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| 1 |
ID:
175005
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| Summary/Abstract |
Natural gas, as the cleanest burning of the fossil fuels is expected to play a significant role in India's future energy mix. This paper presents a modelling approach to quantify the economic and environmental impacts of natural gas utilisation by various sectors in India while the production of domestically sourced natural gas is in decline. One of the most important sectors is the use of natural gas for cooking where the benefits are also evaluated. The long-term impacts of a reducing domestic gas supply is assessed by using the resource-substitution methodology along with a dynamic resource-depletion indicator that is based on decision-making viewpoints. The results show that the replacement of domestic gas with black coal resulted in an increase under the climate change category by 162%, 202% and 234% for the individualist, hierarchist and egalitarian viewpoints, respectively. The paper highlights the prospects for natural gas in India and shows that the growing demand for gas can be met through imports, but it has associated economic and environmental impacts. Further, the paper presents suitable recommendations including policy-related changes such as carbon pricing and subsidy provision schemes to ensure that the growth of the Indian gas market is sustainable.
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| 2 |
ID:
088210
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| Publication |
2009.
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| Summary/Abstract |
Peak oil research and the Association for the Study of Peak Oil and Gas (ASPO) have contributed a great deal to improve people's recognition of peak oil. Although peak oil is becoming a part of public recognition, it is still hard to say whether peak oil discussion will develop into a theory such as "peakoilism". On one hand, there are still some difficult problems in peak oil research. On the other hand, the peakoilers have the potential for scientific research and have their allies: the climate change researchers and the new energy advocates. Oil is a limited, non-renewable resource, and an oil peak is inevitable. Peak oil theory is a kind of development theory rather than a crisis theory, which promotes reasonable utilization of the limited oil resources, promotes conservation, and encourages the development of renewable energy.
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| 3 |
ID:
182751
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| Summary/Abstract |
Resource-rich locations often rely on exporting the resources to prosper, but resource depletion is a matter of time. An industrial transformation is necessary to sustain economic growth when the comparative advantage fades away. This paper concerns the Resource-Exhausted City Transition program, a large-scale place-based policy of the Chinese state government. It applies firm data and examines impacts on industrial development in places suffering from resource-exhaustion. Estimation shows that the program has stimulated capital investment largely and fostered employment and efficiency as well, leading to a boost in output. The program does not favor the resource sector with little comparative advantage. It facilitates an industrial upgrade by extending the value chain towards the downstream and stimulating higher value-add activities. Effects are heterogeneous among firms with different capital intensity, age, size, ownership type, or regions.
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| 4 |
ID:
176700
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| Summary/Abstract |
Exhaustible resources and the revenues they generate present a number of broad problems for macroeconomic management. For example, tax revenues can be large and highly volatile, and the stream of revenues is finite. An increasing number of countries now view resource funds and/or fiscal rules for resource revenues as the answer to these challenges. In this paper, we explore the consequences for the UK if past revenues arising from the depletion of subsoil assets had been channelled into a sovereign wealth fund. We show that had a decision been made to establish such a fund in 1975, this could have been substantial in size by 2018 (about GBP 354 billion) and, moreover, would have had a number of benefits such as a reduction in volatility of resource revenues flowing to the Treasury. Crucially, the fund's value would have substantially boosted the size of the government balance sheet, yielding corresponding fiscal benefits. We argue this missed opportunity is underlined further by considering the current debate about shale gas development in the UK. Notwithstanding considerable uncertainties, favourable and optimistic projections for key parameters are required for any shale-based fund to match what we simulate based on past experience for conventional subsoil assets.
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