Search results for "emission reduction"
showing 6 items of 6 documents
Assessing Rollover Criteria for EUAs and CERs
2014
This study discusses how to roll over European Union Allowances (EUAs) and Certified Emissions Reduction (CERs) futures contracts with different maturities. The aim is to elucidate whether or not the choice of rollover date is important when constructing EUAs and CERs continuous futures time series. We have applied five different methodologies to link the series and our findings indicate that return distributions do not significantly differ for the different criteria. This result has direct practical implications in the field of applied econometrics of carbon markets given that we prove that the selection of the simple last-day rollover methodology criterion has no downside not only in term…
Inhibition of denitrification and N2O emission by urine-derived benzoic and hippuric acid
2006
Abstract Hippuric acid (HA) in cattle urine acts as a natural inhibitor of soil N2O emissions. As HA concentration varies with diet, we determined critical HA levels. We also tested the hypothesis that the inhibition occurs because the HA breakdown product benzoic acid (BA) inhibits denitrification rates. During a 64-day incubation, we quantified emissions from artificial urine varying in HA, BA and glycine (Gly) concentrations, added to a sandy pasture soil. Increasing HA concentration from 0.4 to 5.6 mmol kg−1 soil significantly decreased the average N2O flux by 54%. At 3.9 mmol kg−1 soil, denitrification levels were 50% reduced for BA as compared to Gly. We conclude that HA inhibits both…
Pricing intraday dynamics across EUAS and CERS markets
2011
The relative contribution of European Union Allowances (EUAs) and Certified Emission Reductions (CERs) to the price discovery of their common true value has been empirically studied using daily data with inconclusive results. In this paper, we study the short-run and long-run price dynamics between EUAs and CERs future contracts using intraday data. We report a bidirectional feedback causality relationship both in the short-run and in the long-run, with the EUA's market being the leader.
On the impact of safety requirements, energy prices and investment costs in street lighting refurbishment design
2018
Abstract Street lighting is an indispensable feature for the night landscape of cities. It is important for road safety, users visual comfort, crime prevention and to augment the perceived personal safety. Realize and maintain an adequate street lighting service is very expensive for municipalities with significant impact on their budgets. For this reason, special attention should be paid to the design of new street lighting systems and to the refurbishment of existing ones, since many of them are inadequate. In light of this it is very important to implement street lighting designs that fulfil lighting requirements avoiding energy waste and light pollution and, at the same time, result eco…
Rolling Over EUAs and CERs
2012
Whatever derivative contract has a finite life limited by their maturity. The construction of long series, however, is of interest for academic, hedging and investments purposes. In this study, we analyze the relevance of the choice of the rollover date on European Union Allowances (EUAs) and Certified Emissions Reduction (CERs) futures contracts. We have used five different methodologies to construct long series and the results show that, regardless of the criterion applied, there are not significant differences between the resultant return distribution series. Therefore, the least complex method, which is to roll on the last trading day, can be used in order to reach the same conclusions.…
Foster Carbon-Neutrality in the Built Environment: A Blockchain-Based Approach for the Energy Interaction Among Buildings
2022
Decarbonizing urban environments and reducing their energy consumption is one of modern society biggest commitments. In this regard, both the scientific community and international governments have been giving special consideration on improving the energy-environmental performance of mostly single buildings; recently the focus has been shifting towards a broader Positive Energy District (PED)/ Energy Community (EC) vision, from small clustered group of buildings to neighborhoods up until urban settlements. In this respect, integrating the use of renewable energy resources (RES) and actively involving building users can have a significant environmental impact on local areas. Within this fram…