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Abstract: This paper establishes a carbon capture and storage (CCS) investment evaluation model based on real options theory considering uncertainties from the existing thermal power generating cost, carbon price, thermal power with CCS generating cost, and investment in CCS technology deployment. The model aims to evaluate the value of the cost saving effect and amount of CO2 emission reduction through investing in newly-built thermal power with CCS technology to replace existing thermal power in a given period from the perspective of power generation enterprises. The model is solved by the Least Squares Monte Carlo (LSM) method. Since the model could be used as a policy analysis tool, China is taken as a case study to evaluate the effects of regulations on CCS investment through scenario analysis. The findings show that the current investment risk of CCS is high, climate policy having the greatest impact on CCS development. Thus, there is an important trade off for policy makers between reducing greenhouse gas emissions and protecting the interests of power generation enterprises. The research presented would be useful for CCS technology evaluation and related policy-making. [Copyright &y& Elsevier]

Abstract: To improve the energy efficiency of buildings via compliance to regulation in Iran, Code No. 19 was devised in 1991. The code lacks high level aims and objectives, addressing the characteristics of Iranian buildings. As a consequence, the code has been revised and is not completely implemented in practice, and still remains inefficient. As with any energy coding system, this code has to identify the right balance between the different energy variables for the Iranian climate and way of life. In order to assist improvements to high level objectives of Code 19, this code is compared with ISO 9164, EN 832, German regulation, TS 825 of Turkey and China’s GB 50189 to understand how these have adapted international standards to national features. In order to test the appropriateness of Code 19, five case study buildings in Iran are assessed against Code 19 as well as Turkish standard TS 825 and the results are compared. The results demonstrate that Code 19 is efficient in calculations of building envelope, but it needs improvements in the areas of ventilation, gains from internal and solar sources. The paper concludes by offering suggestions for improving the code. [Copyright &y& Elsevier]

Abstract: This paper summarizes the research of Monte Carlo simulation-based Economic, Energy and Environmental (3E) Life Cycle Assessment (LCA) of the three Biomass-based Fuel Ethanol (BFE) projects in China. Our research includes both theoretical study and case study. In the theoretical study part, 3E LCA models are structured, 3E Index Functions are defined and the Monte Carlo simulation is introduced to address uncertainties in BFE life cycle analysis. In the case study part, projects of Wheat-based Fuel Ethanol (WFE) in Central China, Corn-based Fuel Ethanol (CFE) in Northeast China, and Cassava-based Fuel Ethanol (CFE) in Southwest China are evaluated from the aspects of economic viability and investment risks, energy efficiency and airborne emissions. The life cycle economy assessment shows that KFE project in Guangxi is viable, while CFE and WFE projects are not without government’s subsidies. Energy efficiency assessment results show that WFE, CFE and KFE projects all have positive Net Energy Values. Emissions results show that the corn-based E10 (a blend of 10% gasoline and 90% ethanol by volume), wheat-based E10 and cassava-base E10 have less CO2 and VOC life cycle emissions than conventional gasoline, but wheat-based E10 and cassava-based E10 can generate more emissions of CO, CH4, N2O, NO x , SO2, PM10 and corn-based E10 can has more emissions of CH4, N2O, NO x , SO, PM10. [Copyright &y& Elsevier]