› › Chasing The Sun And Catching The Wind Energy Transition And Electricity Prices In Europe

Chasing the Sun and Catching the Wind: Energy Transition and Electricity Prices in Europe

Author : Mr. Serhan Cevik

Publisher : International Monetary Fund

Page : 22 pages

File Size : 11,41 MB

Release : 2022-11-04

Category : Business & Economics

ISBN :

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Book Description

European power markets are in the midst of unprecedented changes, with a record-breaking surge in energy prices.This paper investigates the impact of green power resources on the level and volatility of wholesale electricity prices at a granular level, using monthly observations for a panel of 24 European countries over the period 2014–2021 and alternative estimation methods including a panel quantile regression approach. We find that renewable energy is associated with a significant reduction in wholesale electricity prices in Europe, with an average impact of 0.6 percent for each 1 percentage points increase in renewable share. We also find evidence for a nonlinear effect—that is, higher the share of renewables, the greater its effect on electricity prices. On the other hand, while quantile estimation results are mixed with regards to the impact of renewables on the volatility of electricity prices, we obtain evidence that renewable energy has a negative effect on volatility at the highest quantiles. Overall, our analysis indicates that policy reforms can help accelerate the green transition while minimizing the volatility in electricity prices.



Energy Dependence and Supply Security

Author : Anatole Boute

Publisher : Oxford University Press

Page : 273 pages

File Size : 46,74 MB

Release : 2024-02-07

Category : Law

ISBN : 0198890478

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Book Description

Russia's 2022 invasion of Ukraine administered an unprecedented shock to the European and global energy markets, triggering emergency interventions and market reforms to limit the impact of the crisis on energy prices and supply security. More fundamentally, the supply shock sparked a profound reappraisal of foreign supply and infrastructure dependencies (for example, on China), leading states to adopt new legal initiatives to strengthen the resilience of their clean energy supply chains. Energy geopolitics and supply security are now firmly back at the centre of global energy policy, and in this new geopolitical reality, we critically need to reassess the role of energy law in the creation - and avoidance - of dangerous energy dependencies. Using the 2022 energy crisis as core example, Energy Dependence and Supply Security offers a legal analysis of energy trade and investment as a tool of geopolitical power, an issue seldom considered outside of economic statecraft and energy geopolitics. Anatole Boute's timely analysis illustrates the paradox of energy law and security: legal instruments of energy security have helped create the supply and infrastructure dependencies that allowed for the weaponization of energy. The book examines the legal responses adopted by the European Union to the impact of the Russian energy shock, reflecting on strategies to avoid similar disruptions in the clean energy industry. In turn, it proposes innovative supply security reforms that would allow dependencies to be managed, while still preserving the international collaboration that is needed to accelerate the transition to clean, affordable, and secure energy systems.



Hidden Markov Models for Time Series

Author : Walter Zucchini

Publisher : CRC Press

Page : 370 pages

File Size : 12,18 MB

Release : 2017-12-19

Category : Mathematics

ISBN : 1482253844

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Book Description

Hidden Markov Models for Time Series: An Introduction Using R, Second Edition illustrates the great flexibility of hidden Markov models (HMMs) as general-purpose models for time series data. The book provides a broad understanding of the models and their uses. After presenting the basic model formulation, the book covers estimation, forecasting, decoding, prediction, model selection, and Bayesian inference for HMMs. Through examples and applications, the authors describe how to extend and generalize the basic model so that it can be applied in a rich variety of situations. The book demonstrates how HMMs can be applied to a wide range of types of time series: continuous-valued, circular, multivariate, binary, bounded and unbounded counts, and categorical observations. It also discusses how to employ the freely available computing environment R to carry out the computations. Features Presents an accessible overview of HMMs Explores a variety of applications in ecology, finance, epidemiology, climatology, and sociology Includes numerous theoretical and programming exercises Provides most of the analysed data sets online New to the second edition A total of five chapters on extensions, including HMMs for longitudinal data, hidden semi-Markov models and models with continuous-valued state process New case studies on animal movement, rainfall occurrence and capture-recapture data



Sustainable Energy

Author : David J. C. MacKay

Publisher :

Page : 368 pages

File Size : 41,20 MB

Release : 2009

Category :

ISBN :

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Sun Power

Author : Neville Williams

Publisher : Forge Books

Page : 385 pages

File Size : 29,65 MB

Release : 2014-04-22

Category : Technology & Engineering

ISBN : 1466805404

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Book Description

America is on the brink of a green energy revolution that can save the planet, and increase peace and prosperity, by harnessing the unlimited solar power. After decades of promise, the technology for alternative energy solutions now exists to replace our dangerous addiction to fossil fuels with cheap, clean solar energy. Neville Williams has been on the leading edge of this revolution for decades and knows from firsthand experience how sun power can transform lives and communities for the better. He has traveled the globe bringing solar-generated electricity to struggling communities throughout Asia, Africa, India, and the developing world. From isolated villages high in the mountains of Nepal to remote settlements in South Africa, Williams has worked to bring sun power to even the most off-the-grid reaches of the planet. He has brought that knowledge and experience back to America where he founded one of the country's fastest growing solar companies. If millions of poor families in the Third World can get their power from the sun, why can't Americans concerned with their rising power bills, dependence on foreign oil, and carbon footprints do the same? The answer is that sun power is here, it works, and can light up a new era of economic and environmental security—if we have the will to seize this historic opportunity. This book is not about predictions or promises. It's about what's happening now, all over the world, and what still needs to done. At the Publisher's request, this title is being sold without Digital Rights Management Software (DRM) applied.



Global Energy Politics

Author : Thijs Van de Graaf

Publisher : John Wiley & Sons

Page : 265 pages

File Size : 50,68 MB

Release : 2020-05-07

Category : Political Science

ISBN : 1509530517

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Book Description

Ever since the Industrial Revolution energy has been a key driver of world politics. From the oil crises of the 1970s to today’s rapid expansion of renewable energy sources, every shift in global energy patterns has important repercussions for international relations. In this new book, Thijs Van de Graaf and Benjamin Sovacool uncover the intricate ways in which our energy systems have shaped global outcomes in four key areas of world politics: security, the economy, the environment and global justice. Moving beyond the narrow geopolitical focus that has dominated much of the discussion on global energy politics, they also deftly trace the connections between energy, environmental politics, and community activism. The authors argue that we are on the cusp of a global energy shift that promises to be no less transformative for the pursuit of wealth and power in world politics than the historical shifts from wood to coal and from coal to oil. This ongoing energy transformation will not only upend the global balance of power; it could also fundamentally transfer political authority away from the nation state, empowering citizens, regions and local communities. Global Energy Politics will be an essential resource for students of the social sciences grappling with the major energy issues of our times.



Energy Economics

Author : Subhes C. Bhattacharyya

Publisher : Springer Nature

Page : 854 pages

File Size : 38,64 MB

Release : 2019-11-02

Category : Business & Economics

ISBN : 1447174682

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Book Description

This book provides an updated and expanded overview of basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues in the light of recent developments, such as the Paris Agreement, the UN Sustainable Development Goals and new technological developments in the production and use of energy. The new edition is divided into four parts covering concepts, issues, markets, and governance. Although the content has been thoroughly revised and rationalised to reflect the current state of knowledge, it retains the main features of the first edition, namely accessibility, research-informed presentation, and extensive use of charts, tables and worked examples. This easily accessible reference book allows readers to gain the skills required to understand and analyse complex energy issues from an economic perspective. It is a valuable resource for students and researchers in the field of energy economics, as well as interested readers with an interdisciplinary background.



Sophie's World

Author : Jostein Gaarder

Publisher : Farrar, Straus and Giroux

Page : 599 pages

File Size : 46,96 MB

Release : 2007-03-20

Category : Fiction

ISBN : 1466804270

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Book Description

A page-turning novel that is also an exploration of the great philosophical concepts of Western thought, Jostein Gaarder's Sophie's World has fired the imagination of readers all over the world, with more than twenty million copies in print. One day fourteen-year-old Sophie Amundsen comes home from school to find in her mailbox two notes, with one question on each: "Who are you?" and "Where does the world come from?" From that irresistible beginning, Sophie becomes obsessed with questions that take her far beyond what she knows of her Norwegian village. Through those letters, she enrolls in a kind of correspondence course, covering Socrates to Sartre, with a mysterious philosopher, while receiving letters addressed to another girl. Who is Hilde? And why does her mail keep turning up? To unravel this riddle, Sophie must use the philosophy she is learning—but the truth turns out to be far more complicated than she could have imagined.



Decarbonizing Development

Author : Marianne Fay

Publisher : World Bank Publications

Page : 185 pages

File Size : 25,97 MB

Release : 2015-06-09

Category : Business & Economics

ISBN : 1464806063

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Book Description

The science is unequivocal: stabilizing climate change implies bringing net carbon emissions to zero. This must be done by 2100 if we are to keep climate change anywhere near the 2oC warming that world leaders have set as the maximum acceptable limit. Decarbonizing Development: Three Steps to a Zero-Carbon Future looks at what it would take to decarbonize the world economy by 2100 in a way that is compatible with countries' broader development goals. Here is what needs to be done: -Act early with an eye on the end-goal. To best achieve a given reduction in emissions in 2030 depends on whether this is the final target or a step towards zero net emissions. -Go beyond prices with a policy package that triggers changes in investment patterns, technologies and behaviors. Carbon pricing is necessary for an efficient transition toward decarbonization. It is an efficient way to raise revenue, which can be used to support poverty reduction or reduce other taxes. Policymakers need to adopt measures that trigger the required changes in investment patterns, behaviors, and technologies - and if carbon pricing is temporarily impossible, use these measures as a substitute. -Mind the political economy and smooth the transition for those who stand to be most affected. Reforms live or die based on the political economy. A climate policy package must be attractive to a majority of voters and avoid impacts that appear unfair or are concentrated on a region, sector or community. Reforms have to smooth the transition for those who stand to be affected, by protecting vulnerable people but also sometimes compensating powerful lobbies.



Global Energy Interconnection

Author : Zhenya Liu

Publisher : Academic Press

Page : 396 pages

File Size : 24,65 MB

Release : 2015-08-28

Category : Political Science

ISBN : 0128044063

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Book Description

Global energy network is an important platform to guarantee effective exploitation of global clean energy and ensure reliable energy supply for everybody. Global Energy Interconnection analyzes the current situation and challenges of global energy development, provides the strategic thinking, overall objective, basic pattern, construction method and development mode for the development of global energy network. Based on the prediction of global energy and electricity supply and demand in the future, with the development of UHV AC/DC and smart grid technologies, this book offers new solutions to drive the safe, clean, highly efficient and sustainable development of global energy. The concept and development ideas concerning global energy interconnection in this book are based on the author's thinking of strategic issues about China's and the world's energy and electricity development for many years, especially combined with successful practices of China's UHV development. This book is particularly suitable for researchers and graduated students engaged in energy sector, as well as energy economics researchers, economists, consultants, and government energy policy makers in relevant fields. - Based on the author's many years' experience in developing Smart Grid solutions within national and international projects. - Combines both solid background information and cutting-edge technology progress, coupled with a useful and impressive list of references. - The key energy problems which are challenging us nowadays are well stated and explained in this book, which facilitates a better understanding of the development of global energy interconnection with UHV AC/DC and smart grid technologies.