Offering a unifying theoretical perspective not readily available in any other text, this innovative guide to econometrics uses simple geometrical arguments to develop students' intuitive understanding of basic and advanced topics, emphasizing throughout the practical applications of modern theory and nonlinear techniques of estimation. One theme of the text is the use of artificial regressions for estimation, reference, and specification testing of nonlinear models, including diagnostic tests for parameter constancy, serial correlation, heteroscedasticity, and other types of mis-specification. Explaining how estimates can be obtained and tests can be carried out, the authors go beyond a mere algebraic description to one that can be easily translated into the commands of a standard econometric software package. Covering an unprecedented range of problems with a consistent emphasis on those that arise in applied work, this accessible and coherent guide to the most vital topics in econometrics today is indispensable for advanced students of econometrics and students of statistics interested in regression and related topics. It will also suit practising econometricians who want to update their skills. Flexibly designed to accommodate a variety of course levels, it offers both complete coverage of the basic material and separate chapters on areas of specialized interest.

Estimation and Inference in Econometrics

The Council and the European Parliament

Is a 100% renewable European power system feasible by 2050?

A recent article ‘Burden of proof: A comprehensive review of the feasibility of 100% renewable-electricity systems’ claims that many studies of 100% renewable electricity systems do not demonstrate sufficient technical feasibility, according to the criteria of the article's authors (henceforth ‘the authors’). Here we analyse the authors’ methodology and find it problematic. The feasibility criteria chosen by the authors are important, but are also easily addressed at low economic cost, while not affecting the main conclusions of the reviewed studies and certainly not affecting their technical feasibility. A more thorough review reveals that all of the issues have already been addressed in the engineering and modelling literature. Nuclear power, which the authors have evaluated positively elsewhere, faces other, genuine feasibility problems, such as the finiteness of uranium resources and a reliance on unproven technologies in the medium- to long-term. Energy systems based on renewables, on the other hand, are not only feasible, but already economically viable and decreasing in cost every year.

/pdf/response-to-burden-of-proof-a-comprehensive-review-of-the-gqgyr74h94.pdf

Response to 'Burden of proof': A comprehensive review of the feasibility of 100% renewable-electricity systems'

Numerical modeling for solid–liquid phase change phenomena in porous media: Shell-and-tube type latent heat thermal energy storage

Re-focussing research efforts on the public acceptance of energy infrastructure: A critical review

With the advent of ICT in the energy system, new possibilities to inform and influence residential electricity consumption become available. We explore the potential of ICT-based interventions in households to decrease electricity usage, improve energy efficiency and thus contribute to reducing GHG (greenhouse gas) emissions from this sector. Based on a literature review on the subject, we suggest that ICT can affect some of the main behaviour-influencing factors, and discuss the causal avenues by which these effects can take hold. Our review finds that ICT-based effects on consumer behaviour can reduce household final electricity consumption by 0–5%. These and other findings from the literature are used to define parameter values, which reflect the efficacy of ICT at changing household energy usage patterns, and ultimately decreasing GHG emissions from the electricity sector. A quantitative analysis of the potential for ICT to contribute to reaching the 1.5 °C target in the context of the European Union (EU) energy sector is performed. It is found that ICT-based interventions in household energy use could contribute between 0.23% and 3.3% of the EU CO2e reduction target from the energy sector that would keep warming under 1.5 °C, corresponding to 4.5–64.7 mio. tCO2e abated per year.

/pdf/exploring-the-role-of-ict-on-household-behavioural-energy-4vdxxf8kze.pdf

Exploring the role of ICT on household behavioural energy efficiency to mitigate global warming

https://www.tugraz.at/fileadmin/user_upload/Events/Eninnov2012/files/lf/LF_Reichl.pdf

The value of supply security: The costs of power outages to Austrian households, firms and the public sector ☆

Designing local renewable energy communities to increase social acceptance: Evidence from a choice experiment in Austria, Germany, Italy, and Switzerland

Johannes Reichl

Papers

Re-focussing research efforts on the public acceptance of energy infrastructure: A critical review

Exploring the role of ICT on household behavioural energy efficiency to mitigate global warming

The value of supply security: The costs of power outages to Austrian households, firms and the public sector ☆

Designing local renewable energy communities to increase social acceptance: Evidence from a choice experiment in Austria, Germany, Italy, and Switzerland

Realizing energy infrastructure projects – A qualitative empirical analysis of local practices to address social acceptance