To promote cooperation in international climate negotiations, negotiators should focus on a common commitment. Such commitments have the advantage of facilitating reciprocal “I will if you will” agreements in a group. Reciprocity is the basis for cooperation in repeated public goods games, and a uniform price would provide a natural focal point for a common…
All quiet on the western front? Transmission capacity development in the Nordic electricity market
Infrastructure plays an obvious and crucial role in electricity markets. Physical infrastructure must exist for the supply to meet demand in real time. In addition, it accommodates the efficient exchange of cost-efficient production across borders, and can bean important part ofsharingresourcesforreliabilitypurposes.However, in the historically successful Nordic electricity market, the cross-border transmission grid investments are lagging…
Heterogeneity of State Shale Gas Regulations
The rapid rise in shale gas production has affected the role and importance of regulatory policy at all levels of government. As the primary regulator in this area, state level regulatory changes are particularly significant. As shale gas production increases, some states are updating their regulations, while others maintain dated rules, put in place prior…
The Shale Gas Revolution:Introduction
Macroeconomic Impacts of LNG Exports from the United States
In contrast to what has been a common belief still ten years ago, the prevailing wisdom now is that U.S. natural gas demand can be met entirely with natural gas produced domestically and at relatively low prices (around $5/MMBtu). Moreover, there might even be the opportunity for the U.S. to become a net exporter of…
A Retrospective Review of Shale Gas Development in the United States: What Led to the Boom?
This paper reviews the economic, policy, and technology history of shale gas development in the United States. We aim primarily to answer the question of what led to the shale gas boom in the United States to help inform stakeholders in those countries that are attempting to develop their own shale gas resources. Our review…
Offshore grids for renewables: do we need a particular regulatory framework?
Onshore, generators are connected to the transmission grid by TSOs. This regulatory model could simply be extended to offshore (i.e. Germany), but the connection of offshore wind farms to shore is also an opportunity to test alternatives, i.e. the third party model (i.e. the UK) or the generator model (i.e. Sweden). In this paper, we…
Factors influencing shale gas production forecasting: Empirical studies of Barnett, Fayetteville, Haynesville, and Marcellus Shale plays
This paper reviews major findings and insights from a series of integrated geologic, engineering, economic, and econometric analyses performed on the four largest U.S. shale gas plays. Developments in the Barnett Shale, Fayetteville Shale, Haynesville Shale, and Marcellus Shale plays are explained on the basis of a comprehensive data set, including existing wells production histories,…
Economics and Politics of Shale Gas in Europe
In the wake of the dramatic growth in shale gas production in the United States, interest in shale gas exploration in Europe has been driven primarily by concerns over industrial competitiveness and energy security. A number of studies have been carried out to understand the success factors underpinning the US shale gas revolution and how…
The Synergies Between EU Climate and Renewable Energy Policies-Evidence from Portugal Using Integrated Modelling
In the current debate about the cost-effectiveness of the EU climate and energy policy, the coexistence of greenhouse gas (GHG) emissions reduction and renewable energy targets, as well as the EU Emissions Trading Scheme (ETS), have been subject to some criticism. In this paper we explore the interactions between EU climate and renewable energy targets…