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This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Modern gas turbine power plants represent one of the most efficient and economic conventional power generation technologies suitable for large-scale and smaller scale applications. Alongside this, gas turbine systems operate with low emissions and are more flexible in their operational characteristics than other large-scale generation units such as steam cycle plants. Gas turbines are unrivalled in their superior power density (power-to-weight) and are thus the prime choice for industrial applications where size and weight matter the most. Developments in the field look to improve on this performance, aiming at higher efficiency generation, lower emission systems and more fuel-flexible operation to utilise lower-grade gases, liquid fuels, and gasified solid fuels/biomass. Modern gas turbine systems provides a comprehensive review of gas turbine science and engineering.The first part of the book provides an overview of gas turbine types, applications and cycles. Part two moves on to explore major components of modern gas turbine systems including compressors, combustors and turbogenerators. Finally, the operation and maintenance of modern gas turbine systems is discussed in part three. The section includes chapters on performance issues and modelling, the maintenance and repair of components and fuel flexibility.Modern gas turbine systems is a technical resource for power plant operators, industrial engineers working with gas turbine power plants and researchers, scientists and students interested in the field. - Provides a comprehensive review of gas turbine systems and fundamentals of a cycle - Examines the major components of modern systems, including compressors, combustors and turbines - Discusses the operation and maintenance of component parts
This open access book is a result of the Dalhousie-led research project Safe Navigation and Environment Protection, supported by a grant from the Ocean Frontier Institute’s the Canada First Research Excellent Fund (CFREF). The book focuses on Arctic shipping and investigates how ocean change and anthropogenic impacts affect our understanding of risk, policy, management and regulation for safe navigation, environment protection, conflict management between ocean uses, and protection of Indigenous peoples’ interests. A rapidly changing Arctic as a result of climate change and ice loss is rendering the North more accessible, providing new opportunities while producing impacts on the Arctic. The book explores ideas for enhanced governance of Arctic shipping through risk-based planning, marine spatial planning and scaling up shipping standards for safety, environment protection and public health.
This four-volume reference work builds upon the success of past editions of Elsevier’s Corrosion title (by Shreir, Jarman, and Burstein), covering the range of innovations and applications that have emerged in the years since its publication. Developed in partnership with experts from the Corrosion and Protection Centre at the University of Manchester, Shreir’s Corrosion meets the research and productivity needs of engineers, consultants, and researchers alike. Incorporates coverage of all aspects of the corrosion phenomenon, from the science behind corrosion of metallic and non-metallic materials in liquids and gases to the management of corrosion in specific industries and applications Features cutting-edge topics such as medical applications, metal matrix composites, and corrosion modeling Covers the benefits and limitations of techniques from scanning probes to electrochemical noise and impedance spectroscopy