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The World Energy Outlook series is a leading source of strategic insight on the future of energy and energy-related emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices. This year's edition updates the outlooks for all fuels, technologies and regions, based on the latest market data, policy initiatives and cost trends.
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Since 2015, improvements in global energy intensity have been weakening each year. Energy Efficiency 2019 examines the reasons for this slowdown, which has major implications for consumers, businesses, governments and the environment. The rate at which energy-using technologies are becoming more efficient is slackening, and at the same time societal changes are adding to energy demand faster than technological change can keep up. On top of this, progress on policy and investment remains flat. In addition to tracking trends in energy efficiency policy, investment, and technology, this year's report highlights how the digitalisation of our homes, businesses and transport systems provides immense opportunities to improve energy efficiency in systems and end uses. However, policy makers must engage with a range of challenging issues if the world is to harness digitalisation for greater energy efficiency. The IEA explores these with its new Readiness for Digital Energy Efficiency policy framework, presented in this report for the first time. Energy Efficiency 2019 is the authoritative tracker of global energy efficiency trends, providing policy makers and others in the energy sector with crucial insights into the status of global energy efficiency.
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Introduction to Industrial Energy Efficiency: Energy Auditing, Energy Management, and Policy Issues offers a systemic overview of all key-aspects involved in improving industrial energy efficiency in various industry sectors. It is organized in three parts, each dealing with a particular perspective needed to form a complete view of related issues. Sections focus on energy auditing and improved energy efficiency of companies from a predominantly technical perspective, shed light on energy management and factors that hinder or drive the adoption of energy efficiency practices in the manufacturing industry, and explore energy efficiency policy instruments and how they are designed, implemented and evaluated. Practicing engineers in the field of energy efficiency, engineering and energy researchers coming into the field, and graduate students will find this book to be an invaluable reference on the fundamental knowledge they need to get started in this area
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Can the presence of nontraded consumption goods explain the high degree of 'home bias' displayed by investor portfolios? We find that the answer is no, so long as individuals have access to free international trade in financial assets. In particular, it is never optimal to exhibit home bias with respect to domestic traded-good equities. By contrast, an optimal portfolio may exhibit substantial home bias with respect to nontraded-good equities, although this result requires a very low degree of substitution between traded and nontraded goods in the utility function. Further, our analysis uncovers a second puzzle: the composition of investors' portfolios appears to be strongly at variance with the predictions of the model that incorporates nontraded goods.
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