Robustness of Norway Economy and Energy Supply/Demand

2017 ◽  
Vol 8 (2) ◽  
pp. 1-19 ◽  
Author(s):  
Alireza Aslani ◽  
Maryam Hamlehdar ◽  
Reza Saeedi
Keyword(s):  
Electricity Markets ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
Energy Sector ◽  
Good Choice ◽  
Energy Utilization ◽  
Economic Stability ◽  
High Dependency ◽  
Strategic Role ◽  
The Impact

Energy has a strategic role in the social and economic development of the countries all over the world. Due to the high dependency on fossil fuels, fluctuations in prices and supply have macro/micro-economics effects for both energy exporters and importers. Therefore, understanding economic stability based on energy market changes is an important subject for policy makers and researchers. Norway, as a fossil fuel export country, is a good choice for the analysis of the relationships between the economics robustness and fossil fuel economics fluctuations. While the country is one of the pioneers in the field of sustainable energy utilization, they have tried to provide a robust economic situation for the oil exports revenues. In this article, the effects of energy changes on the economy are investigated in Norway. In this regard, first, the impact of oil price on macro-economic parameters is discussed. Afterwards, the main issues related to the energy economics including resilience of the energy sector, energy policies, economics analysis of the energy sector, and the electricity markets are discussed.

Analysis of the Robustness of Norway's Economy and Energy Supply/Demand Fluctuations

2019 ◽  
pp. 215-241
Author(s):  
Maryam Hamledar ◽  
Reza Saeidi ◽  
Alireza Aslani
Keyword(s):  
Electricity Markets ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
Energy Sector ◽  
Good Choice ◽  
Energy Utilization ◽  
Economic Stability ◽  
High Dependency ◽  
Oil Export ◽  
The Impact

The high dependency on fossil fuels, fluctuations in prices and supply have macro/micro-economics effects for both energy exporters and importers. Therefore, understanding economic stability based on energy market changes is an important subject for policymakers and researchers. Norway, as a fossil fuel exporting country, is a good choice for the analysis of the relationships between economic robustness and fossil fuel economic fluctuations. While the country is one of the pioneers in the field of sustainable energy utilization, they have tried to provide a robust economic environment for oil export revenues. In this chapter, the impacts of energy changes on the economy are investigated in Norway. In this regard, first, the impact of oil prices on macro-economic parameters is discussed. Afterwards, the main issues related to energy economics including resilience of the energy sector, energy policies, economics analysis of the energy sector, and the electricity markets are discussed.

scholarly journals Analysis of the Robustness of Australia Economy and Energy Supply/Demand Fluctuation

2017 ◽  
Vol 11 (2) ◽  
pp. 35-48 ◽  
Author(s):  
Alireza Aslani ◽  
Mohsen Rezaee ◽  
Seyed Mostafa Mortazavi
Keyword(s):  
Electricity Markets ◽  
Energy Supply ◽  
Fossil Fuels ◽  
Energy Sector ◽  
Energy Prices ◽  
Economic Stability ◽  
Policy Makers ◽  
High Dependency ◽  
Strategic Role ◽  
The Impact

Abstract Energy has a strategic role in social and economic development of the countries. Due to the high dependency of energy supply to fossil fuels, fluctuations in prices and supply have macro/micro-economics effects for both energy exporters and importers. Therefore, understanding economic stability based on energy market changes is an important subject for policy makers and researchers. As the competitiveness of Australia products/services has high dependency on energy prices, analyzing the relationships of economics robustness with fossil fuel fluctuations is important for the policy makers and researchers. In this paper, the researchers investigate the effects of energy changes on Australian economics. In this regard, first, the impact of oil price on macro-economic parameters is discussed. After that, the main issues related to energy economics including resilience of the energy sector, energy policies, economics analysis of the energy sector, electricity markets are discussed.

Robustness of US Economy and Energy Supply/Demand Fluctuations

2017 ◽  
Vol 6 (4) ◽  
pp. 1-15 ◽  
Author(s):  
Alireza Aslani ◽  
Morteza Niknejad ◽  
Amin Maghami
Keyword(s):  
Electricity Markets ◽  
Energy Supply ◽  
Fossil Fuels ◽  
Energy Sector ◽  
Energy Utilization ◽  
Energy Prices ◽  
High Dependency ◽  
The Us ◽  
Demand Fluctuations ◽  
The Impact

Energy has a strategic role in social and economic development of the countries. Due to the high dependency of energy supply on fossil fuels, fluctuations in prices and supply have macro/micro-economics effects for both energy exporters and importers. Therefore, understanding economic stability based on energy market changes is an important subject for policy makers and researchers. The US, as the first energy consumer in the world, is an interesting country to analyze the relationships of economics robustness with fossil fuel economic-fluctuations. While the country has one of the pioneers in domestic energy utilization, the competitiveness of the country is highly dependent on energy prices. In this paper, the researchers investigate the effects of energy changes on the economics of the US. First, the impact of oil price on macro-economic parameters is discussed. After that, the main issues related to energy economics including resilience of the energy sector, energy policies, economics analysis of the energy sector, electricity markets are discussed.

Global Potential of Biomass: Heat, Electricity and Liquid and Gaseous Fuels Markets

2006 ◽  
Author(s):  
Jude Iyinbor ◽  
Ogunrinde Abayomi
Keyword(s):  
Environmental Effects ◽  
Alternative Energy ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
Energy Utilization ◽  
Energy Sources ◽  
Gaseous Fuels ◽  
Alternative Energy Sources ◽  
Oil Sector ◽  
Market Factors

Negative environmental effects, diminishing fossil fuel sources and soaring oil prices are some of the pertinent factors militating against the long term usage of fossil fuels. These make the introduction of alternative energy sources an integral part of our global energy plan. On the contrary, established fossil fuel infrastructures, flexibility of fossil fuels and economic gains from the oil sector are a few reasons why there is a global attitude of ‘drill the last drop before developing sustainable alternatives’. There are various energy sources that have little environmental effects and are sustainable (e.g. wind, geothermal, solar, hydro, biomass, e.t.c.), but the potentials they do have when it comes to the major energy utilization forms (heat, electricity and liquid and gaseous fuels) will be a key determinant of how alternative energy sources will be able to match the seemingly invincible presence of fossil fuels. The biomass option is examined in this report considering its potential with respect to heat, electricity and liquid and gaseous fuels market. Factors that may favour or hinder its potential and suitable solutions on how the potential can be increased are also discussed.

scholarly journals The impact of human and livestock respiration on CO2 emissions from 14 global cities

2020 ◽  
Author(s):  
Qixiang Cai ◽  
Ning Zeng ◽  
Fang Zhao ◽  
Pengfei Han ◽  
Di Liu ◽  
...  
Keyword(s):  
Urban Areas ◽  
Fossil Fuels ◽  
Carbon Budget ◽  
Fossil Fuel ◽  
Large City ◽  
Global Scale ◽  
Emissions Inventory ◽  
Budget Analysis ◽  
The Impact ◽  
Fossil Fuel Emissions

Abstract BackgroundThe CO2 released by humans and livestock through digestion and decomposition is an important part of the urban carbon cycle. But this part is reraly condidarded in the stuties of city carbon budget since its annual magnitude is lower than that of fossil fuel emissions within the boundaries of cities. However, human and livestock respiration may be substantial compared to fossil fuel emissions in areas with high population density such as Manhattan or Beijing. High-resolution datasets of CO2 release from respiration also have rarely been reported on a global scale or in cities globally. Here, we estimate the CO2 released by human and livestock respiration at global and large city scales and then compare it with the carbon emissions inventory from fossil fuels in 14 cities worldwide.ResultsThe results show that the total human and livestock respiration is up to 38.1% of fossil fuel emissions for Delhi among the studied cities. The proportion could be larger than 10% in cities of Sao Paulo, Cape Town and Tokyo. In other cities, it is raletivily small with a proportion around 5%, while Washington DC has the least proportion in 2.8%. In addition, almost 90% of respiratory carbon comes from urban areas in most cities, while up to one-third comes from suburban areas in Beijing on account of the siginificant livestock production.ConclusionThe results suggest that the respiration of humans and livestock represents a significant CO2 source in some cities and is nonnegligible for city carbon budget analysis and carbon monitoring.

scholarly journals Do Fossil-Fuel Price Distortions Impact the Low-Carbon Transition in China’s Energy Intensive Industries?

2022 ◽  
Vol 9 ◽  
Author(s):  
Xiaolei Wang ◽  
Shuang Liang ◽  
Hui Wang ◽  
Shaohua Huang ◽  
Binbin Liao
Keyword(s):  
Fossil Fuels ◽  
Fossil Fuel ◽  
Substitution Effects ◽  
Low Carbon ◽  
Fuel Price ◽  
Price Elasticities ◽  
Price Distortion ◽  
The Impact ◽  
Price Distortions ◽  
Energy Intensive Industries

Energy intensive industries (EIIs) in China are predominantly reliant on fossil fuels. Consequently, such high fossil fuel dependency has amplified carbon emission levels and blocked the low-carbon transition. It is inappropriate to discuss the solution of the dependency before investigating fossil-fuel price distortion and its impact on the industrial energy consumption. Therefore, this paper built a dynamic trans-log cost function model based on provincial panel data of China’s Ells between 2004 and 2016, to investigate inter-fuel substitution effects caused by own price elasticities and cross price elasticities, and analyzed the impact of fossil-fuel price distortions on low-carbon transition. The level of price distortions in coal, gasoline and diesel was evaluated, based on which the CO2 mitigation potentials in China’s EIIs were estimated. Results show that: 1) in each EII sector, the own price elasticities of all fuels were negative while the cross price elasticities among coal, oil and electricity were positive, suggesting substitution effect exists; 2) the average level of price distortions in coal, gasoline and diesel is 7.48, 11.1 and 32.19%, respectively, which means the prices of coal tend to be more market- oriented than the other two fuels; 3) removing coal price distortions can potentially reduce CO2 emissions in China’s EIIs by 905.78 million tons, while the effects of removing oil price distortions were uncertain, unless the substitution of coal for oil was restrained. Therefore, there is still much room for improvement in China’s fossil-fuel market reform. Possible policies are required to improve the production in EIIs and the low-carbon transition by adopting cleaner energy resources to substitute fossil-fuels.

scholarly journals Influence of Fluctuations in Fossil Fuel Commodities on Electricity Markets: Evidence from Spot and Futures Markets in Europe

Energies ◽  
2020 ◽  
Vol 13 (8) ◽  
pp. 1900 ◽  
Author(s):  
Tiantian Liu ◽  
Xie He ◽  
Tadahiro Nakajima ◽  
Shigeyuki Hamori
Keyword(s):  
Natural Gas ◽  
Frequency Domain ◽  
Electricity Markets ◽  
Futures Markets ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
Spillover Effect ◽  
Time Frequency ◽  
Volatility Spillovers ◽  
The Time Domain

Using a fresh empirical approach to time-frequency domain frameworks, this study analyzes the return and volatility spillovers from fossil fuel markets (coal, natural gas, and crude oil) to electricity spot and futures markets in Europe. In the time domain, by an approach developed by Diebold and Yilmaz (2012) which can analyze the directional spillover effect across different markets, we find natural gas has the highest return spillover effect on electricity markets followed by coal and oil. We also find that return spillovers increase with the length of the delivery period of electricity futures. In the frequency domain, using the methodology proposed by Barunik and Krehlik (2018) that can decompose the spillover effect into different frequency bands, we find most of the return spillovers from fossil fuels to electricity are produced in the short term while most of the volatility spillovers are generated in the long term. Additionally, dynamic return spillovers have patterns corresponding to the use of natural gas for electricity generation, while volatility spillovers are sensitive to extreme financial events.

scholarly journals Barriers of Biodiesel Adoption by Transportation Companies: A Case of Malaysian Transportation Industry

2019 ◽  
Vol 11 (3) ◽  
pp. 931 ◽  
Author(s):  
Suhaiza Zailani ◽  
Mohammad Iranmanesh ◽  
Sunghyup Sean Hyun ◽  
Mohd Ali
Keyword(s):  
Fossil Fuels ◽  
Fossil Fuel ◽  
Government Support ◽  
Rapid Rate ◽  
Competitive Pressure ◽  
Transportation Industry ◽  
Policy Makers ◽  
Differentiation Strategy ◽  
The Impact ◽  
Day By Day

The need to develop an alternative fuel to fossil fuel is growing day by day, especially for the transportation industry, as the supply of fossil fuels is limited and is depleting at a rapid rate. One available resource that has emerged recently is biodiesel. However, the usage of biodiesel is very low among transportation companies. An investigation into the barriers of adopting biodiesel by transportation companies is the focus of the present study. A survey of 147 transportation companies in Malaysia was undertaken, and the data gathered were analyzed using partial least squares technique. Lack of government support, lack of environmental–commercial benefits, and lack of competitive pressure were found to be the barriers to biodiesel adoption. The results also indicated that differentiation strategy moderates the impact of lack of government support, lack of customer demand, lack of environmental-commercial benefits and lack of competitive pressure on biodiesel adoption. The results of this study could benefit policy makers by providing them key focus areas in which they can modify their strategies to actively and successfully promote the use of biodiesel among transportation companies in developing countries.

scholarly journals Bio-energy and CO2 emission reductions: an integrated land-use and energy sector perspective

2020 ◽  
Vol 163 (3) ◽  
pp. 1675-1693 ◽  
Author(s):  
Nico Bauer ◽  
David Klein ◽  
Florian Humpenöder ◽  
Elmar Kriegler ◽  
Gunnar Luderer ◽  
...  
Keyword(s):  
Climate Change ◽  
Land Use ◽  
Climate Change Mitigation ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
Energy Sector ◽  
Emission Mitigation ◽  
Model Framework ◽  
Context Variables ◽  
Change Mitigation

AbstractBiomass feedstocks can be used to substitute fossil fuels and effectively remove carbon from the atmosphere to offset residual CO2 emissions from fossil fuel combustion and other sectors. Both features make biomass valuable for climate change mitigation; therefore, CO2 emission mitigation leads to complex and dynamic interactions between the energy and the land-use sector via emission pricing policies and bioenergy markets. Projected bioenergy deployment depends on climate target stringency as well as assumptions about context variables such as technology development, energy and land markets as well as policies. This study investigates the intra- and intersectorial effects on physical quantities and prices by coupling models of the energy (REMIND) and land-use sector (MAgPIE) using an iterative soft-link approach. The model framework is used to investigate variations of a broad set of context variables, including the harmonized variations on bioenergy technologies of the 33rd model comparison study of the Stanford Energy Modeling Forum (EMF-33) on climate change mitigation and large scale bioenergy deployment. Results indicate that CO2 emission mitigation triggers strong decline of fossil fuel use and rapid growth of bioenergy deployment around midcentury (~ 150 EJ/year) reaching saturation towards end-of-century. Varying context variables leads to diverse changes on mid-century bioenergy markets and carbon pricing. For example, reducing the ability to exploit the carbon value of bioenergy increases bioenergy use to substitute fossil fuels, whereas limitations on bioenergy supply shift bioenergy use to conversion alternatives featuring higher carbon capture rates. Radical variations, like fully excluding all technologies that combine bioenergy use with carbon removal, lead to substantial intersectorial effects by increasing bioenergy demand and increased economic pressure on both sectors. More gradual variations like selective exclusion of advanced bioliquid technologies in the energy sector or changes in diets mostly lead to substantial intrasectorial reallocation effects. The results deepen our understanding of the land-energy nexus, and we discuss the importance of carefully choosing variations in sensitivity analyses to provide a balanced assessment.

scholarly journals Renewable Energies as a Substitute for Fossil Fuel Resources in Poland

2021 ◽  
Author(s):  
Aleksander Wasiuta
Keyword(s):  
Renewable Energy ◽  
Fossil Fuel ◽  
Renewable Energy Sources ◽  
Energy System ◽  
Energy Sector ◽  
Electricity Production ◽  
Energy Sources ◽  
Low Carbon ◽  
Transmission Grid ◽  
The Impact

Abstract BackgroundThe characteristic feature of modern energy sector in the EU is the development of environmentally friendly technologies based on renewable energy sources (RES). The use of alternative and RES contributes to resolving not only energy efficiency issues, but many of the environmental, economic and social problems. RES are also one of the priorities of the world's low carbon policy and reducing CO2 emissions into the atmosphere. Growing electrical energy consumption and increasing integration of RES in power systems have led to new challenges, thus it is required to investigate and properly analyze the impact of integrated RES on the power system as a substitute for fossil fuel resources.ResultsThe aim of the article is to show the possibilities of developing RES in Poland in the context of environmental protection, energy self-sufficiency and international obligations. The depletion of primary energy sources and the increase in emissions of greenhouse gases to the atmosphere forces undertaking certain activities, aimed at seeking substitutes for fossil fuels. According to the author’s analysis, RES are the best and safest substitutes for traditional energy resources such as fossil fuel.ConclusionsThe author examines electricity production mix in EU counties and compares it to Polish energy sector. Taking into consideration the transmission network density in Poland, while energy sector changes its structure and expands, the mix of technologies deployed to produce electricity determines the associated burden on transmission networks. Polish energy sector development in the context of modernization of transmission grid provides an opportunity for investors to prepare the energy system for increasing the share of renewable energy sources. In the process of implementing the appropriate solution, the experiences of other countries that have significantly increased the share of renewable energy in the past could be used. This article presents the main areas of action that may facilitate the further integration of different energy sources in the specific context of Poland's changing energy system. Not all integration options will be important for Poland at the same time.

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