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[en] As the world's leading producer and second largest exporter of coal, China has had to face up to outstanding growth in coal demand from the iron and steel sector and the electricity companies since 2002. Unless unknown factors intervene, these trends should continue for at least the next few years as 34 additional GWe are planned annually, most of which concern thermal coal. Can China's industry, (which will have extracted 1.6 billion tonnes by late 2004), face up to such growth in demand? Will it find it necessary to withdraw from the international market, by lowering its export ceiling, itself already trim ed to 80 million tonnes? Some outside observers believe this, although the political authorities are convinced that price reform and restructuring of the coal industry will enable it to meet this rising demand. (author)
[en] Oil price dynamics during 2002-2006 have been characterized by high volatility, high intensity jumps, and strong upward drift, and were concomitant with underlying fundamentals of oil markets and world economy; namely, pressure on oil prices resulting from rigid crude oil supply and expanding world demand for crude oil. A change in the oil price process parameters would require a change in underlying fundamentals. Market expectations, extracted from call and put option prices, anticipated no change in underlying fundamentals in the short term. Markets expected oil prices to remain volatile and jumpy, and with higher probabilities, to rise, rather than fall, above the expected mean. (author)
[en] The impacts are getting closer, and we all know the consequences. There is probably no one in the energy industry who is not familiar with the novel "BLACKOUT-Morgen ist es zu spät" (It's Too Late in the Morning BLACKOUT), which was published on 17.6.2013.
[de]Die Einschläge kommen näher und wir kennen alle die Folgen. Es dürfte (wahrscheinlich) niemand in der Energiebranche geben, der den am 17.6.2013 erschienenen Roman "BLACKOUT-Morgen ist es zu spät" nicht kennt.
[en] In this work the welfare effects and the distributive impact on Italian households of the Italian Carbon tax are calculated. The Carbon tax has been introduced in Italy at the beginning of 1999 asking for smooth increases, over a number of years, in the prices of most fossil fuels. Its welfare effects have been calculated using True Cost of Living index numbers and the Compensating Variation. The parameters have been obtained through estimation of a complete Almost Ideal demand system, using household's data from 1985 to 1996. The welfare loss turns out to be quite substantial and affects Italian households in a non-negligible way, but the distribution of welfare losses across different levels of total monthly expenditures does not allow sustaining the regressivity of Carbon taxation, as the effect becomes bigger as we move up the income distribution. This evidence might encourage the use of Carbon taxes, at least in the transport sector, as cost-effective instruments of environmental policy, especially after the ratification of the Kyoto Protocol on Climate Change. (author)
[en] Turkey currently has two operating research reactors but no commercial nuclear power plants, three previous attempts to establish a nuclear power programme having failed. Long term energy supply and demand projections include plans for 2000 MWe of nuclear generation, however, as part of the forecast additional 40 000 MWe of capacity which will be needed. The Turkish Electricity Generation and Transmission Company (TEAS) expects to be in operation by about 2003. A built, operate, transfer agreement will be the preferred option, the plant vendor forming a joint venture company with TEAS to build and operate the plant and sell on the electricity to TEAS. The choice of reactor is likely to depend on the time at which the decision is made. Before 2000, the choice would probably be a conventional or evolutionary BWR, PWR of PHWR design. Beyond 2000, the choice of one of a new generation of reactor designs could be made. (UK)
[en] Korea s natural gas demand has increase enormously since 1986. Natural gas demand in Korea will approach to 29 million tonnes by the year 2010, from little over 9 million tonnes in 1996. This rapid expansion of natural gas demand is largely due to regulations for environmental protection by the government as well as consumers preference to natural gas over other sources of energy. Especially industrial use of gas will expand faster than other use of gas, although it will not be as high as that in European and North America countries. To meet the enormous increase in demand, Korean government and Korea Gas Corporation (KOGAS) are undertaking expansion of capacities of natural gas supply facilities, and are seeking diversification of import sources, including participation in major gas projects, to secure the import sources on more reliable grounds. (Author). 5 tabs
[en] The Dutch Ministry of Economic Affairs recently decided to grant the Energy research Centre of the Netherlands a privileged position where it concerns the energy research budget as determined within the Energy Research Subsidies program, which is coordinated by the ministry's agency SenterNovem
[nl]Het ministerie van Economische Zaken heeft eind 2005 besloten het Energieonderzoek Centrum Nederland ECN een bevoorrechte positie te geven als het gaat om subsidieverlening in het kader van de EnergieOnderzoek Subsidie (EOS) van SenterNovem