Economic and financial integration (hereafter, economic integration) among economies has been a fertile area of research. Yet, what we argue is that economic integration needs new thoughts to adequately model the recent challenges to the global economy by developing a new index/measure of...

This chapter seeks to assess if there is any evidence that overseas development assistance (ODA), through its influence upon the climate-resilient grants and development grants, has impacted Fiji's developmental goals and climate resilience as a Small Island Development State (SIDS). To broaden...

In recent years, renewable energy can be seen as one of the important prospect of today's research, as it is likely to enlighten the lives of millions of people by fulfilling demand of electricity in their daily life. The present work focuses on the development of optimal hybrid energy system...

In recent years, the energy for the development of world economy depends entirely on fossil fuels which are not only rapidly depleting but are also causing environmental degradation. This situation has attracted the attention of world’s countries to develop alternative biofuels as a substitute...

Electrification of villages from the main grid leads to large investments and losses, and this forms the basis of decentralized Hybrid Energy System. In order to evaluate the techno-economic performance of hybrid energy system for remote rural area electrification, a mixed integer linear...

Conventional energy sources based on oil, coal, and natural gas have proven to be highly effective drivers of economic progress, but at the same time damaging to the environment and to human health. Keeping in mind, the social, economical and environmental effects of renewable energy system have...

In recent years the decentralized rural electrification is becoming cost effective and convenient for areas where grid extension is very difficult. The present paper deals with the electrification of dense forest areas of Uttarakhand state in India by Integrated Renewable Energy Optimization...

With the increase in industrialisation coupled with population growth, the demand for power is rapidly increasing, thereby jeoparadising the economic and social growth of the country. In addition to power from conventional sources, the New & Renewable Energy Sources (NRES) has been found to have...