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Models that treat innovations to the price of energy as predetermined with respect to U.S. macroeconomic aggregates are widely used in the literature. For example, it is common to order energy prices first in recursively identified VAR models of the transmission of energy price shocks. Because exactly identifying assumptions are inherently untestable, this approach in practice has required an act of faith in the empirical plausibility of the delay restriction used for identification. An alternative view that would invalidate such models is that energy prices respond instantaneously to macroeconomic news, implying that energy prices should be ordered last in recursively identified VAR models. In this paper, we propose...
The purpose of the pilot project is to trial different methods and vendors of wind power forecasting to determine the best approach to forecasting wind power in Alberta in the future. Three vendors were chosen with global forecasting experience; AWS Truewind (New York), energy & meteo systems (Germany), and WEPROG (Denmark). Each vendor will forecast for 12 geographically dispersed wind power facilities for a year (May 07 to May 08) providing a forecast covering the next 48 hours refreshed hourly. ORTECH Power was chosen to perform the quantitative analysis of the results analyzing methods, timeframes and geographical locations. Phoenix Engineering was chosen to collect all the necessary meteorological data required...
Categories: Publication; Types: Citation; Tags: Development, Wind, Wind power, Wyoming
The timely development of the nation's energy production capacity in a manner that minimizes potential adverse local and regional impacts associated with energy facilities requires the use of sophisticated techniques for evaluation of siting alternatives and fuel cycle options. This report is a documentation of the computerized SITE methodology that has been developed for evaluating health, environmental, and socioeconomic impacts related to utilization of alternate sites for energy production within a region of interest. The cost, impact, and attribute vectors, which are generated and displayed on density maps, can be used in a multiparameter overlay process to identify preferable siting areas. The assessment of...
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...
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...
The purpose of the pilot project is to trial different methods and vendors of wind power forecasting to determine the best approach to forecasting wind power in Alberta in the future. Three vendors were chosen with global forecasting experience; AWS Truewind (New York), energy & meteo systems (Germany), and WEPROG (Denmark). Each vendor will forecast for 12 geographically dispersed wind power facilities for a year (May 07 to May 08) providing a forecast covering the next 48 hours refreshed hourly. ORTECH Power was chosen to perform the quantitative analysis of the results analyzing methods, timeframes and geographical locations. Phoenix Engineering was chosen to collect all the necessary meteorological data required...
Categories: Publication; Types: Citation; Tags: Development, Wind, Wind power, Wyoming
This project was conducted to evaluate the feasibility of using geothermal effluents for developing and maintaining waterfowl wetlands. Information in the document pertains to a seven State area the West where geothermal resources have development potential. Information is included on physiochemical characteristics of geothermal effluents; known effects of constituents in the water on a wetland ecosystem and water quality criteria for maintaining a viable wetland; potential of sites for wetland development and disposal of effluent water from geothermal facilities; methods of ‘disposal of effluents, including advantages of each method and associated costs; legal and Institutional constraints which could affect geothermal...
Two field studies revealed large differences among various subgroups in the population of car drivers. Private drivers, commuters, and business drivers differed strongly with respect to current decisions and behaviour which affect CO2 emissions, and with respect to their sensitivity to various policy instruments. Several promising policy targets were identified" combinations of user groups and behaviours where substantial CO2 reduction may be achieved. The sensitivity of different car user groups to various policy measures showed whether and how desired behavioral changes may be realised.
State policies can support renewable energy development by driving markets, providing certainty in the investment market, and incorporating the external benefits of the technologies into cost/benefit calculations. Using statistical analyses and policy design best practices, this paper quantifies the impact of state-level policies on renewable energy development in order to better understand the role of policy on development and inform policy makers on the policy mechanisms that provide maximum benefit. The results include the identification of connections between state policies and renewable energy development, as well as a discussion placing state policy efforts in context with other factors that influence the...
We have conducted a detailed analysis of costs associated with today’s technology for CO2 separation and capture at three types of power plants: integrated coal gasification combined cycles (IGCC), pulverized coal-fired simple cycles (PC), and natural gas-fired combined cycles (NGCC). The analysis was based on studies from the literature that analyzed the economics of capturing CO2 emitted at power plants. In this paper, we present a composite cost model and perform a sensitivity analysis to identify the cost-drivers for capture. We conclude that with new developments, CO2 capture and sequestration can become a cost-effective mitigation pathway.
We have conducted a detailed analysis of costs associated with today’s technology for CO2 separation and capture at three types of power plants: integrated coal gasification combined cycles (IGCC), pulverized coal-fired simple cycles (PC), and natural gas-fired combined cycles (NGCC). The analysis was based on studies from the literature that analyzed the economics of capturing CO2 emitted at power plants. In this paper, we present a composite cost model and perform a sensitivity analysis to identify the cost-drivers for capture. We conclude that with new developments, CO2 capture and sequestration can become a cost-effective mitigation pathway.
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...
The success of carbon capture, storage and sequestration as a greenhouse gas mitigation strategy will be, in part, dependent on the regulatory framework used to govern its implementation. Creating a science-based regulatory framework that is designed with enough flexibility to encourage greenhouse gas offset activity, effective means of measuring the costs of taking action to reduce greenhouse gas emissions, and ample protection for human and ecosystem health may prove challenging. For the purposes of this paper we will assume that there is an existing incentive to capture, store and sequester carbon and focus on how to regulate the process. Accounting practices and precursory crediting rules for biological sinks...
Coalbed methane is one of the most important and valuable natural resources in the Western United States. The natural gas that results from CBM development is the cleanest burning fossil fuel, and the extensive domestic supply makes it a central element of the national goal of a secure supply of energy. Demand for natural gas will continue to grow and CBM will play an increasingly larger role in meeting that demand. CBM production has expanded tremendously over the past decade, and the rapidity with which development has expanded has resulted in stresses and tension in affected communities. Development of this important energy resource must be balanced with a number of other important goals of protecting water,...
Studies conducted since the late 1970s have estimated the net energy value (NEV) of corn ethanol. However, variations in data and assumptions used among the studies have resulted in a wide range of estimates. This study identifies the factors causing this wide variation and develops a more consistent estimate. We conclude that the NEV of corn ethanol has been rising over time due to technological advances in ethanol conversion and increased efficiency in farm production. We show that corn ethanol is energy efficient as indicated by an energy output:input ratio of 1.34.
Categories: Publication; Types: Citation; Tags: Energy, changing, development, economy
Models that treat innovations to the price of energy as predetermined with respect to U.S. macroeconomic aggregates are widely used in the literature. For example, it is common to order energy prices first in recursively identified VAR models of the transmission of energy price shocks. Because exactly identifying assumptions are inherently untestable, this approach in practice has required an act of faith in the empirical plausibility of the delay restriction used for identification. An alternative view that would invalidate such models is that energy prices respond instantaneously to macroeconomic news, implying that energy prices should be ordered last in recursively identified VAR models. In this paper, we propose...
Natural gas plays a key role in our nation’s clean energy future. Recent advances in drilling technologies—including horizontal drilling and hydraulic fracturing—have made vast reserves of natural gas economically recoverable in the US. Responsible development of America’s oil and gas resources offers important economic, energy security, and environmental benefits. Hydraulic fracturing is a well stimulation technique used to maximize production of oil and natural gas in unconventional reservoirs, such as shale, coalbeds, and tight sands. During hydraulic fracturing, specially engineered fluids containing chemical additives and proppant are pumped under high pressure into the well to create and hold open fractures...
The success of carbon capture, storage and sequestration as a greenhouse gas mitigation strategy will be, in part, dependent on the regulatory framework used to govern its implementation. Creating a science-based regulatory framework that is designed with enough flexibility to encourage greenhouse gas offset activity, effective means of measuring the costs of taking action to reduce greenhouse gas emissions, and ample protection for human and ecosystem health may prove challenging. For the purposes of this paper we will assume that there is an existing incentive to capture, store and sequester carbon and focus on how to regulate the process. Accounting practices and precursory crediting rules for biological sinks...
This paper presents information relevant to rule-making for geopressuredgeothermal development on state-owned lands. The analysis is focused on those potential social and economic effects of resource development, if any, which may require special attention during the leasing and permitting process. For the most part, many of the expected socioeconomic impacts are not unique to geothermal development, but are already being felt by residents of the fairways because of ongoing developmental activities. The social and economic impacts likely to result from resource development depend upon characteristics specific to the site and surrounding social and economic systems. Specific impacts and their probability, magnitude,...