By Morgan Bazilian, Fabien Roques
This is often an amazing quantity for pros in academia, and govt drawn to the quickly evolving zone on the nexus among power and weather switch coverage. The state-of-the-art foreign contributions permit for a large insurance of the subject. power variety and protection specializes in the honour of monetary probability within the strength quarter. It describes how instruments borrowed from monetary monetary concept, specifically mean-variance portfolio thought, gives you insights at the bills and advantages of variety, and therefore tell funding determination making in stipulations of uncertainty. It provides the reader an in-depth knowing of the way to control hazard at a time whilst the world's concentration is in this quarter. The booklet presents insights from top experts within the zone of strength defense. It provides readers considerable, rigorous research and information at a severe time in dealing with the dual demanding situations of power safeguard and weather swap. The ebook additionally highlights the position of unpolluted power know-how in relocating in the direction of destiny various and clever electrical energy structures. it is going to be a relied on, first element of reference for decision-makers within the box of strength policy.The booklet encompasses a foreword by way of the 2007 Nobel Peace Prize winner. All royalties from sale of this ebook could be donated to charities operating within the strength quarter within the constructing global. . Theoretical underpinning and utilized use of Portfolio concept within the power quarter. In-depth attention of probability. Contributions from top overseas strength economists. leading edge methodologies for brooding about strength defense and variety
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Extra resources for Analytical Methods for Energy Diversity and Security: Portfolio Optimization in the Energy Sector: A Tribute to the work of Dr. Shimon Awerbuch (Elsevier Global Energy Policy and Economics Series)
And Owens, B. (2003). Optimizing the level of renewable electric R&D expenditures using real options analysis. Energy Policy, 31, 1589–1608. Dixit, A. and Pindyck, R. (1994). Investment Under Uncertainty. Princeton, NJ: Princeton University Press. European Commission (2005). Competition Directorate, Energy Sector Inquiry. Draft Preliminary Report. , Gupta, F. and Markowitz, H. (2002). The legacy of modern portfolio theory. Journal of Investing, Institutional Investor (Fall), 7–22. Frayer, J. and Uludere, N.
Diversiﬁcation may retard learning effects for incumbents in favor of more marginal options. The crucial challenge thus lies in striking a balance between the beneﬁts of diversity and these countervailing aspects of portfolio performance (Geroski, 1989). The value of the ‘diversity premium’ (Ulph, 1988) that is warranted in any particular energy mix will be a function of the performance attributed to individual energy options and the contributions that each makes to system diversity (Stirling, 1994).
Energy Economics, 27(4), 667–685. Greene, D. and Tishchishyna, N. (2000). Costs of Oil Dependence: A 2000 Update. Prepared for Department of Energy, ORNL TM-2000/152 (May). , Butler, L. and Twomey, P. (2006). Diversity and security in UK electricity generation: the influence of low-carbon objectives. Energy Policy, 34(18), 4050–4062. Hamilton, J. (2005). The Macroeconomic Consequences of Higher Crude Oil Prices. Final Report (EMF SR 9) to US Department of Energy, Energy Modeling Forum, Stanford.
Analytical Methods for Energy Diversity and Security: Portfolio Optimization in the Energy Sector: A Tribute to the work of Dr. Shimon Awerbuch (Elsevier Global Energy Policy and Economics Series) by Morgan Bazilian, Fabien Roques