Analytical Methods for Energy Diversity and Security: by Morgan Bazilian, Fabien Roques

By Morgan Bazilian, Fabien Roques

This can be an incredible quantity for execs in academia, and govt drawn to the swiftly evolving quarter on the nexus among power and weather swap coverage. The state of the art overseas contributions let for a large assurance of the subject. power variety and defense makes a speciality of the distinction of economic possibility within the power area. It describes how instruments borrowed from monetary monetary thought, specifically mean-variance portfolio thought, supplies insights at the expenditures and merits of range, and therefore tell funding determination making in stipulations of uncertainty. It offers the reader an in-depth realizing of ways to control danger at a time while the world's concentration is in this quarter. The e-book offers insights from prime gurus within the quarter of strength defense. It supplies readers ample, rigorous research and counsel at a severe time in dealing with the dual demanding situations of power safety and weather swap. The e-book additionally highlights the position of unpolluted power expertise in relocating in the direction of destiny assorted and clever electrical energy platforms. it is going to be a relied on, first aspect of reference for decision-makers within the box of strength policy.The publication incorporates a foreword by means of the 2007 Nobel Peace Prize winner. All royalties from sale of this e-book may be donated to charities operating within the strength area within the constructing international. . Theoretical underpinning and utilized use of Portfolio concept within the power zone. In-depth attention of chance. Contributions from prime foreign strength economists. cutting edge methodologies for brooding about strength safeguard and variety

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Extra resources for Analytical Methods for Energy Diversity and Security: Portfolio Optimization in the Energy Sector: A Tribute to the work of Dr. Shimon Awerbuch (Elsevier Global Energy Policy and Economics Series)

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But it also focuses on the governance processes through which these more sustainable pathways are pursued, involving greater democratic accountability in technology choice and improved community empowerment in the managing of local energy resources and infrastructures. Likewise, in introducing the principle of precaution, this broader sustainability agenda also recognizes the pervasive role of uncertainty. Taken together, this wider (well-established and internationally recognized) understanding of sustainability presents a formidable imperative for industrial and social change.

Stirling argues that uncertainty and ignorance, rather than risk, dominate real electricity investment decisions, and conceptualizes diversification as a response to these more intractable knowledge deficiencies. 7 Stirling (1998) shows that diversity can be considered from different angles, notably variety (the number of available options, categories, species), balance 6 Term contracts – often covering very long terms of 20 or more years – account for well over 95% of bulk gas trade in continental Europe (almost 100% outside Belgium and the Netherlands).

And McClain, K. (1998). Reducing the impacts of energy price volatility through dynamic portfolio selection. The Energy Journal, 19(3), 107–131. , Isard, P. and Laxton, D. (2002). The macroeconomic effects of higher oil prices. National Institute Economic Review, 179. London: NIESR (January). International Energy Agency (2004). The Impact of High Oil Prices on the Global Economy. Economic Analysis Division Working Paper. Paris: OECD/IEA (May). pdf International Energy Agency (2006). World Energy Outlook.

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