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Using the frequency-domain spillover index method, we investigate time-frequency spillovers and their underlying drivers among fossil energy, clean energy and metal markets. We find that short-term spillovers are stronger than long-term spillovers. Global clean energy markets are powerful spillover transmitters that can have strong impacts on fossil energy and metal markets. Rare earth metals are most vulnerable to spillover effects from clean energy and base metal markets, particularly in the long term. Different clean energy sources and metal markets have heterogeneous connectedness, e.g., the impact of wind energy on rare earth market is greater than that of solar energy. The short-term spillovers are mainly driven by policy changes, while the long-term spillovers are mainly affected by stock market uncertainty and economic fundamentals. Our findings have important implications for the construction of optimal diversification strategies and the design of policy incentives to promote clean energy investments across different time horizons. Keywords: Clean energy, Metals, Spillovers, Time-frequency, Spillover drivers, 1. INTRODUCTION Metals are an energy-consuming resource that require fossil energy for their extraction, production, smelting and recycling processes; therefore, fossil energy is an important input for the operation of [...]

Carbon captured Time and energy are in short supply. The recent COP26 summit stressed that we are running out of time to cut carbon emissions and avert catastrophic climate change; [...]

Heterogeneity is a theme acquiring more and more prominence in the energy economic literature from both a modelling and policy-making perspective. We show that useful empirical evidence on this subject can be obtained by applying a parsimonious multivariate cointegration analysis that makes use of the increasingly available time series data on energy demand. We find that there is substantial heterogeneity in the demand for fuels from UK firms belonging to different subsectors, with price and level of production having different degrees of importance in the fuel choice, and with evidence of both substitutability and complementarity between fuels. Moreover, we show that fuel demand for the industrial sector as a whole is considerably more elastic than most estimates presented in the literature, finding which has direct relevance for policies aimed at influencing industrial fuel consumption through fuel switching. Keywords: Fuel demand, Energy demand, Elasticities, Industrial subsectors, Industrial sector, Cointegration, Heterogeneity, 1. INTRODUCTION A considerable amount of energy is used by the industrial sector across the world, yet econometric studies of industrial energy demand are surprisingly scarce, as argued in Bernstein [...]

With increasing energy consumption from emerging economies, there will be a growing need for new fossil fuel resources and transportation routes, despite the growth in renewable in recent years. Turkey, as a fast growing economy, will likewise require more access to fossil fuel resources to meet its increasing demand for energy. Given Turkey's location, oil and gas from the Caspian region will become very important, and could also allow Turkey to become an energy transit country and energy hub for deliveries to Europe, thereby increasing its international influence., Energy has played an unprecedented role in the modernization journey of humankind. Human advancement and economic development have long been driven by decisions on the exploration, production and consumption of [...]

ABSTRACT Woody biomass waste is generated throughout California from forest management, hazardous fuel reduction, and agricultural operations. Open pile burning in the vicinity of generation is frequently the only economic [...]

Unconventional natural gas along with deepwater and subsalt offshore gas is expected to contribute heavily in the overall gas supply in the United States. The demand for gas supply is expected to increase as natural gas consumption increases.

John Felmy, chief economist at the American Petroleum Institute, states that the volatile pricing of fossil fuels depends mainly on the growing demand in countries like China and India and the need for adequate supply, and about tight global markets for crude oil due to disruption of supplies in Nigeria, Iraq and Venezuela. He believes that more government-enabled access and infrastructure are necessary for better oil and gas production.

Byline: Bruce C. Cohen, Walter C. Labys This paper evaluates the atmospheric CO2 impact of recent energy scenarios. The impact of the expected four-fold increase in energy use is compared with that reflecting a reduced fossil fuel-burning scenario. Measurement of the alternative impact is needed using an econometric modelling approach to the traditional atmospheric equilibrium model. Prescriptions are given regarding the benefits of the reduced fossil fuel demand scenario.