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  • Authors: Shu Fan; Rob J. Hyndman;

    Short-term load forecasting is an essential instrument in power system planning, operation and control. Many operating decisions are based on load forecasts, such as dispatch scheduling of generating capacity, reliability analysis, and maintenance planning for the generators. Overestimation of electricity demand will cause a conservative operation, which leads to the start-up of too many units or excessive energy purchase, thereby supplying an unnecessary level of reserve. On the contrary, underestimation may result in a risky operation, with insufficient preparation of spinning reserve, causing the system to operate in a vulnerable region to the disturbance. In this paper, semi-parametric additive models are proposed to estimate the relationships between demand and the driver variables. Specifically, the inputs for these models are calendar variables, lagged actual demand observations and historical and forecast temperature traces for one or more sites in the target power system. In addition to point forecasts, prediction intervals are also estimated using a modified bootstrap method suitable for the complex seasonality seen in electricity demand data. The proposed methodology has been used to forecast the half-hourly electricity demand for up to seven days ahead for power systems in the Australian National Electricity Market. The performance of the methodology is validated via out-of-sample experiments with real data from the power system, as well as through on-site implementation by the system operator.

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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: Göran Berndes; Serina Ahlgren; Pål Börjesson; Annette L. Cowie;

    AbstractBioenergy projects can lead to direct and indirect land use change (LUC), which can substantially affect greenhouse gas balances with both beneficial and adverse outcomes for bioenergy's contribution to climate change mitigation. The causes behind LUC are multiple, complex, interlinked, and change over time. This makes quantification uncertain and sensitive to many factors that can develop in different directions—including land use productivity, trade patterns, prices and elasticities, and use of by‐products associated with biofuels production. Quantifications reported so far vary substantially and do not support the ranking of bioenergy options with regard to LUC and associated emissions. There are however several options for mitigating these emissions, which can be implemented despite the uncertainties. Long‐rotation forest management is associated with carbon emissions and sequestration that are not in temporal balance with each other and this leads to mitigation trade‐offs between biomass extraction for energy use and the alternative to leave the biomass in the forest. Bioenergy's contribution to climate change mitigation needs to reflect a balance between near‐term targets and the long‐term objective to hold the increase in global temperature below 2°C (Copenhagen Accord). Although emissions from LUC can be significant in some circumstances, the reality of such emissions is not sufficient reason to exclude bioenergy from the list of worthwhile technologies for climate change mitigation. Policy measures to minimize the negative impacts of LUC should be based on a holistic perspective recognizing the multiple drivers and effects of LUC.This article is categorized under: Bioenergy > Economics and Policy Bioenergy > Climate and Environment

    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Research Papers in E...arrow_drop_down
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    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Wiley Interdisciplinary Reviews Energy and Environment
    Article . 2012 . Peer-reviewed
    License: Wiley Online Library User Agreement
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      Wiley Interdisciplinary Reviews Energy and Environment
      Article . 2012 . Peer-reviewed
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    Authors: Ren, S; Luo, F; Lin, L; Hsu, SC; +1 Authors

    Abstract With promising benefits such as traffic emission reduction, traffic congestion alleviation, and parking problem solving, Electric Vehicle (EV)-sharing systems have attracted large attentions in recent years. Different from other business modes, customers in sharing economy systems are usually price sensitive. Therefore, it is possible to shift the usage of shared EVs through a well-designed Dynamic Pricing Scheme (DPS), with the objective of maximizing the system operator's total profit. In this study, we propose a novel DPS for a large-scale EV-sharing network to address the EV unbalancing issue and satisfy the vehicle-grid-integration (VGI) service based on accurate station-level demand prediction. The proposed DPS is formulated as a complex optimization problem, which includes two Price Adjustment Level (PAL) decision variables for every origin-destination pair of stations. The two PALs are employed to affect the EV-sharing demand and travel time between each station pair, respectively. Physical and operational constraints from both EV demand and VGI service aspects are also included in the proposed model. Two case study are conducted to validate the effectiveness of the proposed method.

    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Hong Kong Polytechni...arrow_drop_down
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    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    International Journal of Production Economics
    Article . 2019 . Peer-reviewed
    License: Elsevier TDM
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      image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Hong Kong Polytechni...arrow_drop_down
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      International Journal of Production Economics
      Article . 2019 . Peer-reviewed
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    Authors: Kuster, Thomas M.; Dobbertin, Matthias; Günthardt-Goerg, Madeleine S.; Schaub, Marcus; +1 Authors

    Climate change is expected to increase temperature and decrease summer precipitation in Central Europe. Little is known about how warming and drought will affect phenological patterns of oaks, which are considered to possess excellent adaptability to these climatic changes. Here, we investigated bud burst and intra-annual shoot growth of Quercus robur, Q. petraea and Q. pubescens grown on two different forest soils and exposed to air warming and drought. Phenological development was assessed over the course of three growing seasons. Warming advanced bud burst by 1–3 days °C−1 and led to an earlier start of intra-annual shoot growth. Despite this phenological shift, total time span of annual growth and shoot biomass were not affected. Drought changed the frequency and intensity of intra-annual shoot growth and advanced bud burst in the subsequent spring of a severe summer drought by 1–2 days. After re-wetting, shoot growth recovered within a few days, demonstrating the superior drought tolerance of this tree genus. Our findings show that phenological patterns of oaks are modified by warming and drought but also suggest that ontogenetic factors and/or limitations of water and nutrients counteract warming effects on the biomass and the entire span of annual shoot growth. PLoS ONE, 9 (2) ISSN:1932-6203

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    PLoS ONE
    Article . 2014 . Peer-reviewed
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    PLoS ONE
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    Research Collection
    Article . 2014
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    Article . 2015
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    PubMed Central
    Other literature type . 2014
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    Article . 2014
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    Authors: Rasheed, H.; Gruber, R.; Keller, V.; Ziegler, W.; +3 Authors

    We present the architecture and design of the IANOS scheduling framework. The goal of the new Grid scheduling system is to provide a general job submission framework allowing optimal positioning and scheduling of HPCN applications. The scheduling algorithms used to calculate best-suited resources are based on an objective cost function that exploits information on the parameterization of applications and resources. This standard-based, interoperable scheduling framework comprises four general web services and three modules. The middleware is complemented with one client and one admin console. The implementation is based on proposed Grid and Web services standards (WSRF, WS-Agreement, JSDL, and GLUE). It is agnostic to a specific Grid middleware. The beta version of IANOS has been tested and integrated with UNICORE. The validation of IANOS is in progress by running different types of HPCN applications on a large-scale Grid testbed.

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    https://doi.org/10.1007/978-0-...
    Part of book or chapter of book . 2008 . Peer-reviewed
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    Authors: Pel, Bonno; Vadovics, Edina; Schmid, Benjamin; Markantoni, Marianna; +6 Authors

    This deliverable includes the methodology in EnergyPROSPECTS for an in-depth study of energy citizenship. It features the criteria used for selecting the cases for indepth study, the list of cases selected for in-depth study as well as key research foci and empirical research questions.

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    We present the first calculations to follow the evolution of all stable isotopes (and their abundant radioactive progenitors) in a finely zoned stellar model computed from the onset of central hydrogen burning through explosion as a Type II supernova. The calculations were performed for a 15 solar mass Pop I star using the most recently available set of experimental and theoretical nuclear data, revised opacity tables, and taking into account mass loss due to stellar winds. We find the approximately solar production of proton-rich isotopes above a mass number of A=120 due to the gamma-process. We also find a weak s-process, which along with the gamma-process and explosive helium and carbon burning, produces nearly solar abundances of almost all nuclei from A=60 to 85. A few modifications of the abundances of heavy nuclei above mass 90 by the s-process are also noted and discussed. New weak rates lead to significant alteration of the properties of the presupernova core. 10 pages, 4 figures, Nuclear Astrophysics X Workshop proceedings

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    https://dx.doi.org/10.48550/ar...
    Article . 2000
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      https://dx.doi.org/10.48550/ar...
      Article . 2000
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    Authors: Margaret Byrne; Erik J. Veneklaas; Cristina E. Ramalho; Eleftheria Dalmaris; +1 Authors

    A worldwide increase in tree decline and mortality has been linked to climate change and, where these represent foundation species, this can have important implications for ecosystem functions. This study tests a combined approach of phylogeographic analysis and species distribution modelling to provide a climate change context for an observed decline in crown health and an increase in mortality in Eucalyptus wandoo, an endemic tree of south-western Australia.Phylogeographic analyses were undertaken using restriction fragment length polymorphism analysis of chloroplast DNA in 26 populations across the species distribution. Parsimony analysis of haplotype relationships was conducted, a haplotype network was prepared, and haplotype and nucleotide diversity were calculated. Species distribution modelling was undertaken using Maxent models based on extant species occurrences and projected to climate models of the last glacial maximum (LGM).A structured pattern of diversity was identified, with the presence of two groups that followed a climatic gradient from mesic to semi-arid regions. Most populations were represented by a single haplotype, but many haplotypes were shared among populations, with some having widespread distributions. A putative refugial area with high haplotype diversity was identified at the centre of the species distribution. Species distribution modelling showed high climatic suitability at the LGM and high climatic stability in the central region where higher genetic diversity was found, and low suitability elsewhere, consistent with a pattern of range contraction.Combination of phylogeography and paleo-distribution modelling can provide an evolutionary context for climate-driven tree decline, as both can be used to cross-validate evidence for refugia and contraction under harsh climatic conditions. This approach identified a central refugial area in the test species E. wandoo, with more recent expansion into peripheral areas from where it had contracted at the LGM. This signature of contraction from lower rainfall areas is consistent with current observations of decline on the semi-arid margin of the range, and indicates low capacity to tolerate forecast climatic change. Identification of a paleo-historical context for current tree decline enables conservation interventions to focus on maintaining genetic diversity, which provides the evolutionary potential for adaptation to climate change.

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    Annals of Botany
    Article
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    Article . 2015 . Peer-reviewed
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    Annals of Botany
    Article . 2016
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      Annals of Botany
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    Authors: Tisdell, Clement A.; Tisdell, Clement A.;

    Points out that sustainability as such does not provide a clearcut guide to policy. First one has to decide what is to be sustained. If this is agreed, it must be in an operational from. However, difficulties may still emerge since opinions may differ about how to achieve. This is illustrated by differences in the views of economists about how sustainable development is to be achieved. Orthodox economists stress the importance of the accumulation of man-made capital to achieve this end whereas neo-Malthusians stress the importance of conserving natural resource and environmental capital. Both take an anthropocentric point of view. For political reasons the neo-Malthusian has had little support but it may eventually turn out to be correct. Economics is concerned with reducing economic scarcity and economists have traditionally suggested four main ways of doing this of which economic growth is one. However, neo-Malthusian economists believe that this may not be a sustainable strategy – it may result in future poverty. It should be noted that economic systems are embedded in social and natural systems and depend on these. Economic sustainability depends on the sustainability of these other systems. So from this point of view, it is just one of several bottom lines. Values must be considered in relation to sustainability. Economics is completely anthropocentric in its approach. Therefore, economic approaches to conservation and sustainability can be at odds with the values of deep ecologists or those willing to accord rights to other sentient beings or ecosystems independent of human wishes, or those who want to make use of value judgments other than those based on the measuring rod of money. Consequently economics evaluation is sometimes ineffective in resolving social conflict, including conflict about what should be sustained. As a rule economics alone should not be the final arbiter of social decisions. It is a part (often an important part) of the social evaluation process but not the bottom line, or just one of many lines.

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    https://dx.doi.org/10.22004/ag...
    Other literature type . 2000
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      https://dx.doi.org/10.22004/ag...
      Other literature type . 2000
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  • image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao

    This paper examines the hypothesis that there is a single economic market for the international steam coal industry and investigates the degree of steam coal market integration over time. A regression test of convergence is employed to test for group convergence within a panel of steam coal exporting countries. The long-run relations between international steam coal prices are tested through cointegration analysis and the Kalman Filter analysis is employed to examine the convergence path of the price series. Monthly Free on Board (F.O.B.) prices for Australia, China, Colombia, Indonesia, Poland and South Africa between January 1995 and July 2007 are used. Considering the outcomes of the three econometric techniques as a whole, we conclude that the international steam coal market is generally integrated.

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  • Authors: Shu Fan; Rob J. Hyndman;

    Short-term load forecasting is an essential instrument in power system planning, operation and control. Many operating decisions are based on load forecasts, such as dispatch scheduling of generating capacity, reliability analysis, and maintenance planning for the generators. Overestimation of electricity demand will cause a conservative operation, which leads to the start-up of too many units or excessive energy purchase, thereby supplying an unnecessary level of reserve. On the contrary, underestimation may result in a risky operation, with insufficient preparation of spinning reserve, causing the system to operate in a vulnerable region to the disturbance. In this paper, semi-parametric additive models are proposed to estimate the relationships between demand and the driver variables. Specifically, the inputs for these models are calendar variables, lagged actual demand observations and historical and forecast temperature traces for one or more sites in the target power system. In addition to point forecasts, prediction intervals are also estimated using a modified bootstrap method suitable for the complex seasonality seen in electricity demand data. The proposed methodology has been used to forecast the half-hourly electricity demand for up to seven days ahead for power systems in the Australian National Electricity Market. The performance of the methodology is validated via out-of-sample experiments with real data from the power system, as well as through on-site implementation by the system operator.

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    Authors: Göran Berndes; Serina Ahlgren; Pål Börjesson; Annette L. Cowie;

    AbstractBioenergy projects can lead to direct and indirect land use change (LUC), which can substantially affect greenhouse gas balances with both beneficial and adverse outcomes for bioenergy's contribution to climate change mitigation. The causes behind LUC are multiple, complex, interlinked, and change over time. This makes quantification uncertain and sensitive to many factors that can develop in different directions—including land use productivity, trade patterns, prices and elasticities, and use of by‐products associated with biofuels production. Quantifications reported so far vary substantially and do not support the ranking of bioenergy options with regard to LUC and associated emissions. There are however several options for mitigating these emissions, which can be implemented despite the uncertainties. Long‐rotation forest management is associated with carbon emissions and sequestration that are not in temporal balance with each other and this leads to mitigation trade‐offs between biomass extraction for energy use and the alternative to leave the biomass in the forest. Bioenergy's contribution to climate change mitigation needs to reflect a balance between near‐term targets and the long‐term objective to hold the increase in global temperature below 2°C (Copenhagen Accord). Although emissions from LUC can be significant in some circumstances, the reality of such emissions is not sufficient reason to exclude bioenergy from the list of worthwhile technologies for climate change mitigation. Policy measures to minimize the negative impacts of LUC should be based on a holistic perspective recognizing the multiple drivers and effects of LUC.This article is categorized under: Bioenergy > Economics and Policy Bioenergy > Climate and Environment

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    Wiley Interdisciplinary Reviews Energy and Environment
    Article . 2012 . Peer-reviewed
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      Wiley Interdisciplinary Reviews Energy and Environment
      Article . 2012 . Peer-reviewed
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    Authors: Ren, S; Luo, F; Lin, L; Hsu, SC; +1 Authors

    Abstract With promising benefits such as traffic emission reduction, traffic congestion alleviation, and parking problem solving, Electric Vehicle (EV)-sharing systems have attracted large attentions in recent years. Different from other business modes, customers in sharing economy systems are usually price sensitive. Therefore, it is possible to shift the usage of shared EVs through a well-designed Dynamic Pricing Scheme (DPS), with the objective of maximizing the system operator's total profit. In this study, we propose a novel DPS for a large-scale EV-sharing network to address the EV unbalancing issue and satisfy the vehicle-grid-integration (VGI) service based on accurate station-level demand prediction. The proposed DPS is formulated as a complex optimization problem, which includes two Price Adjustment Level (PAL) decision variables for every origin-destination pair of stations. The two PALs are employed to affect the EV-sharing demand and travel time between each station pair, respectively. Physical and operational constraints from both EV demand and VGI service aspects are also included in the proposed model. Two case study are conducted to validate the effectiveness of the proposed method.

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    International Journal of Production Economics
    Article . 2019 . Peer-reviewed
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      International Journal of Production Economics
      Article . 2019 . Peer-reviewed
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    Authors: Kuster, Thomas M.; Dobbertin, Matthias; Günthardt-Goerg, Madeleine S.; Schaub, Marcus; +1 Authors

    Climate change is expected to increase temperature and decrease summer precipitation in Central Europe. Little is known about how warming and drought will affect phenological patterns of oaks, which are considered to possess excellent adaptability to these climatic changes. Here, we investigated bud burst and intra-annual shoot growth of Quercus robur, Q. petraea and Q. pubescens grown on two different forest soils and exposed to air warming and drought. Phenological development was assessed over the course of three growing seasons. Warming advanced bud burst by 1–3 days °C−1 and led to an earlier start of intra-annual shoot growth. Despite this phenological shift, total time span of annual growth and shoot biomass were not affected. Drought changed the frequency and intensity of intra-annual shoot growth and advanced bud burst in the subsequent spring of a severe summer drought by 1–2 days. After re-wetting, shoot growth recovered within a few days, demonstrating the superior drought tolerance of this tree genus. Our findings show that phenological patterns of oaks are modified by warming and drought but also suggest that ontogenetic factors and/or limitations of water and nutrients counteract warming effects on the biomass and the entire span of annual shoot growth. PLoS ONE, 9 (2) ISSN:1932-6203

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    PLoS ONE
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    Authors: Rasheed, H.; Gruber, R.; Keller, V.; Ziegler, W.; +3 Authors

    We present the architecture and design of the IANOS scheduling framework. The goal of the new Grid scheduling system is to provide a general job submission framework allowing optimal positioning and scheduling of HPCN applications. The scheduling algorithms used to calculate best-suited resources are based on an objective cost function that exploits information on the parameterization of applications and resources. This standard-based, interoperable scheduling framework comprises four general web services and three modules. The middleware is complemented with one client and one admin console. The implementation is based on proposed Grid and Web services standards (WSRF, WS-Agreement, JSDL, and GLUE). It is agnostic to a specific Grid middleware. The beta version of IANOS has been tested and integrated with UNICORE. The validation of IANOS is in progress by running different types of HPCN applications on a large-scale Grid testbed.

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    https://doi.org/10.1007/978-0-...
    Part of book or chapter of book . 2008 . Peer-reviewed
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    https://dx.doi.org/10.24406/pu...
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    Authors: Pel, Bonno; Vadovics, Edina; Schmid, Benjamin; Markantoni, Marianna; +6 Authors

    This deliverable includes the methodology in EnergyPROSPECTS for an in-depth study of energy citizenship. It features the criteria used for selecting the cases for indepth study, the list of cases selected for in-depth study as well as key research foci and empirical research questions.

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    We present the first calculations to follow the evolution of all stable isotopes (and their abundant radioactive progenitors) in a finely zoned stellar model computed from the onset of central hydrogen burning through explosion as a Type II supernova. The calculations were performed for a 15 solar mass Pop I star using the most recently available set of experimental and theoretical nuclear data, revised opacity tables, and taking into account mass loss due to stellar winds. We find the approximately solar production of proton-rich isotopes above a mass number of A=120 due to the gamma-process. We also find a weak s-process, which along with the gamma-process and explosive helium and carbon burning, produces nearly solar abundances of almost all nuclei from A=60 to 85. A few modifications of the abundances of heavy nuclei above mass 90 by the s-process are also noted and discussed. New weak rates lead to significant alteration of the properties of the presupernova core. 10 pages, 4 figures, Nuclear Astrophysics X Workshop proceedings

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    https://dx.doi.org/10.48550/ar...
    Article . 2000
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      https://dx.doi.org/10.48550/ar...
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    Authors: Margaret Byrne; Erik J. Veneklaas; Cristina E. Ramalho; Eleftheria Dalmaris; +1 Authors

    A worldwide increase in tree decline and mortality has been linked to climate change and, where these represent foundation species, this can have important implications for ecosystem functions. This study tests a combined approach of phylogeographic analysis and species distribution modelling to provide a climate change context for an observed decline in crown health and an increase in mortality in Eucalyptus wandoo, an endemic tree of south-western Australia.Phylogeographic analyses were undertaken using restriction fragment length polymorphism analysis of chloroplast DNA in 26 populations across the species distribution. Parsimony analysis of haplotype relationships was conducted, a haplotype network was prepared, and haplotype and nucleotide diversity were calculated. Species distribution modelling was undertaken using Maxent models based on extant species occurrences and projected to climate models of the last glacial maximum (LGM).A structured pattern of diversity was identified, with the presence of two groups that followed a climatic gradient from mesic to semi-arid regions. Most populations were represented by a single haplotype, but many haplotypes were shared among populations, with some having widespread distributions. A putative refugial area with high haplotype diversity was identified at the centre of the species distribution. Species distribution modelling showed high climatic suitability at the LGM and high climatic stability in the central region where higher genetic diversity was found, and low suitability elsewhere, consistent with a pattern of range contraction.Combination of phylogeography and paleo-distribution modelling can provide an evolutionary context for climate-driven tree decline, as both can be used to cross-validate evidence for refugia and contraction under harsh climatic conditions. This approach identified a central refugial area in the test species E. wandoo, with more recent expansion into peripheral areas from where it had contracted at the LGM. This signature of contraction from lower rainfall areas is consistent with current observations of decline on the semi-arid margin of the range, and indicates low capacity to tolerate forecast climatic change. Identification of a paleo-historical context for current tree decline enables conservation interventions to focus on maintaining genetic diversity, which provides the evolutionary potential for adaptation to climate change.

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    Annals of Botany
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    Authors: Tisdell, Clement A.; Tisdell, Clement A.;

    Points out that sustainability as such does not provide a clearcut guide to policy. First one has to decide what is to be sustained. If this is agreed, it must be in an operational from. However, difficulties may still emerge since opinions may differ about how to achieve. This is illustrated by differences in the views of economists about how sustainable development is to be achieved. Orthodox economists stress the importance of the accumulation of man-made capital to achieve this end whereas neo-Malthusians stress the importance of conserving natural resource and environmental capital. Both take an anthropocentric point of view. For political reasons the neo-Malthusian has had little support but it may eventually turn out to be correct. Economics is concerned with reducing economic scarcity and economists have traditionally suggested four main ways of doing this of which economic growth is one. However, neo-Malthusian economists believe that this may not be a sustainable strategy – it may result in future poverty. It should be noted that economic systems are embedded in social and natural systems and depend on these. Economic sustainability depends on the sustainability of these other systems. So from this point of view, it is just one of several bottom lines. Values must be considered in relation to sustainability. Economics is completely anthropocentric in its approach. Therefore, economic approaches to conservation and sustainability can be at odds with the values of deep ecologists or those willing to accord rights to other sentient beings or ecosystems independent of human wishes, or those who want to make use of value judgments other than those based on the measuring rod of money. Consequently economics evaluation is sometimes ineffective in resolving social conflict, including conflict about what should be sustained. As a rule economics alone should not be the final arbiter of social decisions. It is a part (often an important part) of the social evaluation process but not the bottom line, or just one of many lines.

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    https://dx.doi.org/10.22004/ag...
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      image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Research Papers in E...arrow_drop_down
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      https://dx.doi.org/10.22004/ag...
      Other literature type . 2000
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  • image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao

    This paper examines the hypothesis that there is a single economic market for the international steam coal industry and investigates the degree of steam coal market integration over time. A regression test of convergence is employed to test for group convergence within a panel of steam coal exporting countries. The long-run relations between international steam coal prices are tested through cointegration analysis and the Kalman Filter analysis is employed to examine the convergence path of the price series. Monthly Free on Board (F.O.B.) prices for Australia, China, Colombia, Indonesia, Poland and South Africa between January 1995 and July 2007 are used. Considering the outcomes of the three econometric techniques as a whole, we conclude that the international steam coal market is generally integrated.

    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao The Energy Journalarrow_drop_down
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
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      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao The Energy Journalarrow_drop_down
      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
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