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Wind power forecasting is becoming an important tool in electricity markets as the amount of wind power rapidly increases. However, the use of wind power forecasting in market operations and among market participants is still at an early stage. We discuss the current use of wind power forecasting in U.S. ISO/RTO markets, and give recommendations for how to make efficient use of the information in state-of-the-art wind power forecasts.
Categories: Publication;
Types: Citation;
Tags: Wind power,
changing,
comparison,
energy,
implementation,
With the continuing increase in world population, and rising standard of living, more and more water will be necessary to satisfy basic human needs. The global picture with regard to water use and availability is very uneven, and the policy options for major sectoral uses -- rural and urban water supply, agricultural requirements and hydro-electric power generation are explored. The social and environmental implications of water development are briefly discussed. Finally, the question of the availability of adequate water to sustain future world population and development to the year 2000 is analysed. It is concluded that the major problem in the area of water-resources development is not one of the Malthusian spectre...
Categories: Publication;
Types: Citation;
Tags: Integrated,
dimensions,
international,
management,
water
A [`]discount rate' for the consumption of future generations from current investments for their benefit is typically composed of two parts: [`]time preference' and an allowance for the lower marginal utility of consumption due to higher average levels of consumption in the future. Time preference would be involved if one were postponing one's own consumption; it has little or nothing to do with income redistribution, which is what greenhouse abatement is about. A lower marginal utility of consumption is an anomaly in income redistribution: we rarely deliberately transfer consumption from the less to the more well-to-do. Time may serve as a kind of measure of distance; we may prefer beneficiaries who are closer...
Categories: Publication;
Types: Citation;
Tags: International,
business,
corporations,
dynamics,
economic,
In the projects fostered by the NRP the effects of changed climate (atmospheric CO2 concentration, temperature) on different terrestrial ecosystems were studied. For forests it was concluded that the initial stimulation of tree growth in general did not persist after two years, and therefore care must be taken not to overestimate the potential contribution of increased carbon sequestration by forests. On the other hand, shifted patterns of carbon distribution in the tree-soil system may lead to a higher soil organic matter content, which will contribute to an improved soil structure and availability of soil moisture. A sensitivity analysis revealed that, for the poor sandy forest soils, improved rooting depth is...
Categories: Publication;
Types: Citation;
Tags: Assessment,
International,
climate change,
instruments,
policy,
The present paper aims to identify and describe different types of energy consumers in a more comprehensive way than previous segmentation studies using cluster analysis. Energy consumers were segmented based on their energy-related behavioral characteristics. In addition to purchase- and curtailment-related energy-saving behavior, consumer classification was also based on acceptance of policy measures and energy-related psychosocial factors, so the used behavioral segmentation base was more comprehensive compared to other studies. Furthermore, differentiation between the energy-saving purchase of daily products, such as food, and of energy efficient appliances allowed a more differentiated characterization of the...
Renewable energy sources are considered as alternatives for coping with the high price of oil and global warming. The Korean government has set a target that 11% of the total primary energy supply should be obtained through renewable energy sources until 2030. In order to develop proper policies for renewable energy investment, it is necessary to analyze the benefits of renewable energy investment based on households' willingness to pay. This study attempts to apply a choice experiment (CE) for assessing renewable energy investment in Korea. Moreover, we employ a multinomial probit (MNP) model to relax the assumption that all respondents have the same preferences for the attributes being valued, which is usually...
Ecological and economic systems are open systems that require energy to change the thermodynamic states of materials from naturally occurring to more valued forms. These changes are accompanied by information flows and changes in the order of systems and their surroundings. In this paper, thermodynamics is used to assess these system changes and relate them to the knowledge present in a system. Particular emphasis is given to (1) the fundamental relationships among material, energy and information flows, and changes in order and knowledge, (2) the role of equilibrium and non-equilibrium thermodynamics in assessing system change, (3) the increasing role of material and energy flows through economic systems, and (4)...
Categories: Publication;
Types: Citation;
Tags: climate,
institutionalisation,
international,
regime,
trust
With the continuing increase in world population, and rising standard of living, more and more water will be necessary to satisfy basic human needs. The global picture with regard to water use and availability is very uneven, and the policy options for major sectoral uses -- rural and urban water supply, agricultural requirements and hydro-electric power generation are explored. The social and environmental implications of water development are briefly discussed. Finally, the question of the availability of adequate water to sustain future world population and development to the year 2000 is analysed. It is concluded that the major problem in the area of water-resources development is not one of the Malthusian spectre...
Categories: Publication;
Types: Citation;
Tags: Integrated,
dimensions,
international,
management,
water
There is no shortage of U.S. energy policy studies, analyses and recommendations. Each new U.S. administration' and many state govemments seek to develop their own energy policy approach, and yet over time, it seems as if little progress actually is made toward achieving stated energy policy objectives. As an example, consider the following conclusions from a key report. Throughout this decade, oil will remain the single most important commercial fuel, while such other primary and secondary energy sources as natural gas, coal, nuclear power, electricity, and energy from renewable sources must be relied upon increasingly.
Categories: Publication;
Types: Citation;
Tags: International,
U.S.,
economic,
energy,
interdependency,
Wind power forecasting is becoming an important tool in electricity markets as the amount of wind power rapidly increases. However, the use of wind power forecasting in market operations and among market participants is still at an early stage. We discuss the current use of wind power forecasting in U.S. ISO/RTO markets, and give recommendations for how to make efficient use of the information in state-of-the-art wind power forecasts.
Categories: Publication;
Types: Citation;
Tags: Wind power,
changing,
comparison,
energy,
implementation,
The accuracy of hydraulic fracturing stress measurements depends strongly on an accurate interpretation of the fluid pressures recorded during the tests. However, a variety of factors can lead to indistinct instantaneous shut-in or fracture reopening pressures which contributes to uncertainties in the data interpretation. A complex hydrofrac data set from a 1.5 km deep wellbore at Moodus, Connecticut is used here to discuss an interactive system for analysis of pressure, injection rate and accumulated volume as well as the pressurization rate and stiffness of the hydraulic system at various stages of the experiment. The hydraulic fracturing data presented here require a particularly careful inspection of the pressure...
Categories: Publication;
Types: Citation;
Tags: International,
U.S.,
economic,
energy,
interdependency,
There is no shortage of U.S. energy policy studies, analyses and recommendations. Each new U.S. administration' and many state govemments seek to develop their own energy policy approach, and yet over time, it seems as if little progress actually is made toward achieving stated energy policy objectives. As an example, consider the following conclusions from a key report. Throughout this decade, oil will remain the single most important commercial fuel, while such other primary and secondary energy sources as natural gas, coal, nuclear power, electricity, and energy from renewable sources must be relied upon increasingly.
Categories: Publication;
Types: Citation;
Tags: International,
U.S.,
economic,
energy,
interdependency,
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