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Author: Morgan Bazilian
Publisher: Elsevier
ISBN: 0080915310
Category : Business & Economics
Languages : en
Pages : 367
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Book Description
Analytical Methods for Energy Diversity and Security is an ideal volume for professionals in academia, industry and government interested in the rapidly evolving area at the nexus between energy and climate change policy. The cutting-edge international contributions allow for a wide coverage of the topic. Analytical Methods for Energy Diversity and Security focuses on the consideration of financial risk in the energy sector. It describes how tools borrowed from financial economic theory, in particular mean-variance portfolio theory, can provide insights on the costs and benefits of diversity, and thus inform investment decision making in conditions of uncertainty. It gives the reader an in-depth understanding of how to manage risk at a time when the world's focus is on this area. The book provides insights from leading authorities in the area of energy security. It gives readers abundant, rigorous analysis and guidance at a critical time in facing the twin challenges of energy security and climate change. The book also highlights the role of clean energy technology in moving towards future diverse and intelligent electricity systems. It will be a trusted, first point of reference for decision-makers in the field of energy policy. The book includes a foreword by the 2007 Nobel Peace Prize winner. All royalties from sale of this book will be donated to charities working in the energy sector in the developing world. - Theoretical underpinning and applied use of Portfolio theory in the energy sector - In-depth consideration of risk - Contributions from leading international energy economists - Innovative methodologies for thinking about energy security and diversity
Author: Morgan Bazilian
Publisher: Elsevier
ISBN: 0080915310
Category : Business & Economics
Languages : en
Pages : 367
Get Book Here
Book Description
Analytical Methods for Energy Diversity and Security is an ideal volume for professionals in academia, industry and government interested in the rapidly evolving area at the nexus between energy and climate change policy. The cutting-edge international contributions allow for a wide coverage of the topic. Analytical Methods for Energy Diversity and Security focuses on the consideration of financial risk in the energy sector. It describes how tools borrowed from financial economic theory, in particular mean-variance portfolio theory, can provide insights on the costs and benefits of diversity, and thus inform investment decision making in conditions of uncertainty. It gives the reader an in-depth understanding of how to manage risk at a time when the world's focus is on this area. The book provides insights from leading authorities in the area of energy security. It gives readers abundant, rigorous analysis and guidance at a critical time in facing the twin challenges of energy security and climate change. The book also highlights the role of clean energy technology in moving towards future diverse and intelligent electricity systems. It will be a trusted, first point of reference for decision-makers in the field of energy policy. The book includes a foreword by the 2007 Nobel Peace Prize winner. All royalties from sale of this book will be donated to charities working in the energy sector in the developing world. - Theoretical underpinning and applied use of Portfolio theory in the energy sector - In-depth consideration of risk - Contributions from leading international energy economists - Innovative methodologies for thinking about energy security and diversity
Author: Morgan Bazilian
Publisher:
ISBN:
Category : Electric power production
Languages : en
Pages :
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Book Description
Given the uncertain environment in which utilities make their investment decisions, it makes sense to shift electricity planning from its current emphasis on evaluating alternative technologies to evaluating alternative electricity generating portfolios and strategies. The techniques for doing this are rooted in modern finance theory - in particular mean-variance portfolio theory, based on the pioneering work of Nobel Laureate Harry Markowitz 50 years ago. Portfolio analysis is widely used by financial investors to create low risk, high return portfolios under various economic conditions. In essence, investors have learned that an efficient portfolio takes no unnecessary risk to its expected return. In short, these investors define efficient portfolios as those that maximise the expected return for any given level of risk, while minimising risk for every level of expected return. Portfolio theory is highly suited to the problem of planning and evaluating electricity portfolios and strategies because energy planning is not unlike investing in financial securities where financial portfolios are widely used by investors to manage risk and to maximise performance under a variety of unpredictable outcomes. Similarly, it is important to conceive of electricity generation not in terms of the cost of a particular technology today, but in terms of its portfolio cost. At any given time, some alternatives in the portfolio may have high costs while others have lower costs, yet over time, an astute combination of alternatives can serve to minimise overall generation cost relative to the risk. In sum, when portfolio theory is applied to electricity generation planning, conventional and renewable alternatives are not evaluated on the basis of their stand-alone cost, but on the basis of their portfolio cost - that is: their contribution to overall portfolio generating cost relative to their contribution to overall portfolio risk. Portfolio-based electricity planning techniques thus suggest ways to develop diversified generating portfolios with known risk levels that are commensurate with their overall electricity generating costs. Simply put, these techniques help identify generating portfolios that can minimise a utility or society's energy price cost and risk. Foreword by Dr. Pachauri, the 2007 winner of the Nobel Prize for Peace The book will give insights from world authorities in the area of electricity capacity planning, meaning that the book will be a trusted, first point of reference for decision makers in the field. The book evaluates the role of renewables in enhancing energy diversity, giving readers alternative advice to traditional energy sources at a time when this advice is being actively sought. This is an ideal volume for professionals in academia, industry and government interested in the rapidly evolving world of electricity planning and is written by experts from all three areas meaning that readers can relate to the contributors themselves and the situations they describe.
Author: Carlos Henggeler Antunes
Publisher: MDPI
ISBN: 3039211188
Category : Technology & Engineering
Languages : en
Pages : 194
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Book Description
This book is a printed edition of the Special Issue Optimisation Models and Methods in Energy Systems that was published in Energies
Author: Qipeng P. Zheng
Publisher: Springer Science & Business Media
ISBN: 3642274315
Category : Mathematics
Languages : en
Pages : 398
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Book Description
The Handbook of CO2in Power Systems' objective is to include the state-of-the-art developments that occurred in power systems taking CO2emission into account. The book includes power systems operation modeling with CO2emissions considerations, CO2market mechanism modeling, CO2regulation policy modeling, carbon price forecasting, and carbon capture modeling. For each of the subjects, at least one article authored by a world specialist on the specific domain is included.
Author: Israel Solorio
Publisher: Edward Elgar Publishing
ISBN: 1783471565
Category : Business & Economics
Languages : en
Pages : 361
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Book Description
This book is a guide for understanding the EU renewable energy policy as one of the most ambitious attempts world-wide to facilitate a transition towards more sustainable energy systems. It contains key case studies for understanding how member states have shaped the EU renewable energy policy, how the EU has affected the policies of its member states and how renewable energy policies have diffused horizontally. An analysis of the external dimension of the EU renewable energy policy is also included.
Author: Rigoberto Ariel Yépez-García
Publisher: World Bank Publications
ISBN: 0821395785
Category : Business & Economics
Languages : en
Pages : 182
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Book Description
This book addresses the need of oil-importing countries to mitigate vulnerability to oil price volatility. It offers financial instruments to manage price risk, complemented by structural measures designed to reduce oil consumption.
Author: André Dorsman
Publisher: Springer Science & Business Media
ISBN: 3642197094
Category : Business & Economics
Languages : en
Pages : 229
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Book Description
Energy production and supply, as well as sourcing and consumption, are becoming evermore important in a volatile world. In this book, attention is paid to prevalent energy issues from a finance perspective. The topics discussed cover markets, prices, regulations and firms. An international group of authors from both academia and energy practice provides in twelve chapters a state of the art of the energy markets in a finance environment. They do so by discussing the current knowledge and presenting empirical research in this quickly changing and developing field. This book is the first in a planned series on energy at a high scientific level organized by the Centre for Energy and Value Issues (CEVI).
Author: Charles W Donovan
Publisher: World Scientific
ISBN: 1786348616
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
Foreword by Lord Browne of MadingleyReviews of the First Edition:'The entire text is quite readable and can be moved through with relative ease. This reviewer heartily recommends that, regardless of your background, you read this book to really get a grasp of the cutting-edge of climate finance.'LSE Review of BooksRenewable Energy Finance (Second Edition) describes in rich detail current best practices and evolving trends in clean energy investing. With contributions by some of the world's leading experts in energy finance, the book documents how investors are spending over $300 billion each year on financing renewable energy and positioning themselves in a growing global investment market. This second edition documents, with practical examples, the ways in which investors have funded over $2.6 trillion in solar, wind, and other renewable energy projects over the past decade. The book will be a go-to reference manual for understanding the factors that shape risk and return in renewable energy, the world's fastest growing industrial sector. The book is suitable for executives new to the field, as well as advanced business students.Edited by Dr Charles Donovan, Principal Teaching Fellow at Imperial College Business School and formerly Head of Structuring and Valuation for Global Power at BP, the book will give readers a unique insiders' perspective on how renewable energy deals actually get done.
Author: Jean-Michel Glachant
Publisher: Edward Elgar Publishing
ISBN: 184980480X
Category : Business & Economics
Languages : en
Pages : 335
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Book Description
This book fills a gap in the existing literature by dealing with several issues linked to long-term contracts and the efficiency of electricity markets. These include the impact of long-term contracts and vertical integration on effective competition, generation investment in risky markets, and the challenges for competition policy principles. On the one hand, long-term contracts may contribute to lasting generation capability by allowing for a more efficient allocation of risk. On the other hand, they can create conditions for imperfect competition and thus impair short-term efficiency. The contributors – prominent academics and policy experts with inter-disciplinary perspectives – develop fresh theoretical and practical insights on this important concern for current electricity markets. This highly accessible book will strongly appeal to both academic and professional audiences including scholars of industrial, organizational and public sector economics, and competition and antitrust law. It will also be of value to regulatory and antitrust authorities, governmental policymakers, and consultants in electricity law and economics.
Author: Intergovernmental Panel on Climate Change
Publisher: Cambridge University Press
ISBN: 1316395375
Category : Science
Languages : en
Pages : 1458
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Book Description
This latest Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) will again form the standard reference for all those concerned with climate change and its consequences, including students, researchers and policy makers in environmental science, meteorology, climatology, biology, ecology, atmospheric chemistry and environmental policy.
