[PDF] Essays On The Economics Of Energy Transition eBook

Author : Gaurav Doshi (Ph.D.)
Publisher :
Page : 0 pages
File Size : 38,51 MB
Release : 2023
Category :
ISBN :

GET BOOK

This dissertation studies the impact of energy policy on U.S. electricity markets and energy transition. The first chapter examines the impact of grid expansion on market power and emissions from fossil fuel firms in the short-run and the transition to wind energy in the long-run. For the empirical analysis, I use the rollout of a large-scale transmission expansion project in Texas that linked windy areas in the west to population centers in the east, costing $6.8 billion. Results show significant benefits due to declines in markups, emissions, and increases in wind investment. The payback periods range from 5 - 12 years and are much shorter than the previous estimates in the literature. In the second chapter, I study the effect of market structure on technology adoption in the U.S. solar and wind power industries. I compare adoption across two market types: restructured markets, which are designed to promote competition, and traditional markets, which are dominated by regulated monopolists. Solar projects in restructured markets are 24 percent less likely to adopt frontier technology, while the effect for wind projects is negative but statistically insignificant. I provide evidence that differences in financing costs across the two market types explain this negative relationship between competition and adoption. In the third chapter, I study the effect of transmission expansion on the cost of hedging risk in the wholesale electricity market. Market participants (generating firms, retailers, and financial traders) use forward contracts to hedge risk from price volatility in the market. I show that transmission integration in Texas significantly lowered the prices of these contracts, which translates to about $265 million worth of annual benefits in terms of lower cost of hedging risk. Further, I show evidence of greater market efficiency measured by the geographical convergence of prices across regions in Texas.

Author : Gaurav Doshi (Ph.D.)
Publisher :
Page : 0 pages
File Size : 28,17 MB
Release : 2023
Category :
ISBN :

GET BOOK

This dissertation studies the impact of energy policy on U.S. electricity markets and energy transition. The first chapter examines the impact of grid expansion on market power and emissions from fossil fuel firms in the short-run and the transition to wind energy in the long-run. For the empirical analysis, I use the rollout of a large-scale transmission expansion project in Texas that linked windy areas in the west to population centers in the east, costing $6.8 billion. Results show significant benefits due to declines in markups, emissions, and increases in wind investment. The payback periods range from 5 - 12 years and are much shorter than the previous estimates in the literature. In the second chapter, I study the effect of market structure on technology adoption in the U.S. solar and wind power industries. I compare adoption across two market types: restructured markets, which are designed to promote competition, and traditional markets, which are dominated by regulated monopolists. Solar projects in restructured markets are 24 percent less likely to adopt frontier technology, while the effect for wind projects is negative but statistically insignificant. I provide evidence that differences in financing costs across the two market types explain this negative relationship between competition and adoption. In the third chapter, I study the effect of transmission expansion on the cost of hedging risk in the wholesale electricity market. Market participants (generating firms, retailers, and financial traders) use forward contracts to hedge risk from price volatility in the market. I show that transmission integration in Texas significantly lowered the prices of these contracts, which translates to about $265 million worth of annual benefits in terms of lower cost of hedging risk. Further, I show evidence of greater market efficiency measured by the geographical convergence of prices across regions in Texas.

Author : Gerard Kreeft
Publisher : FriesenPress
Page : 88 pages
File Size : 35,24 MB
Release : 2022-08-31
Category : Business & Economics
ISBN : 1039139035

GET BOOK

The book provides interested readers an insight into the ongoing Energy Transition. Written with humor and insight the reader is guided through and beyond the technical jargon of the energy sector. Written with a sharp eye and appreciation of the oil and gas industry, but also providing a vision how the future of the energy sector will develop. The reader is also taken to Africa. A continent where the author has spent a considerable amount of time. A continent which also has an Energy Transition message that must be told to a larger audience. This book is a must-read for anyone who is curious about how the Energy Transition will evolve. The challenges, the myths, and the surprises that you the reader will want to discover. "Gerard is clearly an out of the box thinker and his book is a thought- provoking collection of observations worthy of study to all of those facing the challenge of net zero through energy transition by 2050." - Ken Seymour BSc PhD MBA CEng

Author : Peter D Cameron
Publisher : Bloomsbury Publishing
Page : 349 pages
File Size : 43,63 MB
Release : 2021-01-14
Category : Law
ISBN : 150993250X

GET BOOK

Global energy is on the cusp of change, and it has become almost a truism that energy is in transition. But what does this notion mean exactly? This book explores the working hypothesis that, characteristically, the energy system requires a strategy of the international community of states to deliver sustainable energy to which all have access. This strategy is for establishing rules-based governance of the global energy value-cycle. The book has four substantive parts that bring together contributions of leading experts from academia and practice on the law, policy, and economics of energy. Part I, 'The prospects of energy transition', critically discusses the leading forecasts for energy and the strategies that resource-rich countries may adopt. Part II, 'Rules-based multilateral governance of the energy sector', details the development and sources of rules on energy. Part III, 'Competition and regulation in transboundary energy markets', discusses principal instruments of rules-based governance of energy. Part IV, 'Attracting investments and the challenges of multi-level governance', focuses on the critical governance of the right investments. This book is a flagship publication of the Centre for Energy, Petroleum and Mineral Law and Policy at the University of Dundee. It launches the Hart series 'Global Energy Law and Policy' and is edited by the series general editors Professors Peter D Cameron and Volker Roeben, and also Dr Xiaoyi Mu.

Author : Fateh Belaïd
Publisher : Springer Nature
Page : 258 pages
File Size : 44,81 MB
Release : 2021-12-06
Category : Business & Economics
ISBN : 3030797139

GET BOOK

This volume analyzes the impacts of the COVID-19 pandemic on energy transition and climate change from an economic perspective. Since its emergence in early 2020, the COVID-19 pandemic has had a powerful effect on multiple facets of the global economy. The unknown scope and duration of the pandemic and its associated economic shocks have made energy security and the process of clean energy transition highly unpredictable. To combat this, this edited volume presents a wide range of theoretical and empirical research at the nexus of the COVID-19 pandemic and energy, resource, and environmental economics. Chapters focus on four major themes: the impact of crises on energy security, the role of resilient energy systems in society, the challenges of clean energy transition, and economic impacts of COVID-19 on climate change. Providing rigorous analysis of an evolving situation that will continue to impact the global energy market, this volume will be of interest to researchers and students of energy economics, environmental economics, and resource economics as well as policy professionals involved in climate change and energy transition.

Author :
Publisher : Dykinson
Page : pages
File Size : 48,17 MB
Release :
Category :
ISBN : 8413773814

GET BOOK

The effective enforcement of energy transition is one of the keys to the successful fight to climate change. The interplay between the sustainable UN Agenda 2030 goals is a new interesting ground for the development of intersectorial and multidisciplinary studies. Thanks to University of Camerino which is focused on the contamination between different scientific areas and really engaged in strengthening international research, a group composed by more than forty researchers of ten different nationalities is studying the energy policies and the new phenomenon of energy prosumerism. This book is the first direct result of the research activities granted by University of Camerino under the Programme FAR 2019 in the ECPE Project ‘Enabling Consumer to become Prosumer in the Energy transition era’ (more details about the project ECPE are available at https://ecpe.unicam.it/). The object of this book is to collect and analyze the main barriers to self-consumption and prosumerism. Difficult as it is to discuss all obstacles in a single volume, the book focuses on selected barriers which impede the development of new types of fossil free energy production and consuption. The energy communities could play a central role in the implementation of the energy transition strategies, but legal, social, economic, political and cultural barriers can hinder their spread. To analyze the barriers and to find how to eliminate the obstacles to energy transition policies is pivotal to enhance research activities focused on the new EU Regulatory framework. Most in general it is crucial a multidisciplinary approach focused on the fight to climate change and the implementation of sustainable development. In this book are collected several articles which offer a different perspective on the energy transition barriers form different points of view and under different methodologies. The book is composed of four parties. The first one is dedicated to the analysis of the methodology and the results offered by questionnaires supplied online in two languages (Italian/English). The survey is the basis of the Working Paper which is the deliverable of the ECPE Work Programme n. 2 and which constitutes the ground for a discussion into the research group. The second part of the volume collects the contributions focused on the social and economic barriers to prosumerism, while the third one is dedicated to a description of failure cases of self consumption. Lesson learned by failure experiences in the world could favour a good implementation of the new EU Directive Renewable Energy Directive 2018/2001 ( RED II) and Directive on common, rules for the internal market for electricity 2019/944 ( IEM) in Italy an European Country which is strategic in the Energy policy of the Foreword 1 Mediterranean area. The last part of the book is composed of the visions and perspectives offered by Italian testimonials engaged as actors in the new energy market with different roles. I am grateful for the generous support given by the editorial staff composed by Gopi Battinemi, Roberto Garetto, Federico Pascucci, Giovanni Russo and Karina Zabrodina, precious collaborators and valid researchers. Thanks also to the Scientific Committee which honoured our work: Marine Cornelis, Francisco Lledó Yagüe and Luis E. Quintero. As editor I am sure you will appreciate the volume which would like to offer an insight on new issues and challenges offered by the energy transition era.

Author : Matúš Mišík
Publisher : Springer Nature
Page : 628 pages
File Size : 44,70 MB
Release : 2020-09-28
Category : Political Science
ISBN : 3030550850

GET BOOK

This book examines energy transition issues within the Central and Eastern European (CEE) region. The European Union is aiming for an almost complete decarbonization of its energy sector by 2050. However, the path towards a carbon-free economy is full of challenges that must be solved by individual EU members. Across 18 chapters, leading researchers explore challenges related to energy transition and analyse individual EU members from Central and Eastern Europe, as well as the region as a whole. To further explore this complex issue, the volume also includes several countries from South East Europe in its analysis. As perspective members, these countries will be important contributors to the EU’s mid- and long-term climate and energy goals. The focus on a variety of issues connected to energy transition and systematic analyses of the different CEE countries make it an ideal reference for anyone with a general interest in the region or European energy transition. It will also be a useful resource for students looking for an accessible overview of the field.

Author : Douglas Arent
Publisher : Oxford University Press
Page : 631 pages
File Size : 25,31 MB
Release : 2017
Category : Business & Economics
ISBN : 0198802242

GET BOOK

A volume on the political economy of clean energy transition in developed and developing regions, with a focus on the issues that different countries face as they transition from fossil fuels to lower carbon technologies.