Nuclear climate ambitions to fall short globally

2021 ◽  
Keyword(s):  
Cost Effectiveness ◽  
Interest Rates ◽  
Energy Security ◽  
Nuclear Power ◽  
Fossil Fuel ◽  
Energy Resource ◽  
Low Carbon ◽  
Content Type ◽  
Fuel Prices ◽  
Financing Costs

Significance Recent increases in fossil fuel prices have reinforced such claims by raising considerations of cost-effectiveness and energy security. Impacts Pressure from pro-nuclear EU states will see nuclear power treated as a sustainable energy resource alongside other low-carbon options. High fossil fuel prices appear to enhance the case for nuclear, but their impacts may be relatively transient if prices fall back. Lasting high prices, bringing higher inflation and interest rates, may affect financing costs, hitting new nuclear investments’ viability.

Impact of fossil fuel prices on electricity prices in Mexico

2019 ◽  
Vol 46 (2) ◽  
pp. 356-371 ◽  
Author(s):  
Bruno Bernal ◽  
Juan Carlos Molero ◽  
Fernando Perez De Gracia
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Fossil Fuel ◽  
Positive Impact ◽  
Electricity Price ◽  
Electricity Prices ◽  
Content Type ◽  
Fuel Prices ◽  
Electricity Rates ◽  
Domestic Electricity

Purpose The purpose of this paper is to examine the impact of fossil fuel prices – crude oil, natural gas and coal – on different electricity prices in Mexico. The use of alternative variables for electricity price helps to increase the robustness of the analysis in comparison to previous empirical studies. Design/methodology/approach The authors use an unrestricted vector autoregressive model and the sample covers the period January 2006 to January 2016. Findings Empirical findings suggest that crude oil, natural gas and coal prices have a significant positive impact on electricity prices – domestic electricity rates – in Mexico in the short run. Furthermore, crude oil and natural gas prices have also a significant positive impact on electricity prices – commercial and industrial electricity rates. Originality/value Two are the main contributions. First, this paper explores the nexus among crude oil, natural gas, coal and electricity prices in Mexico, while previous studies focus on the US, UK and some European economies. Second, instead of using one electricity price as a reference of national or domestic electricity sector, the analysis considers alternative Mexican electricity prices.

Energy security, uncertainty and energy resource use options in Ethiopia

2017 ◽  
Vol 11 (1) ◽  
pp. 91-117 ◽  
Author(s):  
Dawit Guta ◽  
Jan Börner
Keyword(s):  
Climate Change ◽  
Energy Security ◽  
Alternative Energy ◽  
Programming Model ◽  
Energy Resource ◽  
Energy Resources ◽  
Hydroelectric Power ◽  
Content Type ◽  
Sources Of Uncertainty ◽  
Alternative Energy Resources

Purpose Ethiopia’s energy sector faces critical challenges to meeting steadily increasing energy demand given limited infrastructure, heavy reliance on hydroelectric power and underdevelopment of alternative energy resources. The purpose of this paper was to identify optimal least cost investment decisions for integrated energy source diversification. The authors seek to contribute to the relevant literature by paying particular attention to the role of public policy for promoting renewable energy investment and to better understand future energy security implications of various sources of uncertainty. Design/methodology/approach The authors created a dynamic linear programming model using General Algebraic Modelling System software to explore the national energy security implications of uncertainties associated with increasing technological advances and efficiency, and climate change scenarios. Findings To cope with the impacts of drought expected from future climate change on hydroelectric power production, Ethiopia would need to invest in the development of alternative energy resources. Such investment would not only enhance the sustainability and reliability of energy production but also increase costs. Greater rates of technological and efficiency innovations, however, were found to improve electricity diversification and reduce production costs and shadow prices or resource scarcity, and are thus key for enhancing energy security and reducing the risks posed by drought. Originality/value The dynamic linear programming model by the authors represents a flexible sector modelling tool for exploring the sustainability and efficiency of energy resource development pathways and evaluating the effects of different sources of uncertainty on the energy sector.

scholarly journals Global non-fossil fuel consumption: driving factors, disparities, and trends

2019 ◽  
Vol 57 (4) ◽  
pp. 791-810 ◽  
Author(s):  
Jiandong Chen ◽  
Yinyin Wu ◽  
Chong Xu ◽  
Malin Song ◽  
Xin Liu
Keyword(s):  
Fuel Consumption ◽  
Gini Coefficient ◽  
Nuclear Power ◽  
Fossil Fuel ◽  
Decomposition Analysis ◽  
Rate Of Change ◽  
Driving Factors ◽  
Content Type ◽  
Fossil Fuel Consumption ◽  
Index Decomposition

Purpose Non-fossil fuels are receiving increasing attention within the context of addressing global climate challenges. Based on a review of non-fossil fuel consumption in major countries worldwide from 1985 to 2015, the purpose of this paper is to analyze trends for global non-fossil fuel consumption, share of fuel consumption and inequality. Design/methodology/approach The similarities were obtained between the logarithmic mean divisia index and the mean-rate-of-change index decomposition analysis methods, and a method was proposed for complete decomposition of the incremental Gini coefficient. Findings Empirical analysis showed that: global non-fossil fuel consumption accounts for a small share of the total energy consumption, but presents an increasing trend; the level of global non-fossil fuel consumption inequality is high but has gradually declined, which is mainly attributed to the concentration effect; inequality in global non-fossil fuel consumption is mainly due to the difference between nuclear power and hydropower consumption, but the contributions of nuclear power and hydropower to per capita non-fossil fuel consumption are declining; and population has the greatest influence on global non-fossil fuel consumption during the sampling period. Originality/value The main contribution of this study is its analysis of global non-fossil fuel consumption trends, disparities and driving factors. In addition, a general formula for complete index decomposition is proposed and the incremental Gini coefficient is wholly decomposed.

The Valuation of Carbon Bonds Linked with Carbon Price

2016 ◽  
Vol 16 (2) ◽  
pp. 345-359
Author(s):  
Shuhua Zhang ◽  
Zhuo Yang
Keyword(s):  
Differential Equation ◽  
Partial Differential Equation ◽  
Interest Rates ◽  
Carbon Price ◽  
Green Energy ◽  
Low Carbon ◽  
Partial Differential ◽  
Low Carbon Economy ◽  
Fuel Prices ◽  
Carbon Bonds

AbstractThe carbon bonds issued by countries or enterprises can solve the problem of funds in low carbon economy growth. Now most of carbon bonds pay fixed interest rates, and a few pay floating rates. The diversity of carbon bonds can attract more investors to participate green energy projects. The London Accord project group proposed the index linked carbon bonds in the World Band Government Borrowers' Forum in May 2009, and pointed out that the interest paid regularly may be linked to carbon price, governments' carbon emission targets, in-country fossil fuel prices or tariff feed-in prices. In this paper, the interests are considered to be linked with carbon prices in the condition of stochastic risk-free interest rate, and a partial differential equation is established for carbon bond interests. Also, a fitted finite volume method is employed to solve the resulting partial differential equation numerically, and on the basis of the valuation for zero-coupon bonds, the price of carbon bonds is obtained. Finally, some data are utilized for the calibration of the parameters in the established pricing models, and some numerical examples are presented and the effects of parameters on solutions are also demonstrated, which can provide references for the issuers of carbon bonds.

scholarly journals The national-level energy ladder and its carbon implications

2013 ◽  
Vol 18 (4) ◽  
pp. 484-503 ◽  
Author(s):  
Paul J. Burke
Keyword(s):  
Carbon Dioxide Emissions ◽  
Nuclear Power ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
National Level ◽  
Carbon Intensity ◽  
Level Energy ◽  
Low Carbon ◽  
Poor Countries ◽  
Low Carbon Energy

AbstractThis paper uses data for 134 countries for the period 1960–2010 to document an energy ladder that nations ascend as their economies develop. On average, economic development results in an overall substitution from the use of biomass to energy sourced from fossil fuels, and then increasingly towards nuclear power and certain low-carbon modern renewables such as wind power. The process results in the carbon intensity of energy evolving in an inverse-U manner as per capita incomes increase. Fossil fuel-poor countries climb more quickly to the low-carbon upper rungs of the national-level energy ladder and so typically experience larger reductions in the carbon intensity of energy as they develop. Leapfrogging to low-carbon energy sources on the upper rungs of the national-level energy ladder is one route via which developing countries can reduce the magnitudes of their expected upswings in carbon dioxide emissions.

scholarly journals Nuclear Power in Poland’s Energy Transition

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3626
Author(s):  
Janusz Gierszewski ◽  
Łukasz Młynarkiewicz ◽  
Tomasz R. Nowacki ◽  
Jacek Dworzecki
Keyword(s):  
Energy Security ◽  
Nuclear Power ◽  
Nuclear Energy ◽  
Statistical Data ◽  
Interdisciplinary Approach ◽  
Energy Transition ◽  
Low Carbon ◽  
The Subject ◽  
Low Carbon Energy

This article presents an analysis of the future role of nuclear energy in Poland’s path to a low-carbon energy transition. The arguments in favor of implementing nuclear power are to be found on three levels: energy security, economic competitiveness and energy efficiency, and lastly, limited environmental impact. In the process of creating this study, the methodology in the field of security sciences was used, including its interdisciplinary approach. Theoretical methods were used, e.g., critical analysis of scientific sources and comparison of statistical data and empirical methods, e.g., document analysis, comparative analysis. The article is based on an analysis of the literature on the subject, applicable legal acts, and government strategies in the field of energy security. The article contains the results of research no. BS.21.6.13 carried out by a research team from the Pomeranian Academy in Słupsk that allowed to indicate the probable directions of transformation of the energy sector in Poland in the next decade.

Economic assessment of producing and selling biomethane into a regional market

2018 ◽  
Vol 31 (1) ◽  
pp. 60-76 ◽  
Author(s):  
Mattia De Rosa
Keyword(s):  
Anaerobic Digestion ◽  
Fossil Fuel ◽  
Net Present Value ◽  
Energy Resource ◽  
Economic Assessment ◽  
Point Of View ◽  
Organic Substrates ◽  
Present Value ◽  
Economic Point ◽  
Fuel Prices

Biogas is a promising renewable energy resource produced by using anaerobic digestion of organic substrates and it is mainly used to generate electricity by means of biogas engines. Other potential utilisations are growing, e.g. grid injection and biofuels production but, generally, a treatment aimed to increase its quality is mandatory and greater investments are generally required to produce upgraded biogas (biomethane). Despite the increasing of interest on these applications, a lack of information is still present from an economic point of view. The present paper performs an extended economic assessment of upgrading and selling biogas starting from a typical farm-based anaerobic digestion plant in Northern Ireland assumed as reference. Several economic indexes have been considered to assess the economic performance of the upgraded anaerobic digestion plant, namely net present value, pay-back period, profitability index and internal rate of return. Moreover, different scenarios in terms of fossil fuel prices have been analysed. The results show that producing and selling biomethane can be economically feasible if an adequate market is fostered. Optimum anaerobic digestion sizes between 26.9 and 64.4 tonne/y have been found, with correspondent net present value and pay-back period values in the range of £6.7–64.4M and 2.8–7.5 years, respectively, depending on the price scenarios analysed and the economic index chosen. Generally, adopting the net present value as objective function of the optimisation leads to greater anaerobic digestion size than the other indexes for any price scenarios considered. Finally, tougher market conditions (i.e. higher fossil fuel prices) lead to better economic performances of the upgraded anaerobic digestion configuration.

Renewables are raising global power sector efficiency

2017 ◽  
Keyword(s):  
Power Generation ◽  
Nuclear Power ◽  
Business Models ◽  
Low Carbon ◽  
Power Sector ◽  
Content Type ◽  
High Profit ◽  
Transportation Sector ◽  
Global Power ◽  
Electricity Systems

Subject Use of renewable technologies in power generation. Significance Integrating renewable technologies into existing electricity systems has altered the economics of the power market. Traditional generators of coal-fired, gas-fired and nuclear power are adjusting their business models. Impacts Business model transitions in the power sector will create competition for companies with emerging green transition technologies. Splitting high and low carbon risk activities will leave some firms facing uncertain futures, but they may still enjoy high-profit periods. Pressure on gas-fired power generation will put pressure on producers to find new markets, particularly in the transportation sector.

Electric vehicles will struggle in German market

2016 ◽  
Keyword(s):  
Electric Vehicles ◽  
Autonomous Vehicles ◽  
Nuclear Power ◽  
Energy System ◽  
Climate Impact ◽  
Low Carbon ◽  
German Market ◽  
German Government ◽  
Content Type ◽  
Low Carbon Energy

Significance In a belated attempt to invigorate the country's relatively slow embrace of a technology widely seen as central to a low-carbon energy system, the German government introduced new incentives to encourage take-up at the beginning of July. Impacts The development of EVs in Europe will be accelerated by the move towards autonomous vehicles. Competition from outsider manufacturers may limit the German car industry's ability to replicate its traditional strengths in the EV market. The climate impact could be limited if the slowdown in renewables deployment and the effective decline in nuclear power persist.

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