THE IMPACT OF LONG-TERM THREATS OF CLIMATE WARMING AND A PANDEMIC ON THE GLOBAL OIL MARKET

2021 ◽  
Vol 2 (8) ◽  
pp. 93-105
Author(s):  
O. V. EVSEEVA ◽  
Keyword(s):  
Renewable Energy ◽  
Power Plants ◽  
Fossil Fuels ◽  
Think Tanks ◽  
Oil Companies ◽  
Oil Market ◽  
Warming Climate ◽  
Effective Drugs ◽  
The Impact

The global oil market is currently being heavily impacted by the build-up of renewable energy power plants due to the threat of a warming climate. Many countries have decided to restructure the energy sector to minimize the burning of fossil fuels. This decision reduces the demand for oil and forces a revision of long-term oil market forecasts. The virulent COVID-2019 virus, which emerged in late 19, has caused a massive pandemic. The pandemic has markedly reduced human activity in all countries and, in the absence of effective drugs to deal with this virus and its many strains, poses additional long-term threats to both the global econ-omy and the oil market. This is confirmed by the forecasts of oil companies and think tanks discussed in this article.

Economic consequences of increased bioenergy demand

2014 ◽  
Vol 90 (05) ◽  
pp. 636-642 ◽  
Author(s):  
Craig M.T. Johnston ◽  
G. Cornelis van Kooten
Keyword(s):  
Renewable Energy ◽  
Power Plants ◽  
Fossil Fuels ◽  
Bilateral Trade ◽  
Forest Products ◽  
Economic Consequences ◽  
Wood Pellets ◽  
Trade Model ◽  
Bilateral Trade Flows ◽  
The Impact

Although wind, hydro and solar are the most discussed sources of renewable energy, countries will need to rely much more on biomass if they are to meet renewable energy targets. In this study, a global forest trade model is used to examine the global effects of expanded demand for wood pellets fired with coal in power plants. Positive mathematical programming is used to calibrate the model to 2011 bilateral trade flows. To assess the impact of increased demand for wood pellets on global forest products, we consider a scenario where demand for wood pellets doubles. Findings indicate that production of lumber and plywood is likely to increase in most of the 20 model regions, but outputs of fibreboard, particleboard and pulp will decline as these products must compete with wood pellets for residual fibre. Ultimately, policies promoting aggressive renewable energy targets cause wood pellet prices to more than double in our scenarios, which could increase the cost of generating electricity to such an extent that, in some regions, electricity producers will continue to use fossil fuels as their primary fuel, while some others might find it worthwhile to rely more on nuclear energy for base load power.

scholarly journals Examining the Role of Disruptive Innovation in Renewable Energy Businesses from a Cross National Perspective

Energies ◽  
2021 ◽  
Vol 14 (15) ◽  
pp. 4447
Author(s):  
Hokey Min ◽  
Yohannes Haile
Keyword(s):  
Renewable Energy ◽  
Natural Resources ◽  
Fossil Fuels ◽  
Weather Conditions ◽  
Disruptive Innovation ◽  
Production Costs ◽  
Developed Economies ◽  
Sustainable Value ◽  
National Perspective ◽  
The Impact

With a growing demand for safe, clean, and affordable energy, countries across the world are now seeking to create and rapidly develop renewable energy (RE) businesses. The success of these businesses often hinges on their ability to translate RE into sustainable value for energy consumers and the multiple stakeholders in the energy industry. Such value includes low production costs due to an abundance of natural resources (e.g., wind, water, sunlight), and public health benefits from reduced environmental pollution. Despite the potential for value creation, many RE businesses have struggled to create affordable energy as abundant as that which is produced by traditional fossil fuels. The rationale being that traditional RE sources emanating from natural resources tend to rely on unpredictable weather conditions. Therefore, to help RE businesses deliver sustainable value, we should leverage disruptive innovation that is less dependent on natural resources. This paper is one of the first attempts to assess the impact of disruptive innovation on RE business performances based on the survey data obtained from multiple countries representing both emerging and developed economies.

Kazakhstan: Assessment of Renewable Energy Support and a Green Economy

2021 ◽  
Vol 12 (3) ◽  
pp. 631
Author(s):  
Sergey BESPALYY
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
The State ◽  
Green Economy ◽  
Energy Sources ◽  
Environmentally Sustainable ◽  
The Government ◽  
The Impact

The growth of renewable energy sources (RES) shows the desire of the government of Kazakhstan to meet challenges that affect the welfare and development of the state. National targets, government programs, policies influence renewable energy strategies. In the future, renewable energy technologies will act as sources of a green economy and sustainable economic growth. The state policy in the field of energy in Kazakhstan is aimed at improving the conditions for the development and support of renewable energy sources, amendments are being made to provide for the holding of auctions for new RES projects, which replaces the previously existing system of fixed tariffs. It is expected that the costs of traditional power plants for the purchase of renewable energy will skyrocket, provided that the goals in the field of renewable generation are achieved. This article provides an assessment of international experience in supporting renewable energy sources, as well as analyzes the current situation in the development of renewable energy in Kazakhstan and the impact on sustainable development and popularization of the «green» economy. The study shows that by supporting the development of renewable energy sources, economic growth is possible, which is achieved in an environmentally sustainable way.

scholarly journals Transient Impact Analysis of High Renewable Energy Sources Penetration According to the Future Korean Power Grid Scenario

2018 ◽  
Vol 10 (11) ◽  
pp. 4140 ◽  
Author(s):  
Seungchan Oh ◽  
Heewon Shin ◽  
Hwanhee Cho ◽  
Byongjun Lee
Keyword(s):  
Renewable Energy ◽  
Power System ◽  
Electric Power ◽  
Power Plants ◽  
Transient Stability ◽  
Impact Analysis ◽  
Renewable Energy Sources ◽  
Electric Power System ◽  
Energy Sources ◽  
The Impact

Efforts to reduce greenhouse gas emissions constitute a worldwide trend. According to this trend, there are many plans in place for the replacement of conventional electric power plants operating using fossil fuels with renewable energy sources (RESs). Owing to current needs to expand the RES penetration in accordance to a new National power system plan, the importance of RESs is increasing. The RES penetration imposes various impacts on the power system, including transient stability. Furthermore, the fact that they are distributed at multiple locations in the power system is also a factor which makes the transient impact analysis of RESs difficult. In this study, the transient impacts attributed to the penetration of RESs are analyzed and compared with the conventional Korean electric power system. To confirm the impact of the penetration of RESs on transient stability, the effect was analyzed based on a single machine equivalent (SIME) configuration. Simulations were conducted in accordance to the Korean power system by considering the anticipated RES penetration in 2030. The impact of RES on transient stability was provided by a change in CCT by increasing of the RES penetration.

scholarly journals The impact of agriculture and renewable energy on climate change in Central and East European Countries

2020 ◽  
Vol 66 (No. 10) ◽  
pp. 447-457
Author(s):  
Nicoleta Mihaela Florea ◽  
Roxana Maria Badircea ◽  
Ramona Costina Pirvu ◽  
Alina Georgiana Manta ◽  
Marius Dalian Doran ◽  
...  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Granger Causality ◽  
Granger Causality Test ◽  
Causality Test ◽  
Gas Emissions ◽  
The Impact

According to the objectives of the European Union concerning the climate changes, Member States should take all the necessary measures in order to reduce the greenhouse gas emissions. The aim of this study is to identify the causality relations between greenhouse gases emissions, added value from agriculture, renewable energy consumption, and economic growth based on a panel consisting of 11 states from the Central and Eastern Europe (CEECs) in the period between 2000 and 2017. The Autoregressive Distributed Lag (ARDL) method was used to estimate the long-term relationships among the variables. Also a Granger causality test based on the ARDL – Error Correction Model (ECM) and a Pairwise Granger causality test were used to identify the causality relationship and to detect the direction of causality among the variables. The results obtained reveal, in the long term, two bidirectional relationships between agriculture and economic growth and two unidirectional relationships from agriculture to greenhouse gas emissions and renewable energy. In the short term, four unidirectional relationships were found from agriculture to all the variables in the model and one unidirectional relationship from renewable energy to greenhouse gas emissions.

scholarly journals Prospects of diversification and ensuring energy safety of Uzbekistan

2019 ◽  
Vol 139 ◽  
pp. 01002 ◽  
Author(s):  
Kahraman Allaev ◽  
Tokhir Makhmudov
Keyword(s):  
Renewable Energy ◽  
Energy Balance ◽  
Power Plant ◽  
Nuclear Power Plant ◽  
Energy Security ◽  
Nuclear Power ◽  
Power Plants ◽  
Current State ◽  
The Republic

The data on the current state of energy in Uzbekistan are given. The need to diversify the structure of the energy balance of the republic is shown, which ensures the energy security of the state in the medium and long term. It is argued that the construction of a nuclear power plant in Uzbekistan is not only expedient, but also necessary. In the future, renewable energy and nuclear power plants will become the basis of energy in Uzbekistan.

scholarly journals Investigation of the K-Mg-Ca Sulfate System as Part of Monitoring Problematic Phase Formations in Renewable-Energy Power Plants

Energies ◽  
2020 ◽  
Vol 13 (20) ◽  
pp. 5366
Author(s):  
Fiseha Tesfaye ◽  
Daniel Lindberg ◽  
Mykola Moroz ◽  
Leena Hupa
Keyword(s):  
Renewable Energy ◽  
Power Plants ◽  
Alkali Metals ◽  
Wind Farms ◽  
Biomass Combustion ◽  
Term Operation ◽  
Binary Phase Diagrams ◽  
Combustion Processes ◽  
And Control

Besides the widely applied hydropower, wind farms and solar energy, biomass and municipal and industrial waste are increasingly becoming important sources of renewable energy. Nevertheless, fouling, slagging and corrosion associated with the combustion processes of these renewable sources are costly and threaten the long-term operation of power plants. During a high-temperature biomass combustion, alkali metals in the biomass fuel and the ash fusion behavior are the two major contributors to slagging. Ash deposits on superheater tubes that reduce thermal efficiency are often composed of complex combinations of sulfates and chlorides of Ca, Mg, Na, and K. However, thermodynamic databases involving all the sulfates and chlorides that would favor a better understanding and control of the problems in combustion processes related to fouling, slagging and corrosion are not complete. In the present work, thermodynamic properties including solubility limits of some phases and phase mixtures in the K2SO4-(Mg,Ca)SO4 system were reviewed and experimentally investigated. Based on the new and revised thermochemical data, binary phase diagrams of the K2SO4-CaSO4 and K2SO4-MgSO4 systems above 400 °C, which are of interest in the combustion processes of renewable-energy power plants, were optimized.

scholarly journals Applications of solar and wind renewable energy in agriculture: A review

2019 ◽  
Vol 102 (2) ◽  
pp. 127-140 ◽  
Author(s):  
Yuliana de Jesus Acosta-Silva ◽  
Irineo Torres-Pacheco ◽  
Yasuhiro Matsumoto ◽  
Manuel Toledano-Ayala ◽  
Genaro Martín Soto-Zarazúa ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
Energy Systems ◽  
Energy System ◽  
Climate Control ◽  
Greenhouse Production ◽  
Renewable Energy Systems ◽  
Greenhouse Crops ◽  
Renewable Energy System ◽  
The Impact

The growing demand for food and the unstable price of fossil fuels has led to the search for environmentally friendly sources of energy. Energy is one of the largest overhead costs in the production of greenhouse crops for favorable climate control. The use of wind–solar renewable energy system for the control of greenhouse environments reduces fuel consumption and so enhances the sustainability of greenhouse production. This review describes the impact of solar–wind renewable energy systems in agricultural greenhouses.

scholarly journals Impact of Electric Vehicle Charging Strategy on the Long-Term Planning of an Isolated Microgrid

Energies ◽  
2020 ◽  
Vol 13 (13) ◽  
pp. 3455
Author(s):  
Jean-Michel Clairand ◽  
Carlos Álvarez-Bel ◽  
Javier Rodríguez-García ◽  
Guillermo Escrivá-Escrivá
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
Energy Use ◽  
Environmental Benefits ◽  
Electric Vehicle Charging ◽  
Power Generation Planning ◽  
Smart Charging ◽  
The Impact ◽  
Ev Charging ◽  
Charging Strategy

Isolated microgrids, such as islands, rely on fossil fuels for electricity generation and include vehicle fleets, which poses significant environmental challenges. To address this, distributed energy resources based on renewable energy and electric vehicles (EVs) have been deployed in several places. However, they present operational and planning concerns. Hence, the aim of this paper is to propose a two-level microgrid problem. The first problem considers an EV charging strategy that minimizes charging costs and maximizes the renewable energy use. The second level evaluates the impact of this charging strategy on the power generation planning of Santa Cruz Island, Galapagos, Ecuador. This planning model is simulated in HOMER Energy. The results demonstrate the economic and environmental benefits of investing in additional photovoltaic (PV) generation and in the EV charging strategy. Investing in PV and smart charging for EVs could reduce the N P C by 13.58%, but a reduction in the N P C of the EV charging strategy would result in up to 3.12%.

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