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This book explores the functioning of coal markets and their influence on ports and maritime economics since the second half of the nineteenth century. Each chapter includes case studies from different parts of the world, explaining the role played by coal in the expansion of the shipping industry. This book also explores regions usually neglected by the mainstream scholarly literature in this field. The relationship between steam engine technology and imperial expansion, how the emergence of global security was driven by maritime technological revolutions, and the connection between global seaports and the spread of global economic and political systems are also discussed.This book aims to highlight the important role seaports and fuel markets played in the evolution of international commercial flows and activities. Fuelling the World Economy will be useful for historians, economists, and geographers interested in maritime and energyissues, as well as researchers interested in transport and technology.
This book takes a radical approach to ecological economics, proposing a new paradigm based on earth systems science. This book questions the foundation of economics on individual private property, and proposes new forms of relationship to land and to the state. It questions the foundation of economics on the individual, and proposes new forms of regional ecological collectives, integrated at the global level. It critically examines the assumptions of economics and re-envisions it as more integrally related to society and ecology. The volume integrates insights from a variety of fields, including humanities, natural, and social science, placing human life in the setting of ecology. The chapters invoke a historical institutional methodology to examine the link between economic theories and economic institutions, understanding performativity and applying reflexivity, and the potential for the emergence of new visions and methods. The method draws upon literary studies, linguistic philosophy, as well as long term economic history. Providing an alternative view of the relationship of humans to the earth, this book is appropriate for students and researchers across a variety of disciplines including economics, history, ecology, and philosophy.
This book provides a thorough guide to building resilient cities, through the use of smart solutions enabled by information and communication technologies. It introduces innovative approaches for integrating smart solutions into urban resilience planning and offers numerous global case studies to illustrate the benefits of the theories discussed. Against a background of increased natural disasters, pandemics, and climate change, this book answers research questions such as: * Do smart city projects contribute to urban climate resilience?* What are the indicators of smart city resilience?* What procedures should be taken to improve efficacy of smart city solutions?* What are the opportunities and challenges for promoting smart city resilience and for integrating resilience thinking into smart city planning? Including contributions from international experts, explanatory illustrations, and data-driven tables, this book is of interest to researchers, policymakers, and graduate students focused on developing more sustainable, smart, and resilient cities.
This book offers an overarching view of the underlying challenges that the energy transitions pose to interstate energy relations. Geopolitics of energy currently epitomizes one of the principal sources for geopolitical vicissitudes affecting global energy landscapes. The ever-changing global energy architecture, global decarbonization plans and low-carbon technology developments are having deep geopolitical consequences. The extensive and rapid adjustment towards low-carbon energy is unsettling the conventional transnational energy structures, affecting economies and altering energy interstate relations. The geopolitics of the energy transitions is a field in the making, hence the existent academic literature is scarce and limited in scope. Current debates on decarbonization tend to mimic the geopolitics of oil and gas when discussing the stakeholders involved in the energy transitions. Besides, energy transitions tend to be studied at the national level overlooking the interactions at regional and global scales. Most research on the geopolitics of the energy transitions to date has mainly focused on the path to achieve the transitions to low carbon energy systems, and less on the global dynamics and the impacts of those transitions to inter-state relations and energy security. The fundamental question that needs dwelling is: How, and to what extent, will the multiple dimensions of the ongoing energy transitions affect existing fundamental geopolitical issues, and what new dynamics may result from the decarbonization process of the planet? The reasons to organize this publication are many, but among them stand one, which is functioning as the driving force behind this project: to contribute to a broader discussion on the ways in which energy transitions and geopolitics intersect.
This volume presents a transdisciplinary approach to implementing a circular economy in international business. Written by global experts, this book provides a detailed and professional focus on issues that must be improved in order to successfully implement a circular economy in a variety of industries. The book begins with a discussion of the theoretical aspects of circular economy and the challenges of going from theory to practice. The following chapters present case studies on the circular economy in different sectors of international business such as food systems, mineral processing, water management, energy process, waste management, the cement industry, and 3D printing. Issues such as the role of SMEs in the circular economy, and the progress towards circular economy 3.0, and strategies for teaching the circular economy are also discussed. The volume ends with a critique of the concept of circular economy and suggestions for future research avenues. Written with multiple stakeholders in mind, this volume will be of interest to researchers and students of economics, sustainability, international business, and management as well as industry professionals and governments working towards establishing a circular economy in their fields and jurisdictions.
This book examines the reduction of natural resource revenue dependency in resource-rich countries. Such countries experience lower economic growth due to factors of high volatility in commodity prices, reduction in accountability, undermining of the competitiveness of other economic sectors, and weak power of institutions. The analysis is based on an identified gap in the literature regarding how private sector development and public sector development affect the degree of dependency on resource revenue in natural resource-rich countries.This book studies the interaction between private and public sector development with dependency on natural resources, specifically exploring whether the two diversified factors lead to a decrease in the degree of dependency, which is important for economic growth and to overcome the "resource curse". Economic diversification is viewed as a long-term solution to the high economic dependency from natural resources. Private sector development and public sector reforms may lead to this diversification.The analysis of the book helps to shed light on private sector development, public services sector privatization, and a taxation system to diversify sources of income, with the objective to reduce dependency on natural resources extraction.This book is an invaluable read for public policymakers, the public and private sectors, law makers, and scholars of developmental studies.
This book presents an international review of the modern geo-economy and a scientific take on the geo-economy of the future. It identifies the challenges of climate change and their impact on the modern geo-economy. Prospects for the geo-economy of the future are outlined based on sustainable agriculture and alternative energy. Policy implications are put forward to develop a geo-economy of the future in response to the challenges of climate change. The book presents management implications for the development of the geo-economy of the future in response to the challenges of climate change at the regional and global scale. It presents the lessons-learned through the COVID-19 pandemic, and applies experiences of countries with different environmental conditions for agriculture and the development of the energy sector. Based on these results, advanced practical recommendations and ready-made frameworks at the national, regional, and enterprise level are provided.
This book discusses issues of geoecological (GER) and geopolitical (GPR) risks due to hydrocarbon development of the Arctic. The authors explain the ethical and philosophical foundations of understanding environmental equity and justice in relation to the development of Arctic natural resources and consider various approaches to the moral aspects of making global management decisions in the field of environmental protection and environmental safety. Special attention is paid to analysis of modern geopolitical and geostrategic challenges to the development of the Arctic region. The monograph identifies the key geopolitical factors affecting the sustainable development of the Arctic and analyzes the similarities and differences in the geostrategic positions of the five Arctic states. The authors reveal the need to consider geopolitical challenges in the process of GER analysis for oil and gas development in the Arctic region. The book explores the intersection of the strategic interests for a number of states and describes Russia's inability to ensure environmental safety in the development of Arctic deposits. The book analyzes in detail each type of GER with an emphasis on their potential to lead to additional opportunities and threats, and assesses environmental rating as an indicator of the GER management process of Russian oil and gas companies operating in the Arctic. Although the main focus is on the Russian part of this region, many arguments and conclusions are quite applicable to the entire Arctic region. The consideration of geoecological and geopolitical aspects of the development of Arctic resources with the example of Russian oil and gas companies sheds light on the entire Arctic region, taking into account the interests of all other national and international companies involved in GER and GPR there.
Intelligent Learning Approaches for Renewable and Sustainable Energy provides a practical, systematic overview of the application of advanced intelligent control techniques, adaptive techniques, machine learning algorithms, and predictive control in renewable and sustainable energy. Sections introduce intelligent learning approaches and the roles of artificial intelligence and machine learning in terms of energy and sustainability, grid transformation, large-scale integration of renewable energy, and variability and flexibility of renewable sources. Other sections provide detailed coverage of intelligent learning techniques as applied to key areas of renewable and sustainable energy, including forecasting, supply and demand, integration, energy management, optimization, and more.This is a useful resource for researchers, scientists, advanced students, energy engineers, R&D professionals, and other industrial personnel with an interest in sustainable energy and integration of renewable energy sources, energy systems, energy engineering, machine learning, and artificial intelligence.
This book offers a comprehensive study concerning the reliability of renewable electricity production in the Faroe Islands. The first part reports on a RoadMap with investments in generation, storage and transmission capacity. Multiple scenarios, considering different technologies, are analysed. Practical constraints like the local resource potential, power plant locations and sizes are discussed, as well as the potential of tidal power. The second part of the book describes dynamic simulations studies carried out to investigate grid stability of the power system on the isolated island of Suðuroy. The available information about governor and automatic voltage regulators of the synchronous generators was very limited, therefore different approaches were combined to parameterise and validate the dynamic models. All in all, this book offers extensive information concerning the transition of the Faroese power system into a 100% renewable system. It ispractice-oriented, and describes methods that can be applied to other power systems as well.
This book explores the role of renewable energy sources in driving sustainable development, with a focus on their circular use in achieving environmental efficiency and an energy balance. The authors highlights the significance of renewable energy in reducing costs for producers and consumers while also ensuring the production of clean energy that can be integrated seamlessly into the national power grid without compromising reliability or energy security.Readers are introduced to the circular economy model and its importance in the context of renewable energy. The book sheds light on the challenges associated with transitioning to alternative energy systems, particularly in cases where not all resources can be fully circulated. Through the research presented in this book, stakeholders will gain insights into how the sustainable renewable energy supply chain can be adapted within the circular economy. This will have a synergistic effect in reducing carbonemissions, and also aid in the production of renewable energy equipment.
This monograph explores the potential of blockchain technology to facilitate the transition in the oil and gas (O&G) industry.As the world shifts towards a sustainable energy future, the oil and gas industry faces significant challenges and opportunities. Focusing on the development of a sustainable O&G industry, the book delves into the role of climate and financial markets in the energy sector, applications of blockchain in sustainable energy development, and the challenges of legal and regulatory issues in applying blockchain technology. It provides insight into how the energy industry is already working on reducing carbon emissions and paving the way to a sustainable future with detailed examples of reducing methane emissions, carbon credit markets, sustainable aviation fuels, and plastics. The book also examines how O&G companies could further their sustainability initiatives using blockchain technology for emission data monitoring, carbon capture, utilization, storage, and supply-chain management to develop clean products.
This book examines the reconstruction of Afghanistan's economy during the US and international occupation of the country between 2001 and 2021. Applying an institutionalist framework and based on extensive empirical data, it focuses on resource allocation by private individuals in manufacturing activities. As such, market-oriented policy adopted in this period is analysed to highlight its suitability in such a context for achieving relatively better and more productive resource allocation.The book underscores 'socially contingent knowledge' and its role in private resource allocation where the private sector's involvement is fledgling, bringing out the limitations and possibilities that this feature entails. It raises important questions and deals with problems that are relevant to contemporary debates in economics and political economy of development.
Provides an assessment of the coal industry, theoretical debates about coal, and government's role in a just transition and sustainability This book investigates the consequences of shifting social responsibilities, new inequalities and the sustainability concerns created by the likely energy transition in Africa to end the fossil-fuel era. Focusing on describing the local realities in a growing coal and energy town of South Africa, Emalahleni, it explores whether a just transition from coal-generated energy is possible and what the local implications will be of this global restructuring of the energy sector. The book also provides an overview of the current situation in South Africa, mining and mining towns and the theory of a just transition and mine closure, in order to present a thorough assessment of the political economy of coal towns. Lochner Marais is Professor of Development Studies in the Centre for Development Support at the University of the Free State. His research integrates themes of housing policy, health and mining communities. Philippe Burger, an economist by training, is currently the Pro Vice-Chancellor: Poverty, Inequality and Economic Development and Vice-Dean at the University of the Free State, Bloemfontein, South Africa. Maléne Campbell is Associate Professor in the Department of Urban and Regional Planning at the University of the Free State. Stuart Paul Denoon-Stevens is a Lecturer in the Department of Urban and Regional Planning at the University of the Free State. Deidré Van Rooyen is Programme Director for Development Studies and a researcher in the Centre for Development Support at the University of the Free State.
In 2023, the Brent oil benchmark, a key international oil price marker for global crude oil underwent a substantial change. It incorporated another key benchmark, West Texas Intermediate oil from Midland, produced in the US and sold into European and Asian markets. Brent is used to set prices for over 70 per cent of global crude oil, so this fundamental change in the composition of the benchmarks is making some observers question its future development and even its survival. Lessons from the past are very important for the future, particularly in this case. This book revisits the history and genesis of the Brent oil benchmark and how it came to dominate the global oil market for oil. With chapters written by the individuals involved in trading and shaping the market, it brings the richness and texture to the usual historical narrative by recalling the events, companies and people who shaped its history. It introduces the historical background to the international oil markets and the reasons for a move from OPEC-set prices to oil benchmarks. It discusses the role of the North Sea in the international oil markets, as well as the role of the British government in the British national oil and gas monopoly (British National Oil Corporation or BNOC). The development of the North Sea oil, which coincided with the liberalisation policies in the UK and US, is also discussed, alongside the challenges of the oil exchange (International Petroleum Exchange) in London, the home of Brent and looks at the failures, attempted takeovers, and its eventual sale to the Intercontinental Exchange (ICE). It finally discusses the growing market ecosystem of the price reporting agencies (PRAs), which play a key role in establishing the value of the Brent benchmark.
Studierende und interessierte Leser/innen erhalten eine Einführung in die Mechanismen der Energiewirtschaft. Dies beginnt mit den Rohstoffressourcen, deren Verfügbarkeit und der Preisbildung. Szenarien der weltweiten Energieversorgung führen zu nationalen Betrachtungen der Märkte für Öl, Erdgas, Braunkohle, Steinkohle sowie Elektrizität und der wachsenden Bedeutung erneuerbarer Energien. Zahlreiche Grafiken und Schaubilder veranschaulichen die Zusammenhänge und Wirkungen. Besonderheiten, bemerkenswerte Sachverhalte oder aus der Sicht der Praxis besonders relevante Fragestellungen sind im Text besonders gekennzeichnet. Der Autor bringt eine umfangreiche Praxiserfahrung mit, die er in dieses Buch einfließen lässt.
This volume illustrates the relationship between environmental factors and economic development of countries from various angles. Global warming has become a problem that threatens the whole world, especially in recent years. It is known that the main reason for this is carbon emissions. On the other hand, carbon emissions generally consist of fossil fuel-based energy consumption. This situation creates very serious environmental problems. Because of this problem, the concept of carbon zero has become very popular, especially in recent years. Many countries take some actions to minimize carbon emissions. Especially in the coming years, carbon emissions will become a competitive factor for countries and businesses. In this respect, countries with low carbon emissions will be preferred more in foreign trade. In addition, businesses that do not generate carbon emissions in the production process will also gain a significant competitive advantage in international trade. The contributions take a multidimensional outlook to energy investments and offer solutions for decision-making for energy projects in risky business ecosystems.
This open access book explores climate change impacts, adaptation, and mitigation in Central Asia and discusses policy options for the Central Asian governments. To address the urgent need for local scholarship on climate change in Central Asia, and in particular the need for more research by social scientists, this book features a wide range of contributions on climate change impacts, adaptation and mitigation in the region. Each chapter makes an important contribution to social science scholarship on climate change and decarbonization in Central Asia. Topics include decarbonization opportunities, carbon pricing instruments, the geo-economics of the energy transition, the relationship between human mobility and climate change. The book thus offers valuable insights for both academics and policymakers.
Asia is home to 60 per cent of the world's population, including the world's two most populous nations, China and India. The region's economic gains and rising middle class are accelerating demand for more consumer goods and a better quality of life. For further economic growth to be realised, the region will need a massive supply of additional energy, three- to five-fold 2020¿s amount by 2050. These changes create new business and investment opportunities for domestic companies and overseas participants. Asiäs energy market, already the world¿s biggest, will soon be the most advanced. There will be mass adoption of digital technologies, like artificial intelligence, to make the distribution of solar, wind and other clean resources, smarter and more efficient. Led by China, billions of dollars in capital investment will drive the region's shift to green, sustainable energy, replacing polluting and expensive fossil fuels, which will help to rein in climate change. In Asiäs Energy Revolution, leading energy markets analyst and practitioner Joseph Jacobelli explains why Asia is the world¿s most important territory for energy transition, how developments in the region will drive change in the rest of the world as well as how it will all be financed. The book discussion includes: Analysis of past events and forward-looking analysis of the industry in the region encompassing commercial, economic, and financial aspects Appraisal of new energy technologies, such as electric vehicles, and digital solutions, such as blockchain for energy Review of the capital flows and sustainable financing channels needed to fund energy infrastructure and tech growth
This Open Access book examines the radioactive waste management policies of ten European countries: Belgium, Finland, France, Germany, Italy, the Netherlands, Spain, Sweden, Switzerland and the United Kingdom. Most countries are in the process of planning and creating final storage solutions, while none has yet finalized this process. Over the past decades many countries have been renewing their decision-making processes and the institutions that support them. The book provides 16 lessons that may advance the future democratic decision-making process around radioactive waste management.
This book describes how equipping buildings with smart meters is essential to improve the prediction of energy costs within smart grids and to help end-users optimize their energy consumption. The book reports on the results of the European Upper Rhine INTERREG project SMI (www.smi.uha.fr), which connects artificial intelligence and micro-societal analysis. It is multidisciplinary and addresses the following aspects: social, legal, environmental, and technical.One of the critical factors for the transition to clean energy is the flexibility of the power grid. A flexible grid requires a constant flow of data about the network and its demand, on the other hand, clients who produce electrical power can be an active part of the demand response if they are informed about the power needs of their appliances.¿If you cannot measure it, you cannot improve it.¿ This common management saying also holds true for the area energy efficiency. Without a clear understanding of their energy usage, consumers are unable to take steps to reduce their consumption. A new intelligent tool is presented that is more efficient, safe, and acceptable to consumers. Thus, users of this intelligent tool will be able to collect and predict the consumption of their electrical appliances. At the same time, the consumption information is anonymized before being relayed to the energy supplier. In parallel, new techniques will be evaluated to improve the security level of the smart meter in a highly heterogeneous network.
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