Showing 1 - 10 of 149
Hydrogen is currently enjoying a renewed and widespread momentum in the energy market. In the last years, demand for … promising opportunities not only to fight climate change, but also to redraw geopolitical relations between states. The energy … transition is already taking place, with renewable energies gradually eroding the global energy system based on fossil fuels. A …
Persistent link: https://www.econbiz.de/10012419714
What would be the effect of CO2 pricing on global oil supply and demand? This paper introduces a model describing the interaction between conventional and non-conventional oil supply in a Hotelling framework and under CO2 constraints. The model assumes that non-conventional crude oil enters the...
Persistent link: https://www.econbiz.de/10009354095
This paper provides an analysis of the link between the global market for crude oil and oil futures risk premium at the aggregate level. It offers empirical evidence on whether the compensation for risk required by the speculators depends on the type of the structural shock of interest....
Persistent link: https://www.econbiz.de/10011816764
In this work, we propose an analysis of the global market for crude oil based on a revised version of the Structural Vector Autoregressive (SVAR) model introduced by Kilian and Murphy (2014). On this respect, we replace the global proxy for above-ground crude oil inventories with the oil...
Persistent link: https://www.econbiz.de/10011816767
Following four years of relative stability at around $105 per barrel, oil prices have declined sharply since June 2014. This paper presents a comprehensive analysis of the sources of the recent decline in prices, and examines its macroeconomic, financial and policy implications. The recent drop...
Persistent link: https://www.econbiz.de/10011440121
The regulated price mechanism in China’s power industry has attracted much criticism because of its incapability to optimize the allocation of resources. To build an “open, orderly, competitive and complete” power market system, the Chinese government launched an unprecedented...
Persistent link: https://www.econbiz.de/10011957009
to play that role, getting the energy prices right is crucial because this sends clear signals to both producers and … consumers of energy. While the overall trend of China’s energy pricing reform since 1984 has been moving away from the prices … pace and scale of the reform differ across energy types. This article discusses the evolution of price reforms for coal …
Persistent link: https://www.econbiz.de/10011957010
We assess the degree of connectedness among 16 metals that are critical for the production of clean energy technologies …. These commodities are the constituents of the Energy Transition Metals (ETMs) price index maintained by the International …
Persistent link: https://www.econbiz.de/10014305713
This study applies financial portfolio theory to determine efficient electricity-generating technology portfolios for the United States and Switzerland, adopting an investor point of view. Expected returns are defined by the rate of decrease of power generation cost (with external costs...
Persistent link: https://www.econbiz.de/10010315486
European policies. Accordingly, the protection of critical infrastructures and in particular, the resilience of the energy …
Persistent link: https://www.econbiz.de/10012419713