• Title/Summary/Keyword: Energy economics

Search Result 1,024, Processing Time 0.022 seconds

On the energy economics of air lubrication drag reduction

  • Makiharju, Simo A.;Perlin, Marc;Ceccio, Steven L.
    • International Journal of Naval Architecture and Ocean Engineering
    • /
    • v.4 no.4
    • /
    • pp.412-422
    • /
    • 2012
  • Air lubrication techniques for frictional drag reduction on ships have been proposed by numerous researchers since the 19th century. However, these techniques have not been widely adopted as questions persist about their drag reduction performance beyond the laboratory, as well as energy and economic cost-benefit. This paper draws on data from the literature to consider the suitability of air lubrication for large ocean going and U.S. Great Lakes ships, by establishing the basic energy economic calculations and presenting results for a hypothetical air lubricated ship. All the assumptions made in the course of the analysis are clearly stated so that they can be refined when considering application of air lubrication to a specific ship. The analysis suggests that, if successfully implemented, both air layer and partial cavity drag reduction could lead to net energy savings of 10 to 20%, with corresponding reductions in emissions.

NUCLEAR vs COAL ELECTRICITY GENERATION IN CANADA

  • Kugler G.
    • Nuclear industry
    • /
    • v.5 no.11 s.33
    • /
    • pp.39-45
    • /
    • 1985
  • In some parts of Canada, such as Ontario, the choice between nuclear and coal is clear : the economics, environmental, and public health effects all favour nuclear. It is recognized that the economics of coal depend largely on the price of coal, which in

  • PDF

Analysis of Determinants of Electricity Import and Export in Europe Using Spatial Econometrics (공간계량 방법론을 활용한 유럽의 전력수출입 결정요인 분석)

  • Hong, Won Jun;Lee, Jihoon;Noh, Jooman;Cho, Hong Chong
    • Environmental and Resource Economics Review
    • /
    • v.30 no.3
    • /
    • pp.435-469
    • /
    • 2021
  • The main purpose of this study is to identify the determinants of electricity import and export in 26 European Union countries using the Spatial durbin model(SDM). In particular, we would like to mainly explain it based on the amount of power generated by each energy source. Not just the usual way of constructing a weighting matrix based on contiguity, we adopt a weighting method based on the proportion of trade among countries with connected electricity systems. Moreover, the electricity systems of European countries are directly and indirectly connected, which is reflected in the weighting matrix. According to the results, nuclear power has a positive effect on exports and a negative effect on imports, and an increase in wind and solar power has a positive effect on both exports and imports by increasing power system instability. While Korea is unable to trade electricity due to geopolitical conditions, the results of this study are expected to provide implications for energy policies.

Using ICT for Mongolia's sustainable development in energy industry

  • Tungalag, Azjargal;Kim, Yun Seon
    • Asia Pacific Journal of Business Review
    • /
    • v.2 no.1
    • /
    • pp.21-52
    • /
    • 2017
  • Nowadays every technology is becoming smarter. Consequently, intensive use of ICT in the whole industries and cities enables a sustainable approach to meet enormous productivity, efficiency, transparency and conservation of natural recourses. Likewise, the role of ICT in terms of controlling, monitoring in the energy industry allows integrating potential renewables, bulk energy conservation and reliable optimized operation in the entire system. In this paper outlines challenging issues in renewable energy integration in Mongolia and proposes potential recommendations and conclusions. The author investigated the main technologies used in energy industry mainly smart grid, challenges and policy aspect in Mongolian energy sector by using the primary and secondary approach with case studies and literature based methodologies. Based on the policy aspect and current implementation of smart grid, the paper tries to address the readiness for the main application and future potential ICT driven applications. Furthermore, it concluded that ICT convergence is demanded to overcome the current vulnerabilities and significant momentum to leave behind by using its potential energy recourses and favorable geographical state. Policymakers may find this study useful, as it answers the question of whether ICT investment can ultimately reduce energy consumption and may aid in future planning. Even tough, in order to develop a smart grid and integrating renewables firstly set an appropriate market structure, ICT will key enabler to make energy system more profitable and sustainable. Regarding the result of this study, ICT deployment contribution is a huge demand for future opportunities energy in Mongolia.

A Study on Residents' Acceptance of Unutilized Heat in District Heating (미활용 열에너지의 집단에너지 주민 수용성에 관한 연구)

  • Doo Hwan Won;Saesin Oh
    • Environmental and Resource Economics Review
    • /
    • v.32 no.3
    • /
    • pp.191-215
    • /
    • 2023
  • This study focuses on evaluating and comparing residents' acceptance of unutilized heat such as hydrothermal energy and waste heat from waste incineration and data centers in the case that they are used as district heat sources. This is because securing residents' acceptance is significantly important in order for unutilized heat to be considered as a heat source of district heating and cooling to achieve neutrality in the heating and cooling sector. A survey of heating consumers' perception on unutilized heat energy is conducted and a conjoint model is used to analyze the willingness to pay of heating consumers on incineration heat, water heat, and data center waste heat and to compare them with existing gas heat sources. As a result of the analysis, it is confirmed that district heating using hydrothermal energy and data center waste heat is preferred to district heating from heat from a natural gas plant or waste incineration.

REC Distortion as a Quantitative Control Policy due to REC Depreciation (REC 명목가치 하락으로 인한 양적 통제장치로서의 RPS 왜곡)

  • Yu, Jongmin;Lee, Jaeseok
    • Environmental and Resource Economics Review
    • /
    • v.31 no.1
    • /
    • pp.51-83
    • /
    • 2022
  • Renewable Portfolio Standards (RPS), one of the most commonly adopted regulation for renewable energy expansion since 2012, has the obvious advantage of inducing competition in power generation source and alleviating the government's financial burden. However, the abuse of credit multipliers and the use of national Renewable Energy Credits (RECs) have resulted in the distortion of RPS as a quantitative control policy. Just as no face value 10 years ago can hold its real value, this paper highlights for the first time that 27.8% of total renewable obligations over the total RPS period were not actually met due to REC inflation and the consequent decline in the value of renewable energy generation. In addition, the distortion of face/real value of REC causes problems in interoperability with other government policies such as RE100 and Emission Trading System.

CONCEPTUAL DESIGN OF THE SODIUM-COOLED FAST REACTOR KALIMER-600

  • Hahn, Do-Hee;Kim, Yeong-Il;Lee, Chan-Bock;Kim, Seong-O;Lee, Jae-Han;Lee, Yong-Bum;Kim, Byung-Ho;Jeong, Hae-Yong
    • Nuclear Engineering and Technology
    • /
    • v.39 no.3
    • /
    • pp.193-206
    • /
    • 2007
  • The Korea Atomic Energy Research Institute has developed an advanced fast reactor concept, KALIMER-600, which satisfies the Generation IV reactor design goals of sustainability, economics, safety, and proliferation resistance. The concept enables an efficient utilization of uranium resources and a reduction of the radioactive waste. The core design has been developed with a strong emphasis on proliferation resistance by adopting a single enrichment fuel without blanket assemblies. In addition, a passive residual heat removal system, shortened intermediate heat-transport system piping and seismic isolation have been realized in the reactor system design as enhancements to its safety and economics. The inherent safety characteristics of the KALIMER-600 design have been confirmed by a safety analysis of its bounding events. Research on important thermal-hydraulic phenomena and sensing technologies were performed to support the design study. The integrity of the reactor head against creep fatigue was confirmed using a CFD method, and a model for density-wave instability in a helical-coiled steam generator was developed. Gas entrainment on an agitating pool surface was investigated and an experimental correlation on a critical entrainment condition was obtained. An experimental study on sodium-water reactions was also performed to validate the developed SELPSTA code, which predicts the data accurately. An acoustic leak detection method utilizing a neural network and signal processing units were developed and applied successfully for the detection of a signal up to a noise level of -20 dB. Waveguide sensor visualization technology is being developed to inspect the reactor internals and fuel subassemblies. These research and developmental efforts contribute significantly to enhance the safety, economics, and efficiency of the KALIMER-600 design concept.

Asymmetric Price Responses of Industrial Energy Demand in Korea (산업부문 에너지 수요의 비대칭 가격반응)

  • Sukha Shin
    • Environmental and Resource Economics Review
    • /
    • v.32 no.4
    • /
    • pp.267-292
    • /
    • 2023
  • In this paper, we estimate a time series model of energy demand in the industrial sector with an asymmetric response to energy prices. Including the asymmetric response to energy prices in the model strengthens robustness of the cointegration relationship and reduces the variation of the estimated coefficients across the estimating methods. We find that rising energy prices have a larger impact on energy demand than falling energy prices, with the largest impact occurring when energy prices rise to new highs. The estimation results are partially improved when using gross output rather than value added as a measure of production. Using single equation methods to estimate the asymmetric response model, the elasticity of gross output ranged from 1.05 to 1.09 and the elasticity of price-rise ranged from -0.48 to -0.56, which is similar to the results of international studies.