Russia wants to avoid worse ties after US sanctions

2017 ◽  
Keyword(s):  
Content Type ◽  
Energy Projects ◽  
Scale Down ◽  
Nord Stream

Significance Russia's demand that Washington scale down its diplomatic mission staffing is dramatic in tone yet limited in effect. Despite the large number of posts to be cut, this retaliation is a formality and underlines the paucity of options available to Moscow. Impacts Domestic media will present Moscow's retaliation as evidence of President Vladimir Putin's resolute defence of Russian interests. With little hope of a swift end to Western sanctions, Moscow will try to mitigate the effects through evasion or engagement with China. Moscow will lobby EU states to commit to the Nord Stream 2 pipeline despite the new sanctions' implied restrictions on such energy projects.

Greater acceptability, lower compensations required? The impact of perceived net benefits on willingness to accept nuclear energy projects

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Davide Contu ◽  
Elgilani Eltahir Elshareif
Keyword(s):  
United Arab Emirates ◽  
Nuclear Energy ◽  
Cost Benefit ◽  
Willingness To Accept ◽  
Content Type ◽  
Nuclear Plants ◽  
Energy Projects ◽  
The Uk ◽  
The Impact ◽  
Support Cost

Purpose This paper aims to estimate willingness to accept (WTA) hypothetical nuclear energy projects and the impact of net perceived benefits across three countries: Italy, a country without nuclear plants in operation; the UK, a country with nuclear plants in operation and the United Arab Emirates (UAE), which has more recently opted for the inclusion of nuclear energy in its energy mix. These valuations can support cost-benefit analyses by allowing policymakers to account for additional benefits and costs which would be otherwise neglected. Design/methodology/approach Data collection was conducted through online nationwide surveys, for a total of over 4,000 individuals sampled from Italy, the UK and the UAE. The surveys included choice experiments designed to elicit preferences towards nuclear energy in the form of WTA, indicating estimated compensations for welfare worsening changes and questions to measure perceived risks and benefits. Findings The average WTA/Km is the lowest for the case of the UAE. What is more, perceived net positive benefits tend to decrease the WTA required by the UAE respondents? Moreover, across the cases, albeit to a lesser extent with regard to Italy’s case, there is evidence that a more positive benefit perception seems to increase the valuation of environmental and public benefits offered as part of the experiment. Originality/value The contribution of this study is primarily twofold: first, it provides a comparison of WTA values in a context where the availability of choice experiment data is scant; second, it assesses whether and to what extent perceived net positive benefits of nuclear energy impact WTA of nuclear energy projects.

Russia's Baltic pipeline nearly ready but risks remain

2021 ◽  
Keyword(s):  
Content Type ◽  
Bilateral Agreement ◽  
The Us ◽  
Nord Stream ◽  
The Way

Significance Despite this, Biden indicated no change in the US position after a bilateral agreement with Germany effectively paved the way to completing the pipeline. Technically, Nord Stream 2 could begin partially operating in October. Impacts The recent spike in European gas prices to levels unseen since 2008 reinforces the case for Nord Stream 2's speedy completion. EU energy diversification, with a focus on renewables, poses long-term questions about the viability of both the Nord Stream pipelines. From October, Hungary will switch to Gazprom gas supplied via Serbia and Austria instead of through Ukrainian pipelines.

June summits signal progress on EU-US trade ties

2021 ◽  
Keyword(s):  
Corporate Taxation ◽  
Gas Pipeline ◽  
Security Technology ◽  
Content Type ◽  
Transatlantic Cooperation ◽  
The Us ◽  
Us Government ◽  
Nord Stream ◽  
High Level ◽  
Two Sides

Significance The two sides have suspended tariffs arising from their dispute over subsidies to Airbus and Boeing, are working on an international deal on corporate taxation and have established a high-level council to discuss issues at the nexus of security, technology and trade. Impacts A major aim of closer transatlantic cooperation is better coordination of policies with respect to China. Closer transatlantic cooperation over China might soften US opposition to the Nord Stream 2 gas pipeline. It will be difficult for the US government to pass legislation concerning trade given the Democrats' precarious majority in both houses.

Supply chain integration opportunities for the offshore wind industry

2016 ◽  
Vol 10 (2) ◽  
pp. 191-220 ◽  
Author(s):  
Ivan Francisco Martinez Neri
Keyword(s):  
Supply Chain ◽  
Wind Farm ◽  
Supply Chain Integration ◽  
Offshore Wind ◽  
Unit Of Analysis ◽  
Content Type ◽  
Energy Projects ◽  
State Of Research ◽  
And Performance ◽  
Manufacturing Environments

Purpose This paper surveys the literature on supply chain integration (SCI) to identify the state of research in the various types of studied industries and manufacturing environments. The purpose of this paper is to identify academic discoveries that could provide offshore wind projects with means to overcome their current supply chain challenges. Design/methodology/approach A comprehensive literature review was conducted involving 162 articles published in 29 peer-reviewed journals. The papers were analyzed in terms of the dimensions of SCI, research methodology, unit of analysis, level of analysis, type of industry and manufacturing environment being studied, integrative practices, integrative barriers and the link between SCI and performance. Findings While SCI has been evolving to become an influential topic in the field of supply chain management, scholars have overlooked industrial contingencies by ignoring the differences between the studied industrial contexts, especially project-based manufacturing environments. The present review also reveals that no study of SCI has been conducted on the construction of renewable energy projects. Another finding is that case studies and research articles using networks as a unit of analysis are underrepresented. Originality/value This is the first work to advocate for an industrial contingency approach in the analysis of SCI. Thus, it proposes the offshore wind farm-construction industry as a potential study subject to broaden the knowledge in SCI in project manufacturing environments.

Auction sales presage Gazprom European effort

2015 ◽  
Keyword(s):  
Pipeline Construction ◽  
Content Type ◽  
Sales Strategy ◽  
Eu And Us ◽  
Nord Stream

Significance Gazprom held its first auctions, for Nord Stream gas, on September 7-10. Auctions represent a departure in Gazprom's sales strategy, and suggest that it is exploring alternatives to oil indexation and long-term contracts. Auction sales would allow Gazprom to sell more gas from the currently under-utilised Nord Stream pipeline, and could form the basis for gas sales from its proposed expansion. Both Nord Stream auctions sales and expansion would advance Gazprom's objective of bypassing Ukraine for gas transit to Europe. Impacts Auction sales would meet CEE states' preference for sourcing Russian gas through Western intermediaries. However, any loss of gas transit via Ukraine will raise concerns in some CEE states and Ukraine on transit fee and strategic grounds. By helping to meet EU TPA requirements, Nord Stream auction sales could reduce regulatory concerns about the line's expansion. EU and US sanctions against Russia do not prohibit Western company involvement in pipeline construction for gas transmission.

Russian oil will survive sanctions but not thrive

2017 ◽  
Keyword(s):  
Oil Industry ◽  
High Tech ◽  
Current Position ◽  
Donald Trump ◽  
Content Type ◽  
Oil Pipeline ◽  
Tengiz Field ◽  
Alternative Sources ◽  
Nord Stream

Subject Impact of old and new sanctions on Russia's oil industry Significance New US sanctions make it harder for President Donald Trump to relax or reverse sanctions on Russia's energy sector but do not radically change existing restrictions. The Russian oil industry has responded since 2014 by seeking alternative sources of capital. Gas firms have been targeted less by restrictions, although the new US bill singles out Gazprom's Nord Stream 2 project for potential punitive action. Impacts Sanctions will not affect Russia's current position as the world's top oil producer. Long-term production will be depressed if ageing fields cannot be replaced with new fields requiring high-tech development. Kazakhstan is keen to stress that the oil pipeline from its Tengiz field to the Russian Black Sea is exempt from sanctions.

Russia plans to enter global hydrogen market

2021 ◽  
Keyword(s):  
Climate Change ◽  
Natural Gas ◽  
Climate Change Mitigation ◽  
Global Markets ◽  
Content Type ◽  
Chamber Of Commerce ◽  
Nord Stream ◽  
Change Mitigation

Significance Interest in hydrogen stems mainly from a recognition that global markets and regulation will change, rather than domestic pressure for climate change mitigation. Natural gas producer Gazprom, liquified natural gas (LNG) specialist Novatek and government-controlled nuclear and hydroelectric companies Rosatom and Rusgidro are expected to play leading roles, but ambitions are modest. Impacts Hydrogen development will be led by firms with interests in natural gas or electricity, both key inputs. The German-Russian Chamber of Commerce will push hydrogen development as a way of marrying bilateral expertise and capacity. There is talk of using the Nord Stream 2 pipeline to carry a hydrogen-methane mix, or even of a dedicated third pipeline.

scholarly journals Financing renewable energy projects in the Dominican Republic: an empirical study

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Angelines Daihana Donastorg ◽  
Suresh Renukappa ◽  
Subashini Suresh
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Empirical Study ◽  
Dominican Republic ◽  
Clean Energy ◽  
Primary Data ◽  
Unique Challenge ◽  
Content Type ◽  
Energy Projects ◽  
Financial Aspect

Purpose Currently, renewable energy (RE) sources represent a crucial pillar in obtaining sustainable development, one of the global goals for all countries. However, this presents a unique challenge for emerging and developing countries. As the technical and financial issues remain a significant barrier in implementing RE projects, several mechanisms are available to aid the financial aspect of investing and implementing clean energy projects. This paper aims to discuss new and traditional trends in the financial area of renewable investment, focusing on the Dominican Republic (DR), identifying the gaps in the financial area regarding RE. Design/methodology/approach An empirical study was conducted in the DR. This country is located at the heart of the Caribbean. Given the complexity of RE and developing countries issues and the scarcity of comparable research in the area, an interpretivist research paradigm along with the qualitative methodology was adopted. Primary data was collected through semi-structured interviews. The study sample includes: directors, chief executive officers and managers responsible for the implementation of RE strategies in their respective departments/organisations. NVivo software was used for data management and the collected data was analysed using content analysis. Findings The research highlighted several severe financial handicaps regarding RE in the DR: The lack of RE assets recognition; lack of RE investment loans; perceived RE risk; and lack of financial guarantor. After extensive interviews with critical actors in the RE sector in the DR, the possible solutions and recommendations for avoiding locking the energy and economic sector in fossil fuel debt are: (a) diversification of RE technology assets recognition, (b) implementation of government RE fund, (c) RE education on all actors and (d) introduction and adoption of new financial trends such as green bonds, bank pooling, cooperatives and more. Originality/value This paper provides information and knowledge related to financial tools and policies that are available for the RE projects in the DR. The results have a socio-economic impact. This research provides a better understanding of the key financial tools to be explored by RE project developers in the developing countries. This study shows the gaps that exist between the knowledge that the stakeholders should possess and the actual knowledge that exists in the country regarding the financial aspect of an RE project.

The commons problem in the presence of negative externalities

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nahid Masoudi ◽  
Donique Bowie
Keyword(s):  
Empirical Literature ◽  
Theoretic Model ◽  
Negative Externalities ◽  
Content Type ◽  
Common Pool ◽  
Markov Perfect ◽  
Scale Down ◽  
The Commons ◽  
Game Theoretic ◽  
Harvest Decisions

PurposeWhile the commons problem and the issues related to the negative externalities of harvesting have been studied extensively, there remains a need to bridge these two streams of studies to comprehensively investigate the implications of the strategic interactions among resource harvesters in the presence of such negative externalities. This paper aims to fill this gap.Design/methodology/approachThe authors study a common-pool harvest problem when the extractive activities leave behind negative externalities which affect the resource growth rate and reduce the stock beyond the extracted levels. Markov perfect noncooperative and optimal solutions are presented under different scenarios regarding considerations of negative externalities into harvest decisions.FindingsResults of the study suggest that, in the presence of such externalities, all parties must scale down their extraction in accordance with their externalities. The resource can be preserved by implementation of such harvest rule. However, failure to incorporate the externalities exacerbates the commons problem and can even lead to exhaustion of the biomass even if countries manage to cooperate and coordinate their harvest. Suggesting that if such externalities are large enough – which empirical literature suggests they are – then recognition and consideration of these externalities in the harvest decisions is as crucial as cooperation.Originality/valueThis paper provides a framework that is capable of incorporating the negative externalities of harvest activities into a bioeconomic game theoretic model and thereby providing a more real-world representation of the state of the common-pool resource management. While, the authors extend a well-known simple model, the model of this research study has the capacity to explain the widespread incidences of resource collapses. Therefore, the important policy implication is that agents should rigorously work together to understand the extent of the negative externalities of their harvests on the resources.

US-Cuba thaw will raise hopes of extractives boost

2016 ◽  
Keyword(s):  
United States ◽  
The United States ◽  
Economic Recovery ◽  
Content Type ◽  
Foreign Companies ◽  
Energy Projects ◽  
Operational Practices ◽  
Capital Injections

Subject Cuba extractive opportunities. Significance US President Barack Obama's recent visit to Cuba has increased hopes of an economic recovery in the isolated island nation. Cuba is said to have almost 250 mining and energy projects in need of investors and is experiencing a sudden, but modest, investment boost thanks to its rapprochement with the United States. Impacts The prospect of the embargo being lifted could encourage more foreign companies to invest now to beat a possible rush. The end of the embargo would be a boon for Canadian mining firms, facilitating investment, operations and sales. While some firms may sell their Cuban operations, others will see capital injections from US companies. Operational practices will face closer scrutiny, necessitating increased investment in raising standards.

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