Energy Market Evolution in Lieu of Fossil Fuels Use and Renewables Penetration Due to Regulatory Changes

Author(s):  
Alejandro Ibarra-Yunez
F1000Research ◽  
2017 ◽  
Vol 6 ◽  
pp. 1809 ◽  
Author(s):  
Gilbert John Miito ◽  
Noble Banadda

Agricultural biomass is widely recognized as a clean and renewable energy source, with increasing potential to replace conventional fossil fuels in the energy market. Uganda, like other developing countries, has a high dependency (91%) on wood fuel, leading to environmental degradation. With a coffee production of 233 Metric Tonnes per annum, relating to 46.6 Mega Tonnes of coffee husks from processing, transforming these husks into syngas through gasification can contribute to resolving the existing energy challenges. The objective of this article is to briefly review the energy potential of coffee husks through gasification, and how the gasification process could increase energy recoveries for coffee farmers. Previous  findings indicate that the 46.6 Mega Tonnes per year of coffee husks generated in Uganda, with a heating value of 18.34 MJ/kg, is capable of generating 24 GWh of energy. This will address a 0.7% portion of the energy situation in Uganda, while protecting the environment.


Author(s):  
R. K. Bhargava

The three fossil fuels, coal, oil and natural gas, are the major and depletable energy resources of the world. By end of the twentieth century, approximately 85% of the total primary energy consumed globally came from the three fossil fuels. In the last two years or so oil prices have almost doubled, whereas, price of natural gas has also increased at a faster rate. Indications and predictions are that these prices will stay for years to come because of imbalance in supply and demand and political instability in the Middle East and Africa regions. In such a dynamic energy market, companies dealing with energy resources, energy related equipment suppliers and service providers will face a stiffer competition. This paper provides a comprehensive overview of the global energy market emphasizing the following key issues: the status of proven fossil fuels reserves which are recoverable with the today’s technology; trends of production and consumption of major fuels; trends of electric power generation and industrial gas turbine market for power generation; and emissions related issues. A brief discussion on gas monetization and IGCC (Integrated Gasification and Combined Cycle) technology is also included. In addition to presenting an in-depth analysis of the energy related data for the last 2–3 decades, projections are provided for the next two decades (until 2025). The presented data will be useful in identifying world’s areas and countries where potentials for energy related businesses are expected to grow in the coming years. The presented study is a timely topic of discussion in presence of a highly volatile energy market and companion to the theme of the Turbo Expo 2006 “The Global Market and Cooperative Ventures”.


Author(s):  
M. A. Ancona ◽  
M. Bianchi ◽  
L. Branchini ◽  
F. Catena ◽  
A. De Pascale ◽  
...  

Abstract In the last years, the increased demand of the energy market has led to the increasing penetration of renewable energies, in order to achieve the primary energy supply. Simultaneously, natural gas is predicted to play a vital and strategic role in the energy market, on account of its lower environmental impact than other fossil fuels, both as gaseous fuel for stationary energy generation and as liquefied fuel. In particular, the Liquefied Natural Gas (LNG) is becoming interesting in transports as an alternative to diesel fuel, allowing a decrease in pollutant emissions and a reduction in fuel’s costs for the users. As a consequence, in this context, the LNG production process can be seen as an electrical storage system by the integration with renewables, becoming an interesting solution to avoid the issues related to intermittency and unpredictability of renewables. The aim of the paper is the development of a calculation code and the evaluation of the off-design operation of a LNG production plant coupled with wind renewable energy sources. With this purpose, on the basis of mathematical models from literature, a dedicated calculation code has been developed, able to thermodynamically analyze both design and off-design operation of the integrated process. In addition, in this study the proposed model is employed to investigate the correct integration between renewables and LNG generation, in order to define the optimal choice of the wind size for a given LNG production plant. With this purpose, the LNG plant size of a real prototype has been considered and an economic analysis has been carried out, accounting for the revenue of the LNG sale, the costs for NG purchase, for operation and maintenance and for the initial investment costs, but also with the aim to minimize the electricity introduction into the grid, considered in this study as a penalty.


Growing awareness of future problems of supplies of hydrocarbon fuels enhances the importance of nuclear power in meeting continuing growth in the demand for energy, and of electricity as the route for the deployment of nuclear power. Acceleration of the growth of the electricity share of the total energy market and of the substitution of electricity for other fuels will entail the reversal of some of the trends of the past decade in the United Kingdom. The scope for innovation in the technology of conversion of fossil fuels to electricity will be limited in the United Kingdom by future contraction in investment in fuel-fired generating plant. Uncertainty about primary fuel supplies and prices in the medium term calls for flexibility in fuel use during the transition to a mainly nuclear system. A continuing task is the harmonization of the expansion of electricity production with the preservation of the environment.


2019 ◽  
Vol 124 ◽  
pp. 04018
Author(s):  
E. A. Konnikov ◽  
K. V. Osipova ◽  
N. A. Yudina ◽  
E.P. Korsak

The energy crisis of 1973-1974 showed that it is difficult to constantly increase the power supply of production, based only on traditional energy sources. The power supply of society is the basis of its scientific and technological progress. It means that it is necessary to introduce unconventional, alternative energy sources more widely. Unlike fossil fuels, unconventional forms of energy are not limited to geologically reserves. Their use and consumption does not lead to the inevitable exhaustion of stocks. However, currently, the reform of world energy markets and increasing the share of renewable energy sources in their structure is a long and innovative process. Lots of countries (Russia in particular) bear significant risks because of reforming their own energy market, which causes a slight increase in the share of renewable energy sources. In this regard, the purpose of this study is to analyse the influence of environmental factors on the development of renewable energy sources in Russia. The result of this study is a system of econometric equations, which allows to evaluate the impact of changes in key drivers of the development of the renewable energy market.


2021 ◽  
Author(s):  
Olga Klepanchuk

In the study devoted to the identification of priority areas for structural transformation of the energy market of Ukraine, a sectoral analysis of production and consumption of energy sources was conducted. It is substantiated that the development of the domestic energy market of Ukraine is characterized by significant sectoral inequality. It is noted that the demand and supply of energy in 2014-2019 decreased, mainly due to the reduction of production and consumption of fossil fuels. It was found that the state monopoly in most energy market sectors has a negative impact on the production, transmission, supply and distribution of energy resources. Total energy production decreased, mostly due to decarbonization, while non-energy consumption of fossil fuels increased. It is shown that the satisfaction of market needs in energy resources of domestic production is insufficient due to insufficient investment, low level of technological re-equipment, lack of pricing, loss of human resources and significant market opacity. There is a high probability of insufficient supply of energy resources, which could lead to a crisis in the domestic market for energy consumption. The main obstacles to the effective development of the energy market are over-regulation, significant monopolization of generation, supply and distribution of resources. The rapid technological renewal of enterprises in the industry is affecting the rapid change in the structure of their costs, which highlights the corruption risks associated with government subsidies. Insufficient substantiation and unsystematic structural transformations of the industry, lack of funding sources and legislative gaps were noted, which negatively affects the competitiveness of domestic market operators. There is an urgent need for institutional provision of conditions of fair competition, liberalization of pricing, growth of energy efficiency and security of energy supply, the issue of Ukraine’s accession to the Fourth EU Energy Package is acute. The target of market stabilization is to reduce the gap in the balance of supply with the simultaneous growth of the share of domestic production, which will improve Ukraine’s foreign trade balance, increase contributions to the budgets of various levels and create new jobs.


2002 ◽  
Vol 17 (1-2) ◽  
pp. 50-63
Author(s):  
Miodrag Mesarovic

Nuclear option is in a unique position to restore its original role of the main source of energy with an increased attention paid to the security of electricity supply as well as regulatory changes affecting fossil fuels, particularly with due introduction of climate change prevention measures. Recent developments indicate the advantages of nuclear option over other possible options in terms of sustainable development. However, a large number of controversial issues on nuclear energy make its reversal less clear. These are discussed with particular attention paid to recent developments worldwide, including the World Summit on Sustainable Development held in September 2002 in Johannesburg, South Africa.


Energies ◽  
2021 ◽  
Vol 15 (1) ◽  
pp. 127
Author(s):  
Kim Youngok ◽  
Yi Eunkyung ◽  
Son Hyunik

Leading countries are developing clean energy to replace fossil fuels. In this context, Russia is changing its energy policy towards fostering new energy resources, such as hydrogen and helium. Hydrogen will not only contribute to Russia’s financial revenue by replacing natural gas, but will also provide a basis for it to maintain its dominance over the international energy market by pioneering new energy markets. Russia is aiming to produce more than two million tons of hydrogen fuel for export to Europe and Asia by 2035. However, it is facing many challenges, including developing hydrogen fuel storage systems, acquiring the technology required for exporting hydrogen, and building trust in the fuel market. Meanwhile, South Korea has a foundation for developing a hydrogen industry, as it has the highest capacity in the world to produce fuel cells and the ability to manufacture LNG: (liquefied natural gas) carriers. Therefore, South Korea and Russia have sufficient potential to create a new complementary and reciprocal cooperation model in the hydrogen fuel field. This study examines the present and future of Russia’s energy policy in this area as well as discusses South Korea and Russia’s cooperation plans in the hydrogen fuel sector and the related implications.


2021 ◽  
Vol 129 ◽  
pp. 05015
Author(s):  
Stanislav Zabojnik ◽  
Marius Hricovsky

Research background: Slovak energy sector is based on older strategic documents setting national interests within energy policy and energy security (before 2014). “Fit for 55 package” proposed by European Commission in July 2021 is one of the most politically ambitious projects after WW2 and brings crucial changes for EU27 energy systems, especially for CEE countries. Purpose of the article: To analyze the potential impact of the “Fit for 55 package” objectives and consequences on the energy system of the Slovak Republic in terms of fossil fuels substitutes. Methods: Authors use Energy Balance Sheet (EBS) to outline the unprecedented impact of the EU policy on the Slovak energy system and alternative scenarios for its development. Simulating the impact of CO2 emissions cuts via Gretl software, the authors outline crucial changes in the energy system and subsequent energy shortages within the Slovak energy market, which have to be replaced (in electricity generation, natural gas, and transportation fuels). Findings & Value added: According to the authors´ findings, possible substitutes (hydrogen or renewable energy sources) will not fully cover the future demand, and authors suggest possible solutions. Secondly, the impact on transportation capacities and energy transportation corridors are outlined. Finally, the authors stress that political efforts oversize economic and energy reality, especially in Slovakia, and policymakers should better consider the specifics of the CEE energy systems and allocate financial grants for the upgrade of transport corridors


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