Article
Geosciences, Multidisciplinary
Chuanlong Zhou, Biqing Zhu, Steven J. Davis, Zhu Liu, Antoine Halff, Simon Ben Arous, Hugo de Almeida Rodrigues, Philippe Ciais
Summary: Russia is the largest natural gas supplier to the EU, and the cutoff of gas supplies from Russia following the invasion of Ukraine has led the EU to seek ways to reduce its dependence on Russia. This study provides a dataset of daily gas consumption and supply sources in the EU and UK, and analyzes how a cessation of Russian exports could be compensated for through various measures. The results show that with collaboration between EU countries and the UK, it is theoretically possible to make up for a sudden shortfall of Russian gas.
EARTH SYSTEM SCIENCE DATA
(2023)
Article
Energy & Fuels
Merve Olmez Turan, Tulay Flamand
Summary: This study addresses the network problem of the European natural gas supply chain and evaluates the impact of infrastructure investments on the social welfare and supply risk. Results show that new infrastructure investments can significantly increase social welfare and reduce supply risk for consumer countries.
Article
Economics
Ben McWilliams, Giovanni Sgaravatti, Simone Tagliapietra, Georg Zachmann
Summary: Russia's invasion of Ukraine has led to a reassessment of the European Union's energy supply, requiring Europe to find alternative sources of coal, crude oil, oil products, and natural gas. This article discusses the potential gaps in supply and explores options for replacing Russian energy. It emphasizes the need for demand-side measures to reduce energy consumption and proposes four key principles for managing without Russian energy.
Article
Environmental Studies
Karol Szafranek, Monika Papiez, Michal Rubaszek, Slawomir Smiech
Summary: This article examines the dynamics of natural gas prices in four major European hubs during the turbulent period of 2021-2022. It shows that the Russian invasion of Ukraine led to a decline in overall connectedness, primarily driven by price divergence in the UK market. The study also finds that price transmission among European markets is predominantly influenced by short-term frequencies.
Article
Economics
Tatiana Romanova
Summary: Russia's political discourse on the EU's energy transition offers four interpretations based on realist and liberal views of energy relations and the acknowledgment or denial of climate change. The dominant liberal interpretation towards the end of the study period shapes two main policy options for Russia: maintaining the status quo in EU-Russian gas trade and diversifying Russia's export markets. Russia and the EU must improve communication and engage more effectively to align their future energy policies.
Article
Economics
John W. Goodell, Constantin Gurdgiev, Andrea Paltrinieri, Stefano Pisera
Summary: Motivated by recent geopolitical challenges, this study examines the impact of Nord Stream pipeline development on natural gas prices in Europe. Analysis of 24 announcements related to Nord Stream pipeline developments reveals their significant effect on the volatility and returns of Dutch TTF natural gas futures. The study emphasizes the importance of diversifying natural gas supply infrastructures and providers to mitigate geopolitical risk exposures and associated welfare costs.
Article
Environmental Studies
Seyit Ali Dastan
Summary: In early 2022, the Turkish natural gas market faced challenges of price hikes and supply disruptions simultaneously. This paper examines the root causes of these issues by analyzing a two-decade period, and finds that they are not temporary pressures but intrinsic to the overall dynamics of the Turkish gas market. The research highlights the failure to achieve competition and security of supply, with gas prices quadrupling in real terms and the security of supply index below medium level of safety.
Article
Green & Sustainable Science & Technology
Anna Garashchuk, Fernando Isla Castillo, Pablo Podadera Rivera
Summary: This article analyzes the impact of sanctions and low oil prices on EU-Russia bilateral trade, as well as other factors, using a gravity model. The simulations explore how different circumstances would have unfolded without the sanctions and with stable oil prices.
Article
Energy & Fuels
Jose M. Yusta, Jesus Beyza
Summary: Natural gas infrastructures play a crucial role in the transition to a new energy model with a high renewable energy share. The EU's heavy reliance on external natural gas suppliers makes it particularly vulnerable, highlighting the importance of cooperation among EU countries in addressing supply crises.
ENERGY STRATEGY REVIEWS
(2021)
Article
Environmental Studies
Xiaolin Wang, Yangyang Qiu, Jun Chen, Xiangping Hu
Summary: The continuous growth of natural gas demand in China has led to supply security concerns due to limited domestic resources and increasing dependency on imports. This study proposes a multi-agent game framework to examine availability, accessibility, and affordability in the natural gas industry and supply chain. The findings suggest that China's natural gas supply security is not optimistic, requiring additional recoverable reserves to meet market expansion. The study also identifies potential risks in supply after 2030 and higher dependencies after 2040. Feasible solutions are proposed, including market structure adjustments, discount rates, and resources tax, to ensure supply security.
Article
Energy & Fuels
Scholastica N. Emenike, Anastasia Ioannou, Gioia Falcone
Summary: This paper proposes a novel approach to optimize the resilience and sustainability of the natural gas supply chain by introducing an additional workflow design. The model is applied to a real case in Nigeria and demonstrates significant performance improvements in both steady and transient states of the system.
ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
(2022)
Article
Economics
Sebastian Birolini, Alexandre Jacquillat, Mattia Cattaneo, Antonio Pais Antunes
Summary: The ANPSD model optimizes airline network planning by considering interactions between supply and passenger demand. By estimating a demand model and developing a cutting plane algorithm, excellent computational results have been achieved, providing stronger solutions compared to traditional benchmarks.
TRANSPORTATION RESEARCH PART B-METHODOLOGICAL
(2021)
Article
Thermodynamics
Sergio Cabrales, Carlos Valencia, Carlos Ramirez, Andres Ramirez, Juan Herrera, Angela Cadena
Summary: The reliability of a natural gas system is crucial for uninterrupted service. This study proposes a methodology involving stochastic cost-benefit analysis, a pipeline contingency model, and a supply contingency model to assess the impact of new infrastructure. The application of this methodology to the Colombian natural gas system shows that the expected benefit-cost ratio of a new pipeline is 2.02, with a 99.0% probability of economic benefit exceeding the cost.
Article
Energy & Fuels
Jose Antonio Pena-Ramos, Philipp Bagus, Dmitri Amirov-Belova
Summary: This article examines Russian power-politics in the North Caucasus region and its geopolitical implications, highlighting the potential advantage of the European Green Deal in reducing the EU's dependence on Russian hydrocarbons. The geopolitical power secured by Russia in the North Caucasian conflict has significant implications for European Union's energy supply security, supporting the argument in favor of the European Green Deal.
Article
Energy & Fuels
Daein Jeong, Katsuhei Yoshioka, Hoonyoung Jeong, Baehyun Min
Summary: The study demonstrates that sequential short-term optimization of gas lift can enhance oil production and increase asset value in a mature oil field.
JOURNAL OF PETROLEUM SCIENCE AND ENGINEERING
(2021)
Article
Economics
Marie-Louise Arlt, David Chassin, Claudio Rivetta, James Sweeney
Summary: This paper examines the impact of real-time pricing and load automation on residential distribution systems. The study finds that implementing real-time pricing can result in an aggregate welfare gain of 39 USD per customer and year. However, it also notes that RTP and load automation may significantly increase peak system load. Introducing a market-based demand management system can further enhance welfare gains and reduce grid investment.
Article
Economics
Javier Jorquera-Copier, Alvaro Lorca, Enzo Sauma, Stefan Lorenczik, Matias Negrete-Pincetic
Summary: As countries update their climate ambitions, low-carbon hydrogen production and use present opportunities for emissions reductions and economic development. A case study for Chile shows that integrating hydrogen and electricity networks can lower system costs and enhance renewable integration, but policy support is needed to address concerns related to water and land use.
Article
Economics
Dawit Guta, Hisham Zerriffi, Jill Baumgartner, Abhishek Jain, Sunil Mani, Darby Jack, Ellison Carter, Guofeng Shen, Jennifer Orgill-Meyer, Joshua Rosenthal, Katherine Dickinson, Rob Bailis, Yuta Masuda
Summary: Household solid fuel use is detrimental to health and the environment. The Indian government's PMUY subsidy has successfully promoted the adoption of LPG by millions of households. However, there is limited understanding of the decision-making process to reduce solid fuel use after transitioning to cleaner fuels. This study found that factors such as household wealth, social status, education level, and the prevalence of LPG use in the village are positively associated with LPG consumption and the discontinuation of solid fuel use. On the other hand, factors such as distance to LPG refill delivery, household size, and the PMUY subsidy are negatively associated with the share of LPG use.
Article
Economics
Nicolas Morell-Dameto, Jose Pablo Chaves-Avila, Tomas Gomez San Roman, Pablo Duenas-Martinez, Tim Schittekatte
Summary: This paper assesses the performance of differently implemented forward-looking network tariff designs and proposes an innovative coordination mechanism to increase predictability in a future with many flexible customers. The study reveals that if large shares of customers synchronize their responses to highly time-varying and locational-specific network charges, it can lead to unexpected reinforcements.
Article
Economics
Alexandra Gritz, Guntram Wolff
Summary: Russia's weaponization of gas supplies shook the energy security of Central and Eastern Europe in 2022. The region responded by increasing alternative energy supplies and developing new gas supply routes. Renewable energy, nuclear energy, and hydrogen play important roles in the long-term. Mitigating the impact of this shock requires the EU to prioritize the integrity of its energy market.
Article
Economics
Jaroslaw Kantorowicz, Marion Collewet, Matthew DiGiuseppe, Hendrik Vrijburg
Summary: Economic costs are a major political obstacle to investing in climate change mitigation and adaptation measures. The method of financing plays a crucial role in determining public opposition to government green investments, with debt financing being less opposed than broad-based taxes. This study suggests that credit market tools, such as green bonds and debt for climate swaps, can be politically efficient in increasing support for green financing. Carbon taxes and wealth taxes are found to be the most preferred options.
Article
Economics
Kun Guo, Liyuan Luan, Xiaoli Cai, Dayong Zhang, Qiang Ji
Summary: This paper investigates China's energy trade stability using a survival analysis approach. It finds that the energy trade linkages between China and 153 other countries are complex and unstable, with short periods of trade with many countries. Geopolitically risky regions, such as the Middle East and Africa, have the lowest trade stability. Climate risks have significant effects on energy trade stability. The paper proposes several policy options to improve energy trade stability in China, with special attention to increasing global climate risks.
Article
Economics
Simona Bigerna, Piyush Choudhary, Nikunj Kumar Jain, Silvia Micheli, Paolo Polinori
Summary: This study estimates the willingness to pay of Indian urban consumers for a continuous supply of electricity using contingent valuation method. The findings show that the amount consumers are willing to pay depends on the duration of power outages, with households preferring shorter outages. Income and environmental attitude also positively influence higher willingness to pay. These insights can inform policymakers in designing more reliable and customer-centric energy generation and distribution models.
Article
Economics
Temilade Sesan, Unico Uduka, Lucy Baker, Okechukwu Ugwu, Ewah Eleri, Subhes Bhattacharyya
Summary: This study examines the impact of the regulatory framework on rural electrification and universal energy access goals in Nigeria's mini-grid sector. The findings suggest that while the current framework has fostered sector growth, additional measures are necessary to ensure equitable distribution of access among rural populations.
Article
Economics
Rui Shan, Noah Kittner
Summary: Energy storage is a cornerstone in decarbonization planning as it reduces operational costs and greenhouse gas emissions, while enhancing resilience and renewables integration. However, storage developers in different regions have varying economic and environmental considerations, thereby requiring policy intervention to achieve long-term emission reductions.
Article
Economics
Tung Durmaz, Sevil Acar, Simay Kizilkaya
Summary: This study investigates the phenomenon of strategic capacity withholding in the Turkish electricity market and its relationship with the capacity remuneration mechanism. The empirical results provide strong evidence of strategic capacity withholding and show that the capacity mechanism contributes to the duration of failures. The study offers important insights for policymakers, including the implementation of a random verification mechanism and restructuring of the capacity mechanism in Turkey.
Article
Economics
Tii N. Nchofoung
Summary: The study finds that oil price shocks have a negative impact on Africa's energy transition, particularly in rural areas and net crude oil exporting countries. However, oil price shocks cannot explain the urban-rural differences in clean energy access. Therefore, increasing investment in clean energy and technologies in rural areas is necessary to enhance the resilience of the energy sector to oil price shocks.
Article
Economics
Najia Saqib, Muhammad Usman, Ilhan Ozturk, Arshian Sharif
Summary: This study examines the impact of environmental technologies, financial growth, and energy use on ecological footprint and green growth. Environmental innovation and renewable energy deployment contribute to green growth, while financial expansion and non-renewable energy use have negative effects on the environment. The study also identifies causal relationships between different factors.
Article
Economics
Yessica C. Y. Chung, Noxolo Kunene, Hung-Hao Chang
Summary: The Renewable Energy Certificate (REC) is considered an innovative technology for building a green society. This study investigates the impact of REC purchases on stock return and volume in Taiwan between 2017 and 2021. The findings suggest that REC purchases have a positive effect on stock returns of manufacturing firms but not service firms. The frequency of REC purchases is also an important factor in the relationship between REC purchase and firm value. Additionally, the study reveals that public attention to environmental pollution plays a crucial role in positive stock returns and volume, while ESG disclosure is negatively associated with returns and volume.
Article
Economics
Seife Ayele, Wei Shen, Yacob Mulugetta, Tadesse Kuma Worako
Summary: This paper addresses the challenges of governing energy procurement from a mix of non-hydropower renewable energy sources supplied by independent producers. Building on political economy analysis and five case studies of independent producer projects from Ethiopia, it seeks to understand the root causes of the protracted delays and limited extent of procurement by independent producers. The key contestations lie in managing long term contracts, risk, uncertainty and in developing the institutional and human capacity to transition.