Risk And Uncertainty In The Changing Global Energy Market

Author : The Emirates Center for Strategic Studies and Research
Publisher : Emirates Center for Strategic Studies and Research
Page : 40 pages
File Size : 41,6 Mb
Release : 2004-06-09
Category : Antiques & Collectibles
ISBN : 9789948005728

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Risk and Uncertainty in the Changing Global Energy Market by The Emirates Center for Strategic Studies and Research Pdf

The complex dynamics of the world energy market make it virtually impossible to map clearly the contours of the emerging global scenario. However, realistic trend evaluation, risk assessment, change management strategies and provision for eventualities are imperatives for nations, organizations and companies that have a major stake in the energy industry. Uncertainties may originate from many quarters-geopolitical factors, market forces, energy security issues, environmental and safety concerns. These risk factors call for careful analysis and effective solutions. ECSSR's Eighth Annual Energy Conference, held in Abu Dhabi from October 19-20, 2002 assembled a panel of energy experts to identify and assess the major risks and uncertainties affecting the global energy market. The conference presentations contained in this book shed light on issues such as geopolitical and military risks, supply disruptions, accidents and contingencies, infrastructure constraints, price fluctuations, market uncertainties and technical challenges. For both energy producers and consumers there are valuable guidelines on minimizing foreseeable risks through techniques such as energy supply diversification, import reduction moves, developing alternative energy sources, building strategic links with suppliers, signing regional cooperation agreements, maintaining oil stockpiling, implementing pricing strategies, enhancing energy conservation, increasing energy efficiency and countering speculative trading.

Author : Anonim
Publisher : Unknown
Page : 227 pages
File Size : 43,5 Mb
Release : 2004
Category : Energy industries
ISBN : 9948005740

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Risk and Uncertainty in the Changing Global Energy Market by Anonim Pdf

Author : GARP (Global Association of Risk Professionals)
Publisher : John Wiley & Sons
Page : 140 pages
File Size : 54,5 Mb
Release : 2008-11-10
Category : Business & Economics
ISBN : 9780470421901

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Foundations of Energy Risk Management by GARP (Global Association of Risk Professionals) Pdf

GARP's Fundamentals of Energy Risk Management introduces investors to the basic components and some of the basic terminology used in the energy industry. It covers the commodity cycle, energy use and sources, and various risk types, various energy products and the markets where energy is traded. It also introduces certain risk management fundamentals and real option thinking. The book is GARP's required text used by risk professionals looking to obtain their Certificate in Energy Risk Management.

Author : Organization for Economic Cooperation & Development
Publisher : Unknown
Page : 261 pages
File Size : 43,5 Mb
Release : 1988-01-01
Category : Electronic
ISBN : 9264030158

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Foreign Trade by Commodities - Vol 2 Imports / Importations by Organization for Economic Cooperation & Development Pdf

Our climate is changing. Less certain, however, is the timing and magnitude of climate change, and the cost of transition to a low-carbon world.This book identifies how climate change policy uncertainty may affect investment behaviour in the power sector. For power companies, where capital stock is intensive and long-lived, those risks rank among the biggest and can create an incentive to delay investment. Our analysis results show that the risk premiums of climate change uncertainty can add 40% of construction costs of the plant for power investors, and 10% of price surcharges for the electricity end-users. "Climate Policy Uncertainty and Investment Risk" tells what can be done in policy design to reduce these costs.

Author : Alfred Allen Marcus
Publisher : Unknown
Page : 128 pages
File Size : 47,6 Mb
Release : 2019
Category : BUSINESS & ECONOMICS
ISBN : 110812058X

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Strategies for Managing Uncertainty by Alfred Allen Marcus Pdf

"All organizations must cope with future uncertainties. These uncertainties affect the strategic choices they make. They must commit scarce organizational resources to future outcomes which they have little assurance will come into being. Marcus explores how decision makers in the energy industry made choices in the face of such uncertainties, specifically examining two major uncertainties they confronted in the 2012-18 period - price volatility and climate change. Marcus tells the story of how different companies in the integrated oil and natural gas sector and in the motor vehicle sector responded to these uncertainties. In the face of these challenges, companies in the energy industry hedged their bets by staking out paradoxical or contrasting positions. On the one hand, they focused on capturing as much gain as they could from the world's current dependence on fossil fuels and on the other hand they made preparations for a future in which fossil fuels might not be the world's dominant energy source"--

Author : Professional Risk Managers' International Association (PRMIA)
Publisher : McGraw Hill Professional
Page : 490 pages
File Size : 52,9 Mb
Release : 2007-12-21
Category : Business & Economics
ISBN : 9780071631655

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The Professional Risk Managers' Guide to the Energy Market by Professional Risk Managers' International Association (PRMIA) Pdf

An essential resource for all financial professionals affected by energy prices, The Professional Risk Managers’ Guide to the Energy Market presents a complete account of the evolution, tools, scope, and breadth of the energy and environmental financial markets. Sponsored by the PRMIA Institute and edited by renowned analyst Peter Fusaro, the book includes contributions from 20 world experts who discuss every aspect of energy trading and the risks associated with specific investment vehicles and energy sectors. Organized in three parts, The Professional Risk Managers’ Guide to the Energy Market begins with a comprehensive overview of the energy market, goes on to provide an in-depth review of energy risk management tools, and finally delivers detailed coverage of risk management software, energy hedging in Asian markets, trading electricity options, and weather risk management strategies. Designed to improve investment insights and skills, The Professional Risk Managers’ Guide to the Energy Market features timely chapters on: Energy Futures Today The Over-the-Counter Energy Derivatives Market Energy Derivatives Structures The Nordic Electricity Markets Market Risk Measurement and Management for Energy Firms Best Practices in Credit Risk Management for Energy and Commodity Derivatives Natural Gas Trading Risk Management in Energy-Focused Commodity Futures Investing The ISDA Master Agreement Ten Years On, ISDA 2002 Authoritative and comprehensive, The Professional Risk Managers’ Guide to the Energy Market equips risk managers, institutional investors, and financial analysts with all the information, tools, and strategies required to understand and succeed in the fast-changing global energy marketplace.

Author : Sayyad Nojavan,Kazem Zare
Publisher : Springer Nature
Page : 274 pages
File Size : 42,6 Mb
Release : 2020-03-10
Category : Business & Economics
ISBN : 9783030369798

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Electricity Markets by Sayyad Nojavan,Kazem Zare Pdf

This book analyzes new electricity pricing models that consider uncertainties in the power market due to the changing behavior of market players and the implementation of renewable distributed generation and responsive loads. In-depth chapters examine the different types of market players including the generation, transmission, and distribution companies, virtual power plants, demand response aggregators, and energy hubs and microgrids. Expert authors propose optimal operational models for short-term performance and scheduling and present readers with solutions for pricing challenges in uncertain environments. This book is useful for engineers, researchers and students involved in integrating demand response programs into smart grids and for electricity market operation and planning. Proposes optimal operation models; Discusses the various players in today's electricity markets; Describes the effects of demand response programs in smart grids.

Author : William Blyth,Ming Yang,Richard Bradley,International Energy Agency
Publisher : OECD Publishing
Page : 152 pages
File Size : 43,7 Mb
Release : 2007
Category : Business & Economics
ISBN : UOM:39015069233644

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Climate Policy Uncertainty and Investment Risk by William Blyth,Ming Yang,Richard Bradley,International Energy Agency Pdf

This publication examines how uncertainty in climate change policy may affect investment behaviour in the power sector and how the costs of transition to a low-carbon economy may be addressed. For power companies, where capital stock is intensive and long-lived, those risks rank among the biggest and can create an incentive to delay investment. The analysis show that the risk premiums of climate change uncertainty can add 40 per cent of construction costs of the plant for power investors, and 10 per cent of price surcharges for the electricity end-users. It also looks at the sensitivity of different power sector investment decisions to different risks and considers the implications for policy development and design.

Author : André Dorsman,Timur Gök,Mehmet Baha Karan
Publisher : Springer Science & Business Media
Page : 221 pages
File Size : 45,6 Mb
Release : 2014-02-17
Category : Business & Economics
ISBN : 9783642415968

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Perspectives on Energy Risk by André Dorsman,Timur Gök,Mehmet Baha Karan Pdf

Since the Industrial Revolution, the efficiency with which energy resources are extracted and converted into work has played a prominent role in the accumulation of material wealth. The prominent role of energy resources, in conjunction with their scarcity and their uneven geographic distribution, has had significant repercussions. Collaboration, competition and conflict among nation states for energy resources have created global, geopolitical and market risks. In this volume, academic scholars and practitioners assess these risks from global, geopolitical and market perspectives. They do so by presenting empirical research and discussing our current understanding of this quickly changing and developing field. This is the third volume in a series on energy organized by the Centre for Energy and Value Issues (CEVI). The previous volumes in the series were Financial Aspects in Energy (2011) and Energy Economics and Financial Markets (2012).

Author : Manfred Hafner,Simone Tagliapietra
Publisher : Springer Nature
Page : 398 pages
File Size : 54,6 Mb
Release : 2020-06-09
Category : Political Science
ISBN : 9783030390662

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The Geopolitics of the Global Energy Transition by Manfred Hafner,Simone Tagliapietra Pdf

The world is currently undergoing an historic energy transition, driven by increasingly stringent decarbonisation policies and rapid advances in low-carbon technologies. The large-scale shift to low-carbon energy is disrupting the global energy system, impacting whole economies, and changing the political dynamics within and between countries. This open access book, written by leading energy scholars, examines the economic and geopolitical implications of the global energy transition, from both regional and thematic perspectives. The first part of the book addresses the geopolitical implications in the world’s main energy-producing and energy-consuming regions, while the second presents in-depth case studies on selected issues, ranging from the geopolitics of renewable energy, to the mineral foundations of the global energy transformation, to governance issues in connection with the changing global energy order. Given its scope, the book will appeal to researchers in energy, climate change and international relations, as well as to professionals working in the energy industry.

Author : Giray Saynur Bozkurt
Publisher : Cambridge Scholars Publishing
Page : 540 pages
File Size : 46,7 Mb
Release : 2014-07-24
Category : History
ISBN : 9781443864756

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Blue Black Sea by Giray Saynur Bozkurt Pdf

This book presents the opinions of experts and researchers from the Black Sea states with respect to history, security, politics, strategy, energy, and economy in the region, and explains various dimensions of the present international relations and problem areas from both theoretical and conceptual perspectives. Offering the reader a comprehensive approach that covers a wide range of affairs, it is hoped that this book will fill an important gap in international relations studies. While the added word “Blue” in the title indicates our shared aspirations for a clean and peaceful future, overall this book is intended to provide valuable academic assessments and share them with the wider world community, thus disseminating findings about the regional and global policies being pursued in the Black Sea region today.

Author : Peter D Cameron,Xiaoyi Mu,Volker Roeben
Publisher : Bloomsbury Publishing
Page : 371 pages
File Size : 51,7 Mb
Release : 2021-01-14
Category : Law
ISBN : 9781509932481

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The Global Energy Transition by Peter D Cameron,Xiaoyi Mu,Volker Roeben Pdf

Introduction / Peter Cameron, Xiaoyi Mu and Volker Röben -- Comparison of outlooks and implications for an energy transition / Xiaoyi Mu and Dilip K Jena -- Oil-rich countries' responses to energy transition : managing the decline / David Manley, Patrick Heller, and James Cust -- A treatise for energy law / Raphael J Heffron, Anita Rønne, Joseph P Tomain, Adrian Bradbrook, and Kim Talus -- What do we mean when we talk about international energy law? / Volker Röben and Gökçe Mete -- The legal effect of the Paris rulebook under the doctrine of treaty interpretation / Petra Minnerop -- How will energy market regulation have to change in the era of energy 4.0? / Penelope Crossley -- Between transnational private law and public international law : engineer-driven self-governance in transboundary energy megaprojects / Christoph G Benedict -- Managing the threat of regulatory capture under the European Energy Union / Rafael Emmanuel Macatangay and Volker Röben -- Power over power : the global energy interconnection and potential cyber-threats / Jakob Haerting -- Implementing the energy transition in the face of investment protection standards / Martin Jarrett -- The EU FDI screening regulation as an example of the proliferation of FDI screening processes affecting the energy sector / Leonie Reins and Dylan Geraets -- International arbitration in the renewable field : recent developments in Spain / Iñigo del Guayo -- How should shale gas extraction be taxed? / Philip Daniel, Alan Krupnick, Thornton Matheson, Peter Mullins, Ian Parry, and Artur Swistak -- Trinidad and Tobago's Oil and gas sector in a changing world (2010-2019) / Kevin Ramnarine -- The concept of global energy transition and its agenda / Peter Cameron, Xiaoyi Mu, and Volker Röben.

Author : Marilyn A. Brown,Benjamin K. Sovacool
Publisher : MIT Press
Page : 427 pages
File Size : 43,7 Mb
Release : 2011-08-12
Category : Science
ISBN : 9780262516310

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Climate Change and Global Energy Security by Marilyn A. Brown,Benjamin K. Sovacool Pdf

An exploration of commercially available technologies that can enhance energy security and address climate change and public policy options crucial to their adoption. Tackling climate change and improving energy security are two of the twenty-first century's greatest challenges. In this book, Marilyn Brown and Benjamin Sovacool offer detailed assessments of the most advanced commercially available technologies for strengthening global energy security, mitigating the effects of climate change, and enhancing resilience through adaptation and geo-engineering. They also evaluate the barriers to the deployment of these technologies and critically review public policy options crucial to their adoption. Arguing that society has all the technologies necessary for the task, Brown and Sovacool discuss an array of options available today, including high-efficiency transportation, renewable energy, carbon sequestration, and demand-side management. They offer eight case studies from around the world that document successful approaches to reducing emissions of greenhouse gases and improving energy security. These include the Danish approach to energy policy and wind power, Brazil's ethanol program, China's improved cookstove program; and the U.S. Toxics Release Inventory. Brown and Sovacool argue that meeting the twin challenges of climate change and energy security will allow us to provide energy, maintain economic growth, and preserve the natural environment—without forcing tradeoffs among them.

Author : Leonardo Martinez-Diaz,Jesse M. Keenan
Publisher : U.S. Commodity Futures Trading Commission
Page : 196 pages
File Size : 43,6 Mb
Release : 2020-09-09
Category : Science
ISBN : 9780578748412

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Managing Climate Risk in the U.S. Financial System by Leonardo Martinez-Diaz,Jesse M. Keenan Pdf

This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742

Author : Antonio J. Conejo,Miguel Carrión,Juan M. Morales
Publisher : Springer Science & Business Media
Page : 549 pages
File Size : 48,6 Mb
Release : 2010-09-08
Category : Business & Economics
ISBN : 9781441974211

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Decision Making Under Uncertainty in Electricity Markets by Antonio J. Conejo,Miguel Carrión,Juan M. Morales Pdf

Decision Making Under Uncertainty in Electricity Markets provides models and procedures to be used by electricity market agents to make informed decisions under uncertainty. These procedures rely on well established stochastic programming models, which make them efficient and robust. Particularly, these techniques allow electricity producers to derive offering strategies for the pool and contracting decisions in the futures market. Retailers use these techniques to derive selling prices to clients and energy procurement strategies through the pool, the futures market and bilateral contracting. Using the proposed models, consumers can derive the best energy procurement strategies using the available trading floors. The market operator can use the techniques proposed in this book to clear simultaneously energy and reserve markets promoting efficiency and equity. The techniques described in this book are of interest for professionals working on energy markets, and for graduate students in power engineering, applied mathematics, applied economics, and operations research.