Download or read book Chasing the Sun and Catching the Wind Energy Transition and Electricity Prices in Europe written by Mr. Serhan Cevik and published by International Monetary Fund. This book was released on 2022-11-04 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Energy Transitions in Europe Role of Natural Gas in Electricity Prices written by Behnam Zakeri and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The post-pandemic surge in energy prices in Europe, exacerbated by the consequences of the Russia-Ukraine war, has intensified a critical debate over EU energy and climate policy: to what extent are variable renewable energy, namely wind power and solar PV, versus fossil fuels impacting electricity markets and prices? Using econometric analysis and European open power system data between 2015-2019, we quantify the role of fossil-fuelled vs. low-carbon electricity generation in shaping wholesale electricity prices in Europe. We find that, despite a declining share in electricity generation, fossil fuels are still the main power plants “at the margin” and set power prices in Europe about 66% of the time whilst generating only 37% of electricity per year. Energy transitions in Europe have shifted dependency away from coal toward natural gas as the main electricity price setter, making European electricity prices dependent on natural gas prices more than ever. As natural gas is mostly imported to Europe, this exposes electricity prices to the geopolitical risks of gas supply, as well as the economic risks of currency exchange and natural gas price volatility. We discuss potential solutions to these issues.
Download or read book Energy Dependence and Supply Security written by Anatole Boute and published by Oxford University Press. This book was released on 2024-02-07 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Powering Europe Wind Energy and the Electrical Grid written by and published by EWEA. This book was released on with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wind Energy The Facts written by European Wind Energy Association and published by Routledge. This book was released on 2012-05-04 with total page 593 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wind power is often held up as the most accessible and cost-effective route to reducing our reliance on fossil fuels and improving our energy independence, yet knowledge of what it offers is often clouded by myths and misunderstandings, which can hamper its adoption. This new book, the result of an ambitious project coordinated by the European Wind Energy Association, aims to present the facts about wind energy. It includes six sections discussing: technology grid integration economics of wind its industry and markets its environmental impacts the scenarios and targets for wind energy. Contributions are drawn from nine leading research bodies across Europe, and the material is global in its scope. It is therefore an essential resource and reference for those whose work or study demands an in-depth examination of the subject, and for anyone who wants detailed, accurate and up-to-date information on this key energy source.
Download or read book Wind Energy and Electricity Prices written by European Wind Energy Association and published by . This book was released on 2010 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wind Energy written by European Commission and published by . This book was released on 1999 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1.Technology - 2.Cost, prices and values - 3.Industry and employment - 4.The environment - 5.Market development.
Download or read book The European Energy Transition written by Susanne Nies and published by . This book was released on 2019-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The energy transition is a European flagship project. It corresponds to a disruptive innovation cycle, which has just started, across Europe. The transition encompasses innovation in new technologies, business models, and processes, as well as institution building and change of governance models. While Europe at large is concerned, old divide lines continue to exist, and new ones emerge. The EU has formulated ambitious objectives, and citizens support a common European energy policy - the Energy Union - as the Eurobarometer reveals regularly. This book analyzes the factors driving chan≥ in particular the Climate agenda, the new active customer paradigm and changing attitudes, as well as businesses changing ('business model innovation') and new actors emerging. It proceeds with a reality check based on facts and figures, and describes the various aspects of the European Energy transition.
Download or read book Renewable Energy Strategies for Europe written by Michael Grubb and published by . This book was released on 1995 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This project examines the issues entailed in European policies for promoting renewable energy. This set contains five volumes, each of which is a free-standing publication and which together cover the entire subject.
Download or read book Wind Energy in Europe a Plan of Action written by European Wind Energy Association and published by . This book was released on 1991 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hidden Markov Models for Time Series written by Walter Zucchini and published by CRC Press. This book was released on 2017-12-19 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Download or read book Sustainable Energy written by David J. C. MacKay and published by . This book was released on 2009 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sophie s World written by Jostein Gaarder and published by Farrar, Straus and Giroux. This book was released on 2007-03-20 with total page 735 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Energy Economics written by Subhes C. Bhattacharyya and published by Springer Nature. This book was released on 2019-11-02 with total page 849 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Smart Power Generation written by Jacob Klimstra and published by . This book was released on 2011 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Energy Consumer written by and published by . This book was released on 1980 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Decarbonizing Development written by Marianne Fay and published by World Bank Publications. This book was released on 2015-06-09 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
