Article
Transportation
Levent Polat, Unal (Unal) Battal
Summary: This study examines the value and optimal timing of expanding investment in an airport infrastructure project by utilizing compound real options and net present value methods. The results indicate that the real option value is more positive than traditional valuation methods, with the best time for expansion investment identified as the eighth year of operation. Sensitivity analysis highlights volatility and discount rate as the key variables impacting the project's success. The findings demonstrate how real option methods and sensitivity analysis can inform future decision-making by managers.
JOURNAL OF AIR TRANSPORT MANAGEMENT
(2021)
Article
Agronomy
Aaron M. Shew, Lawton L. Nalley, Alvaro Durand-Morat, Kylie Meredith, Ranjan Parajuli, Greg Thoma, Christopher G. Henry
Summary: This study evaluates the economic and environmental benefits of Multiple Inlet Rice Irrigation (MIRI) funded by the Rice Checkoff, providing a holistic picture of the impacts of water conservation projects on Arkansas rice producers. This research showcases the cost savings, water conservation value, and reduced environmental impacts associated with MIRI adoption, ultimately resulting in a benefit-cost ratio of 79:1.
AGRICULTURAL WATER MANAGEMENT
(2021)
Article
Economics
Francesca Andreolli, Chiara D'Alpaos, Michele Moretto
Summary: Renewable energy technologies, particularly solar photovoltaic (PV) coupled with battery storage, are crucial in mitigating climate change and resource depletion effects. The adoption of a PV-Battery System (PVB) increases managerial flexibility, allowing households to optimize their consumption and storage patterns depending on market conditions. The option to store energy via batteries encourages households to invest in larger PV plants.
Article
Business, Finance
Arpit Gupta, Stijn Van Nieuwerburgh
Summary: A new valuation method for private equity investments is proposed, which constructs a replicating portfolio using cash flows on listed equity and fixed-income instruments. The method delivers risk-adjusted profit on each PE investment and a time series for expected returns on each fund category. The study finds negative risk-adjusted profits for the average PE fund, with significant heterogeneity and some persistence in performance. Expected returns and risk-adjusted profits decline in the later part of the sample.
JOURNAL OF FINANCE
(2021)
Article
Energy & Fuels
Galen Maclaurin, Cris Hein, Travis Williams, Owen Roberts, Eric Lantz, Grant Buster, Anthony Lopez
Summary: Wind energy is important for renewable energy policies, but the impact of wind plants on wildlife, particularly bats, is a concern. Shutting down turbines can reduce bat fatalities but also decrease wind plant revenues. Research shows that reducing power production can substantially affect the future economically viable wind energy capacity.
Article
Multidisciplinary Sciences
Jessica P. R. Thorn, Diego Juffe Bignoli, Ben Mwangi, Robert A. Marchant
Summary: The large-scale expansion of built infrastructure in Africa is significantly changing the region's geography and has important implications for achieving sustainable development goals and the African Union's agenda. However, there has been a lack of centralized information on these investments. We have developed a database of 79 development corridors in Africa, which aims to improve coordination and monitoring of investments.
Article
Thermodynamics
Chun Sing Lai, Giorgio Locatelli
Summary: New energy generation and storage systems are being developed due to climate change, resource scarcity, and environmental laws. Prototyping is a way to hedge risks in developing radical innovation systems, with cost and market size being key parameters in decision-making.
Article
Business
Robyn C. Meeks, Arstan Omuraliev, Ruslan Isaev, Zhenxuan Wang
Summary: Hundreds of millions of households rely on unreliable and low-quality electricity services. Therefore, understanding the effects of electricity quality improvement and consumer response is crucial for development and the environment. Through randomized grid improvements in the Kyrgyz Republic, we found that treated households experienced a decrease in voltage fluctuations, indicating improved electricity quality. Additionally, treated households showed an increase in billed electricity consumption, particularly during peak months, and invested in energy-efficient measures to mitigate the impact on their electricity bills post-intervention.
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT
(2023)
Article
Ecology
Noelwah R. Netusil, Lauren Lavelle, Sahan Dissanayake, Amy W. Ando
Summary: Green roofs are being integrated into stormwater management programs globally, but the public benefits of these roofs are not well known. This study uses a choice experiment survey to estimate the public benefits of a proposed green roof program in Portland, Oregon, including reduced combined sewer overflows and urban heat island effects and an increase in pollinators. The results show that the reduction in combined sewer overflows is the largest benefit, and respondents prefer not to concentrate green roofs in the city's Central City area.
LANDSCAPE AND URBAN PLANNING
(2022)
Article
Mathematics
Claudio Moura Silva, Sergio Ronaldo Granemann, Patricia Guarnieri, Gladston Luiz Da Silva
Summary: The vast Brazilian territory and the economic growth of its interior cities have provided favorable conditions for the expansion of regional aviation. This study presents a multicriteria decision aid model to assess the attractiveness of cities for receiving investments in regional airports. It offers a systematic approach for decision-makers and contributes to logistics and infrastructure decision-making.
Article
Business, Finance
Huixuan Li, Jing Chen
Summary: Using data from the Chinese A-share stock market, this study finds that firms that substantially increase their investments have higher subsequent stock returns. The effect is more pronounced among large, low BM, profitable firms and stocks in high-growth industries, and persists after controlling for important price factors.
PACIFIC-BASIN FINANCE JOURNAL
(2022)
Article
Development Studies
Kritika Sen Chakraborty, Avinandan Chakraborty, Robert P. Berrens
Summary: The effects of climate change in Nigeria, particularly excessive rainfall and soil erosion, pose threats to agricultural production. This analysis shows that investing in soil erosion control measures can greatly impact the economic value of agricultural land. The findings suggest that adopting erosion control can contribute to wealth creation and highlight the need for climate-smart agriculture practices and sustainable investment in agriculture.
Article
Economics
Marianne Haraldsvik, Arnt Ove Hopland, Sturla F. Kvamsdal
Summary: This article studies local government investments in Norwegian municipalities and finds that expected population growth and fiscal capacity largely explain variations in investments. The investment policies of local governments are quite rational, but are also influenced by election cycles.
Article
Chemistry, Physical
Hanxin Zhao, Linda M. Kamp, Zofia Lukszo
Summary: This paper evaluates the case of local green ammonia production to address renewable power curtailment in China. The key factors in green ammonia investment include the operating rate, ammonia price, the electrical efficiency of electrolysers and the electricity price. Carbon pricing and value-added tax exemption have obvious influences on the energy transition in China.
INTERNATIONAL JOURNAL OF HYDROGEN ENERGY
(2022)
Article
Environmental Sciences
Wieke Pot
Summary: Governments are faced with climate change realities and have commitments to international agreements. In their investments in aging water infrastructure, governments need to consider how to combat climate change effectively. This article presents key ways for infrastructure operators to adopt long-term perspective and choose water management strategies that increase capacities. It provides a basis to help governments prepare for the future in water infrastructure investments.
WILEY INTERDISCIPLINARY REVIEWS-WATER
(2023)
Article
Thermodynamics
P. Govindappa, P. Trevizoli, I Niknia, T. Christiaanse, R. Teyber, A. Rowe
Summary: Magnetocaloric materials with first-order magnetic phase transitions are low-cost working materials in magnetic heat pumping cycles, but hysteresis associated with first order transitions remains a challenge. A developed one-dimensional active magnetic regenerator model accounts for thermal and magnetic hysteresis, showing good agreement with experimental data. Predicted cooling power can be well estimated using cyclic measurements of adiabatic temperature change while disregarding hysteresis.
APPLIED THERMAL ENGINEERING
(2021)
Review
Environmental Sciences
Eunice Pereira Ramos, Mark Howells, Vignesh Sridharan, Rebecka Ericsdotter Engstrom, Constantinos Taliotis, Dimitris Mentis, Francesco Gardumi, Lucia de Strasser, Ioannis Pappis, Gabriela Pena Balderrama, Youssef Almulla, Agnese Beltramo, Camilo Ramirez, Caroline Sundin, Thomas Alfstad, Annukka Lipponen, Eduardo Zepeda, Taco Niet, Jairo Quiros-Tortos, Jam Angulo-Paniagua, Abhishek Shivakumar, Silvia Ulloa, Holger Rogner
Summary: The CLEWs framework uses quantitative methods to explore interactions between resource systems and promote sustainable development. It has been applied in various geographical and political contexts with diverse purposes and analytical approaches.
ENVIRONMENTAL RESEARCH LETTERS
(2021)
Article
Green & Sustainable Science & Technology
Adriano Vinca, Simon Parkinson, Keywan Riahi, Edward Byers, Afreen Siddiqi, Abubakr Muhammad, Ansir Ilyas, Nithiyanandam Yogeswaran, Barbara Willaarts, Piotr Magnuszewski, Muhammad Awais, Andrew Rowe, Ned Djilali
Summary: The study highlights the water stress and energy insecurity in the Indus river basin in South Asia, emphasizing the importance of transboundary cooperation for more cost-effective and environmentally friendly development. By collaborating on water resources, electricity, and food production, the countries in the region could lower costs, reduce soil pollution, and mitigate water scarcity issues.
NATURE SUSTAINABILITY
(2021)
Article
Green & Sustainable Science & Technology
Bo Li, Andrew Rowe, Peter Wild
Summary: The building sector is a significant source of GHG emissions, and the effectiveness of building energy codes is crucial for emission reduction. Passive House criteria is more effective nationwide than BC step code in abating space heating GHG emissions.
JOURNAL OF CLEANER PRODUCTION
(2021)
Review
Environmental Sciences
Adriano Vinca, Keywan Riahi, Andrew M. Rowe, Ned Djilali
Summary: Approaches that integrate feedback between climate, land, energy and water have advanced significantly, but many nexus analyses overlook important inter-linkages. This review focuses on model accessibility, usability, and further model development opportunities, exploring where and why some nexus interactions are most relevant at different scales.
FRONTIERS IN ENVIRONMENTAL SCIENCE
(2021)
Review
Environmental Sciences
Taco Niet, Nastaran Arianpoo, Kamaria Kuling, Andrew S. Wright
Summary: Systems models are important for policy and energy planning decisions, but combining different models into an integrated framework increases complexity and risks creating black box models. To address this, it is necessary to have clear modeling purposes and develop best practices for transparency and trustworthiness.
ENVIRONMENTAL RESEARCH LETTERS
(2022)
Article
Energy & Fuels
S. Motalebi, T. Barnes, L. Lu, B. D. Leibowicz, T. Niet
Summary: This study investigates the role of U.S.-Canada electricity interconnections in supporting the decarbonization efforts of both countries. Using the OSeMOSYS energy system model, the study calculates the generation mix and required transmission expansion between Canada and the U.S. under different climate policy and transmission cost scenarios. The findings suggest that current emission prices are insufficient to incentivize meeting emission reduction goals, and higher emission penalties lead to increased transmission capacity. The system requires significant amounts of dispatchable, low-carbon electricity, with hydro resources providing valuable flexibility. In addition, substantial investments in wind and solar energy are needed across all scenarios.
ENERGY STRATEGY REVIEWS
(2022)
Article
Multidisciplinary Sciences
Lucy Allington, Carla Cannone, Ioannis Pappis, Karla Cervantes Barron, Will Usher, Steve Pye, Edward Brown, Mark Howells, Miriam Zachau Walker, Aniq Ahsan, Flora Charbonnier, Claire Halloran, Stephanie Hirmer, Jennifer Cronin, Constantinos Taliotis, Caroline Sundin, Vignesh Sridharan, Eunice Ramos, Maarten Brinkerink, Paul Deane, Miriam ZachauWalker, Andrii Gritsevskyi, Gustavo Moura, Arnaud Rouget, David Wogan, Edito Barcelona, Taco Niet, Holger Rogner, Franziska Bock, Jairo Quiros-Tortos, Jam Angulo-Paniagua, Satheesh Krishnamurthy, John Harrison, Long Seng To
Summary: Energy system modeling provides consistent quantified scenarios and key insights for finance mobilization, market development, infrastructure deployment, and policymaking. However, limited access to data often hinders the initiation of energy system modeling. To address this issue, this article offers a simple zero-order energy system model based on publicly available data, serving as a starting point for model development and scenario analysis in developing countries.
Article
Energy & Fuels
Kevin Palmer-Wilson, Tyler Bryant, Peter Wild, Andrew Rowe
Summary: This study compares two pathways to reduce carbon emissions from building heating: replacing natural gas heaters with electric heat pumps or replacing natural gas with renewable gas. The results show that the renewable gas pathway has a narrower range of costs and is more suitable for milder temperatures.
ENERGY STRATEGY REVIEWS
(2022)
Article
Multidisciplinary Sciences
Trevor Barnes, Abhishek Shivakumar, Maarten Brinkerink, Taco Niet
Summary: This paper introduces OSeMOSYS Global, an open-source generator for global electricity system models that supports the global modeling community. Compared to other global models, OSeMOSYS Global offers more flexibility to users in determining the time slice structure and geographic scope of the model, utilizing the widely used open-source OSeMOSYS energy system model.
Article
Energy & Fuels
Kamaria Kuling, Trevor Barnes, Abhishek Shivakumar, Maarten Brinkerink, Taco Niet
ENERGY STRATEGY REVIEWS
(2022)
Article
Energy & Fuels
Madeleine McPherson, Jacob Monroe, Jakub Jurasz, Andrew Rowe, Richard Hendriks, Lauren Stanislaw, Muhammad Awais, Madeleine Seatle, Robert Xu, Timothy Crownshaw, Mohammad Miri, Dustin Aldana, Moe Esfahlani, Reza Arjmand, Mohammadali Saffari, Tristan Cusi, Kanwarpreet Singh Toor, Joel Grieco
Summary: This paper presents a modeling platform for energy system decarbonization, consisting of a toolbox of models, a dataset, and a visualization suite. It aims to facilitate collaboration between energy system researchers and decision-makers, enabling the effective application of evidence-based policy.
ENERGY STRATEGY REVIEWS
(2022)
Article
Thermodynamics
Lorenzo S. Correa, Andrew Rowe, Paulo Trevizoli
Summary: This paper proposes a mathematical model to simulate the heat transfer and thermodynamic cycle of a thermomagnetic motor, and optimizes the motor design to minimize entropy generation and back work ratio. Gadolinium is used as the magnetic material, and constraints such as heat exchanger length, spring constant, mass flow rate, and heat source temperature are considered.
APPLIED THERMAL ENGINEERING
(2023)
Article
Materials Science, Multidisciplinary
Lorenzo S. Correa, Bernardo P. Vieira, Jaime A. Lozano, Jader R. Barbosa, Andrew Rowe, Michaela Kuepferling, Vittorio Basso, Paulo V. Trevizoli
Summary: Several magnetocaloric materials have potential as refrigerants or working materials, yet only a few have been tested experimentally or incorporated into mathematical models. To reduce interpolation errors, correlation methods need to be developed to ensure data quality and resolution under various conditions. A fitting procedure has been proposed to accurately correlate thermomagnetic quantities at intermediate temperatures and applied magnetic fields.
JOURNAL OF MAGNETISM AND MAGNETIC MATERIALS
(2023)
Article
Green & Sustainable Science & Technology
Mohammadali Saffari, Madeleine McPherson, Andrew Rowe
Summary: Integrating different electricity systems can enhance Canada's decarbonization efforts. The integration of British Columbia and Alberta's systems can create a hybrid hydro-renewable energy system with sufficient flexibility for aggressive renewable energy integration in Alberta.