scholarly journals China’s Energy Demand Growth and the Energy Policy Trilemma

Author(s):  
Simon Wensley ◽  
Stephen Wilson ◽  
Jane Kuang
1987 ◽  
Vol 5 (2) ◽  
pp. 141-156 ◽  
Author(s):  
F. Wirl

Issues related to energy problems play an important role in the current public and political discussion. This paper analyses recent energy policy utilizing the Austrian experience and an econometric demand/supply model. The policy failures and the wrong perceptions of the functioning of the national and international energy markets are not limited to Austria but are typical for many other industrialized countries. In addition to the criticism of public policies, the impact from the 1986 collapse in oil prices on the changes in energy demand growth and pattern is investigated.


2019 ◽  
Vol 10 (1) ◽  
Author(s):  
Bas J. van Ruijven ◽  
Enrica De Cian ◽  
Ian Sue Wing

1972 ◽  
Vol 62 ◽  
pp. 61-74
Author(s):  
G.F. Ray

When we last made a medium-term energy forecast, in 1967, we said that it was ‘highly speculative to express any view about the division of …. energy demand between primary fuels and in particular about the demand for coal’ because of two factors: the emergence of natural gas and the degree of protection given to coal. Meanwhile natural gas has been adopted on a substantial scale—it already accounted (in terms of coal equivalent) for about 5 per cent of the supply of primary energy in 1970—and significant deposits of petroleum have been discovered in the North Sea. The flow of oil from this source seems sure to have begun by 1975, and by 1980 a large part of crude oil requirements will be covered by ‘domestic’ supplies, though the quantity available remains uncertain. Social considerations apart, this could throw a different light also on the question of protecting coal. Moreover the EEC might well be operating a common energy policy by the end of the decade and in the meanwhile there are in our view a number of other aspects of present United Kingdom energy policy which in any case call for re-examination. Thus our present forecasts are no less speculative than the earlier ones, though for rather different reasons.


2021 ◽  
Vol 7 ◽  
pp. 26
Author(s):  
S. Richards ◽  
B. Feng

The ability to perform sensitivity analysis has been enabled for the nuclear fuel cycle simulator DYMOND through its coupling with the design and analysis toolkit Dakota. To test and demonstrate these new capabilities, a transition scenario and multi-parameter study were devised. The transition scenario represents a partial transition from the US nuclear fleet to a closed fuel cycle with small modular LWRs and fast reactors fueled by reprocessed used nuclear fuel. Four uncertain parameters in this transition were studied – start date of reprocessing, total reprocessing capacity, the nuclear energy demand growth, and the rate at which the fast reactors are deployed – with respect to their impact on four response metrics. The responses – total natural uranium consumed, maximum annual enrichment capacity required, total disposed mass, and total cost of the nuclear fuel cycle – were chosen based on measures known to be of interest in transition scenarios [2] and to be significantly impacted by the varying parameters. Analysis of this study was performed both from the direct sampling and through surrogate models developed in Dakota to calculate the global sensitivity measures Sobol’ indices. This example application of this new capability showed that the most consequential parameter to most metrics was the share of new build capacity that is fast reactors. However, for the cost metric, the scaling factor of the energy demand growth was significant and had synergistic behavior with the fast reactor new build share.


2019 ◽  
Author(s):  
Uyiosa Omoregie

Crude oil prices fell below the 2009-2014 five-year average in early September 2014. The drastic fall in price was from a monthly peak of $112 per barrel (bbl) in June 2014, falling to $62/bbl in December. Since 2016 the oil and gas market has gone through a period of rebalancing, resulting in modest recovery in prices. Oil price recovery reached a peak of $85/bbl in October 2018. Gas prices have also achieved similar modest price recovery. The industry has now entered an expansion phase: the five largest international oil companies exceeded expectations for 2018. The outlook for gas is encouraging. It is projected that gas will supply the largest share of energy demand growth, supplying over 40% of additional demand by 2035. Also, the United Nations 2015 Paris Agreement on climate change has led to a re-emphasis on gas as a ‘transition’ ‘cleaner’ fuel. A window of opportunity exists for new LNG projects to commence production in anticipation of an undersupplied market (2025-2035). LNG projects provide long and stable dividends for shareholder companies, certain risks found in tight oil and upstream projects are absent.


India's demand growth is likely to outpace that of Brazil, Russia, China and South Africa by 2040


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