We provide the first high-frequency investigation of price discovery within the physical and financial layers of Europe's natural gas markets. Testing not only looks at short-term return dynamics, but also considers each security's contribution to price equilibrium in the longer-term. Results...

Hong Kong has almost perfect electricity reliability, the result of substantial investments ultimately financed by electricity consumers who may be willing to accept lower reliability in exchange for lower bills. But consumers with high outage costs are likely to reject the reliability...

Japan׳s Fukushima nuclear disaster, triggered by the March 11, 2011 earthquake, has led to calls for shutting down existing nuclear plants. To maintain resource adequacy for a grid׳s reliable operation, one option is to expand conventional generation, whose marginal unit is typically fueled by...

Energy-related carbon emissions in China have increased significantly. To mitigate these emissions, it is necessary to estimate the trends (increase or decrease) and the magnitudes of the influences (tons of carbon emitted) as a result of four causal factors that affect emissions: GDP, economic...

Energy security usually considers both the stability of energy supply and security of energy use and it is receiving increasing attention globally. Considering the strategic importance and sensitivity to international change of the crude oil supply, we decided to examine China’s energy...

Cities consume 80% of the world׳s energy; therefore, analyzing urban energy metabolism and the resulting carbon footprint provides basic data for formulating target carbon emission reductions. While energy metabolism includes both direct and indirect consumptions among sectors, few researchers...

Using a center of gravity model and GIS software, we measured how China's energy production and consumption centers changed (positions, movements, distances, and rates) from 1997 to 2009, thereby revealing regional differences in the relationship between supply and demand. We found that the...