Electric power systems with substantial wind capacity require additional flexibility to react to rapid changes in wind farm output and mismatches in the timing of generation and demand. Controlled variable-rate charging of plug-in electric vehicles allows demand to be rapidly modulated,...

Replacing current generation with wind energy would help reduce the emissions associated with fossil fuel electricity generation. However, integrating wind into the electricity grid is not without cost. Wind power output is highly variable and average capacity factors from wind farms are often...

Using coal to produce transportation fuels could improve the energy security of the United States by replacing some of the demand for imported petroleum. Because of concerns regarding climate change and the high greenhouse gas (GHG) emissions associated with conventional coal use, policies to...

Malaysia's transportation sector accounts for 41% of the country's total energy use. The country is expected to become a net oil importer by the year 2011. To encourage renewable energy development and relieve the country's emerging oil dependence, in 2006 the government mandated blending 5%...

Focussing on the economics of terrorism in the post 9/11 world, this book brings together original research based on the collaborative efforts of leading economists and planners. The authoritative and expert contributors use a variety of methodological approaches and apply them to different...

Enhanced (or engineered) geothermal systems (EGS) for generating electricity may provide significant reductions in greenhouse gas emissions, if they can be successfully sited. One potential threat to that siting is induced seismicity, which has led to EGS projects being stopped in Switzerland...

This landmark book covers a range of issues concerning the consequences of terrorist attacks. Beginning with a discussion of new policies and strategies, it then delves into specific areas of concern, modeling a range of possible scenarios and ways to mitigate or pre-empt damages.

We develop a metric to quantify the sub-hourly variability cost of individual wind plants and show its use in valuing reductions in wind power variability. Our method partitions wind energy into hourly and sub-hourly components and uses corresponding market prices to determine variability costs....

We examine the risks and management of natural disasters. A benefit-cost framework focuses attention on (1) designing control structures, such as dams and levees, and mitigation policies, such as construction standards, to protect lives and property against small and medium, rather than large...