In 2022, the repetitive increasing gas prices have caused exorbitant electricity prices in most European countries. Economists argue that this is an evident consequence of Europe’s Internal Electricity Market functioning: for economic efficiency, the price is equated to the...

The assessment of uninterrupted traffic flow is traditionally based on empirical methods. We develop some analytic queueing models based on traffic counts and we model the behavior of traffic flows as a function of some of the most relevant determinants. These analytic models allow for...

Renewable electricity supply is a crucial factor in the realization of a low-carbon energy economy. The understanding is growing that a full turn-over of the electricity sectors by 2050 is an elementary condition for avoiding global average temperature increase beyond 2 °C. This article...

Renewable energy can become the major energy supply option in low-carbon energy economies. Disruptive transformations in all energy systems are necessary for tapping widely available renewable energy resources. Organizing the energy transition from non-sustainable to renewable energy is often...

Many scholars analyze the Kyoto-Copenhagen process, and offer corrective suggestions for identified flaws in the present design. Based on various proposals in the literature, this article adopts a global master-plan perspective, leaving executive architecture to sovereign participants....