This book attempts to explain what went wrong in California's restructured energy markets and what must be done to restore California's economy and build new electricity systems. The intention here is to reconcile the principles of competition and regulation. California had a severe electricity crisis for about thirteen months beginning in May of 2000. The economic consequences and political fallout that arose from this crisis persist. California's economy continues to suffer and the state's treasury is deeply in debt. The state's three investor-owned utilities were nearly financially decimated. San Diego Gas & Electric has recovered to a greater degree than the other two only because its retail prices are about three times the national average and, for a time, well above the other two IOUs in California. Southern California Edison has recently been restored to investment grade and was granted a rate increase. Pacific Gas & Electric is emerging from bankruptcy. This book discusses all of this in greater detail. The problems and consequences arising from California's ill-fated foray into electricity market restructuring could damage the state for years to come. Challenges of this nature are not new to the Golden State. In the past, as we explain here, pragmatic, not entrenched, approaches have worked best in California. If California is to relatively quickly restore its previous enviable economic vitality and recover from the damage done to tarnish its luster, pragmatic approaches must again be used.

"Catalytic Microreactors for Portable Power Generation" addresses a problem of high relevance and increased complexity in energy technology. This thesis outlines an investigation into catalytic and gas-phase combustion characteristics in channel-flow, platinum-coated microreactors. The emphasis of the study is on microreactor/microturbine concepts for portable power generation and the fuels of interest are methane and propane. The author carefully describes numerical and experimental techniques, providing a new insight into the complex interactions between chemical kinetics and molecular transport processes, as well as giving the first detailed report of hetero-/homogeneous chemical reaction mechanisms for catalytic propane combustion. The outcome of this work will be widely applied to the industrial design of micro- and mesoscale combustors.

Turkey has been reforming its energy markets since the 1980s, culminating in two major bills in the early 2000s. The country has restructured electricity and natural gas markets, establishing an independent regulatory agency (EMRA) and passed legislation on renewable and nuclear energy. With these regulatory reforms, Turkey, as a candidate country for accession to the European Union (EU), has aimed to direct the energy markets to a more competitive environment in parallel with EU energy directives. This book contains an analysis of regulatory reforms in Turkish energy markets (electricity, natural gas, renewable and nuclear energy), the impact of these reforms on country's energy portfolio and role in global energy trade, especially between the EU, the Caspian, Caucasus, and Central Asia. Finally, the book concludes with recommendations for Turkish energy policy. The authors are expert scholars who have written extensively on Turkish regulatory reform and energy economics and who have broad knowledge of global energy market dynamics. The book will be a unique guide for those concerned with the different areas of the Turkish economy and international audiences interested in energy markets of Turkey and surrounding regions, making the book of interest to not only researchers in academia but also industry practitioners, regulators and policy makers as well.

Heat and Mass Transfer in Particulate Suspensions is a critical review of the subject of heat and mass transfer related to particulate Suspensions, which include both fluid-particles and fluid-droplet Suspensions. Fundamentals, recent advances and industrial applications are examined. The subject of particulate heat and mass transfer is currently driven by two significant applications: energy transformations -primarily combustion - and heat transfer equipment. The first includes particle and droplet combustion processes in engineering Suspensions as diverse as the Fluidized Bed Reactors (FBR's) and Internal Combustion Engines (ICE's). On the heat transfer side, cooling with nanofluids, which include nanoparticles, has attracted a great deal of attention in the last decade both from the fundamental and the applied side and has produced several scientific publications. A monograph that combines the fundamentals of heat transfer with particulates as well as the modern applications of the subject would be welcomed by both academia and industry.

The functionalization of surfaces on the nanoscale is one of the most fascinating and at the same time challenging topics in science. It is the key to tailoring catalysts, sensors, or devices for solar energy conversion, whose functional principle is based on the interaction of an active solid surface with another (liquid or gaseous) phase. As an example, planar transition metal complexes adsorbed on solid supports are promising candidates for novel heterogeneous catalysts. An important feature of these catalysts, compared to supported metal clusters, is the fact that the active sites, i. e. , the coordinated metal centers with their vacant axial coordination sites, are well de?ned and uniform. Metalloporphyrinoids are particularly suitable in this respect because they combine a structure forming element-the rigid molecular frame, which often induces long range order-with an active site, the coordinated metal ion. Its planar coordination environment leaves two axial coordination sites available for additional ligands. If adsorbed on a surface, one of these axial sites is occupied by the underlying substrate. The resulting electronic interaction with the surface can be used to tailor the electronic structure and thereby the reactivity of the metal center. The remaining site is free for the attachment of molecules (sensor functionality) and/or operates as a reaction center (single-site catalysis). Prototype examples are omnipresent in nature, where in particular metallo-tetrapyrrols play a decisive role in important biological processes, with the most prominent examples being iron porphyrins in heme, magnesium porphyrins in chlorophyll, and cobalt corrin in vitamin B12.

Energy consumption is of great interest to manufacturing companies. Beyond considering individual processes and machines, the perspective on process chains and factories as a whole holds major potentials for energy efficiency improvements. To exploit these potentials, dynamic interactions of different processes as well as auxiliary equipment (e.g. compressed air generation) need to be taken into account. In addition, planning and controlling manufacturing systems require balancing technical, economic and environmental objectives. Therefore, an innovative and comprehensive methodology - with a generic energy flow-oriented manufacturing simulation environment as a core element - is developed and embedded into a step-by-step application cycle. The concept is applied in its entirety to a wide range of case studies such as aluminium die casting, weaving mills, and printed circuit board assembly in order to demonstrate the broad applicability and the benefits that can be achieved.

This volume presents a collection of contributions dedicated to applied problems in the financial and energy sectors that have been formulated and solved in a stochastic optimization framework. The invited authors represent a group of scientists and practitioners, who cooperated in recent years to facilitate the growing penetration of stochastic programming techniques in real-world applications, inducing a significant advance over a large spectrum of complex decision problems. After the recent widespread liberalization of the energy sector in Europe and the unprecedented growth of energy prices in international commodity markets, we have witnessed a significant convergence of strategic decision problems in the energy and financial sectors. This has often resulted in common open issues and has induced a remarkable effort by the industrial and scientific communities to facilitate the adoption of advanced analytical and decision tools. The main concerns of the financial community over the last decade have suddenly penetrated the energy sector inducing a remarkable scientific and practical effort to address previously unforeseeable management problems. Stochastic Optimization Methods in Finance and Energy: New Financial Products and Energy Markets Strategies aims to include in a unified framework for the first time an extensive set of contributions related to real-world applied problems in finance and energy, leading to a common methodological approach and in many cases having similar underlying economic and financial implications. Part 1 of the book presents 6 chapters related to financial applications; Part 2 presents 7 chapters on energy applications; and Part 3 presents 5 chapters devoted to specific theoretical and computational issues.

Energy has been an inevitable component of human lives for decades. Recent rapid developments in the area require analyzing energy systems not as independent components but rather as connected interdependent networks. The Handbook of Networks in Power Systems includes the state-of-the-art developments that occurred in the power systems networks, in particular gas, electricity, liquid fuels, freight networks, as well as their interactions. The book is separated into two volumes with three sections, where one scientific paper or more are included to cover most important areas of networks in power systems. The first volume covers topics arising in electricity network, in particular electricity markets, smart grid, network expansion, as well as risk management. The second volume presents problems arising in gas networks; such as scheduling and planning of natural gas systems, pricing, as well as optimal location of gas supply units. In addition, the second volume covers the topics of interactions between energy networks. Each subject is identified following the activity on the domain and the recognition of each subject as an area of research. The scientific papers are authored by world specialists on the domain and present either state-of-the-arts reviews or scientific developments.

Technological innovation combined with scientific research has always constituted a driving force of transformation in our societies. At the same time, it is no longer simply possible to transfer technologies from the North to the South; it is also essential to consider technical innovations that are adapted to the social, environmental, cultural and economic conditions of receiving countries, and which can be appropriated by their potential users and as such prove to be real technologies for fostering development.

The first International Scientific Conference on the topic organized by the UNESCO Chair Technologies for Development at the Ecole Polytechnique Federale de Lausanne in 2010 focused on its four priority sectors: Technologies for Sustainable Development of Habitat and Cities, ICTs for the Environment, Science and Technology for Disaster Risk Reduction, and Technologies for the Production of Sustainable Energy.

This volume reflects the main outcomes of the conference and provides some significant orientation and success criteria for the effective implementation and use of innovative technologies, their aims, their particular applications in the context of developing countries, their accessibility for users, and their appropriation by producers and stakeholders in the field of development both in the North and South, thus ensuring their sustainability. This kind of scientific cooperation also highlights the added values for northern researchers in sharing their knowledge and know-how, leading to a real win-win partnership.

The authors gathered within this book include representatives from academic and research institutions and other organizations from diverse countries and offer a significant synergy of competences, approaches and disciplines. "

Discover the latest research in path planning and robust path tracking control In Autonomous Road Vehicle Path Planning and Tracking Control, a team of distinguished researchers delivers a practical and insightful exploration of how to design robust path tracking control. The authors include easy to understand concepts that are immediately applicable to the work of practicing control engineers and graduate students working in autonomous driving applications. Controller parameters are presented graphically, and regions of guaranteed performance are simple to visualize and understand. The book discusses the limits of performance, as well as hardware-in-the-loop simulation and experimental results that are implementable in real-time. Concepts of collision and avoidance are explained within the same framework and a strong focus on the robustness of the introduced tracking controllers is maintained throughout. In addition to a continuous treatment of complex planning and control in one relevant application, the Autonomous Road Vehicle Path Planning and Tracking Control includes: A thorough introduction to path planning and robust path tracking control for autonomous road vehicles, as well as a literature review with key papers and recent developments in the area Comprehensive explorations of vehicle, path, and path tracking models, model-in-the-loop simulation models, and hardware-in-the-loop models Practical discussions of path generation and path modeling available in current literature In-depth examinations of collision free path planning and collision avoidance Perfect for advanced undergraduate and graduate students with an interest in autonomous vehicles, Autonomous Road Vehicle Path Planning and Tracking Control is also an indispensable reference for practicing engineers working in autonomous driving technologies and the mobility groups and sections of automotive OEMs.

This volume focuses on incentive regulation and competition. While much of the regulatory action is taking place in telecommunications, the impact of competition and the resultant regulatory change is being felt in other traditional public utilities including electricity. The book reviews topics including price caps, incentive regulation, market structure and new regulatory technologies.

Energy is one of the world`s most challenging problems, and power systems are an important aspect of energy related issues. This handbook contains state-of-the-art contributions on power systems modeling and optimization. The book is separated into two volumes with six sections, which cover the most important areas of energy systems. The first volume covers the topics operations planning and expansion planning while the second volume focuses on transmission and distribution modeling, forecasting in energy, energy auctions and markets, as well as risk management. The contributions are authored by recognized specialists in their fields and consist in either state-of-the-art reviews or examinations of state-of-the-art developments. The articles are not purely theoretical, but instead also discuss specific applications in power systems.

This volume contains the proceedings of the Workshop on Com bustion, sponsored by the Institute for Computer Applications in Science and Engineering (ICASE) and the NASA Langley Research Center (LaRC). It was held on October 12-14, 1992, and was the sec ond workshop in the series on the subject. The first was held in 1989, and its proceedings were published by Springer-Verlag under the title "Major Research Topics in Combustion," edited by M. Y. Hussaini, A. Kumar, and R. G. Voigt. The focus of the second workshop was directed towards the development, analysis, and application of basic models in high speed propulsion of particular interest to NASA. The exploration of a dual approach combining asymptotic and numerical methods for the analysis of the models was particularly encouraged. The objectives of this workshop were i) the genesis of models that would capture or reflect the basic pllysical phenomena in SCRAMJETs and/or oblique detonation-wave engines (ODWE), and ii) the stimulation of a greater interaction between NASA exper imental research community and the academic community. The lead paper by D. Bushnell on the status and issues of high speed propulsion relevant to both the SCRAMJET and the ODWE parallels his keynote address which set the stage of the workshop. Following the lead paper were five technical sessions with titles and chairs: Experiments (C. Rogers), Reacting Free Shear Layers (C. E. Grosch), Detonations (A. K. Kapila), Ignition and Struc ture (J. Buckmaster), and Unsteady Behaviour ('1'. L. Jackson)."

"Energy Methods in Dynamics "is a textbook based on the lectures given by the first author at Ruhr University Bochum, Germany. Its aim is to help students acquire both a good grasp of the first principles from which the governing equations can be derived, and the adequate mathematical methods for their solving. Its distinctive features, as seen from the title, lie in the systematic and intensive use of Hamilton's variational principle and its generalizations for deriving the governing equations of conservative and dissipative mechanical systems, and also in providing the direct variational-asymptotic analysis, whenever available, of the energy and dissipation for the solution of these equations. It demonstrates that many well-known methods in dynamics like those of Lindstedt-Poincare, Bogoliubov-Mitropolsky, Kolmogorov-Arnold-Moser (KAM), Wentzel Kramers Brillouin (WKB), and Whitham are derivable from this variational-asymptotic analysis.

This second edition includes the solutions to all exercises as well as some new materials concerning amplitude and slope modulations of nonlinear dispersive waves."

Offering a re-evaluation of the power industry, this book discusses decision-making for problems where a particular decision affects the options available at the next decision time. It covers a wide range of topics, from dynamic programming to future market decisions.

Multiprocessor platforms play important roles in modern computing systems, and appear in various applications, ranging from energy-limited hand-held devices to large data centers. As the performance requirements increase, energy-consumption in these systems also increases significantly. Dynamic Voltage and Frequency Scaling (DVFS), which allows processors to dynamically adjust the supply voltage and the clock frequency to operate on different power/energy levels, is considered an effective way to achieve the goal of energy-saving. This book surveys existing works that have been on energy-aware task scheduling on DVFS multiprocessor platforms. Energy-aware scheduling problems are intrinsically optimization problems, the formulations of which greatly depend on the platform and task models under consideration. Thus, Energy-aware Scheduling on Multiprocessor Platforms covers current research on this topic and classifies existing works according to two key standards, namely, homogeneity/heterogeneity of multi processor platforms and the task types considered. Under this classification, other sub-issues are also included, such as, slack reclamation, fixed/dynamic priority sched uling, partition-based/global scheduling, and application-specific power consumption, etc.

Energy is one of the world`s most challenging problems, and power systems are an important aspect of energy related issues. This handbook contains state-of-the-art contributions on power systems modeling and optimization. The book is separated into two volumes with six sections, which cover the most important areas of energy systems. The first volume covers the topics operations planning and expansion planning while the second volume focuses on transmission and distribution modeling, forecasting in energy, energy auctions and markets, as well as risk management. The contributions are authored by recognized specialists in their fields and consist in either state-of-the-art reviews or examinations of state-of-the-art developments. The articles are not purely theoretical, but instead also discuss specific applications in power systems.

This volume is on the flexibility mechanisms of the Kyoto Protocol and summarises the main fmdings of a two day workshop on 'Dealing with Carbon Credits after Kyoto', organised by ETC and the JIN foundation (both from the Netherlands) in Callantsoog, the Netherlands, on 28-29 May 1998. The workshop was one of the fIrst meetings held on the flexibility mechanisms after the Kyoto Protocol had been accepted at the Third Conference of the Parties (CoP3) in Kyoto, Japan, in December 1997. During the workshop it became clear that during the stage of translating the Protocol provisions on the flexibility mechanisms (notably Articles 6, 12 and 17) into concrete action, there are still many questions on how to interpret the scope and meaning of the Protocol text precisely. Indeed, various issues need to be elaborated on before a full assessment of the future practical work - the start of CDM and JI projects and possibly international emissions trading - can be made. Several issues were addressed at the workshop: e. g. how and via which procedures to determine the net abatement of particular CDMIJI projects; who is liable for non compliance in international emissions trading; is there a need for credit sharing formulae; can incentives be provided for early action, etc.

Within the Smart Grid, the combination of automation equipment, communication technology and IT is crucial. Interoperability of devices and systems can be seen as the key enabler of smart grids. Therefore, international initiatives have been started in order to identify interoperability core standards for Smart Grids. IEC 62357, the so called Seamless Integration Architecture, is one of these very core standards, which has been identified by recent Smart Grid initiatives and roadmaps to be essential for building and managing intelligent power systems. The Seamless Integration Architecture provides an overview of the interoperability and relations between further standards from IEC TC 57 like the IEC 61970/61968: Common Information Model - CIM. CIM has proven to be a mature standard for interoperability and engineering; consequently, it is a cornerstone of the IEC Smart Grid Standardization Roadmap. This book provides an overview on how the CIM developed, in which international projects and roadmaps is has already been covered and describes the basic use cases for CIM. This book has been written for both Power Engineers trying to get to know the EMS and business IT part of Smart Grid and for Computer Scientist finding out where ICT technology is applied in EMS and DMS Systems. The book is divided into two parts dealing with the theoretical foundations and a practical part describing tools and use cases for CIM.

This book provides a framework for analyzing and forecasting a variety of mineral and energy markets and related industries. Such modeling activity has been at the forefront of the economic and engineering professions for some time, having received a major stimulus fC?llowing the first oil price shock in 1973. Since that time, other shocks have affected these markets and industries, causing disequilibrium economic adjustments which are difficult to analyze and to predict. Moreover, geopolitics remains an important factor which can destabilize crude oil markets and associated refining industries. Mineral and energy modeling, consequently, has become a major interest of energy-related corporations, mining and drilling companies, metal manufacturers, public utilities, investment banks,. national government agencies and international organizations. This book hopes to advance mineral and energy modeling as follows: (1) The modeling process is presented sequentially by leading the model builder from model specification, estimation, simulation, and validation to practical model applications, including explaining history, analyzing policy, and market and price forecasting; (2) New developments in modeling approaches are presented which encompass econometric market and industry models, spatial equilibrium and programming models, optimal resource depletion models, input-output models, economic sector models, and macro oriented energy interaction models (including computable general equilibrium); (3) The verification and application of the models is considered not only individually but also in relation to the performance of alternative modeling approaches; and (4) The modeling framework includes a perspective on new directions, so that the present model building advice will extend into the future.

A Simple Model of Electric Power Network . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Power flow equations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Social welfare action . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 A Market Mechanism . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 An efficient trading rule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Competitive equilibrium and social optimum . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 A Dynamic Trading Process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 An Illustrative Example . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Alternative Implementation Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 Conclusions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 Endnotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 Chapter 5: The Berlin Mandate: The Design ofCost-Effictive Mitigation Strategies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 The Models . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 Future Emissions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 The Costs of Alternative Commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 Some Final Comments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 Endnotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82 Chapter 6: Some Implications of Improved CO] Emissions Control Technology in The Context of Global Climate Change . . . . . . . . . . . . . . . . . . . . 85 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 The CET A-R Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 Economic system . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 Climate system . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87 Uncertain losses from temperature rise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87 Technology Assumptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 Implications of Loss Probability and Technology Assumptions . . . . . . . . . . . . . . . . . . . 89 Improved Technology and the Value of Infonnation About Damage . . . . . . . . . . . 94 Value of Information about Technology and Benefits of Improved Technology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 Sununary and Conclusions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 Endnotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98 Chapter 7: Determining an Optimal Afforestation Policy: A Cost-Benefit Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99 Introduction - Motivation and afforestation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99 Afforesting and halting deforestation: domestic verses global solutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l 01 Research Objectives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l 02 Integrated assessment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102 Time horizon and discounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103 Carbon sequestration time path . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l 03 vi Interactions with other markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104 Structural Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l 04 Traditional timberland module . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106 Afforestation module . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106 Timber market module . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l 08 Sequestration calculations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109 bjective function . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109 Regionalization and Model Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 Southern submodel data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111 Pacific submodel data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The Economic and Business Consequences of the EMU A Challenge for Governments, Financial Institutions and Firms Hubert Ooghe Conference Chairman, Vlerick Leuven Gent Management School alld Ghent University EMU finally got under way on 1 st January 1999. Since then 11 European countries share a common currency, the Euro, and pursue a common monetary policy managed by the European Central Bank (ECB). After forty years of economic integration, Euroland has the wherewithal with which to enter the 21 st century. However monetary union has implications for nearly all areas of economic activity and decision-making. Throughout the academic world researchers are fully occupied with the theoretical analysis of the impact of the Euro and the effects of incorporating the new operational framework into their economic models. Businesses and government departments are concerned primarily with the practical implementation of the single currency. For all those who playa part in the economy, it is a question of making the most of the macro and micro economic opportunities offered by the Euro and minimising any threats. On 17th and 18th March 2000, after the EMU and Euro were in operation for one year, an international conference was held in Ghent (Belgium) on the economic consequences of the introduction of the EMU and the Euro for governments, financial institutions and firms.

John W. Maxwell and Jiirgen von Hagen Kelley School of Business, Indiana University; ZEI, University of Bonn, Indiana University, and CEPR Prior to the 1970's, economic studies of the natural environment were chiefly concerned with the optimal extraction of natural resources such as oil, coal, and timber. This focus reflected the commonly held belief that the natural environmental was sufficient to sustain the world's population in relative comfort (at least in developed nations) and was "there for the taking." By the late 1960's, however, the spectacular levels of economic growth that had taken place since the Second World War began to exact a visible toll on the natural environment. This visibility prompted growing concern for the environment among activists, government officials, academics and the pUblic. This concern has followed a general upward, though cyclic, trend to the present day. Remarkable events during this trend include the issuing of the Brundtland report, and the world environmental summits help in Rio and Kyoto. Concern for the natural environment has impacted the discipline of economics, resulting in the birth of the field of environmental economics that has recently eclipsed in popularity its parent field of natural resource economics.

One of the first books to analyze business and financial aspects of sustainable transport and fuels systems and provides novel insights for researchers, managers, and politicians who work in energy and sustainability related areas.

This concise survey describes the requirements on materials operating in high-temperature environments and the processes that increase the temperature capability of metals, ceramics, and composites. The major part deals with the applicable materials and their specific properties, with one entire chapter devoted to coatings. Written for engineering and science students, researchers, and managers in industry.