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We employ a set of sign restrictions on the generalized impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2.2011Q2, to discriminate between supply-driven and demand-driven oil-price shocks and to study the time profile of their macroeconomic effects for different countries. The results indicate that the economic consequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic activity, and vary for oil-importing countries compared to energy exporters. While oil importers typically face a long-lived fall in economic activity in response to a supply-driven surge in oil prices, the impact is positive for energy-exporting countries that possess large proven oil/gas reserves. However, in response to an oil-demand disturbance, almost all countries in our sample experience long-run inflationary pressures and a short-run increase in real output.

This research examines the economic implications of different designs for a national low carbon fuel standard (NLCFS) for the road transportation sector. A NLCFS based on the average Carbon Intensity (CI) of all fuels sold generates an incentive for fuel suppliers to reduce the measured CI of their fuels. The economic impacts are determined by the availability of low carbon fuels, estimates of which can vary widely. Also important are the compliance path, reference level CI, and the design of the credit system, particularly the opportunities for trading and banking. To quantitatively examine the implications of a NLCFS, we created the Transportation Regulation and Credit Trading (TRACT) Model. With TRACT, we model a NLCFS credit trading system among profit maximizing fuel suppliers for light- and heavy-duty vehicle fuel use for the United States from 2012 to 2030. We find that credit trading across gasoline and diesel fuel markets can lower the average costs of carbon reductions by an insignificant amount to 98% depending on forecasts of biofuel supplies and carbon intensities. Adding banking of credits on top of trading can further lower the average cost of carbon reductions by 5%–9% and greatly reduce year-to-year fluctuations in credit prices.

Le Pakistan traverse une crise énergétique terrifiante et dévastatrice. Récemment, la prévision de la consommation d'énergie s'est intensifiée par rapport à sa capacité de production, ce qui est problématique pour la stabilité sociale et économique du Pakistan. Par conséquent, il est essentiel d'examiner le lien entre la consommation d'électricité, les prix de l'électricité, la transition urbaine, les autres utilisations d'électricité et l'expansion économique de 1970 à 2018 au Pakistan. Pour l'analyse, la technique économétrique de deuxième génération de Lee et Strazicich (2013), le nouveau Augmented Autoregressive Distributed Lag (AARDL) et Frequency Domain Causality (FDC) est utile pour détecter l'association à moyen et à court terme entre les variables. Les résultats montrent que la consommation d'électricité stimule l'expansion économique à court et à long terme, bien que la hausse des prix de l'électricité diminue l'activité économique à court et à long terme. En outre, la transition urbaine et d'autres utilisations de l'électricité ont un impact positif et négatif substantiel sur l'expansion économique à court et à long terme. Le résultat suggère qu'un approvisionnement énergétique efficace, des prix de l'énergie à faible coût, une bonne gestion de la transition urbaine et d'autres utilisations de l'énergie pourraient être utiles aux décideurs pour atteindre les ODD 7 et 11 au Pakistan. Pakistán se encuentra en una crisis energética aterradora y devastadora. Recientemente, la predicción del consumo de energía se ha intensificado en comparación con su capacidad de producción, lo que es problemático para la estabilidad social y económica de Pakistán. Por lo tanto, es vital examinar el vínculo entre el consumo de energía, los precios de la energía, la transición urbana, otros usos de la electricidad y la expansión económica de 1970 a 2018 en Pakistán. Para el análisis, la técnica econométrica de segunda generación de Lee y Strazicich (2013), el novedoso Retraso Distribuido Autoregresivo Aumentado (AARDL) y la Causalidad en el Dominio de la Frecuencia (FDC) son útiles para detectar la asociación a largo y corto plazo entre las variables. Los resultados muestran que el consumo de energía estimula la expansión económica a corto y largo plazo, aunque el aumento de los precios de la energía disminuye la actividad económica a corto y largo plazo. Además, la transición urbana y otros usos de la electricidad tienen un impacto positivo y negativo sustancial en la expansión económica a corto y largo plazo. El resultado sugiere que el suministro eficiente de energía, los precios de la energía de bajo coste, la gestión adecuada de la transición urbana y otros usos de la energía podrían ser útiles para que los responsables políticos alcancen los ODS 7 y 11 en Pakistán. Pakistan is in a terrifying and devastating energy crisis. Recently, the prediction for energy consumption has intensified compared to its production capacity, which is problematic for Pakistan's social and economic stability. Hence, it is vital to examine the link between power consumption, power prices, urban transition, other electricity use, and economic expansion from 1970 to 2018 in Pakistan. For analysis, the second-generation econometric technique of Lee and Strazicich (2013), novel Augmented Autoregressive Distributed Lag (AARDL), and Frequency Domain Causality (FDC) is useful to detect the long-medium and short-run association among the variables. The results show that power consumption stimulates economic expansion in the short and long-run, though the rise in power prices declines economic activity in the short and long-run. Also, urban transition and other electricity use are a substantial positive and negative impact on economic expansion in the short and long-run. The outcome suggests that efficient energy supply, low-cost power prices, proper urban transition management, and other energy use could be useful for policymakers to achieve SDGs 7 and 11 in Pakistan. باكستان في أزمة طاقة مرعبة ومدمرة. في الآونة الأخيرة، تكثف التنبؤ باستهلاك الطاقة مقارنة بقدرته الإنتاجية، مما يمثل مشكلة للاستقرار الاجتماعي والاقتصادي لباكستان. وبالتالي، من الضروري دراسة الصلة بين استهلاك الطاقة وأسعار الطاقة والتحول الحضري واستخدام الكهرباء الأخرى والتوسع الاقتصادي من 1970 إلى 2018 في باكستان. للتحليل، فإن تقنية الاقتصاد القياسي من الجيل الثاني من Lee and Strazicich (2013)، والتأخر الموزع الانحداري الذاتي المعزز (AARDL)، وسببية مجال التردد (FDC) مفيدة للكشف عن الارتباط طويل المدى وقصير المدى بين المتغيرات. تظهر النتائج أن استهلاك الطاقة يحفز التوسع الاقتصادي على المدى القصير والطويل، على الرغم من أن ارتفاع أسعار الطاقة يؤدي إلى انخفاض النشاط الاقتصادي على المدى القصير والطويل. كما أن التحول الحضري والاستخدامات الأخرى للكهرباء لها تأثير إيجابي وسلبي كبير على التوسع الاقتصادي على المدى القصير والطويل. تشير النتيجة إلى أن إمدادات الطاقة الفعالة، وأسعار الطاقة منخفضة التكلفة، وإدارة الانتقال الحضري المناسبة، وغيرها من استخدامات الطاقة يمكن أن تكون مفيدة لصانعي السياسات لتحقيق هدفي التنمية المستدامة 7 و 11 في باكستان.

Since the turn of the century, there has been a growth in the use of e-business by both large and small companies worldwide, a trend that has been given further impetus by the move to online trading in the COVID-19 pandemic era. For small companies, there are the potential benefits of increased efficiencies and market share gain, associated with the re-engineering of selling and marketing processes; but in developing countries, such as Nigeria, research into how small businesses are using e-business systems and technologies is limited. This article builds upon earlier case study research in the Nigerian small business sector to develop a framework for e-business strategy development, implementation and review. Using an inductive approach, data was collected from six small businesses, using interviews and questionnaires, to profile the e-business operations of these companies. This study found that e-business strategy was generally lacking in these companies, but interview material was used to support the development and validation of the strategy framework, which provides a process and a checklist for small businesses pursuing e-business initiatives in developing world environments.

AbstractSolar-aided upgrade of the energy content of fossil fuels, such as natural gas, can provide a near-term transition path towards a future solar-fuel economy and reduce carbon dioxide emission from fossil fuel consumption. Both steam and dry reforming a methane-containing fuel stream have been studied with concentrated solar power as the energy input to drive the highly endothermic reactions but the concept has not been demonstrated at a commercial scale. Under a current project with the U.S. Department of Energy, PNNL is developing an integrated solar thermochemical reaction system that combines solar concentrators with micro- and meso-channel reactors and heat exchangers to accomplish more than 20% solar augment of methane higher heating value. The objective of our three-year project is to develop and prepare for commercialization such solar reforming system with a high enough efficiency to serve as the frontend of a conventional natural gas (or biogas) combined cycle power plant, producing power with a levelized cost of electricity less than 6¢/kWh, without subsidies, by the year 2020. In this paper, we present results from the first year of our project that demonstrated a solar-to-chemical energy conversion efficiency as high as 69% with a prototype reaction system.

Abstract Novel tariff structures have been introduced by power utilities over the past two decades in order to induce load shifts to achieve the aims of load management strategies. As a result of the availability of reliable communications between suppliers and consumers, new ‘smart’ metering equipment and the re-organization of the UK power supply industry, the potential for dynamic- or spot-price based tariffs has been recognized. In order to ensure the successful introduction of such a pricing scheme, it is important to make use of accurate consumer process models as well as spot-price behavioural models to provide the means by which a consumer would optimize his production schedules in the light of rapidly changing tariffs. This paper builds up consumer models from fundamental process characteristics and applies optimizing techniques incorporating spot-price models in order to develop algorithms which would minimize production costs and contribute towards the philosophy of joint supplier/consumer optimality through spot-pricing.

SummaryStudies investigated the patient‐care (in‐hospital) and outside‐the‐hospital energy consumptions for delivering the hemodialysis (HD) service. A life cycle inventory methodology was used for this patient‐based analysis for two hospitals located in Wichita, Kansas. It was found that, for both hospitals, the actual HD machines consumed approximately 3.5 kilowatt‐hours (kWh) of electrical energy per HD, only 8% to 16% of the total energy used for delivering the HD service (in hospital). This increases to 9.6 to 28.9 kWh of hospital billable energy for the whole system of HD machine, auxiliaries, and dialysis water treatment. Converting these hospital direct electrical energy values to natural resource energy (nre) then adding the cradle‐to‐gate natural resource energy for the manufacturing and supply chain of all the HD consumables, the total is 78 to 149 kWh nre/HD. The nre measures all the direct fuel burned to generate energy and is thus directly related to emissions to the air, water, and land and is a direct secondary impact on public health from HD. The ratio of outside‐the‐hospital energy to direct hospital HD electrical energy consumption is 4:1 to 7:1, so a broader base exists for improvement than just the hospital.