A unified theory of conservation that addresses the broad problem of conservation, the principles that inform conservation choices, and the application of those principles to the management of the natural world. The conservation of natural resources, like that of any other asset, involves trade-offs. Yet, in a world faced with the harsh realities of climate change, crafting the right environmental policies is an increasingly urgent task. In Conservation, Charles Perrings and Ann Kinzig bring together new research in economics and biodiversity to investigate conservation decisions and the theory behind them. Perrings and Kinzig apply the concept of conservation broadly to examine how the principles of conservation apply to the management of the natural world. They demonstrate that the same basic principles serve as the foundation of all rational conservation decisions, from managing financial assets to safeguarding at-risk ecosystems. Whether someone is deciding to hold or dispose of a stock or whether to exploit or preserve a natural resource, they are better off choosing to conserve a resource when its value to them, if conserved, is greater than its value when converted. The book also considers the context of such conservation decisions. Just as national tax rules influence choices about financial investments, environmental regulations within countries, and environmental agreements between countries, impact the decisions regarding natural resources. Building on their basic theory of conservation, Perrings and Kinzig address key issues in the field of environmental economics, including the valuation of ecosystem services and environmental assets; the limits on the substitutability of produced and natural capital; and the challenges posed by the often weak markets for ecosystem services oriented toward the public good. They also address the problem of scale: while decisions might be easier to make at the local level, many conservation policies need to apply at either the national or international level to succeed. Written by experts from both social and hard sciences, this book presents a unified theory of conservation and provides a model for a more effective way to approach the vitally important issue.

Ist die Energieversorgung in Europa allein auf der Basis von Sonnen- und Windenergie moglich? Der Autor zeigt aufgrund aktueller Berechnungen auf, dass dies mit Unterstutzung von Speicherkraftwerken eine reale Option ist. Er ermittelt den Kapazitatsbedarf fur Speicherkraftwerke zum Ausgleich zwischen einer wetterabhangigen Stromgewinnung und dem Verbrauch und stellt neue Typen von Pumpspeicherkraftwerken vor, die die Speicherlucke schliessen konnten. Er pladiert auch fur eine gesamtwirtschaftliche Optimierung von Windkraftanlagen durch eine Erhohung ihres Benutzungsgrads. Als weiteren entscheidenden Faktor fuhrt er die geschickte Abstimmung aller Parameter ins Feld, um eine sichere, bedarfsgerechte Stromversorgung zu gewahrleisten."

Modeling the dynamics of energy markets has become a challenging task. The intensification of their financialization since 2004 had made them more complex but also more integrated with other tradable asset classes. More importantly, their large and frequent fluctuations in terms of both prices and volatility, particularly in the aftermath of the global financial crisis 2008-2009, posit difficulties for modeling and forecasting energy price behavior and are primary sources of concerns for macroeconomic stability and general economic performance.This handbook aims to advance the debate on the theories and practices of quantitative energy finance while shedding light on innovative results and technical methods applied to energy markets. Its primary focus is on the recent development and applications of mathematical and quantitative approaches for a better understanding of the stochastic processes that drive energy market movements. The handbook is designed for not only graduate students and researchers but also practitioners and policymakers.

It is now almost impossible to conceive of life in western Europe, either in the towns or the countryside, without a reliable mains electricity supply. By 1938, two-thirds of rural dwellings had been connected to a centrally generated supply, but the majority of farms in Britain were not linked to the mains until sometime between 1950 and 1970. Given the significance of electricity for modern life, the difficulties of supplying it to isolated communities, and the parallels with current discussions over the provision of high-speed broadband connections, it is surprising that until now there has been little academic discussion of this vast and protracted undertaking. This book fills that gap. It is divided into three parts. The first, on the progress of electrification, explores the timing and extent of electrification in rural England, Wales and Scotland; the second examines the effects of electrification on rural life and the rural landscape; and the third makes comparisons over space and time, looking at electrification in Canada and Sweden and comparing electrification with the current problems of rural broadband.

The most commonly used biological wastewater treatment technologies still have serious technical-economical and sustainability-related limitations, due to their high energy requirements, poor effluent quality, and lack of energy and resource recovery processes. In this thesis, novel electrochemical membrane bioreactors (EMBRs), which take advantage of membrane separation and bioelectrochemical techniques, are developed for wastewater treatment and the simultaneous recovery of energy and resources. Above all, this innovative system holds great promise for the efficient wastewater treatment and energy recovery. It can potentially recover net energy from wastewater while at the same time harvesting high-quality effluent. The book also provides a proof-of-concept study showing that electrochemical control might offer a promising in-situ means of suppressing membrane fouling. Lastly, by integrating electrodialysis into EMBRs, phosphate separation and recovery are achieved. Hence, these new EMBR techniques provide viable alternatives for sustainable wastewater treatment and resource recovery.

This book describes the development, functioning, and results of a successful binational program to promote significant scientific advances in Earth-abundant photovoltaics (PV) and concentrated solar power (CSP), advanced process/manufacturing technologies, multiscale modeling and reliability testing, and analysis of integrated solar energy systems. SERIIUS is a consortium between India and the United States dedicated to developing new solar technologies and assessing their potential impact in the two countries. The consortium consists of nearly 50 institutions including academia, national laboratories, and industry, with the goal of developing significant new technologies in all areas of solar deployment. In addition, the program focused on workforce development through graduate students, post-doctoral students, and an international exchange program. Particular emphasis was placed on the following efforts: Creating disruptive technologies in PV and CSP through high-impact fundamental and applied research and development (R&D). Identifying and quantifying the critical technical, economic, and policy issues for solar energy development and deployment in India. Overcoming barriers to technology transfer by teaming research institutions and industry in an effective project structure. Building a new platform for binational collaboration using a formalized R&D project structure, along with effective management, coordination, and decision processes. Creating a sustainable network and workforce development program from which to build large collaborations and fostering a collaborative culture and outreach programs. This includes using existing and new methodologies for collaboration based on advanced electronic and web-based communication to facilitate functional international teams. The book summarizes the general lessons learned from these experiences.

The next few decades will see a profound energy transformation throughout the world. By the end of the century, we will shift from fossil fuel dependence to reply primarily on renewable sources like solar, wind biomass, and geothermal power. Driven by the need to avert catastrophic climate change and by the depletion of easily-accessible oil, coal, and natural gas, this transformation will entail a major shift in how we live. What might a 100% renewable future look like? Which technologies will play a critical role in our energy future? What challenges will we face in this transition? And how we can make sure our new system is just and equitable? In Our Renewable Future, expert Richard Heinberg and scientist David Frindley explore the challenges and opportunities presented by the shift to renewable energy. Beginning with a comprehensive overview of our current energy system, the author's survey issues of energy supply and demand in key components of society, including electricity generation, transportation, housing and manufacturing. In their detailed review of each sector, the authors examine the most crucial challenges we face, from intermittency in fuel sources to energy storage and grid redesign. The book concludes with a discussion of energy and equity and a summary of key lessons and steps forward at the individual, community, and national level. The transition to clean energy will not be a simple matter of replacing coal with wind power of oil with solar; it will require society to adapt our energy usage as dramatically as we adapt our energy sources. Our Renewable Future is a clear eyed and urgent guide to this transformation that will be a crucial resource for policymakers and energy activists. The Authors - Richard Heiberg is a Senior Fellow of the Post Carbon Institute and is widely regarded as one of the world's foremost educators about the need to transition away from fossil fuels. He has authored twelve books, including The party's Over: Oil, War, and the Fate of Industrial Societies and After burn: Society Beyond Fossil Fuels, and scores of essays and articles that have appeared in such journals as Nature, The American Prospect, The pacific standard, Public Policy Research, Quarterly Review, The Ecologist, Resurgence, The Futurist, European Business Review, Earth Island Journal and The Sun. David Fridley has been staff scientists at the Energy Analysis Program at the Lawrence Berkeley National Laboratory in California since 1995. He is also Dubiety Group Leader of Lawrence Berkeley's China Energy Group, which collaborates with China on end-user energy efficiency, government energy management programmes and energy policy research. Fridley has written and spoken extensively on the energy and ecological limits of biofuels and serves as Renewable Energy & Energy Efficiency Fellow at Post Carbon Institute.

As power and gas markets are becoming more and more mature and globally competitive, the importance of reaching maximum potential economic efficiency is fundamental in all the sectors of the value chain, from investments selection to asset optimization, trading and sales. Optimization techniques can be used in many different fields of the energy industry, in order to reduce production and financial costs, increase sales revenues and mitigate all kinds of risks potentially affecting the economic margin. For this reason the industry has now focused its attention on the general concept of optimization and to the different techniques (mainly mathematical techniques) to reach it. Optimization Methods for Gas and Power Markets presents both theoretical elements and practical examples for solving energy optimization issues in gas and power markets. Starting with the theoretical framework and the basic business and economics of power and gas optimization, it quickly moves on to review the mathematical optimization problems inherent to the industry, and their solutions - all supported with examples from the energy sector. Coverage ranges from very long-term (and capital intensive) optimization problems such as investment valuation/diversification to asset (gas and power) optimization/hedging problems, and pure trading decisions. This book first presents the readers with various examples of optimization problems arising in power and gas markets, then deals with general optimization problems and describes the mathematical tools useful for their solution. The remainder of the book is dedicated to presenting a number of key business cases which apply the proposed techniques to concrete market problems. Topics include static asset optimization, real option evaluation, dynamic optimization of structured products like swing, virtual storage or virtual power plant contracts and optimal trading in intra-day power markets. As the book progresses, so too does the level of mathematical complexity, providing readers with an appreciation of the growing sophistication of even common problems in current market practice. Optimization Methods for Gas and Power Markets provides a valuable quantitative guide to the technicalities of optimization methodologies in gas and power markets; it is essential reading for practitioners in the energy industry and financial sector who work in trading, quantitative analysis and energy risk modeling.

What went wrong with American business at the end of the 20th century? Until the spring of 2001, Enron epitomized the triumph of the New Economy. Feared by rivals, worshipped by investors, Enron seemingly could do no wrong. Its profits rose every year; its stock price surged ever upward; its leaders were hailed as visionaries. Then a young Fortune writer, Bethany McLean, wrote an article posing a simple question - how, exactly, does Enron make its money? Within a year Enron was facing humiliation and bankruptcy, the largest in US history, which caused Americans to lose faith in a system that rewarded top insiders with millions of dollars, while small investors lost everything. It was revealed that Enron was a company whose business was an illusion, an illusion that Wall Street was willing to accept even though they knew what the real truth was. This book - fully updated for the paperback - tells the extraordinary story of Enron's fall.

The implications of rising greenhouse gas emissions is an issue of major public and political interest - a position reflected in the UK's 2019 legislative commitment to be "Net Zero by 2050". This Special Report explores the central themes arising from the low carbon energy transition and explains why the challenges faced in delivering Net Zero should not be underestimated. It sets out how the road to Net Zero will involve a repurposing of not only our energy system but also our own behaviour. With a focus on power generation, the report also describes how moving from 53% to 100% 'low carbon' power generation in 30 years will require investment in renewable technologies at an unprecedented level. Key questions examined in the report include: *How important is renewable technology to global and UK energy supply? Have renewable projects been successful in stabilising harmful levels of greenhouse gas emissions? *What is the Paris Agreement and Net Zero policy, where did they come from and how realistic are their goals? *What are the UK's main generation technologies? What policy drivers determine investment in renewable technology? *What new technologies will be required to deliver Net Zero? Written with both the lawyer and non-lawyer in mind, this report will appeal to those with an interest in the energy sector as well as those who are enthusiastic about the implications of the radical Net Zero ambition on the energy system as a whole.

For a growing number of countries in Africa the discovery and exploitation of natural resources is a great opportunity, but one accompanied by considerable risks. Countries dependent on oil, gas, and mining have tended to have weaker long-run growth, higher rates of poverty, and greater income inequality than less resource-abundant economies. For these resource producing economies relative prices make it more difficult to diversify into activities outside of the resource sector, limiting structural change. Mining for Change: Natural Resources and Industry in Africa presents research undertaken to understand how better management of the revenues and opportunities associated with natural resources can accelerate diversification and structural change in Africa. It begins with essays on managing the boom, the construction sector, and linking industry to the major issues that frame the question of how to use natural resources for structural change. It reports the main research results for five countries-Ghana, Mozambique, Uganda, Tanzania and Zambia. Each country study covers managing the boom, the construction sector, and linking industry to the resource. Mining for Change argues that good policy can make a difference and sets out ideas for policy change and widening the options for structural change. . An open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence.

This book discusses issues of geoecological (GER) and geopolitical (GPR) risks due to hydrocarbon development of the Arctic. The authors explain the ethical and philosophical foundations of understanding environmental equity and justice in relation to the development of Arctic natural resources and consider various approaches to the moral aspects of making global management decisions in the field of environmental protection and environmental safety. Special attention is paid to analysis of modern geopolitical and geostrategic challenges to the development of the Arctic region. The monograph identifies the key geopolitical factors affecting the sustainable development of the Arctic and analyzes the similarities and differences in the geostrategic positions of the five Arctic states. The authors reveal the need to consider geopolitical challenges in the process of GER analysis for oil and gas development in the Arctic region. The book explores the intersection of the strategic interests for a number of states and describes Russia's inability to ensure environmental safety in the development of Arctic deposits. The book analyzes in detail each type of GER with an emphasis on their potential to lead to additional opportunities and threats, and assesses environmental rating as an indicator of the GER management process of Russian oil and gas companies operating in the Arctic. Although the main focus is on the Russian part of this region, many arguments and conclusions are quite applicable to the entire Arctic region. The consideration of geoecological and geopolitical aspects of the development of Arctic resources with the example of Russian oil and gas companies sheds light on the entire Arctic region, taking into account the interests of all other national and international companies involved in GER and GPR there.

The book contains select proceedings of the International Conference on Smart Grid Energy Systems and Control (SGESC 2021). The proceedings is divided into 03 volumes, and this volume focuses on power electronics, machines, systems integrations, and high voltage engineering. This book is a unique collection of chapters from different areas with a common theme and will be immensely useful to academic researchers and practitioners in the industry.

Thought leaders and experts offer the most current information and insights into energy finance

"Energy Finance" offers the most up-to-date information and compelling insights into the finance and economics of energy. With contributions from today's thought leaders who are experts in various areas of energy finance and economics, the book provides an overview of the energy industry and addresses issues concerning energy finance and economics.

The book focuses on a range of topics including corporate finance relevant to the oil and gas industry as well as addressing issues of unconventional, renewable, and alternative energy.A timely compendium of information and insights centering on topics related to energy financeWritten by Betty and Russell Simkins, two experts on the topic of the economics of energyCovers special issues related to energy finance such as hybrid cars, energy hedging, and other timely topics

In one handy resource, the editors have collected the best-thinking on energy finance.

Energy Fables: Challenging Ideas in the Energy Sector takes a fresh look at key terms and concepts around which energy research and policy are organised. Drawing on recent research in energy and transport studies, and combining this with concepts from sociology, economics, social theory and technology studies, the chapters in this collection review and challenge different aspects of received wisdom. Brief but critical introductions to classic notions like those of 'energy efficiency', 'elasticity', 'energy services' and the 'energy trilemma', together with discussions and analyses of well-worn phrases about 'low hanging fruit' and 'keeping the lights on', articulate aspects of the energy debate that are often taken for granted. In re-working these established themes and adding twists to familiar tales, the authors develop a repertoire of new ideas about the fundamentals of energy demand and carbon reduction. This book presents a valuable and thought-provoking resource for students, researchers and policy-makers interested in energy demand, politics and policy.

The Covid-19 pandemic is a repeating biophysical shock yet one for which our current socio-economic structure was not prepared. Climate change, scarcity, depletion of natural resources, and the inevitable transition to renewable energy are one time events. Taken together, they present an existential threat to human society. This book is a guide to navigating these megatrends, which confront us now but whose consequences will unfold over decades. By presenting clear options on the path to a renewable energy future, this book gives readers a broad perspective as well as detailed, well-illustrated examples to weigh in making decisions which will secure stability and prosperity for their families, their communities and their nations.

Examining local content law and policy in the oil and gas industry, this book uses Nigeria as a primary case study, comparing its approach to countries such as Brazil and Norway which have also adopted local content laws in relation to their gas and oil industries. In considering various aspects of local content law and policy as they apply to the oil and gas industry, the book examines the factors behind the formulation of local content policies by petroleum producing states, and the various strategies they have employed to implement them. It analyses arguments against local content requirements from the perspective of international trade and investment law, and from liberal market economic theorists, who argue against its overall usefulness. The book highlights salient aspects of the oil and gas industry such as regulation, national oil companies, treatment of minorities, and policy formulation and implementation.

For 200 years industrial civilization has relied on the combustion of abundant and cheap carbon fuels. But continued reliance has had perilous consequences. On the one hand there is the insecurity of relying on the world's most unstable region - the Middle East - compounded by the imminence of peak oil, growing scarcity and mounting prices. On the other, the potentially cataclysmic consequences of continuing to burn fossil fuels, as the evidence of accelerating climate change shows. Yet there is a solution: to make the transition to renewable sources of energy and distributed, decentralized energy generation. It is a model that has been proven, technologically, commercially and politically, as Scheer comprehensively demonstrates here. The alternative of a return to nuclear power - again being widely advocated - he shows to be compromised and illusory. The advantages of renewable energy are so clear and so overwhelming that resistance to them needs diagnosis - which Scheer also provides, showing why and how entrenched interests and one-dimensional structures of thinking oppose the transition, and what must be done to overcome these obstacles. The new book from the award-winning author of THE SOLAR ECONOMY and A SOLAR MANIFESTO demonstrates why the transition to renewable energy is essential and how it can be done.

High energy prices affect nearly the whole of the American population, arguably affecting some consumer groups more than others. Although originally published in 1981, the issues explored in this study such as who is affected most by energy price increases, regional differences and what can or should be done in the United States in regards to energy costs are still as relevant today as they were then. These papers attempt to directly address these concerns in the wake of the 1979-80 price shock in America and to advise what action can be taken to allay these concerns. This title will be of interest to students of environmental studies and economics.

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.

In recent years the concept of the resource "nexus" has been both hotly debated and widely adopted in research and policy circles. It is a powerful new way to understand and better govern the myriad complex relationships between multiple resources, actors and their security concerns. Particular attention has been paid to water, energy and food interactions, but land and materials emerge as critical too. This comprehensive handbook presents a detailed review of current knowledge about resource nexus-related frameworks, methods and governance, including a broad set of inter-disciplinary perspectives. Written by an international group of scholars and practitioners, the volume focuses on rigorous research, including tools, methods and modelling approaches to analyse resource use patterns across societies and scales from a "nexus perspective". It also provides numerous examples from political economy to demonstrate how resource nexus frameworks can illuminate issues such as land grabs, mining, renewable energy and the growing importance of economies such as China, as well as to propose lessons and outlooks for sound governance. The volume seeks to serve as an essential reference text, source book and state-of-the-art, science-based assessment of this increasingly important topic - the resource nexus - and its utility in efforts to enhance sustainability of many kinds and implement the United Nations Sustainable Development Goals in an era of environmental and geopolitical change.

East Asia is a key region in the global economy, including both the second and third largest global economies already and, led by China, continuing to expand at a rapid rate. This economic growth has led to unprecedented gains in prosperity in the region but it has also led to increasing environmental pressures and energy issues. This book assesses ways in which East Asia can continue or even increase existing rates of economic growth while at the same time reducing greenhouse gas emissions and other environmental degradation. Using advanced modelling approaches, future scenarios for four East Asian countries are assessed in detail, including analysis of particular challenges in each country (e.g. coal power in China, nuclear power in Japan). Prospects for each country's energy system are assessed in detail and the potential effects of various types of Environmental Tax Reform in the four countries are also considered carefully. The final section of the book explores the interaction between trade liberalization, a key driver of growth, and emission levels in the East Asia region.