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| 1 |
ID:
132634
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| Publication |
2014.
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| Summary/Abstract |
To alleviate the problem of the insufficient reserves of natural gas in China, coal-based synthetic natural gas (SNG) is considered to be a promising option as a source of clean energy, especially for urban use. However, recent study showed that SNG will not accomplish the task of simultaneous energy conservation and CO2 reduction. In this paper, life cycle costing is made for SNG use in three main applications in residential sector: heating, household use, and public transport. Comparisons are conducted between SNG and coal, natural gas, liquefied petroleum gas (LPG), diesel, and methanol. The results show that SNG is a competitive option only for household use. The use of SNG for heating boilers or city buses is not as cost-effective as expected. The biggest shortcoming of SNG is the large amount of pollutants generated in the production stage. At the moment, the use of SNG is promoted by the government. However, as shown in this paper, one can expect a transfer of pollution from the urban areas to the regions where SNG is produced. Therefore, it is suggested that well-balanced set of environmental damage-compensating policies should be introduced to compensate the environmental losses in the SNG-producing regions.
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| 2 |
ID:
132602
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| Publication |
2014.
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| Summary/Abstract |
In order to find efficient trade measures to reduce China×s energy consumption and to provide theoretical support for the climate talks between China and America, we investigate the impact of Sino-USA trade on energy consumption from the perspective of embodied energy. An Environmental Input-Output Life Cycle Assessment (EIO-LCA) model was established to calculate the total energy consumption coefficient, the direct consumption coefficient and the complete consumption coefficient of the sectors of the national economies of China and America. After taking into consideration the data of every sector of the national economy in Sino-USA trade, energy embodied in the import and export trade between China and America was calculated to verify the real energy flows in Sino-USA trade. The research results suggest the following: China is the net exporter of embodied energy in Sino-USA trade, and coal, crude oil and natural gas are the major components. In 1997-2011, the net exports of China×s embodied energy totaled 1523,082,200 t of standard coal, the amount of China×s energy consumption increased by 895,527,900 t of standard coal, and America×s energy consumption decreased by 11,871,200 t of standard coal as a result of Sino-USA trade. On this basis, corresponding policies and recommendations are proposed.
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| 3 |
ID:
132627
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| Publication |
2014.
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| Summary/Abstract |
Within the last twenty years, China has become dependent on import of coal, oil and natural gas. Especially oil is now an economic and a security concern by the Chinese regime and key international stakeholders. Until 2035, China will account for one fourth of the global net growth in global gas consumption and more than half of the net growth in oil consumption. The future demand cannot be covered by China×s own conventional and unconventional sources. Pipelines from neighboring countries can cover more than half of the needed import of natural gas by 2030, but only 10 percent of the import demand of oil is secured so far. Even if China attempts to address its insufficient supply of oil by increased investments in overseas oil fields, there is still a large gap. Furthermore, the oil import will largely come from politically unstable countries and regions, and the bulk of the supplies must be shipped through the potentially insecure Hormuz and Malacca Straits. The ongoing territorial disputes with neighboring countries regarding areas with gas and oil reserves in contested waters bear evidence to regional conflict potentials, and China appears to engage more actively in energy diplomacy and regional cooperation.
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| 4 |
ID:
132630
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| Publication |
2014.
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| Summary/Abstract |
The recent low CO2 prices in the European Union Emission Trading Scheme (EU ETS) have triggered a discussion whether the EU ETS needs to be adjusted. We study the effects of CO2 price floors and a price ceiling on the dynamic investment pathway of two interlinked electricity markets (loosely based on Great Britain, which already has introduced a price floor, and on Central Western Europe). Using an agent-based electricity market simulation with endogenous investment and a CO2 market (including banking), we analyse the cross-border effects of national policies as well as system-wide policy options.
A common, moderate CO2 auction reserve price results in a more continuous decarbonisation pathway. This reduces CO2 price volatility and the occurrence of carbon shortage price periods, as well as the average cost to consumers. A price ceiling can shield consumers from extreme price shocks. These price restrictions do not cause a large risk of an overall emissions overshoot in the long run. A national price floor lowers the cost to consumers in the other zone; the larger the zone with the price floor, the stronger the effect. Price floors that are too high lead to inefficiencies in investment choices and to higher consumer costs.
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| 5 |
ID:
132621
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| Publication |
2014.
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| Summary/Abstract |
The Australian Renewable Energy Target (RET) has spurred significant investment in renewable electricity generation, notably wind power, over the past decade. This paper considers distributional implications of the RET for different energy users. Using time-series regression, we show that the increasing amount of wind energy has placed considerable downward pressure on wholesale electricity prices through the so-called merit order effect. On the other hand, RET costs are passed on to consumers in the form of retail electricity price premiums. Our findings highlight likely significant redistributive transfers between different energy user classes under current RET arrangements. In particular, some energy-intensive industries are benefiting from lower wholesale electricity prices whilst being largely exempted from contributing to the costs of the scheme. By contrast, many households are paying significant RET pass through costs whilst not necessarily benefiting from lower wholesale prices. A more equitable distribution of RET costs and benefits could be achieved by reviewing the scope and extent of industry exemptions and ensuring that methodologies to estimate wholesale price components in regulated electricity tariffs reflect more closely actual market conditions. More generally, these findings support the growing international appreciation that policy makers need to integrate distributional assessments into policy design and implementation.
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| 6 |
ID:
132618
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| Publication |
2014.
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| Summary/Abstract |
The reuse of Li-ion EV batteries for energy storage systems (ESS) in stationary settings is a promising technology to support improved management of demand and supply of electricity. In this paper, MatLAB simulation of a residential energy profile and regulated cost structure is used to analyze the feasibility of and cost savings from repurposing an EV battery unit for peak-shifting. in situ residential energy storage can contribute to the implementation of a smart grid by supporting the reduction of demand during typical peak use periods. Use of an ESS increases household energy use but potentially improves economic effectiveness and reduces greenhouse gas emissions. The research supports the use of financial incentives for Li-ion battery reuse in ESS, including lower energy rates and reduced auxiliary fees.
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| 7 |
ID:
132620
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| Publication |
2014.
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| Summary/Abstract |
Using the panel data of 27 provinces between 1978 and 2008, we employed a instrumental regression technique to examine the relationship between economic growth, energy demand/production and the related policies in China. The empirical results show that forming a cross-province integrated energy market will in general reduce the response of equilibrium user costs of energy products to their local demand and production, through cross-regional energy transfer (including both energy trade and cross-regional reallocation). In particular, reducing transportation costs and improving marketization level are identified as two important policy instruments to enhance the role of energy market integration. The findings support the argument for a more competitive cross-province energy transfer policies and calls for more developed energy connectivity and associate institutional arrangements within China. These policy implications may also be extended to the East Asia Summit region where energy market integration is being actively promoted.
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| 8 |
ID:
132628
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2014.
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| Summary/Abstract |
The aim of the paper is to assess linkages between energy consumption and economic growth in the light of compliance with the EU energy policy targets stated in the climate and energy package for 2020 in the European Union member states in the period 1993-2011. The study is divided into two main stages. During the first one, using cluster analysis methods, four groups of countries which met three energy policy targets stated in the package at similar levels were identified. During the second stage, the bootstrap Granger panel causality approach proposed by Kònya (2006) was used to verify the hypothesis of causality between energy consumption and economic growth in the countries from four groups created in the previous step. The global financial crisis was also taken into account. The results obtained reveal that the level of compliance with energy policy targets influences linkages between energy consumption and economic growth. The results indicate causal relations in the group of countries with the greatest reduction of greenhouse gas emissions, the highest reduction of energy intensity and the highest share of renewable energy consumption in total energy consumption. In the remaining groups the results mostly confirm the neutrality hypothesis.
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| 9 |
ID:
132617
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| Publication |
2014.
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| Summary/Abstract |
Ports are characterised by the geographical concentration of high-energy demand and supply activities, because of their proximity to power generation facilities and metropolitan regions, and their functions as central hubs in the transport of raw materials. In the last decades the need to better understand and monitor energy-related activities taking place near or within the port has become more apparent as a consequence of the growing relevance of energy trades, public environmental awareness and a bigger industry focus on energy efficiency. The uptake in the port sector of innovative technologies, such as onshore power supply, or alternative fuels, such as LNG, and the increasing development of renewable energy installations in port areas, also calls for more attention to energy matters within port management.
So far, however, few port authorities have actively pursued energy management strategies. The necessity for port authorities to actively manage their energy flows stems from their efforts to plan, coordinate and facilitate the development of economic activities within the port, and as a consequence of the heavier weight that sustainability is given within the port management strategies.
Through the analysis of the experiences of two European ports, Hamburg and Genoa, that have already attempted to coordinate and rationalise their energy needs, this paper will argue that for the ports of the future active energy management can offer substantial efficiency gains, can contribute to the development of new alternative revenue sources and in the end, improve the competitive position of the port.
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| 10 |
ID:
132636
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| Publication |
2014.
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| Summary/Abstract |
In recent years, sustainability has represented one of the most important policy goals explored in the environmental Kuznets curve (EKC) literature. But related hypotheses, performance measures and results continue to present a challenge. The present paper contributes to this ongoing literature by studying two different EKC specifications for 10 Middle East and North African (MENA) countries over the period 1990-2010 using panel data methods. For the first specification, namely EKC, we show that there is an inverted U-shape relationship between environmental degradation and income; while for the second specification, namely modified EKC (MEKC), we show that there is an inverted U-shape relationship between sustainability and human development (HD). The relationships are shaped by other factors such as energy, trade, manufacture added value and the role of law. More interestingly, findings from the estimation show that EKC hypothesis, HD and sustainability are crucial to build effective environmental policies.
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| 11 |
ID:
132622
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| Publication |
2014.
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| Summary/Abstract |
This study explores different practices for accelerating the integration of generating facilities to the electricity network using smart solutions. Case studies from Great Britain, Republic of Ireland and Northern Ireland, and the Unites States of America were selected. The paper assesses and compares the different Principles of Access that have been implemented in these countries, such as Last-in First-out (LIFO), Pro Rata and Market-Based. The social optimality of these approaches is also discussed. The paper also evaluates how the risk (regarding curtailment and investment) is allocated between parties (distribution network operators, generators and customers). Even though the cases are diverse, important findings and lessons have been identified which may assist distribution network operators to address the issue of increasing the connection of distributed generation while managing efficiently and economically energy exports from generators.
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| 12 |
ID:
132631
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| Publication |
2014.
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| Summary/Abstract |
Municipal solid waste (MSW) collection and disposal is a major urban environment issue in the world today. MSW management solutions have to be technologically feasible, legally and socially acceptable and environmentally and financially sustainable. European policy is pushing for a rational management of natural resources; a promising technological perspective today is waste valorisation, a process that involves sorting at the source, combined with material recycling and waste-to-energy conversion. In this paper, we analyze the evolution of the Portuguese MSW management system, criticize the environmental policy issues for MSW management in Portugal and identify weak points in the criteria used for the technologies selection. Portugal is facing multiple problems with MSW management and is attempting to tackle them by passing legislation in order to improve the performance of waste management systems. At the technological level, gasification increasingly presents as an efficient and viable alternative to incineration. Gasification is a waste-to-energy conversion scheme that offers an attractive solution to both waste disposal and energy problems. Waste gasification by plasma has been validated but the economic viability of this technology must be proven before to be accepted by the industry.
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| 13 |
ID:
132626
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| Publication |
2014.
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| Summary/Abstract |
The present decade is considered to be vitally important both as regards addressing energy requirements and for environmental protection purposes. The decisions taken, both on an individual and a collective level, will have a decisive impact on the environment, and primarily on climate change, due to the increased energy demands and the need to reduce carbon use in energy generation.
The present study was designed and carried out while an extensive debate was ongoing in Greece regarding changes to the legislative framework that would specifically disallow new applications for the installation of photovoltaic systems; its aim is to depict the attitude of Greek citizens, through the completion of 1068 questionnaires. The research results show that over half the respondents are informed about the use of photovoltaic systems for electricity generation. Furthermore, almost half are willing to invest in such systems, either at home or on a plot of land. The factors contributing to the installation of photovoltaic systems are mainly "environmental", "financial" and "social". Finally, the citizens who are most willing to invest in residential photovoltaic systems are mainly university or technical school graduates; they would rather take such a decision after being motivated by institutional bodies and would do so for reasons of recognition.
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| 14 |
ID:
132624
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| Publication |
2014.
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| Summary/Abstract |
A Quasi-Feed-In-Tariff (QFIT) policy formulation is presented for micro-grids that integrates renewable energy generation considering Policy Makers× and Generation Companies× (GENCOs) objectives assuming a bi-level multi-period formulation that integrates physical characteristics of the power-grid. The upper-level problem corresponds to the PM, whereas the lower-level decisions are made by GENCOs. We consider that some GENCOs are green energy producers, while others are black energy producers. Policy makers incentivize green energy producers to generate energy through the payment of optimal time-varying subsidy price. The policy maker×s main objective is to maximize an overall social welfare that includes factors such as demand surplus, energy cost, renewable energy subsidy price, and environmental standards. The lower-level problem corresponding to the GENCOs is based on maximizing the players× profits. The proposed QFIT policy differs from the FIT policy in the sense that the subsidy price-based contracts offered to green energy producers dynamically change over time, depending on the physical properties of the grid, demand, and energy price fluctuations. The integrated problem solves for time-varying subsidy price and equilibrium energy quantities that optimize the system welfare under different grid and system conditions.
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| 15 |
ID:
132633
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| Publication |
2014.
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| Summary/Abstract |
Economies rich in mineral resources, need to evaluate the merits of investing rents earned from resource extraction in other income generating activities to sustain the flow of income. It is hence important to estimate and assess the potential uses of the resource rent tax (RRT). This paper illustrates how the reinvestment of the RRT and other government revenue from mining can reduce the depreciation of the mine. This illustration is made with reference to a coal deposit in the Tavan-Tolgoi region of Mongolia. The paper also illustrates impact of mining on the macroeconomic performance of Mongolia. Standard macroeconomic frameworks that ignore the depreciation of mineral assets overstate economic performance. The paper also reviews the political issues and constraints that surround the implementation of the RRT. One option canvassed here is the granting of qualified custodial rights of the RRT to the mining firm. Such qualified rights are pertinent given that the RRT is legally the income owed to the State and investments in ventures such as human capital development can yield returns as high as 10% per annum. This study illustrates that even an investment option yielding an annual 3% return can make a significant difference.
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| 16 |
ID:
132625
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| Publication |
2014.
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| Summary/Abstract |
The main goal of this paper is to investigate whether the long memory behavior observed in many volatility energy futures markets series is a spurious behavior or not. For this purpose, we employ a wide variety of advanced volatility models that allow for long memory and/or structural changes: the GARCH(1,1), the FIGARCH(1,d,1), the Adaptative-GARCH(1,1,k), and the Adaptative-FIGARCH(1,d,1,k) models. To compare forecasting ability of these models, we use out-of-sample forecasting performance. Using the crude oil, heating oil, gasoline and propane volatility futures energy time series with 1-month and 3-month maturities, we found that five out of the eight time series are characterized by both long memory and structural breaks. For these series, dates of breaks coincide with some major economics and financial events. For the three other time series, we found strong evidence of long memory in volatility.
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| 17 |
ID:
132629
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| Publication |
2014.
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| Summary/Abstract |
Specific strategies for the energy sector should be a central part of a sustainable mountain policy. However, there is a lack of research on the energy issues of mountainous areas and specialized energy policy measures cannot be effectively supported. The determination of the energy demand in mountainous areas, which is an essential step in the direction of developing mountain energy policy, is analyzed in this paper. Greece has been selected as a case study. The results show that altitude is the decisive factor affecting degree-days and energy needs, within the geographical range of Greece. It is proved that the thermal, as well as the total energy demand are significantly increased in mountain settlements. The annual energy expenditure of a typical residence lying at an altitude of 1000 m proved to be 85% higher than the corresponding cost at sea level. This makes mountainous populations vulnerable to energy poverty. It is also proved that the subsidy policy for heating oil, in Greece, cannot alleviate energy poverty. The results of the present study can be utilized in the direction of re-designing the present policy and this is a completely necessary step for creating a sustainable policy for mountainous areas, in general.
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