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This paper investigates the potential for systematic errors in the Energy Information Administration’s (EIA) widely used Annual Energy Outlook, focusing on the near- to midterm projections of energy demand. Based on analysis of the EIA’s 22-year projection record, we find a fairly modest but persistent tendency to underestimate total energy demand by an average of 2 percent per year after controlling for projection errors in gross domestic product, oil prices, and heating/cooling degree days. For 14 individual fuels/consuming sectors routinely reported by the EIA, we observe a great deal of directional consistency in the errors over time, ranging up to 7 percent per year. Electric utility renewables, electric utility...
This paper investigates the potential for systematic errors in the Energy Information Administration’s (EIA) widely used Annual Energy Outlook, focusing on the near- to midterm projections of energy demand. Based on analysis of the EIA’s 22-year projection record, we find a fairly modest but persistent tendency to underestimate total energy demand by an average of 2 percent per year after controlling for projection errors in gross domestic product, oil prices, and heating/cooling degree days. For 14 individual fuels/consuming sectors routinely reported by the EIA, we observe a great deal of directional consistency in the errors over time, ranging up to 7 percent per year. Electric utility renewables, electric utility...
More than 20 countries generate electricity from geothermal resources and about 60 countries make direct use of geothermal energy. A ten-fold increase in geothermal energy use is foreseeable at the current technology level. Geothermal Energy: An Alternative Resource for the 21st Century provides a readable and coherent account of all facets of geothermal energy development and summarizes the present day knowledge on geothermal resources, their exploration and exploitation. Accounts of geothermal resource models, various exploration techniques, drilling and production technology are discussed within 9 chapters, as well as important concepts and current technological developments.
More than 20 countries generate electricity from geothermal resources and about 60 countries make direct use of geothermal energy. A ten-fold increase in geothermal energy use is foreseeable at the current technology level. Geothermal Energy: An Alternative Resource for the 21st Century provides a readable and coherent account of all facets of geothermal energy development and summarizes the present day knowledge on geothermal resources, their exploration and exploitation. Accounts of geothermal resource models, various exploration techniques, drilling and production technology are discussed within 9 chapters, as well as important concepts and current technological developments.
This paper investigates the potential for systematic errors in the Energy Information Administration’s (EIA) widely used Annual Energy Outlook, focusing on the near- to midterm projections of energy demand. Based on analysis of the EIA’s 22-year projection record, we find a fairly modest but persistent tendency to underestimate total energy demand by an average of 2 percent per year after controlling for projection errors in gross domestic product, oil prices, and heating/cooling degree days. For 14 individual fuels/consuming sectors routinely reported by the EIA, we observe a great deal of directional consistency in the errors over time, ranging up to 7 percent per year. Electric utility renewables, electric utility...
As electricity demand increases, policymakers must make decisions about which energy resources will meet future demands. Much of the recent literature has focused on the contribution of new coal power plants to carbon emissions (Milford et al., 2005; Milford et al., 2007; MIT 2007). However, policymakers and industry are increasingly interested in job creation and economic development analyses to understand the full impacts of new electricity generation projects.1 Additionally, economic development impacts are often a critical piece in building public support for wind power projects. The purpose of this research is to look at the specific factors that drive wind-power-related economic development and to better understand...
As electricity demand increases, policymakers must make decisions about which energy resources will meet future demands. Much of the recent literature has focused on the contribution of new coal power plants to carbon emissions (Milford et al., 2005; Milford et al., 2007; MIT 2007). However, policymakers and industry are increasingly interested in job creation and economic development analyses to understand the full impacts of new electricity generation projects.1 Additionally, economic development impacts are often a critical piece in building public support for wind power projects. The purpose of this research is to look at the specific factors that drive wind-power-related economic development and to better understand...
More than 20 countries generate electricity from geothermal resources and about 60 countries make direct use of geothermal energy. A ten-fold increase in geothermal energy use is foreseeable at the current technology level. Geothermal Energy: An Alternative Resource for the 21st Century provides a readable and coherent account of all facets of geothermal energy development and summarizes the present day knowledge on geothermal resources, their exploration and exploitation. Accounts of geothermal resource models, various exploration techniques, drilling and production technology are discussed within 9 chapters, as well as important concepts and current technological developments.
By replacing fossil fuels bioenergy has the potential to reduce greenhouse gas (GHG) emissions, but indirect effects might partly or even completely eliminate this benefit. Production of bio-energy products, such as biofuels for transport, causes several indirect effects through their interactions with the global economic and physical systems. Indirect land-use change leads to GHG emissions – in some cases in the same order of magnitude as the fossil emissions – and loss of nature, but there are other relevant indirect effects as well. Intensification of agricultural production is another indirect effect and could be stimulated more to minimise the undesirable land conversion. However, intensification through increased...
As electricity demand increases, policymakers must make decisions about which energy resources will meet future demands. Much of the recent literature has focused on the contribution of new coal power plants to carbon emissions (Milford et al., 2005; Milford et al., 2007; MIT 2007). However, policymakers and industry are increasingly interested in job creation and economic development analyses to understand the full impacts of new electricity generation projects.1 Additionally, economic development impacts are often a critical piece in building public support for wind power projects. The purpose of this research is to look at the specific factors that drive wind-power-related economic development and to better understand...