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  • 1
    Keywords: energy ; energy economics
    Description / Table of Contents: The main message of this paper is that while carbon pricing is a prerequisite for least-cost carbon mitigation strategies, carbon pricing is not enough to overcome all the barriers to cost-effective energy efficiency actions. Energy efficiency policy should be designed carefully for each sector to ensure optimal outcomes for a combination of economic, social and climate change goals. The main message of this paper is that while carbon pricing is a prerequisite for least-cost carbon mitigation strategies, carbon pricing is not enough to overcome all the barriers to cost-effective energy efficiency actions. Energy efficiency policy should be designed carefully for each sector to ensure optimal outcomes for a combination of economic, social and climate change goals. This paper aims to examine the justification for specific energy efficiency policies in economies with carbon pricing in place. The paper begins with an inventory of existing market failures that attempt to explain the limited uptake of energy efficiency. These market failures are investigated to see which can be overcome by carbon pricing in two subsectors – electricity use in residential appliances and heating energy use in buildings. This analysis finds that carbon pricing addresses energy efficiency market failures such as externalities and imperfect energy markets. However, several market and behavioural failures in the two subsectors are identified that appear not to be addressed by carbon pricing. These include: imperfect information; principal-agent problems; and behavioural failures. In this analysis, the policies that address these market failures are identified as complementary to carbon pricing and their level of interaction with carbon pricing policies is relatively positive. These policies should be implemented when they can improve energy efficiency effectively and efficiently (and achieve other national goals such as improving socio-economic efficiency).
    Pages: Online-Ressource (44 Seiten)
    Language: English
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  • 2
    Keywords: energy ; energy economics
    Description / Table of Contents: Measurable, Reportable and Verifiable Mitigation Actions and Support
    Pages: Online-Ressource (4 Seiten)
    Language: English
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  • 3
    Keywords: energy ; energy economics
    Description / Table of Contents: This paper compares model estimates of national and sectoral GHG mitigation potential across six key OECD GHG-emitting economies: Australia, Canada, the EU, Japan, Mexico and the US. It examines the implications of model structure, baseline and policy assumptions, and assesses GHG mitigation potential estimates across a variety of models, including models that are used to inform climate policy-makers in each of these economies.
    Pages: Online-Ressource (85 Seiten)
    Language: English
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  • 4
    Keywords: energy ; energy economics
    Description / Table of Contents: Coal Mine Methane in China
    Pages: Online-Ressource (1 Seiten)
    Language: English
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  • 5
    Keywords: energy ; energy economics
    Description / Table of Contents: The report, released at the COGEN Europe meeting in Brussels on 21 April 2009, provides “best practice” policy approaches used by different countries to expand CHP and district energy use. The report follows the 2008 IEA CHP study as part of the IEA International CHP Collaborative effort.
    Pages: Online-Ressource (42 Seiten)
    Language: English
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  • 6
    Keywords: energy ; energy economics
    Description / Table of Contents: This paper discusses coal mine methane emissions (CMM) in the Russian Federation and the potential for their productive utilisation. It highlights specific opportunities for cost-effective reductions of CMM from oil and natural gas facilities, coal mines and landfills, with the aim of improving knowledge about effective policy approaches.
    Pages: Online-Ressource (70 Seiten)
    Language: English
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  • 7
    Keywords: energy ; energy economics
    Description / Table of Contents: Oil and gas markets have been marked by an increased divergence in recent months. On the one hand, oil market developments have generated an unpleasant sense of déja vu: rapid demand growth in emerging markets eclipsed sluggish supply growth to push prices higher even before the conflict in Libya tightened supplies still further. Oil prices around $100/bbl are weighing down on an already-fragile macroeconomic and financial situation in the OECD, pressuring national budgets in the non-OECD and causing price inflation of other commodities, as well as political concerns about speculation. There is an uncanny resemblance to the first half of 2008. On the other hand, in the world of natural gas an amazing disconnect has developed as demand recovered to well above pre-financial-crisis levels in most major regions. Gas markets have tightened in Europe and Asia, where prices are about twice the level seen in the United States, as the unconventional gas revolution is in full swing. From the upstream implications of the Arab Spring to the macroeconomic consequences of the eurozone crisis, energy markets are experiencing one of the most uncertain periods in decades. Medium-Term Oil and Gas Markets 2011 provides a comprehensive outlook for oil and gas fundamentals through 2016. The oil market analysis covers demand developments on a product-by-product and key-sector basis, as well as a detailed bottom-up assessment of upstream and refinery investments, trade flows, oil products supply and OPEC spare capacity. The gas market analysis offers a region-by-region assessment of demand and production, infrastructure investment, price developments and prospects for unconventional gas. It also examines the globalising LNG trade.
    Pages: Online-Ressource (272 Seiten)
    Language: English
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  • 8
    Keywords: energy ; energy economics
    Description / Table of Contents: For the first time, the IEA has merged its medium-term market reports for oil and gas, thereby giving readers a broader perspective on global trends. Critical questions persist for both markets, including whether economic and energy demand outlooks are clearer than in mid-2009. For the first time, the IEA has merged its medium-term market reports for oil and gas, thereby giving readers a broader perspective on global trends. Critical questions persist for both markets, including whether economic and energy demand outlooks are clearer than in mid-2009. Do oil markets show a genuine structural shift in demand patterns? Will they sustain a nascent recovery in upstream spending evident in 2010? And how long will current levels of OPEC spare capacity persist? For the gas market, will demand recover from its collapse in 2009? How long will the gas glut last? Will unconventional gas revolutionise gas markets outside North America? And how is consumption changing in China, Russia and the Middle East? Medium-Term Oil and Gas Markets 2010 presents a comprehensive outlook for oil and gas market fundamentals over the next three to five years. The oil market analysis develops two demand scenarios that reflect uncertainties about the path of economic recovery after the global slow-down in 2008/09. Market balances are generated from detailed analysis of upstream investment projects, oil field decline rates, product-by-product demand trends, and refinery investment and operations. The gas market analysis assesses prices, unconventional gas, future demand developments and LNG markets, as well as investment across the gas value chain. With a focus on key producers (including Russia, the Caspian region and the Middle East) and rising LNG exporters (such as Australia), it examines implications for global gas markets.
    Pages: Online-Ressource (373 Seiten)
    Language: English
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  • 9
    Keywords: energy ; energy economics
    Description / Table of Contents: Natural gas is poised to enter a golden age, but this future hinges critically on the successful development of the world’s vast unconventional gas resources. North American experience shows unconventional gas - notably shale gas - can be exploited economically. Many countries are lining up to emulate this success. But some governments are hesitant, or even actively opposed. They are responding to public concerns that production might involve unacceptable environmental and social damage. This report, in the World Energy Outlook series, treats these aspirations and anxieties with equal seriousness. It features two new cases: a Golden Rules Case, in which the highest practicable standards are adopted, gaining industry a "social licence to operate"; and its counterpart, in which the tide turns against unconventional gas as constraints prove too difficult to overcome.
    Pages: Online-Ressource (150 Seiten)
    Language: English
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  • 10
    Keywords: energy ; energy economics
    Description / Table of Contents: The world’s largest gas producer and exporter, Russia has an enormous energy saving potential. At least 30 billion cubic meters – a fifth of Russian exports to European OECD countries - could be saved every year by enhanced technology or energy efficiency. As the era of cheap gas in Russia comes to an end, this potential saving is increasingly important for Russians and importing countries. And as domestic gas prices increase, efficiency investments will become increasingly economic – not to mention the incentive for Gazprom to enhance its efficiency against a backdrop of high European gas prices. Optimising Russian Natural Gas: Reform and Climate Policy analyses and estimates the potential savings and the associated reductions in greenhouse gas emissions in the oil extraction (flaring), gas transmission and distribution sectors. Achieving these savings will require linking long-standing energy efficiency goals with energy sector reforms, as well as climate policy objectives. The book also describes Russia’s emerging climate policy and institutional framework, including work still ahead before the country is eligible for the Kyoto Protocol’s flexibility mechanisms and can attract financing for greenhouse gas reductions. Optimising Russian Natural Gas: Reform and Climate Policy stresses the need for Russia to tap the full potential of energy savings and greenhouse gas emission reductions through a more competitive environment in the gas sector to attract timely investments.
    Pages: Online-Ressource (204 Seiten)
    Language: English
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