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Srl | Item |
1 |
ID:
150827
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Summary/Abstract |
Renewable energies are eco-friendly and sustainable. However, their development faces two critical issues: the uncontrollable generation variability, and the high levelized cost. These two issues impede the development of renewables substitution for a government from lacking of clearly argument of how to promote renewables substitution, and what is the role of traditional generation resources should play to back up the renewable energies in a target year. This study aims to depict the possibility of the concerned topic from the aspects of economy, security, and environment, taking a top–down viewpoint of policy-making to address an energy supply problem, and proposes an Energy Supply-Mix Model by considering the complimentary and substitution possibilities between renewable and non-renewable energies, and also among the renewable energies. The solution provides an overall assessment of three aspects under the conditions of supply and demand balance, desired generation percentage of renewable energies, and also ensure no shortage in peak-hour demand. Parametric analysis on the carbon tax is particularly conducted for policy making reference.
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2 |
ID:
127247
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Publication |
2014.
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Summary/Abstract |
The modified Renewable Fuel Standard (RFS2) prescribes a volume of biofuels to be used in the United States transportation sector each year through 2022. As the dominant component of the transportation sector, we consider the feasibility of the light-duty vehicle (LDV) parc to provide enough demand for biofuels to satisfy RFS2. Sensitivity studies show that the fuel price differential between gasoline and ethanol blendstocks, such as E85, is the principal factor in LDV biofuel consumption. The numbers of flex fuel vehicles and biofuel refueling stations will grow given a favorable price differential. However, unless the feedstock price differential becomes extreme (biomass prices below $100 per dry ton and oil prices above $215 per barrel), which deviates from historical price trends, LDV parc biofuel consumption will fall short of the RFS2 mandate without an enforcement mechanism. Additionally, such commodity prices might increase biofuel consumption in the short-term, but discourage use of biofuels in the long-term as other technologies that do not rely on any gasoline blendstock may be preferable. Finally, the RFS2 program goals of reducing fossil fuel consumption and transportation greenhouse gas emissions could be achieved through other pathways, such as notable improvements in conventional vehicle efficiency.
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