDP, foreign direct investment, and total credits of G7. Analysis took into account the cross-sectional dependence and was applied to test the causality among the variables form the panel. Firstly, panel unit root tests were used for determining stationary of variables. As a result of the panel unit root tests, it was found that GDP and foreign direct investment have a stationary structure and that total credits and current account deficit contain unit root. In order to see whether there is a long-term relationship among the variables or not, the panel co-integration test was used. As a result of the test, it was concluded that there is a co-integration relationship among the series. The possibility of a causal relationship was analyzed among the variables using the causality test developed by Elena Ivona Dumitrescu and Christophe Hurlin (2012. Results of the analysis showed a unidirectional causal relationship from current account deficit and foreign direct investment to GDP. Bidirectional causality was found between current account deficit and total credits. Finally, a unidirectional relationship was found from foreign direct investment to current account deficit and total credits.

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

    Science.gov (United States)

    Konyushikhin, Maxim

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

  8. 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...

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

    Science.gov (United States)

    Garrett-Peltier, Heidi

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

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

    Science.gov (United States)

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

    2018-02-01

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

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

    International Nuclear Information System (INIS)

    Wüstenhagen, Rolf; Menichetti, Emanuela

    2012-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    Murto, Pauli; Nese, Gjermund

    2002-05-01

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

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

    International Nuclear Information System (INIS)

    Murto, Pauli; Nese, Gjermund

    2002-01-01

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

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

    DEFF Research Database (Denmark)

    Atlason, Reynir Smari; Unnthorsson, Runar

    2018-01-01

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

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

    Directory of Open Access Journals (Sweden)

    Evgeniy Anatolyevich Malyshev

    2013-09-01

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

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

    Directory of Open Access Journals (Sweden)

    Matthew Moerschbaecher

    2011-10-01

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

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

    International Nuclear Information System (INIS)

    Kavvadias, K.C.

    2016-01-01

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

  18. Total energy calculations for structural phase transformations

    International Nuclear Information System (INIS)

    Ye, Y.Y.; Chan, C.T.; Ho, K.M.; Harmon, B.N.

    1990-01-01

    The structural integrity and physical properties of crystalline solids are frequently limited or enhanced by the occurrence of phase transformations. Martensitic transformations involve the collective displacement of atoms from one ordered state to another. Modern methods to determine the microscopic electronic changes as the atoms move are now accurate enough to evaluate the very small energy differences involved. Extensive first principles calculations for the prototypical martensitic transformation from body-centered cubic (bcc) to closepacked 9R structure in sodium metal are described. The minimum energy coordinate or configuration path between the bcc and 9R structures is determined as well as paths to other competing close-packed structures. The energy barriers and important anharmonic interactions are identified and general conclusions drawn. The calculational methods used to solve the Schrodinger equation include pseudopotentials, fast Fourier transforms, efficient matrix diagnonalization, and supercells with many atoms

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

    International Nuclear Information System (INIS)

    Nemet, Gregory F.; Kammen, Daniel M.

    2007-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2002-09-01

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

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

    International Nuclear Information System (INIS)

    Turcsanyi, Richard Q.

    2017-01-01

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

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

    Science.gov (United States)

    2012-07-01

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

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

    Science.gov (United States)

    2014-08-01

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

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

    International Nuclear Information System (INIS)

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

    2017-01-01

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

  5. Dutch Energy Investment Allowance (EIA). Annual report 2011; Energie-Investeringsaftrek (EIA). Jaarverslag 2011

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-07-15

    In this 2011 report some examples are given of companies that have made use of the Energy Investment Allowance (EIA). Two of these companies agreed upon a so-called 'Green Deal' with the Dutch government. The purpose of Green Deals is to support businesses, industrial associations and other parties in accelerating sustainable initiatives [Dutch] In dit verslag over 2011 staan enkele voorbeelden van bedrijven die in 2011 gebruik hebben gemaakt van de EIA. Twee van deze bedrijven hebben een Green Deal met de overheid afgesloten. Green Deals moeten bedrijven, brancheorganisaties en andere partijen helpen om duurzame initiatieven te versnellen.

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

    Directory of Open Access Journals (Sweden)

    Roland Weiss

    2009-03-01

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

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

    International Nuclear Information System (INIS)

    Barradale, Merrill Jones

    2010-01-01

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

  8. Solar Energy: A Necessary Investment in a Developing Economy ...

    African Journals Online (AJOL)

    Electrical Energy is the pivot of all developmental efforts in both the developed and the developing nations. Due to the fact that sources or conventional means of energy generation arc finite and fast depleting, most industrialized countries have started research on solar energy as a renewable sources or energy. This paper ...

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2001-07-01

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

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

    International Nuclear Information System (INIS)

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

    2014-01-01

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

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

    DEFF Research Database (Denmark)

    Hedegaard, Karsten; Münster, Marie

    2013-01-01

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

  12. Energy Return on Investment (EROI) for Forty Global Oilfields Using a Detailed Engineering-Based Model of Oil Production

    Science.gov (United States)

    Brandt, Adam R.; Sun, Yuchi; Bharadwaj, Sharad; Livingston, David; Tan, Eugene; Gordon, Deborah

    2015-01-01

    Studies of the energy return on investment (EROI) for oil production generally rely on aggregated statistics for large regions or countries. In order to better understand the drivers of the energy productivity of oil production, we use a novel approach that applies a detailed field-level engineering model of oil and gas production to estimate energy requirements of drilling, producing, processing, and transporting crude oil. We examine 40 global oilfields, utilizing detailed data for each field from hundreds of technical and scientific data sources. Resulting net energy return (NER) ratios for studied oil fields range from ≈2 to ≈100 MJ crude oil produced per MJ of total fuels consumed. External energy return (EER) ratios, which compare energy produced to energy consumed from external sources, exceed 1000:1 for fields that are largely self-sufficient. The lowest energy returns are found to come from thermally-enhanced oil recovery technologies. Results are generally insensitive to reasonable ranges of assumptions explored in sensitivity analysis. Fields with very large associated gas production are sensitive to assumptions about surface fluids processing due to the shifts in energy consumed under different gas treatment configurations. This model does not currently include energy invested in building oilfield capital equipment (e.g., drilling rigs), nor does it include other indirect energy uses such as labor or services. PMID:26695068

  13. Energy Return on Investment (EROI for Forty Global Oilfields Using a Detailed Engineering-Based Model of Oil Production.

    Directory of Open Access Journals (Sweden)

    Adam R Brandt

    Full Text Available Studies of the energy return on investment (EROI for oil production generally rely on aggregated statistics for large regions or countries. In order to better understand the drivers of the energy productivity of oil production, we use a novel approach that applies a detailed field-level engineering model of oil and gas production to estimate energy requirements of drilling, producing, processing, and transporting crude oil. We examine 40 global oilfields, utilizing detailed data for each field from hundreds of technical and scientific data sources. Resulting net energy return (NER ratios for studied oil fields range from ≈2 to ≈100 MJ crude oil produced per MJ of total fuels consumed. External energy return (EER ratios, which compare energy produced to energy consumed from external sources, exceed 1000:1 for fields that are largely self-sufficient. The lowest energy returns are found to come from thermally-enhanced oil recovery technologies. Results are generally insensitive to reasonable ranges of assumptions explored in sensitivity analysis. Fields with very large associated gas production are sensitive to assumptions about surface fluids processing due to the shifts in energy consumed under different gas treatment configurations. This model does not currently include energy invested in building oilfield capital equipment (e.g., drilling rigs, nor does it include other indirect energy uses such as labor or services.

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

    International Nuclear Information System (INIS)

    Zhang, Dayong; Cao, Hong; Zou, Peijiang

    2016-01-01

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

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

    International Nuclear Information System (INIS)

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

    2016-01-01

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

  16. Regional total factor energy efficiency: An empirical analysis of industrial sector in China

    International Nuclear Information System (INIS)

    Wang, Zhao-Hua; Zeng, Hua-Lin; Wei, Yi-Ming; Zhang, Yi-Xiang

    2012-01-01

    Highlights: ► We evaluate energy efficiency under framework of total factor energy efficiency. ► We focus on industry sector of China. ► We use statistical data of industrial enterprises above designated size. ► Energy efficiencies among regions in China are obvious because of technological differences. ► Large scale of investment should be stopped especially in central and western regions. -- Abstract: The rapid growth of the Chinese economy has resulted in great pressure on energy consumption, especially the energy intensive sector – the industrial sector. To achieve sustainable development, China has to consider how to promote energy efficiency to meet the demand of Chinese rapid economic growth, as the energy efficiency of China is relatively low. Meanwhile, the appeal of energy saving and emission reduction has been made by the Chinese central government. Therefore, it is important to evaluate the energy efficiency of industrial sector in China and to assess efficiency development probabilities. The framework of total factor energy efficiency index is adopted to determine the discrepancy of energy efficiency in Chinese industrial sector based on the provincial statistical data of industrial enterprises above designated size in 30 provinces from 2005 to 2009, with gross industrial output as the output value and energy consumption, average remaining balance of capital assets and average amount of working force as the input values. Besides, in considerate of the regional divide of China, namely eastern, central, and western, and economic development differences in each region, energy efficiency of each region is also analysed in this paper. The results show that there is room for China to improve its energy efficiency, especially western provinces which have large amount of energy input excess. Generally speaking, insufficient technological investment and fail of reaching best scale of manufacture are two factors preventing China from energy

  17. 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...

  18. Framework for Evaluating the Total Value Proposition of Clean Energy Technologies

    Energy Technology Data Exchange (ETDEWEB)

    Pater, J. E.

    2006-02-01

    Conventional valuation techniques fail to include many of the financial advantages of clean energy technologies. By omitting benefits associated with risk management, emissions reductions, policy incentives, resource use, corporate social responsibility, and societal economic benefits, investors and firms sacrifice opportunities for new revenue streams and avoided costs. In an effort to identify some of these externalities, this analysis develops a total value proposition for clean energy technologies. It incorporates a series of values under each of the above categories, describing the opportunities for recapturing investments throughout the value chain. The framework may be used to create comparable value propositions for clean energy technologies supporting investment decisions, project siting, and marketing strategies. It can also be useful in policy-making decisions.

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

    Energy Technology Data Exchange (ETDEWEB)

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

    1992-03-15

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

  20. Dangers of big investment in energy-intensive industries

    Energy Technology Data Exchange (ETDEWEB)

    Bayliss, L

    1980-05-01

    New Zealand needs efficient industries which can compete effectively with those overseas, but a popular view that major import-replacement projects are the way to economic salvation is not shared by Mr. Bayliss, one of New Zealand's leading economists. Capital, skilled labor, and skilled management are scarce, and overseas borrowing is limited. What is needed, he continues, is to maximize the return from these scarce resources (in financial and employment terms); not dissipate them on grandiose projects that sound good. Future investment must be examined with substantial regard for growing unemployment problems. Development of Maui gas is specifically discussed; rather than adopting a policy of not exporting non-renewable fuels. Mr. Bayliss would export it in LPG or CNG form and use the proceeds to buy imported oil. He also points out that New Zealand is unprepared to develop skill-based industries such as microelectronics.

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

    Directory of Open Access Journals (Sweden)

    Yunqiang Xue

    2017-10-01

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

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

    Science.gov (United States)

    Balcerak, Ernie

    2012-03-01

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

  3. Applying Risk and Resilience Metrics to Energy Investments

    Science.gov (United States)

    2015-12-01

    include. Resilient energy infrastructure extends beyond the installation’s energy gird and distribution capability to the people controlling the system...Effects on Energy Supply The report, How Two Microgrids Fared After the 2011 Earthquake, states that the Great East Japanese Earthquake and Tsunami...Company was unable to supply power to its customers; however, two microgrids successfully produced and distributed power after the GEJE, when the

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

    International Nuclear Information System (INIS)

    Warren, A.

    1992-01-01

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

  5. Combining total energy and energy industrial center concepts to increase utilization efficiency of geothermal energy

    Science.gov (United States)

    Bayliss, B. P.

    1974-01-01

    Integrating energy production and energy consumption to produce a total energy system within an energy industrial center which would result in more power production from a given energy source and less pollution of the environment is discussed. Strong governmental support would be required for the crash drilling program necessary to implement these concepts. Cooperation among the federal agencies, power producers, and private industry would be essential in avoiding redundant and fruitless projects, and in exploiting most efficiently our geothermal resources.

  6. Retrospective Benefit-Cost Evaluation of DOE Investment in Photovoltaic Energy Systems

    Energy Technology Data Exchange (ETDEWEB)

    O' Connor, Alan C. [RTI International, Research Triangle Park, NC (United States); Loomis, Ross J. [RTI International, Research Triangle Park, NC (United States); Braun, Fern M. [RTI International, Research Triangle Park, NC (United States)

    2010-08-01

    This study is a retrospective analysis of net benefits accruing from DOE's investment in photovoltaic (PV) technology development. The study employed a technology cluster approach. That is, benefits measured for a subset of technologies in a meaningful cluster, or portfolio, of technologies were compared to the total investment in the cluster to provide a lower bound measure of return for the entire cluster.

  7. Department of Energy Recovery Act Investment in Biomass Technologies

    Energy Technology Data Exchange (ETDEWEB)

    None

    2010-11-01

    The American Recovery and Reinvestment Act of 2009 (Recovery Act) provided more than $36 billion to the Department of Energy (DOE) to accelerate work on existing projects, undertake new and transformative research, and deploy clean energy technologies across the nation. Of this funding, $1029 million is supporting innovative work to advance biomass research, development, demonstration, and deployment.

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

    Directory of Open Access Journals (Sweden)

    Vytlačil Dalibor

    2018-01-01

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

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

    International Nuclear Information System (INIS)

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

    2007-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2008-12-01

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

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

    International Nuclear Information System (INIS)

    Leete, Simeon; Xu, Jingjing; Wheeler, David

    2013-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

    Feldman, D.; Settle, E.

    2013-11-01

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

  13. A boom in energy technology innovation despite decades of stagnant investment

    Energy Technology Data Exchange (ETDEWEB)

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

    2009-01-01

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

  14. Ex-post evaluation of Energy Investment Allowance (EIA); Ex-post evaluatie Energie Investeringsaftrek (EIA)

    Energy Technology Data Exchange (ETDEWEB)

    Aalbers, R.; Baarsma, B.; Berkhout, P.; Bremer, S.; Gerritsen, M.; De Nooij, M. [SEO Economisch Onderzoek, Amsterdam (Netherlands)

    2007-07-15

    In the framework of the VBTB ('Van Beleidsbegroting tot Beleidsverantwoording', or 'From budget to balance sheet') the EIA (Energy Investment Allowance) has been evaluated for the period 2001-2005. Attention has been paid to its relevancy and the (cost) effectiveness. [Dutch] In de context van de VBTB ('Van Beleidsbegroting tot Beleidsverantwoording', or 'From budget to balance sheet') is onderzocht of de EIA in de periode 2001 tot en met 2005 goed heeft gefunctioneerd. Daarbij is gekeken naar de relevantie van de EIA, de effectiviteit en kosteneffectiviteit van de EIA en is een evaluatie van de uitvoering gemaakt.

  15. Total-factor energy efficiency in developing countries

    International Nuclear Information System (INIS)

    Zhang Xingping; Cheng Xiaomei; Yuan Jiahai; Gao Xiaojun

    2011-01-01

    This paper uses a total-factor framework to investigate energy efficiency in 23 developing countries during the period of 1980-2005. We explore the total-factor energy efficiency and change trends by applying data envelopment analysis (DEA) window, which is capable of measuring efficiency in cross-sectional and time-varying data. The empirical results indicate that Botswana, Mexico and Panama perform the best in terms of energy efficiency, whereas Kenya, Sri Lanka, Syria and the Philippines perform the worst during the entire research period. Seven countries show little change in energy efficiency over time. Eleven countries experienced continuous decreases in energy efficiency. Among five countries witnessing continuous increase in total-factor energy efficiency, China experienced the most rapid rise. Practice in China indicates that effective energy policies play a crucial role in improving energy efficiency. Tobit regression analysis indicates that a U-shaped relationship exists between total-factor energy efficiency and income per capita. - Research Highlights: → To measure the total-factor energy efficiency using DEA window analysis. → Focus on an application area of developing countries in the period of 1980-2005. → A U-shaped relationship was found between total-factor energy efficiency and income.

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

    International Nuclear Information System (INIS)

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

    2017-01-01

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

  17. [Review of wireless energy transmission system for total artificial heart].

    Science.gov (United States)

    Zhang, Chi; Yang, Ming

    2009-11-01

    This paper sums up the fundamental structure of wireless energy transmission system for total artificial heart, and compares the key parameters and performance of some representative systems. After that, it is discussed that the future development trend of wireless energy transmission system for total artificial heart.

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

    International Nuclear Information System (INIS)

    Murto, P.

    2003-01-01

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

  19. Total-factor energy efficiency of regions in China

    International Nuclear Information System (INIS)

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

    2006-01-01

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

  20. Windfall profit in portfolio diversification? An empirical analysis of the potential benefits of renewable energy investments

    Energy Technology Data Exchange (ETDEWEB)

    Bruns, Frederik

    2013-05-01

    Modern Portfolio Theory is a theory which was introduced by Markowitz, and which suggests the building of a portfolio with assets that have low or, in the best case, negative correlation. In times of financial crises, however, the positive diversification effect of a portfolio can fail when Traditional Assets are highly correlated. Therefore, many investors search for Alternative Asset classes, such as Renewable Energies, that tend to perform independently from capital market performance. 'Windfall Profit in Portfolio Diversification?' discusses the potential role of Renewable Energy investments in an institutional investor's portfolio by applying the main concepts from Modern Portfolio Theory. Thereby, the empirical analysis uses a unique data set from one of the largest institutional investors in the field of Renewable Energies, including several wind and solar parks. The study received the Science Award 2012 of the German Alternative Investments Association ('Bundesverband Alternative Investments e.V.').

  1. Strategic investment of embodied energy during the architectural planning process

    NARCIS (Netherlands)

    Hildebrand, L.

    2014-01-01

    It is an interesting time in the building industry; for more than one decade sustainability is a planning parameter that essentially impacts construction related processes. Reduction of operational energy was initiated after the oil crisis and changed the type of construction by including heat

  2. Affordable comfort 95 - investing in our energy future

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1995-12-31

    This report describes the topics from the conference on Affordable Comfort, held March 26-31, 1995. Topics are concerned with energy efficiency in homes, retrofitting, weatherization, and monitoring of appliances, heating, and air conditioning systems for performance, as well as topics on electric utilities.

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

    NARCIS (Netherlands)

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

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

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

    International Nuclear Information System (INIS)

    Takase, Kae; Murota, Yasuhiro

    2004-01-01

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

  5. New solutions in energy supply. Business and investment forums for renewable energy. Africa and Latin America

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-07-01

    This ENERGIE publication is one of a series highlighting the potential for innovative non-nuclear energy technologies to become widely applied and contribute superior services to the citizen. European Commission strategies aim at influencing the scientific and engineering communities, policy makers and key market actors to create, encourage, acquire and apply cleaner, more efficient and more sustainable energy solutions for their own benefit and that of our wider society. Funded under the European Union's Fifth Framework Programme for Research, technological Development and Demonstration (RTD), ENERGIE's range of supports cover research, development, demonstration, dissemination, replication and market uptake - the full process of converting new ideas into practical solutions to real needs. Its publications, in print and electronic form, disseminate the results of actions carried out under this and previous Framework Programmes, including former JOULE-THERMIE actions. Jointly managed by Directorate-General Energy and Transport and Directorate-General Research, ENERGIE has a total budget of Euro 1042 million over the period 1999 to 2002. Delivery is organised principally around two Key Actions, Cleaner Energy Systems, including Renewable Energies, and Economic and Efficient Energy for a Competitive Europe, within the theme 'Energy, Environment and Sustainable Development', supplemented by coordination and cooperative activities of a sectoral and cross-sectoral nature. With targets guided by the Kyoto Protocol and associated policies, ENERGIE's integrated activities are focussed on new solutions which yield direct economic and environmental benefits to the energy user, and strengthen European competitive advantage by helping to achieve a position of leadership in the energy technologies of tomorrow. The resulting balanced improvements in energy, environmental and economic performance will help to ensure a sustainable future for EuropeAs citizens. (author)

  6. New solutions in energy supply. Business and investment forums for renewable energy. Africa and Latin America

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-07-01

    This ENERGIE publication is one of a series highlighting the potential for innovative non-nuclear energy technologies to become widely applied and contribute superior services to the citizen. European Commission strategies aim at influencing the scientific and engineering communities, policy makers and key market actors to create, encourage, acquire and apply cleaner, more efficient and more sustainable energy solutions for their own benefit and that of our wider society. Funded under the European Union's Fifth Framework Programme for Research, technological Development and Demonstration (RTD), ENERGIE's range of supports cover research, development, demonstration, dissemination, replication and market uptake - the full process of converting new ideas into practical solutions to real needs. Its publications, in print and electronic form, disseminate the results of actions carried out under this and previous Framework Programmes, including former JOULE-THERMIE actions. Jointly managed by Directorate-General Energy and Transport and Directorate-General Research, ENERGIE has a total budget of Euro 1042 million over the period 1999 to 2002. Delivery is organised principally around two Key Actions, Cleaner Energy Systems, including Renewable Energies, and Economic and Efficient Energy for a Competitive Europe, within the theme 'Energy, Environment and Sustainable Development', supplemented by coordination and cooperative activities of a sectoral and cross-sectoral nature. With targets guided by the Kyoto Protocol and associated policies, ENERGIE's integrated activities are focussed on new solutions which yield direct economic and environmental benefits to the energy user, and strengthen European competitive advantage by helping to achieve a position of leadership in the energy technologies of tomorrow. The resulting balanced improvements in energy, environmental and economic performance will help to ensure a sustainable future for Europe

  7. Environment-adjusted total-factor energy efficiency of Taiwan's service sectors

    International Nuclear Information System (INIS)

    Fang, Chin-Yi; Hu, Jin-Li; Lou, Tze-Kai

    2013-01-01

    This study computes the pure technical efficiency (PTE) and energy-saving target of Taiwan's service sectors during 2001–2008 by using the input-oriented data envelopment analysis (DEA) approach with the assumption of a variable returns-to-scale (VRS) situation. This paper further investigates the effects of industry characteristics on the energy-saving target by applying the four-stage DEA proposed by Fried et al. (1999). We also calculate the pre-adjusted and environment-adjusted total-factor energy efficiency (TFEE) scores in these service sectors. There are three inputs (labor, capital stock, and energy consumption) and a single output (real GDP) in the DEA model. The most energy efficient service sector is finance, insurance and real estate, which has an average TFEE of 0.994 and an environment-adjusted TFEE (EATFEE) of 0.807. The study utilizes the panel-data, random-effects Tobit regression model with the energy-saving target (EST) as the dependent variable. Those service industries with a larger GDP output have greater excess use of energy. The capital–labor ratio has a significantly positive effect while the time trend variable has a significantly negative impact on the EST, suggesting that future new capital investment should also be accompanied with energy-saving technology in the service sectors. - Highlights: • The technical efficiency and energy-saving target of service sectors are assessed. • The pre-adjusted and environment-adjusted total-factor energy efficiency scores in services are assessed. • The industrial characteristic differences are examined by the panel-data, random-effects Tobit regression model. • Labor, capital, and energy and an output (GDP) are included in the DEA model. • Future new capital investment should also be accompanied with energy-saving technology in the service sectors

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

    OpenAIRE

    Yuliia Bashynska

    2015-01-01

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

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

    Science.gov (United States)

    Mirhosseini, Niloufar Sadat

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

  10. China: to invest in energy management. Proceedings of the French-Chinese seminar, Chengdu (Sichuan), 2006

    International Nuclear Information System (INIS)

    Bourguinat, Elisabeth; Gromard, Christian de; Breton, Herve; Francoz, Eric J.F.; Richard, Christophe; Henry, Alain; Xuhong, Liu; Henry, Alain; Yaping, Li; Dumasy, Jacques; Fabre, Thibaut; Lopez, Jose; Yazhong, Liu; Wenbin, Lu; Huang, Zhou; Plazy, Jean-Louis; Irigoin, Michel; Raoust, Michel; Devillier, Thierry; Jianping, Chen; Mezghani, Mohamed; Delcroix, Jean; Gerbeaux, Jean-Marie; Yande, Dai; Mulet, Jean-Charles; Junfeng, Li; Crepon, Olivier; Tournaye, Dominique; Thornald Decrop, Louis

    2008-01-01

    Energy management encompasses demand regulation (energy sobriety), efficiency improvements (energy efficiency), and the promotion of renewable energies. After opening speeches, a first set of contributions addressed methodological issues and status of energy management, with notably a characterisation of investments in energy efficiency (organisation per sector, economic elaboration combining regulative and financial measures, combination of incentive measures to correct market insufficiencies), an overview of R and D activities in France, a discussion of lessons learned for emerging countries for the experience of energy efficiency in Europe, an overview of actions and investments in China, and of the Chinese policy for renewable energies. The next sessions addressed various themes like urban organisation (energy efficient cities, actions by the AFD, twenty years of energy efficiency in Montpellier in France), the building sector (thermal rehabilitation, equipment and training in China, heat pumps and energy storage), the transport sector (urban transport, reduction of emissions by urban transport, railways), the industrial sector, the production of renewable or efficient energy (promotion of renewable energies in European grids, market perspectives in China). Some case studies are then reported: tri-generation in Montpellier, the revival of small hydraulic plants, development of geothermal energy in France and opportunities in China, coal-bagasse co-generation in France and Maurice Island. The last part addressed financial tools for a high energy quality in China

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

    International Nuclear Information System (INIS)

    Hedegaard, Karsten; Münster, Marie

    2013-01-01

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

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

    International Nuclear Information System (INIS)

    Kozlova, Mariia; Collan, Mikael

    2016-01-01

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

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

    Directory of Open Access Journals (Sweden)

    Pekka Tuominen

    2017-10-01

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

  14. How does market power affect the impact of large scale wind investment in 'energy only' wholesale electricity markets?

    International Nuclear Information System (INIS)

    Browne, Oliver; Poletti, Stephen; Young, David

    2015-01-01

    In the short run, it is well known that increasing wind penetration is likely to reduce spot market electricity prices due to the merit order effect. The long run effect is less clear because there will be a change in new capacity investment in response to the wind penetration. In this paper we examine the interaction between capacity investment, wind penetration and market power by first using a least-cost generation expansion model to simulate capacity investment with increasing amounts of wind generation, and then using a computer agent-based model to predict electricity prices in the presence of market power. We find the degree to which firms are able to exercise market power depends critically on the ratio of capacity to peak demand. For our preferred long run generation scenario we show market power increases for some periods as wind penetration increases however the merit order counteracts this with the results that prices overall remain flat. Returns to peakers increase significantly as wind penetration increases. The market power in turn leads to inefficient dispatch which is exacerbated with large amounts of wind generation. - Highlights: • Increasing investment in wind generation is analyzed using an agent based model. • In an energy only market, increased total capacity reduces market power. • Increasing wind penetration results in more market power in some periods. • Market power causes dispatch inefficiencies, which grow as wind capacity increases.

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2011-10-15

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

  16. Investment in production of renewable energy; Investering i produksjon av fornybar energi: Hvilket avkastningskrav boer Enova SF legge til grunn?

    Energy Technology Data Exchange (ETDEWEB)

    Gjoelberg, Ole; Johnsen, Thore

    2007-12-15

    This study includes an extensive empirical analysis of international rate of return data for single companies and portfolios of companies within renewable and traditional energy. This analysis is the foundation for the calibration for necessary high-risk addition to the project supported by Enova

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

    Directory of Open Access Journals (Sweden)

    Charles A.S. Hall

    2011-10-01

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

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

    International Nuclear Information System (INIS)

    Shishlov, Igor; Bellassen, Valentin

    2013-01-01

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

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

    Directory of Open Access Journals (Sweden)

    Ana Medina

    2016-10-01

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

  20. Factors underlying the investment decision in energy-saving systems in Dutch horticulture

    NARCIS (Netherlands)

    Aramyan, L.H.; Oude Lansink, A.G.J.M.; Verstegen, J.A.A.M.

    2007-01-01

    In the Netherlands the greenhouse sector is a major user of energy. It accounts for 7% of the total national energy use and for 79% of the total energy use in agriculture. In order to sustain this sector on the long term, it is important that its use of energy is lowered. One way of reducing energy

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

    International Nuclear Information System (INIS)

    Brendow, K.

    1998-01-01

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

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

    International Nuclear Information System (INIS)

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

    2014-01-01

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

  3. Valuation of long-term investments in energy assets under uncertainty

    Energy Technology Data Exchange (ETDEWEB)

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

    2009-07-01

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

  4. Valuation of Long-Term Investments in Energy Assets under Uncertainty

    Directory of Open Access Journals (Sweden)

    Luis M. Abadie

    2009-09-01

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

  5. Valuation of long-term investments in energy assets under uncertainty

    International Nuclear Information System (INIS)

    Abadie, L. M.

    2009-01-01

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

  6. Investing in Saskatchewan, sustaining energy development: proceedings of the 8. Saskatchewan petroleum conference

    International Nuclear Information System (INIS)

    1999-01-01

    The theme of the 8. Saskatchewan Petroleum Conference 'Investing in Saskatchewan - Sustaining Energy Development' was explored in 33 papers presented in sessions on operations and facilities, reservoir engineering, exploration and development, improved oil recovery, fluid properties and phase behavior, well logging and completions and environmental concerns. Papers are indexed separately

  7. Proceedings of the 1. Energy regulation and investment conference for Central/Eastern Europe and CIS

    International Nuclear Information System (INIS)

    Energy Regulators Regional Association ERRA

    2002-01-01

    The conference's topics are: Privatization and competition in the on energy issues in Central and Eastern Europe, in Southeast Europe, in the Commonwealth of Independent States; Pricing and investment policies in the regions; Electricity and district heating; Natural gas; Regional electricity trade, 15 papers were indexed and abstracted for the INIS database. (R.P.)

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

    Directory of Open Access Journals (Sweden)

    Yuliia Bashynska

    2015-11-01

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

  9. Energy Inputs Uncertainty: Total Amount, Distribution and Correlation Between Different Forms of Energy

    Science.gov (United States)

    Deng, Yue

    2014-01-01

    Describes solar energy inputs contributing to ionospheric and thermospheric weather processes, including total energy amounts, distributions and the correlation between particle precipitation and Poynting flux.

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

    International Nuclear Information System (INIS)

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

    1980-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2013-03-15

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

  12. Total Cross Sections at High Energies An update

    CERN Document Server

    Fazal-e-Aleem, M; Alam, Saeed; Qadee-Afzal, M

    2002-01-01

    Current and Future measurements for the total cross sections at E-811, PP2PP, CSM, FELIX and TOTEM have been analyzed using various models. In the light of this study an attempt has been made to focus on the behavior of total cross section at very high energies.

  13. Evaluation of Representative Smart Grid Investment Grant Project Technologies: Thermal Energy Storage

    Energy Technology Data Exchange (ETDEWEB)

    Tuffner, Francis K.; Bonebrake, Christopher A.

    2012-02-14

    This document is one of a series of reports estimating the benefits of deploying technologies similar to those implemented on the Smart Grid Investment Grant (SGIG) projects. Four technical reports cover the various types of technologies deployed in the SGIG projects, distribution automation, demand response, energy storage, and renewables integration. A fifth report in the series examines the benefits of deploying these technologies on a national level. This technical report examines the impacts of energy storage technologies deployed in the SGIG projects.

  14. Research on optimal investment path of transmission corridor under the global energy Internet

    Science.gov (United States)

    Huang, Yuehui; Li, Pai; Wang, Qi; Liu, Jichun; Gao, Han

    2018-02-01

    Under the background of the global energy Internet, the investment planning of transmission corridor from XinJiang to Germany is studied in this article, which passes through four countries: Kazakhstan, Russia, Belarus and Poland. Taking the specific situation of different countries into account, including the length of transmission line, unit construction cost, completion time, transmission price, state tariff, inflation rate and so on, this paper constructed a power transmission investment model. Finally, the dynamic programming method is used to simulate the example, and the optimal strategies under different objective functions are obtained.

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

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-07-01

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

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

    International Nuclear Information System (INIS)

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

    2013-01-01

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

  17. Investment inefficiency and the adoption of eco-innovations: The case of household energy efficiency technologies

    International Nuclear Information System (INIS)

    Diaz-Rainey, Ivan; Ashton, John K.

    2015-01-01

    This paper examines the factors determining household adoption of energy efficiency eco-innovations. We do so by testing hypotheses grounded in diffusion and finance theory and the literature on the barriers to energy efficiency. Using two large surveys of UK households, we explore the adoption of nine technologies. Our results indicate ‘investment inefficiency’ amongst household adopters occurs for two reasons. First, contrary to notions of rational choice, we find a negative relationship between the investment return of technologies and their level of diffusion. Second, we show adopters of these technologies display characteristics broadly consistent with diffusion theory, contradicting the prediction of finance theory that investment return, not individual characteristics, should drive adoption. We also find that policy has played a role in inducing the diffusion of these technologies and that tenure and spill-over effects are important in adoption. Finally, adoption is motivated more by a desire to save money than by environmental concern. We conclude by giving examples of how our research can lead to better policy timing and targeting. -- Highlights: •We explore the factors driving household adoption of energy efficiency technologies. •We employ two high quality nationally representative cross sectional surveys. •There is a negative relationship between investment return and level of diffusion. •Adopters display characteristics broadly consistent with diffusion theory. •Policy interventions, tenure effects and spill-over effects also influence adoption

  18. Energy system investment model incorporating heat pumps with thermal storage in buildings and buffer tanks

    International Nuclear Information System (INIS)

    Hedegaard, Karsten; Balyk, Olexandr

    2013-01-01

    Individual compression heat pumps constitute a potentially valuable resource in supporting wind power integration due to their economic competitiveness and possibilities for flexible operation. When analysing the system benefits of flexible heat pump operation, effects on investments should be taken into account. In this study, we present a model that facilitates analysing individual heat pumps and complementing heat storages in integration with the energy system, while optimising both investments and operation. The model incorporates thermal building dynamics and covers various heat storage options: passive heat storage in the building structure via radiator heating, active heat storage in concrete floors via floor heating, and use of thermal storage tanks for space heating and hot water. It is shown that the model is well qualified for analysing possibilities and system benefits of operating heat pumps flexibly. This includes prioritising heat pump operation for hours with low marginal electricity production costs, and peak load shaving resulting in a reduced need for peak and reserve capacity investments. - Highlights: • Model optimising heat pumps and heat storages in integration with the energy system. • Optimisation of both energy system investments and operation. • Heat storage in building structure and thermal storage tanks included. • Model well qualified for analysing system benefits of flexible heat pump operation. • Covers peak load shaving and operation prioritised for low electricity prices

  19. Listing the investment costs and producing material analyses for given plants for energy supply

    International Nuclear Information System (INIS)

    Wagner, H.J.; Hansen, K.; Schoen, R.; Wassmann, B.

    1989-01-01

    In this comparison, the investment and material cost for the following plants are examined: 1. Solar service water treatment plants, 2. Solar heating plants, 3. Conventional comparative plants, 4. Heat pump heating plants, 5. Nuclear power stations and hardcoal-fired power stations, and 6. Wind energy converters. The technique of energy conversion of each is generally explained. In the appendix, points of the use of energy are given for the manufacture of components of the heating and installation trade. Specific energy costs per product unit are compiled for the different branches. (UA) [de

  20. The role of government in supporting the emergence of clean energy venture capital investing in Switzerland

    International Nuclear Information System (INIS)

    Buerer, M.J.; Wuestenhagen, R.

    2005-01-01

    This report for the Swiss Federal Office of Energy (SFOE) takes a look at the role of the Swiss government in supporting the provision of venture capital for clean energy projects. Topics examined include the lack of sufficient venture capital investment in clean energy technology, the situation encountered in Switzerland today as far as energy entrepreneurship is concerned, key challenges and cultural, legal and fiscal aspects. Present government support in these areas, the relevance of current Swiss programmes and improvements that are to be made are also discussed. Also, activities in other countries are examined and suggestions are made concerning new activities to improve the situation in Switzerland

  1. The role of government in supporting the emergence of clean energy venture capital investing in Switzerland

    Energy Technology Data Exchange (ETDEWEB)

    Buerer, M J; Wuestenhagen, R

    2005-07-01

    This report for the Swiss Federal Office of Energy (SFOE) takes a look at the role of the Swiss government in supporting the provision of venture capital for clean energy projects. Topics examined include the lack of sufficient venture capital investment in clean energy technology, the situation encountered in Switzerland today as far as energy entrepreneurship is concerned, key challenges and cultural, legal and fiscal aspects. Present government support in these areas, the relevance of current Swiss programmes and improvements that are to be made are also discussed. Also, activities in other countries are examined and suggestions are made concerning new activities to improve the situation in Switzerland.

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

    International Nuclear Information System (INIS)

    Gayral, L.

    2005-12-01

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

  3. 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.

  4. Energy system investment model incorporating heat pumps with thermal storage in buildings and buffer tanks

    DEFF Research Database (Denmark)

    Hedegaard, Karsten; Balyk, Olexandr

    2013-01-01

    Individual compression heat pumps constitute a potentially valuable resource in supporting wind power integration due to their economic competitiveness and possibilities for flexible operation. When analysing the system benefits of flexible heat pump operation, effects on investments should...... be taken into account. In this study, we present a model that facilitates analysing individual heat pumps and complementing heat storages in integration with the energy system, while optimising both investments and operation. The model incorporates thermal building dynamics and covers various heat storage...... of operating heat pumps flexibly. This includes prioritising heat pump operation for hours with low marginal electricity production costs, and peak load shaving resulting in a reduced need for peak and reserve capacity investments....

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

    International Nuclear Information System (INIS)

    Charlier, Dorothée

    2015-01-01

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

  6. The integration of Chinese and European renewable energy markets: The role of Chinese foreign direct investments

    International Nuclear Information System (INIS)

    Lv, Ping; Spigarelli, Francesca

    2015-01-01

    In the renewable energy (RE) sectors, foreign direct investments are becoming an important mean of regional integration between China and Europe, as a result of the combined effect of Europe–China dialog on energy issues; Chinese energy policy; and Chinese Go Global policy. Using a firm level data set from the Chinese Ministry of Commerce, we perform an analysis on location choice by Chinese RE firms from 2004 to 2013, within Europe. We depict a map of “where to where” (home province vs. host country) and “who to where” (firm level characteristics vs. host country), to find out how characteristics of home and host regions affecting the integration of Chinese and European RE markets. Main results are the following. Investment pairs in RE sectors reflect a duality: firms tend to seek countries with similar institutional environment, compared with their origin regions. Countries with weak and immature institutions are attractive for immature and inexperienced Chinese firms. Main features of Chinese investors are the following: private, non-listed firms, entering through greenfield, focusing on sales. Market-seeking investors tend to enter countries with both well-developed institutional environment and industry development base. R&D-oriented investments are more likely to flow to countries with well-developed institutional environment. -- Highlights: •A map of Where to Where of Chinese investments in Europe is depicted. •Characteristics of home and host regions affect Chinese integration in Europe. •Investment pairs in renewable energy sectors reflect a duality. •Chinese firms localize in EU countries with similar institutional environment. •Through a Who to Where analysis, key features of Chinese investors are outlined

  7. The impact of ICT investment and energy price on industrial electricity demand: Dynamic growth model approach

    Energy Technology Data Exchange (ETDEWEB)

    Cho, Youngsang; Lee, Jongsu; Kim, Tai-Yoo [Technology Management, Economics and Policy Program, College of Engineering, Seoul National University, Shillim-Dong San56-1, Gwanak-Ku, Seoul 151-742 (Korea)

    2007-09-15

    The authors investigate the effects of information and communications technology (ICT) investment, electricity price, and oil price on the consumption of electricity in South Korea's industries using a logistic growth model. The concept electricity intensity is used to explain electricity consumption patterns. An empirical analysis implies that ICT investment in manufacturing industries that normally consume relatively large amounts of electricity promotes input factor substitution away from the labor intensive to the electricity intensive. Moreover, results also suggest that ICT investment in some specific manufacturing sectors is conducive to the reduction of electricity consumption, whereas ICT investment in the service sector and most manufacturing sectors increases electricity consumption. It is concluded that electricity prices critically affect electricity consumption in half of South Korea's industrial sectors, but not in the other half, a finding that differs somewhat from previous research results. Reasons are suggested to explain why the South Korean case is so different. Policymakers may find this study useful, as it answers the question of whether ICT investment can ultimately reduce energy consumption and may aid in planning the capacity of South Korea's national electric power. (author)

  8. The impact of ICT investment and energy price on industrial electricity demand: Dynamic growth model approach

    International Nuclear Information System (INIS)

    Cho, Youngsang; Lee, Jongsu; Kim, Tai-Yoo

    2007-01-01

    The authors investigate the effects of information and communications technology (ICT) investment, electricity price, and oil price on the consumption of electricity in South Korea's industries using a logistic growth model. The concept electricity intensity is used to explain electricity consumption patterns. An empirical analysis implies that ICT investment in manufacturing industries that normally consume relatively large amounts of electricity promotes input factor substitution away from the labor intensive to the electricity intensive. Moreover, results also suggest that ICT investment in some specific manufacturing sectors is conducive to the reduction of electricity consumption, whereas ICT investment in the service sector and most manufacturing sectors increases electricity consumption. It is concluded that electricity prices critically affect electricity consumption in half of South Korea's industrial sectors, but not in the other half, a finding that differs somewhat from previous research results. Reasons are suggested to explain why the South Korean case is so different. Policymakers may find this study useful, as it answers the question of whether ICT investment can ultimately reduce energy consumption and may aid in planning the capacity of South Korea's national electric power. (author)

  9. Energy Returned On Investment of Engineered Geothermal Systems Annual Report FY2011

    Energy Technology Data Exchange (ETDEWEB)

    Mansure, A.J.

    2011-12-31

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

  10. Medium properties and total energy coupling in underground explosions

    International Nuclear Information System (INIS)

    Kurtz, S.R.

    1975-01-01

    A phenomenological model is presented that allows the direct calculation of the effects of variations in medium properties on the total energy coupling between the medium and an underground explosion. The model presented is based upon the assumption that the shock wave generated in the medium can be described as a spherical blast wave at early times. The total energy coupled to the medium is then simply the sum of the kinetic and internal energies of this blast wave. Results obtained by use of this model indicate that the energy coupling is more strongly affected by the medium's porosity than by its water content. These results agree well with those obtained by summing the energy deposited by the blast wave as a function of range

  11. Energy planning and investment for increased earnings: the case of Nigeria's oil and gas resources

    Energy Technology Data Exchange (ETDEWEB)

    Ojo, A T

    1984-03-01

    In view of Nigeria's limited reserves of oil and the high growth rate of oil consumption, and in the wake of the developments in the world oil market since 1981 which have resulted in a drastic shortfall in Nigeria's revenues, the main objective of this article is to highlight some important issues that would spur policy makers towards improved energy planning and increased energy investment in Nigeria so as to assist her in the rationalization of the energy production-mix and consumption, as well as in earning increased revenues from her oil and gas resources. Policymakers in Nigeria are called upon to put an end to further procrastination concerning the liquefied natural gas (LNG) investment project so that the bulk of the country's gas, which is presently being flared, can be re-injected, consumed locally, and exported to supplement dwindling oil revenues. 23 notes and references, 3 tables.

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

    Energy Technology Data Exchange (ETDEWEB)

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

    1979-12-12

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

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

    International Nuclear Information System (INIS)

    Thollander, Patrik; Mardan, Nawzad; Karlsson, Magnus

    2009-01-01

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

  14. Economic analysis model for total energy and economic systems

    International Nuclear Information System (INIS)

    Shoji, Katsuhiko; Yasukawa, Shigeru; Sato, Osamu

    1980-09-01

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

  15. Energy market and investment - political economy of supply security in the market of energy

    International Nuclear Information System (INIS)

    Leban, R.

    2005-01-01

    A market structure that appears to be adapted to achieving a supply security purpose in the sectors of oil power and gas, is an organisation where upstream energy markets include industrial players of adequate sizes involved downstream and where futures exchanges prevail at prices translating anticipations on 'basics' since spot markets are more of adjustment markets. Policy weighs hugely on those markets. The extra competition lately instilled in the electrical and gas markets in developed countries results in no decrease, as complicated exchange rules need to be thought up and the market power needs to be monitored. Political intervention is also carried out in the name of environmental policies, in a strong interaction with the operation of the said markets and therefore with a not insignificant risk of disruption. The oil market is a highly political one, since the key to exchanges, i.e. access to primary resources, is played between producing countries and huge oil and gas companies close to consuming countries. There is a strong temptation in the electrical sector, to add security policies in order to prevail over the market. Gas, which is oil upstream and electrical downstream, requires, in consuming countries, a delicate balance of policies to support operators as buyers and to control the same operators as players of the gas- gas competition. The prognosis on the market's ability to provide safe supply efficiently to citizens if security policies are implemented is rather good in areas where demand is moderately growing and networks are developed. It is however not as good in areas where there are high needs for production and transport investments, i.e. in countries that are developing now, and will be...in Europe soon. (author)

  16. Identification and quantification of principal–agent problems affecting energy efficiency investments and use decisions in the trucking industry

    International Nuclear Information System (INIS)

    Vernon, David; Meier, Alan

    2012-01-01

    Energy related Principal–Agent (PA) problems cause inefficient combinations of investment, operating costs, and usage behavior. The complex market structure of the trucking industry contributes to split incentives because entities responsible for investments in energy efficiency do not always pay fuel costs and drivers are often not rewarded for fuel-efficient operation. Some contractual relationships exist in the trucking industry that hinder responses to fuel price signals. Up to 91% of total trucking fuel consumption in the U.S. is affected by “usage” PA problems, where the driver does not pay fuel costs and lacks incentive for fuel saving operation. Approximately 23% of trailers are exposed to an “efficiency problem” when owners of rented trailers do not pay fuel costs and therefore have little incentive to invest in efficiency upgrades such as improved trailer aerodynamics and reduced tire rolling resistance. This study shows that PA problems have the potential to significantly increase fuel consumption through avoided investments, insufficient maintenance, and fuel-wasting practices. Further research into the causes and effects of PA problems can shape policies to promote better alignment of costs and benefits, leading to reduced fuel use and carbon emissions. - Highlights: ► We identify and quantify principal agent market failures in the trucking industry. ► Up to 91% of truck fuel consumption is exposed to a usage principal–agent market failure. ► Twenty-three percent of trailers are exposed to an efficiency principal–agent market failure. ► These market failures at least partially insulate key decision makers from fuel price signals.

  17. Energy return on (energy) invested (EROI), oil prices, and energy transitions

    International Nuclear Information System (INIS)

    Heun, Matthew Kuperus; de Wit, Martin

    2012-01-01

    Very little work has been done so far to model, test, and understand the relationship between oil prices and EROI over time. This paper investigates whether a declining EROI is associated with an increasing oil price and speculates on the implications of these results on oil policy. A model of the relationship between EROI and oil market prices was developed using basic economic and physical assumptions and non-linear least-squares regression models to correlate oil production price with EROI using available data from 1954–1996. The model accurately reflects historical oil prices (1954–1996), and it correlates well with historical oil prices (1997–2010) if a linear extrapolation of EROI decline is assumed. As EROI declines below 10, highly non-linear oil price movements are observed. Increasing physical oil scarcity is already providing market signals that would stimulate a transition away from oil toward alternative energy sources. But, price signals of physical oil scarcity are not sufficient to guarantee smooth transitions to alternative fuel sources, especially when there is insufficient oil extraction technology development, a declining mark-up ratio, a non-linear EROI–cost of production relationship, and a non-linear EROI–price relationship. - Highlights: ► A model of the relationship between EROI and oil prices has been developed. ► As EROI declines below 10, highly non-linear oil price movements are expected. ► Physical oil scarcity provides market signals for a transition to alternatives. ► Scarcity price signals are insufficient for smooth transitions to alternatives.

  18. Transportation Energy Futures Series: Vehicle Technology Deployment Pathways: An Examination of Timing and Investment Constraints

    Energy Technology Data Exchange (ETDEWEB)

    Plotkin, S.; Stephens, T.; McManus, W.

    2013-03-01

    Scenarios of new vehicle technology deployment serve various purposes; some will seek to establish plausibility. This report proposes two reality checks for scenarios: (1) implications of manufacturing constraints on timing of vehicle deployment and (2) investment decisions required to bring new vehicle technologies to market. An estimated timeline of 12 to more than 22 years from initial market introduction to saturation is supported by historical examples and based on the product development process. Researchers also consider the series of investment decisions to develop and build the vehicles and their associated fueling infrastructure. A proposed decision tree analysis structure could be used to systematically examine investors' decisions and the potential outcomes, including consideration of cash flow and return on investment. This method requires data or assumptions about capital cost, variable cost, revenue, timing, and probability of success/failure, and would result in a detailed consideration of the value proposition of large investments and long lead times. This is one of a series of reports produced as a result of the Transportation Energy Futures (TEF) project, a Department of Energy-sponsored multi-agency effort to pinpoint underexplored strategies for abating GHGs and reducing petroleum dependence related to transportation.

  19. Transportation Energy Futures Series. Vehicle Technology Deployment Pathways. An Examination of Timing and Investment Constraints

    Energy Technology Data Exchange (ETDEWEB)

    Plotkin, Steve [Argonne National Lab. (ANL), Argonne, IL (United States); Stephens, Thomas [Argonne National Lab. (ANL), Argonne, IL (United States); McManus, Walter [Oakland Univ., Rochester, MI (United States)

    2013-03-01

    Scenarios of new vehicle technology deployment serve various purposes; some will seek to establish plausibility. This report proposes two reality checks for scenarios: (1) implications of manufacturing constraints on timing of vehicle deployment and (2) investment decisions required to bring new vehicle technologies to market. An estimated timeline of 12 to more than 22 years from initial market introduction to saturation is supported by historical examples and based on the product development process. Researchers also consider the series of investment decisions to develop and build the vehicles and their associated fueling infrastructure. A proposed decision tree analysis structure could be used to systematically examine investors' decisions and the potential outcomes, including consideration of cash flow and return on investment. This method requires data or assumptions about capital cost, variable cost, revenue, timing, and probability of success/failure, and would result in a detailed consideration of the value proposition of large investments and long lead times. This is one of a series of reports produced as a result of the Transportation Energy Futures (TEF) project, a Department of Energy-sponsored multi-agency effort to pinpoint underexplored strategies for abating GHGs and reducing petroleum dependence related to transportation.

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

    International Nuclear Information System (INIS)

    Tolis, Athanasios; Tatsiopoulos, Ilias; Doukelis, Aggelos

    2010-01-01

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

  1. Kepler-Chevreux: 100 billions invested in solar photovoltaic and wind energy produce more energy than with oil

    International Nuclear Information System (INIS)

    Danielo, Olivier

    2014-01-01

    This article discusses the calculation of a new index created by Kepler-Chevreux experts: the energy return on invested capital, EROCI. This index reveals the benefit of solar-energy and wind-energy based electro-mobility compared to the oil-based thermo-mobility. This index only takes economic issues into account, but not the benefits in terms of public health, environment, climate or geopolitics. It also outlines that whenever oil prices increase or decrease, the oil sector has reached a dead end, and that photovoltaic and wind energy present a growing interest among not only ecologists but also finance experts

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2004-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2004-01-01

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

  4. Energy transition: which investments for which competitiveness? Understanding German, Spanish and British strategies

    International Nuclear Information System (INIS)

    2013-01-01

    This document reports a study which aimed at a better understanding of energy transition strategies in Germany, Spain and United Kingdom. It outlines that these strategies are different and give contrasted results, that economic implication of energy transition programmes are also different. Two financing approaches are identified (mainly by private investors, or by mobilizing all types of financial support), and therefore two economic strategies (productivity-oriented investments, or search for a structural competitiveness with a new growth model). The report notices that there is no reference study of the impact of energy transition on employment

  5. Geography and the costs of urban energy infrastructure: The case of electricity and natural gas capital investments

    Science.gov (United States)

    Senyel, Muzeyyen Anil

    Investments in the urban energy infrastructure for distributing electricity and natural gas are analyzed using (1) property data measuring distribution plant value at the local/tax district level, and (2) system outputs such as sectoral numbers of customers and energy sales, input prices, company-specific characteristics such as average wages and load factor. Socio-economic and site-specific urban and geographic variables, however, often been neglected in past studies. The purpose of this research is to incorporate these site-specific characteristics of electricity and natural gas distribution into investment cost model estimations. These local characteristics include (1) socio-economic variables, such as income and wealth; (2) urban-related variables, such as density, land-use, street pattern, housing pattern; (3) geographic and environmental variables, such as soil, topography, and weather, and (4) company-specific characteristics such as average wages, and load factor. The classical output variables include residential and commercial-industrial customers and sales. In contrast to most previous research, only capital investments at the local level are considered. In addition to aggregate cost modeling, the analysis focuses on the investment costs for the system components: overhead conductors, underground conductors, conduits, poles, transformers, services, street lighting, and station equipment for electricity distribution; and mains, services, regular and industrial measurement and regulation stations for natural gas distribution. The Box-Cox, log-log and additive models are compared to determine the best fitting cost functions. The Box-Cox form turns out to be superior to the other forms at the aggregate level and for network components. However, a linear additive form provides a better fit for end-user related components. The results show that, in addition to output variables and company-specific variables, various site-specific variables are statistically

  6. A General Mathematical Framework for Calculating Systems-Scale Efficiency of Energy Extraction and Conversion: Energy Return on Investment (EROI) and Other Energy Return Ratios

    OpenAIRE

    Adam R. Brandt; Michael Dale

    2011-01-01

    The efficiencies of energy extraction and conversion systems are typically expressed using energy return ratios (ERRs) such as the net energy ratio (NER) or energy return on investment (EROI). A lack of a general mathematical framework prevents inter-comparison of NER/EROI estimates between authors: methods used are not standardized, nor is there a framework for succinctly reporting results in a consistent fashion. In this paper we derive normalized mathematical forms of four ERRs for energy ...

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

    Directory of Open Access Journals (Sweden)

    Milčiuvienė Saulė

    2014-06-01

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

  8. Financing of power/energy investments in the Asia Pacific region

    International Nuclear Information System (INIS)

    Krishnaswamy, V.

    1994-01-01

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

  9. Evaluation of wind energy investment interest and electricity generation cost analysis for Turkey

    International Nuclear Information System (INIS)

    Akdag, Seyit Ahmet; Gueler, Oender

    2010-01-01

    Turkey has remarkable wind energy potential, but its utilisation rate is very low. However, in 2007, energy investors applied to the Energy Market Regulatory Authority (EMRA) with 751 wind projects to obtain a 78180.2 MW wind power plant license. This paper first presents an overview of wind energy development in the world and then reviews related situations in Turkey. Second, to motivate the interest in wind energy investment, new wind power plant license applications in Turkey are analysed. Finally, wind electricity generation cost analyses were performed at 14 locations in Turkey. Capacity factors of investigated locations were calculated between 19.7% and 56.8%, and the production cost of electrical energy was between 1.73 and 4.99 cent/kW h for two different wind shear coefficients. (author)

  10. Energy conservation: an alternative for investment in the oil sector for OPEC member countries

    International Nuclear Information System (INIS)

    Zamani, M.

    2005-01-01

    Investment in the oil sector is the main policy of expanding net crude oil export capacity in OPEC Member Countries. The other alternative should be improving energy conservation policies. Since these countries benefit from cheap energy sources, it is reasonable to expect inefficient use of energy in their economies, resulting in relatively high energy intensity. This paper deals with the causality relationship between energy consumption and gross domestic product (GDP). First, stationary tests are run. Second, if there is a cointegrating relationship, an error correction model is applied; otherwise a standard Granger causality test is conducted. It was discovered that for all OPEC Member Countries we cannot statistically accept causality running from energy to GDP. Therefore, not only are proper conservation policies not a threat to economic growth, they also lead to an expansion of oil export capacity. (author)

  11. REAL OPTIONS ANALYSIS – ASSESSMENT METHOD OF INVESTMENT PROJECTS IN GREEN ENERGY

    Directory of Open Access Journals (Sweden)

    MAFTEI DANIEL

    2014-10-01

    Full Text Available This article highlights the importance of real options as a evaluation method of investment in green energy. Article consider several theoretical and practical approaches, the analysis based on real options by many authors who have theorized and used this method. Each approach provides a operationalisation through a steps series of specific evaluation. This paper highlights the different views: academics, financiers, managers and facilitates the access to an accurate evaluation decisions of projects.

  12. Total energy consumption in Finland increased by one percent

    International Nuclear Information System (INIS)

    Timonen, L.

    2000-01-01

    The total energy consumption in Finland increased by less than a percent in 1999. The total energy consumption in 1999 was 1310 PJ corresponding to about 31 million toe. The electric power consumption increased moderately by 1.6%, which is less than the growth of the gross national product (3.5%). The final consumption of energy grew even less, only by 0.5%. Import of electric power increased by 19% in 1999. The import of electric power was due to the availability of low-priced electric power on the Nordic electricity markets. Nuclear power generation increased by 5% and the consumption of wood-based fuels by 3%. The increment of the nuclear power generation increased because of the increased output capacity and good operability of the power plants. Wind power production doubles, but the share of it in the total energy consumption is only about 0.01%. The peat consumption decreased by 12% and the consumption of hydroelectric power by 15%. The decrease in production of hydroelectric power was compensated by an increase import of electric power. The consumption of fossil fuels, coal, oil and natural gas remained nearly the same as in 1998. The gasoline consumption, however, decreased, but the consumption of diesel oil increased due to the increased road transport. The share of the fossil fuels was nearly half of the total energy consumption. The consumption of renewable energy sources remained nearly the same, in 23% if the share of peat is excluded, and in 30% if the share of peat is included. Wood-based fuels are the most significant type of renewable fuels. The share of them in 1999 was over 80% of the total usage of the renewable energy sources. The carbon dioxide emissions in Finland decreased in 1999 by 1.0 million tons. The total carbon dioxide emissions were 56 million tons. The decrease was mainly due to the decrease of the peat consumption. The final consumption of energy increased by 0.5%, being hence about 1019 PJ. Industry is the main consumer of energy

  13. Energy consumption and total factor productivity growth in Iranian agriculture

    Directory of Open Access Journals (Sweden)

    Reza Moghaddasi

    2016-11-01

    Full Text Available In this study we investigated the relation between energy consumption and growth of total factor productivity (TFP of agriculture in Iran from 1974 to 2012 using Solow residual method. The results from estimated aggregate Cobb–Douglas production function showed that one percent change in the value of labor, capital and energy will lead to 4.07, 0.09 and 0.49 percent change in agriculture value added, respectively. Also in a long term, based on the Johansen cointegration test, there is a negative relation between TFP growth and energy consumption in Iranian agriculture which might be due to cheap and inefficient energy use in this sector. Gradual liberalization of energy price and use of so called green box support policies is recommended.

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

    International Nuclear Information System (INIS)

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

    2017-01-01

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

  15. A multisite interaction expansion of the total energy in metals

    International Nuclear Information System (INIS)

    Sowa, E.C.; Gonis, A.

    1994-01-01

    The local-density approximation provides a proper setting for the decomposition of total energy into many-body (many-atom) contributions. Multiple scattering theory in turn provides a convenient framework for carrying out this process. We illustrate this concept with calculations on a linear chain of atoms in bulk copper

  16. Synthesis to Special Issue on New Studies in EROI (Energy Return on Investment

    Directory of Open Access Journals (Sweden)

    Charles A.S. Hall

    2011-12-01

    Full Text Available This paper is a synthesis of a series of twenty papers on the topic of EROI, or energy return on investment. EROI is simply the energy gained from an energy-obtaining effort divided by the energy used to get that energy. For example, one barrel of oil invested into getting oil out of the ground might return fifty, thirty, ten or one barrel, depending when and where the process is taking place. It is meant to be read in conjunction with the first paper in this special issue and also a number of the papers themselves. As such I try to summarize what general trends we might conclude from these varied and often highly technical papers. About half of the papers are reports on empirical analyses of various energy sources such as Norwegian or Gulf of Mexico oil, Pennsylvania gas and so on. About a quarter of the papers are methodological: how do we go about undertaking these analyses, what problems are there, what are the proper boundaries and so on. The final quarter are in a sense philosophical: since it appears that we will be living indefinitely in a world of decreasing EROIs, what are the economic, social and psychological implications? The rest of this paper summarizes the results of these studies.

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

    International Nuclear Information System (INIS)

    Sandberg, Peter; Soederstroem, Mats

    2003-01-01

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

  18. Concerted actions to support investments exploiting low-enthalpy geothermal energy

    International Nuclear Information System (INIS)

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

    1996-01-01

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

  19. More caution is needed when using life cycle assessment to determine energy return on investment (EROI)

    International Nuclear Information System (INIS)

    Arvesen, Anders; Hertwich, Edgar G.

    2015-01-01

    Cumulative energy demand (CED) estimates from life cycle assessments (LCAs) are increasingly used to determine energy return on investment (EROI), but the difference in indicators can lead to a misclassification of energy flows in the assessment. The core idea of EROI is to measure the relation of energy diverted from society to make energy available to society. CED, on the other hand, includes forms of energy that are not appropriated by society, such as fugitive methane emissions from oil wells as well as losses of heating value of coal during transport and storage. Such energy forms should be excluded from EROI; failure to do so leads to results that are inconsistent with the intention of EROI and potentially misleading. We demonstrate how this problem is at least partially rectifiable by adopting consistent energy accounting, but also note that among the energy flows not appropriated by society occurring in CED, not all flows can easily be removed. Further, we point to inconsistencies in heating value assumptions in a widely used database that have misled analysts. Finally, we argue that the differential weighting of primary energy forms in published CED-based EROI work is unsubstantiated and should be reconsidered. - Highlights: • LCA can be used to determine EROI, but misclassification of energy flows can occur. • Supply chain losses included in LCA need to be adjusted for when determining EROI. • Inconsistencies in heating value assumptions in LCA databases have misled analysts. • Differential weighting of primary energy forms in LCA-EROI should be reconsidered

  20. Ecological total-factor energy efficiency of regions in China

    International Nuclear Information System (INIS)

    Li Lanbing; Hu Jinli

    2012-01-01

    Most existing energy efficiency indices are computed without taking into account undesirable outputs such as CO 2 and SO 2 emissions. This paper computes the ecological total-factor energy efficiency (ETFEE) of 30 regions in China for the period 2005–2009 through the slack-based model (SBM) with undesirable outputs. We calculate the ETFEE index by comparing the target energy input obtained from SBM with undesirable outputs to the actual energy input. Findings show that China's regional ETFEE still remains a low level of around 0.600 and regional energy efficiency is overestimated by more than 0.100 when not looking at environmental impacts. China's regional energy efficiency is extremely unbalanced: the east area ranks first with the highest ETFEE of above 0.700, the northeast and central areas follow, and the west area has the lowest ETFEE of less than 0.500. A monotone increasing relation exists between the area's ETFEE and China's per capita GDP. The truncated regression model shows that the ratio of R and D expenditure to GDP and the degree of foreign dependence have positive impacts, whereas the ratio of the secondary industry to GDP and the ratio of government subsidies for industrial pollution treatment to GDP have negative effects, on the ETFEE. - Highlights: ► Most energy efficiency indices ignore undesirable outputs such as CO 2 and SO 2 emissions. ► The ecological total-factor energy efficiency (ETFEE) is computed by slack-based model (SBM). ► The datasets contains 30 regions in China for the period 2005–2009. ► China's regional energy efficiency is extremely unbalanced. ► A monotone increasing relation exists between ETFEE and per capita GDP.

  1. Efficient use of energy: investment practice in industry; Effiziente Energienutzung: Investitionspraxis in der Industrie

    Energy Technology Data Exchange (ETDEWEB)

    Kuster, J. [BHP - Brugger, Hanser und Partner AG, Zuerich (Switzerland); Zweiacker, J.-F. [Rapp AG Ingenieure und Planer, Biel (Switzerland); Rosch, M. [Consulting Verfahrenstechnik, Allschwil (Switzerland)

    2000-07-01

    This report for the Swiss Federal Office of Energy (SFOE) presents the results of a study made on drying processes used in industry and possible ways of promoting investment in measures to increase the efficient use of energy. The energy consumption of dehydration and drying processes used in industry is examined and the savings potential for these processes estimated. Examples of the processes investigated are given and figures for the energy consumption for dehydration and drying processes in several different industrial sectors are quoted. The report then examines, on the one hand, the factors that hem innovations in this area and, on the other, those that promote them. Further, the report looks into which reasons are responsible for the realisation or non-realisation of technically and economically viable solutions for improving the energy-efficiency of the dehydration and drying processes.

  2. Foreign direct investment (FDI) in energy/electricity projects in the economies in transition

    International Nuclear Information System (INIS)

    Brendow, K.

    1995-01-01

    Registered foreign direct investments (FDI) in energy/ electricity projects in central and eastern Europe and the CIS are weak and disappointing compared with expectations and business opportunities. In addition, energy FDI is highly concentrated in oil and gas exploration/extraction. FDI opportunities in electricity generation, transmission and distribution while being explored, have not been implemented, mostly for legislation restriction reasons towards foreign participation. The major issue appears to be the extent of privatization of this politically and socially sensitive industry. Progress are made in Hungary, Poland and the Czech Republic. A significant breakthrough depends on political stability, economic recovery and progress in privatization. 2 figs

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

    International Nuclear Information System (INIS)

    Hu Yuan

    2012-01-01

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

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2001-12-01

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

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

    International Nuclear Information System (INIS)

    Varenio, Celine

    2012-01-01

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

  6. Stimulation of investment in international energy through Nigerian tax exemption laws

    International Nuclear Information System (INIS)

    Osimiri, U.J.

    2002-01-01

    This article assesses the impact of recent tax exemption legislation as a vehicle for the attraction of investment in the quest for the development of international energy in Nigeria, particularly oil and gas. It seeks to argue that generous tax incentives are the most successful method of inducement of foreign investors, judging from the rising profile in the expansion of investment in the gas sector and the attendant increase in world trade. It attempts to assert that tax incentives alone, without the combination of other favourable factors, like political stability, observance of the rule of law and deregulation or trade liberalisation, cannot produce the desired result of local industrialisation and integration into the world economy. (author)

  7. Phase change thermal storage for a solar total energy system

    Science.gov (United States)

    Rice, R. E.; Cohen, B. M.

    1978-01-01

    An analytical and experimental program is being conducted on a one-tenth scale model of a high-temperature (584 K) phase-change thermal energy storage system for installation in a solar total energy test facility at Albuquerque, New Mexico, U.S.A. The thermal storage medium is anhydrous sodium hydroxide with 8% sodium nitrate. The program will produce data on the dynamic response of the system to repeated cycles of charging and discharging simulating those of the test facility. Data will be correlated with a mathematical model which will then be used in the design of the full-scale system.

  8. Energy - Lessons learned from the Energiewende. Interview: 'Germany does not invest enough'

    International Nuclear Information System (INIS)

    Dupin, Ludovic; Moragues, Manuel; Davesne, Solene

    2013-01-01

    One article gives an overview of the results and costs of the German policy for energy transition, its successes in terms of jobs, its high costs, its unexpected increase of greenhouse gas emissions due to the increased use of coal and lignite, its problems in terms of energy transport needs from one part of the country where renewable energies are produced, to another part where they are consumed, its effects in terms of loss of value for energy operators and in terms of financial consequences for the electricity market. In an interview, the chairman of the BDI (the German industry federation) evokes the economic and financial needs of the German industry, comments the outcome of the Merkel's industrial policy, the evolution of the German growth, the possibilities to develop consumption, the fact that Germans do not invest enough, and the choice made to phase out nuclear, and finally briefly gives its point of view on France

  9. The energy return on energy investment (EROI) of photovoltaics: Methodology and comparisons with fossil fuel life cycles

    International Nuclear Information System (INIS)

    Raugei, Marco; Fullana-i-Palmer, Pere; Fthenakis, Vasilis

    2012-01-01

    A high energy return on energy investment (EROI) of an energy production process is crucial to its long-term viability. The EROI of conventional thermal electricity from fossil fuels has been viewed as being much higher than those of renewable energy life-cycles, and specifically of photovoltaics (PVs). We show that this is largely a misconception fostered by the use of outdated data and, often, a lack of consistency among calculation methods. We hereby present a thorough review of the methodology, discuss methodological variations and present updated EROI values for a range of modern PV systems, in comparison to conventional fossil-fuel based electricity life-cycles. - Highlights: ► We perform a review of the EROI methodology. ► We provide new calculations for PV compared to oil- and coal-based energy systems. ► If compared consistently, PV sits squarely in the same range of EROI as conventional fossil fuel life cycles.

  10. In-Depth Review of the Investment Climate and Market Structure in the Energy Sector. Azerbaijan

    International Nuclear Information System (INIS)

    2005-01-01

    Azerbaijan is located at the crossroads of the Middle East, Europe and Asia. It is a republic with a presidential form of government. Azerbaijan was admitted to the Council of Europe in 1991, and is an observer in the WTO since 1997. The country is rich in oil and gas resources, which offer great potential for its future development. Azerbaijan's macroeconomic performance in recent years has been robust. GDP grew at a rate of approximately ten per cent per year, and inflation has been held below two per cent. Extraction and processing of oil and gas-related activities account for more than 30 per cent of GDP, and may increase further in the future. The Azerbaijani currency, the manat, is stable. The consolidated government budget recorded a surplus of 1.5 per cent of GDP in 2001. The external debt ratio continues to be moderate at about 22% of GDP in 2001. Azerbaijan fulfils the conditions of Article VIII of the IMF's Articles of Agreement. Azerbaijan welcomes foreign investment. It has attracted significant amounts of FDI in recent years (total FDI stocks currently stand at USD 3.8 billion), of which more than 65 per cent have flown into the oil and gas sector. Further investments in the range of USD 10 billion are expected in the coming years, mainly in connection with the development of newly discovered oil and gas fields. The Azeri government accords high priority to liberalisation, private sector development and the establishment of a market economy. A number of important steps have been taken in recent years in this direction. In 2001, a new State Oil Fund was set up, to serve as an instrument for economic stability and future economic development. Reform programs aiming at poverty reduction and economic growth were launched under the auspices of the IMF and the World Bank. A new Privatisation Law was adopted in May 2000. The restructuring of the gas sector is under preparation. First steps to privatise the electricity sector have been undertaken. In order to

  11. Assessing the Investment Climate for Climate Investments : A Comparative Framework for Clean Energy Investments in South Asia in a Global Context

    OpenAIRE

    Mani, Muthukumara S.

    2012-01-01

    One of the strong messages that came out of the recent United Nations Climate Change conference in Durban was that the private sector has to play an important role if we are to globally move toward a low carbon, climate resilient -- or "climate compatible" -- future. However, private investment will only flow at the scale and pace necessary if it is supported by clear, credible, and long-t...

  12. Total Corporate social responsibility report 2004. Sharing our energy

    International Nuclear Information System (INIS)

    2005-05-01

    This document presents the social and environmental activities of the group Total for the year 2004. It provides information on the ethical aspects of the governance, the industrial security, the environmental policy, the public health and the occupational safety, the social liability and the economical and social impact of the group activities in the local development, the contribution to the climatic change fight and the development of other energy sources. (A.L.B.)

  13. An Optimization Framework for Investment Evaluation of Complex Renewable Energy Systems

    Directory of Open Access Journals (Sweden)

    David Olave-Rojas

    2017-07-01

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

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

    Directory of Open Access Journals (Sweden)

    Hasovic Zihnija

    2015-01-01

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

  15. Elastic scattering and total cross section at very high energies

    International Nuclear Information System (INIS)

    Castaldi, R.; Sanguinetti, G.

    1985-01-01

    The aim of this review is to summarize the recent progress in the field of elastic scattering and total cross section in this new energy domain. In Section 2 a survey of the experimental situation is outlined. The most significant data are presented, with emphasis on the interpretation, not the specific details or technicalities. This section is therefore intended to give a self-contained look at the field, especially for the nonspecialist. In Section 3, hadron scattering at high energy is described in an impact parameter picture, which provides a model-independent intuitive geometrical representation. The diffractive character of elastic scattering, seen as the shadow of inelastic absorption, is presented as a consequence of unitarity in the s-channel. Spins are neglected throughout this review, inasmuch as the asymptotic behavior in the very high-energy limit is the main concern here. In Section 4 some relevant theorems are recalled on the limiting behavior of hadron-scattering amplitudes at infinite energy. There is also a brief discussion on how asymptotically rising total cross sections imply scaling properties in the elastic differential cross sections. A quick survey of eikonal models is presented and their predictions are compared with ISR and SPS Collider data

  16. Energy supply planning in Iran by using fuzzy linear programming approach (regarding uncertainties of investment costs)

    International Nuclear Information System (INIS)

    Sadeghi, Mehdi; Mirshojaeian Hosseini, Hossein

    2006-01-01

    For many years, energy models have been used in developed or developing countries to satisfy different needs in energy planning. One of major problems against energy planning and consequently energy models is uncertainty, spread in different economic, political and legal dimensions of energy planning. Confronting uncertainty, energy planners have often used two well-known strategies. The first strategy is stochastic programming, in which energy system planners define different scenarios and apply an explicit probability of occurrence to each scenario. The second strategy is Minimax Regret strategy that minimizes regrets of different decisions made in energy planning. Although these strategies have been used extensively, they could not flexibly and effectively deal with the uncertainties caused by fuzziness. 'Fuzzy Linear Programming (FLP)' is a strategy that can take fuzziness into account. This paper tries to demonstrate the method of application of FLP for optimization of supply energy system in Iran, as a case study. The used FLP model comprises fuzzy coefficients for investment costs. Following the mentioned purpose, it is realized that FLP is an easy and flexible approach that can be a serious competitor for other confronting uncertainties approaches, i.e. stochastic and Minimax Regret strategies. (author)

  17. Total-factor energy efficiency of regions in Japan

    International Nuclear Information System (INIS)

    Honma, Satoshi; Hu, Jin-Li

    2008-01-01

    This study computes the regional total-factor energy efficiency (TFEE) in Japan by employing the data envelopment analysis (DEA). A dataset of 47 prefectures in Japan for the period 1993-2003 is constructed. There are 14 inputs, including three production factors (labor employment, private, and public capital stocks) and 11 energy sources (electric power for commercial and industrial use, electric power for residential use, gasoline, kerosene, heavy oil, light oil, city gas, butane gas, propane gas, coal, and coke). GDP is the sole output. Following Fukao and Yue [2000. Regional factor inputs and convergence in Japan-how much can we apply closed economy neoclassical growth models? Economic Review 51, 136-151 (in Japanese)], data on private and public capital stocks are extended. All the nominal variables are transformed into real variables, taking into consideration the 1995 price level. For kerosene, gas oil, heavy oil, butane gas, coal, and coke, there are a few prefectures with TFEEs less than 0.7. The five most inefficient prefectures are Niigata, Wakayama, Hyogo, Chiba, and Yamaguchi. Inland regions and most regions along the Sea of Japan are efficient in energy use. Most of the inefficient prefectures that are developing mainly upon energy-intensive industries are located along the Pacific Belt Zone. A U-shaped relation similar to the environmental Kuznets curve (EKC) is discovered between energy efficiency and per capita income for the regions in Japan

  18. Total-factor energy efficiency of regions in Japan

    Energy Technology Data Exchange (ETDEWEB)

    Honma, Satoshi [Faculty of Economics, Kyushu Sangyo University, 2-3-1 Matsukadai, Higashi-ku, Fukuoka 813-8503 (Japan); Hu, Jin-Li [Institute of Business and Management, National Chiao Tung University (China)

    2008-02-15

    This study computes the regional total-factor energy efficiency (TFEE) in Japan by employing the data envelopment analysis (DEA). A dataset of 47 prefectures in Japan for the period 1993-2003 is constructed. There are 14 inputs, including three production factors (labor employment, private, and public capital stocks) and 11 energy sources (electric power for commercial and industrial use, electric power for residential use, gasoline, kerosene, heavy oil, light oil, city gas, butane gas, propane gas, coal, and coke). GDP is the sole output. Following Fukao and Yue [2000. Regional factor inputs and convergence in Japan - how much can we apply closed economy neoclassical growth models? Economic Review 51, 136-151 (in Japanese)], data on private and public capital stocks are extended. All the nominal variables are transformed into real variables, taking into consideration the 1995 price level. For kerosene, gas oil, heavy oil, butane gas, coal, and coke, there are a few prefectures with TFEEs less than 0.7. The five most inefficient prefectures are Niigata, Wakayama, Hyogo, Chiba, and Yamaguchi. Inland regions and most regions along the Sea of Japan are efficient in energy use. Most of the inefficient prefectures that are developing mainly upon energy-intensive industries are located along the Pacific Belt Zone. A U-shaped relation similar to the environmental Kuznets curve (EKC) is discovered between energy efficiency and per capita income for the regions in Japan. (author)

  19. Creating Synergies from Renewable Energy Investments, a Community Success Story from Lolland, Denmark

    Directory of Open Access Journals (Sweden)

    Andrea M. Bassi

    2009-11-01

    Full Text Available The island of Lolland is a showcase example of a remote local community being able to stand up to the challenges of facing environmental and social consequences of climate change while creating economic opportunities. This island has had many years of experience in implementing renewable energy (RE projects as a way to combating peripheral poverty and promoting economic growth in a relatively remote area. The development strategy lies within the unique concept of Lolland Community Testing Facilities (CTF, which creates a forum between the private sector, research institutions and local political authorities by exploiting synergies among green investments and providing an international testing and demonstration platform for renewable energy technology and products. The present paper aims at giving an overview of integrated longer term energy planning based on Lolland CTF, its components and main features, while highlighting those critical characteristics that could make the CTF model successful and relevant for RE-based local development worldwide.

  20. Total Corporate social responsibility report 2004. Sharing our energy; TOTAL rapport societal and environnemental 2004. Notre energie en partage

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-05-15

    This document presents the social and environmental activities of the group Total for the year 2004. It provides information on the ethical aspects of the governance, the industrial security, the environmental policy, the public health and the occupational safety, the social liability and the economical and social impact of the group activities in the local development, the contribution to the climatic change fight and the development of other energy sources. (A.L.B.)

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

    International Nuclear Information System (INIS)

    Shoai-Tehrani, Bianka

    2014-01-01

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

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

    International Nuclear Information System (INIS)

    Shoai-Tehrani, Bianka

    2014-01-01

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

  3. The energy sector : an investment in the people and communities of Atlantic Canada

    International Nuclear Information System (INIS)

    2008-01-01

    The opportunity for Atlantic Canada to meet the North American demand for more energy and increased security was discussed. Energy accounts for nearly half of all exports from Atlantic Canada. The region delivers oil, natural gas and electricity to its own communities and for export around the continent and is poised to significantly increase its reach, given its proximity to the New England States. Over the past decade, the energy industry in Atlantic Canada has laid the foundation for what has become one of the most significant sectors in the regional economy. It has a diverse mix of traditional thermal and hydroelectric generation with newer technology such as nuclear, wind, bioenergy and tidal. The discovery and development of offshore oil and gs fields at the end of the twentieth century significantly enhanced the regional energy sector and shifted the public policy focus from domestic production to the development of export markets. The projects have brought significant outside investment from a broad range of oil and gas companies. This paper listed the projects and players in the energy sector in New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador. The issue of exporting energy resources and importing human resources was also considered. A list of skilled trades, professional services and support services that will be needed by the Atlantic Canadian energy sector over the next decade was also provided. It was noted that employment growth is driven by demographics, technology and the trend for environmental stewardship. 9 refs., 2 tabs

  4. Control of Greenhouse Gas Emissions by Optimal DER Technology Investment and Energy Management in Zero-Net-Energy Buildings

    International Nuclear Information System (INIS)

    Stadler, Michael; Siddiqui, Afzal; Marnay, Chris; Aki, Hirohisa; Lai, Judy

    2009-01-01

    The U.S. Department of Energy has launched the commercial building initiative (CBI) in pursuit of its research goal of achieving zero-net-energy commercial buildings (ZNEB), i.e. ones that produce as much energy as they use. Its objective is to make these buildings marketable by 2025 such that they minimize their energy use through cutting-edge, energy-efficiency technologies and meet their remaining energy needs through on-site renewable energy generation. This paper examines how such buildings may be implemented within the context of a cost- or CO2-minimizing microgrid that is able to adopt and operate various technologies: photovoltaic modules (PV) and other on-site generation, heat exchangers, solar thermal collectors, absorption chillers, and passive/demand-response technologies. A mixed-integer linear program (MILP) that has a multi-criteria objective function is used. The objective is minimization of a weighted average of the building's annual energy costs and CO2 emissions. The MILP's constraints ensure energy balance and capacity limits. In addition, constraining the building's energy consumed to equal its energy exports enables us to explore how energy sales and demand-response measures may enable compliance with the ZNEB objective. Using a commercial test site in northernCalifornia with existing tariff rates and technology data, we find that a ZNEB requires ample PV capacity installed to ensure electricity sales during the day. This is complemented by investment in energy-efficient combined heat and power (CHP) equipment, while occasional demand response shaves energy consumption. A large amount of storage is also adopted, which may be impractical. Nevertheless, it shows the nature of the solutions and costs necessary to achieve a ZNEB. Additionally, the ZNEB approach does not necessary lead to zero-carbon (ZC) buildings as is frequently argued. We also show a multi-objective frontier for the CA example, whichallows us to estimate the needed technologies

  5. Investments in Fossil Energy Technology: How the Government's Fossil Energy R&D Program Has Made a Difference

    Science.gov (United States)

    1997-03-01

    America has the technological capacity to change its energy future. There is no reason, for example, why our nation must continue following a path of rising oil imports when billions of barrels of crude oil remain in domestic oil fields. There is no reason why we cannot continue to use our abundant supplies of high-value, low-cost coal when we have the scientific know-how to remove virtually all of its pollutants and reduce greenhouse gas emissions. There is no reason why we cannot turn increasingly to clean-burning natural gas and tap the huge supplies we know exist within our borders. We remain a nation rich in the fuels that have powered economic growth. Today 85 percent of the energy we use to heat our homes and businesses, generate our electricity, and fuel our vehicles comes from coal, petroleum and natural gas. As we move toward a new century, the contributions of these fuels will grow. By 2015, the United States is likely to require nearly 20 percent more energy than it uses today, and fossil fuels are projected to supply almost 88 percent of the energy Americans will consume. We have the scientific know-how to continue using our fossil fuel wealth without fear of environmental damage or skyrocketing costs. The key is technology - developing cutting edge concepts that are beyond the private sector's current capabilities. Some of the most important innovations in America's energy industry are the results of investments in the Federal government's fossil energy research and development programs. Today, our air and water are cleaner, our economy is stronger, and our industries are more competitive in the global market because these programs have produced results. This booklet summarizes many of these achievements. It is not a comprehensive list by any means. Still, it provides solid evidence that the taxpayers' investment in government fossil energy research has paid real and measurable dividends.

  6. The total flow concept for geothermal energy conversion

    Science.gov (United States)

    Austin, A. L.

    1974-01-01

    A geothermal development project has been initiated at the Lawrence Livermore Laboratory (LLL) to emphasize development of methods for recovery and conversion of the energy in geothermal deposits of hot brines. Temperatures of these waters vary from 150 C to more than 300 C with dissolved solids content ranging from less than 0.1% to over 25% by weight. Of particular interest are the deposits of high-temperature/high-salinity brines, as well as less saline brines, known to occur in the Salton Trough of California. Development of this resource will depend on resolution of the technical problems of brine handling, scale and precipitation control, and corrosion/erosion resistant systems for efficient conversion of thermal to electrical energy. Research experience to date has shown these problems to be severe. Hence, the LLL program emphasizes development of an entirely different approach called the Total Flow concept.

  7. Managing total corporate electricity/energy market risks

    International Nuclear Information System (INIS)

    Henney, A.; Keers, G.

    1998-01-01

    The banking industry has developed a tool kit of very useful value at risk techniques for hedging risk, but these techniques must be adapted to the special complexities of the electricity market. This paper starts with a short history of the use of value-at-risk (VAR) techniques in banking risk management and then examines the specific and, in many instances, complex risk management challenges faced by electric companies from the behavior of prices in electricity markets and from the character of generation and electric retailing risks. The third section describes the main methods for making VAR calculations along with an analysis of their suitability for analyzing the risks of electricity portfolios and the case for using profit at risk and downside risk as measures of risk. The final section draws the threads together and explains how to look at managing total corporate electricity market risk, which is a big step toward managing total corporate energy market risk

  8. Total, accessible and reserve wind energy resources in Bulgaria

    International Nuclear Information System (INIS)

    Ivanov, P.; Trifonova, L.

    1996-01-01

    The article is a part of the international project 'Bulgaria Country Study to Address Climate Change Inventory of the Greenhouse Gases Emission and Sinks Alternative Energy Balance and Technology Programs' sponsored by the Department of Energy, US. The 'total' average annual wind resources in Bulgaria determined on the basis wind velocity density for more than 100 meteorological stations are estimated on 125 000 TWh. For the whole territory the theoretical wind power potential is about 14200 GW. The 'accessible' wind resources are estimated on about 62000 TWh. The 'reserve' (or usable) wind resources are determined using 8 velocity intervals for WECS (Wind Energy Conversion Systems) operation, number and disposition of turbines, and the usable (3%) part of the territory. The annual reserve resources are estimated at about 21 - 33 TWh. The 'economically beneficial' wind resources (EBWR) are those part of the reserve resources which could be included in the country energy balance using specific technologies in specific time period. It is foreseen that at year 2010 the EBWR could reach 0.028 TWh. 7 refs., 2 tabs., 1 fig

  9. Resonance capture reactions with a total energy detector

    International Nuclear Information System (INIS)

    Macklin, R.L.

    1978-01-01

    The determination of nuclear reaction rates is considered; the Moxon--Rae detector and pulse height weighting are reviewed. This method has been especially useful in measuring (n,γ) cross sections. Strength functions and level spacing can be derived from (n,γ) yields. The relevance of neutron capture data to astrophysical nucleosynthesis is pointed out. The total gamma energy detection method has been applied successfully to radiative neutron capture cross section measurements. A bibliography of most of the published papers reporting neutron capture cross sections measured by the pulse height weighting technique is included. 55 references

  10. About total kinetic energy distribution between fragments of binary fission

    International Nuclear Information System (INIS)

    Khugaev, A.V.; Koblik, Yu.N.; Pikul, V.P.; Ioannou, P.; Dimovasili, E.

    2002-01-01

    At the investigation of binary fission reactions one of the main characteristic of process is total kinetic energy (TKE) of fission fragments and it distribution between them. From the values of these characteristics it is possible to extract the information about structure of fission fragments in the break up point of initial fissionable nuclear system. In our work TKE dependence from the deformation parameters of shape and density distribution of charge in the fission fragments are investigated. In the end of paper some generalizations of obtaining results are carried out and presented in the form of tables and figures

  11. In adolescence a higher 'eveningness in energy intake' is associated with higher total daily energy intake.

    Science.gov (United States)

    Diederichs, Tanja; Perrar, Ines; Roßbach, Sarah; Alexy, Ute; Buyken, Anette E

    2018-05-26

    The present manuscript addressed two hypotheses: (i) As children age, energy intake is shifted from morning (energy intake energy intake >6pm) (ii) A higher 'eveningness in energy intake' (i.e. evening minus morning energy intake) is associated with a higher total daily energy intake. Data were analyzed from 262 DONALD cohort study participants, who had completed at least one 3-day weighed dietary record in the age groups 3/4, 5/6, 7/8, 9/10, 11/12, 13/14, 15/16 and 17/18 years (y). 'Eveningness in energy intake' was compared across age groups and related to total daily energy intake for each age group (multiple cross-sectional analyses). 'Eveningness' increased progressively from age group 3/4y to age group 17/18y. A median surplus of evening energy intake (i.e. when evening intake exceeded morning intake) was firstly observed for age group 11/12y. From age group 11/12y onwards, a higher 'eveningness' was associated with a higher total daily energy intake (all p energy intake between the highest and the lowest tertile of 'eveningness' was largest for age group 17/18y, amounting to an 11% higher intake among adolescents in the highest as compared to those in the lowest tertile. In conclusion, energy intake progressively shifts from morning to evening hours as children age. Once evening energy intake exceeds morning energy intake, a higher 'eveningness in energy intake' is associated with higher total daily energy intake. Copyright © 2018 Elsevier Ltd. All rights reserved.

  12. Energy Return on Energy Invested (ERoEI) for photovoltaic solar systems in regions of moderate insolation

    International Nuclear Information System (INIS)

    Ferroni, Ferruccio; Hopkirk, Robert J.

    2016-01-01

    Many people believe renewable energy sources to be capable of substituting fossil or nuclear energy. However there exist very few scientifically sound studies, which apply due diligence to substantiating this impression. In the present paper, the case of photovoltaic power sources in regions of moderate insolation is analysed critically by using the concept of Energy Return on Energy Invested (ERoEI, also called EROI). But the methodology for calculating the ERoEI differs greatly from author-to-author. The main differences between solar PV Systems are between the current ERoEI and what is called the extended ERoEI (ERoEI EXT ). The current methodology recommended by the International Energy Agency is not strictly applicable for comparing photovoltaic (PV) power generation with other systems. The main reasons are due to the fact that on one hand, solar electricity is very material-intensive, labour-intensive and capital-intensive and on the other hand the solar radiation exhibits a rather low power density. - Highlights: •Data are available from several years of photovoltaic energy experience in northern Europe. •These are used to show the way to calculate a full, extended ERoEI. •The viability and sustainability in these latitudes of photovoltaic energy is questioned. •Use of photovoltaic technology is shown to result in creation of an energy sink.

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

    International Nuclear Information System (INIS)

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

    2013-01-01

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

  14. Renewable energy in the Netherlands up to 2020. Investment options for energy transition to a low-carbon economy

    International Nuclear Information System (INIS)

    Hieminga, G.; Van Woelderen, S.

    2011-09-01

    This report provides insight into the market for green assets in the Netherlands. An asset is defined as green as its properties contribute to the achievement of European targets of 20% higher energy efficiency, CO2 reduction of 20% and 14% renewable energy by 2020. The objectives of this report are fourfold: (1) better understanding of the chances for success of green assets from an economic perspective; (2) Review the cost, expected growth, market size (in terms of energy and investments) and issues in Corporate Responsibility of green assets; (3) mapping of the financing needs for green assets in the Netherlands; (4) Communicate about it both inside and outside the organization; (5) Form a basis for a European study on green assets, taking into account green assets that are not relevant for the Netherlands until 2020, but are relevant in the European context, such as Concentrated Solar Power and Hydroelectric Power Plants. [nl

  15. On quantifying uncertainty for project selection: the case of renewable energy sources' investment

    International Nuclear Information System (INIS)

    Kirytopoulos, Konstantinos; Rentizelas, Athanassios; Tziralis, Georgios

    2006-01-01

    The selection of a project among different alternatives, considering the limited resources of a company (organisation), is an added value process that determines the prosperity of an undertaken project (investment). This applies also to the 'boming' Renewable Energy Sector, especially under the circumstances established by the recent activation of the Kyoto protocal and by the plethora of available choices for renewable energy sources (RES) projjects. The need for a reliable project selection method among the various alternatives is, therefore, highlighted and, in this context, the paper proposes the NPV function as one of possible criteria for the selection of a RES project. Furthermore, it differentiates from the typical NPV calculation process by adding the concept of a probabilistic NPV approach through Monte Carlo simulation. Reality is non-deterministic, so any attempt of modelling it by using a deterministic approach is by definition erroneous. The paper ultimately proposes a process of substituting the point with a range estimation, capable of quantifying the various uncertainty factors and in this way elucidate the accomplishment possibilities of eligible scenarious. The paper is enhanced by case study showing how the proposed method can be practically applied to support the investment decision, thus enabling the decision makers to judge its effectiveness and usefulness.(Author)

  16. 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.

  17. Assessing National Employment Impacts of Investment in Residential and Commercial Sector Energy Efficiency: Review and Example Analysis

    Energy Technology Data Exchange (ETDEWEB)

    Anderson, David M.; Belzer, David B.; Livingston, Olga V.; Scott, Michael J.

    2014-06-18

    Pacific Northwest National Laboratory (PNNL) modeled the employment impacts of a major national initiative to accelerate energy efficiency trends at one of two levels: • 15 percent savings by 2030. In this scenario, efficiency activities save about 15 percent of the Annual Energy Outlook (AEO) Reference Case electricity consumption by 2030. It is assumed that additional energy savings in both the residential and commercial sectors begin in 2015 at zero, and then increase in an S-shaped market penetration curve, with the level of savings equal to about 7.0 percent of the AEO 2014 U.S. national residential and commercial electricity consumption saved by 2020, 14.8 percent by 2025, and 15 percent by 2030. • 10 percent savings by 2030. In this scenario, additional savings begin at zero in 2015, increase to 3.8 percent in 2020, 9.8 percent by 2025, and 10 percent of the AEO reference case value by 2030. The analysis of the 15 percent case indicates that by 2030 more than 300,000 new jobs would likely result from such policies, including an annual average of more than 60,000 jobs directly supporting the installation and maintenance of energy efficiency measures and practices. These are new jobs resulting initially from the investment associated with the construction of more energy-efficient new buildings or the retrofit of existing buildings and would be sustained for as long as the investment continues. Based on what is known about the current level of building-sector energy efficiency jobs, this would represent an increase of more than 10 percent from the current estimated level of over 450,000 such jobs. The more significant and longer-lasting effect comes from the redirection of energy bill savings toward the purchase of other goods and services in the general economy, with its attendant influence on increasing the total number of jobs. This example analysis utilized PNNL’s ImSET model, a modeling framework that PNNL has used over the past two decades to assess

  18. An investment-led approach to analysing the hydrogen energy economy in the UK

    International Nuclear Information System (INIS)

    Houghton, T.; Cruden, A.

    2009-01-01

    The authors propose an alternative, investment-led approach to analysing the potential for the development of hydrogen energy in the UK. The UK economy is relatively sensitive to movements in world fossil fuels markets since the energy sector contributes at least 5% of UK GDP and represents an asset pool of at least pound 230 billion. Much of the ongoing research to assess possible scenarios for the development of alternatives to existing energy systems, including hydrogen energy, in the UK is built around the cost-optimising MARKAL model. The authors believe that this approach offers an incomplete picture of hydrogen energy deployment since it ignores the mechanisms dictating the flow of commercial capital to the sector and they suggest an alternative model based on the risk-adjusted value proposition. Initial analysis shows that valuation differentials already exist between companies in the fossil fuel, utilities and fuel cell sectors and that this might be exploited to the advantage of investors thus affecting the speed of development in hydrogen energy. It should be noted that the following represents work in progress and the authors intend to publish an extended analysis in due course. (author)

  19. Energy investment and trade opportunities emerging in Central Asia, Northwest China

    International Nuclear Information System (INIS)

    Dorian, J.P.; Abbasovich, T.U.; Tonkopy, M.S.; Jumabekovich, O.A.; Qiu Daxiong

    1998-01-01

    Cooperation in the business of oil and natural gas among governments of Central Asia and Northwest China could help the countries overcome obstacles to development of their vast petroleum resources. The most important obstacle facing these countries is also the one most widely discussed: limited infrastructure for transporting energy. But there are other problems holding back oil and gas development. They include poor communications infrastructure, unstable government structures, political conflict, payments difficulties, and inadequate energy policies. For countries analyzed in a recent Asian Development Bank (ADB) study of economic cooperation in the region--Uzbekistan, Kazakhstan, the Kyrgyz Republic, and the Xinjiang autonomous region of the People's Republic of China (Xinjiang PRC)--oil and gas are the most abundant and valuable natural resources. While Central Asia is poised to become a major world supplier of energy, especially oil and gas, countries in the region emphasize energy self-sufficiency at the expense of developing new trading linkages. Governments thus tend to ignore the benefits of regional cooperation and remain reluctant to commit to area-wide trade and other forms of cooperation. The paper discusses oil and gas sectors; major energy trends, including restructuring, foreign investment, and energy diversification; opportunities for cooperation; impediments to cooperation; and models of cooperation

  20. Community investment in wind farms: funding structure effects in wind energy infrastructure development.

    Science.gov (United States)

    Beery, Joshua A; Day, Jennifer E

    2015-03-03

    Wind energy development is an increasingly popular form of renewable energy infrastructure in rural areas. Communities generally perceive socioeconomic benefits accrue and that community funding structures are preferable to corporate structures, yet lack supporting quantitative data to inform energy policy. This study uses the Everpower wind development, to be located in Midwestern Ohio, as a hypothetical modeling environment to identify and examine socioeconomic impact trends arising from corporate, community and diversified funding structures. Analysis of five National Renewable Energy Laboratory Jobs and Economic Development Impact models incorporating local economic data and review of relevant literature were conducted. The findings suggest that community and diversified funding structures exhibit 40-100% higher socioeconomic impact levels than corporate structures. Prioritization of funding sources and retention of federal tax incentives were identified as key elements. The incorporation of local shares was found to mitigate the negative effects of foreign private equity, local debt financing increased economic output and opportunities for private equity investment were identified. The results provide the groundwork for energy policies focused to maximize socioeconomic impacts while creating opportunities for inclusive economic participation and improved social acceptance levels fundamental to the deployment of renewable energy technology.

  1. Determinants of households’ investment in energy efficiency and renewables: evidence from the OECD survey on household environmental behaviour and attitudes

    International Nuclear Information System (INIS)

    Ameli, Nadia; Brandt, Nicola

    2015-01-01

    This paper provides novel evidence on the main factors behind consumer choices regarding investments in energy efficiency and renewable energy technologies using the OECD Survey on Household Environmental Behaviour and Attitudes. The empirical analysis is based on the estimation of binary logit regression models. Empirical results suggest that households’ propensity to invest in clean energy technologies depends mainly on home ownership, income, social context and household energy conservation practices. Indeed, home owners and high-income households are more likely to invest than renters and low-income households. In addition, environmental attitudes and beliefs, as manifest in energy conservation practices or membership in an environmental non-governmental organisation, also play a relevant role in technology adoption. (letter)

  2. Free Amortization of Environmental Investments (VAMIL) in combination with the new Energy Investment Allowance (EIA); VAMIL nu ook in combinatie met nieuwe EIA mogelijk

    Energy Technology Data Exchange (ETDEWEB)

    Wondergem, J. [Wondergem Intermedium, (Netherlands)

    1997-03-01

    The new title financial incentives regulations of the Dutch government are outlined. VAMIL and EIA came into effect January 1, 1997. The regulations offer the tax payer a number of financial advantages when investments are made for energy saving capital goods. Also for installers and advisors the regulations offer new chances to realize energy saving measures in maintenance, replacement or extension of existing installations. In a second, supplementary article attention is paid to the practical possibilities of the VAMIL and EIA regulations for the installation sector. 2 tabs.

  3. In-Depth Review of the Investment Climate and Market Structure in the Energy Sector. Former Yugoslav Republic of Macedonia

    International Nuclear Information System (INIS)

    2006-01-01

    The Republic of Macedonia became an independent country in 1991. It is a country with an economy in transition. Against this background, efforts have been dedicated towards implementing the provisions of the Energy Charter Treaty (ECT), especially in the field of the investment climate and market structure in the energy sector of the Republic of Macedonia. The Republic of Macedonia is a small economy with a gross domestic product representing about 0.01% of the total world output. It is also an open economy, highly integrated into international trade, with a total trade-to-GDP ratio of over 90%. Agriculture and industry have been the two most important sectors of the economy, but the services sector has gained prominence in the past few years. Like most transition economies, problems persist, even as Macedonia takes steps toward reform. A largely obsolete industrial infrastructure has not seen much investment during the transition period. Work force education and skills are competitive, but without adequate job opportunities, many with the best skills seek employment abroad. A low standard of living, high unemployment rate, and relatively low economic growth rate are the central economic problems. The Republic of Macedonia remains committed to pursuing membership in European and global economic structures. It became a full World Trade Organization (WTO) member in April 2003. Following a 1997 cooperation agreement with the European Union (EU), the Republic of Macedonia signed a Stabilization and Association Agreement with the EU in April 2001, giving Macedonia duty-free access to European markets. The Republic of Macedonia has signed Free Trade Agreements with Albania, Bosnia and Herzegovina, Serbia and Montenegro, Bulgaria, Croatia, Ukraine, Slovenia, Turkey, Romania, and the European Free Trade Association countries. It also has signed an Interim Free Trade Agreement with the UN Mission in Kosovo. The major policy objective and priority of the Republic of

  4. Instruments to foster renewable energy investments in Europe. A survey under the financial point of view

    International Nuclear Information System (INIS)

    Langniss, O.

    1996-01-01

    Since capital needs are high when investing in Renewable Energy Technologies (RET), well adapted financial schemes are essential, including well fitted financial support. Supporting the dissemination of RET means supporting people, not technologies. Though support mechanism have to be adapted to people not to technologies. A recent study for the European Parliament compares support mechanisms for RET in several European countries by describing case studies. Six different investor types can be identified, each one standing for a specific amalgam of motivation, energy needs, financial possibilities and risk-averse. Each of these types has its specific importance for different RET and different stages of RET's market penetration. Also the size of the market for RET, represented by each investor type, is different. (Author)

  5. Investment's Proposal for develop Municipalities of Energy as close to Zero as possible

    International Nuclear Information System (INIS)

    Marcos Aldama, René G.

    2017-01-01

    The Cuba’s Government Plan of generating 24 % of its Electrical Power from renewable energy by 2030 is considered by the president, not enough. During his speech for closing the Parliament’s 7th. Period of Meetings celebrated on December 27 2016, explained that he has accepted to keep the Plan with the previous stated figure of 24 %, but the real task were work to overcome it. From the research was easy to conclude that the better way to accomplish the task given by the president, were to eliminate the weakness that avoid the whole introduction of the Decree 327/2014 from the Ministry’s Council and the Resolution 74/2014 from the Institute for Physical Planning, specially its Article 65, by means of the investment to develop Municipalities of Energy as close to Zero as possible. (author)

  6. Foreign direct investments (FDI) in energy and electricity projects in the economies in transition

    International Nuclear Information System (INIS)

    Brendow, K.

    1996-01-01

    Registered foreign direct investments (or equity finance) in energy and electricity projects in central and eastern Europe (CEE) and the Commonwealth of Independent States (CIS) presently stand at about US$ 3 billion (flows) and US$ 5.5 billion (stock). This is insignificant compared with world FDI and disappointing compared with expectations and business opportunities. In addition, energy FDI is concentrated in oil and gas exploration/extraction, primarily in Russia, Kazakhstan and Azerbaijan. FDI opportunities in electricity generation, transmission and distribution while being explored (see list), have not been implemented: legislation was either restrictive as regards foreign participation, or not yet finalized, or not yet enacted. The major issue at present appears to be the extent of privatisation of this politically and socially sensitive industry. 1995 will see progress in Hungary, Poland and the Czech Republic. Related FDI would, however, still be modest. A significant breakthrough depends on political stability, economic recovery and progress in privatisation. (author)

  7. Evaluation of investment in biogás plant with energy ends

    International Nuclear Information System (INIS)

    Bericiarto Pérez, Frank Abel; Castro Perdomo, Nelson; López Bastida, Eduardo J.; Fuentes Díaz, Damarys

    2017-01-01

    In Cuba, given the characteristics of a developing country, the formulation and evaluation of projects is a critical task, since the decision to invest means sacrificing the opportunity to meet current needs for different and long-term alternatives. It is necessary to pay particular attention to the pre-project evaluation, as a crucial task that contributes to the project modifications. The evolutionary trends of the energy environment indicate that the increase in the contribution of renewable sources is a viable way to satisfy the global energy demand in an efficient and sustainable way. For this reason, the use of biogas has been potentiated as the most important fuel of the future, since the materials required for its processing and the construction of the necessary facilities are available to so many of the world's economies as of countries on the road developmental. (author)

  8. Implications of net energy-return-on-investment for a low-carbon energy transition

    Science.gov (United States)

    King, Lewis C.; van den Bergh, Jeroen C. J. M.

    2018-04-01

    Low-carbon energy transitions aim to stay within a carbon budget that limits potential climate change to 2 °C—or well below—through a substantial growth in renewable energy sources alongside improved energy efficiency and carbon capture and storage. Current scenarios tend to overlook their low net energy returns compared to the existing fossil fuel infrastructure. Correcting from gross to net energy, we show that a low-carbon transition would probably lead to a 24-31% decline in net energy per capita by 2050, which implies a strong reversal of the recent rising trends of 0.5% per annum. Unless vast end-use efficiency savings can be achieved in the coming decades, current lifestyles might be impaired. To maintain the present net energy returns, solar and wind renewable power sources should grow two to three times faster than in other proposals. We suggest a new indicator, `energy return on carbon', to assist in maximizing the net energy from the remaining carbon budget.

  9. An energy pricing scheme for the diffusion of decentralized renewable technology investment in developing countries

    International Nuclear Information System (INIS)

    Thiam, Djiby Racine

    2011-01-01

    The purpose of this paper is to investigate price support for market penetration of renewable energy in developing nations through a decentralized supply process. We integrate the new decentralized energy support: renewable premium tariff, to analyze impacts of tariff incentives on the diffusion of renewable technology in Senegal. Based on photovoltaic and wind technologies and an assessment of renewable energy resources in Senegal, an optimization technique is combined with a cash flow analysis to investigate investment decisions in renewable energy sector. Our findings indicate that this support mechanism could strengthen the sustainable deployment of renewable energy in remote areas of Senegal. Although different payoffs emerged, profits associated with a renewable premium tariff are the highest among the set of existing payoffs. Moreover in analyzing impacts of price incentives on social welfare, we show that price tariffing schemes must be strategically scrutinized in order to minimize welfare loss associated with price incentives. Finally we argue that a sustainable promotion of incentive mechanisms supporting deployment of renewable technology in developing nations should be carried out under reliable institutional structures. The additional advantage of the proposed methodology is its ability to integrate different stakeholders (producers, investors and consumers) in the planning process. - Highlights: → We simulate impacts of price support for market penetration of renewable technology in developing nations. → An array of price incentive mechanisms strengthens diffusion of renewable technology in Senegal. → Moreover, reliable institutional frameworks in developing nations are a requirement in order to strengthen diffusion path of renewable technologies.

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

    International Nuclear Information System (INIS)

    Holstenkamp, Lars; Kahla, Franziska

    2016-01-01

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

  11. In-Depth Review of the Investment Climate and Market Structure in the Energy Sector. Armenia

    International Nuclear Information System (INIS)

    2004-08-01

    by the volume of foreign investment over the recent years. The number of companies with foreign capital in Armenia has already crossed the 2,000 mark. Based on data from the annual 'Economic Freedom' survey published by the Heritage Foundation and the Wall Street Journal, Armenia ranks in the upper-middle tier of countries and in 2003 was in 44th position along with Hungary. The linkages between the positive achievements of the real economy and the dedicated and stable improvement of the business environment and the investment climate in the republic are indisputable. In addition, the continuous assurance of the best possible terms for entrepreneurial activity, including the final removal of administrative barriers, the extension of most-favoured treatment to investors, the deployment and improvement of a comprehensive structure for the support of entrepreneurial activity are all among the top priorities of the Government's work programme. Armenia is almost completely dependent on imported energy. The only domestically produced primary energy is electricity from hydroelectric plants and one nuclear power plant. Armenia's energy strategy therefore consists of both securing fuel and energy resources supply from abroad, and further developing the domestic renewable energy resources. As far as oil products imports are concerned, a severe constraint is that they can enter Armenia only via Georgia and Iran, since the frontiers with Turkey and Azerbaijan are closed. Currently, almost all imported gas and oil products come from Russia. The entire gas transmission and distribution system of Armenia is owned and operated by 'Armrosgazprom', a joint venture between the Russian companies 'Gazprom' and 'Itera', and the Armenian state, the latter holding 45% of its shares. Armenia has privatised its electricity distribution network. It is owned by a UK investor, Midland Resources Holding Ltd. As a result, the quality and security of electricity supply to final consumers has

  12. Rural energy for development: energetic investment evaluation using multi-sectorial models and the NTICs; Energie rurale pour le developpement

    Energy Technology Data Exchange (ETDEWEB)

    Bentaleb, N

    2002-12-15

    Based on field work carry out in Africa as well as on theoretical analyses from the perspective of sectoral representation of economies, this dissertation examines the impacts of energetic investments. It is divided in two main parts. The first part of the dissertation situates the role that rural energy plays for development from the standpoint of offer. In this part, the energetic situation of Southern countries is examined through rural needs and in the context of growing environmental awareness (Chapter 1). Then, the different actors in the energy sector are presented, taking into account the failure of governments to create the necessary infrastructure themselves (Chapter 2). Finally, the object of this study is investigated through what can be learned from informal economics (Chapter 3). In the second part of the dissertation, Chapter 4 examines the advantages and disadvantages of using multi-sectoral models for the subject of evaluating energetic investments. In Chapter 5, the sectoral representation is specified in a social accounting matrix. In addition, the IRIS software is presented, which has been developed in the framework of this thesis. Finally, in Chapter 6, the results of surveys realized in Burkina Faso and Morocco are presented and discussed. (author)

  13. Optimal Technology Investment and Operation in Zero-Net-Energy Buildings with Demand Response

    International Nuclear Information System (INIS)

    Stadler, Michael; Siddiqui, Afzal; Marnay, Chris; Hirohisa, Aki; Lai, Judy

    2009-01-01

    The US Department of Energy has launched the Zero-Net-Energy (ZNE) Commercial Building Initiative (CBI) in order to develop commercial buildings that produce as much energy as they use. Its objective is to make these buildings marketable by 2025 such that they minimize their energy use through cutting-edge energy-efficient technologies and meet their remaining energy needs through on-site renewable energy generation. We examine how such buildings may be implemented within the context of a cost- or carbon-minimizing microgrid that is able to adopt and operate various technologies, such as photovoltaic (PV) on-site generation, heat exchangers, solar thermal collectors, absorption chillers, and passive/demand-response technologies. We use a mixed-integer linear program (MILP) that has a multi-criteria objective function: the minimization of a weighted average of the building's annual energy costs and carbon/CO2 emissions. The MILP's constraints ensure energy balance and capacity limits. In addition, constraining the building's energy consumed to equal its energy exports enables us to explore how energy sales and demand-response measures may enable compliance with the CBI. Using a nursing home in northern California and New York with existing tariff rates and technology data, we find that a ZNE building requires ample PV capacity installed to ensure electricity sales during the day. This is complemented by investment in energy-efficient combined heat and power equipment, while occasional demand response shaves energy consumption. A large amount of storage is also adopted, which may be impractical. Nevertheless, it shows the nature of the solutions and costs necessary to achieve ZNE. For comparison, we analyze a nursing home facility in New York to examine the effects of a flatter tariff structure and different load profiles. It has trouble reaching ZNE status and its load reductions as well as efficiency measures need to be more effective than those in the CA case

  14. Energy-analysis of the total nuclear energy cycle based on light water reactors

    International Nuclear Information System (INIS)

    Kistemaker, J.

    1975-01-01

    The energy economy of the total nuclear energy cycle is investigated. Attention is paid to the importance of fossil fuel saving by using nuclear energy. The energy analysis is based on the construction and operation of power plants with an electric output of 1000MWe. Light water moderated reactors with a 2.7 - 3.2% enriched uranium core are considered. Additionally, the whole fuel cycle including ore winning and refining, enrichment and fuel element manufacturing and reprocessing has been taken into account. Neither radioactive waste storage problems nor safety problems related to the nuclear energy cycle and safeguarding have been dealt with, as exhaustive treatments can be found elswhere

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

    International Nuclear Information System (INIS)

    Pareja-Alcaraz, Pablo

    2017-01-01

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

  16. Assessment of instruments in facilitating investment in off-grid renewable energy projects

    International Nuclear Information System (INIS)

    Shi, Xunpeng; Liu, Xiying; Yao, Lixia

    2016-01-01

    Renewable off-grid solution plays a critical role in supporting rural electrification. However, off-grid Renewable Energy (OGRE) project financing faces significant challenges due to limited financing access, low affordability of consumers, high transactions costs and etc. Various supporting instruments have been implemented to facilitate OGRE investment. This study assesses the effectiveness of those instruments with a framework consists of three dimensions: feasibility, sustainability and replicability. The weights of each dimension in the framework and the scores of each instrument are assessed by expert surveys based on the Delphi method. It is suggested that all the three dimensions should be taken into consideration while assessing the instruments, among which feasibility and sustainability are considered as the most important dimensions in the assessment framework. Furthermore, the top-5 most effective instruments in facilitating OGRE investment are local engagement in operation and maintenance, loan guarantee, start-up grant, end user financing, and concessional finance. Developing countries that need to increase electrification, such as most of the ASEAN member states, could use these top scored instruments despite of their limited amount of public finance. - Highlights: •Assess the effectiveness of instruments for promoting financing for OGRE projects. •A three-dimension assessment framework: feasibility, sustainability, replicability. •Use online surveys and the Delphi method to collect experts’ assessment. •The most effective instruments: local engagement, loan guarantee, and start-up grant.

  17. Totally implantable total artificial heart and ventricular assist device with multipurpose miniature electromechanical energy system.

    Science.gov (United States)

    Takatani, S; Orime, Y; Tasai, K; Ohara, Y; Naito, K; Mizuguchi, K; Makinouchi, K; Damm, G; Glueck, J; Ling, J

    1994-01-01

    A multipurpose miniature electromechanical energy system has been developed to yield a compact, efficient, durable, and biocompatible total artificial heart (TAH) and ventricular assist device (VAD). Associated controller-driver electronics were recently miniaturized and converted into hybrid circuits. The hybrid controller consists of a microprocessor and controller, motor driver, Hall sensor, and commutation circuit hybrids. The sizing study demonstrated that all these components can be incorporated in the pumping unit of the TAH and VAD, particularly in the centerpiece of the TAH and the motor housing of the VAD. Both TAH and VAD pumping units will start when their power line is connected to either the internal power pack or the external battery unit. As a redundant driving and diagnostic port, an emergency port was newly added and will be placed in subcutaneous location. In case of system failure, the skin will be cut down, and an external motor drive or a pneumatic driver will be connected to this port to run the TAH. This will minimize the circulatory arrest time. Overall efficiency of the TAH without the transcutaneous energy transmission system was 14-18% to deliver pump outputs of 4-9 L/min against the right and left afterload pressures of 25 and 100 mm Hg. The internal power requirement ranged from 6 to 13 W. The rechargeable batteries such as NiCd or NiMH with 1 AH capacity can run the TAH for 30-45 min. The external power requirement, when TETS efficiency of 75% was assumed, ranged from 8 to 18 W. The accelerated endurance test in the 42 degrees C saline bath demonstrated stable performance over 4 months. Long-term endurance and chronic animal studies will continue toward a system with 5 years durability by the year 2000.

  18. Firm Type, Feed-in Tariff, and Wind Energy Investment in Germany : An Investigation of Decision Making Factors of Energy Producers Regarding Investing in Wind Energy Capacity

    NARCIS (Netherlands)

    Werner, Lone; Scholtens, Lambertus

    2017-01-01

    The development of renewable and sustainable energy is advanced by public financial support. This is particularly so in the German Energiewende, which seeks to replace nuclear and fossil electricity generation with wind, sun, and biomass. We study the impact of the (changes in the) feed-in tariff

  19. The contribution of foreign direct investment to clean energy use, carbon emissions and economic growth

    International Nuclear Information System (INIS)

    Lee, Jung Wan

    2013-01-01

    The paper investigates the contributions of foreign direct investment (FDI) net inflows to clean energy use, carbon emissions, and economic growth. The paper employs cointegration tests to examine a long-run equilibrium relationship among the variables and fixed effects models to examine the magnitude of FDI contributions to the other variables. The paper analyzes panel data of 19 nations of the G20 from 1971 to 2009. The test results indicate that FDI has played an important role in economic growth for the G20 whereas it limits its impact on an increase in CO 2 emissions in the economies. The research finds no compelling evidence of FDI link with clean energy use. Given the results, the paper discusses FDI's potential role in achieving green growth goals. - Highlights: ► FDI inflows strongly lead to economic growth in the G20. ► FDI inflows lead to an increase in energy use in the G20. ► FDI inflows are in no relation to CO 2 emissions in the G20. ► FDI inflows are in no relation to clean energy use in the G20. ► Economic growth is in negative relation to CO 2 emissions in the G20

  20. The social return on investment in the energy efficiency of buildings in Germany

    International Nuclear Information System (INIS)

    Kuckshinrichs, Wilhelm; Kronenberg, Tobias; Hansen, Patrick

    2010-01-01

    The German government has developed a variety of policy instruments intended to reduce national CO 2 emissions. These instruments include a programme administered by KfW bank, which aims at improving the energy efficiency of buildings. It provides attractive credit conditions or subsidies to finance refurbishment measures which improve the energy efficiency of buildings significantly. The refurbishment programme leads to a reduction in energy use, which benefits private investors by reducing their energy bills. In order to estimate whether the programme benefits society as a whole, additional effects must be taken into account, such as the amount of employment generated and the impact on the public budget. The aim of this paper is to evaluate the social benefits of the German CO 2 refurbishment programme for the years 2005-2007. An extended input-output model is used to estimate the effect of the refurbishment works on public revenue via taxes and social security contributions. The value of avoided CO 2 emissions is approximated using a range of marginal damage estimates from the literature. From these social benefits, the programme cost is deducted. The net social benefit thus computed turns out to be positive. This finding suggests that the refurbishment programme is a reasonable investment of public funds.

  1. Energy Return on Investment for Norwegian Oil and Gas from 1991 to 2008

    Directory of Open Access Journals (Sweden)

    Mikael Höök

    2011-10-01

    Full Text Available Norwegian oil and gas fields are relatively new and of high quality, which has led, during recent decades, to very high profitability both financially and in terms of energy production. One useful measure for profitability is Energy Return on Investment, EROI. Our analysis shows that EROI for Norwegian petroleum production ranged from 44:1 in the early 1990s to a maximum of 59:1 in 1996, to about 40:1 in the latter half of the last decade. To compare globally, only very few, if any, resources show such favorable EROI values as those found in the Norwegian oil and gas sector. However, the declining trend in recent years is most likely due to ageing of the fields whereas varying drilling intensity might have a smaller impact on the net energy gain of the fields. We expect the EROI of Norwegian oil and gas production to deteriorate further as the fields become older. More energy-intensive production techniques will gain in importance.

  2. Perspectives and development of solar energy in France. Political aspects and investments

    International Nuclear Information System (INIS)

    Souza Moreira, J. de

    1991-01-01

    The CNRS set up a commission in 1968 to evaluate the perspectives of solar energy in France. The conclusions of this commission led to an essentially export-minded policy that still stands today. There is no domestic market, and all the physical resources are located in the southern hemisphere. After the first petroleum crisis, France set up an action program to promote nonrenewable energy resources, and created a number of organizations, including the COMES (solar energy commission) in 1978, with financial independence but no laboratory of its own. The COMES built some big systems and signed international agreements; but in 1982 the government, to avoid duplications between the COMES and various other organizations responsible for nonrenewable resources and the rational use of energy, replaced them with the AFME, which launched the PES solar energy promotion program. Despite its good results, this program was suspended at the end of 1984, under pressure from the energy interest lobbies, and for lack of political and industrial support. There was also too much electricity being produced, and the EDF was launching a publicity campaign for all-electric living in the media. Starting in 1986 the whole solar program looked done for. The government was withdrawing, investments were slowing down, and all that was left was the photovoltaic process. So it seems that all hope is lost for any significant commercial uses in the near future. A change in energy policy would be needed, along with different organizations that would not all be grouped together under the responsibility of a single government agency, so that no one process would ride an artificial advantage over the others. 17 refs.; 3 figs.; 6 tabs

  3. Tourists' attitudes for selecting accommodation with investments in renewable energy and energy saving systems

    International Nuclear Information System (INIS)

    Tsagarakis, Konstantinos P.; Bounialetou, Fanouria; Gillas, Konstantinos; Profylienou, Maroulitsa; Pollaki, Antrianna; Zografakis, Nikolaos

    2011-01-01

    This paper aims at providing useful insights into tourists' preferences for choosing to stay in hotels equipped with Energy Saving Installations (ESI) and Renewable Energy Sources (RES). Factors related to these decisions were studied through 2308 face to face interviews taken at the departure terminals of the two international airports of Crete, Greece. Results show that 86% of the respondents would prefer to stay in hotels equipped with ESI, and 87% in hotels with RES, rather than staying in hotels of identical quality which do not have either ESI or RES. Furthermore, the percentages of respondents who would be willing to pay fee surcharges for a hotel equipped with ESI or RES are 75 and 77%, respectively, as compared to hotels of identical quality which do not have either ESI or RES. Tourists from countries with high energy awareness, prove to be more willing to choose to stay at and pay for hotels with ESI and RES. (author)

  4. Energy management for cost reduction in the production. TEEM - Total Energy Efficiency Management; Energiemanagement zur Kostensenkung in der Produktion. TEEM - Total Energy Efficiency Management

    Energy Technology Data Exchange (ETDEWEB)

    Westkaemper, Engelbert; Verl, Alexander (eds.)

    2009-07-01

    Within the workshop of the Fraunhofer Institute for Manufacturing Engineering and Automation IPA (Stuttgart, Federal Republic of Germany) at 6th October, 2009, in Stuttgart the following lectures were held: (1) Presentation of Fraunhofer Institute for Manufacturing Engineering and Automation IPA (Engelbert Westkaemper); (2) TEEM - Total Energy Efficiency Management - ''With energy management to an energy efficient production'' (Alexander Schloske); (3) DIN EN 16001 Introduction of an energy management system - utilization and advantages for companies (Sylvia Wahren); (4) Analysis of the energy efficiency with power flow - Support and implementation at factory planning and optimization of production (Klaus Erlach); (5) Total Energy Efficiency Management - Approaches at the company Kaercher in injection moulding for example (Axel Leschtar); (6) Modelling the embodied product energy (Shahin Rahimifard); (7) Acquisition of energy data in the production - Technologies and possibilities (Joachim Neher); (8) Active energy management by means of an ''energy control centre'' - Analysis of the real situation and upgrading measures in the production using coating plants as an example (Wolfgang Klein); (9) Visualisation and simulation of energy values in the digital factory (Carmen Constantinescu, Axel Bruns).

  5. Why invest in wind energy? Career incentives and Chinese renewable energy politics

    International Nuclear Information System (INIS)

    Cao, Xun; Kleit, Andrew; Liu, Chuyu

    2016-01-01

    We study wind development at the provincial level in China, modelling installed wind capacities as a function of both economics and politics. We assume that the top provincial officials desire to maximize their chances of promotion under the Chinese cadre evaluation system. We expect that those with the strongest incentives to perform in order to achieve promotion would work harder to comply with the central government’s policy agenda to promote renewable energy. Collecting and testing data on provincial leaders’ characteristics, we find that provinces governed by party secretaries who were approaching the age of 65 are associated with significantly higher level of wind installed capacities. This result supports the political tournaments theory of Chinese politics. We also find that better educated party secretaries are likely to be more supportive of renewable energy, implying that education acts to encourage provincial leaders to support the central government’s policy. - Highlights: • No negative association between fossil fuel production and wind energy development. • Provinces with party secretaries approaching the age of 65 have more installed capacities. • Better educated party secretaries are likely to be more supportive of renewable energy.

  6. Chinese investment in the EU renewable energy sector: Motives, synergies and policy implications

    International Nuclear Information System (INIS)

    Curran, Louise; Lv, Ping; Spigarelli, Francesca

    2017-01-01

    This paper addresses three questions: how have trade and investment in wind and solar sectors evolved between the EU and China in recent years? Is there a link between rising trade conflicts and trade and investment trends? And what wider motivations and synergies can be identified in Chinese investments in the EU's RE sector? To address these questions we analyze trade and investment data, as well as qualitative data, including information from media and company reports. Large increases in trade and investment were followed by rapid falls since 2012–13. Trade tensions have not led to increases in investment, rather the inverse. We find that Chinese investment in these two sectors is very concentrated in Germany. The key motivation for investment is market seeking, although R+D is also important, especially for wind. Most investments are greenfield, a preference that has persisted over time. Our qualitative analysis of several key acquisitions indicates that technology integration and the consolidation of capacities across the supply chain were key motivations in most of the cases studied. We conclude with some policy orientations. - Highlights: • Chinese investments in solar and wind in Europe are concentrated in Germany. • Large increases in trade and investment were followed by rapid falls since 2012–13. • These falls seem to be related to market difficulties. • Key investment entry mode is greenfield and motivation is market seeking. • In acquisitions, technology seeking plays a key role.

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

    Directory of Open Access Journals (Sweden)

    Stanivuković Maja

    2011-01-01

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

  8. Assessing the relationship between total factor productivity and foreign direct investment in an economy with a skills shortage: the case of South Africa

    OpenAIRE

    Bonga-Bonga, Lumengo; Phume, Maphelane

    2017-01-01

    This paper assesses the relationship between total factor productivity (TFP) and foreign direct investment (FDI) in a country with skills shortage. South Africa is used as a case study. Literature is inconclusive on how FDI should affect TFP. This paper shows that it is important to account for the interactivity between FDI and human capital when assessing the effects of FDI on TFP. Moreover, the empirical results show that, contrary to countries with abundance of skills, in countries with sk...

  9. Developing a Decision Support Tool for Waste to Energy Calculations Using Energy Return on Investment

    Science.gov (United States)

    2016-12-01

    began with. There are multiple methods to accomplish this process, from the standard V- models to complex waterfall methods, but ultimately each...required data and data sources. The team conducted stakeholder analysis and functional decomposition of the requisite model before constructing its...decomposition of the requisite model before constructing its additional module to the tool. This study shows the viability of waste-to-energy technologies to

  10. Risk vs. Reward: A Methodology to Assess Investment in Marine Energy

    Directory of Open Access Journals (Sweden)

    John Hutcheson

    2016-08-01

    Full Text Available The majority of WEC (wave energy converter projects are expensive and pose a large risk to a developer. Currently no developers have been successful in commercialising a WEC. So far, many wave energy feasibility studies have only considered the LCOE (levelised cost of electricity, assessing investment in marine energy technologies from a purely financial point of view. No previous studies have, however, explicitly accounted for development risk as well as the LCOE to determine the feasibility of a project. This paper proposes a new methodology that can be used to account for both risk and the LCOE to give a clearer picture of the feasibility of a WEC development. By combining the LCOE and risk score for a particular development, the “value for risk” can be calculated, presented here as the “RR ratio” (“Risk/Reward ratio”. A number of case studies were chosen to test the model, investigating the RR ratio for a number of different WEC technologies and ranking them to suggest an optimal development path for the industry. Results showed that projects that combine many innovative technologies provide the best “value for risk”. These devices overall had the highest risk, suggesting that multiple developers are likely required to collaborate in order to reduce the risk down to acceptable levels for each.

  11. Capital investment requirements in the West German energy economy and its financing

    Energy Technology Data Exchange (ETDEWEB)

    Diel, R; Radtke, G; Stoessel, R

    1980-01-01

    An analysis of the order of magnitude of capital investment required in the West German energy sector in the next two decades is based on reserve, production, and consumption statistics of the 10th World Energy Conference, the Chase Manhattan Bank and a 4% inflation rate, and shows requirements of DM22 billion for 1980-85, DM52 billion for 1980-90, and DM150 billion for 1980-2000 for exploration, production, and gasification of bituminous coal; DM21.7 billion or DM33.8 billion for 1980-2000 for lignite, depending on the use of the lignite for direct electricity generation or for gasification with nuclear process heat; DM2.8 billion and DM3.0 billion for expansion and conversion of petroleum-refining capacity for 1980-90 and 1991-2000, respectively; DM75-DM90 billion for exploration and production to maintain the present oil and natural gas production level in 1980-2000; DM70 billion for the transport and distribution of natural gas in 1980-2000; DM88.4 billion for coal and nuclear power-generation plants and DM59 billion for the distribution network to 1990; and DM48 billion for regenerative energy sources to 2000. The financing structure is also discussed.

  12. The Water, Energy and Food Nexus: Finding the Balance in Infrastructure Investment

    Science.gov (United States)

    Huber-lee, A. T.; Wickel, B.; Kemp-Benedict, E.; Purkey, D. R.; Hoff, H.; Heaps, C.

    2013-12-01

    There is increasing evidence that single-sector infrastructure planning is leading to severely stressed human and ecological systems. There are a number of cross-sectoral impacts in these highly inter-linked systems. Examples include: - Promotion of biofuels that leads to conversion from food crops, reducing both food and water security. - Promotion of dams solely built for hydropower rather than multi-purpose uses, that deplete fisheries and affect saltwater intrusion dynamics in downstream deltas - Historical use of water for cooling thermal power plants, with increasing pressure from other water uses, as well as problems of increased water temperatures that affect the ability to cool plants efficiently. This list can easily be expanded, as these inter-linkages are increasing over time. As developing countries see a need to invest in new infrastructure to improve the livelihoods of the poor, developed countries face conditions of deteriorating infrastructure with an opportunity for new investment. It is crucial, especially in the face of uncertainty of climate change and socio-political realities, that infrastructure planning factors in the influence of multiple sectors and the potential impacts from the perspectives of different stakeholders. There is a need for stronger linkages between science and policy as well. The Stockholm Environment Institute is developing and implementing practical and innovative nexus planning approaches in Latin America, Africa and Asia that brings together stakeholders and ways of integrating uncertainty in a cross-sectoral quantitative framework using the tools WEAP (Water Evaluation and Planning) and LEAP (Long-range Energy Alternatives Planning). The steps used include: 1. Identify key actors and stakeholders via social network analysis 2. Work with these actors to scope out priority issues and decision criteria in both the short and long term 3. Develop quantitative models to clarify options and balances between the needs and

  13. Comparative study of the efficiency of public supports to investments in energy management in the European Union

    International Nuclear Information System (INIS)

    Scheuer, Stefan; Ballu, Matthieu; Di Stefano, Paolo

    2013-01-01

    This study proposes a detailed overview of public budgets invested by the different member States of the European Union via subsidy systems, loans or tax arrangements in order to support investments in energy efficiency in buildings. The author also studied results published for these public instruments in terms of energy savings, and proposed a comparison which takes the lifetime of these savings into account. The study is based on available official information. Thus, before presenting the obtained results, the author describes how data have been collected and harmonised, presents the comparative analysis and discusses the lifetime measurement issue

  14. Solar Energy Validation for Strategic Investment Planning via Comparative Data Mining Methods: An Expanded Example within the Cities of Turkey

    OpenAIRE

    Yuregir, Oya H.; Sagiroglu, Cagri

    2016-01-01

    Energy supply together with the data management is one of the key challenges of our century. Specifically, to decrease the climate change effects as energy requirement increases day by day poses a serious dilemma. It can be adequately reconciled with innovative data management in (renewable) energy technologies. The new environmental-friendly planning methods and investments that are discussed by researchers, governments, NGOs, and companies will give the basic and most important variables in...

  15. Integration of renewable energies into the German power system and their influence on investments in new power plants. Integrated consideration of effects on power plant investment and operation

    Energy Technology Data Exchange (ETDEWEB)

    Harthan, Ralph Oliver

    2015-01-14

    The increasing share of renewable energies in the power sector influences the economic viability of investments in new conventional power plants. Many studies have investigated these issues by considering power plant operation or the long-term development of the power plant fleet. However, power plant decommissioning, investment and operation are intrinsically linked. This doctoral thesis therefore presents a modelling framework for an integrated consideration of power plant decommissioning, investment and operation. In a case study focusing on Germany, the effects of the integration of renewable energies on power plant decommissioning, investment and operation are evaluated in the context of different assumptions regarding the remaining lifetime of nuclear power plants. With regard to the use of nuclear power, a phase-out scenario and a scenario with lifetime extension of nuclear power plants (by on average 12 years) are considered. The results show that static decommissioning (i.e. considering fixed technical lifetimes) underestimates the capacity available in the power sector in the scenario without lifetime extension since retrofit measures (versus decommissioning) are not taken into account. In contrast, capacity available in the case of nuclear lifetime extension is overestimated since mothballing (versus regular operation) is not considered. If the impact on decommissioning decisions of profit margins accrued during power plant operation are considered (''dynamic decommissioning''), the electricity price reduction effect due to a lifetime extension is reduced by more than half in comparison to static decommissioning. Scarcity situations do not differ significantly between the scenarios with and without lifetime extension with dynamic decommissioning; in contrast, there is a significantly higher need for imports without lifetime extension with static decommissioning. The case study demonstrates that further system flexibility is needed for

  16. Integration of renewable energies into the German power system and their influence on investments in new power plants. Integrated consideration of effects on power plant investment and operation

    International Nuclear Information System (INIS)

    Harthan, Ralph Oliver

    2015-01-01

    The increasing share of renewable energies in the power sector influences the economic viability of investments in new conventional power plants. Many studies have investigated these issues by considering power plant operation or the long-term development of the power plant fleet. However, power plant decommissioning, investment and operation are intrinsically linked. This doctoral thesis therefore presents a modelling framework for an integrated consideration of power plant decommissioning, investment and operation. In a case study focusing on Germany, the effects of the integration of renewable energies on power plant decommissioning, investment and operation are evaluated in the context of different assumptions regarding the remaining lifetime of nuclear power plants. With regard to the use of nuclear power, a phase-out scenario and a scenario with lifetime extension of nuclear power plants (by on average 12 years) are considered. The results show that static decommissioning (i.e. considering fixed technical lifetimes) underestimates the capacity available in the power sector in the scenario without lifetime extension since retrofit measures (versus decommissioning) are not taken into account. In contrast, capacity available in the case of nuclear lifetime extension is overestimated since mothballing (versus regular operation) is not considered. If the impact on decommissioning decisions of profit margins accrued during power plant operation are considered (''dynamic decommissioning''), the electricity price reduction effect due to a lifetime extension is reduced by more than half in comparison to static decommissioning. Scarcity situations do not differ significantly between the scenarios with and without lifetime extension with dynamic decommissioning; in contrast, there is a significantly higher need for imports without lifetime extension with static decommissioning. The case study demonstrates that further system flexibility is needed for

  17. Energy turnaround in South Africa. Opportunities for investment in renewable energy projects; Energiewende in Suedafrika. Investitionsmoeglichkeiten in erneuerbare Energie-Projekte

    Energy Technology Data Exchange (ETDEWEB)

    Schulz, Thomas; Glenz, Christian [Linklaters LLP, Berlin (Germany)

    2012-12-15

    South Africa's energy footprint is currently mainly based on fossil fuels. This gives the country access to very inexpensive electricity, but is also associated with high greenhouse gas emissions. The government's policy of inviting tenders for renewable energy projects not only aims at securing the energy supply but also pursues the goal of sustainable, environmentally acceptable growth and of creating incentives for the development of a domestic industry in this sector. To date the country's electricity production rests almost entirely with Escom, a state-owned energy supplier which also operates South Africa's transmission network. In response to this, efforts are now being made to diversify the energy supply system with the participation of new electricity producers. As a result, investment opportunities in the South African energy sector are on the whole becoming increasingly attractive for foreign investors.

  18. Impurities in semiconductors: total energy and infrared absorption calculations

    International Nuclear Information System (INIS)

    Yndurain, F.

    1987-01-01

    A new method to calculate the electronic structure of infinite nonperiodic system is discussed. The calculations are performed using atomic pseudopotentials and a basis of atomic Gaussiam wave functions. The Hartree-Fock self consistent equations are solved in the cluster-Bethe lattice system. Electron correlation is partially included in second order pertubation approximation. The formalism is applied to hydrogenated amorphous silicon. Total energy calculations of finite clusters of silicon atom in the presence of impurities, are also presented. The results show how atomic oxygen breaks the covalent silicon silicon bond forming a local configuration similar to that of SiO 2 . Calculations of the infrared absorption due to the presence of atomic oxygen in cristalline silicon are presented. The Born Hamiltonian to calculate the vibrational modes of the system and a simplied model to describe the infrared absorption mechanism are used. The interstitial and the the substitutional cases are considered and analysed. The position of the main infrared absorption peak, their intensities and their isotope shifts are calculated. The results are satisfactory agreement with the available data. (author) [pt

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

    Energy Technology Data Exchange (ETDEWEB)

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

    2010-06-01

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

  20. Valuation of clean energy investments: The case of the Zero Emission Coal (ZEC) technology

    Science.gov (United States)

    Yeboah, Frank Ernest

    Today, coal-fired power plants produce about 55% of the electrical energy output in the U.S. Demand for electricity is expected to grow in future. Coal can and will continue to play a substantial role in the future global energy supply, despite its high emission of greenhouse gases (e.g. CO2 etc.) and low thermal energy conversion efficiency of about 37%. This is due to the fact that, it is inexpensive and global reserves are abundant. Furthermore, cost competitive and environmentally acceptable energy alternatives are lacking. New technologies could also make coal-fired plants more efficient and environmentally benign. One such technology is the Zero Emission Carbon (ZEC) power plant, which is currently being proposed by the ZECA Corporation. How much will such a technology cost? How competitive will it be in the electric energy market when used as a technology for mitigating CO2 emission? If there were regulatory mechanisms, such as carbon tax to regulate CO2 emission, what would be the minimum carbon tax that should be imposed? How will changes in energy policy affect the implementation of the ZEC technology? How will the cost of the ZEC technology be affected, if a switch from coal (high emission-intensive fuel) to natural gas (low emission-intensive fuel) were to be made? This work introduces a model that can be used to analyze and assess the economic value of a ZEC investment using valuation techniques employed in the electric energy industry such as revenue requirement (e.g. cost-of-service). The study concludes that the cost of service for ZEC technology will be about 95/MWh at the current baseline scenario of using fuel cell as the power generation system and coal as the primary fuel, and hence will not be competitive in the energy markets. For the technology to be competitive, fuel cell capital cost should be as low as 500/kW with a lifetime of 20 years or more, the cost of capital should be around 10%, and a carbon tax of 30/t of CO2 should be in place

  1. The impact of DOE building technology energy efficiency programs on U.S. employment, income, and investment

    International Nuclear Information System (INIS)

    Scott, Michael J.; Roop, Joseph M.; Schultz, Robert W.; Anderson, David M.; Cort, Katherine A.

    2008-01-01

    The U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy (EERE) analyzes the macroeconomic impacts of its programs that are designed to increase the energy efficiency of the U.S. residential and commercial building stock. The analysis is conducted using the Impact of Sector Energy Technologies (ImSET) model, a special-purpose 188-sector input-output model of the U.S. economy designed specifically to evaluate the impacts of energy efficiency investments and saving. For the analysis described in the paper, ImSET was amended to provide estimates of sector-by-sector capital requirements and investment. In the scenario of the Fiscal Year (FY) 2005 Building Technologies (BT) program, the technologies and building practices being developed and promoted by the BT program have the potential to save about 2.9 x 10 15 Btu in buildings by the year 2030, about 27% of the expected growth in building energy consumption by the year 2030. The analysis reported in the paper finds that, by the year 2030, these savings have the potential to increase employment by up to 446,000 jobs, increase wage income by $7.8 billion, reduce needs for capital stock in the energy sector and closely related supporting industries by about $207 billion (and the corresponding annual level of investment by $13 billion), and create net capital savings that are available to grow the nation's future economy

  2. Energy efficiency of residential buildings. Energy consumption and investment costs of different building energy standards; Energieeffizienz von Wohngebaeuden. Energieverbraeuche und Investitionskosten energetischer Gebaeudestandards

    Energy Technology Data Exchange (ETDEWEB)

    Beecken, Christoph; Schulze, Stephan [Bow Ingenieure GmbH, Braunschweig (Germany)

    2011-12-15

    In view of the impending energy transition in Germany, turning away from fossil fuels and atomic power and leading to renewable energy sources, the construction of very energy efficient new buildings gains more and more in importance. Because the saving of energy with efficient buildings offers the highest potential to achieve the energy transition without loss of comfort and also complying with the climate protection target of limitation of the carbon dioxide emission. For new buildings in the initial project planning phase, the client needs qualified consulting concerning a reasonable energy standard for his building. The consulting should comprise the multitude of energy efficiency standards and the related financial incentives and not only cover the minimum standard of the German Building Energy Conservation Regulation EnEV (Energieeinsparverordnung). But the architect can hardly quantify the potentials to reduce energy consumption of buildings considering the multitude of existing standards with multifarious effects on energy consumption, technical requirements and building costs. With the help of an example multi-storey residential building in Hannover, current energy standards for residential buildings are compared. Besides the building construction also the building services like heating, hot water generation and ventilation are considered and the most important results concerning energy consumption and investment costs are compared.

  3. Analysis Of The Profitability of Investment In Renewable Energy Sources On The Example of A Semi-Detached House

    Directory of Open Access Journals (Sweden)

    Radziszewska-Zielina Elżbieta

    2016-01-01

    Full Text Available The paper presents an analysis of the profitability of investment in a selection of systems based on renewable energy sources on the example of a semi-detached house with a floor area of nearly 150 m2. The analysis was conducted in three variants:1 the application of a biomass boiler, solar collectors and photovoltaic panels; 2 a heat pump, solar collectors and photovoltaic panels; 3 a heat pump, solar collectors and a wind turbine. Next, the proposed solutions were compared with a traditional heating system featuring a gas-powered boiler and obtaining electricity through the power distribution grid. The investment and operational costs were calculated after the selection of the appropriate equipment. The example under analysis indicates that variant 3 entailed the highest investment costs (the purchase and fitting of a heat pump as well as the drilling required to install underground pumps. Traditional technical solutions were proven to produce the highest costs. The investment profitability analysis was conducted using both the simple and discounted methods of evaluating profitability. It was established that variant 3 yielded the shortest discounted payback period - less than 13 years. It is estimated that the investment will reach the break-even point after this time. As a summary, it must be noted that the profitability of a given investment depends on the adopted technical solutions. Due to high initials costs, investors often lack interest in the purchase and installation of renewable energy generation systems; however, the contribution of the investors can be lowered with the use of subsidies and price reductions regarding the installation of renewable energy generation systems. We can observe a decrease in the price of the most popular and efficient renewable energy systems.

  4. 17 CFR 270.30b1-2 - Semi-annual report for totally-owned registered management investment company subsidiary of...

    Science.gov (United States)

    2010-04-01

    ...-owned registered management investment company subsidiary of registered management investment company...-owned registered management investment company subsidiary of registered management investment company... subsidiary of a registered management investment company need not file a semi-annual report on Form N-SAR if...

  5. Tangible and fungible energy: Hybrid energy market and currency system for total energy management. A Masdar City case study

    International Nuclear Information System (INIS)

    Sgouridis, Sgouris; Kennedy, Scott

    2010-01-01

    We propose the introduction of an energy-based parallel currency as a means to ease the transition to energy-conscious living. Abundant fossil energy resources mask the internal and external energy costs for casual energy consumers. This situation is challenging communities that draw a significant fraction of their primary energy consumption from renewable energy sources. The Masdar Energy Credit (MEC) system is a way of translating the fundamental aspects behind energy generation and usage into a tangible reality for all users with built-in fungibility to incentivize collectively sustainable behavior. The energy credit currency (ergo) corresponds with a chosen unit of energy so that the total amount of ergos issued equals the energy supply of the community. Ergos are distributed to users (residents, commercial entities, employees, and visitors) on a subscription basis and can be surrendered in exchange for the energy content of a service. A spot market pricing mechanism is introduced to relate ergos to 'fiat' currency using a continuously variable exchange rate to prevent depletion of the sustainable energy resource. The MEC system is intended to: (i) meet the sustainable energy balance targets of a community (ii) support peak shaving or load shifting goals, and (iii) raise energy awareness.

  6. Prioritizing investment in residential energy efficiency and renewable energy-A case study for the U.S. Midwest

    International Nuclear Information System (INIS)

    Brecha, R.J.; Mitchell, A.; Hallinan, K.; Kissock, K.

    2011-01-01

    Residential building energy use is an important contributor to greenhouse gas emissions and in the United States represents about 20% of total energy consumption. A number of previous macro-scale studies of residential energy consumption and energy-efficiency improvements are mainly concerned with national or international aggregate potential savings. In this paper we look into the details of how a collection of specific homes in one region might reduce energy consumption and carbon emissions, with particular attention given to some practical limits to what can be achieved by upgrading the existing residential building stock. Using a simple model of residential, single-family home construction characteristics, estimates are made for the efficacy of (i) changes to behavioral patterns that do not involve building shell modifications; (ii) straightforward air-infiltration mitigation measures, and (iii) insulation measures. We derive estimates of net lifetime savings resulting from these measures, in terms of energy, carbon emissions and dollars. This study points out explicitly the importance of local and regional patterns in decision-making about what fraction of necessary regional or national emissions reduction might be accomplished through energy-efficiency measures and how much might need to concentrate more heavily on renewable or other carbon-free sources of energy. - Highlights: → Macro-scale estimates of building energy efficiency measures are not adequate for implementing policy decisions. → Measures taken to implement building energy efficiency upgrades will likely encounter practical limits given the existing building stock. → Energy efficiency measures combined with increases in renewable energy use will be necessary for climate change mitigation. → Regional and local variations in building energy use must be taken into account in energy and climate policy.

  7. Financing the energy renovation of residential buildings through soft loans and third-party investment schemes. Infinite Solutions Guidebook

    International Nuclear Information System (INIS)

    Schilken, Peter; Cicmanova, Jana; Turner, Ian; Van Liefland, Stijn; Kaiser, Maaike; Ethuin, Perrine; Bernair, Corinne; Bertolotti, Enzo; Mordacci, Marco; Fraval, Jacques; Beaupetit, Helene; Safiulins, Timurs; Latisevs, Jevgenijs; Wenzel, Philipp; Dehghan, Bahram; Rask Nielsen, Poul

    2017-02-01

    Financing the energy retrofitting of buildings is a great challenge. With investments ranging from euros 200 to euros 1,200 /m 2 (CITYnvest study, 2015), access to attractive and long-term financing is perceived as the primary barrier to carrying out ambitious energy retrofits, in particular those aiming at achieving 50-75% energy savings. In this guidebook, Energy Cities' members share their experience and guide you through the process of setting up a soft loan financing scheme. The Stuttgart's 'care-free energy renovation package' and third party investment scheme are described in detail in a dedicated case study. The guidebook is intended for local and regional authorities, energy agencies and their associations, national energy agencies, ministries and fund managers, organisations providing training to cities and regions, banks and financing institutions. In short, all organisations and actors who could be interested in replicating these financing schemes or who could support cities and regions in doing so. The guidebook consists of four chapters: Chapter 1: an introduction to soft loan schemes. Chapter 2: step-by-step guidance on how to build a soft loan financing scheme, including an overview of three already tested alternative business models. Chapter 3: summary and recommendations. Chapter 4: case studies, including Stuttgart's third party investment scheme

  8. Economics of total energy schemes in the liberalised European energy market

    Science.gov (United States)

    Lampret, Peter

    This thesis is concerned with the liberalisation of the European Energy markets and the affects this has had on total energy systems. The work concentrates on a number of case studies all of which are located in the area surrounding Gelsenkirchen - Bottrop - Gladbeck, the centre of the Ruhr region of Germany.The thesis describes briefly how the legislation of the parliament of the extended European Union has been interpreted and enacted into German legislation and its affects on production, transport, sales and customers. Primarily the legislation has been enacted to reduce energy costs by having a competitive market while enabling security of supply. The legislation whose development has accelerated since 1999 can lead to negative effects and these have been highlighted for the case studies chosen.The legislation and technological advances, each of them successful by themselves, do not provide the expected reduction of carbon dioxide emissions when applied to total energy system. The introduction of human behaviour as a missing link makes the problems evident and gives a theoretical basis to overcome these problems. The hypothesis is proven by eight detailed research projects and four concisely described ones.The base of the research is the experience gained on approximately 1,000 operation years of the simplest total energy system, that of centralised heating. This experience is transferred to different solutions for total energy systems and their economics in combination with the changing legislation and observation of human behaviour.The variety of topics of the case studies includes the production of heat by boiler, solar or combined heat and power and the use of fuel cells. Additionally the transfer of heat, at the place of demand is considered, either as an individual boiler in a building or as de-centralised district heating.The various results of these projects come together in a final project which covers four different heating systems in identical

  9. Energy Return on Energy Invested (ERoEI) for photovoltaic solar systems in regions of moderate insolation: A comprehensive response

    International Nuclear Information System (INIS)

    Raugei, Marco; Sgouridis, Sgouris; Murphy, David; Fthenakis, Vasilis; Frischknecht, Rolf; Breyer, Christian; Bardi, Ugo; Barnhart, Charles; Buckley, Alastair; Carbajales-Dale, Michael; Csala, Denes; Wild-Scholten, Mariska de; Heath, Garvin; Jæger-Waldau, Arnulf; Jones, Christopher; Keller, Arthur; Leccisi, Enrica; Mancarella, Pierluigi

    2017-01-01

    A recent paper by asserts that the ERoEI (also referred to as EROI) of photovoltaic (PV) systems is so low that they actually act as net energy sinks, rather than delivering energy to society. Such claim, if accurate, would call into question many energy investment decisions. In the same paper, a comparison is also drawn between PV and nuclear electricity. We have carefully analysed this paper, and found methodological inconsistencies and calculation errors that, in combination, render its conclusions not scientifically sound. Ferroni and Hopkirk adopt ‘extended’ boundaries for their analysis of PV without acknowledging that such choice of boundaries makes their results incompatible with those for all other technologies that have been analysed using more conventional boundaries, including nuclear energy with which the authors engage in multiple inconsistent comparisons. In addition, they use out-dated information, make invalid assumptions on PV specifications and other key parameters, and conduct calculation errors, including double counting. We herein provide revised EROI calculations for PV electricity in Switzerland, adopting both conventional and ‘extended’ system boundaries, to contrast with their results, which points to an order-of-magnitude underestimate of the EROI of PV in Switzerland by Ferroni and Hopkirk. - Highlights: • A recent paper by Ferroni and Hopkirk estimated an EROI=0.8 for PV in Switzerland. • We identify several critical methodological and calculation flaws in that paper. • We discuss such flaws in detail and rebut Ferroni and Hopkirk's conclusions. • We provide revised EROI calculations with both conventional and extended boundaries.

  10. A General Mathematical Framework for Calculating Systems-Scale Efficiency of Energy Extraction and Conversion: Energy Return on Investment (EROI and Other Energy Return Ratios

    Directory of Open Access Journals (Sweden)

    Adam R. Brandt

    2011-08-01

    Full Text Available The efficiencies of energy extraction and conversion systems are typically expressed using energy return ratios (ERRs such as the net energy ratio (NER or energy return on investment (EROI. A lack of a general mathematical framework prevents inter-comparison of NER/EROI estimates between authors: methods used are not standardized, nor is there a framework for succinctly reporting results in a consistent fashion. In this paper we derive normalized mathematical forms of four ERRs for energy extraction and conversion pathways. A bottom-up (process model formulation is developed for an n-stage energy harvesting and conversion pathway with various system boundaries. Formations with the broadest system boundaries use insights from life cycle analysis to suggest a hybrid process model/economic input output based framework. These models include indirect energy consumption due to external energy inputs and embodied energy in materials. Illustrative example results are given for simple energy extraction and conversion pathways. Lastly, we discuss the limitations of this approach and the intersection of this methodology with “top-down” economic approaches.

  11. In-Depth Review of the Investment Climate and Market Structure in the Energy Sector. Uzbekistan

    International Nuclear Information System (INIS)

    2005-01-01

    Uzbekistan is an independent republic since 1991. Uzbekistan has a presidential form of government. It has observer status in the WTO since 1994. After years of relatively weak economic performance, the Uzbek government adopted - in close cooperation with the IMF - a programme of macro-economic and structural reforms in 2004. It resulted in a GDP growth of more than 7 percent and a current account surplus exceeding USD 1 billion. In addition, a uniform exchange rate has been introduced for the local currency 'soum' and by 2005 current transaction convertibility has almost been achieved. In 2005, the Uzbek government expects a GDP growth rate of 7 percent. The main driver of sustainable economic development are hydrocarbon resources, mainly natural gas. They offer great potential for Uzbekistan's further economic development. Uzbekistan has set up a legal framework to attract foreign direct investment. Huge amounts of FDI are needed to develop and modernize the energy sector, including a substantial reduction of its high energy intensity. However, up to 2004 FDI inflows have been very modest (FDI inward stock stood at USD 917 million, and FDI annual inflows at USD 70 million in 2003). Among the main reasons for the relatively low attractiveness of the Uzbek energy sector for foreign investors in the past have been the pervasive state ownership allowing for only minority foreign shareholdings, nonpayment problems, non-cost reflective energy prices, non-independence of the energy regulator, and a legislation, which has been perceived by some as vague and unpredictable. The Uzbek government is aware of these shortcomings, and from 2003-2004 important steps have been taken to improve the situation, such as the initiation of price adjustments and the active implementation of a metering programme. The Uzbek government now regards privatisation as a main vehicle to attract more FDI. Currently, however, the energy sector is still controlled by the state. Foreign investors

  12. Renewable energy policies in promoting financing and investment among the East Asia Summit countries: Quantitative assessment and policy implications

    International Nuclear Information System (INIS)

    Chang, Youngho; Fang, Zheng; Li, Yanfei

    2016-01-01

    Many countries have implemented various policies for renewable energy development ranging from setting power purchase agreements and the legislation of renewable energy requirements to providing incentives and imposing carbon taxes. The evaluation of the effectiveness of such policies, however, is fragmented, which raises a need for a comprehensive analysis. This paper aims to assess whether and how policies promoting renewable energy investment have achieved the intended goals. It employs five broadly defined criteria - market, uncertainty, profitability, technology, and financial resources - to build an index to assess respectively if such policies have helped create a market for renewable energy, maximize potential profits, reduce risks relating to the investment, develop and adopt new technologies, and improve the access to financial resources. Each criterion is reflected by three indicators. Values of each indicator are converted into ordinal values for analysis. The index not only scans comprehensively all relevant renewable energy investment policies in the East Asia Summit countries, but also provides systematic and quantitative measures to compare the effectiveness of policies in these countries with respect to the creation of market, the degree of uncertainty, the potential of profitability, the development and adoption of technology and the accessibility of financial resources. - Highlights: •This paper evaluate renewable energy policies in 16 East Asia Summit countries. •Five criteria are used to build the quantitative index. •They are market, profitability, legislation, technology, and financial resources. •Policy implications are drawn based on the index.

  13. Investing in Canada's energy future : getting the framework right : submission to the Council of Energy Ministers, St. Andrews, New Brunswick, September 20, 2005

    International Nuclear Information System (INIS)

    2005-07-01

    The Energy Dialogue Group (EDG) was created in 2004 to advance the issues identified at the 2003 Council of Energy Ministers (CEM) meeting. The EDG includes 18 member associations who joined forces to advance energy efficiency, public understanding and smart regulation and technology. This paper reviewed the need for developing an Energy Framework in Canada and presented a status update. In particular, it focused on the fact that Canada has many programs to meet its international obligations to climate change, but it has no policy. At the previous CEM meeting, the EDG addressed the challenges facing energy management and encouraged Canadians to look for better, more efficient ways to develop energy resources, expand the delivery infrastructure and develop better ways of using energy services. The EDG also suggested that Canadians find ways to adapt to the new, higher price reality by maximizing energy choices, accelerating improvements in energy efficiency and ensuring that vulnerable consumers are not left behind. Since then, the speed at which energy resources and the associated infrastructure have been developed, continues to lag behind demand growth. Prices have increased for all energy forms. The EDG has suggested that Canada must act on its international commitments to the Kyoto Protocol by investing in new supply capacity, improvements in energy efficiency and investment in the longer-term future. In 2004, the International Energy Agency (IEA) stated that the only viable approach in addressing Canada's important energy challenges is that of intensive dialogue to achieve a national consensus on the goals of energy policies. EDG wants all levels of government in Canada to articulate their energy policies to include a wide range of issues such as the role of energy markets and prices in determining investor and consumer behaviour; committing to long-term environmental goals such as reducing GHG emissions; and explaining the need for public acceptance of new

  14. The Total Energy Efficiency Index for machine tools

    International Nuclear Information System (INIS)

    Schudeleit, Timo; Züst, Simon; Weiss, Lukas; Wegener, Konrad

    2016-01-01

    Energy efficiency in industries is one of the dominating challenges of the 21st century. Since the release of the eco-design directive 2005/32/EC in 2005, great research effort has been spent on the energy efficiency assessment for energy using products. The ISO (International Organization for Standardization) standardization body (ISO/TC 39 WG 12) currently works on the ISO 14955 series in order to enable the assessment of energy efficient design of machine tools. A missing piece for completion of the ISO 14955 series is a metric to quantify the design of machine tools regarding energy efficiency based on the respective assembly of components. The metric needs to take into account each machine tool components' efficiency and the need-oriented utilization in combination with the other components while referring to efficiency limits. However, a state of the art review reveals that none of the existing metrics is feasible to adequately match this goal. This paper presents a metric that matches all these criteria to promote the development of the ISO 14955 series. The applicability of the metric is proven in a practical case study on a turning machine. - Highlights: • Study for pushing forward the standardization work on the ISO 14955 series. • Review of existing energy efficiency indicators regarding three basic strategies to foster sustainability. • Development of a metric comprising the three basic strategies to foster sustainability. • Metric application for quantifying the energy efficiency of a turning machine.

  15. Secondary radiation dose during high-energy total body irradiation

    Energy Technology Data Exchange (ETDEWEB)

    Janiszewska, M.; Raczkowski, M. [Lower Silesian Oncology Center, Medical Physics Department, Wroclaw (Poland); Polaczek-Grelik, K. [University of Silesia, Medical Physics Department, Katowice (Poland); Szafron, B.; Konefal, A.; Zipper, W. [University of Silesia, Department of Nuclear Physics and Its Applications, Katowice (Poland)

    2014-05-15

    The goal of this work was to assess the additional dose from secondary neutrons and γ-rays generated during total body irradiation (TBI) using a medical linac X-ray beam. Nuclear reactions that occur in the accelerator construction during emission of high-energy beams in teleradiotherapy are the source of secondary radiation. Induced activity is dependent on the half-lives of the generated radionuclides, whereas neutron flux accompanies the treatment process only. The TBI procedure using a 18 MV beam (Clinac 2100) was considered. Lateral and anterior-posterior/posterior-anterior fractions were investigated during delivery of 2 Gy of therapeutic dose. Neutron and photon flux densities were measured using neutron activation analysis (NAA) and semiconductor spectrometry. The secondary dose was estimated applying the fluence-to-dose conversion coefficients. The main contribution to the secondary dose is associated with fast neutrons. The main sources of γ-radiation are the following: {sup 56}Mn in the stainless steel and {sup 187}W of the collimation system as well as positron emitters, activated via (n,γ) and (γ,n) processes, respectively. In addition to 12 Gy of therapeutic dose, the patient could receive 57.43 mSv in the studied conditions, including 4.63 μSv from activated radionuclides. Neutron dose is mainly influenced by the time of beam emission. However, it is moderated by long source-surface distances (SSD) and application of plexiglass plates covering the patient body during treatment. Secondary radiation gives the whole body a dose, which should be taken into consideration especially when one fraction of irradiation does not cover the whole body at once. (orig.) [German] Die zusaetzliche Dosis durch sekundaere Neutronen- und γ-Strahlung waehrend der Ganzkoerperbestrahlung mit Roentgenstrahlung aus medizinischen Linearbeschleunigern wurde abgeschaetzt. Bei der Emission hochenergetischer Strahlen zur Teletherapie finden hauptsaechlich im Beschleuniger

  16. The impact of government subsidies and enterprises’ R&D investment: A panel data study from renewable energy in China

    International Nuclear Information System (INIS)

    Yu, Feifei; Guo, Yue; Le-Nguyen, Khuong; Barnes, Stuart J.; Zhang, Weiting

    2016-01-01

    In this research, we aim to understand the influence of government subsidies on enterprises’ research and development (R&D) investment behavior, particularly in China’s renewable energy sector. We are also interested in examining how the attributes of enterprise ownership act as a moderating variable for the relationship between government subsidies and R&D investment behavior. Three classical panel data analysis models including the pooled ordinary least squares (OLS) model, the fixed effect model and the random effect model are employed. We find that government subsidies have a significant crowding out influence on enterprises’ R&D investment behavior and that the influence is further moderated by the attributes of enterprise ownership. Moreover, a panel threshold regression model is used to demonstrate how the influence of government subsidies on enterprises’ R&D investment behavior will change when government subsidies increase. Two thresholds, 0.6% and 10.1%, are identified. We recommend that relevant government departments should motivate enterprise R&D investment behavioral intention by increasing subsidies within a certain range. Different attributes of enterprise ownership should also be considered as part of policy reform and re-structuring relating to government subsidies. - Highlights: • Government subsidies have a significant crowding-out effect on enterprises’ R&D. • The moderating role of the attributes of company ownership is examined. • A panel threshold regression model is used to explore the influence of subsidy. • First examining the effect of subsidy in the renewable industry in China.

  17. The impact of behavioural factors in the renewable energy investment decision making process: Conceptual framework and empirical findings

    International Nuclear Information System (INIS)

    Masini, Andrea; Menichetti, Emanuela

    2012-01-01

    Investments in renewable energy (RE) technologies are regarded with increasing interest as an effective means to stimulate growth and accelerate the recovery from the recent financial crisis. Yet, despite their appeal, and the numerous policies implemented to promote these technologies, the diffusion of RE projects remains somehow below expectations. This limited penetration is also due to a lack of appropriate financing and to a certain reluctance to invest in these technologies. In order to shed light on this phenomenon, in this paper we examine the decision making process underlying investments in RE technologies. We propose and test a conceptual model that examines the structural and behavioural factors affecting the investors decisions as well as the relationship between RE investments and portfolio performance. Applying econometric techniques on primary data collected from a sample of European investors, we study how the investors’ a-priori beliefs, their preferences over policy instruments and their attitude toward technological risk affect the likelihood of investing in RE projects. We also demonstrate that portfolio performance increases with an increase of the RE share in the portfolio. Implications for scholars, investors, technology managers and policy makers are derived and discussed.

  18. Energy planning and investment for increased earnings: the case of Nigeria's oil and gas resources

    Energy Technology Data Exchange (ETDEWEB)

    Ojo, A.T.

    1984-03-01

    In view of Nigeria's limited reserves of oil and the high growth rate of oil consumption, and in the wake of the developments in the world oil market since 1981 which have resulted in a drastic shortfall in Nigeria's revenues, the main objective of this article is to highlight some important issues that would spur policy makers towards improved energy planning and increased energy investment in Nigeria so as to assist her in the rationalization of the energy production-mix and consumption, as well as in earning increased revenues from her oil and gas resources. Policymakers in Nigeria are called upon to put an end to further procrastination concerning the liquefied natural gas (LNG) investment project so that the bulk of the country's gas, which is presently being flared, can be re-injected, consumed locally, and exported to supplement dwindling oil revenues. 23 notes and references, 3 tables.

  19. Investments in Renewable Energies. Eonomic, technical and fiscal funding opportunities; Investitionen in Erneuerbare Energien. Wirtschaftliche, technische und steuerliche Foerdermoeglichkeiten

    Energy Technology Data Exchange (ETDEWEB)

    Drysch, Michael; Rosarius, Lothar

    2013-02-01

    The first part of the book under consideration analyses the actual market situation for renewable energies, presents alternative forms of use of renewable energies, summarizes decision-relevant criteria and points out possible promotions of investment. Specialist terms are explained understandable. The consciousness becomes aware of the renewable energy resources. The calculation of profitability is presented by means of a case example. The second part of the book establishes tax basics and presents individual problem areas such as turnover tax liability or commerciality. Fiscal funding opportunities with respect to decisions on investment are explained in detail such as tax-exempt income or special amortizations. Fiscal opportunities are discussed with a particular emphasis on tax pitfalls.

  20. CO2-refrigeration. Investment in an energy efficient supermarket; CO2-koeling. Investeren in een energiezuinige supermarkt

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2011-11-15

    Modem entrepreneurs invest in an energy-neutral supermarket. By that they are working on corporate social responsibility, sustainability and a green image of their company. The reduction of energy consumption results in an indirect reduction of CO2 emission by electric power stations. That is why more and more transcritical refrigeration plants with the natural refrigerant CO2, with global warming impact of 1, will be applied. The energy investment deduction scheme EIA, executed by NL Agency, stimulates a large number of energy saving measures which result in a financial profit for the investing owner or manager. [Dutch] Moderne ondememers investeren in een energieneutrale supermarkt. Ze zijn immers bezig met maatschappelijk verantwoord ondememen, verduurzaming en een groene uitstraling van hun bedrijf. Het terugdringen van het energiegebruik reduceert de indirecte CO2-uitstoot bij de elektriciteitscentrale aanzienlijk. Daarom worden steeds meer transkritische koel-vriesinstallaties die werken met het natuurlijke koudemiddel CO2, met een GWP-waarde van 1, toegepast. De Energie-investeringsaftrekregeling EIA, uitgevoerd door Agentschap NL, stimuleert een groot aantal energiebesparende maatregelen die ten goede komen aan de eigenaar of beheerder.

  1. Energy stores to sell PV products in India: a first investment for PVMTI

    International Nuclear Information System (INIS)

    Simm, Ian; Hart, Terence

    2000-01-01

    The International Finance Corporation (IFC) launched its Photovoltaic Market Transformation Initiative (PVMTI) in June 1998: the objective was to encourage PV companies in the private sector to invest in developing countries. In September 1999, PVMTI announced its first investments (in India, Kenya and Morocco) and the paper discusses progress to date. The cost-effectiveness of solar systems is emphasised. As well as stimulating market growth for PVs, the IFC is also hoping to demonstrate similar business models that can be financed commercially. Following the success of the PVMTI, IFC is planning to support the Solar Development Group and is expected to start investing in 2001. (uk)

  2. Targeting for energy efficiency and improved energy collaboration between different companies using total site analysis (TSA)

    International Nuclear Information System (INIS)

    Hackl, Roman; Andersson, Eva; Harvey, Simon

    2011-01-01

    Rising fuel prices, increasing costs associated with emissions of green house gases and the threat of global warming make efficient use of energy more and more important. Industrial clusters have the potential to significantly increase energy efficiency by energy collaboration. In this paper Sweden's largest chemical cluster is analysed using the total site analysis (TSA) method. TSA delivers targets for the amount of utility consumed and generated through excess energy recovery by the different processes. The method enables investigation of opportunities to deliver waste heat from one process to another using a common utility system. The cluster consists of 5 chemical companies producing a variety of products, including polyethylene (PE), polyvinyl chloride (PVC), amines, ethylene, oxygen/nitrogen and plasticisers. The companies already work together by exchanging material streams. In this study the potential for energy collaboration is analysed in order to reach an industrial symbiosis. The overall heating and cooling demands of the site are around 442 MW and 953 MW, respectively. 122 MW of heat is produced in boilers and delivered to the processes. TSA is used to stepwise design a site-wide utility system which improves energy efficiency. It is shown that heat recovery in the cluster can be increased by 129 MW, i.e. the current utility demand could be completely eliminated and further 7 MW excess steam can be made available. The proposed retrofitted utility system involves the introduction of a site-wide hot water circuit, increased recovery of low pressure steam and shifting of heating steam pressure to lower levels in a number heat exchangers when possible. Qualitative evaluation of the suggested measures shows that 60 MW of the savings potential could to be achieved with moderate changes to the process utility system corresponding to 50% of the heat produced from purchased fuel in the boilers of the cluster. Further analysis showed that after implementation

  3. Total energy analysis of nuclear and fossil fueled power plants

    International Nuclear Information System (INIS)

    Franklin, W.D.; Mutsakis, M.; Ort, R.G.

    1971-01-01

    The overall thermal efficiencies of electrical power generation were determined for Liquid Metal Fast Breeder, High Temperature Gas Cooled, Boiling Water, and Pressurized Water Reactors and for coal-, oil-, and gas-fired systems. All important energy consuming steps from mining through processing, transporting, and reprocessing the fuels were included in the energy balance along with electrical transmission and thermal losses and energy expenditures for pollution abatement. The results of these studies show that the overall fuel cycle efficiency of the light water nuclear fueled reactors is less than the efficiency of modern fossil fuel cycles. However, the nuclear fuel cycle based on the fast breeder reactors should produce power more efficiently than the most modern supercritical fossil fuel cycles. The high temperature gas cooled reactor has a cycle efficiency comparable to the supercritical coal fuel cycle

  4. Poynting Theorem, Relativistic Transformation of Total Energy-Momentum and Electromagnetic Energy-Momentum Tensor

    Science.gov (United States)

    Kholmetskii, Alexander; Missevitch, Oleg; Yarman, Tolga

    2016-02-01

    We address to the Poynting theorem for the bound (velocity-dependent) electromagnetic field, and demonstrate that the standard expressions for the electromagnetic energy flux and related field momentum, in general, come into the contradiction with the relativistic transformation of four-vector of total energy-momentum. We show that this inconsistency stems from the incorrect application of Poynting theorem to a system of discrete point-like charges, when the terms of self-interaction in the product {\\varvec{j}} \\cdot {\\varvec{E}} (where the current density {\\varvec{j}} and bound electric field {\\varvec{E}} are generated by the same source charge) are exogenously omitted. Implementing a transformation of the Poynting theorem to the form, where the terms of self-interaction are eliminated via Maxwell equations and vector calculus in a mathematically rigorous way (Kholmetskii et al., Phys Scr 83:055406, 2011), we obtained a novel expression for field momentum, which is fully compatible with the Lorentz transformation for total energy-momentum. The results obtained are discussed along with the novel expression for the electromagnetic energy-momentum tensor.

  5. The profitability of energy investments. Impact studies made on regional and national economies; Energiainvestointien alue- ja kansantaloudellinen kannattavuustarkastelu

    Energy Technology Data Exchange (ETDEWEB)

    Karttunen, V.; Vanhanen, J.; Vehvilainen, I.; Pesola, A.; Oja, L. [Gaia Consulting Oy, Helsinki (Finland)

    2013-11-01

    This study has shed light on the question whether it is economically justifiable to accelerate the replacing of imported fossil fuels with domestic fuels. This question has been evaluated through assessing the impacts of different energy production solutions on regional and national economies. The results are based on case studies where three types of energy investments have been examined: a 140 MW biomass gasification plant operated by Vaskiluodon Voima, a 162 MW multi-fuel combined heat and power (CHP) plant operated by Kuopio Energy, and a 0.8 MW wood chip boiler investment planned for the local heating network in Kaemmenniemi, Tampere. The calculations are based on a cash flow analysis where the aim is to assess the cash flows resulting from the investments to different stakeholders. The cash flow impacts are reported on four different levels: companies, private persons, municipalities and the government. In addition, impacts on the national current account have been assessed. The analysis of the biomass gasification plant in Vaskiluoto included a comparison of the actual realised investment and a situation where the investment would not have been made and where coal-fired energy production would have continued. With the current extremely low prices of carbon credits, the traditional company-specific analysis model, where only the impacts on the cash flows of the power plant company and its owners are considered, would lead to a situation where it would have been more profitable to continue the use of coal. However, from the regional and national economy points of view, this would be an unfavourable solution: the companies and private persons that form the domestic fuel value chain (wage earners and forest owners) would miss out on a 6.6 million EUR profit. Regarding the new multi-fuel CHP plant in Haapaniemi (operated by Kuopio Energy), the analysis has compared two extremities: energy production with a maximum share (70 %) of domestic wood-based fuel and the

  6. On total cross sections and slopes at superhigh energies

    International Nuclear Information System (INIS)

    Eremyan, Sh.S.; Zhamkochyan, V.M.

    1985-01-01

    A comparative analysis of hadron-hadron interactions in theories with critical and supercritical pomerons is carried out. The main characteristics of binary interactions in both theories are shown practically to coincide to each other in the whole range of accessible energies. Also an analysis of characteristics of hadron-nuclei interactions is given in the framework of Reggeon field theory with critical and supercritical pomerons and multiple scattering theory. The results obtained agree with available experimental data on proton-nuclei interactions at superhigh energies

  7. Strategic Energy Resource Investment Optimization for the US Army (Serious - A). Appendix D

    National Research Council Canada - National Science Library

    Anker, David

    2004-01-01

    The main analytical tool in the SERIOUS-A project for determining investment strategies for providing electrical power to critical mission facilities at an installation by distributed generation (DG...

  8. Total-energy global optimizations using nonorthogonal localized orbitals

    International Nuclear Information System (INIS)

    Kim, J.; Mauri, F.; Galli, G.

    1995-01-01

    An energy functional for orbital-based O(N) calculations is proposed, which depends on a number of nonorthogonal, localized orbitals larger than the number of occupied states in the system, and on a parameter, the electronic chemical potential, determining the number of electrons. We show that the minimization of the functional with respect to overlapping localized orbitals can be performed so as to attain directly the ground-state energy, without being trapped at local minima. The present approach overcomes the multiple-minima problem present within the original formulation of orbital-based O(N) methods; it therefore makes it possible to perform O(N) calculations for an arbitrary system, without including any information about the system bonding properties in the construction of the input wave functions. Furthermore, while retaining the same computational cost as the original approach, our formulation allows one to improve the variational estimate of the ground-state energy, and the energy conservation during a molecular dynamics run. Several numerical examples for surfaces, bulk systems, and clusters are presented and discussed

  9. Effect of a Green Investment Society on the Dutch Renewable Energy Scheme (SDE); Effect Groene Investeringsmaatschappij op SDE

    Energy Technology Data Exchange (ETDEWEB)

    Lensink, S.M.; Van Stralen, J. [ECN Beleidsstudies, Petten (Netherlands)

    2012-11-27

    On request of the Holland Financial Centre, ECN has projected the potential benefits of a Green Investment Company for the expenditure of the SDE+ Scheme (Renewable Energy Incentivisation Scheme). To this end, a calculation was made of the effects of an interest rebate for sustainable energy projects [Dutch] Op verzoek van Holland Financial Centre heeft ECN geraamd wat de voordelen kunnen zijn van een Groene Investeringsmaatschappij op de uitgaven voor de SDE+ (Stimuleringsregeling Duurzame Energie). Hiertoe diende een berekening gemaakt te worden van de effecten van een rentekorting voor duurzame energieprojecten.

  10. Low energy total cross section of 36Ar

    International Nuclear Information System (INIS)

    Mughabghab, S.F.; Magurno, B.A.

    1975-01-01

    To compare the predictions of the valence model with measured partial radiative widths of 36 Ar an accurate knowledge of the bound-level parameters is required. This is achieved by carrying out a Breit-Wigner parameter fit to the total cross section of 36 Ar measured by Chrien et al and renormalized to the recommended values of the thermal capture and scattering cross sections. (1 figure, 1 table) (U.S.)

  11. Qatar - large capital investment planned

    International Nuclear Information System (INIS)

    Roberts, J.

    1996-01-01

    Large capital investments are planned throughout Qatar's energy industry over the next five years totalling $25 billion. This article describes the successful commissioning of Qatar's first liquefied natural gas (LNG) project on time and within budget. The second LNG plant is well underway and plans for a third are under negotiation. (UK)

  12. Essays in Investment Theory

    International Nuclear Information System (INIS)

    Bobtcheff, C.

    2006-01-01

    This thesis analyzes different aspects of the investment decision. In the first chapter, we consider an economy in which different energy sources may produce electricity. The model focuses first on the optimal use of a hydroelectric dam from which water can be extracted and which is supplied with a random water flow. The presence of constraints on a minimal and on a maximal storage capacity makes electricity consumption smoothing possible only when the quantity of water available to the agent lies in a certain range that we determine. In a second stage, we introduce a second energy source with unlimited supply at some exogenous cost. The marginal propensity to produce hydroelectricity is an increasing function of the second technology cost. The availability at a low cost of the alternative source improves thus time diversification. Finally, the optimal electric park is composed of a number of dams that is increasing with the cost of the second technology. Chapter 2 studies the decision of an investor who wants to undertake an irreversible investment when he has the choice between two mutually exclusive projects that present input price and/or output price uncertainty. We prove that the investor decides not to invest in any project when each investment generates the same payoff independently of its size. Therefore, some inaction region appears in which the investor prefers not to invest whereas an immediate investment would have been optimal if no choice had been available: a 'choice value' is thus created. A key feature of this bidimensional degree of uncertainty is thus that the payoff generated by each project is not a sufficient statistic to make a rational investment. In this context, our analysis provides a new motive for waiting to invest: the benefits associated with the dominance of one project over the other. In chapter 3, we study the investment decision problem of a duo-poly with price competition on a market of finite size driven by stochastic taste

  13. The Issue of Social Licence and Energy Utility Planning and Investment

    Directory of Open Access Journals (Sweden)

    Michal C. Moore

    2016-03-01

    critical for society. As well, confidence in the regulatory and policy process are vital for ensuring investment and appropriate, environmentally responsibility energy infrastructure facilities are available for all.

  14. Consumer’s Attitude Towards Investments in Residential Energy-Efficient Appliances: How End-User Choices Contribute to Change Future Energy Systems

    DEFF Research Database (Denmark)

    Baldini, Mattia; Trivella, Alessio; Wente, Jordan William Halverson

    2017-01-01

    conventional and environmentally friendly alternatives when purchasing new household electric appliances. This study employs empirical data from a survey conducted by the Danish Energy Agency to model the decision criteria behind Danish consumer investment in energy-efficient labeled appliances. The analysis...... uses logistic regression over a set of socioeconomic, demographic, and behavioral variables to predict purchase propensities. The findings are relevant for policy makers interested in targeting consumers in the appliance market, particularly for a relatively wealthy national context. The study...

  15. Investment risk evaluation techniques: use in energy-intensive industries and implications for ERDA's Industrial Conservation Program

    Energy Technology Data Exchange (ETDEWEB)

    None

    1977-07-13

    The trade-off between risk and rate-of-return in investment evaluations is crucial in assessing the commercial potential of future energy-conservation technologies. The focus of the Industrial Conservation Program at ERDA is to reduce the perceived risks of a given technology to the extent that the private sector will adopt the technology within the normal course of its business operations. These perceived risks may emanate from technical, institutional, or commercial uncertainties, or in many cases they may result merely from a company's or industry's lack of previous experience with a particular technology. Regardless of the source of the risk surrounding a project, the uncertainty it poses to the private sector will serve to inhibit decisions to invest. This study evaluates the treatment of risk in capital investments in certain energy-intensive industries which are the primary targets of ERDA's Industrial Conservation Program. These risks evaluation considerations were placed within a context that includes capital budgeting practices and procedures, organizational considerations, and basic rate-of-return evaluation procedures in the targeted energy-intensive industries (petroleum, chemicals, paper, textiles, cement, food processing, aluminum, steel, glass, and agriculture).

  16. The Impact of Environmental Regulation on Total Factor Energy Efficiency: A Cross-Region Analysis in China

    Directory of Open Access Journals (Sweden)

    Jianting Lin

    2017-10-01

    Full Text Available Environmental regulations are the key measure by which governments achieve sustainable environmental and economic development. This study aimed to determine the direct and indirect impacts of environmental regulations on total factor energy efficiency of regions in China. Since regions have different levels of economic development and resource endowment, we used the slacks-based measure (SBM-undesirable model to calculate total factor energy efficiency considering regional technology heterogeneity and examined the regional impacts of environmental regulation on this efficiency using the Tobit regression model. A positive direct impact was generated in the eastern region of China by the forced mechanism, which forced enterprises to reduce fossil fuel energy demand and increase clean energy consumption; whereas a negative direct impact was generated in the middle and western regions owing to the green paradox, which is the observation that expected stringent environmental regulation prompts energy owners to accelerate resource extraction. Moreover, indirect impacts through technological progress and foreign direct investment were taken into account in the model, and the results show that the indirect impacts vary across regions. A logical response to these findings would be to develop different policies for different regions.

  17. Solar total energy-large scale experiment, Shenandoah, Georgia

    Science.gov (United States)

    Hensley, W. R.

    1980-01-01

    The design and development of a 7 meter diameter parabolic dish solar collector are discussed. Each of the four main subsystems of the collector: (1) reflector, (2) mount and drives, (3) receiver and (4) the controls, is discussed briefly with the major emphasis on the receiver design. To minimize development risks and production costs, a dish design based on use of stamped aluminum petals (sectors) was chosen. This design is similar to the design of a communication antenna already commercially produced. The reflective surface of the petals has a total reflectance of .86 and a specularity (dispersion) of 8 mrd. This performance is obtained by mechanical polishing and chemical brightening of the petal surface, followed by application of a clear RTV silicone protective coating. Selection of the material and weather proofing coated are discussed. Results from performance tests on an engineering development dish collector are presented and compared with pretest predictions.

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

    DEFF Research Database (Denmark)

    Kitzing, Lena; Juul, Nina; Drud, Michael Stolbjerg Leni

    2016-01-01

    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...... 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....

  19. Energy and economic analysis of total energy systems for residential and commercial buildings. [utilizing waste heat recovery techniques

    Science.gov (United States)

    Maag, W. L.; Bollenbacher, G.

    1974-01-01

    Energy and economic analyses were performed for an on-site power-plant with waste heat recovery. The results show that for any specific application there is a characteristic power conversion efficiency that minimizes fuel consumption, and that efficiencies greater than this do not significantly improve fuel consumption. This type of powerplant appears to be a reasonably attractive investment if higher fuel costs continue.

  20. Evolution of investment costs related to wood energy collective installations (2000-2006). Final report - Synthesis

    International Nuclear Information System (INIS)

    2009-04-01

    Based on a survey on 90 French projects, and on a comparison with 76 German projects and 36 Austrian projects, this document proposes a synthesis of a study which aimed at identifying and analysing the evolution of investment costs for wood collective heating systems between 2000 and 2006. Data are analysed and commented while stressing their limitations which are related to their quality, to project heterogeneity, to economic value scattering. The evolution of investment costs of French projects is analysed in terms of global cost, and of items (heat production, public works, studies and construction, item ratios)

  1. SENSITIVITY ANALYSIS OF BUILDING STRUCTURES WITHIN THE SCOPE OF ENERGY, ENVIRONMENT AND INVESTMENT

    Directory of Open Access Journals (Sweden)

    František Kulhánek

    2015-10-01

    Full Text Available The primary objective of this paper is to prove the feasibility of sensitivity analysis with dominant weight method for structure parts of envelope of buildings inclusive of energy; ecological and financial assessments, and determination of different designs for same structural part via multi-criteria assessment with theoretical example designs ancillary. Multi-criteria assessment (MCA of different structural designs or in other word alternatives aims to find the best available alternative. The application of sensitivity analysis technique in this paper bases on dominant weighting method. In this research, to choose the best thermal insulation design in the case of that more than one projection, simultaneously, criteria of total thickness (T; heat transfer coefficient (U through the cross section; global warming potential (GWP; acid produce (AP; primary energy content (PEI non renewable and cost per m2 (C are investigated for all designs via sensitivity analysis. Three different designs for external wall (over soil which are convenient with regard to globally suggested energy features for passive house design are investigated through the mentioned six projections. By creating a given set of scenarios; depending upon the importance of each criterion, sensitivity analysis is distributed. As conclusion, uncertainty in the output of model is attributed to different sources in the model input. In this manner, determination of the best available design is achieved. The original outlook and the outlook afterwards the sensitivity analysis are visualized, that enables easily to choose the optimum design within the scope of verified components.

  2. A constrained optimization algorithm for total energy minimization in electronic structure calculations

    International Nuclear Information System (INIS)

    Yang Chao; Meza, Juan C.; Wang Linwang

    2006-01-01

    A new direct constrained optimization algorithm for minimizing the Kohn-Sham (KS) total energy functional is presented in this paper. The key ingredients of this algorithm involve projecting the total energy functional into a sequence of subspaces of small dimensions and seeking the minimizer of total energy functional within each subspace. The minimizer of a subspace energy functional not only provides a search direction along which the KS total energy functional decreases but also gives an optimal 'step-length' to move along this search direction. Numerical examples are provided to demonstrate that this new direct constrained optimization algorithm can be more efficient than the self-consistent field (SCF) iteration

  3. Cost-benefit assessment of energy efficiency investments: Accounting for future resources, savings and risks in the Australian residential sector

    International Nuclear Information System (INIS)

    Morrissey, J.; Meyrick, B.; Sivaraman, D.; Horne, R.E.; Berry, M.

    2013-01-01

    This article focuses on the impact of the discount rate on cost-benefit assessment of investment options for residential building efficiency. An integrated thermal modeling, life cycle costing approach is applied to an extensive sample of dominant house designs for Australian conditions. The relative significance of predicted thermal performance and the applied discount rate on the Present Value of energy savings from alternative investment scenarios is investigated. Costs and benefits are also evaluated at the economy-wide scale, including carbon pricing considerations, and for a test-case household faced with alternative investment options at the point of construction. The influence of the applied discount rate on produced cost-benefit calculations is investigated, as is the interaction between critical cost-benefit input parameters. Findings support that the discounting framework is the primary driver of difference in estimates about costs and benefits of higher standards of efficiency in the residential sector. Results demonstrate that agreement on a low discount rate based on sustainability principals would prioritise those projects with significant environmental benefits. - Highlights: ► High thermal efficiency is a key strategy to limit energy use in buildings. ► Integrated thermal modeling—life-cycle costing methods are applied to dominant house designs. ► The discounting framework is the primary driver of difference in observed costs. ► The selection of optimal performance investment options depends on the discount rate. ► Application of a discount rate of 3.5% or lower favours energy saving projects

  4. Reducing Transaction Costs for Energy Efficiency Investments and Analysis of Economic Risk Associated With Building Performance Uncertainties: Small Buildings and Small Portfolios Program

    Energy Technology Data Exchange (ETDEWEB)

    Langner, R.; Hendron, B.; Bonnema, E.

    2014-08-01

    The small buildings and small portfolios (SBSP) sector face a number of barriers that inhibit SBSP owners from adopting energy efficiency solutions. This pilot project focused on overcoming two of the largest barriers to financing energy efficiency in small buildings: disproportionately high transaction costs and unknown or unacceptable risk. Solutions to these barriers can often be at odds, because inexpensive turnkey solutions are often not sufficiently tailored to the unique circumstances of each building, reducing confidence that the expected energy savings will be achieved. To address these barriers, NREL worked with two innovative, forward-thinking lead partners, Michigan Saves and Energi, to develop technical solutions that provide a quick and easy process to encourage energy efficiency investments while managing risk. The pilot project was broken into two stages: the first stage focused on reducing transaction costs, and the second stage focused on reducing performance risk. In the first stage, NREL worked with the non-profit organization, Michigan Saves, to analyze the effects of 8 energy efficiency measures (EEMs) on 81 different baseline small office building models in Holland, Michigan (climate zone 5A). The results of this analysis (totaling over 30,000 cases) are summarized in a simple spreadsheet tool that enables users to easily sort through the results and find appropriate small office EEM packages that meet a particular energy savings threshold and are likely to be cost-effective.

  5. Estimating decades-long trends in petroleum field energy return on investment (EROI) with an engineering-based model

    Science.gov (United States)

    Tripathi, Vinay S.

    2017-01-01

    This paper estimates changes in the energy return on investment (EROI) for five large petroleum fields over time using the Oil Production Greenhouse Gas Emissions Estimator (OPGEE). The modeled fields include Cantarell (Mexico), Forties (U.K.), Midway-Sunset (U.S.), Prudhoe Bay (U.S.), and Wilmington (U.S.). Data on field properties and production/processing parameters were obtained from a combination of government and technical literature sources. Key areas of uncertainty include details of the oil and gas surface processing schemes. We aim to explore how long-term trends in depletion at major petroleum fields change the effective energetic productivity of petroleum extraction. Four EROI ratios are estimated for each field as follows: The net energy ratio (NER) and external energy ratio (EER) are calculated, each using two measures of energy outputs, (1) oil-only and (2) all energy outputs. In all cases, engineering estimates of inputs are used rather than expenditure-based estimates (including off-site indirect energy use and embodied energy). All fields display significant declines in NER over the modeling period driven by a combination of (1) reduced petroleum production and (2) increased energy expenditures on recovery methods such as the injection of water, steam, or gas. The fields studied had NER reductions ranging from 46% to 88% over the modeling periods (accounting for all energy outputs). The reasons for declines in EROI differ by field. Midway-Sunset experienced a 5-fold increase in steam injected per barrel of oil produced. In contrast, Prudhoe Bay has experienced nearly a 30-fold increase in amount of gas processed and reinjected per unit of oil produced. In contrast, EER estimates are subject to greater variability and uncertainty due to the relatively small magnitude of external energy investments in most cases. PMID:28178318

  6. Estimating decades-long trends in petroleum field energy return on investment (EROI) with an engineering-based model.

    Science.gov (United States)

    Tripathi, Vinay S; Brandt, Adam R

    2017-01-01

    This paper estimates changes in the energy return on investment (EROI) for five large petroleum fields over time using the Oil Production Greenhouse Gas Emissions Estimator (OPGEE). The modeled fields include Cantarell (Mexico), Forties (U.K.), Midway-Sunset (U.S.), Prudhoe Bay (U.S.), and Wilmington (U.S.). Data on field properties and production/processing parameters were obtained from a combination of government and technical literature sources. Key areas of uncertainty include details of the oil and gas surface processing schemes. We aim to explore how long-term trends in depletion at major petroleum fields change the effective energetic productivity of petroleum extraction. Four EROI ratios are estimated for each field as follows: The net energy ratio (NER) and external energy ratio (EER) are calculated, each using two measures of energy outputs, (1) oil-only and (2) all energy outputs. In all cases, engineering estimates of inputs are used rather than expenditure-based estimates (including off-site indirect energy use and embodied energy). All fields display significant declines in NER over the modeling period driven by a combination of (1) reduced petroleum production and (2) increased energy expenditures on recovery methods such as the injection of water, steam, or gas. The fields studied had NER reductions ranging from 46% to 88% over the modeling periods (accounting for all energy outputs). The reasons for declines in EROI differ by field. Midway-Sunset experienced a 5-fold increase in steam injected per barrel of oil produced. In contrast, Prudhoe Bay has experienced nearly a 30-fold increase in amount of gas processed and reinjected per unit of oil produced. In contrast, EER estimates are subject to greater variability and uncertainty due to the relatively small magnitude of external energy investments in most cases.

  7. Estimating decades-long trends in petroleum field energy return on investment (EROI with an engineering-based model.

    Directory of Open Access Journals (Sweden)

    Vinay S Tripathi

    Full Text Available This paper estimates changes in the energy return on investment (EROI for five large petroleum fields over time using the Oil Production Greenhouse Gas Emissions Estimator (OPGEE. The modeled fields include Cantarell (Mexico, Forties (U.K., Midway-Sunset (U.S., Prudhoe Bay (U.S., and Wilmington (U.S.. Data on field properties and production/processing parameters were obtained from a combination of government and technical literature sources. Key areas of uncertainty include details of the oil and gas surface processing schemes. We aim to explore how long-term trends in depletion at major petroleum fields change the effective energetic productivity of petroleum extraction. Four EROI ratios are estimated for each field as follows: The net energy ratio (NER and external energy ratio (EER are calculated, each using two measures of energy outputs, (1 oil-only and (2 all energy outputs. In all cases, engineering estimates of inputs are used rather than expenditure-based estimates (including off-site indirect energy use and embodied energy. All fields display significant declines in NER over the modeling period driven by a combination of (1 reduced petroleum production and (2 increased energy expenditures on recovery methods such as the injection of water, steam, or gas. The fields studied had NER reductions ranging from 46% to 88% over the modeling periods (accounting for all energy outputs. The reasons for declines in EROI differ by field. Midway-Sunset experienced a 5-fold increase in steam injected per barrel of oil produced. In contrast, Prudhoe Bay has experienced nearly a 30-fold increase in amount of gas processed and reinjected per unit of oil produced. In contrast, EER estimates are subject to greater variability and uncertainty due to the relatively small magnitude of external energy investments in most cases.

  8. Programme of Investments for the Future: continuing and amplifying the action in favour of energy transition. Assessment 2014

    International Nuclear Information System (INIS)

    2015-06-01

    As the ADEME is to implement four Programmes of Investments for the Future (PIA) to support pre-industrial experimentations, research demonstrators or industry firsts in the fields of renewable energies and green chemistry, of tomorrow's vehicles and mobility, of smart power grids, and of circular economy, this report proposes indications of numbers of retained projects and of financial support in different specific fields, and brief presentations of objectives and realisations or projects in energy storage and the hydrogen sector (creation of a world leader in hydrogen production by hydrolysis, project of injection of hydrogen in gas networks), in renewable energies (projects of renewable marine energy), in smart grids (a smart grid tested at the scale of an area of activity), in mobility and transport (the necessity to install at a higher rate charging points for electric vehicles, cleaner ferries, improved performance in railway, an innovative electric bus in Nice), in energy and environmental efficiency (less consuming buildings, improvement of ecologic efficiency in agriculture and industry), and in circular economy and recycling (titanium recycling in aeronautics, fabrication of new tyres with old ones). The themes of the second wave of investments are finally presented, with notably a better efficiency in project instruction modalities (shorter delays, project support, ecologically and economically conditioned financing)

  9. Statistical properties of kinetic and total energy densities in reverberant spaces

    DEFF Research Database (Denmark)

    Jacobsen, Finn; Molares, Alfonso Rodriguez

    2010-01-01

    Many acoustical measurements, e.g., measurement of sound power and transmission loss, rely on determining the total sound energy in a reverberation room. The total energy is usually approximated by measuring the mean-square pressure (i.e., the potential energy density) at a number of discrete....... With the advent of a three-dimensional particle velocity transducer, it has become somewhat easier to measure total rather than only potential energy density in a sound field. This paper examines the ensemble statistics of kinetic and total sound energy densities in reverberant enclosures theoretically...... positions. The idea of measuring the total energy density instead of the potential energy density on the assumption that the former quantity varies less with position than the latter goes back to the 1930s. However, the phenomenon was not analyzed until the late 1970s and then only for the region of high...

  10. Renewable energy technologies for irrigation water pumping in India: projected levels of dissemination, energy delivery and investment requirements using available diffusion models

    Energy Technology Data Exchange (ETDEWEB)

    Pallav Purohit; Kandpal, T.C. [Indian Institute of Technology, New Delhi (India). Centre for Energy Studies

    2005-12-01

    Using the past diffusion trends of four renewable energy technologies for irrigation water pumping in India (SPV pumps, windmill pumps and biogas/producer gas driven dual fuel engine pumps), results of an attempt to project their future dissemination levels, have been presented in this study. The likely contribution of the renewable energy options considered in the study to the projected energy demand for irrigation water pumping in India has been estimated. Estimates of the associated investment requirements taking into account the learning effect have also been presented. (author)

  11. Nuclear vendors see rising prospects for investment in energy-hungry Africa

    Energy Technology Data Exchange (ETDEWEB)

    Shepherd, John [nuclear 24, St. George' s, Redditch (United Kingdom)

    2017-12-15

    The term 'Africa rising' derives from the economic growth witnessed across the continent between 2000 and 2014. However, weakened performance over the past couple of years, particularly in sub-Saharan Africa (SSA), has dented investor confidence and expectations. Nevertheless, the continent remains fertile ground for investment, including nuclear power, and at least two of the world's major nuclear operators and developers - Russia and and China - are stepping up interest in the region.

  12. Nuclear vendors see rising prospects for investment in energy-hungry Africa

    International Nuclear Information System (INIS)

    Shepherd, John

    2017-01-01

    The term 'Africa rising' derives from the economic growth witnessed across the continent between 2000 and 2014. However, weakened performance over the past couple of years, particularly in sub-Saharan Africa (SSA), has dented investor confidence and expectations. Nevertheless, the continent remains fertile ground for investment, including nuclear power, and at least two of the world's major nuclear operators and developers - Russia and and China - are stepping up interest in the region.

  13. Determining the Return of Energy Efficiency Investments in Domestic and Deployed Military Installations

    National Research Council Canada - National Science Library

    Gammache, Nathan J

    2007-01-01

    ...: the use of Energy Savings Performance Contracts to fund energy efficiency improvements at domestic military installations, and the use of waste to energy generators at remote, deployed military installations...

  14. Evaluation of the Energy Investment Allowance (EIA). Ex-post evaluation 2006-2011; Evaluatie Energie Investeringsaftrek. Ex post evaluatie 2006-2011

    Energy Technology Data Exchange (ETDEWEB)

    Volkerink, B.; Slingerland, S.; Boeve, S.; Meindert, L. [Ecorys, Rotterdam (Netherlands); De Groot, H.L.F. [Vrije Universiteit VU, Amsterdam (Netherlands); Van Zutphen, F. [Van Zutphen Economisch Advies, Rotterdam (Netherlands)

    2012-11-15

    The EIA (Energy Investment Allowance) has been evaluated for the period 2006-2011. Attention has been paid to its relevancy and the (cost) effectiveness [Dutch] Er is onderzocht of de EIA in de periode 2006 tot en met 2011 goed heeft gefunctioneerd. Daarbij is gekeken naar de relevantie van de EIA, de effectiviteit en kosteneffectiviteit van de EIA en is een evaluatie van de uitvoering gemaakt.

  15. Turkey's Energy Investments – Projects - Policies: An Overview Under Decision Making Approach

    OpenAIRE

    Şimşek, Ahmet Bahadır

    2016-01-01

    One of the never-ending discussiontopics in today’s modern time is doubtlessly energy supply. Energy gained evenmore value with the industrial revolution; nowadays it maintains its importanceas an element of strategic balance. Although energy resources are not dispersedhomogeneously of the earth's surface, global demand for energy supplies isconstantly increasing that allows energy to be used as a strategic weapon.Countries, which are dependent on foreign energy, are on the target of thi...

  16. 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)

  17. Assessment and Decomposition of Total Factor Energy Efficiency: An Evidence Based on Energy Shadow Price in China

    Directory of Open Access Journals (Sweden)

    Peihao Lai

    2016-04-01

    Full Text Available By adopting an energy-input based directional distance function, we calculated the shadow price of four types of energy (i.e., coal, oil, gas and electricity among 30 areas in China from 1998 to 2012. Moreover, a macro-energy efficiency index in China was estimated and divided into intra-provincial technical efficiency, allocation efficiency of energy input structure and inter-provincial energy allocation efficiency. It shows that total energy efficiency has decreased in recent years, where intra-provincial energy technical efficiency drops markedly and extensive mode of energy consumption rises. However, energy structure and allocation improves slowly. Meanwhile, lacking an integrated energy market leads to the loss of energy efficiency. Further improvement of market allocation and structure adjustment play a pivotal role in the increase of energy efficiency.

  18. Social rate of return to R&D on various energy technologies: Where should we invest more? A study of G7 countries

    International Nuclear Information System (INIS)

    Inglesi-Lotz, Roula

    2017-01-01

    The importance of investment in Research and Development (R&D) in the energy sector is indisputable especially considering the benefits of new technologies to sustainability, security and environmental protection. However, the nature and potential of various energy technologies that are capable of improving the energy and environmental conditions globally is a challenging task for governments and policy makers that have to make decisions on the allocation of funds in R&D. To do so, the optimal resource allocation to R&D should be determined by estimating the social rate of return for R&D investments. This paper aims to estimate the social rate of return of R&D on various energy applications and technologies such as energy efficiency, fossil fuels, renewable energy sources, and nuclear for the G7 countries. The results show that primarily R&D investment on Energy Efficiency technologies and Nuclear are the ones that yield high social benefits for all G7 countries while exactly the opposite holds for Fossil fuels. - Highlights: • Allocation of R&D funding in various energy technologies is a challenging task. • This can be done by estimating the social rate of return for R&D investments • We investigate various technologies’ social rate of return for the G7 countries. • R&D funding yields social benefits from energy efficiency and nuclear technologies. • R&D investment on fossil fuels has negative social rate of return.

  19. Analysis of Circular Development and Investment Possibilities (Transport, Energy and Building Related to International Sports Event Planning

    Directory of Open Access Journals (Sweden)

    Horváth Bálint

    2017-09-01

    Full Text Available This study investigates the possibilities of various development areas (transport, energy, building to make the cost-efficient realisation of high-profile investments, and organising and holding international sports events possible. Using a case study, the paper introduces development routes based on the evaluation of environmental and economic perspectives. The current research introduces the investment characteristics based on the development of the Hungarian building, energy and transport sectors for the 2017-2030 period. The main criterion is the integration of ‘circular economy’. For sectors which operate with high material and energy consumption, the consideration of circular economy principles may prove to be important for sustainable development. Through planning highvolume sports and worldwide events, the usual development strategy for traffic systems focuses on public transport and rentable vehicles (f. e. electric scooter, or bicycle which can decrease CO2 emissions via modern technological solutions. Regarding the buildings, sports arenas and related facilities, besides the existing low-carbon solutions, the functions of buildings must be expanded and their usage prolonged. The management of waste left after the life cycle is expended has to be pre-planned. These are the options for making the sector’s GHG emissions decrease apart from circular tenders, which can be further combined with SMART energetic solutions.

  20. Causal relationships between energy consumption, foreign direct investment and economic growth: Fresh evidence from dynamic simultaneous-equations models

    International Nuclear Information System (INIS)

    Omri, Anis; Kahouli, Bassem

    2014-01-01

    This paper examines the interrelationships between energy consumption, foreign direct investment and economic growth using dynamic panel data models in simultaneous-equations for a global panel consisting of 65 countries. The time component of our dataset is 1990–2011 inclusive. To make the panel data analysis more homogenous, we also investigate this interrelationship for a number of sub-panels which are constructed based on the income level of countries. In this way, we end up with three income panels; namely, high income, middle income, and low income panels. In the empirical part, we draw on the growth theory and augment the classical growth model, which consists of capital stock, labor force and inflation, with foreign direct investment and energy. Generally, we show mixed results about the interrelationship between energy consumption, FDI and economic growth. - Highlights: • We examine the energy–FDI–growth nexus for a global panel of 65 countries. • Dynamic simultaneous-equation panel data models are used to address this issue. • We also investigate this nexus for three sub-panels which are constructed based on the income level of countries. • We show mixed results about the interrelationship between the three variables

  1. The Present and Future of Szigetvár Spa – An Economic Analysis of Geothermal Energy Investment

    Directory of Open Access Journals (Sweden)

    Judit Pálné Schreiner

    2014-09-01

    Full Text Available In Hungary, geothermal energy has proved to be an economical source of energy for direct use. It highlights the pros and cons of including renewable energy in the power generation mix of Hungary, and the pros and cons of local application. This paper looks at the operation of Szigetvár Spa from both economic and social aspects. In this study, qualitative analysis is used for the basic economic and social introduction of the Spa, and then real options, based on quantitative methods, are described to identify the long-term financial consequences of the project. In 1966, thermal water was found in Szigetvár. In 1997, this thermal water was certified as medicinal water. The wellhead temperature of Szigetvár thermal water is 62°C in the 790 metres deep thermal well. It is used as so-called domestic hot water in the Szent István housing estate and in Szigetvár Spa. One of the problems with the project is that it is based on single stage thermal water utilization, another problem is that the waste water is too hot. This can be solved by exploiting the heat energy of thermal water more intensively. This way, maximum benefits can be gained from geothermal energy with minimum use of energy. Static and dynamic investment analyses were carried out to examine the spa from a financial aspect. The methods used include static payback period, average rate of return, levelized cost of electricity, net present value, profitability index, dynamic payback period, internal rate of return and real options. By pricing geothermal technology, it is possible to identify the strategic value of flexibility, to quantify what was previously left unquantified, and thus to show that geothermal investments are profitable not only from a social but also from a financial aspect as well.

  2. Research on the decomposition model for China’s National Renewable Energy total target

    International Nuclear Information System (INIS)

    Liu, Zhen; Shi, Yuren; Yan, Jianming; Ou, Xunmin; Lieu, Jenny

    2012-01-01

    It is crucial that China’s renewable energy national target in 2020 is effectively decomposed into respective period targets at the provincial level. In order to resolve problems arising from combining the national and local renewable energy development plan, a total target and period target decomposition model of renewable energy is proposed which considers the resource distribution and energy consumption of different provinces as well as the development characteristics of various renewable energy industries. In the model, the total proposed target is comprised of three shares: basic share, fixed share and floating share target. The target distributed for each province is then determined by the preference relation. That is, when total renewable energy target is distributed, the central government is more concerned about resources potential or energy consumption. Additionally, the growth models for various renewable energy industries are presented, and the period targets of renewable energy in various provinces are proposed in line with regional economic development targets. In order to verify whether the energy target can be achieved, only wind power, solar power, and hydropower are considered in this study. To convenient to assess the performance of local government, the two year period is chosen as an evaluation cycle in the paper. The renewable energy targets per two-year period for each province are calculated based on the overall national renewable energy target, energy requirements and resources distribution. Setting provincial period targets will help policy makers to better implement and supervise the overall renewable energy plan. - Highlights: It is very importance that the national target of renewable energy in 2020 can be effectively decomposed into the stages target of various province. In order to resolve the relation the plan between the national and local renewable energy development planning, a total target and phase target decomposition model

  3. Successfull expansion of renewable energies due to reimbursement rates. Companies demand safety of investment; Erfolgreicher Ausbau Erneuerbarer Energien dank Einspeiseverguetung. Unternehmen fordern Investitionssicherheit

    Energy Technology Data Exchange (ETDEWEB)

    Kunz, Claudia (comp.)

    2012-06-22

    Quota systems for the promotion of renewable energy sources are inferior to the reimbursement rates such as the German Renewable Energy Law (EEG). The reimbursement rates have been proven to be efficient and effective. Therefore companies demand no dismissal of the EEG because a dismissal reduces the security of investment and thwarts the expansion of renewable energies.

  4. The Use of Trust Regions in Kohn-Sham Total Energy Minimization

    International Nuclear Information System (INIS)

    Yang, Chao; Meza, Juan C.; Wang, Lin-wang

    2006-01-01

    The Self Consistent Field (SCF) iteration, widely used for computing the ground state energy and the corresponding single particle wave functions associated with a many-electron atomistic system, is viewed in this paper as an optimization procedure that minimizes the Kohn-Sham total energy indirectly by minimizing a sequence of quadratic surrogate functions. We point out the similarity and difference between the total energy and the surrogate, and show how the SCF iteration can fail when the minimizer of the surrogate produces an increase in the KS total energy. A trust region technique is introduced as a way to restrict the update of the wave functions within a small neighborhood of an approximate solution at which the gradient of the total energy agrees with that of the surrogate. The use of trust region in SCF is not new. However, it has been observed that directly applying a trust region based SCF(TRSCF) to the Kohn-Sham total energy often leads to slow convergence. We propose to use TRSCF within a direct constrained minimization(DCM) algorithm we developed in dcm. The key ingredients of the DCM algorithm involve projecting the total energy function into a sequence of subspaces of small dimensions and seeking the minimizer of the total energy function within each subspace. The minimizer of a subspace energy function, which is computed by TRSCF, not only provides a search direction along which the KS total energy function decreases but also gives an optimal 'step-length' that yields a sufficient decrease in total energy. A numerical example is provided to demonstrate that the combination of TRSCF and DCM is more efficient than SCF

  5. The total Hartree-Fock energy-eigenvalue sum relationship in atoms

    International Nuclear Information System (INIS)

    Sen, K.D.

    1979-01-01

    Using the well known relationships for the isoelectronic changes in the total Hartree-Fock energy, nucleus-electron attraction energy and electron-electron repulsion energy in atoms a simple polynomial expansion in Z is obtained for the sum of the eigenvalues which can be used to calculate the total Hartree-Fock energy. Numerical results are presented for 2-10 electron series to show that the present relationship is a better approximation than the other available energy-eigenvalue relationships. (author)

  6. Energy efficiency improvement: A strong driver for Total operations and R and D

    Energy Technology Data Exchange (ETDEWEB)

    Garnaud, Frederic; Rocher, Anne

    2010-09-15

    Total has implemented an energy efficiency action plan for both producing fields and new projects linked to a dedicated R and D program. The Energy efficiency assessment methodology is described, with an example: base line of the current situation, energy efficiency plan, contribution to best practices at corporate level. A methodology to assess the energy efficiency of a new development has been defined and implemented within Total. This methodology as well as related indicators is presented. Examples of R and D results dedicated to improve energy efficiency in two major areas of future developments are given: sour gas production and deep offshore field architecture.

  7. Behavioral and physiological flexibility are used by birds to manage energy and support investment in the early stages of reproduction

    Directory of Open Access Journals (Sweden)

    François VÉzina, Katrina G. SALVANTE

    2010-12-01

    Full Text Available Interest in phenotypic flexibility has increased dramatically over the last decade, but flexibility during reproduction has received relatively little attention from avian scientists, despite its possible impact on fitness. Because most avian species maintain atrophied reproductive organs when not active, reproduction in birds requires major tissue remodeling in preparation for breeding. Females undergo rapid (days recrudescence and regression of their reproductive organs at each breeding attempt, while males grow their organs ahead of time at a much slower rate (weeks and may maintain them at maximal size throughout the breeding season. Reproduction is associated with significant metabolic costs. Egg production leads to a 22–27% increase in resting metabolic rate (RMR over non-reproductive values. This is partly due to the activity of the oviduct, an organ that may allow females to adjust reproductive investment by modulating egg size and quality. In males, gonadal recrudescence may lead to a 30% increase in RMR, but the data are inconsistent and general conclusions regarding energetic costs of reproduction in males will require more research. Recent studies on captive female zebra finches describe the impacts of these costs on daily energy budgets and highlight the strategies used by birds to maintain their investment in reproduction when energy is limited. Whenever possible, birds use behavioral flexibility as a first means of saving energy. Decreasing locomotor activity saves energy during challenges such as egg production or exposure to cold temperatures and is an efficient way to buffer variation in individual daily energy budgets. However, when behavioral flexibility is not possible, birds must rely on flexibility at the physiological level to meet energy demands. In zebra finches breeding in the cold, this results in a reduced pace of laying, likely due to down-regulation of both reproductive and non-reproductive function, allowing

  8. Impact of dietary fiber energy on the calculation of food total energy value in the Brazilian Food Composition Database.

    Science.gov (United States)

    Menezes, Elizabete Wenzel de; Grande, Fernanda; Giuntini, Eliana Bistriche; Lopes, Tássia do Vale Cardoso; Dan, Milana Cara Tanasov; Prado, Samira Bernardino Ramos do; Franco, Bernadette Dora Gombossy de Melo; Charrondière, U Ruth; Lajolo, Franco Maria

    2016-02-15

    Dietary fiber (DF) contributes to the energy value of foods and including it in the calculation of total food energy has been recommended for food composition databases. The present study aimed to investigate the impact of including energy provided by the DF fermentation in the calculation of food energy. Total energy values of 1753 foods from the Brazilian Food Composition Database were calculated with or without the inclusion of DF energy. The energy values were compared, through the use of percentage difference (D%), in individual foods and in daily menus. Appreciable energy D% (⩾10) was observed in 321 foods, mainly in the group of vegetables, legumes and fruits. However, in the Brazilian typical menus containing foods from all groups, only D%foods, when individually considered. Copyright © 2015 Elsevier Ltd. All rights reserved.

  9. Methodology for Prioritization of Investments to Support the Army Energy Strategy for Installations

    Science.gov (United States)

    2012-07-01

    kind of energy source onto its own footprint. Whether this is a solar, wind, biomass, geothermal , or any other kind of renewable energy source, it...more common. Right now extortion and disgruntled employers are the attacked and not sophisticated enemies such as China . Our current nation power...users to: • Estimate the NPV cost of energy (COE) and levelized cost of energy (LCOE) from a range of solar, wind and geothermal electricity generation

  10. Boundedly rational consumers, energy and investment literacy, and the display of information on household appliances

    NARCIS (Netherlands)

    Blasch, J.E.; Filippini, Massimo; Kumar, Nilkanth

    2017-01-01

    It is an ongoing debate how to increase the adoption of energy-efficient light bulbs and household appliances in the presence of the so-called ‘energy efficiency gap’. One measure to support consumers’ decision-making towards the purchase of more efficient appliances is the display of energy-related

  11. The many factors that affect the success of regulatory mechanisms designed to foster investments in energy efficiency

    Energy Technology Data Exchange (ETDEWEB)

    Zarnikau [LBJ School of Public Affairs and Division of Statistics of the College of Natural Sciences, The University of Texas at Austin, Austin, TX 78713 (United States)

    2012-08-15

    A utility's profit-maximizing level of investment in energy efficiency or demand-side management (DSM) programs and mix of programs is affected by natural load growth, the frequency of rate cases, program costs, and the structure of any mechanism designed to either compensate the utility for foregone profits or sever the link between sales and profits. Under a range of reasonable assumptions, decoupling can incent a utility to invest in DSM. However, a utility experiencing high natural load growth and little inflation is likely to resist the imposition of a decoupling mechanism, as it would tend to lower profits. A utility with low growth in per-customer sales will tend to favor decoupling, as it will tend to lead to higher profits than under traditional regulation. The results presented here are quite sensitive to the assumptions made regarding natural load growth, regulatory lag, the frequency of price changes, price elasticity of demand, and other factors. This suggests that there is not a single approach to promoting energy efficiency without penalizing utility profits that will work in all situations for all utilities.

  12. Agricultural Business Strategy: Theory and Methods for Cost-Effectiveness Investment Analysis in Agro-Energy Production

    Directory of Open Access Journals (Sweden)

    Sonia Prestamburgo

    2016-04-01

    Full Text Available Environmental change is currently considered a high-priority matter, both in the scientific community at large and at the institutional level of national and international governing bodies. Actually, an all-out effort seeks to investigate and advance viable solutions to deal with the global emergencies regarding to anthropic climate change; increasing demands for renewable sources of energy, technological innovation and energy-saving systems, ecological and environmental sustainability of natural resources and land. At the core of this worldwide endeavour an increasingly significant role seems destined to the agricultural sector and to agro-energy production systems for the potential benefits in terms of production costs. In fact, the interest in unconventional and low-impact energy sources mandates thorough investigation not only into the advantages, in terms of availability and affordability, but also into the impact on the environment and the quality of the landscape, as well as the aspects regarding the overall measures that need be adopted so as to enable the supply on the market. Given this scenario, the wide-ranging agro-energy question would be incomplete without extensive economic sustainability analyses, serving as operational decision-support tools to measure cost-effectiveness regarding investments in agro-energy production and its use.

  13. Measurements of effective total macroscopic cross sections and effective energy of continuum beam

    Energy Technology Data Exchange (ETDEWEB)

    Kobayashi, Hisao [Rikkyo Univ., Yokosuka, Kanagawa (Japan). Inst. for Atomic Energy

    1998-03-01

    Two practically useful quantities are introduced in this study to characterize a continuum neutron beam and to describe transmission phenomena of the beam in field of quantitative neutron radiography: an effective energy instead of a peak energy or a mean energy of the spectrum and an effective total macroscopic (ETM) cross section instead of a total macroscopic (TM) cross section defined at the monochromatic energy. The effective energy was evaluated by means of energy dependence of ETM cross section. To realize the method a beam quality indicator (BQI) has been proposed recently. Several effective energies were measured for non-filtered, filtered neutron beams, and outputs of neutron guide tubes in world by the BQI. A thermal neutron beam and three beams modulated by Pb filters with different thicknesses are studied to measure ETM cross sections for various materials and summarized in a table. Validity of the effective energy determined by the BQI is discussed relating with ETM cross sections of materials. (author)

  14. Machine Learning methods in fitting first-principles total energies for substitutionally disordered solid

    Science.gov (United States)

    Gao, Qin; Yao, Sanxi; Widom, Michael

    2015-03-01

    Density functional theory (DFT) provides an accurate and first-principles description of solid structures and total energies. However, it is highly time-consuming to calculate structures with hundreds of atoms in the unit cell and almost not possible to calculate thousands of atoms. We apply and adapt machine learning algorithms, including compressive sensing, support vector regression and artificial neural networks to fit the DFT total energies of substitutionally disordered boron carbide. The nonparametric kernel method is also included in our models. Our fitted total energy model reproduces the DFT energies with prediction error of around 1 meV/atom. The assumptions of these machine learning models and applications of the fitted total energies will also be discussed. Financial support from McWilliams Fellowship and the ONR-MURI under the Grant No. N00014-11-1-0678 is gratefully acknowledged.

  15. Quick scan energy conservation investments in the social rental sector; Quick scan investeren in energiebesparing sociale huursector

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-07-15

    Through a brief examination it is inventoried to what extent Dutch government policy affects the number of projects and investment with regard to energy conservation in the social rental sector. June 2013, a brief questionnaire was sent by email to contacts of the Energy Team of the Dutch 'Woonbond' (association of (potential) tenants) to gain insight into the present situation. This report presents the results [Dutch] Via een kort onderzoek is geinventariseerd in hoeverre het kabinetsbeleid invloed heeft op het aantal projecten en investeringen in energiebesparing in de sociale huursector. In juni is via een korte vragenlijst per email onder contacten van het Energieteam van de Nederlandse Woonbond bij woningcorporaties gepeild wat de situatie is. In deze rapportage worden de resultaten weergegeven.

  16. Thermodynamics of the living organisms. Allometric relationship between the total metabolic energy, chemical energy and body temperature in mammals

    Science.gov (United States)

    Atanasov, Atanas Todorov

    2017-11-01

    The study present relationship between the total metabolic energy (ETME(c), J) derived as a function of body chemical energy (Gchem, J) and absolute temperature (Tb, K) in mammals: ETME(c) =Gchem (Tb/Tn). In formula the temperature Tn =2.73K appears normalization temperature. The calculated total metabolic energy ETME(c) differs negligible from the total metabolic energy ETME(J), received as a product between the basal metabolic rate (Pm, J/s) and the lifespan (Tls, s) of mammals: ETME = Pm×Tls. The physical nature and biological mean of the normalization temperature (Tn, K) is unclear. It is made the hypothesis that the kTn energy (where k= 1.3806×10-23 J/K -Boltzmann constant) presents energy of excitation states (modes) in biomolecules and body structures that could be in equilibrium with chemical energy accumulated in body. This means that the accumulated chemical energy allows trough all body molecules and structures to propagate excitations states with kTn energy with wavelength in the rage of width of biological membranes. The accumulated in biomolecules chemical energy maintains spread of the excited states through biomolecules without loss of energy.

  17. Uncovering the Driving Factors of Carbon Emissions in an Investment Allocation Model of China’s High-Carbon and Low-Carbon Energy

    Directory of Open Access Journals (Sweden)

    Shumin Jiang

    2017-06-01

    Full Text Available In the view of long-term comprehensive development, the concept of low-carbon economy has long been a concern. In this paper, we build a pure energy-economic system and explore the exact influencing factors in the investment allocation of high-carbon and low-carbon energy with the purpose of mitigating carbon dioxide in the atmosphere. The dynamic analysis shows that the model that we built is applicable for the current market situation and the way we adjust the investments of high-carbon and low-carbon energy are conductive to carbon abatement in the atmosphere. On the basis of the stability analysis and numerical simulation, some strategies are given to decrease the carbon dioxide in the atmosphere. The results show that the social consumption and public consumption behavior are the most important factors responsible for the variation in the atmospheric carbon dioxide. The cleanliness of high carbon presents an obvious mitigating effect on carbon in the atmosphere and the effect of marginal profit of high-carbon energy is the weakest. In addition, enhancing marginal profit, return on investment and investment share of low-carbon energy are beneficial to reduce carbon dioxide in the atmosphere, while a return on investment of high-carbon energy increasing is the detriment of the carbon dioxide in the atmosphere. Finally, we provide carbon mitigation effort by considering both economic development and carbon abatement for policymakers to achieve a desirable emission-reduction effect.

  18. Kepentingan Cina Menjalin Kerjasama Fdi (Foreign Direct Investment) dalam Bidang Energi (Minyak dan Gas) dengan Indonesia

    OpenAIRE

    ", Pazli; Srikandi, Naomi Citra

    2014-01-01

    Energy is one of the important main sources for the industrialization of country. However, some countries has limited natural resources. China that has energy security cooperates with Indonesia that has more energy and natural resources. Finally, The name of cooperation is Indonesia-China Energy Forum (ICEF). In 2002, there€™s 3 (tree) of China€™s company that operation in Indonesia, that€™s CNPC, CNOOC, and SINOPEC.This research describes about the interest of China in FDI coorporation about...

  19. 6,7Li + 28Si total reaction cross sections at near barrier energies

    International Nuclear Information System (INIS)

    Pakou, A.; Musumarra, A.; Pierroutsakou, D.; Alamanos, N.; Assimakopoulos, P.A.; Divis, N.; Doukelis, G.; Gillibert, A.; Harissopulos, S.; Kalyva, G.; Kokkoris, M.; Lagoyannis, A.; Mertzimekis, T.J.; Nicolis, N.G.; Papachristodoulou, C.; Perdikakis, G.; Roubos, D.; Rusek, K.; Spyrou, S.; Zarkadas, Ch.

    2007-01-01

    Total reaction cross section measurements for the 6,7 Li + 28 Si systems have been performed at near-barrier energies. The results indicate that, with respect to the potential anomaly at barrier, 6 Li and 7 Li on light targets exhibit similar energy dependence on the imaginary potential. Comparisons are made with 6,7 Li cross sections on light and heavy targets, extracted via previous elastic scattering measurements and also with CDCC calculations. Energy dependent parametrisations are also obtained for total reaction cross sections of 6,7 Li on Si, as well as on any target, at near barrier energies

  20. How fast is the growth of Total Cross Section at High Energies?

    CERN Document Server

    Fazal-e-Aleem, M; Sohail-Afzal, Tahir; Ayub-Faridi, M; Qadee-Afzal, M

    2003-01-01

    Relativistic Heavy Ion Collider and Large Hadron Colliders have special agenda for the measurements of the total cross sections at high energies giving us an opportunity to touch cosmic ray energies. Recent analyses of the cosmic ray data together with earlier experimental measurements at ISR and SPS gives us an insight about the behaviour of this important parameter at asymptotic energies. We will study the growth of total cross section at high energies in the light of various theoretical approaches with special reference to measurements at RHIC and LHC.

  1. Investment accounting in building industry

    Energy Technology Data Exchange (ETDEWEB)

    Kuesgen, H.

    1982-09-01

    The methods of investment accounting are always required if, as it is usual for buildings, payments are not due once but repeatedly within a period of several years. These payments are presented in a payment model from which an informative and reliable total value of all costs and yields can be derived. The report deals nearly exclusively with the so-called dynamic investment accounting method as it records the payment procedures as to time much more exactly than the static investment accounting method. The problem of continually rising amounts of regular payments as e.g. energy prices can be better represented by the dynamic method. Therefore, the static methods have been dealt with only globally.

  2. Industry-level total-factor energy efficiency in developed countries: A Japan-centered analysis

    International Nuclear Information System (INIS)

    Honma, Satoshi; Hu, Jin-Li

    2014-01-01

    Highlights: • This study compares Japan with other developed countries for energy efficiency at the industry level. • We compute the total-factor energy efficiency (TFEE) for industries in 14 developed countries in 1995–2005. • Energy conservation can be further optimized in Japan’s industry sector. • Japan experienced a slight decrease in the weighted TFEE from 0.986 in 1995 to 0.927 in 2005. • Japan should adapt energy conservation technologies from the primary benchmark countries: Germany, UK, and USA. - Abstract: Japan’s energy security is more vulnerable today than it was before the Fukushima Daiichi nuclear power plant accident in March 2011. To alleviate its energy vulnerability, Japan has no choice but to improve energy efficiency. To aid in this improvement, this study compares Japan’s energy efficiency at the industry level with that of other developed countries. We compute the total-factor energy efficiency (TFEE) of industries in 14 developed countries for 1995–2005 using data envelopment analysis. We use four inputs: labor, capital stock, energy, and non-energy intermediate inputs. Value added is the only relevant output. Results indicate that Japan can further optimize energy conservation because it experienced only a marginal decrease in the weighted TFEE, from 0.986 in 1995 to 0.927 in 2005. To improve inefficient industries, Japan should adapt energy conservation technologies from benchmark countries such as Germany, the United Kingdom, and the United States

  3. Total kinetic energy in four global eddying ocean circulation models and over 5000 current meter records

    KAUST Repository

    Scott, Robert B.; Arbic, Brian K.; Chassignet, Eric P.; Coward, Andrew C.; Maltrud, Mathew; Merryfield, William J.; Srinivasan, Ashwanth; Varghese, Anson

    2010-01-01

    We compare the total kinetic energy (TKE) in four global eddying ocean circulation simulations with a global dataset of over 5000, quality controlled, moored current meter records. At individual mooring sites, there was considerable scatter between

  4. The benefit of the Dutch Energy Investment Allowance (EIA) for high-efficiency installations in industrial buildings; EIA maakt hr-apparatuur voor bedrijfsgebouwen voordelig

    Energy Technology Data Exchange (ETDEWEB)

    De Boer, A. [ed.

    1998-02-01

    Gas-fired condensing appliances for space heating of industrial buildings are more expensive than appliances that do not show a high efficiency. In many cases, however, it is still cheaper to invest in condensing appliances. Not only because of lower exploitation costs, but also because of the ISO-high-efficiency subsidy regulation (`ISO-hr`), the energy investment allowance (EIA) and the energy conservation fund. The technologies that are eligible for the EIA are listed in the `Energielijst` (energy list) for 1998

  5. Relativistic total energy and chemical potential of heavy atoms and positive ions

    International Nuclear Information System (INIS)

    Hill, S.H.; Grout, P.J.; March, N.H.

    1984-01-01

    The relativistic Thomas-Fermi theory, with a finite nucleus, is used to study the variation of the chemical potential μ with atomic number Z and number of electrons N (N <= Z). The difference between the total energy of positive ions and that of the corresponding neutral atom has been obtained. The scaling predictions are confirmed by numerical calculations. The first principles calculation of the relativistic Thomas-Fermi total energy of neutral atoms is also studied. (author)

  6. Small Businesses Save Big: A Guide to Help SBA Lenders Understand and Communicate the Value of Energy Efficiency Investments (Fact Sheet)

    Energy Technology Data Exchange (ETDEWEB)

    2015-01-01

    Dollars saved through energy efficiency can directly impact your bottom line. Whether you are planning for a major renovation or upgrading individual pieces of building equipment, these improvements can help reduce operating costs, save on utility bills, and boost profits. This fact sheet provides guidelines for SBA lenders to understand the value of financing energy efficiency investments.

  7. Examining the impacts of Feed-in-Tariff and the Clean Development Mechanism on Korea's renewable energy projects through comparative investment analysis

    International Nuclear Information System (INIS)

    Koo, Bonsang

    2017-01-01

    Renewable energy projects in Korea have two avenues that provide subsidies to increase their financial viability. Feed-in-Tariffs (FITs) offer cost based prices for renewable electricity to compete with conventional energy producers. The Clean Development Mechanism (CDM) issues certified emission reduction (CER) credits that generate additional revenues, enhancing renewable projects’ return on investment. This study investigated how these subsidies impact the financial returns on Korea's CDM projects. An investment analysis was performed on four cases including solar, hydropower, wind and landfill gas projects. Revenues from electricity sales, FITs and CERs were compared using financial indicators to measure their relative contributions on profitability. Results indicate that CDM is partial towards large scale projects with high emission reductions. Moreover, conflicts with FIT schemes can deter small scale, capital intensive projects from pursuing registration. The analysis highlights CDM's bias for particular project types, which is in part due to its impartiality towards carbon credit prices. It also reveals that Korea, a key benefactor of CDM, is susceptible to such biases, as demonstrated by the disproportionate distribution of issued CERs. Improving incentives for bundled, small scale projects, CER price differentiation, and excluding domestic subsidies during additionality testing are proposed as possible reforms. - Highlights: • Korea constitute 8.2% of total CERs issued, third largest in the world after China and India. • CDM favors commercially competitive projects of large scale and high emissions. • 91% of issued CERs from GWP gas; of renewables, 88% from landfill gas and wind. • CER revenues marginal for small scale, commercially less attractive projects. • Conflicts with FIT potentially deters small scale projects from registration.

  8. Analysis of return on investment for Naval air station fallon energy project Alternatives

    Science.gov (United States)

    2017-06-01

    Manager (Justin Sielsch, personal communication ). Lack of in-house skill related to HVAC retrofits would require substantial effort by Public Works ...bill. An ESPC project is financed by the contractor performing the work . The contractor guarantees a certain annual energy savings because of their... work . The Navy installation uses the annual savings from its energy budget to pay back the contractor. ESPCs include contractor performance

  9. Priority listing of industrial processes by total energy consumption and potential for savings. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Streb, A.J.

    1977-01-01

    A survey of eight of the most energy-intensive segments of the U.S. industry is made to quantify the energy consumed in the principal process units, to identify areas in which significant improvement appear possible, and to rank the process units in terms of total energy consumption and the potential for improvement. Data on the steel, paper, aluminum, textile, cement, and glass industries, petroleum refineries, and olefins and derivative products industries were compiled to help plan the development of new energy sources and to provide targets for energy conservation activities. (MCW)

  10. Financing investments in renewable energy: The role of policy design and restructuring

    Energy Technology Data Exchange (ETDEWEB)

    Wiser, R.; Pickle, S. [Lawrence Berkeley National Lab., CA (United States). Environmental Energy Technologies Div.

    1997-03-01

    The costs of electric power projects utilizing renewable energy technologies are highly sensitive to financing terms. Consequently, as the electricity industry is restructured and new renewables policies are created, it is important for policymakers to consider the impacts of renewables policy design on project financing. This report describes the power plant financing process and provides insights to policymakers on the important nexus between renewables policy design and finance. A cash-flow model is used to estimate the impact of various financing variables on renewable energy costs. Past and current renewable energy policies are then evaluated to demonstrate the influence of policy design on the financing process and on financing costs. The possible impacts of electricity restructuring on power plant financing are discussed and key design issues are identified for three specific renewable energy programs being considered in the restructuring process: (1) surcharge-funded policies; (2) renewables portfolio standards; and (3) green marketing programs. Finally, several policies that are intended to directly reduce financing costs and barriers are analyzed. The authors find that one of the key reasons that renewables policies are not more effective is that project development and financing processes are frequently ignored or misunderstood when designing and implementing renewable energy incentives. A policy that is carefully designed can reduce renewable energy costs dramatically by providing revenue certainty that will, in turn, reduce financing risk premiums.

  11. Investment opportunities in the field of renewable energy sources in the Republic of Serbia

    Directory of Open Access Journals (Sweden)

    Sredojević Slađana

    2016-01-01

    Full Text Available Energy efficiency and renewable energy are areas that are very promising, with the growing importance on the global marketplace. These are based on large and complex sets of regulations and controls, at both domestic and international level. In order to successfully fulfill the targets set in these areas including the greater registered use of renewable energy sources, it is required to boost cooperation with the banking sector, which may, primarily owing to its financial support and know-how, be the key partner in the implementation of many public and commercial projects. The paper analyzes the opportunities that the regulatory framework in the Republic of Serbia introduced in the field of renewable energy, including the legal framework and mechanisms that regulate the nature of the relationship between various stakeholders. The basic premise of the research is that the good regulations aim to provide predictability of income in the project, which has a direct impact on the reduction of costs and risks related to financing. Also, the paper analyzes the challenges that should be overcome in the future and recommends the possible further activities towards the more comprehensive funding, improvement of the general level of awareness about the importance of renewable energy projects and the role of banks in financing their further development.

  12. Investments in the Dutch onshore wind energy industry: A review of investor profiles and the impact of renewable energy subsidies

    NARCIS (Netherlands)

    Niesten, Eva; Jolink, Albert; Chappin, Maryse

    The 2020 renewable energy targets have stimulated the debate on the efficacy of policy schemes. Discussion on the efficacy of these schemes has largely been on the growth in the share of renewable energy, and less on the alignment of policies to the needs of investors. However, research in this

  13. Engineering management technologies of increasing energy efficiency processes in the investment and construction projects

    Science.gov (United States)

    Borisovich Zelentsov, Leonid; Dmitrievna Mailyan, Liya; Sultanovich Shogenov, Murat

    2017-10-01

    The article deals with the problems of using the energy-efficient materials and engineering technologies during the construction of buildings and structures. As the analysis showed, one of the most important problems in this sphere is the infringement of production technologies working with energy-efficient materials. To improve the given situation, it is offered to set a technological normal at the design stage by means of working out the technological maps studying the set and the succession of operations in details, taking in mind the properties of energy-efficient materials. At Don State Technical University (DSTU) the intelligent systems of management are being developed providing organizational and technological and also informational integration of design and production stages by means of creating the single database of technological maps, volumes of work and resources.

  14. From green investments to ecotax

    International Nuclear Information System (INIS)

    Stam, B.

    1996-01-01

    Since 1991 several fiscal regulations are in effect for businesses, energy companies and civilians to invest in environmental and renewable projects. Although those so-called 'green investment' options are a great success, there is another, less positive, side to that success. Characteristics, advantages and disadvantages of several fiscal tools to invest in renewable energy are briefly discussed

  15. Energy Efficiency Investments in Public Facilities - Developing a Pilot Mechanism for Russia and Chelyabinsk Region

    Energy Technology Data Exchange (ETDEWEB)

    Evans, Meredydd; Roshchanka, Volha; Parker, Steven A.; Baranovskiy, Aleksandr

    2012-01-01

    Russian public sector buildings tend to be very inefficient, which creates vast opportunities for savings. This paper reviews opportunities to implement energy efficiency projects in Russian public buildings, created by new Russian legislation and regulations. Given Russia's limited experience with energy performance contracts (EPCs), a pilot project can help test an implementation mechanism. The authors use Chelyabinsk Region as an example to discuss opportunities, challenges and solutions to financing and implementing an EPC in Russia, navigating through federal requirements and specific local conditions.

  16. The potential of domestic production and imports of oil and gas in China: an energy return on investment perspective

    Directory of Open Access Journals (Sweden)

    Zhao-Yang Kong

    2016-10-01

    Full Text Available Abstract Concerns about China’s energy security have escalated because of the country’s high dependency on oil and gas imports, so it is necessary to calculate the availability of domestic oil and gas resources and China’s ability to obtain foreign energy through trade. In this work, the calculation was done by using the energy return on investment (EROI method. The results showed that the EROIstnd (i.e., standard EROI of China’s oil and gas extraction decreased from approximately 17.3:1 in 1986 to 8.4:1 in 2003, but it increased to 12.2:1 in 2013. From a company-level perspective, the EROIstnd differed for different companies and was in the range of (8–12:1. The EROI2,d (EROI considering energy outputs after processed and direct energy inputs for different companies was in the range of (3–7:1. The EROI of imported oil (EROIIO declined from 14.8:1 in 1998 to approximately 4.8:1