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Registros recuperados: 122
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The Impact of the Oil Sector on Commodity Prices: Correlation or Causation? AgEcon
Saghaian, Sayed H..
The interconnections of agriculture and energy markets have increased through the rise in the new biofuel agribusinesses and the oil–ethanol–corn linkages. The question is whether these linkages have a causal structure by which oil prices affect commodity prices and through these links, instability is transferred from energy markets to already volatile agricultural markets. In this article, we present empirical results using contemporary time-series analysis and Granger causality supplemented by a directed graph theory modeling approach to identify the links and plausible contemporaneous causal structures among energy and commodity variables. The results show that although there is a strong correlation among oil and commodity prices, the evidence for a...
Tipo: Journal Article Palavras-chave: Ethanol prices; Crude oil prices; Corn prices; Soybean prices; Wheat prices; Causal structure; Agribusiness; Crop Production/Industries; Environmental Economics and Policy; Production Economics; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy; Q11; Q13; Q42; Q48.
Ano: 2010 URL: http://purl.umn.edu/92582
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The Market Value of Variable Renewables AgEcon
Hirth, Lion.
The income that wind and solar power receive on the market is affected by the variability of their output. At times of high availability of the primary energy source, they supply electricity at zero marginal costs, shift the supply curve (merit-order curve) to the right and thereby reduce the equilibrium price of electricity during that hour. The size of this merit-order effect depends on the amount of installed renewable capacity, the slope of the merit-order curve, and the intertemporal flexibility of the electricity system. Thus the price of wind power falls with higher penetration rates, even if the average electricity price remains constant. This work quantifies the effect of variability on the market value of renewables using a calibrated model of...
Tipo: Working Paper Palavras-chave: Wind Power; Solar Power; Electricity Market; Power Generation Economics; Renewables; Value Factor; Numerical Modelling; Resource /Energy Economics and Policy; Q42; O13; D24; D61.
Ano: 2012 URL: http://purl.umn.edu/122021
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Implications of Expanding Bioenergy Production from Wood in British Columbia: An Application of a Regional Wood Fibre Allocation Model AgEcon
Stennes, Brad; Niquidet, Kurt; van Kooten, G. Cornelis.
Energy has been produced from woody biomass in British Columbia for many decades, but it was used primarily within the pulp and paper sector, using residual streams from timber processing, to create heat and electricity for on-site use. More recently, there has been limited stand-alone electricity production and increasing capacity to produce wood pellets, with both using ‘waste’ from the sawmill sector. Hence, most of the low-cost feedstock sources associated with traditional timber processing is now fully employed. While previous studies model bioenergy production in isolation, we employ a transportation model of the BC forest sector with 24 regions to demonstrate that it is necessary to consider the interaction between utilization of woody feedstock for...
Tipo: Working or Discussion Paper Palavras-chave: Bioenergy production from wood fibre; Mountain pine beetle; Competition for fibre; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q23; Q42; C61; Q54.
Ano: 2009 URL: http://purl.umn.edu/50782
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Willingness to Pay for Biodiesel in Diesel Engines: A Stochastic Double Bounded Contingent Valuation Survey AgEcon
Jeanty, Pierre Wilner; Haab, Timothy C.; Hitzhusen, Frederick J..
The double bounded dichotomous choice format has been proven to improve efficiency in contingent valuation models. However, this format has been criticized due to lack of behavioral and statistical consistencies between the first and the second responses. In this study a split sampling methodology was used to determine whether allowing respondents to express uncertainty in the follow-up question would alleviate such inconsistencies. Results indicate that allowing respondents to express uncertainty in the follow-up question was effective at reducing both types of inconsistencies while efficiency gain is maintained.
Tipo: Conference Paper or Presentation Palavras-chave: Biodiesel; Diesel; Environmental benefits; Contingent valuation; Willingness to pay; Double bounded model; And statistical and behavioral inconsistencies; Demand and Price Analysis; Resource /Energy Economics and Policy; I18; L91; Q42; Q51; Q53.
Ano: 2007 URL: http://purl.umn.edu/9868
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Promotion of renewable sources of energy from rural areas AgEcon
Bojnec, Stefan; Papler, Drago.
This paper investigates the question of promotion of more efficient use of energy and for an increase in supply and use of energy from the renewable sources of energy in rural areas. The empirical research is based on the analysis of the survey evidence that is obtained by the written questionnaire. The 516 in-depth surveys were conducted among the scholars, students, and employees from social sciences, natural sciences, electrical energy supply, and energy management in the six different towns in Slovenia. The surveys data are analysed by using descriptive statistics, comparisons of average values, correlation, and multivariate factor analysis. The needs for more efficient energy use between different users and the significance of production of renewable...
Tipo: Conference Paper or Presentation Palavras-chave: Renewable sources of energy; Rural development; Promotion; Slovenia; Community/Rural/Urban Development; L94; O13; Q42; M39.
Ano: 2010 URL: http://purl.umn.edu/95307
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Economic Benefits and Costs of Jatropha Plantation in North-East India AgEcon
Goswami, Kishor; Saikia, Jitu; Choudhury, Hari Kanta.
Energy security, emissions control and environmental concerns are some of the issues that drive India to search for bio-fuels in general and bio-diesel in particular as an alternative source of energy. The inception of National Biofuel Mission in 2003 has resulted in expansion of jatropha plantations in different states of the country. In North-East India, jatropha plantation was started in 2007, mostly at small farmers’ level with direct and indirect initiatives of the government and the private sector. However, adoption and expansion of jatropha plantation in the rural areas largely depend on profitability from such plantations at farmers’ level. The present study has assessed the profitability of jatropha plantation in four states of North-East India,...
Tipo: Journal Article Palavras-chave: Jatropha; Bio-fuels; Bio-diesel; North-East India; Cost-benefit analysis; Agricultural and Food Policy; Q16; Q49; Q42.
Ano: 2011 URL: http://purl.umn.edu/109423
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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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Innovativeness and Innovation: Implications for the Renewable Materials Supply Chain AgEcon
Detre, Joshua D.; Johnson, Aaron J.; Gray, Allan W..
www.ifama.org
Tipo: Journal Article Palavras-chave: Innovativeness; Innovation; Supply chain management; Triple bottom line; Corporate social responsibility; Agribusiness; Agricultural Finance; Demand and Price Analysis; Financial Economics; Q10; Q27; Q42; Q47.
Ano: 2011 URL: http://purl.umn.edu/103983
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The Relative Impacts of U.S. Bio-Fuel Policies on Fuel-Energy Markets: A Comparative Static Analysis AgEcon
Kim, C.S.; Schaible, Glenn D.; Daberkow, Stan G..
Rapidly declining gasoline prices from their record high during the summer of 2008, while ethanol prices remained relatively high, made it difficult for many bio-fuel policy modelers to fully explain the impacts of U.S. bio-fuel policies on fuel prices. Using profit-maximization models for blenders, refiners, and distillers, we conduct a comparative static analysis to measure the relative magnitudes of the impacts of tax credits and blending mandates on fuel-energy market equilibrium prices. Our results indicate that first, the prices of all fuels including conventional gasoline, ethanol, and blended gasoline decline as the biofuel tax credit increases, but they increase as the rate of the blending mandate increases. Second, the shadow value of a blending...
Tipo: Journal Article Palavras-chave: Bio-fuel tax credits; Blended gasoline; Blender’s market power; Mandated blending; Tariff; Agribusiness; Marketing; Political Economy; Resource /Energy Economics and Policy; Q11; Q21; Q42; Q48.
Ano: 2010 URL: http://purl.umn.edu/57157
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Volatility Spillovers between Food and Energy Markets, A Semiparametric Approach AgEcon
Serra, Teresa.
Previous literature on volatility links between food and energy prices is scarce and mainly based on parametric approaches. We assess this issue by using a semiparametric GARCH model recently proposed by Long et al. (2009), which is essentially a nonparametric correction of the parametric conditional covariance function. We focus on price links between crude oil, ethanol and sugar prices in Brazil. Results suggest strong volatility links between the prices studied. They also suggest that parametric approximations of the conditional covariance matrix may lead to misleading results and can be improved using nonparametric techniques.
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Feedstocks; Price volatility interactions; Semiparametric GARCH; Demand and Price Analysis; Resource /Energy Economics and Policy; Q11; Q42; C58.
Ano: 2011 URL: http://purl.umn.edu/115997
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Cash Ethanol Cross-Hedging Opportunities AgEcon
Franken, Jason R.V.; Parcell, Joseph L..
Increased use of alternative fuels and low commodity prices have contributed to the recent expansion of the U.S. ethanol industry. As with any competitive industry, some level of output price risk exists in the form of volatility; yet, no actively traded ethanol futures market exists to mitigate output price risk. This study reports estimated minimum variance cross-hedge ratios between Detroit spot cash ethanol and the New York Mercantile Exchange unleaded gasoline futures for 1-, 4-, 8-, 12-, 16-, 20-, 24-, and 28-week hedge horizons. The research suggests that a one-to-one cross-hedge ratio is not appropriate for some horizons.
Tipo: Journal Article Palavras-chave: Cross-hedging; Ethanol; Gas; G13; Q13; Q42.
Ano: 2003 URL: http://purl.umn.edu/43152
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China in the Transition to a Low-Carbon Economy AgEcon
Zhang, ZhongXiang.
China, from its own perspective cannot afford to, and from an international perspective, is not allowed to continue on the conventional path of encouraging economic growth at the expense of the environment. The country needs to transform its economy to effectively address concern about a range of environmental problems from burning fossil fuels and steeply rising oil import and international pressure to exhibit greater ambition in fighting global climate change. This paper first discusses China’s own efforts towards energy saving and pollutants cutting, the widespread use of renewable energy and participation in clean development mechanism, and puts carbon reductions of China’s unilateral actions into perspective. Given that transition to a low carbon...
Tipo: Working or Discussion Paper Palavras-chave: Energy Saving; Renewable Energy; Clean Development Mechanism; Nuclear Power; Power Generation; Oil and Gas; Post-Copenhagen Climate Negotiations; China; Resource /Energy Economics and Policy; Q42; Q48; Q52; Q54; Q58.
Ano: 2010 URL: http://purl.umn.edu/91009
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Determining the Impact of Wind on System Costs via the Temporal Patterns of Load and Wind Generation AgEcon
Davis, Clay D.; Gotham, Douglas J.; Preckel, Paul V..
Tipo: Conference Paper or Presentation Palavras-chave: Wind Energy; System Costs; Alternative Energy; Electricity Generation; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q4; Q42; Q54.
Ano: 2011 URL: http://purl.umn.edu/103770
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Ethanol Policy Analysis - What Have We Learned So Far? AgEcon
Taheripour, Farzad; Tyner, Wallace E..
Tipo: Journal Article Palavras-chave: Resource /Energy Economics and Policy; Q48; Q42.
Ano: 2008 URL: http://purl.umn.edu/94661
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Ethanol Marketing and Input Procurement Practices of U.S. Ethanol Producers: 2008 Survey Results AgEcon
Schmidgall, Timothy J.; Tudor, Kerry W.; Spaulding, Aslihan D.; Winter, J. Randy.
A mail survey was used to collect information about input procurement and ethanol and co-product marketing practices from 60 U.S. ethanol production facilities. Data were used to answer questions about the conduct or behavior of ethanol producers. It was anticipated that firm conduct or behavior would be fairly homogeneous because the ethanol industry was in Stage II of the industry life-cycle, and societal support for ethanol production resulted in large volumes of publicly available information about technology and markets. Age of facility, size of facility, and type of ownership jointly explained a limited number of differences in responses across ethanol facilities, thus supporting the concept of fairly homogeneous conduct or behavior.
Tipo: Journal Article Palavras-chave: Entry timing; Ethanol; Farmer-owned cooperatives; Industry life-cycle; Agribusiness; Resource /Energy Economics and Policy; Q11; Q42.
Ano: 2010 URL: http://purl.umn.edu/96330
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Cost Analysis of Alternative Harvest and Storage Methods for Switchgrass in the Southeastern U.S. AgEcon
Larson, James A.; Mooney, Daniel F.; English, Burton C.; Tyler, Donald D..
This study evaluated the potential impacts of dry matter losses from alternative harvest and storage methods on the costs of growing switchgrass for energy production. Data from a switchgrass bale harvest and storage experiment at Milan, TN, indicate that storage losses for covered rectangular bales were greater than for covered round bales. In addition, the cost of delivered feedstock increased with longer storage times because of larger dry matter losses. Even though storage losses were higher with uncovered large round bales, production costs were the lowest because costs of storage were minimal compared to other storage methods.
Tipo: Conference Paper or Presentation Palavras-chave: Bioenergy; Dry matter loss; Storage; Production Economics; D20; D21; D81; D86; Q13; Q42; P42.
Ano: 2010 URL: http://purl.umn.edu/56518
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Is It Fair to Treat China as a Christmas Tree to Hang Everybody’s Complaints? Putting its Own Energy Saving into Perspective AgEcon
ZhongXiang, Zhang.
China had been the world’s second largest carbon emitter for years. However, recent studies show that China had overtaken the U.S. as the world’s largest emitter in 2007. This has put China on the spotlight, just at a time when the world community starts negotiating a post-Kyoto climate regime under the Bali roadmap. China seems to become such a Christmas tree on which everybody can hang his/her complaints. This paper first discusses whether such a critics is fair by examining China’s own efforts towards energy saving, the widespread use of renewable energy and participation in clean development mechanism. Next, the paper puts carbon reductions of China’s unilateral actions into perspective by examining whether the estimated greenhouse gas emission...
Tipo: Working or Discussion Paper Palavras-chave: Energy Saving; Renewable Energy; Post-Kyoto Climate Negotiations; Clean Development Mechanism; China; USA; Environmental Economics and Policy; Q42; Q48; Q53; Q54; Q58.
Ano: 2009 URL: http://purl.umn.edu/52341
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In What Format and under What Timeframe Would China Take on Climate Commitments? A Roadmap to 2050 AgEcon
Zhang, ZhongXiang.
In what format and under what timeframe China would take on climate commitments is of significant relevance to China because it is facing great pressure both inside and outside international climate negotiations to exhibit greater ambition and is being confronted with the threats of trade measures. It is of significant global relevance as well because when China’s emissions peak is crucial to determine when global emissions would peak and because what China is going to do in what format has significant implications for the level and ambition of commitments from other countries. In response to these concerns and to put China in a positive position, this paper maps out the roadmap for China’s specific climate commitments towards 2050. Taking many factors...
Tipo: Working or Discussion Paper Palavras-chave: Carbon Intensity Target; Binding Emissions Caps; Post-Copenhagen Climate Negotiations; Energy Saving; Renewable Energy; Clean Development Mechanism; China; USA; India; Environmental Economics and Policy; Q42; Q48; Q52; Q54; Q58.
Ano: 2010 URL: http://purl.umn.edu/94843
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Would There Be Surplus Grains for Biofuels? An Assessment of Agro-economic Factors and Biofuel Production Potential at the Global Level AgEcon
Paudel, Krishna P.; Timilsina, Govinda R..
Paper removed for editing by author 10/19/11.
Tipo: Working or Discussion Paper Palavras-chave: Biofuel; Land resources; Productivity increase; Food supply; Crop Production/Industries; Resource /Energy Economics and Policy; Q0; Q42; Q18.
Ano: 2010 URL: http://purl.umn.edu/113125
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GHG Trading Framework for the U.S. Biofuels Sector AgEcon
Kumarappan, Subbu; Joshi, Satish V..
Substitution of petroleum fuels with biofuels such as ethanol and biodiesel has been shown to reduce greenhouse gas (GHG) emissions. These GHG reductions can be traded in the emerging carbon markets, and methodologies for quantifying and trading are still being developed. The main challenges in developing such GHG trading framework are analyzed. An outline of such a framework is presented that depends on the life cycle assessment of GHG reductions, along with a combination of project specific and regional standard performance measures. The advantages of assigning GHG property and trading rights to biofuel producers are discussed. At carbon prices of $10 per metric ton, estimated additional revenues to biofuel producers range from $ 17 to 64 million dollars...
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Ethanol; Biodiesel; Carbon trading; GHG emissions trading; Methodology; CCX; CDM; Maize; Lignocellulosics; Well to wheel; Life cycle analysis; Environmental Economics and Policy; Q42; D23; D4.
Ano: 2008 URL: http://purl.umn.edu/54530
Registros recuperados: 122
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