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Hydroelectricity Project Financing Model in Nepal: Need for Discussion 尼泊尔水电项目融资模式:需要讨论
Rabindra Ghimire
Energy is a basic requirement of the development and it has played very important role in macro economy. Hydropower generation and its use in a wide range expected that Nepal can accelerate its pace of economic growth. During the 100 years history of hydro power development, we are harnessing only 1.5% of 43000 MW technically water resources and welcoming 18 hours of load shedding in dry seasons in spite of numbers of policies, rule and regulation, strategies and report have been prepared. Past two governments envisioned clear picture on hydro power - production of 10 GW to 25GW within ten years to 20 years has bring a new momentum. The ambitious plan can implement and achieve the goal if country has political stability, transparent and committed accountable mechanism and create suitable investment environment.
能源是发展的基本要求,在宏观经济中发挥着重要作用。水力发电及其在大范围内的利用有望使尼泊尔加快其经济增长的步伐。在水电开发的100年历史中,尽管制定了大量的政策、法规、战略和报告,但我们仅利用了43000兆瓦技术水资源的1.5%,并且在旱季迎来了18小时的减载。过去两届政府对水电的清晰设想——在10年至20年内实现10至25吉瓦的发电量,带来了新的动力。如果国家政治稳定,问责机制透明和承诺,并创造合适的投资环境,这一雄心勃勃的计划就可以实施和实现。
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引用次数: 1
US Shale Gas Revolution and World Gas Supply Shock 美国页岩气革命与世界天然气供应冲击
Y. Yegorov, Ismael Alexander Boudiaf
The US shale gas revolution has caused a substantial decline of US dependency on natural gas imports and has led to a significant decrease of spot prices for natural gas at Henry Hub. Given that the recent LNG development has been largely oriented towards the US market, this was the major reason for oversupply of natural gas, especially in LNG form, and caused a spot price decline for natural gas in Europe as well. The goal of this study is to address the following questions: a) when the USA will become fully independent of gas imports and will be able to export gas; b) whether shale gas technology is likely to make substantial changes in other continents.
美国页岩气革命导致美国对天然气进口的依赖大幅下降,并导致Henry Hub天然气现货价格大幅下降。鉴于最近的液化天然气开发主要面向美国市场,这是天然气(尤其是液化天然气)供过于求的主要原因,并导致欧洲天然气现货价格下跌。本研究的目的是解决以下问题:a)美国何时将完全独立于天然气进口并能够出口天然气;B)页岩气技术是否可能在其他大陆产生实质性的变化。
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引用次数: 2
Impact of Gas Industry on Sustainable Economy in Nigeria: Further Estimations Through Eview 天然气工业对尼日利亚可持续经济的影响:通过Eview进一步估计
M. Ojide, Salami Dada Kareem, F. Kari, Alam Gazi, Oke David Matuin
A key policy objective of sustainable economic development, especially in any developing country like Nigeria, is to establish energy development paths that are both economically efficient and sustainable. However, this depends significantly on full utilization of such resources. Distributed Lag (DL) model, dummy variable regression model and co-integration analyses were used in this paper to evaluate the impact and sustainability of Gas utilization in the Nigerian economy. The structure of gas flaring in Nigeria in relation to the imposition of fine on flared gas was also examined. The regression results and the co-integration analysis show that utilization of Nigerian natural gas impacts positively on the economy given three-year time lag; it is also sustainable. On the other hand, although the imposition of fine on flared gas has the potential to end or reduce flares; it has not significantly led to any structural change (sliding slope) on the level of flares since its imposition in 1984. Hence there is need for government to always employ Regulatory Impact Analysis (RIA) to evaluate its policy implementations.
可持续经济发展的一个关键政策目标,特别是在尼日利亚这样的任何发展中国家,是建立既经济有效又可持续的能源发展道路。然而,这在很大程度上取决于这些资源的充分利用。本文采用分布式滞后(DL)模型、虚拟变量回归模型和协整分析来评估天然气利用对尼日利亚经济的影响和可持续性。还审查了尼日利亚的天然气燃烧结构与对燃烧气体征收罚款的关系。回归结果和协整分析表明,在给定3年的时滞条件下,尼日利亚天然气的利用对经济的影响为正;它也是可持续的。另一方面,虽然对燃烧气体征收罚款有可能结束或减少燃烧;自1984年实施以来,它没有显著导致耀斑水平的任何结构变化(滑动斜率)。因此,政府需要经常使用监管影响分析(RIA)来评估其政策实施。
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引用次数: 14
The Impact of Biofuels Policy on Trade and Food Security in Developing Countries 生物燃料政策对发展中国家贸易和粮食安全的影响
B. Havrland, Yayan Satyakti
We developed Dynamic Inter Regional Computable General Equilibrium (IR- CGE) for Energy and Agriculture Model that incorporates geographic features into CGE. Within the context of comparative advantage we demonstrate how the biofuel policy impact on trade and food security. We find that biofuel policy may benefit for exporters countries which mostly are developing countries and cost for importers countries. In term of geographical analysis, European Union may trading with neighbor country and independent for biofuel commodities from developing countries. Meanwhile, food security issues in developing countries may lead more fluctuated price in agriculture price than in developed countries; in supply side trade liberalization may increase in welfare export and output accordingly.
我们开发了能源和农业动态区域间可计算一般均衡(IR- CGE)模型,该模型将地理特征融入到CGE中。在比较优势的背景下,我们展示了生物燃料政策对贸易和粮食安全的影响。我们发现,生物燃料政策可能有利于出口国(主要是发展中国家),而不利于进口国。在地理分析上,欧盟可以与邻国进行贸易,也可以独立从发展中国家购买生物燃料商品。同时,发展中国家的粮食安全问题可能导致农产品价格波动幅度大于发达国家;在供给侧,贸易自由化可以相应增加福利出口和产出。
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引用次数: 0
Benefiting the Resource Rich: How can International Development Policy Help Tame the Resource Curse? 资源富裕者受益:国际发展政策如何帮助驯服资源诅咒?
J. Santiso, G. Havro
While natural resource revenues ought to enable development, past experiences with the 'Paradox of Plenty' have shown that mineral and oil wealth often represents a curse rather than a blessing, inducing slower growth and higher levels of poverty. Many resource rich countries have high poverty rates and are among recipients of international aid. This paper looks at how lessons from successful resource rich countries can provide lessons for resource management. It also considers how international donors can act to facilitate such processes. Norway and Chile are small open economies with high concentration in petroleum and copper, respectively. Yet the interaction between good institutions and fiscal policy, facilitated by the use of resource funds, has allowed both countries to largely escape the resource curse. Both countries have prioritised institutional development before engaging in heavy resource extraction. Maintaining a broad tax base, developing linkages to the rest of the economy, investing in human capital, and engaging in political consensus-building have helped retain incentives that limit rent-seeking. Many countries facing high inflows of natural resource rents also have weak institutions. For these countries, strengthening institutions through developing the skill and efficiency of civil servants and committing to transparency and accountability can help change the pay-offs from engaging in corrupt practices or rent-seeking. Yet in many cases, large-scale institution building might be beyond these countries’ immediate capacity, leaving an important opportunity for international donors. Aid, in the traditional sense, is not the solution to the resource curse. Once the natural resource revenues have started flowing, resource rich countries are not primarily in need of further financial inflows. Fostering long-term development here is rather a question of technical support and capacity building, support for international anti-corruption mechanisms and imposing transparency and legal requirements on national companies operating in these countries.
虽然自然资源收入应该能够促进发展,但过去“富足悖论”的经验表明,矿产和石油财富往往是一种诅咒,而不是一种祝福,会导致经济增长放缓和贫困加剧。许多资源丰富的国家贫困率很高,而且是接受国际援助的国家之一。本文着眼于成功的资源丰富国家的经验如何为资源管理提供借鉴。它还审议了国际捐助者如何采取行动促进这一进程。挪威和智利分别是石油和铜高度集中的小型开放经济体。然而,良好的制度与财政政策之间的相互作用,在资源基金使用的推动下,使两国在很大程度上逃脱了资源诅咒。在从事重资源开采之前,两国都优先考虑了制度建设。维持广泛的税基、发展与经济其他部门的联系、投资于人力资本以及参与政治共识的建立,有助于保留限制寻租的激励机制。许多面临自然资源租金高流入的国家的制度也很薄弱。对这些国家来说,通过发展公务员的技能和效率以及致力于透明度和问责制来加强制度,可以帮助改变从事腐败行为或寻租的后果。然而,在许多情况下,大规模的机构建设可能超出了这些国家的直接能力,这给国际捐助者留下了一个重要的机会。传统意义上的援助并不是解决资源诅咒的办法。一旦自然资源收入开始流动,资源丰富的国家基本上不需要进一步的资金流入。促进这些国家的长期发展,其实是技术支持和能力建设的问题,是支持国际反腐败机制的问题,是对在这些国家经营的国有公司实行透明度和法律要求的问题。
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引用次数: 7
Cursed Resources? Political Conditions and Oil Market Outcomes 被诅咒的资源?政治形势和石油市场结果
G. Metcalf, Catherine Wolfram
We analyze how a country's political institutions affect oil production within its borders. We find a pronounced negative relationship between political openness and volatility in oil production, with democratic regimes exhibiting less volatility than more autocratic regimes. This relationship holds across a number of robustness checks including using different measures of political conditions, instrumenting for political conditions and using several measures of production volatility. Political openness also affects other oil market outcomes, including total production as a share of reserves. Our findings have implications both for interpreting the role of institutions in explaining differences in macroeconomic development and for understanding world oil markets.
我们分析一个国家的政治制度如何影响其境内的石油生产。我们发现政治开放与石油生产的波动性之间存在明显的负相关关系,民主政权的波动性低于专制政权。这种关系适用于许多稳健性检查,包括使用不同的政治条件衡量标准,政治条件工具和使用几种生产波动性衡量标准。政治开放也会影响石油市场的其他结果,包括石油总产量占石油储量的比例。我们的研究结果对解释制度在解释宏观经济发展差异中的作用和理解世界石油市场都有影响。
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引用次数: 13
Resolving the Nigeria Gas to Power Challenge: The World Bank/Federal Government Partial Risk Guarantee to the Rescue? 解决尼日利亚天然气发电挑战:世界银行/联邦政府的部分风险担保?
A. Oni
This short paper reviews the role the Partial Risk Guarantee (PRG) mechanism may play in providing payment guarantee or what is termed "securitization" in Nigerian energy terms as far as the electric power sector is concerned.It looks at how the World Bank and the Federal Government of Nigeria are working together to improve the electric power sector as no investor is willing to invest risk capital without some form of assurance, that it would get paid for services rendered and even make some profit.
这篇短文回顾了部分风险担保(PRG)机制在提供支付担保或尼日利亚能源术语中所谓的“证券化”方面可能发挥的作用,就电力部门而言。它着眼于世界银行和尼日利亚联邦政府如何共同努力改善电力部门,因为没有投资者愿意在没有某种形式的保证的情况下投资风险资本,即它所提供的服务会得到报酬,甚至会获得一些利润。
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引用次数: 1
Resource Curse or Malthusian Trap? Evidence from Oil Discoveries and Extractions 资源诅咒还是马尔萨斯陷阱?来自石油发现和开采的证据
Anca Cotet Grecu, K. Tsui
This paper studies the effects of oil rent on development using a unique panel dataset describing worldwide oil discoveries and extractions. First, we revisit the so-called curse of oil, which contends that oil rent hinders economic development. Exploiting cross-country variations in the timing of oil discoveries and the size of initial oil in place, we find that, contrary to the oil-curse hypothesis, there is little robust evidence of a negative relationship between oil endowment and economic performance, even after controlling for initial income. Second, based on both cross-country and panel evidence, we find a robust association between oil abundance and population growth, which might suggest a Malthusian effect which reduces the economic growth measured in per capita GDP. We find some evidence that oil abundance increases fertility. On an accounting basis, however, migration plays an even more prominent role in explaining the oil-induced population growth. Furthermore, we show that focusing on material gain may understate the welfare gain from oil abundance, because relative to non-oil countries, oil-rich countries gain more in health improvements. These results suggest that despite the positive oil effect on population growth, oil-rich countries do not suffer from the Malthusian trap, and overall oil abundance is an economic blessing rather than a curse.
本文使用一个描述全球石油发现和开采的独特面板数据集研究了石油租金对开发的影响。首先,我们重新审视所谓的石油诅咒,认为石油租金阻碍了经济发展。利用石油发现时间和初始石油储量的跨国差异,我们发现,与石油诅咒假说相反,即使在控制初始收入之后,也几乎没有强有力的证据表明石油禀赋与经济绩效之间存在负相关关系。其次,基于跨国和面板证据,我们发现石油储量与人口增长之间存在强大的关联,这可能表明马尔萨斯效应降低了以人均GDP衡量的经济增长。我们发现一些证据表明,石油储量丰富会提高生育率。然而,在会计基础上,移民在解释石油导致的人口增长方面发挥了更为突出的作用。此外,我们表明,关注物质收益可能低估了石油丰富带来的福利收益,因为相对于非石油国家,石油丰富的国家在健康改善方面获得更多。这些结果表明,尽管石油对人口增长有积极的影响,但石油丰富的国家并没有陷入马尔萨斯陷阱,总体而言,石油丰富对经济是一种祝福,而不是诅咒。
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引用次数: 41
Informal Markets for Electricity: Economics of Lighting for Hawkers in India 非正式电力市场:印度小贩的照明经济学
Anoop Singh
Purpose – The purpose of this paper is to investigate the economics of supplying energy needs for illumination requirements by hawkers using alternatives like compact fluorescent lamps battery lamps, liquefied petroleum gas mantle lamps or supply from mini‐grids supported by local diesel generators. Further, the prevailing business models like the lamp rental and the mini‐grid models, which epitomise informal electricity markets, are also analysed.Design/methodology/approach – Three localities in Kanpur city are identified and data on techno‐economic characteristics of illumination options used by hawkers are collected. To compare the available options with varying capital life‐span, equivalent annual cost approach is utilized. This is used to calculate the levelised cost of 1 kiloWalthour energy used for providing illumination.Findings – The daily user cost of illumination ranges from Rs 6.1 to 17 (for four hours) across the four existing models studied in the paper. This translates to Rs 31.3 to 312.5 p...
目的-本文的目的是调查小贩使用紧凑型荧光灯、电池灯、液化石油气罩灯或由当地柴油发电机支持的微型电网供电等替代方案来满足照明需求的经济效益。此外,还分析了代表非正式电力市场的主流商业模式,如灯具租赁和微型电网模式。设计/方法/方法-确定了坎普尔市的三个地点,并收集了小贩使用的照明方案的技术经济特征数据。为了比较不同资本寿命的可选方案,采用了等效年成本法。这用于计算用于提供照明的1千瓦时能源的平准化成本。研究结果-在论文中研究的四个现有模型中,每天用户的照明成本从6.1卢比到17卢比(4小时)不等。这相当于31.3卢比到312.5卢比…
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引用次数: 8
Socioeconomic Vulnerability in China's Hydropower Development 中国水电开发中的社会经济脆弱性
Phil Brown, D. Magee, Yilin Xu
Approximately 78% of China's electricity demand is met by burning coal, which has taken a serious toll on the environment. Hydropower represents a sustainable alternative source, and China already derives 16% of its electricity supply from hydropower. However, evidence from other hydroelectric projects such as the Three Gorges Dam suggests that the socioeconomic consequences of such large public works projects are enormous. A series of dams has been proposed for the middle and lower reaches of the Nu River (Upper Salween) in Yunnan Province. If completed, the 13-dam cascade would have greater power-generating potential than the Three Gorges Dam. However, the Nu is considered to be the last "virgin" river in China, and many of the proposed dams are located in an environmentally-sensitive area. Moreover, approximately 50,000 people - many of them ethnic minorities - would be forced to resettle by the resulting reservoirs [Yardley, Jim. "Dam Building Threatens China's 'Grand Canyon'." New York Times, 2004, March 10.]. Finally, the economic status of northwestern Yunnan is quite low, suggesting that socioeconomic vulnerabilities among the displaced population would be quite acute. Although construction has officially been halted, surveying has begun on at least five of the dams, and Wang [Wang, Xiaozong, "Quan Guo Ren Da Guan Yuan: Nu Jiang Shui Dian Kai Fa Bu Yi Cao Zhi Guo Ji", China Economics Weekly, 2008, March 31.] reports that the actual construction process has begun on one of these dams. After providing a detailed account of China's electricity supply, this paper quantifies China's hydropower potential. We then describe the socioeconomic effects of population displacement from dam development using the Three Gorges Dam as a case study. Next, we provide a detailed economic profile of the Nu River area, arguing that poor farmers from disparate language groups are more likely to face extreme vulnerabilities in the resettlement process. Finally, we employ microevidence from interviews of affected households to demonstrate that the dam construction process in western Yunnan has been neither transparent nor consultative.
中国约78%的电力需求是通过燃煤来满足的,这对环境造成了严重损害。水力发电是一种可持续的替代能源,目前中国16%的电力供应来自水力发电。然而,来自三峡大坝等其他水电项目的证据表明,此类大型公共工程项目的社会经济后果是巨大的。云南省怒江(萨尔温江上游)中下游拟建一系列大坝。如果建成,13座大坝的发电潜力将超过三峡大坝。然而,怒江被认为是中国最后一条“原始”河流,许多拟建的大坝都位于环境敏感地区。此外,大约5万人,其中许多是少数民族,将被迫重新安置在由此产生的水库。“大坝建设威胁中国的‘大峡谷’。”《纽约时报》,2004年3月10日。滇西北地区经济地位较低,流离失所人口的社会经济脆弱性较为突出。虽然工程已经正式停止,但至少有五座大坝的勘测工作已经开始。王晓宗,《全国人大管园:怒江水利发展不可能实现的目标》,《中国经济周刊》,2008年3月31日。报道说,其中一座大坝的实际建设进程已经开始。在详细介绍了中国的电力供应情况之后,本文对中国的水电潜力进行了量化。以三峡大坝为例,分析了三峡大坝建设对人口迁移的社会经济影响。接下来,我们提供了怒江地区的详细经济概况,认为来自不同语言群体的贫困农民在安置过程中更有可能面临极端脆弱性。最后,我们采用微观证据从受影响的家庭访谈,证明在滇西大坝建设过程中既不透明,也没有协商。
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引用次数: 55
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ERN: Exploitation of Renewable & Non-Renewables Natural Resources & the Environment (Topic)
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