Energy industries and utilities Books

Book SynopsisThe Yearbook comprises annual data for 230 countries and areas for 2015-2018 on production, trade and consumption of energy: solids, liquids, gaseous fuels, electricity and heat, covering both renewable and non-renewable sources of energy. Per capita consumption series are also provided for all energy products. Graphs illustrate historic trends and/or changes in composition of production and/or consumption of major energy products. Special tables include: international trade tables for coal, crude petroleum and natural gas by partner countries – providing information on direction of trade; statistics on renewables and wastes; refinery distillation capacity; and selected energy resources

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Book SynopsisWith South Asia's growing energy demand, governments in the region are facing the short-term pressures of facilitating energy access, while attempting to formulate long-term sustainable strategies. This book explores how the key economies of South Asia are addressing issues such as the diversification of energy consumption profiles and import sources, investments in renewables, enabling universal energy access, challenges to regional energy cooperation, greenhouse gas emissions and climate change, and the policy changes that can foster bilateral and multilateral action.As governments seek to ensure access to affordable, reliable, secure, sustainable and modern energy, trends and drivers are emerging and shaping the South Asian energy landscape. The first section of the book examines energy trends at the regional level, while the second section focuses on the internal and external challenges faced by India — the largest energy consumer in the region and the third-largest energy consumer in the world.The diverse perspectives in this volume provide a holistic snapshot of South Asia's ongoing low-carbon energy transition, and highlight the importance of the region working collectively to navigate the many obstacles.

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Book SynopsisThis book combines energy economics and big data modeling analysis in energy conversion and management and comprehensively introduces the relevant theories, key technologies, and application examples of the smart energy economy. With the help of time series big data modeling results, energy economy managers develop reasonable and feasible pricing mechanisms of electricity price and improve the absorption capacity of the power grid. In addition, they also carry out scientific power equipment scheduling and cost–benefit analysis according to the results of data mining, so as to avoid the loss caused by accidental damage of equipment. Energy users adjust their power consumption behavior through the modeling results provided and achieve the effect of energy saving and emission reduction while reasonably reducing the electricity expenditure.This book provides an important reference for professionals in related fields such as smart energy, smart economy, energy Internet, artificial intelligence, energy economics and policy.Table of ContentsChapter 1 Introduction1.1 Overview of Research Progress in Energy Economics1.2 Key Technologies of Energy Internet in Energy Economics1.3 Big Data Demand Analysis for Energy Economics1.4 Scope of This Book1.5 ReferencesChapter 2 Big Data Analysis of Energy Economics in Oil Market 2.1 Introduction2.2 Influencing Factors Analysis of Oil Prices2.3 Big Data Forecasting of Oil Prices2.4 Econometric Analysis of Oil Prices2.5 Conclusions2.6 ReferencesChapter 3 Big Data Analysis of Energy Economics in Coal Market3.1 Introduction3.2 Influencing Factors Analysis of Coal Prices3.3 Big Data Forecasting of Coal Prices3.4 Econometric Analysis of Coal Prices3.5 Conclusions3.6 ReferencesChapter 4 Big Data Analysis of Energy Economics in Wind Power Market4.1 Introduction4.2 Multi-Temporal and Spatial Scale Wind Power Big Data Forecasting4.3 Conversion Efficiency of Wind Power Energy 4.4 Market Economy Analysis of Wind Power Application4.5 Conclusions4.6 ReferencesChapter 5 Big Data Analysis of Energy Economics in Photovoltaic Power Generation Market5.1 Introduction5.2 Big Data Forecasting of Photovoltaic Power Generation5.3 Photovoltaic Power Consumption by Small and Medium-sized Users5.4 Photovoltaic Power Consumption in Urban Public Areas5.5 Market Economy Analysis of Photovoltaic Systems5.6 Conclusions5.7 ReferencesChapter 6 Big Data Analysis of Energy Economics in Power Market 6.1 Introduction6.2 Big Data Forecasting of Urban Electricity Prices6.3 Correlation Analysis of Urban Energy Consumption and Economic Growth6.4 Metering Charge Adjustment Analysis of City Electricity Prices6.5 Conclusions6.6 ReferencesChapter 7 Big Data Management of Energy Conservation and Emission Reduction in Smart Cities7.1 Introduction7.2 Non-intrusive Identification of Smart Electrical Equipment7.3 Electricity Consumption Behavior Guidance in Smart Cities 7.4 Effectiveness Analysis of Energy Conservation and Emission Reduction in Smart Cities7.5 Conclusions7.6 ReferencesChapter 8 Optimization Analysis of Clean Energy Transformation8.1 Introduction8.2 Efficiency Analysis of Energy Utilization Under Diversified Development8.3 Analysis of Reasonable Energy Consumption Patterns8.4 Economic Analysis of Clean Energy Transformation8.5 Conclusions8.6 ReferencesChapter 9 Global Energy Internet: Green and Low-Carbon Energy Economic Innovation9.1 Introduction9.2 Reform and Innovation of the New Energy System Under the Energy Internet9.3 Energy Saving and Emission Reduction Under the Energy Internet9.4 Healthy Construction of the Ecological Environment Under the Energy Internet9.5 Conclusions9.6 References

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Book SynopsisThe goal of this book is to improve the ability of enterprises to implement the green growth model and value chain reconstruction. China’s environmental development strategies, such as carbon peak emission and carbon neutrality, have created new challenges and requirements for enterprises to “go green.” In addition, anti-globalization and the complex dynamic uncertainty caused by COVID-19 have changed the operational environment that enterprises face. The application of new technologies, including the new generation of information technologies and the whole process management technology, provides solutions for the implementation of enterprises’ green growth model and value chain reconstruction. Based on China’s enterprise management cases, this book reveals the connotative features of enterprises’ green growth model and their evolutionary regularities, the overall framework and decision optimization of value chain reconstruction under the green growth model, and the approach to implementing the green growth model and value chain reconstruction. The theoretical framework of the green growth model and value chain reconstruction established in this book has enriched and developed the research results in this field. Cases of enterprises implementing the green growth model can provide references for the green transformation of enterprises and help enterprises appreciate the synergy between sustainability and growth. This book can also serve as a research reference for scholars engaged in the field of sustainable operations, as well as decision-makers and managers of relevant government departments.Table of ContentsChapter 1. An overview of enterprises’ green growth model and value chain reconstruction.- Chapter 2. The formation of enterprises’ green growth model.- Chapter 3. The trend of enterprises’ green growth model.- Chapter 4. The strategical matching of enterprises’ green growth model.- Chapter 5. The reconstruction and innovation of value chain of enterprises’ green growth model.- Chapter 6. The network design of enterprises’ green growth model.- Chapter 7. The building of value chain and coordination of the membership.- Chapter 8. Green product design and innovation.- Chapter 9. Green product pricing.- Chapter 10. Green procurement and outsourcing.- Chapter 11. Manufacturing and remanufacturing.- Chapter 12. Inventory management.- Chapter 13. Green Logistics.- Chapter 14. Collection and resource recycling.- Chapter 15. Supply disruptions and reconstruction of value chain.- Chapter 16. The organization of reconstruction of value chain.- Chapter 17. Social responsibility management.- Chapter 18. Performance management.

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Book SynopsisThis unique book offers a timely and insightful look into China's present energy situation and the emerging challenges of balancing energy supply and demand over the forthcoming decades. It presents a holistic analysis of the growing pressures on the energy system as a result of the country's dynamic socio-economic progress.The volume considers current hot topics and will be useful as a reference for those aspiring to understand more about what is happening in China's energy sector today.Table of ContentsReview of Energy Development; Hot Spots; Energy Demand Outlook; Energy Supply Outlook; China and the World Energy Markets.

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Book SynopsisThis easy-to-read book presents an elementary yet comprehensive introduction to modern energy economics. Mathematical content is kept to a minimum, and advanced numerical concepts are placed in appendices. The two survey chapters are suitable for readers with little or no formal training in economics. Differing greatly from other energy textbooks, the book aims to provide the reader with an informed advantage. Principally intended as a textbook for undergraduate economics students, it can also be used for self-study or as a reference material.Table of ContentsWorld Oil; Oil in Saudi Arabia, Russia and Africa; World Gas; World Coal; Nuclear Energy; An Introduction to Electricity Economics; Derivatives: Futures, Options and Swaps; Some Aspects of Climate Warming.

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Book SynopsisBringing together leading-edge research and innovative energy markets econometrics, this book collects the author's most important recent contributions in energy economics. In particular, the book:• applies recent advances in the field of applied econometrics to investigate a number of issues regarding energy markets, including the theory of storage and the efficient markets hypothesis• presents the basic stylized facts on energy price movements using correlation analysis, causality tests, integration theory, cointegration theory, as well as recently developed procedures for testing for shared and codependent cycles• uses recent advances in the financial econometrics literature to model time-varying returns and volatility in energy prices and to test for causal relationships between energy prices and their volatilities• explores the functioning of electricity markets and applies conventional models of time series analysis to investigate a number of issues regarding wholesale power prices in the western North American markets• applies tools from statistics and dynamical systems theory to test for nonlinear dynamics and deterministic chaos in a number of North American hydrocarbon markets (those of ethane, propane, normal butane, iso-butane, naptha, crude oil, and natural gas)Table of ContentsCrude Oil Markets; Natural Gas Markets; Electricity Markets; Crude Oil, Natural Gas, and Electricity Markets; Volatility Modeling in Energy Markets; Chaos, Fractals, and Random Modulations in Energy Markets.

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Book SynopsisThis book offers the first set of quantitative analyses of the results of deregulation of the gas wellhead process coupled with partial deregulation of pipeline transportation and product storage. This complex process — which involves taking pipelines out of the field markets as product purchasers, and creating spot gas and pipeline space markets — has changed the nature and extent of services for gas at the burner tip, and the level as well as volatility of prices for these services. Using econometric tools of analysis, the authors concentrating on these changes uncover surprising findings in contrast to what regulatory reform was supposed to accomplish.Table of ContentsQuantitative Study Number One: Regional Markets for Gas Transmission Services (V Marmer & D Shapiro); Quantitative Study Number Two: Competition Among the Few in the Natural Gas Pipelines Industry After Partial Deregulation (N Moshkin); Quantitative Study Number Three: The Basis Differentials as a Measure of Performance in Partially Deregulated Pipeline Transportation Markets (P W MacAvoy); Quantitative Study Number Four: Profitability of Natural Gas Storage Resulting from Federal Deregulation (N Moshkin); Quantitative Study Number Five: Revising the Model of Gas Wellhead Prices and Quantities for Deregulation (P W MacAvoy & V Marmer).

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Book SynopsisAs East and Southeast Asia continue to modernize and urbanize, their demand for energy will soar. Besides seeking to import fossil fuels from the Middle East, Africa, the Caspian Region, Russia, Latin America, Australia, etc., it is imperative for these Asian countries to cooperate in substantially raising the efficiency with which energy is consumed. This book offers a comprehensive examination of East and Southeast Asia's energy conservation policies. It begins with a summary of the current and projected energy supply and demand patterns in the region, and a discussion about the need and basis for cooperation in energy conservation. This is followed by an examination of the energy conservation policies and progress to date in seven ASEAN countries and in China, Japan and Korea.Table of ContentsEast Asian Energy Supply and Demand Outlook; The Potential for Energy Conservation in East Asia; Asian Energy Partnership: Opportunities and Obstacles; Energy Conservation Policy Development and Progress in Brunei, China, Indonesia, Japan, Korea, Malaysia, Philippines, Thailand, Singapore, and Vietnam.

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Book SynopsisThis book aims to prove that the so-called “energy crisis” is really an entropy crisis. Since energy is conserved, it is clear that a different concept is necessary to discuss meaningfully the problems posed by energy supplies and environmental protection. This book makes this concept, entropy, accessible to a broad, nonspecialized audience.Examples taken from daily experiences are used to introduce the concept of entropy in an intuitive manner, before it is defined in a more formal way. It is shown that the entropy increase due to irreversible transformations (or “unrecoverable” energy) simultaneously determines the level of fresh energy supplies of our society and the damage that it causes to the environment. Minimizing the rate of entropy increase with advanced technologies and society organizations, and keeping it in check with appropriate energy sources, is the key to a sustainable development.Table of ContentsIntroduction; Dealing with Entropy on a Daily Basis; How Much Energy Do We Need?; The Role of Entropy in Thermodynamics; Climate Change: What We Know and What We Don't Know; Fighting Entropy with Science and Technology; A Future without Fossil Fuels; How Will It All End?.

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Book SynopsisThis book aims to prove that the so-called “energy crisis” is really an entropy crisis. Since energy is conserved, it is clear that a different concept is necessary to discuss meaningfully the problems posed by energy supplies and environmental protection. This book makes this concept, entropy, accessible to a broad, nonspecialized audience.Examples taken from daily experiences are used to introduce the concept of entropy in an intuitive manner, before it is defined in a more formal way. It is shown that the entropy increase due to irreversible transformations (or “unrecoverable” energy) simultaneously determines the level of fresh energy supplies of our society and the damage that it causes to the environment. Minimizing the rate of entropy increase with advanced technologies and society organizations, and keeping it in check with appropriate energy sources, is the key to a sustainable development.Table of ContentsIntroduction; Dealing with Entropy on a Daily Basis; How Much Energy Do We Need?; The Role of Entropy in Thermodynamics; Climate Change: What We Know and What We Don't Know; Fighting Entropy with Science and Technology; A Future without Fossil Fuels; How Will It All End?.

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Book SynopsisWill international wars where energy resources play a central role continue to hold sway over life and death for industrialized nations, or is this a transient phase in the evolution of industrial societies? This book answers this question by tracing the history of energy and conflict from antiquity, through the epic hot and cold wars of the twentieth century, to expected outcome of the war in Iraq. It points the way to the end of wars over control of fossil fuels, and demonstrates why these may be the last major international wars over other resources as well.This book is a must-read for anyone interested in the future of energy use or international conflict. Readers will find in it an illuminating overview of the sweep of historical events. The book further provides a compelling explanation of how a thorough understanding of the evolutionary direction of these events challenges the conventional wisdom that resource wars are endemic to the nature of industrial society, thus offering a fresh view on one of the most important challenges of our time.Table of ContentsCoal and Non-Energy Minerals: Energy, Transport, and War Through 1815; Steamer Coal in the Colonial Era; Franco-Prussian War Sets the Stage; Coal and Iron in the Great War; Coal in Asia Before WWII; Coal, Steel, Customs, and the EU; Conflict Over Other Solid Mineral Resources; An End to Conflict Over Solid Mineral Resources?; Oil: Oil and Commerce; Oil from WWI to WWII; Oil and World War II; Before the Iran-Iraq War; Iran and Iraq; Gulf War I; Sanctions and Inspections; Iraq After 9/11/01; Oil and War; Uranium, Natural Gas, and Renewables: France and Uranium; French Neocolonialism in Africa; Natural Gas Resources and Transport; Liquefied Natural Gas and Security Developments; Hydropower; New Renewable Energy Sources; Conflict or Cooperation?; The Future: Energy for the Future; It's About Oil; The Future of International War.

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Book SynopsisThe markets for electricity, gas and temperature have distinctive features, which provide the focus for countless studies. For instance, electricity and gas prices may soar several magnitudes above their normal levels within a short time due to imbalances in supply and demand, yielding what is known as spikes in the spot prices. The markets are also largely influenced by seasons, since power demand for heating and cooling varies over the year. The incompleteness of the markets, due to nonstorability of electricity and temperature as well as limited storage capacity of gas, makes spot-forward hedging impossible. Moreover, futures contracts are typically settled over a time period rather than at a fixed date. All these aspects of the markets create new challenges when analyzing price dynamics of spot, futures and other derivatives.This book provides a concise and rigorous treatment on the stochastic modeling of energy markets. Ornstein-Uhlenbeck processes are described as the basic modeling tool for spot price dynamics, where innovations are driven by time-inhomogeneous jump processes. Temperature futures are studied based on a continuous higher-order autoregressive model for the temperature dynamics. The theory presented here pays special attention to the seasonality of volatility and the Samuelson effect. Empirical studies using data from electricity, temperature and gas markets are given to link theory to practice.Table of ContentsA Survey of Electricity and Related Markets; Stochastic Analysis for Independent Increment Processes; Stochastic Models for the Energy Spot Price Dynamics; Pricing of Forwards and Swaps Based on the Spot Price; Applications to the Gas Markets; Modeling Forwards and Swaps Using the Heath-Jarrow-Morton Approach; Constructing Smooth Forward Curves in Electricity Markets; Modeling of the Electricity Futures Market; Pricing and Hedging of Energy Options; Analysis of Temperature Derivatives.

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Book SynopsisEnergy in the 21st Century is a valuable source of information for students, decision makers, opinion leaders, and the general public. Oil and natural gas price volatility continue to affect both the supply and demand for energy. Advances in other technologies, such as nuclear, wind, solar, and tidal technology, are altering the comparative economics of competing energy sources. New government policies are changing the landscape of the global energy marketplace.From our reliance on fossil fuels to the quest for new sources of energy, Energy in the 21st Century provides a fact-based analysis of the most prominent energy issues of our time. The fourth edition updates data and includes more discussion of recent advances. Some of the highlights of the fourth edition are expanded discussion of climate change and anthropogenic climate change; the 2015 COP21 Paris Agreement on Climate Change; nuclear fusion reactor prototypes (tokomak ITER and stellarator W7-X); advances in solar thermal and solar photovoltaic power plants, space based solar power, transparent photovoltaic cells, and hybrid solar wind technology; tidal and wave energy converters; oil from algae; the EU Supergrid; the Goldilocks Policy for energy transition and the Grand Energy Bargain.Energy in the 21st Century has been used as the text for the general college student population, as well as energy overview for MBA students. Pedagogical material includes learning objectives at the beginning of each chapter, end of chapter activities, a comprehensive index, a glossary, and an Appendix to help with converting units. Points to Ponder are provided throughout the text and are designed to encourage the reader to consider material from different perspectives.

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Book SynopsisEnergy in the 21st Century is a valuable source of information for students, decision makers, opinion leaders, and the general public. Oil and natural gas price volatility continue to affect both the supply and demand for energy. Advances in other technologies, such as nuclear, wind, solar, and tidal technology, are altering the comparative economics of competing energy sources. New government policies are changing the landscape of the global energy marketplace.From our reliance on fossil fuels to the quest for new sources of energy, Energy in the 21st Century provides a fact-based analysis of the most prominent energy issues of our time. The fourth edition updates data and includes more discussion of recent advances. Some of the highlights of the fourth edition are expanded discussion of climate change and anthropogenic climate change; the 2015 COP21 Paris Agreement on Climate Change; nuclear fusion reactor prototypes (tokomak ITER and stellarator W7-X); advances in solar thermal and solar photovoltaic power plants, space based solar power, transparent photovoltaic cells, and hybrid solar wind technology; tidal and wave energy converters; oil from algae; the EU Supergrid; the Goldilocks Policy for energy transition and the Grand Energy Bargain.Energy in the 21st Century has been used as the text for the general college student population, as well as energy overview for MBA students. Pedagogical material includes learning objectives at the beginning of each chapter, end of chapter activities, a comprehensive index, a glossary, and an Appendix to help with converting units. Points to Ponder are provided throughout the text and are designed to encourage the reader to consider material from different perspectives.

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Book SynopsisThis book is an introduction to oil and gas designed to be both accessible to absolute beginners who know nothing about the subject, and at the same time interesting to people who work in one area (such as drilling or seismic exploration) and would like to know about other areas (such as production offshore, or how oil and gas were formed, or what can go wrong).It begins by discussing oil and gas in the broader context of human society, and goes on to examine what they consist of, how and where they were formed, how we find them, how we drill for them and how we measure them. It describes production onshore and offshore, and examines in detail some instructive mishaps, including some that are well known, such as Deepwater Horizon and Piper Alpha, and other lesser known incidents. It looks at recent developments, such as shale oil, and concludes with some speculation about the future. It includes many references for readers who would like to read further. Mathematical content is minimal.

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Book SynopsisThis book is an introduction to oil and gas designed to be both accessible to absolute beginners who know nothing about the subject, and at the same time interesting to people who work in one area (such as drilling or seismic exploration) and would like to know about other areas (such as production offshore, or how oil and gas were formed, or what can go wrong).It begins by discussing oil and gas in the broader context of human society, and goes on to examine what they consist of, how and where they were formed, how we find them, how we drill for them and how we measure them. It describes production onshore and offshore, and examines in detail some instructive mishaps, including some that are well known, such as Deepwater Horizon and Piper Alpha, and other lesser known incidents. It looks at recent developments, such as shale oil, and concludes with some speculation about the future. It includes many references for readers who would like to read further. Mathematical content is minimal.

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Book SynopsisBringing together leading-edge research and innovative energy markets econometrics, this book collects the author's most important recent contributions in energy economics. In particular, the book:• applies recent advances in the field of applied econometrics to investigate a number of issues regarding energy markets, including the theory of storage and the efficient markets hypothesis• presents the basic stylized facts on energy price movements using correlation analysis, causality tests, integration theory, cointegration theory, as well as recently developed procedures for testing for shared and codependent cycles• uses recent advances in the financial econometrics literature to model time-varying returns and volatility in energy prices and to test for causal relationships between energy prices and their volatilities• explores the functioning of electricity markets and applies conventional models of time series analysis to investigate a number of issues regarding wholesale power prices in the western North American markets• applies tools from statistics and dynamical systems theory to test for nonlinear dynamics and deterministic chaos in a number of North American hydrocarbon markets (those of ethane, propane, normal butane, iso-butane, naptha, crude oil, and natural gas)

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Book SynopsisThis book provides a concise but rigorous appraisal about the future of nuclear power and the presumed nuclear renaissance. It does so by assessing the technical, economic, environmental, political, and social risks related to all aspects of the nuclear fuel cycle, from uranium mills and mines to nuclear reactors and spent fuel storage facilities. In each case, the book argues that the costs of nuclear power significantly outweigh its benefits. It concludes by calling for investments in renewable energy and energy efficiency as a better path towards an affordable, secure, and socially acceptable future.The prospect of a global nuclear renaissance could change the way that energy is produced and used the world over. Sovacool takes a hard look at who would benefit — mostly energy companies and manufacturers — and who would suffer — mostly taxpayers, those living near nuclear facilities, and electricity customers. This book is a must-read for anyone even remotely concerned about a sustainable energy future, and also for those with a specific interest in modern nuclear power plants.Table of ContentsIntroduction: Exploring the "Faustian Bargain" The Nuclear Industry: "Smoking Cigarettes to Keep the Weight Off" Safety and Reliability: Dealing with "Normal Accidents" Unfavorable Economics: "Too Costly to Matter" Environmental Damages: "Cutting Butter with a Chainsaw" Political and Social Concerns: "Broken Plowshare" Energy Efficiency and Renewable Energy: "The Fire Extinguisher" The "Self-Limiting" Future of Nuclear Power; Postscript: The "Hydra-Headed" Fukushima Nuclear Crisis;

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Book Synopsis'The author leavens his discussion of a transition to a sustainable energy mix with the views of three prominent energy experts; following this is an introduction to ‘Goldilocks policy’ and a detailed discussion of its obstacles. The author stresses the importance of factoring in capacity, cost, safety, reliability, and environmental effects in developing a sustainable energy policy.'CHOICEThis book makes the case for a grand energy bargain that recognizes the need to protect the environment from the combustion of fossil fuels while protecting the national and global economies during the transition from fossil fuels to sustainable energy.Our future energy mix depends on choices we make, which depends, in turn, on energy policy. Society is continuing a trend toward decarbonization: the reduction in the relative amount of carbon in combustible fuels. The 21st century energy mix will depend on technological advances, including some advances that cannot be anticipated, and on choices made by society.There are competing visions for reaching a sustainable energy mix. If the energy transition is too fast, it could significantly damage the global economy. If the energy transition is too slow, damage to the environment could be irreversible.The 'Goldilocks Policy for Energy Transition' is designed to establish a middle ground between these competing visions. We need the duration of the energy transition to be just right; we need to adopt a reasonable plan of action that reduces uncertainty for businesses and innovators with predictable public policy while simultaneously minimizing environmental impact.The question of climate change is still unsettled, but enough is known to motivate a transition away from fossil fuels. The transition does not have to be abrupt and catastrophic, however. Historical energy transitions can be a guide to a reasonable duration for making an orderly transition. If we exercise discipline and patience, we can overcome the obstacles to successful implementation of a grand energy bargain.

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Book Synopsis'The author leavens his discussion of a transition to a sustainable energy mix with the views of three prominent energy experts; following this is an introduction to ‘Goldilocks policy’ and a detailed discussion of its obstacles. The author stresses the importance of factoring in capacity, cost, safety, reliability, and environmental effects in developing a sustainable energy policy.'CHOICEThis book makes the case for a grand energy bargain that recognizes the need to protect the environment from the combustion of fossil fuels while protecting the national and global economies during the transition from fossil fuels to sustainable energy.Our future energy mix depends on choices we make, which depends, in turn, on energy policy. Society is continuing a trend toward decarbonization: the reduction in the relative amount of carbon in combustible fuels. The 21st century energy mix will depend on technological advances, including some advances that cannot be anticipated, and on choices made by society.There are competing visions for reaching a sustainable energy mix. If the energy transition is too fast, it could significantly damage the global economy. If the energy transition is too slow, damage to the environment could be irreversible.The 'Goldilocks Policy for Energy Transition' is designed to establish a middle ground between these competing visions. We need the duration of the energy transition to be just right; we need to adopt a reasonable plan of action that reduces uncertainty for businesses and innovators with predictable public policy while simultaneously minimizing environmental impact.The question of climate change is still unsettled, but enough is known to motivate a transition away from fossil fuels. The transition does not have to be abrupt and catastrophic, however. Historical energy transitions can be a guide to a reasonable duration for making an orderly transition. If we exercise discipline and patience, we can overcome the obstacles to successful implementation of a grand energy bargain.

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Book SynopsisModeling the dynamics of energy markets has become a challenging task. The intensification of their financialization since 2004 had made them more complex but also more integrated with other tradable asset classes. More importantly, their large and frequent fluctuations in terms of both prices and volatility, particularly in the aftermath of the global financial crisis 2008-2009, posit difficulties for modeling and forecasting energy price behavior and are primary sources of concerns for macroeconomic stability and general economic performance.This handbook aims to advance the debate on the theories and practices of quantitative energy finance while shedding light on innovative results and technical methods applied to energy markets. Its primary focus is on the recent development and applications of mathematical and quantitative approaches for a better understanding of the stochastic processes that drive energy market movements. The handbook is designed for not only graduate students and researchers but also practitioners and policymakers.

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Book SynopsisThis book examines the political and conceptual metamorphosis of China's oil industry from self-reliance to internationalization. Through the empirical case study of Daqing, the premiere oilfield of the People's Republic of China (PRC) for most of the postwar period and a symbol of industrialization as well as self-reliance, key historical developmental concepts and events are analyzed. Japan's role in stimulating the development of the China's oil industry will also be highlighted as the Japanese government and its business sectors emerged as a supplier of technology and equipment to the Chinese oil industry as well as China's first major oil customer in the early internationalization phase of the PRC's oil industry.Table of ContentsThe Founding of Daqing; Daqing-ism; The Doctrine of Self-Reliance; The Cultural Revolution Interregnum; Looking beyond Self-Reliance; Reliance on Japan.

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Book SynopsisThis book looks at the emergence of China as a major importer and consumer of energy as well as examines contemporary issues within the Chinese oil industry. As China benefits from globalization, what is the impact on China's relations with countries in its neighbouring region when it seeks more oil importation from overseas sources? China's industrial growth in the Pan Pearl River Delta Region is outstripping its oil supply and China is turning to the ASEAN countries connected to its Pearl River tributaries to form a Pan region that acts both as a conduit for oil supply from other sources as well as the supply source itself.Geopolitics in the region represents one of the main obstacles standing in China's way for a regional agreement on maritime resources. Would the pressure on China for more energy translate into tension and conflicts? How will Japan view or compete with China's initiatives in ASEAN given that Japan is still the region's largest investor.After China's landmark energy crisis in 2004, how will China be able to strike a balance between economic growth and energy consumption? With the growing importance of post-industrial debate and environmentalism, what are the implications of post-industrialism for China? For future energy use, how will China utilize the options of alternative energy, energy conservation and reinvigoration of old energy resources to meet its future oil needs?Table of ContentsIntroduction - China Benefits from Globalization; The Emergence of the Chinese Oil Industry in Northeast Asia - Transition from Japan (1978 Daqing Crude Trade) to Russian Oil Relations (Sino-Russian Oil Communiques 2002/2003); The Emergence of the Chinese Oil Industry in Southeast Asia: China-ASEAN Sub-Regionalism - Pan Pearl River Delta (PPRD) Regionalism and Cooperation in Oil Energy; The Emergence of the Chinese Oil Industry and Potential Flashpoints?; Seeking Energy Security: Cooperation and Competition between China, Japan and India; Year 2004: China's Landmark Energy Crisis; The New Energy Superpower's Internal Debates: Development or Environmentalism.

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Book SynopsisEnergy may be the most important factor that will influence the shape of society in the 21st century. The cost and availability of energy significantly impacts our quality of life, the health of national economies, the relationships between nations, and the stability of our environment. What kind of energy do we want to use in our future? Will there be enough? What will be the consequences of our decisions? Everyone has a stake in the answers to these questions and the decisions that are being made to provide energy.Energy in the 21st Century, in its second edition, examines the energy sources that play a vital role in society today, as well as those that may be the primary energy sources of tomorrow. From our reliance on fossil fuels to the quest for energy independence, and the environmental issues that follow each decision, this book delves into the most prominent energy issues of our time. Armed with this information, the reader can think critically about the direction they want this world to take.Table of ContentsA Brief History of Energy Consumption; Fossil Energy - Coal; Fossil Energy - Oil and Gas; Peak Oil; Nuclear Energy; Renewable Energy - Solar Energy; Renewable Energy - Wind Energy; Renewable Energy - Energy from Water; Renewable Energy - Bioenergy and Synfuels; Energy Carrier, Energy Storage and Hybrid Energy Systems; Electricity Generation and Distribution; Energy Economics; Future Issues - Geopolitics of Energy; Future Issues - Energy Forecasts.

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Book SynopsisThis book provides a concise but rigorous appraisal about the future of nuclear power and the presumed nuclear renaissance. It does so by assessing the technical, economic, environmental, political, and social risks related to all aspects of the nuclear fuel cycle, from uranium mills and mines to nuclear reactors and spent fuel storage facilities. In each case, the book argues that the costs of nuclear power significantly outweigh its benefits. It concludes by calling for investments in renewable energy and energy efficiency as a better path towards an affordable, secure, and socially acceptable future.The prospect of a global nuclear renaissance could change the way that energy is produced and used the world over. Sovacool takes a hard look at who would benefit — mostly energy companies and manufacturers — and who would suffer — mostly taxpayers, those living near nuclear facilities, and electricity customers. This book is a must-read for anyone even remotely concerned about a sustainable energy future, and also for those with a specific interest in modern nuclear power plants.Table of ContentsThis book provides a concise but rigorous appraisal about the future of nuclear power and the presumed nuclear renaissance. It does so by assessing the technical, economic, environmental, political, and social risks related to all aspects of the nuclear fuel cycle, from uranium mills and mines to nuclear reactors and spent fuel storage facilities. In each case, this book argues that the costs of nuclear power significantly outweigh its benefits. It concludes by calling for investments in renewable energy, combined heat and power/cogeneration/distributed generation, and energy efficiency as a better path towards an affordable, secure, and socially acceptable future. The prospect of a global nuclear renaissance could change the way that energy is produced and used the world over. Sovacool takes a hard look at who would benefit - mostly energy companies and manufacturers - and who would suffer - mostly taxpayers, those living near nuclear facilities, and electricity customers. It is a must-read for anyone even remotely concerned about a sustainable energy future, and also for those with a specific interest in modern nuclear power plants.

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Book SynopsisEnergy may be the most important factor that will influence the shape of society in the 21st century. The cost and availability of energy significantly impacts our quality of life, the health of national economies, the relationships between nations, and the stability of our environment. What kind of energy do we want to use in our future? Will there be enough? What will be the consequences of our decisions? Everyone has a stake in the answers to these questions and the decisions that are being made to provide energy.Energy in the 21st Century, in its second edition, examines the energy sources that play a vital role in society today, as well as those that may be the primary energy sources of tomorrow. From our reliance on fossil fuels to the quest for energy independence, and the environmental issues that follow each decision, this book delves into the most prominent energy issues of our time. Armed with this information, the reader can think critically about the direction they want this world to take.Table of ContentsA Brief History of Energy Consumption; Fossil Energy - Coal; Fossil Energy - Oil and Gas; Peak Oil; Nuclear Energy; Renewable Energy - Solar Energy; Renewable Energy - Wind Energy; Renewable Energy - Energy from Water; Renewable Energy - Bioenergy and Synfuels; Energy Carrier, Energy Storage and Hybrid Energy Systems; Electricity Generation and Distribution; Energy Economics; Future Issues - Geopolitics of Energy; Future Issues - Energy Forecasts.

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Book SynopsisThe key subjects of the book are policy imperatives, market dynamics and regional developments concerning oil and gas, as well as energy as a whole in China. In addition to national policies and issues, the objective of this book is to study China's regional oil and gas demand, supply and trade, energy balances, and economic development, with projections up till 2030. Particular emphasis will be given to challenges facing the Chinese government in ensuring future oil supplies, pipeline and liquefied natural gas (LNG) imports, energy security, downstream oil refining sector developments, the use of natural gas for power generation, and oil and gas related environmental issues. The impact of China's oil and gas sector developments, market dynamics, rising imports, and overseas investment on the Asia-Pacific region and the world at large are examined.Energy Economy in China also reviews current and future oil refining projects, gas pipelines, LNG import terminals, and emerging new markets in China over the next fifteen years.

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Book SynopsisMost scientists now believe that carbon dioxide concentrations in the atmosphere are rapidly increasing, and that emissions from the burning of fossil fuels is a principal cause. Thus, it is probable that this will affect the climate and lead to global warming.This book familiarizes the non-specialist with alternative sources of energy, pointing out their advantages and disadvantages. The appropriate principles of physics and chemistry involved in each alternative will be presented in an easily digestible manner. The book seeks to better inform the public about specific actions that need to be taken in order to better combat energy problems, and reduce climate change.Table of ContentsIntroduction; What to do about It?; Thermodynamics; Conservation; Fossil Fuels; Alternate Energy Sources; Biofuels; Wind and Water; Solar Energy; Nuclear Energy; Overview.

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Book SynopsisThis book is an up-to-date primer covering the most important subjects in energy economics, with particular attention paid to oil, natural gas, and nuclear energy, and without an excessive amount of mathematics. The first three survey chapters constitute an introductory (and mostly non-technical) short course in modern energy economics. Most of the technical analysis is taken up in the following four chapters, while the last chapter is a completely non-technical summation that can be read independent of the rest of the book. Written in a user-friendly tone, it is suitable as a textbook for undergraduate and/or graduate students, but most of the book should be accessible to anyone with a serious interest in energy economics.Table of ContentsThe World of Energy 1: An Elementary Survey; The World of Energy 2: An Applied Survey; The World of Energy 3: A Modern Survey; An Introduction to Oil Economics; An Introduction to Natural Gas Economics; Economic Theory and Nuclear Energy; Economic Theory and the Great Coal Game; The Final Countdown.

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Book SynopsisThe relationship between the price of oil and the level of economic activity is a fundamental issue in macroeconomics. There is an ongoing debate in the literature about whether positive oil price shocks cause recessions in the United States (and other oil-importing countries), and although there exists a vast empirical literature that investigates the effects of oil price shocks, there are relatively few studies that investigate the direct effects of uncertainty about oil prices on the real economy. The book uses recent advances in macroeconomics and financial economics to investigate the effects of oil price shocks and uncertainty about the price of oil on the level of economic activity.Table of ContentsIntroduction; Univariate Volatility Models; Multivariate Volatility Models; Oil Price Uncertainty; The Asymmetric Effects of Oil Price Shocks; Evidence from Canada.

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Book SynopsisThis book sheds light on how global warming has caused the ongoing environmental disaster in the Arctic, namely its melting. This development, if left unabated, will have a major negative environmental impact, not only on the Arctic itself, but on the entire planet, including the worsening of global warming and rising sea levels. The latter is a major threat to all island countries and all countries having coastlines with open seas with major environmental, social, economic, political and military/security implications. The Arctic melting is bringing about challenges while opening doors for certain opportunities. These are the accessibility of the region's large oil, gas and coal reserves and minerals, including rare earth elements. They are in demand both in the Arctic littoral states (Canada, Denmark/Greenland, Norway, Russia and USA) and the Greater Arctic countries (Iceland, Finland and Sweden) as well as in other parts of the world. In particular, major oil and gas importers (China, India, Japan and South Korea) are interested in the Arctic energy resources, the main non-regional countries with a capability to engage in the region. The obvious importance of the regional energy and mineral resources makes the division of the region among the regional countries crucial. The melting of the Arctic ice will also lead to the availability for at least a few months a year of a Northern Sea Route and a Northwest Passage connecting Europe to North America and the North-Eastern part of Asia. The importance of these northern routes and the Arctic mineral and energy resources is contributing to a growing military presence of mainly the USA and Russia in this region, which could lead to an arms race. This book offers invaluable insights on the issues that have grave implications for energy security and geopolitics in the arctic.Table of ContentsIntroduction (Hooman Peimani); From White to Blue: The Shrinking Arctic Cryosphere (Shawn J Marshall); Possible Changes of the Russian Arctic Environment under the Influence of Natural and Anthropogenic Factors (Vyacheslav Mikhailovich Makeev); The Transnational Arctic and Russia (Nadezhda Klimovna Kharlampyeva); Norway and Russia: Neighbours with Strong Interests in the Arctic (Arild Moe); The Arctic: Geopolitics, International Relations and Energy Security - A View from India (Neil Gadihoke); The Arctic and Japan: Energy Security and Climate Security (Hiroshi Ohta); The Arctic Governance and EU 'oft Power' (Danila Bochkarev).

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Book SynopsisThe revised edition of this book captures new developments in economics and finance. Turning its focus towards the application of Engle's (1982) autoregressive conditional heteroscedasticity (ARCH) in cutting-edge research and a discussion of whether energy prices reflect long memory, this book will keep readers up-to-date with current developments in the literature. It presents twenty-one empirical studies of econometric time series analysis of crude oil, natural gas and electricity markets in face of the rapidly changing dynamics of the energy markets. Amongst them, several studies employ nonlinear time series methods, unlike the standard linear approach commonly used, to reflect the nonlinear nature of the economic system.Two new chapters are included, extending beyond the leading-edge research and innovative energy markets econometrics detailed in the first edition: Chapter 17 examines the effects of oil price changes and speculations on economic activity and Chapter 20 re-evaluates empirical evidence for random walk type behavior in energy futures prices using a statistical physics approach.Table of ContentsCrude Oil Markets: Unit Root Behaviour in Energy Futures Prices; Rational Expectations, Risk and Efficiency in Energy Futures Markets; Maturity Effects in Energy Futures; Business Cycles and the Behavior of Energy Prices; A Cointegration Analysis of Petroleum Futures Prices; Natural Gas Markets: Is There an East - West Split in North American Natural Gas Markets?; Business Cycles and Natural Gas Prices; Futures Trading and the Storage of North American Natural Gas; Electricity Markets: Power Trade on the Alberta-BC Interconnection; Imports, Exports, and Prices in Alberta's Deregulated Power Market; Cointegration Analysis of Power Prices in the Western North American Markets; Crude Oil, Natural Gas, and Electricity Markets: The Cyclical Behavior of Monthly NYMEX Energy Prices; The Message in North American Energy Prices; Testing for Common Features in North American Energy Markets; Volatility Modelling in Energy Markets: Returns and Volatility in the NYMEX Henry Hub Natural Gas Futures Market; Measuring and Testing Natural Gas and Electricity Markets Volatility: Evidence from Alberta's Deregulated Markets; Volatility in Oil Prices and Manufacturing Activity: An Investigation of Real Options; Chaos, Fractals, and Random Modulations in Energy Markets: The North American Natural Gas Liquids Markets are Chaotic; Random Fractal Structures in North American Energy Markets; The Hurst Exponent in Energy Futures Prices; Randomly Modulated Periodic Signals in Alberta's Electricity Market.

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Book SynopsisThis book provides a comprehensive and unique perspective on China's oil and natural gas industry and a practical roadmap to reforms.The book begins with a thorough examination of the status quo of China's oil and natural gas industry. It explores the evolution, transition, and characteristics of the oil industry of China, and unveils the problems that caused ineffectiveness of the oil and petroleum products market, namely, the dominance of monopoly enterprises, price regulation, and restriction to entry. It provides an insightful analysis on the efficiency losses and welfare losses the monopoly system brings to the society as the current system distorts income distribution, violates the principle of fairness, and stands against the market rules and the legal pillars of the Chinese constitution. This book argues that the monopoly system in the oil industry of China results in a variety of toxic influences and that reforms are needed. It then offers a roadmap to reforms in the oil and petroleum products market in an incremental fashion.The findings and proposals of the Chinese version of this book have proved to be successful, as they led to immediate shifts in the policies of the Chinese authorities. This book provides valuable insights into the urgency involved in carrying out reforms in the oil and petroleum products market in China, with concrete and up-to-date statistics, comprehensive and detailed analyses, and authoritative and authentic sources.Table of ContentsEconomic Nature and Significance of Oil and Gas Industry; Formation, Status Quo and Nature of Petroleum Industry System in China; Performance of the Oil Monopoly System; Basic Concept of Reform in Petroleum Industry System; Reform Solutions on Opening The Markets of Crude Oil and Petroleum Products; Political Economic and Transitional Economic Analyses on the Oil System Reform;

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