For power-plant investments, utilities rely after liberalisation on private financial markets, which are in general distorted. The (related) split of social and private time-preference rates provides a new reason for a welfare-enhancing policy intervention, complementary to environmental policy...

In a world with the need of climate protection through emission reduction, China’s domestic mitigation will be put on the national agenda. The large-scale deployment of innovative technologies induced by climate policies is a key determinant for reducing emissions in an effective and efficient...

This article provides hydraulic and thermal properties of soils and rocks. The impact of groundwater flow on the estimation of soil/rock thermal conductivity from test data was also examined. The purpose of this study, however, is to examine the means of reduction of energy consumption in...