World Energy Outlook and Impact of Oil Prices on Financial Crisis

2013 ◽  
pp. 32-38
Author(s):  
Altan Kolbay
Keyword(s):  
Energy Source ◽  
Financial Crisis ◽  
Energy Demand ◽  
Fossil Fuels ◽  
Oil Prices ◽  
Economic Welfare ◽  
Energy Prices ◽  
Energy Needs ◽  
World Energy ◽  
World Energy Outlook

In this chapter, the correlation of growth in population, economic welfare, and increase in the energy demand is evaluated with examples. The biggest concern of mankind is which sources cover the immense energy demand. It is obvious that fossil fuels are the base energy source, and in order to supply developing energy needs, serious investments are needed in the energy sector. That is why the results of monetary aspects in energy prices and the conditions in leading supplier countries are also evaluated.

Utilization of pomegranate waste-peel as a novel substrate for biodiesel production by Bacillus cereus (MF908505)

2020 ◽  
Vol 4 (3) ◽  
pp. 1199-1207
Author(s):  
Amruta P. Kanakdande ◽  
Chandrahasya N. Khobragade ◽  
Rajaram S. Mane
Keyword(s):  
Energy Source ◽  
Renewable Energy Source ◽  
Renewable Energy ◽  
Bacillus Cereus ◽  
Fossil Fuels ◽  
Biodiesel Production ◽  
Energy Needs

The continuous rising demands and fluctuations in the prices of fossil fuels warrant searching for an alternative renewable energy source to manage the energy needs.

Firm-specific responses to energy policies in Dutch horticulture

2021 ◽  
Author(s):  
Evert Los ◽  
Cornelis Gardebroek ◽  
Ruud Huirne
Keyword(s):  
Energy Demand ◽  
Fossil Fuels ◽  
Model Fit ◽  
Energy Prices ◽  
Energy Policies ◽  
Additional Energy ◽  
Demand Functions ◽  
Policy Debates ◽  
Energy Tax ◽  
Conventional Models

Abstract Reducing the usage of fossil fuels is a central issue in ongoing policy debates. This in particular holds for Dutch horticulture, given its energy-intensive production. We analyse differences in energy usage and price responsiveness of horticultural firms by estimating energy demand functions using a Bayesian random coefficient model. Beyond, the effects of a proposed energy tax are assessed. Allowing for firm-specific energy price coefficients gives a better model fit compared to conventional models with fixed slope parameters. This confirms that firms respond differently to energy prices, which is taken into account in simulating the effects of more restrictive energy policies. The results show that larger-sized firms use less gas per square meter yet also point at a considerable spread in additional energy expenses between firms.

scholarly journals Myth v. Fact

2011 ◽  
Vol 133 (01) ◽  
pp. 24-29 ◽  
Author(s):  
John Reilly ◽  
Allison Crimmins
Keyword(s):  
Energy Demand ◽  
Alternative Energy ◽  
Nuclear Energy ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
Primary Energy ◽  
Electricity Production ◽  
Energy Prices ◽  
Primary Energy Demand ◽  
Business As Usual

This article predicts future global energy demand under a business-as-usual scenario. According to the MIT projections, conventional technology supported by fossil fuels will continue to dominate under a business-as-usual scenario. In fact, in the absence of climate policies that would impact energy prices, fossil fuels will supply nearly 80% of global primary energy demand in 2100. Alternative energy technologies will expand rapidly. Non-fossil fuel use will grow from 13% to 20% by 2100, with renewable electricity production expanding nearly tenfold and nuclear energy increasing by a factor of 8.5. However, those sources currently provide such a small share of the world's energy that even rapid growth is not enough to significantly displace fossil fuels. In spite of the growth in renewables, the projections indicate that coal will remain among the least expensive fuel sources. Non-fossil fuel alternatives, such as renewable energy and nuclear energy, will be between 40% and 80% more expensive than coal.

Has the 'Golden Age of Gas' bypassed Australia?

2019 ◽  
Vol 59 (1) ◽  
pp. 134
Author(s):  
Joshua Stabler
Keyword(s):  
Golden Age ◽  
International Energy Agency ◽  
Gas Production ◽  
Energy Prices ◽  
Energy Agency ◽  
World Energy ◽  
The World ◽  
World Energy Outlook ◽  
Australian Experience ◽  
Domestic Electricity

In June 2011, the International Energy Agency released the 2011 World Energy Outlook (WEO) series that posed the thought-provoking question: ‘Are we entering a golden age of gas?’ In response to this bold question, this paper first investigates the world’s electricity supply by each fuel type and how the WEO expectations have changed over time. This helps define the progress of the world targets for the ‘Golden Age of Gas’. To provide context to Australian gas conditions, this paper delves deeply into two of the most important international markets in the world: USA and China. Each of these countries are placed in the five fastest growing gas production countries in the world but have had substantially different engagements with gas and their domestic electricity profiles. Each country’s response to the electricity generation-source dilemma has resulted in diametrically opposed carbon emission outcomes. Finally, this paper turns to the Australian experience with gas. As the fifth fastest growing gas producing nation, and now the largest liquefied natural gas exporter in the world, Australia has rapidly shifted from energy price isolation to having strong links to international energy prices. These international price linkages have been applied across both gas and coal markets and have occurred simultaneously with the combination of a wave of renewable energy construction, traditional energy generation exit and paralysed government policy. This leaves a revised question: has the Golden Age of Gas passed Australia?

Repositioning gas in the power generation mix

2018 ◽  
Vol 58 (2) ◽  
pp. 647
Author(s):  
Martin Wilkes
Keyword(s):  
Power Generation ◽  
Renewable Energy ◽  
Energy Demand ◽  
International Energy Agency ◽  
Potential Range ◽  
Energy Agency ◽  
Energy Needs ◽  
World Energy ◽  
The One ◽  
The Impact

Since the turn of the century, gas has been highlighted as the transition fuel to a lower emissions world, and, in 2011, the International Energy Agency published a special report entitled ‘Are we entering the golden age of gas’, which indicated that gas use could rise by over 50% to provide more than 25% of world energy demand by 2035. Even though gas use has risen in tandem with the increase in renewable energy, over the past decade, coal has been the fastest growing fuel because developing countries choose cheap power to provide their growing energy needs. Gas has been, and continues to be, subject to a green, cheap squeeze; squeezed by cleaner renewables on the one hand, and cheaper coal on the other. This paper will look at the impact that increasing amounts of renewable energy has on existing power generation and supply systems, and provide insights into the potential range of outcomes in emission levels, and the need to not only discuss renewable energy target, but to also understand the total energy mix, and the need to reposition gas from a transition fuel to the natural long-term companion of renewables.

scholarly journals GREEN ENERGY: AN ANALYTICAL DISCOURSE

2015 ◽  
Vol 77 (4) ◽  
Author(s):  
N. Baluch ◽  
S. Mohtar ◽  
A. S. Ariffin
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
Energy Use ◽  
Oil And Gas ◽  
Clean Energy ◽  
Green Energy ◽  
Energy Prices ◽  
Energy Technologies ◽  
Energy Needs ◽  
To Come

The climate change, the global warming, the population growth and the continuous demand on energy and electricity in specific made renewable energy one of the most appropriate and fitting to answer all these changes of our environment. However, the vested interested groups belonging to the fossil fuel cartel continue working tirelessly to discourage the use of renewable energy and renewable energy solutions in the world. Despite the recusant efforts of the Oil Cartel, renewable energy use has grown much faster than anyone anticipated. This paper: defines green and renewable energy; highlights its benefits; and illustrates that clean energy technologies are prepared for accelerated and widespread expansion in the global power sector. The paper critically examines the recusant efforts of the Oil Cartel undermining green renewable energy sector by bankrolling the production of unconventional oil and gas; and demonstrates that over-reliance on fossil fuels for power generation has significant health, environmental, and economic risks and is not a long-term solution to our energy needs. The paper concludes that a global transition to renewable energy is already underway. Renewable Energy offers an alternative to conventional sources and grants us greater control over future energy prices and supply. The energy choices we make during this pivotal moment will have huge consequences for our health, our climate, and our economy for decades to come.

scholarly journals Model Fuzzy Tsukamoto untuk Klasifikasi dalam Prediksi Krisis Energi di Indonesia

2016 ◽  
Vol 3 (3) ◽  
pp. 185
Author(s):  
Achmad Zaki ◽  
Heru Agus Santoso
Keyword(s):  
Energy Consumption ◽  
Natural Gas ◽  
Energy Demand ◽  
Fossil Fuels ◽  
Fuzzy Inference ◽  
Energy Crisis ◽  
World Energy ◽  
The Government ◽  
Inference Systems ◽  
Safe Condition

Krisis energi dunia juga terjadi di Indonesia. Cadangan energi di Indonesia terutama energi fosil (minyak bumi, batubara, dan gas alam) semakin hari semakin menyusut. Ketersediaan akan energi fosil juga semakin berkurang karena peningkatan konsumsi energi per kapita. Untuk memprediksi krisis energi di Indonesia, paper ini mengusulkan pengembangan sistem inferensi fuzzy sukamoto untuk klasifikasi krisis energi berdasarkan parameter jumlah produksi, konsumsi energi dan faktor penggerak kebutuhan energi, yakni GDP dan populasi penduduk. Luaran dari sistem ini adalah klasifikasi berdasarkan parameter tersebut, yaitu kondisi aman, waspada dan krisis. Hasil eksperimen menunjukan sistem yang dibangun menghasilkan tingkat akurasi pada minyak bumi 90%, batubara 100 % dan gas alam 100%. Dengan adanya sistem ini diharapkan mampu memberikan peringatan dini dan pendukung keputusan bagi pemerintah atau pihak instansi terkait dalam memberikan penangan atau solusi terhadap masalah krisis energi. World energy crisis also occurred in Indonesia. Energy reserves in Indonesia, especially fossil fuels (petroleum, coal, and natural gas) are increasingly shrinking. The availability of fossil energy will also be on the wane because of an increase in energy consumption per capita. To predict the energy crisis in Indonesia, this paper proposes the development of sukamoto fuzzy inference systems for classification energy crisis based on parameters the amount of production, energy consumption and energy demand driven factors, namely GDP and population. Outcomes of this system is the classification based on these parameters, i.e., a safe condition, alert and crisis. The experimental results show the system produce levels of accuracy at 90% petroleum, natural gas 100% and CoA, 100%. This system are expected to provide an early warning and decision support for the government or the relevant agencies in giving the handlers or the solution to the problem of energy crisis. 

scholarly journals A Review of Organic Photovoltaic Energy Source and Its Technological Designs

2017 ◽  
Vol 2017 ◽  
pp. 1-12 ◽  
Author(s):  
Egidius Rutatizibwa Rwenyagila
Keyword(s):  
Energy Source ◽  
Organic Solar Cell ◽  
Fossil Fuels ◽  
Organic Photovoltaic ◽  
Two Dimensional ◽  
Drift Diffusion Model ◽  
Drift Diffusion ◽  
World Energy ◽  
The World ◽  
Modelling Approaches

This study reviews and describes some of the existing research and mechanisms of operation of organic photovoltaic (OPV) cells. Introduced first are problems that exist with traditional fossil fuels that result in most of the world energy challenges such as environmental pollution. This is followed by the description of baseline organic solar cell (OSC) structures and materials. Then, some of the existing modelling approaches that have implemented either a one- or a two-dimensional drift-diffusion model to examine OSC structures are reviewed, and their reproducibility is examined. Both experimental and modelling approaches reviewed are particularly important for more and better designed research to probe practical procedural problems associated with OSCs that hinder the commercialization of OPV technology.

scholarly journals Wood Fuel: An Alternative Energy Source for Agribusiness and Industry

1981 ◽  
Vol 13 (2) ◽  
pp. 91-97
Author(s):  
Glenn C. W. Ames ◽  
Harold O. Baxter
Keyword(s):  
Energy Source ◽  
Alternative Energy ◽  
Fossil Fuels ◽  
Energy Prices ◽  
Wood Fuel ◽  
Alternative Energy Source ◽  
Backup System ◽  
Competitive Price ◽  
Wood Residues ◽  
Whole Tree

Wood fuel is becoming increasingly more important as an alternate energy source because of price and shortages of fossil fuels. Furthermore, energy prices are expected to continue to rise in future years (U.S. Dept. of Energy, pp. 56–72). As a result, agribusiness firms in the Southeast are investigating the feasibility, of utilizing wood residues or whole tree green chips for their fuel supply. Some industries may continue to rely partially on their present gas- or oil-fired systems and add a wood-fired boiler as a backup system. The availability of wood as an industrial fuel at a competitive price is one of the major concerns of these firms.

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