As long as commodity and securities markets have been in operation, market manipulation has been a serious concern. Now that many electricity and natural gas markets have been opened to competition, manipulation threatens to destroy the value of these markets as well. Yet market manipulation itself remains ill-defined, with uncertain legal and economic principles operating on both sides of regulatory proceedings. Andrew N. Kleit's Modern Energy Market Manipulation offers an in-depth exploration of this crucial gray area. It presents a coherent definition of market manipulation, and drawing upon the substantial available legal evidence, it examines two categories of manipulation cases: those in which the allegations clearly fit the definition of manipulation but in which the facts of the case are unclear, and conversely, those in which the facts of the case are clear but in which it is uncertain whether they actually constitute manipulation. Throughout his discussions, Professor Kleit casts a critical eye not only on energy companies but also on the legal decisions and processes at the Federal Energy Regulatory Commission, which acts as both prosecutor and judge in manipulation matters, and which has consistently sided with its own staff and against defendants. As this book deftly shows, both defendants and prosecutors alike have benefitted from the ambiguities at the heart of existing definitions of market manipulation. Modern Energy Market Manipulation is essential reading for regulators, jurists, litigants, and business managers, and it is of interest to anyone who wants to learn about the enforcement mechanisms of federal regulators.

Energy poverty, one of the major challenges facing the global energy system, has drawn wide attention from the international community and academia. As the largest developing country in the world, China faces a number of challenges in understanding and resolving the problem of energy poverty. Energy Economics: Understanding and Interpreting Energy Poverty in China presents a succinct overview of research on China's Energy Poverty as studied by the Center for Energy & Environmental Policy Research (CEEP), Beijing Institute of Technology (BIT). Based on the analytical framework of energy economics, the book summarizes and refines international energy assessment methods, builds China's energy poverty measurement and comprehensive evaluation criteria, and evaluates China's energy poverty from the perspective of time and space. It goes on to analyze the impact of solid fuel use on urban and rural residents' health, and review the relationship between energy poverty and economic development, clean energy development and energy poverty, as well as climate change and energy availability. Finally, it summarizes policies and actions to eliminate energy poverty. This book will provide essential scientific support for researchers and policy makers dealing with energy poverty.

In the fast-changing policy arena of a country as diverse as India, gauging regional implications of policy shifts is critical but challenging. E3-India is a policy evaluation tool based on the internationally recognized E3ME global model, that allows for iterative quantification of multiple policy options within an integrated economy-energy-environment framework to support wellinformed progressive policy choices at the regional level. This book provides comprehensive coverage of creating and using E3 modeling framework for regional policy analysis, which is available in public domain for the first time in India, addressing existing flagship Government of India policies, including but not limited to the Make in India initiative, Digital India initiative, Automotive Mission Plan, Nationally Determined Commitments under the Paris agreement, and the Atmanirbhar Bharat relief package. These studies have been designed to provide in-depth and lucid insights regarding choices for resource allocation by policymakers, thereby serving as a comprehensive guide for evidence-based policymaking in India.

This book is devoted to investigating the policy design and effectiveness of financial and market-based instruments to promote energy efficiency financing. The concept of this monograph is to present the latest results related to energy efficiency funding schemes, energy efficiency obligations, voluntary agreements, auction mechanisms, and Super Energy Services Companies (Super ESCOs) in major jurisdictions across the world. The book focuses on financial and market-based instruments as they deliver a price signal, which provides an incentive for firms to invest in innovation or implement more energy-efficient technologies and deliver energy savings while minimizing costs. Such instruments can have significant advantages for the government, supporting the fiscal sustainability of the government's energy efficiency efforts, requiring less enforcement than regulation and according the market flexibility to select the most cost-efficient technologies. This book is highly recommended to researchers, policy experts, and business specialists who seek an in-depth and up-to-date integrated overview of energy efficiency financing.

Explains the mechanisms governing flow-induced vibrations and helps engineers prevent fatigue and fretting-wear damage at the design stage Fatigue or fretting-wear damage in process and plant equipment caused by flow-induced vibration can lead to operational disruptions, lost production, and expensive repairs. Mechanical engineers can help prevent or mitigate these problems during the design phase of high capital cost plants such as nuclear power stations and petroleum refineries by performing thorough flow-induced vibration analysis. Accordingly, it is critical for mechanical engineers to have a firm understanding of the dynamic parameters and the vibration excitation mechanisms that govern flow-induced vibration. Flow-Induced Vibration Handbook for Nuclear and Process Equipment provides the knowledge required to prevent failures due to flow-induced vibration at the design stage. The product of more than 40 years of research and development at the Canadian Nuclear Laboratories, this authoritative reference covers all relevant aspects of flow-induced vibration technology, including vibration failures, flow velocity analysis, vibration excitation mechanisms, fluidelastic instability, periodic wake shedding, acoustic resonance, random turbulence, damping mechanisms, and fretting-wear predictions. Each in-depth chapter contains the latest available lab data, a parametric analysis, design guidelines, sample calculations, and a brief review of modelling and theoretical considerations. Written by a group of leading experts in the field, this comprehensive single-volume resource: Helps readers understand and apply techniques for preventing fatigue and fretting-wear damage due to flow-induced vibration at the design stage Covers components including nuclear reactor internals, nuclear fuels, piping systems, and various types of heat exchangers Features examples of vibration-related failures caused by fatigue or fretting-wear in nuclear and process equipment Includes a detailed overview of state-of-the-art flow-induced vibration technology with an emphasis on two-phase flow-induced vibration Covering all relevant aspects of flow-induced vibration technology, Flow-Induced Vibration Handbook for Nuclear and Process Equipment is required reading for professional mechanical engineers and researchers working in the nuclear, petrochemical, aerospace, and process industries, as well as graduate students in mechanical engineering courses on flow-induced vibration.

The availability and distribution of water resources in catchments are influenced by various natural and anthropogenic factors. Human-induced environmental changes are key factors controlling the hydrological flows of semi-arid catchments. Land degradation, water scarcity and inefficient utilization of available water resources continue to be important constraints for socio-economic development in the headwater catchments of the Nile river basin in particular over the Ethiopian Catchments. This research investigates the impact of landscape anthropogenic changes on the hydrological processes in the Upper Tekeze basin (A tributary of the Nile). The hydrology of the basin is investigated through analysis of hydro-climatic data, remote sensing techniques, new field measurements and parsimonious hydrological models. The empirical evidence provided in this book confirms that human-induced environmental changes can significantly change the hydrology of catchments, both in negative (degradation) and in positive (restoration) ways. This book also shows that rainfall-runoff relationships in semi-arid catchments are non-uniform and hence the application of hydrological models in such catchments need special attention. Moreover, parsimonious dynamic hydrological model improves our understanding of the hydrological response to dynamic environmental changes.

In this book, climate change and digital transformation are explored as key strategic drivers for the contemporary practices of water utility companies. These drivers seem to be separate, but clearly, they are not. The recent weather anomalies in water stressed countries are discussed, which have been breaking records and become an elevated risk to water assets. In parallel, the book examines a contextual proposition that the concept of the fourth industrial revolution applied to the water sector, Water 4.0, assists with the water supply decentralisation and sustainability, in particular climate resilience. It further suggests that the implementation of an Asset Management System with reference to the ISO 55001 standard is a useful tool in this process.

This book was originally published by Claeys and Casteels, now formally part of Edward Elgar Publishing. This book focuses on the EU ETS, the European Union Emissions Trading Scheme, backbone of the European Union strategy to combat climate change, and its industry competitiveness implications. In the light of the discussion of the revision for the coming years, it aims to provide a toolbox of key elements to understand its functioning and to reflect on crucial improvements. Specifically, besides a general overview of the first phases of the scheme and current difficulties, the book aims to (i) deploy an energy-intensive, sector-level analysis, with both reference to academic literature (ex ante and ex post studies, paying special attention to the underlying assumptions) and stakeholders positions on the carbon leakage issue; (ii) present an overview of the existing ETS policy measures and worldwide experiences; (iii) reflect on the ongoing reform for the post-2020 period, starting from the European Commission's proposal and entering the technical and political debate taking place within the European institutions. "The EU ETS and the European industry competitiveness" provides the reader with a full understanding of the system, presenting problems, policy options, design aspects and global insights. It aims to identify potential improvements and to draw lessons for the coming years and the future phases, assessing if the current reform is actually on track to adequately protect business competitiveness.

The problems of global warming and environmental pollution are some of the most difficult challenges this planet faces in the 21st century. Carbon dioxide, often identified as one of the culprits, is an inevitable product of the combustion of fossil fuels, necessary for our modern economies to survive. Thus, The Carbon Dioxide Problem refers to the extremely complex matter of limiting carbon dioxide concentrations to levels that pose little environmental risk without devastating national economies and reducing living standards on the planet.
This timely book offers solutions to the global warming problem that lie in the development of comprehensive energy and environmental policies that emphasize the need to use energy efficiently while looking to develop alternative renewable sources. The experience of Japan is particularly relevant due to that country's great dependence on foreign fuel supplies, which has led it to be at the forefront of developing new energy conservation and antipollution technologies.

This book presents the proceedings of the International Conference on Health, Safety, Fire, Environment, and Allied Sciences (HSFEA 2018), highlighting the latest developments in the field of science and technology aimed at improving health and safety in the workplace. The volume comprises content from leading scientists, engineers, and policy makers, discussing water pollution and advanced remedial measures, and the impact on health and the environment. Topics of discussion include research on emerging water pollutants, their sources, monitoring and control. The contents of this volume will be of interest to researchers, practitioners, and policy makers alike.

In almost any industry, the day-to-day lived experiences of workers directly shape production processes. Those experiences are of fundamental importance to a range of managerial concerns including organisational behaviour and human resource management, organisational safety and risk management, production systems, work relations and change management. Yet they are too often overlooked by the executives and managers who design management strategies. In this book, Sizwe Phakathi addresses such issues head-on, providing insights into the underlying social, human, managerial and organisational processes that shape workers' orientations towards reorganisation of work, production, safety, teamwork and work relations. Through an in-depth study of a deep-level mining workplace, Phakathi brings to the fore the realities of how work processes shape the actions of frontline teams, production supervisors and managers. He points out how these realities trigger the informal work practice of making a plan, which is an indispensable organisational tactic for production, safety, teamwork and work relations in the mining workplace. In the process, he highlights frontline miners' perspectives of managing, balancing and coping with the competing demands of physically challenging work, production, safety and team dynamics while at the rock-face. This book will help practitioners, policy-makers and researchers to understand the factors influencing work processes, production, safety, teamwork and work relations - not only in a mining workplace but more generally as well. The insights it provides into the importance of day-to-day lived working experiences will help them to improve organisational, employee and team performance.

A comprehensive overview of trading and risk management in the energy markets "Energy Trading and Risk Management "provides a comprehensive overview of global energy markets from one of the foremost authorities on energy derivatives and quantitative finance. With an approachable writing style, Iris Mack breaks down the three primary applications for energy derivatives markets - Risk Management, Speculation, and Investment Portfolio Diversification - in a way that hedge fund traders, consultants, and energy market participants can apply in their day to day trading activities. Moving from the fundamentals of energy markets through simple and complex derivatives trading, hedging strategies, and industry-specific case studies, Dr. Mack walks readers through energy trading and risk management concepts at an instructive pace, supporting her explanations with real-world examples, illustrations, charts, and precise definitions of important and often-misunderstood terms.From stochastic pricing models for exotic derivatives, to modern portfolio theory (MPT), energy portfolio management (EPM), to case studies dealing specifically with risk management challenges unique to wind and hydro-electric power, the bookguides readers through the complex world of energy trading and risk management to help investors, executives, and energy professionals ensure profitability and optimal risk mitigation in every market climate."Energy Trading and Risk Management" is a great resource to help grapple with the very interesting but oftentimes complex issues that arise in energy trading and risk management.

This book analyzes the formation and evolution of the giant hydrocarbon reservoirs based on major basins onshore China. It discusses exploration and research advantages of major basins in China, such as Sichuan, Tarim, and Ordos Basins and also systematically analyzes and summarizes the formation conditions, distribution rules, and main controlling factors of deep oil and gas fields. On this basis, it forecasts the exploration prospect of China's onshore deep oil and gas, providing theoretical guidance and technical support for deep oil and gas exploration breakthrough and large-scale reserves growth. This book focuses on the analysis and discussion of hydrocarbon generation mechanism of deep-paleo source rocks, discusses the accumulation rules of cross-structural reservoir formation and oil-gas enrichment in ancient strata, the combination of gypsum-salt rocks and carbonate rocks, the potential of oil and gas accumulation under salt, the main controlling factors and distribution rules of deep oil and gas fields, and preliminarily grasps the geological understanding of the formation and distribution of deep-large oil and gas fields, namely 1abundant hydrocarbon supplied by two types of source kitchens, 2three large-scale lithologic reservoir rocks, 3hydrocarbon accumulation controlled by three paleoes (paleouplift, paleoplatform margin, and paleofaults), and 4reservoir formation across major tectonic periods. The book serves as a guidance for both researchers and students majoring in petroleum geology and other related fields.

This book provides several up-to-date empirical policy-oriented studies on assessing the impacts of climate change on various economic sectors and the role of renewable energy resources in mitigating pollution and climate change. It suggests various policy recommendations on how to increase the share of renewable energy resources in the energy baskets of the members of the Association of Southeast Asian Nations (ASEAN) and the rest of the world to ensure energy sustainability. As of 2020, most of the world's energy investment still went to carbon-emitting sources, namely, fossil fuels. On the other hand, the Covid-19 pandemic and the economic Project Overview 20 March 2021 08:39 Page 6 of 9 downturns shrank the global energy demand, including fossil fuels, resulting in a sharp drop in their prices. Low fossil fuel prices are harmful to developing renewable energy projects, making solar, wind, and other renewable energy resources less competitive as sources of electricity. This is endangering the Paris agreement and the "Climate Action" goal of the United Nations. Given the high share of fossil fuels in the energy mix of the members of ASEAN, tremendous challenges must be faced for their energy transition in the post-Covid-19 world. The authors call for sound policy and applicable technologies to ensure sustainable energy availability, accessibility, and affordability to reach emission reduction targets.

This book focuses on threats, especially contaminants, to drinking water and the supply system, especially in municipalities but also in industrial and even residential settings. The safety, security, and suitability landscape can be described as dynamic and complex stemming from necessity and hence culpability due to the emerging threats and risks, vis-a-vis globalization resulting in new forms of contaminants being used due to new technologies. The book provides knowledge and guidance for engineers, scientists, designers, researchers, and students who are involved in water, sustainability, and study of security issues. This book starts out with basics of water usage, current statistics, and an overview ofwater resources. The book then introduces different scenarios of safety and security and areas that researchers need to focus. Following that, the book presents different types of contaminants - inadvertent, intentional, or incidental. The next section presents different methodologies of contamination sensing/detection and remediation strategies as per guidance and standards set globally. The book then concludes with selected chapters on water management, including critical infrastructure that is critical to maintaining safe water supplies to cities and municipalities. Each chapter includes descriptive information for professionals in their respective fields. The breadth of chapters offers insights into how science (physical, natural, and social) and technology can support new developments to manage the complexity resident within the evolving threat and risk landscape.

This is an appraisal of current offshore industrial relations, and safety regulations instituted after the 1988 Alpha disaster in the North Sea. This text discusses the oil industry's attempts to contain subsequent, unwelcome regulatory interference, and examines the fraught history of trade unionism in the offshore industry, the conflict over health and safety, and the sometimes brutal struggle over union rights as the workforce attempted to achieve a collective voice in the reshaping of the safety and production environment. The authors conclude that, as yet, offshore safety has been little, or not at all, improved.

The Chinese electricity sector is the largest in the world, covering well over 20% of the world's electricity supply. While many other countries liberalized their electricity systems in the 1990s, thereby creating competitive wholesale and retail electricity markets, China's move towards liberalization has advanced at a slower pace - until now. Following the China State Council's publication of the No. 9 document on 'Deepening Reform of the Power Sector', this book reflects on the ambitious new round of reforms aimed at introducing competitive wholesale electricity markets and incentive regulation for its power grids. Written in collaboration with Hao Chen, Lewis Dale and Chung-Han Yang, this book provides lessons for China's reforms from international experience, combining a detailed review of reforms from around the world with specific application to China and focuses on how the industrial price of electricity is determined in a liberalized power system.

Few issues in international affairs and energy security animate thinkers more than the classic topic of hegemony, and the case of the Persian Gulf presents particularly fertile ground for considering this concept. Since the 1970s, the region has undergone tumultuous changes, with dramatic shifts in the diplomatic, military, and economic roles of the United States, China, and Russia. In this book, Steve A. Yetiv and Katerina Oskarsson offer a panoramic study of hegemony and foreign powers in the Persian Gulf, offering the most comprehensive, data-driven portrait to date of their evolving relations. The authors argue that the United States has become hegemonic in the Persian Gulf, ultimately protecting oil security for the entire global economy. Through an analysis of official and unofficial diplomatic relations, trade statistics, military records, and more, they provide a detailed account of how U.S. hegemony and oil security have grown in tandem, as, simultaneously, China and Russia have increased their political and economic presence. The book sheds light on hegemony's complexities, and challenges and reveals how local variations in power will continue to shape the Persian Gulf in the future.

This book analyses how a water utility from a developing country, Phnom Penh Water Supply Authority, that was totally dysfunctional, corruption-ridden and literally bankrupt in 1993, became one of the most successful water utilities of the developing world in only about 15 years. By 2010, some of the performance indicators of this public sector utility were even better than London, Paris or Los Angeles. The book further analyses the enabling conditions that made this remarkable transformation possible. Based on this analysis, a framework is recommended for water utilities from developing countries so that they can also be transformed into functional, efficient, equitable and financially viable institutions on a sustainable basis.

An overview of today's energy markets from a multi-commodity perspective As global warming takes center stage in the public and private sectors, new debates on the future of energy markets and electricity generation have emerged around the world. The Second Edition of Managing Energy Risk has been updated to reflect the latest products, approaches, and energy market evolution. A full 30% of the content accounts for changes that have occurred since the publication of the first edition. Practitioners will appreciate this contemporary approach to energy and the comprehensive information on recent market influences. A new chapter is devoted to the growing importance of renewable energy sources, related subsidy schemes and their impact on energy markets. Carbon emissions certificates, post-Fukushima market shifts, and improvements in renewable energy generation are all included. Further, due to the unprecedented growth in shale gas production in recent years, a significant amount of material on gas markets has been added in this edition. Managing Energy Risk is now a complete guide to both gas and electricity markets, and gas-specific models like gas storage and swing contracts are given their due. The unique, practical approach to energy trading includes a comprehensive explanation of the interactions and relations between all energy commodities. * Thoroughly revised to reflect recent changes in renewable energy, impacts of the financial crisis, and market fluctuations in the wake of Fukushima * Emphasizes both electricity and gas, with all-new gas valuation models and a thorough description of the gas market * Written by a team of authors with theoretical and practical expertise, blending mathematical finance and technical optimization * Covers developments in the European Union Emissions Trading Scheme, as well as coal, oil, natural gas, and renewables The latest developments in gas and power markets have demonstrated the growing importance of energy risk management for utility companies and energy intensive industry. By combining energy economics models and financial engineering, Managing Energy Risk delivers a balanced perspective that captures the nuances in the exciting world of energy.

This book analyzes energy security through the lens of oil and natural gas and explains how geopolitics and security challenges affect India's quest for energy security. It also offers insights into India's international trade and investment in the overseas oil and natural gas markets and discusses shale energy, adopting region-specific (Africa, West Asia, Central Asia, and LAC), country-specific (Russia and the US), maritime-specific (Arctic and South China Sea), and pipeline-specific (TAPI, MBI, IPI, and RCI) approaches to analyze India's oil and natural gas trade and investment abroad. The introductory chapter examines energy perspectives in international relations and conceptualizes energy geopolitics and energy security from both international and Indian standpoints. The book also highlights the similarities and differences in the issues involved in the global oil and natural gas market, and India's approach to these, offering a roadmap for holistic and integrated energy security through oil and natural gas. Since India's energy trade and investment in the international oil and natural gas market are not free from the effects of political instability, corruption, environment crisis, militancy, terrorism, war, and geopolitical involvement and interference, the book investigates the nature and extent of the security threats and competition India faces in the oil and natural gas-producing countries while pursuing its trade and investments there. As major sources of energy, oil and natural gas are strategic assets, and energy security is one of the core areas of India's foreign policy pursuits. As such, the chapters critically assess India's energy policy and resource diplomacy, providing analyses of the issues raised, identifying the central arguments and presenting existing cooperations - with past examples where necessary. The book appeals to scholars and policymakers active in the fields of energy, political science, international relations, economics, foreign policy, peace and conflict, security and geopolitics, as well as non-experts interested in this topic.

'Dripping with delicious detail' - Aditya Chakrabortty Taking the reader on a journey through North East Scotland, Merseyside, South Wales, the Thames Estuary and London, this is the story of Britain's oil-soaked past, present and future. Travelling the country, the authors discover how the financial power and political muscle of an industry built the culture of a nation from pop music to kitchen appliances, and how companies constructed an empire, extracting the wealth of the world from Iran to Nigeria and Alaska. Today, the tide seems to be going out - Britain's refineries have been quietly closed, the North Sea oilfields are declining and wind farms are being built in their place. As the country painfully shifts into its new post-industrial role in the shadow of Covid, Brexit and the climate crisis, many believe the age of oil to be over. But is it? Speaking to oil company executives and traders, as well as refinery workers, filmmakers and musicians, activists and politicians, the authors put real people at the heart of a compelling story.

The near destruction of the coal industry and the NUM offers a timely vantage point from which to appraise their history. This book presents a collection of specially commissioned essays by leading authorities on miners' history, which challenge the stereotypical imagery of miners' solidarity and loyalty to the Labour Party. This book examines the politics of the Miners' Federation of Great Britain, the unique influences of syndicalism and communism within some of its constituent areas, and the uneven pace of the Labour Party's 'forward march' within the coalfields. Such national developments are then studied within their diverse regional contexts through a series of case studies which permits comparison between the major British coalfields. Finally, the book considers the attempts to overcome these regional diversities with the formation of the National Union of Mineworkers and the nationalisation of the mining industry.

This book provides energy efficiency quantitative analysis and optimal methods for discrete manufacturing systems from the perspective of global optimization. In order to analyze and optimize energy efficiency for discrete manufacturing systems, it uses real-time access to energy consumption information and models of the energy consumption, and constructs an energy efficiency quantitative index system. Based on the rough set and analytic hierarchy process, it also proposes a principal component quantitative analysis and a combined energy efficiency quantitative analysis. In turn, the book addresses the design and development of quantitative analysis systems. To save energy consumption on the basis of energy efficiency analysis, it presents several optimal control strategies, including one for single-machine equipment, an integrated approach based on RWA-MOPSO, and one for production energy efficiency based on a teaching and learning optimal algorithm. Given its scope, the book offers a valuable guide for students, teachers, engineers and researchers in the field of discrete manufacturing systems.

This book presents various methods for sustainability assessment of energy systems, under various different conditions and scenarios. It answers the questions of how to measure the sustainability of energy systems by adopting appropriate metrics and methods. This book provides readers with a comprehensive view of the frontiers of sustainability assessment methods for energy system analysis. It presents various methodologies, allowing readers to understand: the complete metrics for sustainability assessment; life cycle thinking for sustainability assessment of energy systems; and the advanced sustainability assessment methods for energy systems. This book is of interest to researchers, engineers, decision makers, and postgraduate students within the field of energy systems, sustainability, and decision analysis.