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In this paper, we analyze the temporal dependence in energy prices and demand using daily data of Portugal and Spain over the period 2007–2017. The methodology used is based on a stochastic Hidden Markov Model and the results indicate first that all significant relationships between energy prices and demands were found to be positive; second, spot prices are only time dependent on future prices and spot energy, while future energy is solely time dependent on spot energy behavior; third, future prices are not only autocorrelated but also time-dependent with spot energy and future energy demands level; and finally, spot energy is autocorrelated and time-dependent with future prices and future energy. Policy implications of the results obtained are presented at the end of the article. [ABSTRACT FROM AUTHOR]

This study provides an in-depth assessment of the environmental performance of five public schools in the transition towards a low-carbon economy and a more sustainable model of society. Life cycle assessment (LCA) methodology is used to conduct the study. The school system includes several activities and processes clustered in three subsystems: management of the school building, training and learning activities (T&L) and mobility and transport (M&T). A detailed primary data inventory of energy and resources consumption was collected in five schools located in Spain and Portugal. Findings on climate change (CC), water depletion (WD), particular matter (PM), acidification (Ac), and human health (HH), as well as associated external cost (EC), are reported per student in one school year as reference unit, allowing the schools' individual performance comparison and identify the potential improvements. Considering the sample of schools, findings reveal that peculiarities of the schools, such as location, specialization, and level of education, are crucial for the environmental performance. Buildings are a relevant contributor to CC as well as heating and electricity needs, although their relevance is dependent on multiple factors. The M&T subsystem also has relevant weight on the metrics evaluated. Educational activities have a lower impact in absolute terms but, in some schools, it becomes the main contributor to HH due to paper and electricity consumption and manufacturing of equipment. External costs results are in the range of 11 to 38 EUR/student·year mainly caused by heating, electricity and wastes from the building subsystem, and the M&T subsystem. [ABSTRACT FROM AUTHOR]