European energy risks persist despite fall in prices

2021 ◽  
Keyword(s):  
Energy Price ◽  
Content Type ◽  
Price Risks

Headline EUROPE: Energy price risks will persist

Value chain approaches to development

2014 ◽  
Vol 4 (1) ◽  
pp. 2-22 ◽  
Author(s):  
Katie D. Ricketts ◽  
Calum G. Turvey ◽  
Miguel I. Gómez
Keyword(s):  
Value Chain ◽  
Smallholder Farmers ◽  
Value Chains ◽  
Export Markets ◽  
Content Type ◽  
Risks And Benefits ◽  
Rainforest Alliance ◽  
Market Opportunities ◽  
Production Practices ◽  
Price Risks

Purpose – The purpose of this paper is to look at the ever-popular, “value-chain approach” for linking smallholder farmers to high value export markets. Conventional wisdom says that value chains undertaken for development purposes redistribute risk and provide benefits and services to participants that are otherwise difficult or impossible to obtain. The authors take a farmer-centric approach and ask farmers participating in these higher value chains if they perceive greater, or different risks and compare results to their conventional counterparts. The authors also ask what benefits they associate with participation and if they believe they believe those benefits are exclusive to value chain participation. Design/methodology/approach – The authors collect data from growers in three different cocoa value chains in Ashanti, Ghana. These chains include one focussed on certified production practices (Rainforest Alliance), one that focussed on high-value product characteristics (Fine Flavor) and a conventional chain, which serves as counterfactual. Findings – The paper finds differences in perceptions of participation risks and benefits – particularly among price risks – that appear to filter based on value chain membership. However, for many risks, value chain participation seems to do little to redistribute potential production shocks. With some exceptions, growers report that many of the benefits they enjoy as a result of participation could feasibly be accessed by other sources. Research limitations/implications – The limitations of this paper are related to sample size. This was managed from a statistical perspective. Social implications – The authors explore how these results might impact the sustainability of the value chain approach and encourage donors and development agencies to be thoughtful and critical about measuring how farmers perceive new market opportunities. Originality/value – The authors believe that this is the first paper prepared to critically investigate the perceived benefits of value chains.

Digging deeper into supply risk: a systematic literature review on price risks

2014 ◽  
Vol 19 (5/6) ◽  
pp. 480-503 ◽  
Author(s):  
Maria Fischl ◽  
Maike Scherrer-Rathje ◽  
Thomas Friedli
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Operations Management ◽  
Future Research ◽  
Manufacturing Companies ◽  
Supply Risk ◽  
Content Type ◽  
Fair Competition ◽  
Research Risks ◽  
Price Risks

Purpose – The purpose of this paper is both to provide an overview of existing knowledge pertaining to the management of price risks in manufacturing companies from an operations management (OM) perspective and to establish an agenda for future research. Risks related to the purchase prices of industrial consumption factors (raw materials, semi-finished/finished goods, auxiliary materials and operating materials) exert an increasing influence on manufacturing companies’ business continuity and economic sustainability. Design/methodology/approach – A systematic literature review was conducted following the literature search approach of vom Brocke et al. (2009). In total, 138 relevant articles were identified, analysed and synthesised. Findings – The literature review reveals that the existing OM literature devotes little attention to price risks and their management in manufacturing companies. In particular, further empirical investigation is required to support decision-making in various risk contexts. Social implications – This paper emphasises that in addition to existing national resource funds and inter-company alliances, alternative concepts are required to secure both stable prices and access to natural resources. Otherwise, in the future, small- and medium-sized companies, along with companies based in countries lacking available resource funds, will not have an opportunity to engage in fair competition. Originality/value – To the best of the authors’ knowledge, this is the first literature review to focus on price as a specific supply risk.

Renewable energy investments with storage: a risk-return analysis

2018 ◽  
Vol 12 (4) ◽  
pp. 714-736 ◽  
Author(s):  
Sarah Krömer ◽  
Nadine Gatzert
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Wind Farm ◽  
Storage Systems ◽  
Storage System ◽  
Downside Risk ◽  
Price Risk ◽  
Energy Price ◽  
Content Type ◽  
Risk Return

Purpose The purpose of this paper is to study investments in renewable energy projects which are jointly operated with an energy storage system, with particular focus on risk-return characteristics from the perspective of private and institutional investors, taking into account resource risk, energy price risk, inflation risk and policy risk. Design/methodology/approach To this end, this paper presents a stochastic discounted cash flow model which is then applied to a wind farm with a pumped hydro storage system. Findings The results show that energy storage systems have the potential to increase the expected present value of future investment cash flows and to hedge (downside) risk. However, to realize this potential, storage systems have to be cost-effective in terms of fixed operation, maintenance, staffing and insurance costs. Also, several key factors are identified which have a considerable influence on the performance of the operation strategy. Originality/value The paper contributes to the literature by conducting an analysis of (downside) risk and return of renewable energy investments with a storage system taking into account stochastic policy, resource, inflation and energy price risk.

The Spanish government faces difficult months ahead

2021 ◽  
Keyword(s):  
Working Class ◽  
Labour Market ◽  
Pension Reform ◽  
Energy Sector ◽  
Socialist Party ◽  
Energy Price ◽  
Content Type ◽  
Labour Policy ◽  
The Government

Significance Spain has been harder hit by rising prices than other EU states. The governing Socialist Party (PSOE) and Unidas Podemos (UP) have clashed over the appropriate response, with the latter favouring partial nationalisation of the energy sector. The governing parties also are at odds over pension reform, the environment and labour policy. Impacts With Spain responding first to the international energy price crisis, its measures will face close EU scrutiny. High household electricity bills are particularly affecting working-class consumers, many of whom vote for the governing parties. The government is unlikely to repeal 2012 labour reforms that have had the effect of liberalising the labour market.

Energy price crunch could undermine EU climate goals

2021 ◽  
Keyword(s):  
Energy Price ◽  
Energy Prices ◽  
Content Type

Headline EUROPE: Energy prices could undermine EU climate goals

Energy price rises may stir Egyptians' anger

2016 ◽  
Keyword(s):  
Energy Price ◽  
Content Type

Headline EGYPT: Energy price rises may stir public anger

Russian rate cuts will slow as price risks are rising

2017 ◽  
Keyword(s):  
Content Type ◽  
Price Risks

Headline RUSSIA: Rate cuts will slow as price risks are rising

Construction of China’s nominal energy condition index

2015 ◽  
Vol 9 (3) ◽  
pp. 311-322 ◽  
Author(s):  
Caiquan Bai ◽  
Yiqing He ◽  
Decai Zhou ◽  
Yi Zhang ◽  
Zhengyi Jiang
Keyword(s):  
Empirical Analysis ◽  
Design Methodology ◽  
Energy Condition ◽  
Condition Index ◽  
Energy Price ◽  
Content Type ◽  
Financial Condition

Purpose The paper aims to know about energy condition’s impacts on inflation comprehensively. Design/methodology/approach This paper constructs China’s energy condition index (ECI) by bringing in three variables (China’s energy price, consumption and production) based on the financial condition index. Findings The result of empirical analysis shows that the index can predict China’s inflation well. Originality/value China’s ECI can predict China’s inflation well.

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