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Registros recuperados: 38
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A Robust Multivariate Long Run Analysis of European Electricity Prices AgEcon
Bosco, Bruno; Parisio, Lucia; Pelagatti, Matteo; Baldi, Fabio.
This paper analyses the interdependencies existing in wholesale European electricity prices. The results of a multivariate long run dynamic analysis of weekly median prices reveal the presence of a strong although not perfect integration among some neighboring markets considered in the sample and the existence of common long-term dynamics of electricity prices and gas prices but not oil prices. The existence of long-term dynamics among gas prices and electricity prices may prove to be important for long-term hedging operations to be conducted even in markets where there are no electricity derivatives.
Tipo: Working or Discussion Paper Palavras-chave: European Electricity Prices; Cointegration; Interdependencies; Equilibrium Correction Model; Oil Prices; Resource /Energy Economics and Policy; C15; C32; D44; L94; Q40.
Ano: 2007 URL: http://purl.umn.edu/7438
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An Integrated Assessment of Climate Change, Air Pollution, and Energy Security Policy AgEcon
Bollen, Johannes; Hers, Sebastiaan; van der Zwaan, Bob.
This article presents an integrated assessment of climate change, air pollution, and energy security policy. Basis of our analysis is the MERGE model, designed to study the interaction between the global economy, energy use, and the impacts of climate change. For our purposes we expanded MERGE with expressions that quantify damages incurred to regional economies as a result of air pollution and lack of energy security. One of the main findings of our cost-benefit analysis is that energy security policy alone does not decrease the use of oil: global oil consumption is only delayed by several decades and oil reserves are still practically depleted before the end of the 21st century. If, on the other hand, energy security policy is integrated with optimal...
Tipo: Working or Discussion Paper Palavras-chave: Climate Change; Air Pollution; Energy Security; Cost-Benefit Analysis; Environmental Economics and Policy; H21; D58; C61; O33; Q40.
Ano: 2009 URL: http://purl.umn.edu/55332
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Carbon Dioxide Capture and Storage (CCS) - Liability for Non-Permanence under the UNFCCC AgEcon
Bode, Sven; Jung, Martina.
Prior to CoP 10, our discussion paper "On the Integration of Carbon Capture and Storage into the International Climate Regime" argued that carbon capture and storage (CCS) was similar to carbon sequestration in the area of Land Use, Land-Use Change and Forestry (LULUCF). This was criticized by several readers who observed that treating CCS as a removal activity (sink) would not be compatible with the UNFCCC sink definition, what we already had mentioned in the paper. The present paper is based on the UNFCCC definition and analyses how CCS could be integrated into the climate regime. As CO2 may re-enter the atmosphere after injection into geological reservoirs, the question of long-term liability has to be considered. Apart from this aspect, additional...
Tipo: Working or Discussion Paper Palavras-chave: Carbon Dioxide Capture and Storage; CDM; Climate Change; UNFCCC; Environmental Economics and Policy; Q25; Q28; Q40.
Ano: 2005 URL: http://purl.umn.edu/26131
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CO2-Abscheidung und Ablagerung (CAA): Ordnungsrechtliche Aspekte und okonomische Implikationen im Rahmen des EU - Emissionshandels AgEcon
Dietrich, Lars; Bode, Sven.
Die Abscheidung von Kohlendioxid in großen, immobilen Industrieanlagen mit anschließender Ablagerung in geologischen Formationen gewinnt in jüngster Zeit in der Diskussion um Maßnahmen zur Reduktion von Treibhausgasen zunehmend an Bedeutung. Der Bau von Pilotanlagen ist inzwischen auch für Deutschland angekündigt worden. Diese neue Technik birgt dabei grundsätzlich die Gefahr von Wiederaustritten des abgeschiedenen und verpressten CO2 in die Atmosphäre. Vor diesem Hintergrund untersucht das vorliegende Papier ausgewählte ordnungsrechtliche Aspekte sowie ökonomische Implikationen im Rahmen des EU-Emissionshandels. Die Analyse zeigt, dass derartige Anlagen mit einer Ausnahme zur Zeit keinem dem Gefahrenpotential entsprechenden Genehmigungsverfahren...
Tipo: Working or Discussion Paper Palavras-chave: CO2-Abscheidung; CO2-Ablagerung; Emissionshandel; CCS; CAA; Environmental Economics and Policy; Q25; Q28; Q40.
Ano: 2005 URL: http://purl.umn.edu/26203
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Demand and price volatility: rational habits in international gasoline demand AgEcon
Scott, K. Rebecca.
The combination of habits and a forward outlook suggests that consumers will be sensitive not just to prices but to price dynamics. In particular, rational habits models suggest 1. that price volatility and uncertainty will reduce demand for a habit-forming good and 2. that such volatility will dampen demand’s responsiveness to price. These two implications can be tested by augmenting a traditional partial-adjustment or error-correction model of demand. I apply this augmented model to data on gasoline consumption, as rational habits provide a succinct representation for the investment and behavioral decisions that determine gasoline usage. The trade-o¤s among 2SLS, system GMM, and pooled mean group (PMG) estimators are considered, and my preferred PMG...
Tipo: Working Paper Palavras-chave: Gasoline demand; Rational habits; Price elasticity; Research Methods/ Statistical Methods; H30; Q40; Q41; Q50; R40.
Ano: 2012 URL: http://purl.umn.edu/122891
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Demand and price volatility: rational habits in international gasoline demand AgEcon
Scott, K. Rebecca.
Tipo: Working Paper Palavras-chave: Gasoline demand; Rational habits; Price elasticity; Environmental Economics and Policy; Public Economics; H30; Q40; Q41; Q50; R40.
Ano: 2011 URL: http://purl.umn.edu/121931
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Development Finance for Universal Energy Access AgEcon
Gualberti, Giorgio; Bazilian, Morgan; Haites, Erik; Carvalho, Maria da Graça.
The United Nations General Assembly declared 2012 the “International Year of Sustainable Energy for All”, officially recognising the urgent need to put energy at the centre of the global development agenda. In parallel, a strong international policy effort is being made to achieve the goal of universal energy access to modern energy services by 2030. To support these efforts, a dramatic scaling-up of financing to the energy sector will be required through official development aid, other official flows, climate financing and various private flows. In this paper we analyse the recent evolution of development policies and finance for the energy sector using both descriptive and analytical tools. We find that, although development finance for the energy sector...
Tipo: Working Paper Palavras-chave: Development Finance; Energy Policy; Energy Access; Resource /Energy Economics and Policy; F35; Q40; O20.
Ano: 2012 URL: http://purl.umn.edu/122009
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Economic Effects of Biofuel Production on States and Rural Communities AgEcon
Parcell, Joseph L.; Westhoff, Patrick C..
This study summarizes research on farm-, local-, regional-, and macro-level economic effects of ethanol production. Given current production levels, the ethanol production industry annually employees approximately 3,500 workers, pays out nearly $132 million in worker salaries, generates over $110 million in local taxes, and takes in some $2 billion in government incentive payments. Projections for a 60 million gallon per year ethanol plant indicate an annual increase in corn usage of 21 million bushels, a one-time capitalization of $75 million, an increase in local corn prices between $0.06/bushel and $0.12/bushel, a 54 direct and 210 indirect jobs created, and increase in local tax revenues of $1.2 million, a decrease in federal commodity program...
Tipo: Journal Article Palavras-chave: Biofuel; Ethanol; Local economy; Government subsidies; Community/Rural/Urban Development; Resource /Energy Economics and Policy; O13; Q40; Q42; R10.
Ano: 2006 URL: http://purl.umn.edu/43774
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Economics of Natural Resource Scarcity: The State of the Debate AgEcon
Krautkraemer, Jeffrey A..
Whether economic growth can be sustained in a finite natural world is one of the earliest and most enduring questions in economic literature. Even with unprecedented growth in human population and resource consumption, humans have been quite adept at finding solutions to the problem of scarce natural resources, particularly in response to signals of increased scarcity. Because environmental resources generally are not generally traded on markets, however, scarcity signals for these resources may be inadequate, and appropriate policy responses are difficult to implement and manage. In the debate over the economic scarcity of natural resources, one significant change in recent years has been a greater focus on the ecosystem services and the resource...
Tipo: Working or Discussion Paper Palavras-chave: Natural resource scarcity; Environmental amenities; Resource substitution; Resource /Energy Economics and Policy; Q01; Q10; Q20; Q30; Q40; Q50.
Ano: 2005 URL: http://purl.umn.edu/10562
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Effects of Carbon Policies and Technology Change AgEcon
MacAuley, Molly K.; Shih, Jhih-Shyang.
We develop and estimate an index-based measure of expected consumer welfare under various carbon emissions control policies in the electricity generation sector. This approach estimates welfare effects by a somewhat less data intensive methodology than econometric approaches or more complex modeling. We include anticipated technological change in the production of renewable and nonrenewable power generation during the next two decades. We estimate welfare improvements from 2000 to 2020 as renewable energy technologies continue to be improved and gradually adopted, compared with a counterfactual scenario allowing for continual improvement of nonrenewable generation technology. We formally incorporate uncertainty. We evaluate the model under alternative...
Tipo: Working or Discussion Paper Palavras-chave: Carbon emissions control; Electricity generation; Technological change; Consumer welfare; Environmental Economics and Policy; Q40; Q42; O33.
Ano: 2003 URL: http://purl.umn.edu/10620
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Essays on the Economics of Environmental Management and Green Reputation AgEcon
Komarek, Timothy M..
Many governments, firms, institutions and individuals have become increasingly cognizant of their impact on the environment, most notably with respect to global climate change. This coupled with a threat of future regulation and a desire for a ‘green’ image, among other reasons, has led firms and institutions to begin critically evaluating and managing their own “carbon footprint”. Effective programs to manage greenhouse gas emissions (GHG) benefit from understanding the preferences of the constituents the program intends to serve. This study uses a survey at Michigan State University to examine the preferences of constituents (students, faculty and staff) for attributes of alternative greenhouse gas (GHG) reduction strategies. The first essay examines...
Tipo: Thesis or Dissertation Palavras-chave: 'Green' reputation; Pro-environmental behavior; Conjoint analysis; Climate change policy; Choice experiment; Institution; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q40; Q42; Q51.
Ano: 2010 URL: http://purl.umn.edu/98248
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Factors Affecting Direct and Indirect Energy Use in U.S. Corn Production AgEcon
Musser, Wesley N.; Lambert, Dayton M.; Daberkow, Stan G..
The recent volatility of energy prices has numerous policy implications for agriculture. A better understanding of the factors associated with energy consumption as related to crop production management decisions and technology use may provide insight about how producers might respond to program or market incentives targeting energy use in particular, and soil and water conservation in general. Adoption of minimum tillage could reduce erosion and improved fertilizer management practices could reduce nitrogen runoff. Energy costs may be reduced with adoption of reduced tillage technology, improved drying and irrigation systems, or more careful attention to the application and timing of fertilizers.
Tipo: Conference Paper or Presentation Palavras-chave: Energy; Fuel; Nitrogen; Farm management; Technology; Crop Production/Industries; Q12; Q40.
Ano: 2006 URL: http://purl.umn.edu/21063
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Global Climate Policy Architecture and Political Feasibility: Specific Formulas and Emission Targets to Attain 460 ppm CO2 Concentrations AgEcon
Bosetti, Valentina; Frankel, Jeffrey.
Three gaps in the Kyoto Protocol most badly need to be filled: the absence of emission targets extending far into the future, the absence of participation by the United States, China, and other developing countries, and the absence of reason to think that members will abide by commitments. To be politically acceptable, any new treaty that fills these gaps must, we believe, obey certain constraints regarding country-by-country economic costs. We offer a framework of formulas that assign quantitative allocations of emissions, across countries, one budget period at a time. The two-part plan: (i) China and other developing countries accept targets at BAU in the coming budget period, the same period in which the US first agrees to cuts below BAU; and (ii)...
Tipo: Working or Discussion Paper Palavras-chave: International Climate Agreements; Environmental Economics and Policy; Q; Q40; Q54.
Ano: 2009 URL: http://purl.umn.edu/55291
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Innovative development as the anti-crisis factor in economy of Uzbekistan AgEcon
Zufarova, Nargiza.
The article observes policies outlined in government anti-crisis program in Uzbekistan and directed on innovative development of some sectors, including oil and gas sector. The author believes that national economic model demonstrates firm capacity to resist and overcome negative effects of the global financial crisis.
Tipo: Journal Article Palavras-chave: World financial crisis; Economic development; Innovative development; Education; International Development; Research and Development/Tech Change/Emerging Technologies; O38; Q40.
Ano: 2009 URL: http://purl.umn.edu/94532
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Institutional management of greenhouse gas emissions: How much does 'green' reputation matter? AgEcon
Komarek, Timothy M.; Lupi, Frank; Kaplowitz, Michael D.; Thorp, Laurie.
Tipo: Conference Paper or Presentation Palavras-chave: Climate Change; Green reputation; Conjoint analysis; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q29; Q40; Q51.
Ano: 2010 URL: http://purl.umn.edu/61408
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Integrating Wind Power in Electricity Grids: An Economic Analysis AgEcon
Liu, Jia; van Kooten, G. Cornelis; Pitt, Lawrence.
As a renewable energy source, wind power is gaining popularity as a favoured alternative to fossil fuel, nuclear and hydro power generation. In Europe, countries are required to achieve 15% of their energy consumption from wind by 2010 as the EU strives to meet its Kyoto obligations. Wind power is considered to be environmentally friendly and low cost. While environmental friendliness has come under scrutiny because wind turbines continue to pose a hazard to birds, are visually unappealing, affect the uses of land and change air flows, the purpose of this paper is to examine the question of its presumed low cost and effectiveness at reducing CO2 emissions by replacing power generated from fossil fuels. To do so, we develop a mathematical programming model...
Tipo: Working or Discussion Paper Palavras-chave: Renewable energy; Wind and nuclear power; Economics of power generation; Environmental Economics and Policy; Resource /Energy Economics and Policy; C61; Q40; Q54; Q55.
Ano: 2005 URL: http://purl.umn.edu/37010
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Interfuel Substitution: A Meta-Analysis AgEcon
Stern, David I..
Interfuel substitutability has been of longstanding interest to energy economists and policy makers. However, there has been no quantitative meta-analysis of this literature. This research report fills this gap by analysing a broad sample of studies of interfuel substitution in the industrial sector, manufacturing industry or sub-industries, and macro-economy of a variety of developed and developing economies. The primary study sample size has been included in the meta-regression to control for publication bias. At the industrial level, results for the shadow elasticities of substitution between coal, oil, gas, and electricity for forty-six primary studies show that, except for gas-electricity and coal-electricity, there are easy substitution...
Tipo: Report Palavras-chave: Meta-analysis; Energy; Substitution; Elasticity; Interfuel; Environmental Economics and Policy; Resource /Energy Economics and Policy; D24; Q40.
Ano: 2009 URL: http://purl.umn.edu/94882
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La evolucion de la intensidad energetica de la industria vasca entre 1982 y 2001: un analisis de descomposicion AgEcon
Ansuategi, Alberto; Arto, Inaki.
En este artículo se utiliza una metodología de descomposición basada en índices para obtener estimaciones cuantificadas de los efectos intersectoriales e intrasectoriales que explican la reducción en un 38% de la intensidad energética de la industria vasca entre 1982 y 2001. Los resultados de la descomposición aditiva de los cambios de la intensidad energética de la industria vasca a nivel de período muestran (1) que dicha reducción se debió principalmente a cambios intrasectoriales y (2) que los cambios intersectoriales apenas contribuyeron a reducir la intensidad energética de la industria vasca. No obstante, los resultados de descomposición de serie temporal revelan (1) que la evolución de la intensidad energética de la industria vasca no fue lineal,...
Tipo: Journal Article Palavras-chave: Energy intensity; Decomposition analysis; Resource /Energy Economics and Policy; Q40.
Ano: 2004 URL: http://purl.umn.edu/28729
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Network Constrained Wind Integration: An Optimal Cost Approach AgEcon
Maddaloni, Jesse D.; Rowe, Andrew M.; van Kooten, G. Cornelis.
Planning electricity supply is important because power demand continues to increase while there is a concomitant desire to increase reliance on renewable sources. Extant research pays particular attention to highly variable, low-carbon energy sources such as wind and small-scale hydroelectric power. Models generally employ only a simple load levelling technique, ensuring that generation meets demand in every period. The current research considers the power transmission system as well as load levelling. A network model is developed to simulate the integration of highly variable non-dispatchable power into an electrical grid that relies on traditional generation sources, while remaining within the network’s operating constraints. The model minimizes a...
Tipo: Working or Discussion Paper Palavras-chave: Electric networks; Optimal power flow; Wind power; Intermittent sources; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q40; Q42.
Ano: 2006 URL: http://purl.umn.edu/37034
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On the Evolving Relationship between Corn and Oil Prices AgEcon
Elmarzougui, Eskandar; Larue, Bruno.
The relationship between corn and oil prices is not a stable one. We identified three breaks in the relationship between corn and oil prices. The first break coincides with the second oil crisis. The second break marks the end of the agricultural export subsidy war between the EU and the US in the mid 1980s while the third one occurred at the beginning of the ethanol boom at the very end of the 1990s. The relationship between corn and oil prices tends to be stronger when oil prices are highly volatile and when agricultural policies create less distortion. The ethanol boom strengthened the relation between corn and oil prices which are (were not) cointegrated in the fourth regime (first three) regime(s). Impulse response functions confirm that corn prices...
Tipo: Working Paper Palavras-chave: Oil; Corn; Structural changes; Cointegration; Ethanol; Protectionism; Agricultural and Food Policy; C32; Q11; Q17; Q40.
Ano: 2011 URL: http://purl.umn.edu/118580
Registros recuperados: 38
Primeira ... 12 ... Última
 

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