Governments, Competition and Utility Regulation continues the series of annual books, published in association with the Institute of Economic Affairs and the London Business School, which critically reviews the state of utility regulation and competition policy. The book contains incisive chapters on competition policy and trade, antitrust and consumer welfare, merger control and efficiency, emissions trading, Ofcom and convergence, energy regulation and competition, regulating the London Underground, the future of water regulation and European merger control. Chapters on each topic are followed by comments from regulators, competition authority chairmen and other experts in the relevant fields. The book provides analysis of and commentaries on the most significant developments in regulation and competition policy, drawing on experiences in Britain, the United States and the European Union, as well as in international trade negotiations. It will be of value to practitioners, policymakers and academics who are concerned with regulation, deregulation and policies to promote competition.

Oil and Urbanization on the Pacific Coast tells the story of oilman Ralph Bramel Lloyd, a small business owner who drove the development of one of America's largest oil fields. Lloyd invested his petroleum earnings in commercial real estate-much of it centered around automobiles and the fuel they require-in several western cities, notably Portland, Oregon. Putting the history of extractive industry in dialogue with the history of urban development, Michael R. Adamson shows how energy is woven into the fabric of modern life, and how the "energy capital" of Los Angeles exerted far-flung influence in the US West. A contribution to the relatively understudied history of small businesses in the United States, Oil and Urbanization on the Pacific Coast explores issues of interest to multiple audiences, such as the competition for influence over urban development waged among local growth machines and outside corporate interests; the urban rivalries of a region; the importance of public capital in mobilizing the commercial real estate sector during the Great Depression and World War II; and the relationships among owners, architects, and contractors in the execution of commercial building projects.

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.

Africa's rapid population growth and urbanisation has made its socioeconomic development a global priority. But as China ramps up its assistance in bridging Africa's basic infrastructure gap to the detriment of institutions building, warnings of a debt trap have followed. Building upon an extensive body of evidence, the editors argue that developing institutions and infrastructure are two equally desirable but organisationally incompatible objectives. In conceptualising this duality by design, a new theoretical framework proposes better understanding of the differing approaches to development espoused by traditional agencies, such as the World Bank, and emergent Chinese agencies. This new framing moves the debate away from the fruitless search for a 'superior' form of organising, and instead suggests looking for complementarities in competing forms of organising for development. For students and researchers in international business, strategic and public management, and complex systems, as well as practitioners in international development and business in emergent markets.

This book is comprised of the proceedings of the Euromech Colloquium 464b "Wind Energy." It comprises reports on basic research, as well as research related to the practical exploitation and application of wind energy. The book describes the atmospheric turbulent wind condition on different time scales, and the interaction of wind turbines with both wind and water flows. These influence the design, operation and maintenance of offshore wind turbines.

Developing the Global Bioeconomy: Technical, Market, and Environmental Lessons from Bioenergy brings together expertise from three IEA-Bioenergy subtasks on pyrolysis, international trade, and biorefineries to review the bioenergy sector and draw useful lessons for the full deployment of the bioeconomy. Despite the vast amount of politically driven strategies, there is little understanding on how current markets will transition towards a global bioeconomy. The question is not only how the bioeconomy can be developed, but also how it can be developed sustainably in terms of economic and environmental concerns. To answer this question, this book's expert chapter authors seek to identify the types of biorefineries that are expected to be implemented and the types of feedstock that may be used. They also provide historical analysis of the developments of biopower and biofuel markets, integration opportunities into existing supply chains, and the conditions that would need to be created and enhanced to achieve a global biomass trade system that could support a global bioeconomy. As expectations that a future bioeconomy will rely on a series of tradable commodities, this book provides a central accounting of the state of the discussion in a multidisciplinary approach that is ideal for research and academic experts, and analysts in all areas of the bioenergy, biofuels, and bioeconomy sectors, as well as those interested in energy policy and economics.

An original look from a microeconomic perspective for power system optimization and its application to electricity markets * Presents a new and systematic viewpoint for power system optimization inspired by microeconomics and game theory * A timely and important advanced reference with the fast growth of smart grids * Professor Chen is a pioneer of applying experimental economics to the electricity market trading mechanism, and this work brings together the latest research * A companion website is available Edit

The development of alternative forms of energy supply since the mid-1970s has brought with it a range of new issues and concerns, ranging from nuclear waste disposal to land use planning for energy efficiency. This latest volume in the acclaimed Energy Policy Studies series brings together an interdisciplinary group of researchers to examine the relationship between energy and planning policy, with emphasis on urban and regional impacts.

Like other volumes in the series, the articles included focus on the social, political, and economic dimensions of energy technology, resources, and use. The emphasis on issues of technological scale, resource allocation, environmental impact and quality, and urban and regional studies makes this a unique contribution to the literature.

Contents: "Creating Land-Energy Transitions," by Andrew F. Huston, U.S. Department of Housing and Urban Development; "Land Use Planning for Energy Efficiency," by Susan E. Owens, Cambridge University; "Nuclear Waste Landscapes," by Barry Solomon, U.S. Energy Information Administration; "Economic Development, Growth and Land Use Planning in Oil and Gas Producing Regions," by Robert L. Mansell, University of Calgary; "The Land Use Focus of Energy Impacts," by M. J. Pasqualetti, Arizona State University; "Energy Use and Land Use," by Stephen Lonergan, McMaster University; and a concluding essay by J. Barry Cullingworth, University of Delaware.

This book introduces the latest thinking on the use of Big Data in the context of urban systems, including research and insights on human behavior, urban dynamics, resource use, sustainability and spatial disparities, where it promises improved planning, management and governance in the urban sectors (e.g., transportation, energy, smart cities, crime, housing, urban and regional economies, public health, public engagement, urban governance and political systems), as well as Big Data's utility in decision-making, and development of indicators to monitor economic and social activity, and for urban sustainability, transparency, livability, social inclusion, place-making, accessibility and resilience.

Energy transitions are fundamental to achieving a zero-carbon economy. This book explains the urgently needed transition in energy systems from the perspective of the global political economy. It develops an historical, global, political and ecological account of key features of energy transitions: from their production and financing, to how they are governed and mobilised. Informed by direct engagement in projects of energy transition, the book provides an accessible account of the real-world dilemmas in accelerating transitions to a low carbon economy. As well as changes to technology, markets, institutions and behaviours, Power Shift shows that shifts in power relations between and within countries, and across social groups and political actors, are required if the world is to move onto a more sustainable path. Using contemporary and historical case studies to explore energy transitions, it will be of interest to students and researchers across disciplines, policymakers and activists.

The Politics of Energy Research and Development examines and evaluates U.S. research and development policies to promote nuclear, solar, conservation, and other technology options. This volume is the third in the series "Energy Policy Studies, "which explores fundamental, long-term social, political, and economic dimensions of energy technology, resources, and use. Contributions represent a wide range of theoretical and policy perspectives, including sociology, economics, political science, urban and regional studies, environmental analysis, and history and philosophy of technology.

Contents: Richard L. Ottinger, "Introduction: The Tragedy of U.S. Energy R&D Policy"; Amor DEGREES B. Lovins, "The Origins of the Nuclear Power Fiasco"; Richard T. Sylves, "Nuclear Exotica: Peaceful Use of Nuclear Explosives"; Eugene Frankel, "Technology, Politics and Ideology: The Vicissitudes of Federal Solar Energy Policy, 1974-1983"; Maxine Savitz, "The Federal Role in Conservation Research and Development"; J. David Roessner, "Commercialization Issues in Energy Technology Policy"; John Byrne and Daniel Rich, "In Search of the Abundant Energy Machine"; and Grant P. Thompson, "Energy Policy in the Interim: Waiting for the Next Shoe to Drop."

This Element focuses on Latin American fossil fuel producer countries and how they are dealing with the transition towards a greener energy matrix. The challenges involved are multiple and ethical in substance. In particular, a worldwide expansion in clean energies would reduce climate change, physical risks. A rapid transition, however, induces the irruption of a new (financial) risk. The energy transition, in addition, could be thought of as a new arena for political disputes. Finally, it evaluates the relevance of monetary policy and financial regulation to tackle the issue from a macro perspective. Energy transition, however, have also long-term but uncertain consequences on the national economy. Henceforth, and in order to minimize risks, a long-term, strategic vision of the challenge confronted by the region becomes mandatory. To tackle all these problems, this Element profits from contributions of different disciplines.

From before the dawn of the twentieth century until the arrival of the New Deal, one of the most protracted and deadly labor struggles in American history was waged in West Virginia. On one side were powerful corporations and industrialists whose millions bought political influence and armed guards for their company towns. On the other side were 50,000 mine workers, the nation's largest labor union, and the legendary "miners' angel," Mother Jones. Attempts to unionize were met with stiff resistance. Fundamental rights were bent, then broken, and the violence evolved from bloody skirmishes to open armed conflict. The fight for civil rights and unionization in West Virginia verged on civil war and stretched from the creeks and hollows to the courts and the U.S. Senate. In The Devil Is Here in These Hills, celebrated labor historian James Green tells this story like never before.

The energy industry is changing, and it's far more than just solar panels. Electric vehicles look to overtake gasoline-powered cars within our lifetimes, wind farms are popping up in unlikely places, traders are transforming energy into a commodity, and supercomputers are crunching vast amounts of data in nanoseconds while helping to keep our energy grids secure from hackers. The way humans produce, distribute and consume power will be cleaner, cheaper, and infinitely more complex within the next decade. In The Energy Switch, leading energy industry expert Peter Kelly-Detwiler looks at all aspects of the transformation: how we got here, where we are going, and the implications for all of us in our daily lives. Kelly-Detwiler takes readers to the frontlines of the energy revolution. Meet Rob Threlkeld, a General Motors executive who convinced the auto giant to sign multiple 20-year renewable energy contracts worth hundreds of millions; Brian Janous, the Microsoft executive responsible for greening up the cloud; and Kathy Loftus, who helps Whole Foods save power. CEO John Carrington introduces readers to his battery storage company that uses artificial intelligence to tell his batteries what to do and when to do it. Join a technician who climbs 300-foot wind towers in the Texas panhandle to make sure their blades keep spinning, and get in the car for a 400-mile road trip with Cathy Zoi and Julie Blunden as they lay the groundwork for their electric vehicle charging company. Energy creation and distribution has driven society's progress for centuries. Now, people are increasingly aware that it is imperative that humans move towards a cleaner, digitized, and democratized energy economy. The Energy Switch is about that transformation, told from the perspective of those leading us to that bright future.

This pivot considers how China deals with the globalization of its energy companies in the face of global efforts to combat climate change. It examines how China, following its emergence as the world's largest energy consumer and its resultant growing dependence on foreign energy, engages the world on energy, and its implications for global governance of energy. It notably focuses on the policy impact of China's global engagement for the accelerated "going out" strategy and the so-called "one belt one road" (OBOR) initiative, and profound climate implications for the rest of the world, contending that the type of energy services, technologies, and infrastructure China finances around the globe today will determine the global community's carbon footprint in the foreseeable future.

Civil Liability and Financial Security for Offshore Oil and Gas Activities provides insights into the liability and compensation regime for offshore-related damage. The book analyses the legal regime in a variety of states (including the US and the UK) as well as the EU regime. In addition, the various compensation mechanisms and amounts available today to compensate offshore-related damage are described and critically analysed. Moreover, the book is based on in-depth interviews with a wide variety of relevant stakeholders including insurers, representatives from supervisory authorities, and oil and gas producers. This volume also provides a variety of policy recommendations, formulated to provide an optimal compensation regime for offshore-related damage.

This is one of the first books that comprehensively explains fundamental theories of natural resource and infrastructure public private partnership (NRI-PPP) projects and project finance. NRI-PPP projects and project finance have been adopted in natural resource development, including oilfield development, mine development, and liquefied natural gas production; manufacturing, such as petrochemistry, which uses crude oil; and infrastructure-related projects such as railways, roads, airports, ports, water supply, waste treatment, communications, and electricity. An important concern during negotiations among the various stakeholders is the lack of congruence between theories underlying NRI-PPP projects and project finance and the particular, real-life business considerations of the subject project and lack of understanding of the key theories. Studies that help us understand NRI-PPP projects and project finance have been developed based on economic theories such as contract theory and the economics of law by several distinguished professors. Until now, however, in financial institutions staff in departments that specialize in project finance have developed an understanding of the theories underlying NRI-PPP projects and project finance primarily through on-the-job training during which business points of view were passed on. Principles and theories regarding NRI-PPP projects and project finance have not been taught through textbooks in these firms. In fact, there are only a few books that explain the fundamental theories for actual project structures or actual project finance. This book attempts to fill that gap by making clear the fundamental theories that exist behind the actual projects and project finance in relation to natural resources and infrastructure. Readers of this book will include not only professionals in various private sectors and banks but also those involved in PPP projects in the public sector.

A larger-than-life account of family, greed, and a courtroom showdown between Big Oil rivals from the New York Times-bestselling author of Private Empire. Pulitzer Prize-winning author Steve Coll is renowned for "his ability to take complicated, significant business stories and turn them into quick-reading engaging narratives" (Chicago Tribune). Coll is at the height of his talents in this "riveting" tale of one of the most spectacular-and catastrophic-corporate takeovers of all time (Newsday). As the head of a sprawling oil empire, J. Paul Getty was once the world's richest man. But by 1984, eight years after his death, Getty's legacy was in tatters: His children were locked in a bitter feud over the family trust and the company he founded was riven by boardroom turmoil. Then Pennzoil made an agreement with Getty's son, Gordon, to purchase Getty Oil. It was a done deal-until Texaco swooped in to claim the $10 billion prize. What followed was an epic legal battle that pit "good ole boy" J. Hugh Liedtke of Pennzoil against the Wall Street brokers behind Texaco's offer. The scandalous details of the case would shock the business world and change the landscape of the oil industry forever. With a large cast of colorful characters and the dramatic pacing of a novel, The Taking of Getty Oil is a "suspenseful" and "always intriguing" chronicle of one of the most fascinating chapters in American corporate history (Publishers Weekly).

A new edition of the classic text explaining the fundamentals of competitive electricity markets now updated to reflect the evolution of these markets and the large scale deployment of generation from renewable energy sources The introduction of competition in the generation and retail of electricity has changed the ways in which power systems function. The design and operation of successful competitive electricity markets requires a sound understanding of both power systems engineering and underlying economic principles of a competitive market. This extensively revised and updated edition of the classic text on power system economics explains the basic economic principles underpinning the design, operation, and planning of modern power systems in a competitive environment. It also discusses the economics of renewable energy sources in electricity markets, the provision of incentives, and the cost of integrating renewables in the grid. Fundamentals of Power System Economics, Second Edition looks at the fundamental concepts of microeconomics, organization, and operation of electricity markets, market participants strategies, operational reliability and ancillary services, network congestion and related LMP and transmission rights, transmission investment, and generation investment. It also expands the chapter on generation investments discussing capacity mechanisms in more detail and the need for capacity markets aimed at ensuring that enough generation capacity is available when renewable energy sources are not producing due to lack of wind or sun. Retains the highly praised first edition s focus and philosophy on the principles of competitive electricity markets and application of basic economics to power system operating and planning Includes an expanded chapter on power system operation that addresses the challenges stemming from the integration of renewable energy sources Addresses the need for additional flexibility and its provision by conventional generation, demand response, and energy storage Discusses the effects of the increased uncertainty on system operation Broadens its coverage of transmission investment and generation investment Supports self-study with end-of-chapter problems and instructors with solutions manual via companion website Fundamentals of Power System Economics, Second Edition is essential reading for graduate and undergraduate students, professors, practicing engineers, as well as all others who want to understand how economics and power system engineering interact.

This bold and controversial argument shows why energy transitions are inherently complex and prolonged affairs, and how ignoring this fact raises unrealistic expectations that the United States and other global economies can be weaned quickly from a primary dependency on fossil fuels. Energy transitions are fundamental processes behind the evolution of human societies: they both drive and are driven by technical, economic, and social changes. In a bold and provocative argument, Energy Transitions: History, Requirements, Prospects describes the history of modern society's dependence on fossil fuels and the prospects for the transition to a nonfossil world. Vaclav Smil, who has published more on various aspects of energy than any working scientist, makes it clear that this transition will not be accomplished easily, and that it cannot be accomplished within the timetables established by the Obama administration. The book begins with a survey of the basic properties of modern energy systems. It then offers detailed explanations of universal patterns of energy transitions, the peculiarities of changing energy use in the world's leading economies, and the coming shifts from fossil fuels to renewable conversions. Specific cases of these transitions are analyzed for eight of the world's leading energy consumers. The author closes with perspectives on the nature and pace of the coming energy transition to renewable conversions.

The Russian State and Russian Energy Companies analyses the development of relations between the state and five major energy companies, and how this shaped Russia's foreign policy in the post-Soviet region. The book argues that the development of Russia's political economy mattered for foreign policy over the quarter of a century from 1992 to 2018. Energy companies' roles in institutional development enabled them to influence foreign policy formation, and they became available as tools to implement foreign policy. The extent to which it happened for each company varied with their accessibility to the Russian state. Institutional development increased state capacity, in a way that strengthened Russia's political regime. The book shows how the combined power of several companies in the gas, oil, electricity, and nuclear energy industry was a key feature of Russian foreign policy, both in bilateral relationships and in support of Russia's regional position. In this way, Russia's energy resources were converted to regional influence. The book contributes to our understanding of Russia's political economy and its influence on foreign policy, and of the formation of policy towards post-Soviet states.

Civil Liability and Financial Security for Offshore Oil and Gas Activities provides insights into the liability and compensation regime for offshore-related damage. The book analyses the legal regime in a variety of states (including the US and the UK) as well as the EU regime. In addition, the various compensation mechanisms and amounts available today to compensate offshore-related damage are described and critically analysed. Moreover, the book is based on in-depth interviews with a wide variety of relevant stakeholders including insurers, representatives from supervisory authorities, and oil and gas producers. This volume also provides a variety of policy recommendations, formulated to provide an optimal compensation regime for offshore-related damage.

This brief explores the business and global implications of the American shale energy, or natural gas, revolution. Specifically, it provides a rational, comprehensive look at the major business themes and management implications that surround the new abundance of natural gas in the United States and identifies some of the most significant geopolitical considerations globally. While acknowledging some of the controversies and hazards surrounding the extraction techniques, commonly known as "fracking", the author also looks at the hopes this technique poses and details how shale energy will impact supply chains for firms. The discovery of new sources of domestic natural gas in recent years - coupled with innovations that facilitated their extraction - has altered the global landscape. However, the vast majority of the information out there for business students, faculty, and practitioners about the natural gas revolution is focused on the impact of "longer and lower" energy prices; and, secondarily, opportunities within the domestic energy sector. Each of these is crucial for business people to understand, however, the natural gas revolution is about much more. Companies of all sizes, whether they see it or not, are having new opportunities open up for their products and services. Further, the globalization of shale energy will have far reaching influence beyond simply economic factors. Geopolitical considerations and the re-structuring of international relations around shale energy will impact supply chains in a myriad of ways. This book aims to examine these opportunities. Featuring case studies from contemporary companies, this book will be of interest to students, academics, researchers, professionals and policy makers who are seeking to understand the business and global implications of the shale energy revolution.