{"title":"Predicting Share Price of Energy Companies: June-September 2009","authors":"I. Kitov","doi":"10.2139/ssrn.1423430","DOIUrl":"https://doi.org/10.2139/ssrn.1423430","url":null,"abstract":"Previously, we have revealed the presence of a reliable linear dependence between share prices of energy-related companies and the difference between CPI and core CPI: any change in share prices is transmitted into a proportional change in this difference two and half months later. The difference itself is characterized by sustainable trends reigning over seven to twenty-year intervals. As a result, the link between the share prices and the difference allows predicting the former over longer intervals. Since mid-2008, the previously observed trend has been undergoing a transition to a new trend. Accordingly, one may formulate two principal problems: “What is the dependence between share price and CPI during the transition?” and “When and how can one determine the properties of the new trend?” Currently available information on the CPI allows predicting the share prices between June and September 2009.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131133147","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Energy, the Environment, and Technological Change","authors":"D. Popp, R. Newell, A. Jaffe","doi":"10.1016/S0169-7218(10)02005-8","DOIUrl":"https://doi.org/10.1016/S0169-7218(10)02005-8","url":null,"abstract":"","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"97 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122416569","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Rubio, César Yáñez, Mauricio Folchi, Albert Carreras
{"title":"Modern Energy Consumption and Economic Modernisation in Latin America and the Caribbean between 1890 and 1925","authors":"M. Rubio, César Yáñez, Mauricio Folchi, Albert Carreras","doi":"10.2139/ssrn.1107152","DOIUrl":"https://doi.org/10.2139/ssrn.1107152","url":null,"abstract":"In the absence of comparable macroeconomic indicators for most of the Latin American economies before the 1930s, the apparent consumption of energy is used in this paper as a proxy of the degree of modernisation of Latin America and the Caribbean. This paper presents an estimate of the apparent consumption per head of modern energies (coal, petroleum and hydroelectricity) for 30 countries of Latin American and the Caribbean for 1890 to 1925, multiplying the number of countries for which energy consumption estimates were previously available. As a result, the paper provides the basis for a quantitative comparative analysis of modernisation performance beyond the few countries for which historical national accounts are available in Latin America.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124505702","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Accounting Certification in the Former Soviet Union and its Importance to the Energy Sector","authors":"Robert W. McGee","doi":"10.2139/SSRN.713904","DOIUrl":"https://doi.org/10.2139/SSRN.713904","url":null,"abstract":"The decline and fall of the Soviet empire has had profound effects on accounting and the accounting profession in the former Soviet republics. As the nations of the former Soviet Union have started to shift from central planning to a market economy they have encountered difficulties in adopting and implementing International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA). Accountants were not trained in IFRS and ISA and universities have only recently begun to add these subjects to their curriculum. Some national certification exams have started to test on these subjects but the national certifications do not have much credibility, especially in the international marketplace, because of corruption and the perception of poor quality. Lack of credibility is an especially important issue in the energy sector, since this is one of the sectors most in need of injections of foreign capital. Yet attracting foreign capital is made more difficult by lack of credible financial statements. The market is solving this credibility problem by offering several internationally recognized and respected certifications in the English language. There is also a regional certification program that offers a series of credible exams in the Russian language. This paper reports on these certification programs.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124542314","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Análisis De Los Criterios De Eficiencia Económica Y Calidad Para La Determinación De Las Tarifas Del Sector Eléctrico En Colombia (Analysis of the Economic Efficiency and Quality Criteria to Determine Electricity Tariffs in Colombia)","authors":"J. García, Jose Cadavid","doi":"10.2139/SSRN.2501723","DOIUrl":"https://doi.org/10.2139/SSRN.2501723","url":null,"abstract":"Spaniish Abstract: El tema de la eficiencia economica y de la calidad tiene gran importancia en la teoria economica, los cuales son objeto de la intervencion del Estado a traves de la regulacion economica de las empresas prestadoras de los servicios publicos que son considerados esenciales para el bienestar social. En la determinacion de las tarifas de tales servicios, especificamente de los servicios domiciliarios como lo es el de energia electrica, se considera de vital importancia la busqueda de la eficiencia economica y la oferta sostenida de servicios de buena calidad. En este articulo se hace una descripcion de distintos enfoques sobre el concepto de eficiencia economica y metodos de su medicion, se presenta brevemente la estructura del sector electrico, y se describen los principios, que de acuerdo con las normas legales, deben tenerse en cuenta para la determinacion de las tarifas de la prestacion de los servicios de energia electrica, resaltandose los de eficiencia economica y de calidad; tambien se analizan en que mecanismos de regulacion son involucrados estos conceptos. Al final se enumeran algunas experiencias regulatorias en America del Sur en cuanto a la aplicacion del criterio de calidad.English Abstract: The subject of the economic and quality efficiency has great importance in the decision on the electric service fairs in Colombia and on the economical analysis of the effects on the social welfare of the consumers and the companies that provides the service. At the beginning of this article is a brief description of the way the electric sector works, and then there is a description of the principles, that according to the law must be considered for such fairs, explaining the economical and quality, efficiency and some experiences in South America regarding the quality criteria.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2003-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122150776","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Framework to Compare Environmental Policies","authors":"D. Fullerton","doi":"10.2307/1061592","DOIUrl":"https://doi.org/10.2307/1061592","url":null,"abstract":"This paper builds a single model that can be used to show efficiency and distributional effects of eight different types of environmental policies (including taxes, subsidies, regulations, permits, and legal liability). All eight approaches can be designed to have the same efficiency effects, even while they have different distributional effects. For further evaluation of these policies, the paper discusses other criteria outside the simple model (including administrative efficiency, enforcement capabilities, and political feasibility). The paper ends with a discussion of likely trade-offs among these often-competing objectives of environmental policy.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"95 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2001-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124221688","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"On the Uses of Benefit-Cost Reasoning in Choosing Policy Toward Global Climate Change","authors":"D. Bradford","doi":"10.3386/W5920","DOIUrl":"https://doi.org/10.3386/W5920","url":null,"abstract":"In the debate about the correct discount rate to use in evaluating policy with regard to climate change, which covers the entire world and extends for centuries, the conditions for deploying benefit-cost analysis are often overlooked. Where (a) income distributional effects of policies are large and (b) one cannot take for granted compensating adjustment in other policy instruments affecting distribution, simple aggregation of gains and losses is unlikely to provide a convincing basis for action, as an ethical matter, or predictor of policy, as a political matter.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1997-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127738255","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Multiplayer Energy Trading Framework of the Shared Alliance Based on Nash Negotiation","authors":"Xiaozhu Li, Weiqing Wang, Haiyun Wang","doi":"10.2139/ssrn.3921701","DOIUrl":"https://doi.org/10.2139/ssrn.3921701","url":null,"abstract":"The energy sharing business model of \"self-balance + energy mutual aid\" can enhance the friendly grid connection capacity of renewable energy, in some regions. This Shared Alliance model is one of the feasible and optimal pathways to achieve China's double control targets of carbon intensity and carbon emissions peak from the perspective. However, the traditional energy trading limits the large-scale progress of energy trading among multi participants for CO-governance and restricts the willingness of more players to enter the Shared Alliance. In this regard, a Shared Alliance multiplayer energy trading strategy based on Nash negotiation is proposed. A general model framework for the trading strategy including energy storage, multi microgrid group, and the superior power grid is established. Based on Nash negotiation theory, the model constructs a cooperative and competitive energy market transaction of multiple suppliers and multiple buyers and shares the surplus electricity of each player through the sharing platform. The simulation results show that the energy sharing model can give full play to the initiative of the demand-side and improve the utilization of energy storage based on ensuring the benefits of all players.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114429590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Revisiting the Jevons Paradox of Energy Economics: Empirical Evidence from Bangladesh and India","authors":"Muntasir Murshed","doi":"10.21102/irbrp.2018.03.141.05","DOIUrl":"https://doi.org/10.21102/irbrp.2018.03.141.05","url":null,"abstract":"The significance of enhancement in energy consumption in order to boost the respective national output level within any economy cannot be denied. Moreover, the United Nation’s 2030 Sustainable Development agenda had also called for an improvement in efficiency of energy-use through the adoption of renewable energy technologies in particular, with the ultimate goal of attaining sustainability in global energy supply. The rationale behind escalating the associated efficiency levels is that by doing so the level of energy consumption can be reduced which would complement the direct energy conservation policies as well. However, there has been ambiguity with regard to the precise relationship between efficiency in use and consumption of energy. The aim of this paper is to shed light on the energy efficiency-energy consumption nexus in context of the two South Asian Lower Middle-Income Countries, Bangladesh and India. The study makes a novel attempt at investigating the ‘Jevons Paradox’ by disaggregating energy consumption into primary and secondary energy consumption and by expressing each of these as separate functions of energy-use efficiency and other control variables. This study considers annual data stemming from 1990 to 2016 and employs Fixed Effects (FE), Random Effects (RE) and Three-Stage Least Squares (3SLS) panel regression tools for robustness check. Furthermore, the paper also analyses the long run causal linkages using the Granger causality tests. In light of the estimated results, evidence of a Jevons paradox is found in the context of non-renewable energy, electricity and coal consumption. In addition, no long-run causal association is found to exist.","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132059373","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Cape Wind: Lessons from Environment and Energy Conflict","authors":"M. Larson","doi":"10.2139/ssrn.1872859","DOIUrl":"https://doi.org/10.2139/ssrn.1872859","url":null,"abstract":"This interactive session format examines environment conflict associated with increasing public-private investments in renewable energy. The case issue is Cape Wind, a complex 10-year confrontation over private sector plans to build the largest offshore wind farm in the United States. The proposed site for the wind turbines is Horseshoe Shoal in Nantucket Sound, Massachusetts. The proposed site covers 24 square miles and is situated 4-11 miles from the shoreline of Cape Cod, a popular summer resort. Environment and energy conflicts involve multiple parties, special interests, overlapping political jurisdictions, scientific uncertainty and valued traditions and heritage. Investors must meet national environmental impact standards and obtain local, regional, state and federal approvals. Federal offices monitoring this case include the US Army Corps of Engineers, the Environmental Protection Agency and the Department of Interior. At the same time, investors confront various sources of opposition to wind turbines and other renewable energy projects. As opponents form alliances, positions become polarized and scientific data is devalued. In this Cape Wind case, opponents of the project raised millions of dollars to block the construction of Cape Wind prior to the completion of technical or environmental impact studies. This case is significant in the United States, and many countries worldwide, as efforts to fight climate change and avoid its catastrophic effects include increasing federal and state government support for private sector investments in the clean, renewable energy associated with wind turbines. Most Americans know about climate change, and the nation has access to the resources and technologies required to achieve the current national goal of “generating 25% of our energy from renewable sources by 2025.” (See “Organizing for America.”). To achieve this goal, the Obama administration proposes to invest in clean, renewable energy, including solar, wind, biofuels and geothermal power. Why the strong local resistance to renewable energy projects, such as Cape Wind? In this presentation, conflict analysis tools and concepts demonstrate why and how environment and energy conflicts escalate among parties of relatively equal power.- Conflict analysis matrix illustrates major parties, issues, interests, sources of power and demonstrated willingness to engage.- Coordinated management of meanings (CMM) recognizes various values, perspectives and interpretations.- Framework analysis defines the dimensions of the conflict and sets the stage for conflict resolution strategies.Participants address questions about the timing, agenda, speakers and protocols of public town meetings to address renewable energy proposals. The analysis of public engagement seeks evidence of strategic efforts to elicit common concerns or proactively engage the wider public through diverse venues and sources of media. Throughout the discussion, participants observe the signif","PeriodicalId":204209,"journal":{"name":"SRPN: Energy Politics (Topic)","volume":"110 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115691606","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}