In this paper, we apply a spread-based real options approach to analyze the decision-making problem of an investor who has the choice between an irreversible investment in a condensing power plant without heat utilization and a plant with combined heat-and-power (CHP) generation. Our...

Inflation in Russia stood at 4.3% at 2018 year end, posting an increase of 0.3 percentage points over the central bank's target inflation rate and of 0.1 percentage points over its preliminary forecast. Early 2019 saw prices continue to heat up: consumer prices and services rose 0.7% in the...

A more sustainable heat supply of the built environment is needed to reach the policy goal of a climate-neutral economy in the Netherlands by 2050. This paper presents a method using a spatial energy model to calculate the most cost-effective CO2- reduction potential of a sustainable heat supply...