Carbon Emissions and Brazilian Ethanol Prices: Are They Correlated? An Econophysics Study

Brazil is one of the largest global producers and exporters of ethanol and in 2017 launched RenovaBio, a programme aiming to mitigate greenhouse gas emissions. In parallel to this domestic scenario, there is rapid growth in the world market of carbon production, as well as complex price relations between fossil and renewable energies becoming increasingly important in recent years. The present work aims to contribute to filling a gap in knowledge about the relationship between Brazilian ethanol and other relevant energy-related commodities. We use a recent methodology (Detrended Cross-Correlation Approach—DCCA—with sliding windows) to analyze dynamically the cross-correlation levels between Brazilian ethanol prices and carbon emissions, as well as other possible-related prices, namely: sugar, Brent oil, and natural gas prices, with a sample of daily prices between January 2010 and July 2020. Our results indicate that (i) in the whole period, Brazilian ethanol has significant correlations with sugar, moderate correlation with oil in the short term, and only a weak, short-term correlation with carbon emission prices; (ii) with a sliding windows approach, the strength of the correlation between ethanol and carbon emissions varies between weak and non-significant in the short term.

Prospects for the Gulf states in 2022

Subject Prospects for the Gulf states in 2022. Significance The six member states of the Gulf Cooperation Council (GCC), especially Saudi Arabia, are enjoying the windfall from a tight global energy market that has pushed up oil and natural gas prices. They have also coped effectively with the healthcare challenges of the COVID-19 pandemic, laying the groundwork for positive economic prospects in 2022.

Performance testing and modeling of a transpired ventilation preheat solar wall : performance evaluation of facilities at Fort Drum, NY, and Kansas Air National Guard, Topeka, KS

This work performed measurement and verification of installed, operational solar wall systems at Fort Drum, NY, and Forbes Field, Air National Guard, Topeka, KS. Actual annual savings were compared estimated savings generated by a solar wall modeling tool (RETScreen). A comparison with the RETScreen modeling tool shows that the measured actively heated air provided by the solar wall provides 57% more heat than the RETScreen tool predicted, after accounting for boiler efficiency. The solar wall at Fort Drum yields a net savings of $851/yr, for a simple payback of 146 years and a SIR of 0.16. RETScreen models indicate that the solar wall system at Forbes Field, Kansas Air National Guard, Topeka, KS saves $9,350/yr, for a simple payback of 58.8 years and a SIR of 0.34. Although results showed that, due to low natural gas prices, the Fort Drum system was not economically viable, it was recommended that the system still be used to meet renewable energy and fossil fuel reduction goals. The current system becomes economical (SIR 1.00) at a natural gas rate of $16.00/MMBTU or $1.60 /therm.