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Habitat valuation methods are most often developed and used to prioritize candidate lands for conservation. In this study the intent of habitat valuation was to inform was to inform the decision-making process for remediation of chemical contaminants on specific lands or surface water bodies. Methods were developed to summarize dimensions of habitat value for six representative aquatic and terrestrial contaminated sites at the East Tennessee Technology Park (ETTP) on the US Department of Energy Oak Ridge Reservation in Oak Ridge, TN, USA. Several general valuation metrics were developed for three broad categories; site use by groups of organisms, site rarity, and use value added from spatial context. Examples of...
The energy consumption and fossil CO2 emissions from the Canadian vegetable greenhouse industry were assessed using greenhouse statistics from 2002 to 2007. The fossil CO2 emissions were compared to the fossil CO2 emitted during transport of an equal weight of food by truck and by airplane from two horticultural production centers in the southern USA to four locations in Canada. The calculations in this paper for Canadian greenhouse energy use for heating were verified against farm energy use survey data collected from greenhouse operators in 1996. Allowing for extrapolations to 1996 from the 2002 to 2007 period, the survey data were underestimated by 12%. Since the survey data were not corrected for possible household...
This article identifies the combined value that solar electric power plants deliver to utilities' rate payers and society's tax payers. Benefits that are relevant to utilities and their rate payers include traditional, measures of energy and capacity. Benefits that are tangible to tax payers include environmental, fuel price mitigation, outage risk protection, and long-term economic growth components. Results for the state of New York suggest that solar electric installations deliver between 15 and 40 ¢/kWh to ratepayers and tax payers. These results provide economic justification for the existence of payment structures (often referred to as incentives) that transfer value from those who benefit from solar electric...
Categories: Publication; Types: Citation; Tags: Cost, Solar energy, Value
During the past three years, working with more than 150 organizations representing public and private stakeholders, EPRI has developed the Electricity Technology Roadmap. The Roadmap identifies several major strategic challenges that must be successfully addressed to ensure a sustainable future in which electricity continues to play an important role in economic growth. Articulation of these anticipated trends and challenges requires a detailed understanding of the role and importance of reliable electricity in different sectors of the economy. This report is intended to contribute to that understanding by analyzing key aspects of trends in the economic value of electricity reliability in the U.S. economy. We first...
Some theoretical results concerning the nature of the relationship between the scientific quality and economic value of imperfect weather forecasts are obtained. A prototype multistage decision-making model is considered, involving only two possible actions and two possible states of weather. This particular form of model is motivated by a real-world application known as the fruit-frost problem. For an infinite-horizon, discounted version of this model it is shown that economic value remains zero below a forecast quality threshold and then rises monotonically but nonlinearly above this threshold. In particular, the relative sensitivity of economic value to changes in the quality of forecasts increases as perfect...
Extraction of natural gas from hard-to-reach reservoirs has expanded around the world and poses multiple environmental threats to surface waters. Improved drilling and extraction technology used to access low permeability natural gas requires millions of liters of water and a suite of chemicals that may be toxic to aquatic biota. There is growing concern among the scientific community and the general public that rapid and extensive natural gas development in the US could lead to degradation of natural resources. Gas wells are often close to surface waters that could be impacted by elevated sediment runoff from pipelines and roads, alteration of streamflow as a result of water extraction, and contamination from introduced...
During the past three years, working with more than 150 organizations representing public and private stakeholders, EPRI has developed the Electricity Technology Roadmap. The Roadmap identifies several major strategic challenges that must be successfully addressed to ensure a sustainable future in which electricity continues to play an important role in economic growth. Articulation of these anticipated trends and challenges requires a detailed understanding of the role and importance of reliable electricity in different sectors of the economy. This report is intended to contribute to that understanding by analyzing key aspects of trends in the economic value of electricity reliability in the U.S. economy. We first...
Extraction of natural gas from hard-to-reach reservoirs has expanded around the world and poses multiple environmental threats to surface waters. Improved drilling and extraction technology used to access low permeability natural gas requires millions of liters of water and a suite of chemicals that may be toxic to aquatic biota. There is growing concern among the scientific community and the general public that rapid and extensive natural gas development in the US could lead to degradation of natural resources. Gas wells are often close to surface waters that could be impacted by elevated sediment runoff from pipelines and roads, alteration of streamflow as a result of water extraction, and contamination from introduced...
Extraction of natural gas from hard-to-reach reservoirs has expanded around the world and poses multiple environmental threats to surface waters. Improved drilling and extraction technology used to access low permeability natural gas requires millions of liters of water and a suite of chemicals that may be toxic to aquatic biota. There is growing concern among the scientific community and the general public that rapid and extensive natural gas development in the US could lead to degradation of natural resources. Gas wells are often close to surface waters that could be impacted by elevated sediment runoff from pipelines and roads, alteration of streamflow as a result of water extraction, and contamination from introduced...
Ecological and economic systems are open systems that require energy to change the thermodynamic states of materials from naturally occurring to more valued forms. These changes are accompanied by information flows and changes in the order of systems and their surroundings. In this paper, thermodynamics is used to assess these system changes and relate them to the knowledge present in a system. Particular emphasis is given to (1) the fundamental relationships among material, energy and information flows, and changes in order and knowledge, (2) the role of equilibrium and non-equilibrium thermodynamics in assessing system change, (3) the increasing role of material and energy flows through economic systems, and (4)...
This paper revisits the recent developments in biofuel markets and their economic, social and environmental impacts. Several countries have introduced mandates and targets for biofuel expansion. Production, international trade and investment have increased sharply in the last few years. However, some analysts linked biofuels to the 2007–2008 global food crisis. Existing studies diverge on the magnitude of the projected long-term impacts of biofuels on food prices and supply, with studies that model only the agricultural sector showing higher impacts and studies that model the entire economy showing relatively lower impacts. In terms of climate change mitigation, biofuels reduces GHG emissions only if GHG emissions...
Natural gas is an important energy source for power generation, a chemical feedstock and residential usage. It is important to analyse the future production of conventional and unconventional natural gas. Analysis of the literature determined conventional URR estimates of 10,700–18,300 EJ, and the unconventional gas URR estimates were determined to be 4250–11,000 EJ. Six scenarios were assumed, with three static where demand and supply do not interact and three dynamic where it does. The projections indicate that world natural gas production will peak between 2025 and 2066 at 140–217 EJ/y (133–206 tcf/y). Natural gas resources are more abundant than some of the literature indicates.
Categories: Publication; Types: Citation; Tags: Long-term, energy, security, service, value
Proppants for hydraulic fracturing are subjected to very severe conditions of stress, temperature, and chemical environment while they are expected to maintain their structural integrity for a period of many years. The performance of these proppants over time at simulated in-situ conditions has been a topic of laboratory investigation for several years, but in many cases the real conditions exceed the capabilities of the laboratory apparatus. To determine the proppant behavior under real reservoir conditions, production history and pressure buildup tests of four fractured wells have been analyzed. The reservoir conditions of these wells are so severe, that it was almost impossible to simulate them in the laboratory....
Categories: Publication; Types: Citation; Tags: Long-term, energy, security, service, value
Some theoretical results concerning the nature of the relationship between the scientific quality and economic value of imperfect weather forecasts are obtained. A prototype multistage decision-making model is considered, involving only two possible actions and two possible states of weather. This particular form of model is motivated by a real-world application known as the fruit-frost problem. For an infinite-horizon, discounted version of this model it is shown that economic value remains zero below a forecast quality threshold and then rises monotonically but nonlinearly above this threshold. In particular, the relative sensitivity of economic value to changes in the quality of forecasts increases as perfect...
During the past three years, working with more than 150 organizations representing public and private stakeholders, EPRI has developed the Electricity Technology Roadmap. The Roadmap identifies several major strategic challenges that must be successfully addressed to ensure a sustainable future in which electricity continues to play an important role in economic growth. Articulation of these anticipated trends and challenges requires a detailed understanding of the role and importance of reliable electricity in different sectors of the economy. This report is intended to contribute to that understanding by analyzing key aspects of trends in the economic value of electricity reliability in the U.S. economy. We first...
Some theoretical results concerning the nature of the relationship between the scientific quality and economic value of imperfect weather forecasts are obtained. A prototype multistage decision-making model is considered, involving only two possible actions and two possible states of weather. This particular form of model is motivated by a real-world application known as the fruit-frost problem. For an infinite-horizon, discounted version of this model it is shown that economic value remains zero below a forecast quality threshold and then rises monotonically but nonlinearly above this threshold. In particular, the relative sensitivity of economic value to changes in the quality of forecasts increases as perfect...
Some theoretical results concerning the nature of the relationship between the scientific quality and economic value of imperfect weather forecasts are obtained. A prototype multistage decision-making model is considered, involving only two possible actions and two possible states of weather. This particular form of model is motivated by a real-world application known as the fruit-frost problem. For an infinite-horizon, discounted version of this model it is shown that economic value remains zero below a forecast quality threshold and then rises monotonically but nonlinearly above this threshold. In particular, the relative sensitivity of economic value to changes in the quality of forecasts increases as perfect...
Some theoretical results concerning the nature of the relationship between the scientific quality and economic value of imperfect weather forecasts are obtained. A prototype multistage decision-making model is considered, involving only two possible actions and two possible states of weather. This particular form of model is motivated by a real-world application known as the fruit-frost problem. For an infinite-horizon, discounted version of this model it is shown that economic value remains zero below a forecast quality threshold and then rises monotonically but nonlinearly above this threshold. In particular, the relative sensitivity of economic value to changes in the quality of forecasts increases as perfect...
Ecological and economic systems are open systems that require energy to change the thermodynamic states of materials from naturally occurring to more valued forms. These changes are accompanied by information flows and changes in the order of systems and their surroundings. In this paper, thermodynamics is used to assess these system changes and relate them to the knowledge present in a system. Particular emphasis is given to (1) the fundamental relationships among material, energy and information flows, and changes in order and knowledge, (2) the role of equilibrium and non-equilibrium thermodynamics in assessing system change, (3) the increasing role of material and energy flows through economic systems, and (4)...
During the past three years, working with more than 150 organizations representing public and private stakeholders, EPRI has developed the Electricity Technology Roadmap. The Roadmap identifies several major strategic challenges that must be successfully addressed to ensure a sustainable future in which electricity continues to play an important role in economic growth. Articulation of these anticipated trends and challenges requires a detailed understanding of the role and importance of reliable electricity in different sectors of the economy. This report is intended to contribute to that understanding by analyzing key aspects of trends in the economic value of electricity reliability in the U.S. economy. We first...