The allocation of emission entitlements across countries is the single most controversial issue in international climate policy. Extreme positions within the policy debate range from entitlements based on current emission patterns (CEP) to equal-per-capita (EPC) allocations. Convergence (COV) from an initial CEP allocation towards EPC emission rights represents a reconciliation of the two. This...

a r t i c l e i n f o JEL classification: C1 C6 G1 Keywords: Energy stocks C-vines D-vines Dependence structure Risk measures Portfolio optimization This article models the dependence risk and resource allocation characteristics of two 20-stock coal–uranium and oil–gas sector portfolios from the Australian market in the context of the global financial crisis of 2008–2009. The modeling framework...

BACKGROUND Higher risk of exposure to environmental health hazards near oil and gas wells has spurred interest in quantifying populations that live in proximity to oil and gas development. The available studies on this topic lack consistent methodology and ignore aspects of oil and gas development of value to public health-relevant assessment and decision-making. OBJECTIVES We aim to present ...

With the recent shale gas boom, the U.S. is expected to have very large natural gas resources. In this respect, the key question is would it be better to rely completely on free market resource allocations which would lead to large exports of natural gas or to limit natural gas exports so that more could be used in the U.S.. After accounting for the cost of liquefying the natural gas and shippi...

THE PURPOSE of this paper is to bring to the attention of a larger, nonspecialized audience a possible change in policy that may have wide and costly ramifications: deregulation of natural gas prices. There is some value in making even rough "guesstimates" of the economic implications of price deregulation because of the general bias that both economists and businessmen have in favor of deregul...

regarding the recent development in lng production and transportation, lng exports would exhibit a pivotal role in the future of global gas trade. by analyzing the geographical pattern of the world lng trade and the structure of its transportation costs, the lng cost matrix for forum's exporters to main lng importers is presented. using this matrix, the cooperation amongst the forum's...