The National Energy Modelling System Economics Essay

Aftabuzzaman and Mazloumi ( 2011 ) conducted a research on Achieving sustainable urban conveyance mobility in station extremum oil epoch. Since major ball of the planetary energy is used up by the conveyance sector it will confront a immense challenge after peak oil period with deficit of fossil fuels. Peak oil does non intend that there will be an exhaustion of universe oil resources ; it ‘s merely a point where oil production will be at its upper limit because of increasing demand and still will non be able to cover it. The conveyance sector is wholly dependent on oil and in bend the economic development is dependent on transit. This paper presented a comparative rating of international research measuring the happening of peak oil period and effects of peak oil in the conveyance sector. Deductive research was done on a antecedently done research on the estimated clip for peak oil to make by Hubbert in 1956. Hubbert ‘s theory, named the ‘Peak Oil Theory ‘ is one of the widely used methods available to oil geologists ‘ now yearss and has gained acceptance everyplace. BP Statistical Review of World Energy indicated that planetary oil production is 81.53 million barrels/day ; the estimation showed 1.24 trillion barrels of proven militias of oil and a modesty to production ratio of 40 old ages, intending planetary oil militias can last for about 40 old ages if they maintain the current production. The article suggested that the addition in fuel monetary values will do mobility of persons to diminish and will upset the concern twenty-four hours to twenty-four hours activities plus freight motion. Mitigation schemes to counter the increasing fuel monetary values included switching to different transit manner that does non utilize oil, efficient land usage ( shortest possible path ) and development and executing of utility transit fuels and vehicles.

Litman ( 2012 ) investigated the monetary value sensitiveness of vehicle travel and impacts on fuel ingestion. It discussed the effective- cape of conveyance pricing reforms and how it is altered by the alterations in fuel monetary value. It explained the relationship between monetary value snaps and fuel monetary value alterations. Different surveies and assorted methodological analysiss and informations sets have been used in this article to cipher fuel monetary value snaps and its effects on fuel ingestion and vehicle travel. International reappraisal surveies by Glaister and Graham ( 2002 ) and Goodwin et Al. ( 2004 ) were analysed. They found that the variableness of vehicle fuel ingestion compared to monetary value declined from 0.56 prior to 1974, 0.36 between 1974 and 1981, to 0.28 after 1981. Another method used was dynamic partial accommodation theoretical account. The article concluded that different factors affect the consumers ‘ response to alterations in monetary value. Elasticities follows an increasing tendency and consumers react consequently that besides affects their purchasing determinations associating to vehicle purchases and place location to cut travelling clip. It besides increases if consumers have better conveyance options. Elasticities are higher for monetary value alterations consumers consider long lasting, such as revenue enhancement additions, than alterations consumers consider impermanent, such as oil monetary value spikes.

Borjesson, Ahlgren ( 20110 ) worked on accomplishing cost-efficient manner of cut downing the usage of oil in rider autos in Sweden. Oil usage decrease is ever been a job for about all organisations. The dependance on oil has to stop because unsure handiness and monetary value hikings. Since in Sweden route conveyance sector uses the major ball of oil merchandises the nucleus research of the article was to analyse this sector. Comparing the costs of different possible engineering options for cut downing the usage of oil in rider auto transit was done by optimisation patterning attack. In this article an energy system theoretical account based on the well-established ‘MARKAL ‘ theoretical account generator was used.

Bradley Lane ( 2012 ) researched this article to analyze the progressive features of the relationship between gasolene monetary values and public transit in US metropoliss from January 2002 to March 2009. This research addressed this relationship by analyzing a big sample of rail and coach systems in the United States over an 87 month period from 2002 to 2009. This research was non designed to bring forth elaborate ridership theoretical accounts. First the behaviour of gasolene monetary values over clip was estimated by utilizing graphical analyses. Then, possible of import intervals among variables for ridership, service and gasolene monetary values were stressed upon with the aid of cross correlativity graphs. Consequences were legion. It stated that a direct relationship between the prognostic power of the theoretical account and the effectivity of gasolene monetary values as a forecaster exists. Multiple important slowdowns in gasolene monetary value slowdowns were observed in most of the metropoliss and the length between those slowdowns differed harmonizing to season. The figure of riders utilizing a public conveyance system was greatly affected by the combination of gasolene monetary values and their recurring features. The tendency variables were about ever negative, saying that economic effects, service effects and gasolene monetary values contributed to downward tendencies in theodolite use. The consequences of the survey besides suggested that metropoliss that are more auto-dependent may be more sensitive to gasoline monetary value volatility, chiefly because of their high rates of car usage.

Watcharasukarn, Page and Krumdieck ( 2011 ) worked on the alterations in oil supply as a hazard to transport activity systems. Based on the SIM game concept a practical world study method had been introduced to enter a participant ‘s hebdomadal travel activity, it besides recorded the participant ‘s travel adaptative capacity appraisal. The study has three degrees of function playing construct in which different things such as embodiments, 2D scenes and Google maps are used to assist with the apprehension of it. It subsequently on besides includes feedback tonss to analyse the study. Overall, the participants or respondents in every group showed a major lessening in auto use with negligible loss of activities. Entire figure of trips made by autos was reduced and the demand for alternate transit increased such as cycling, coach walking and car-pooling. 11 % of vehicle trips for general staff were shifted to walking where the per centum for pupils was 23 % and 30 % for faculty members. Bicycle trips were increased from families that were near university by 30 % for general staff, 21 % for faculty members and 20 % for pupils at the clip when the monetary value was highest. Factors such as altering the concluding finish, rearranging the trips to a suited clip, uniting activities such as car-pooling and altering trips wholly for transit were the chief permutations that the participants did under the force per unit area of fuel monetary values. The consequences from this stimulation study concluded that the respondents can be extremely adaptative if pressurized with high fuel monetary values. These consequences besides showed future demand growing chances if peak oil occurs.

Ajanovic and Haas ( 2011 ) researched this paper to look into the alterations in fuel monetary values on the demand for vehicle kilometers driven by the transit sector of autos and the overall fuel ingestion by the sector. They focused on happening the long-run impact of fuel monetary value alterations. They looked for European Union states for which informations were available for the period of 1970-2007. This in bend led to the focal point of the research to be done on six states from which complete information was available: Germany ( DE ) , Austria ( AT ) , Denmark ( DK ) , France ( FR ) , Sweden ( SE ) and Italy ( IT ) . Specific points to analyze the impact of fuel strength and monetary values on entire energy ingestion were given, such as ( 1 ) “ chalk out a basic model on the interactions between monetary values, fuel strengths and energy ingestion ” ( 2 ) “ conduct an appraisal of the symmetric attack ” ; ( 3 ) “ trial for dissymmetries in monetary value snap ” ; ( 4 ) “ gauge energy and include fuel strength and discourse its impact ” . Certain effects are bound to go on if there is execution of fuel strength criterions and CO2 emanations. Those were the effects of alterations in fuel strength because of an addition in vehicle milage and the monetary value consequence. The consequences of the analysis showed that the states examined showed a broad scope of energy ingestion forms because of monetary value and fuel strength alterations.

Henry Lee et.al ( 2009 ) examined “ Different sector particular policy scenarios for cut downing GHG emanations and oil ingestion in the US transit sector under economy-wide CO2 monetary values ” . Breakdown of revenue enhancements on fuels, additions in fuel economic system criterions, and new revenue enhancement credits for vehicle purchases was done and impacts of uniting these policies was besides analysed.

In this analysis the National Energy Modelling System ( NEMS ) was used to gauge different impacts of energy and CO2 emanation policies imposed on the transit sector in the United states from 2010 to 2030. If decrease in emanation is to be desired, transit sector-specific policies such as fuel revenue enhancements, milage charges and fuel economic system or GHG emanations strength criterions will necessitate to be imposed.

Macharis et.al ( 2010 ) worked on the “ Impacts of fuel monetary value additions on the intermodal conveyance terminuss ” . This research examined that if there was an addition in fuel monetary values, will it hold the same sufficient addition the market country of intermodal conveyance as an addition caused by promoting intermodal conveyance through policy instruments. Numerous fuel monetary value fortunes were observed in order to see the consequence of different fuel monetary value developments on the market country of unimodal route conveyance compared to intermodal conveyance in Belgium. The LAMBIT-model ( Location Analysis for Belgian Intermodal Terminals ) , which is a GIS-based theoretical account ( Macharis and Pekin, 2008 ) , was used to analyze the different fuel monetary value additions and enabled us to see what precisely happens to the market country. The analyses on the different fuel monetary value scenarios described in this paper show that fuel monetary value addition will besides ensue in an addition in the market countries of intermodal terminuss. The fortunes revealed that if the fuel monetary value increased, both intermodal flatboat and rail terminuss increased their market countries, but the consequences were non the same on the sum of the addition.

Clerides and Zachariadis ‘s ( 2008 ) purpose was to analyse the “ Impact of criterions and fuel monetary values on new-car fuel economic system ” . The effectivity of each criterion or policy tool over the last 30 old ages imposed on autos was besides added in this research for comparative footing. The research have compiled what they believe is the most complete signifier of international dataset on new-car fuel economic system, covering 18 states ( US, Canada, Australia, Japan, Switzerland and 13 EU states ) from the period between 1975 and 2003. The empirical attack was to analyze the development of fuel economic system in these states and happen the impact of criterions and fuel monetary values on it. Each series was individually analyzed every bit good as the series that were joint together in a panel utilizing a “ decreased signifier dynamic theoretical account ” that allowed them to measure short-term and long-term impacts. They besides set up a “ difference-in-differences specification ” which stated the fact that different states implemented criterions at different times. Overall this article has found that the presentation of some controlling step, either compulsory or knowing, clearly saw the betterments in the fuel economic system in the US, Europe and Japan. But at the same clip, new-car fuel economic system was non much affected by fuel monetary values after the execution of criterions. Furthermore, in Europe and Japan the impact of a fuel economic system criterion on new-car fuel ingestion was more noticeable than that of a rise in fuel monetary values.

Aggarwal, Akhigbe, Mohanty ( 2012 ) presented the information of big alterations in oil monetary values and whether the return of transit houses is negative or positive from oil monetary value addition. They besides found out how a lessening in oil monetary value will do the hazards to increase. As oil monetary values change so rapidly and are unannounced the costs of oil-based fuels are peculiarly of import. These oil monetary value dazes are of import for the economic system and particularly for energy use in the conveyance sector. The article used daily informations on topographic point monetary values for West Texas Intermediate ( WTI ) light sweet rough oil at the New York Mercantile Exchange ( NYMEX ) from the beginning of January 1986 to the terminal of July 2008. Oil dazes were calculated based on alterations in day-to-day topographic point oil monetary values over the January 1986-July 2008 period. Large alterations in oil monetary values were identified utilizing a?’5 % and 5 % cut-offs to distinguish between negative oil-price dazes and positive oil-price dazes. Oil-price alterations that exceed 5 % were identified as positive oil monetary value dazes and alterations that were below a?’5 % were identified as negative oil-price dazes. They recognized 102 negative oil dazes and 78 positive oil dazes in the sample period from January 1986 to July 2008. Sample was of 71 major U.S. transit companies. Concluding, the article states that first, transit house returns were really much affected by oil monetary value dazes. Second, transit house return and hazard exposures to oil monetary value dazes were irregular. For illustration, while returns are affected by oil monetary value additions, hazards are influenced more by oil monetary value diminutions.

Noland, Cowart, Fulton ( 2005 ) analyzed the “ Potential conveyance demand restraint schemes that could potentially extenuate the impact of short-run supply breaks ” . The analysis included estimations of how much fuel could be saved by the execution of policies. They examined several work-based policies, carpooling, velocity bound decreases, driving prohibitions and limitations, increased public conveyance use, and supplying information on the consequence of keeping optimum tyre force per unit areas. Datas on conveyance policies and oil demand was collected from IEA while informations on vehicle kilometres of travel ( VKT ) were obtained from the International Road and Traffic Accident Database ( IRTAD ) supplied by IEA. The policies evaluated provide much possible scope of fuel nest eggs. These could be truly minor nest eggs of about nil to about 3 % for the public conveyance policies to about 20 % for a purely enforced odd/even twenty-four hours driving prohibition.

Haldenbilen ( 2005 ) determined “ fuel monetary value based on estimated sectoral energy and transport demand utilizing pumping monetary values ” . The fuel monetary values ( FP ) were analyzed under two scenarios: “ Linear ” and “ exponential monetary value ” scenarios. Consequences showed that if the fuel monetary values increased linearly, the negligible cost somewhat decreased from current motion, but it will increase if demand increases exponentially. It besides showed that the demand-based pricing policy would most probably aid to better a new pricing policy for fuel usage that will in turn control fast turning demand. The exponential monetary value addition would besides do different fiscal beginnings to come up in order to make environmentally friendly transit systems.

Liddle ( 2009 ) examined whether there is a relationship between mobility demand, gasoline monetary value, income, and vehicle ownership utilizing US informations from 1946 to 2006. He analyzed the relationship among two methods of transport demand and linked all the variables together over the long tally. The information included “ existent GDP per capita, from Johnston and Williamson ( 2008 ) ; vehicle-miles per capita, motor fuel usage per capita, and figure of registered vehicles per capita, and from US Department of Transportation, Federal Highway Administration ‘s Highway Statistics ; and existent retail gasolene monetary value, from US Department of Energy, Energy Information Agency. Population informations ( to change over steps to per capita ) was from the US Census Bureau ” . The analysis here showed that in the US, transit demand has a reciprocally causal relationship with gasolene monetary value, income, and vehicle ownership. These findings could hold a figure of likely deductions for policy execution. First, the fuel criterions plan was effectual to better the fuel economic system of the vehicles in the US and in temporarily cut downing transit demand ‘s impact on fuel usage. Second, there will be limited impact on transit and fuel demand caused by higher gasolene revenue enhancements. Furthermore gasoline monetary value had no noticeable short-term causal impact on vehicle-miles driven.

Burke, Nishitateno ( 2012 ) used informations for 132 states for the period 1995-2008 to look into the “ Implications of the monetary value drivers pay for gasolene and the difference for the ingestion of gasolene for route conveyance ” . To cipher the state ‘s mean gasolene pump monetary value, both state ‘s oil militias and the international petroleum oil monetary value were used in this research. Results suggested that higher gasolene monetary values cut down per capita road-sector gasolene ingestion and will most likely cause the consumers to switch to more fuel efficient autos and cars as a replacement. The jutting monetary value snaps were slightly little, but it suggested that low-price states could hold immense gasolene nest eggs and fuel efficiency additions by holding gasolene monetary values that are internationally-normal.