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-market price spreads. This is relevant for liquefied natural gas (LNG) exports. LNG transportation capacity is limited in the short …-run, and long lead-times are involved in extending the transportation infrastructure. We establish empirically that LNG … capture part of the price spread. We proceed to develop a method to value LNG exports under conditions of endogenous …
Persistent link: https://www.econbiz.de/10010483579
When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences about cointegration relationships, price adjustments...
Persistent link: https://www.econbiz.de/10010486860
In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...
Persistent link: https://www.econbiz.de/10010212645
We analyse the drivers of European Power Exchange (EPEX) retail electricity prices between 2012 and early 2022 using machine learning. The agnostic random forest approach that we use is able to reduce in-sample root mean square errors (RMSEs) by around 50% when compared to a standard linear...
Persistent link: https://www.econbiz.de/10013262773
needed to support the social optimum. We then analyze the effects of these taxes on urban spatial structure. Emissions are … heights, generating a more-compact city with a lower level of emissions per capita. …
Persistent link: https://www.econbiz.de/10011415931
review is given structure by a novel decomposition linking changes in emissions to changes in productive activity at the …
Persistent link: https://www.econbiz.de/10011544125
delayed; and the average annual fuel price. The results show how fuel usage and carbon emissions depend on a small set of … crucial variables. The estimated fuel-price effect allows the emissions impact of an optimal emissions charge to be computed …, and the estimated delay effect shows the emissions impact of an industry-wide reduction in flight delays. The regression …
Persistent link: https://www.econbiz.de/10011518130
We provide ex-post empirical analysis of the effects of climate policies on carbon dioxide emissions at the aggregate … and emissions trading systems (ETS), as well as the overall stringency of climate policies. We use dynamic panel … mix. We find that higher carbon taxes and prices of permits in ETS reduce carbon emissions. An increase in carbon taxes by …
Persistent link: https://www.econbiz.de/10012643539
(RPS) on electricity price, CO2 emissions, fossil fuel electricity generation, and two kinds of renewable generation. We …
Persistent link: https://www.econbiz.de/10012815775
Limiting global warming in line with the goals in the Paris Agreement will require substantial technological and behavioural transformations. This challenge drives many of the current modelling trends. This paper undertakes a review of 17 state-of-the-art recursive-dynamic computable general...
Persistent link: https://www.econbiz.de/10012157959