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.

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.

A real-world guide for adapting to the new energy era The Energy Disruption Triangle is a treatise on the energy revolution's real-world impacts, and a handbook for anyone looking to weather the storm. Three major technologies are already changing the energy paradigm: solar energy, electric vehicles, and energy storage. As technology continues to evolve and become more accessible to the masses, the nation's energy habits will experience a dramatic upheaval; this book provides actionable guidance to help you adapt. We are already in the beginning stages of this black swan event, and most people don't know what's coming--but it will come much sooner and much faster than anyone thinks. This book reveals the revolution happening right before our eyes, and shows you how to thrive in this new era. Learn how our energy supplies--and usage--are changing Understand why energy storage matters, and how the technology is evolving Explore the history and future of groundbreaking energy technologies Delve into the disruption of the U.S. energy supply, and the possibility of energy independence Rapidly advancing battery technology is boosting energy storage for homeowners, utilities, and electric vehicle manufacturers, stranding fossil fuels in the ground due to the high price of extraction relative to cost-effective sources such as solar and wind. Traditional energy sources are being phased out, and our nation has come to a fork in the road: uphold the status quo and allow our energy supply to be disrupted, or adapt and advance to a state of total energy independence. The Energy Disruption Triangle explores the state of U.S. energy from source to consumer, and provides insight into the three sectors that are changing the world.

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.

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.

Considerable progress in energy efficiency in the building sector is reported in the majority of the UNECE member States, and still reaching the potential often falls short due to flawed policy frameworks, and lack of public awareness on available modern technologies and education on long-term economic and social benefits of energy efficiency improvement. This publication is prepared in response to the outlined challenges and aims to elucidate the status of implementation of energy efficiency standards in buildings and deployment of appropriate technologies, and to identify good policy practices and replicable solutions. It also proposes a set of general recommendations and priority actions arising from the analysis.

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.

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.

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.

This comprehensive new dictionary comprises over 1300 definitions and brief articles to provide an extremely useful ready-reference work on solid, liquid and gaseous fuels, including information on the scenes of production of many fuels, such as major coal reserves and large oil and gas fields. Economics are addressed with entries included for all the major indices for oil, coal and natural gas pricing. The political perspective is also dealt with, covering the oil-producing countries and OPEC; environmental issues also feature, as do entries on chemical compounds, trade names, industrial processes and much more. The book carefully traces fuel usage since industrialisation with information provided on some 19th century events such as the Drake well. However, there is a correct balance of entries in terms of the periods to which they relate and thoroughly modern topics such as enhanced oil recovery are featured. Users of the Dictionary will gain an appreciation of the development of fuel and energy technology and sense the continuity or, in some cases, revival of ideas. As an example, what is now known as 'BTU conversion' and often treated as if it were novel is, in fact, a return to gasification technologies that were used a century or more ago! "The Dictionary of Energy and Fuels" is a reliable reference work on fuel and energy which will remain of great usefulness despite any future changes and trends in related technologies. This easy-to-use dictionary will be of great value to undergraduates, postgraduates and professionals in fuel technology, industrial chemistry, chemical and mechanical engineering and whenever a ready-reference on energy and fuels is required.

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.

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.

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.

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.

At the time of its collapse in 2001, Enron was one of the largest companies in the world, boasting revenue of over $100 billion. During the 1990s economic boom, the Houston, Texas-based energy company had diversified into commodities and derivatives trading and many other ventures-some more legal than others. In the lead-up to Enron's demise, it was revealed that the company's financial success was sustained by a creatively planned and well-orchestrated accounting fraud. The story of Enron and its disastrous aftermath has since become a symbol of corporate excess and negligence, framed as an exceptional event in the annals of American business. With Risk and Ruin, Gavin Benke places Enron's fall within the larger history and culture of late twentieth-century American capitalism. In many ways, Benke argues, Enron was emblematic of the transitions that characterized the era. Like Enron, the American economy had shifted from old industry to the so-called knowledge economy, from goods to finance, and from national to global modes of production. Benke dives deep into the Enron archives, analyzing company newsletters, board meeting minutes, and courtroom transcriptions to chart several interconnected themes across Enron's history: the changing fortunes of Houston; the shifting attitudes toward business strategy, deregulation, and the function of the market among policy makers and business leaders; and the cultural context that accompanied and encouraged these broader political and economic changes. Considered against this backdrop, Enron takes on new significance as a potent reminder of the unaddressed issues still facing national and global economies. Published in cooperation with the William P. Clements Center for Southwest Studies at Southern Methodist University.

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.

For nearly 400 years, Black Americans have been torn between two constructions of America: the Jeffersonian promise of a just republic and the nightmare of racial oppression. This text traces the emergence of Black political cultures in the United States from slave resistances in the 16th and 17th centuries to the civil rights movements of the late 20th century. Drawing on the historical record, it argues that Blacks have constructed both a culture of resistance and a culture of accommodation based on the radically different experiences of slaves and free Blacks. The author describes accommodation as informed by republicanism in the early American national period and an identification with the values, ideals and aspirations articulated in the Declaration of Independence and the Constitution. Alternatively, resistance was forged from a succession of quests: the return to Africa; escape and alliances with anti-colonial native American resistance; and eventually emigration.

The safe and continued functioning of critical infrastructures-such as electricity, natural gas, transportation, and water-is a social imperative. Yet the complex connections between these systems render them increasingly precarious. Furthermore, though we depend so heavily on interconnected infrastructures, we do not fully understand the risks involved in their failure. Emery Roe and Paul R. Schulman argue that designs, policies, and laws often overlook the knowledge and experiences of those who manage these systems on the ground-reliability professionals who have vital insights that would be invaluable to planning. To combat this major blind spot, the athors construct a new theoretical perspective that reveals how to make sense of complex interconnected networks and improve reliability through management, regulation, and political leadership. To illustrate their approach in action, they present a multi-year case study of one of the world's most important "infrastructure crossroads," the San Francisco Bay-Delta. Reliability and Risk advances our understanding of what it takes to ensure the dependability of the intricate-and sometimes hazardous-systems on which we rely every day.

Hydro-Quebec manages one of the largest power grids on the continent. It is among the most profitable, the least expensive and the greenest. With a stunning renewable energy rate of 99.8 percent, Quebec has two-generation advance on places like California and Ontario. Combining a reporters' style with thought, philosophy and a touch of humour, Jean-Benoit Nadeau and Julie Barlow look into Hydro-Quebec's future - with an eye also on the past - as the public utility marks the 75th anniversary of its founding. The future is now and it is electric. It spans widely diverse fields such as big data aggregation centres, exports to the United States, acquisitions in Mexico, Chinese buses, mega-batteries, bitcoins, charging stations and much more.Between now and Hydro-Quebec's 100th anniversary, the challenges will be vast. As our habits and expectations change radically everything will be on the table, from solar panels to rates, from remote heating control to underground power lines, and from the environment to relations with the indigenous peoples.

This book presents a critical review of the status of energy security in Asia and suggests how a country or a region collectively can achieve energy security in two broad aspects. First, it analyzes how regional cooperation and energy trade can enhance energy security in the region. Second, it reviews how energy security can be ensured in national and regional general contexts. From the reviews and analyses, this book asserts that diversification and integration are key to ensuring energy security. It presents policy implications for enhancing energy security, especially in resource-rich as well as resource-poor developing countries in Asia.

In recent decades, network industries around the world have gone through periods of de- and re-regulation. With vast amounts of sometimes conflicting research carried out into specific network industries, the time has come for a critical over-arching assessment of this entire industry in order to provide a platform of understanding to aid future research and practice. This comprehensive resource provides an orientation for academics, policy makers and managers as to the main economic, regulatory and commercial challenges in the network industries. The book is split into sections covering market, policy, regulation, management perspectives, whilst all of the key network industries are covered, including energy, transport, water and telecommunications. Overseen by world-class Editors and experts in the field, this inter-disciplinary resource is essential reading for students and researchers in international business, industrial economics and the industries.