Since 2009, global financial crisis has eased gradually and world economy has begun to recover slowly. Meanwhile, both Brent and WTI (West Texas Intermediate) crude oil prices have entered into a new round of increase and volatility, and the abnormal price spreads between them have been...

The European Union Emissions Trading Scheme (EU ETS) is supposed to be an important mechanism for addressing climate change. Up to now, the theoretical foundation of EU ETS has been widely acknowledged, but empirical research on its current situation has only been published recently or is...

This paper empirically investigates the functions of price discovery and risk transfer in crude oil and gasoline futures markets using some econometric models. And the results indicate that, first, 95.71% and 59.41% of the price discovery function is performed by futures in crude oil and...

Based on the historical data of CFTC’s Commitments of Traders (COT) reports from 2007 to 2010, this paper empirically studies the influence of speculators’ positions on WTI crude oil futures returns. The results indicate that, first, the instantaneous feedback of speculators’ position...

A new type of open-cell metal foam-filled plate heat exchanger based thermoelectric generator system (HE-TEG) is proposed to utilize low grade waste heat. This system can realize waste heat recovery through heat exchange and thermoelectric (TE) power generation. An experimental prototype is...

This paper presented the whole year performance of a novel kind of microheat pipe array (MHPA) flat plate solar water heater. The structure and characters of the novel MHPA-FPC were presented. To quantify the performance of the novel MHPA-FPC SWH, a whole year thermal performance experiment was...