Based on the logarithmic mean Divisia index (LMDI) approach, this paper presents a decomposition analysis of China’s energy-related industrial CO₂ emissions from 1985 to 2007, as well as a comparative analysis of differential influences of various factors on six sectors. Via the decomposition,...

The concept of the smart grid has been gaining more and more attention worldwide since it was proposed by the U.S. Electric Power Research Institute in 2001. Recently, it has been propelled again by the promotion of low carbon economies in developing countries. To satisfy the exponential...

China is experiencing a high speed economic development which may exert great pressure on the environment and energy systems. To measure the environmental and energy performance during the economic development process, this paper selected 30 provinces, cities or autonomous regions as the...

China has achieved notable success in developing its economy with approximate 10 percent average annual GDP growth over the last two decades. At the same time, energy consumption and CO₂ emissions almost doubled every five years, which led China to be the world top emitter in 2007. In response,...

The establishment of low-carbon cities has been suggested all over the World, since cities are key drivers of energy usage and the associated carbon emissions. This paper presents a scenario analysis of future energy consumption and carbon emissions for the city of Beijing. The Long-range Energy...

We develop a nonparametric test to check whether a process can be represented by a stochastic differential equation driven only by a Brownian motion. Our testing procedure utilizes the infinitesimal operator-based martingale characterization combined with a generalized spectral approach. Such a...

This paper analyzes the differences in the amount and the structure of residential energy consumption at the provincial level in China and identifies the hidden factors behind such differences. The econometrical analysis reveals that population, economic development level, energy resource...

The Stochastic Alpha Beta Rho Stochastic Volatility (SABR-SV) model is widely used in the financial industry for the pricing of fixed income instruments. In this paper we develop a low-bias simulation scheme for the SABR-SV model, which deals efficiently with (undesired) possible negative values...

In this study, a trip distribution model for hurricane evacuation using the intervening opportunity method was developed. Post Hurricane Floyd survey data was used for model calibration and comparison. To model the behavior that people tend to evacuate away from the path of the hurricane, a new...