Pour cette séance, nous vous proposons de faire le point à la fois sur la situation macroéconomique des Etats-Unis et sur les bouleversements qu’a connu le paysage énergétique américain ces dernières années. De fait, la mise en œuvre de nouvelles techniques, l'élargissement des zones...

Si la libéralisation des industries électriques appelle la très longue durée, tant est complexe cette industrie, les Européens attendent, au bout de quinze années, des bénéfices identifiables en matière de prix, d’innovation dans les services associés, de performance environnementale...

The international energy environment is full of uncertainties. However, the aggravation of global warming and the stagnation of climate geopolitics reinforce the urgency for action and the development of adaptation policies. Europe has set up a long term energy vision which is very responsible...

This paper studies the nonlinear adjustment between industrial production and carbon prices – coined as ‘the carbon-macroeconomy relationship’ – in the EU 27. We model carbon price returns and industrial production as nonlinear and state-dependent, with dynamics depending on the sign and...

This paper evaluates the predictability of WTI light sweet crude oil futures by using the variance risk premium, i.e. the difference between model-free measures of implied and realized volatilities. Additional regressors known for their ability to explain crude oil futures prices are also...

The aim of this article is to investigate whether anticipated technological progress can be expected to be strong enough to offset carbon dioxide (CO2)emissions resulting from the rapid growth of air transport. Aviation CO2 emissions projections are provided at the worldwide level and for eight...

This paper investigates the cost of biomass co-firing in European coal power stations. We propose a tractable and original method, that enables us to get expressions of biomass and CO2 breakeven points for co-firing in different types of coal plants. We call them carbon switching price and...

Since the creation of the European Union Emission Trading Scheme (EU ETS), European power producers have monitored carbon emissions resulting from the composition of their production. Fuel switching is the main short-term abatement measure under the EU ETS. It consists in substituting combined...

This paper deals with the practical problems related to long-term security of supply in electricity markets in the presence of large-scale wind power development. The success of renewable promotion schemes adds a new dimension to ensuring long-term security of supply. It necessitates designing...

The purpose of this study is to use real options theory to answer the following question: Is it necessary, in France, to invest in new nuclear power units or should some of the existing units be decommissioned? The theoretical model developed establishes two price thresholds which determine...