3 Search Results

Abstract Current search for more sustainable plastics seeks to redesign polymers possessing both chemical recyclability to monomer for a circular plastics economy and desirable performance that can rival or even exceed today's non‐recyclable or hard‐to‐recycle petroleum‐based incumbents. However, within a traditional monomer framework it is challenging to optimize, concurrently , contrasting polymerizability/depolymerizability and recyclability/performance properties. Here, we highlight the emerging hybrid monomer design strategy to develop intrinsically circular polymers with tunable performance properties, aiming to unify desired, but otherwise conflicting, properties in a single monomer. Conceptually, this design hybridizes parent monomer pairs of contrasting, mismatching, or matching properties into offspringmore » monomers that not only unify the above‐described conflicting properties but also radically alter the resultant polymer properties far beyond the limits of what either parent homopolymers or their copolymers can achieve.« less

This paper investigates the sensitivity of U.S. economic performance to oil price changes, accounting for changes in the domestic petroleum supply-demand balance over the last decade. Herein, a non-linear (asymmetric) autoregressive distributed lag (NARDL) model is used to estimate the U.S. GDP elasticity with respect to the oil price, controlling for oil production, consumption and imports, and macroeconomic variables. The positive and negative components of the oil price both have statistically significant long-run impacts on the real U.S. GDP. The parameter estimates imply that a 1% positive and permanent oil price shock, all else the same, would have a long-runmore » impact of –0.045% on the U.S. economy (an elasticity of –0.045), but short-run parameters on the positive oil price terms are not significant at the 10% level. The long-run parameter on the negative oil price component term implies an elasticity of –0.034. Thus, controlling for domestic U.S. oil production and oil trade, the long-run oil price elasticity of the U.S. GDP remains within the range of estimates from previous studies. The results also show that domestic oil production and consumption have short-run impacts on the U.S. GDP. The potential extent of interactions among these variables, and implications for the net economic impacts, under an oil price shock are subjects of future research.« less

The Andes is the largest undeveloped geothermal region in the world. The Chilean case is the most puzzling because the country is largely dependent on imported fuels causing, among other issues, high energy prices and energy dependency. But even though it has large quantities of geothermal resources which have been explored since the 1920s, no geothermal power plant has been constructed yet. The barriers for geothermal development in Chile have not been studied in detail and limited information is available about the real economic feasibility of geothermal power generation and whether effective incentives are needed for its development. In thismore » study we present an integrated analysis of geoscientific, economic, historical and regulatory aspects of geothermal development in Chile based on the compilation of new and previously published data. Through a survey of key participants from government institutions, industry and academia we identified the main perceived advantages, barriers, and efficient incentives. The absence of clear medium-to-long term energy policies and a lack of government incentives for companies to overcome financial risk are perceived as the main barriers. Additionally, we calculated the estimated average Levelized Costs of Energy (LCoE) of geothermal electricity generation using different scenarios to illustrate the potential impact of possible government policies. The present conditions and without incentives we estimated a base case geothermal LCoE in Chile which would be "near competitive" compared to the average contract prices. Further analysis would be needed to estimate the effect of different policy incentives more rigorously. Finally, we propose some guidelines for geothermal stakeholders to encourage geothermal power development; these might prove useful to other Andean and developing countries as well.« less