Showing 1 - 10 of 127
Recent supply security concerns in Europe have revived interest into the natural gas market. Here, we investigate investment behavior and trade in an imperfect market structure under uncertainty in both supply and demand. We focus on three uncertain events: i) transit of Russian gas via Ukraine...
Persistent link: https://www.econbiz.de/10011309924
In this paper, we use the Global Gas Model to analyze the perspectives and infrastructure needs of the European natural gas market until 2050. Three pathways of natural gas consumption in a future low-carbon energy system in Europe are envisaged: i) a decreasing natural gas consumption, along...
Persistent link: https://www.econbiz.de/10009722293
This paper discusses the potential role of fossil natural gas (and other gases) in the process of the energy transformation in Europe on its way to complete decarbonization. Mainstream conventional wisdom has it that natural gas, perhaps in combination with other gases, should maintain an...
Persistent link: https://www.econbiz.de/10012270846
energy-performance of buildings with financial data on mortgages for Germany and identifies two risk drivers - a carbon price …" portfolio compared to a "green" portfolio. Taking climate policy into account in risk management and strategy can reduce the … transition risk and open up new lending opportunities. Financial regulation can promote such behaviour. …
Persistent link: https://www.econbiz.de/10012308888
US shale gas production is generally expected to continue its fast rise. However, a cautious evaluation is needed. Shale gas resource estimates are potentially overoptimistic and it is uncertain to which extent they can be produced economically. Moreover, the adverse environmental effects of...
Persistent link: https://www.econbiz.de/10010206113
In this paper we investigate natural gas producer's reactions to changes in market prices. We estimate price elasticities of aggregated supply in the most competitive market for natural gas: the United States. Using monthly time series data form 1987 to 2012 our analysis is based on an...
Persistent link: https://www.econbiz.de/10010339163
The liberalisation of the natural gas markets and the importance of natural gas as a transition fuel to a low-carbon economy have led to the development of several large-scale equilibrium models in the last decade. These models combine long-term market equilibria and investments in...
Persistent link: https://www.econbiz.de/10012040798
Natural gas prices in Germany saw a strong increase at the end of 2021, subsequently worsening with the start of the war in Ukraine in February 2022, raising concerns about the distributional consequences. Our study shows that low-income households are affected the most by the natural gas price...
Persistent link: https://www.econbiz.de/10013285805
rather than bear the risk of congestion. These strategies can be implemented with reasonably straightforward policies. Since …
Persistent link: https://www.econbiz.de/10009129983
The interdependence of electricity and natural gas is becoming a major energy policy and regulatory issue in all jurisdictions around the world. The increased role of gas fired plants in renewable-based electricity markets and the dependence on gas imports make this issue particular striking for...
Persistent link: https://www.econbiz.de/10009779800