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MY
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Home
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My Background
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My Contact Information
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My PAPER at WINDPOWER 2008, June 1-4, Houston, TX
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My PRESENTATION at the 2008 European Wind Energy Conference, 31 March-3 April, Brussels. Belgium
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My VISIT to PARIS, 26 March - 15 April 2008
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MY VISIT to Georgetown, CO 5-15 Febrary 2008
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My PAPERS are Cited in Other Published Papers
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MY QUOTE in the Northwestern Alumni Magazine, Winter, 2007
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MY GHG Emissions Papers Will Help You Understand Global Warming
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My PAPER, "The Economics of Storing Wind Electricity as Hydrogen" at WindPower 2007 June 3-6 Los Angeles, CA USA
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My PAPER, "The Technology of Storing Wind Electrcity as Hydrogen" at the European Wind Energy Conference, 7-10 May, 2007, Milan, Italy
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My First BLOG (April 5, 2007) on the New York Times Web Site
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My PAPER at the POWER GEN Renewable Energy and Fuels Conference, March 6-8, 2007, Las Vegas, NV
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My PRESENTATION "Reporting the Wind Story" At the Seminar "Reporting Energy Issues in the Midwest", Sponsored by the Foundation for American Communications, Urbana, IL September 14, 2006
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My ATTENDANCE at SOLAR 2006, July 8-13, 2006, Denver, CO
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My ATTENDANCE at WINDPOWER 2006, June 4-7, 2006, Pittsburgh, PA
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My ATTENDANCE at the AWEA RPS Workshop, March 7-8, 2006, Chicago, IL
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My Letter to the Editor of SPARK, November, 2005
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My "US Energy Sources and Uses" Interview on KYGT, Clear Creek County, CO Public Radio
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My ANSWERS to Certain Questions Concerning Illinois' 2005 Renewable Portfolio Standard (RPS)
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My 2005 COMMENTS to Illinois Commerce Commision Concerning lllinois' Renewable Portfolio Standard
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My October 4 Speech to the Sierra Club, Chicago Group, North Shore Program
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VISIT to Washington, DC 23-30 June 2005
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COMMENTS Quoted in Newspapers or Magazines
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PUBLISHED "Letter to the Editor" in Crain's Chicago Business
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UNPUBLISHED Letters to the Editor
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My PAPER Published in the February, 2005 Journal of Solar Energy Engineering
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My PAPER Published in the August, 2002 Journal of Solar Energy Engineering
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My PAPER World Renewable Energy Conference-VIII, Denver, CO USA, August 29-September 3, 2004
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MY PAPER California Climate Change Center's First Annual Conference on Climate Change, June 9-10, 2004, Sacramento, CA
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My PAPER, National Hydrogen Association 20O4 Convention, April 26-30, 2004, Los Angeles, CA
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MY PAPER-Global WINDPOWER 2004 Conference, Chicago, IL USA, 28-31 March 2004
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MY PAPER-United States Association for Energy Economics-NCAC-Washington, DC, Friday, December 19, 2003
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PAPER-Illinois Economics Association's 33rd Annual Meeting, October 17-18, 2003, Chicago, IL
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PAPER-American Wind Energy Association, WIND 2003 Conference, May 18-21, 2003, Austin, TX
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PAPER-American Solar Energy Society's SOLAR 2003 Conference, June 21-23, 2003, Austin,TX
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MY PAPER-International Solar Energy Society-SOLAR WORLD CONFERENCE 2003-14-19 June 2003,Goteborg, Sweden
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PAPER-European Wind Energy Association-2003 EUROPEAN WIND ENERGY CONFERENCE 16-20 June 2003-Madrid,Spain
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PAPER-National Hydrogen Association's 14th Annual Meeting, March 4-6, 2003, Washington, DC POST CONFERENCE Contact Information
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PAPER, SOLAR 2002, Reno, NV, June 15-20, 2002 POST CONFERENCE Contact Information
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MY PAPER, Global Windpower 2002 Conference, Paris, France, April 2-5, 2002 POST CONFERENCE Contact Information
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![Levelized Cost (B R˘/kWh [US ˘/kWh]) of Solar Electricity](/stavy/stock/icons/conference.gif)
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My Paper, RIO '02 CONFERENCE--ENERGY POLICIES AND TECHNOLOGIES FOR A SUSTAINABLE FUTURE January, 2002 RIO de JANEIRO, BRAZIL--POST Conference Contact Information
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My Picture Gallery-I
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RENEWABLE ENERGY INVESTMENT OPPORTUNITES
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Renewable Energy Investment Opportunities
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SPECIALIZATIONS
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Buying Electricity and Natural Gas in Illinois' Competitive Energy Market
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Large (=> 1 MW) Wind Projects
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Small Wind (< 1 MW) Projects
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The Kyoto Protocol and Emissions Trading
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Solar Thermal Projects
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PV (Photovoltaic) Projects
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Hybrid, Electric, Hydrogen and Alternative Fuel Vehicles
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Microturbines & Distributed Generation Projects
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PUBLISHED PAPERS & PRESENTATIONS
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Abstracts of My Published Papers and Presentations
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Complimentary Copy of my Article in the June, 2002 Issue of the Northern Solar SUN
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FREQUENTLY ASKED QUESTIONS
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Frequently Asked Questions
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Sitemap
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My PRESENTATION at the 2008 European Wind Energy Conference, 31 March-3 April, Brussels. Belgium
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Michael Stavy
Consulting Energy Economist
312.832.1631
432 North Clark Street
Suite 204
Chicago, Illinois USA 60610

michaelstavy@covad.net
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  My Presentation, An Analysis of Whether the Kyoto Protocol is Reducing the Cost Advantage of EU Fossil Electricity Over EU Wind Electricity, was given at the 2008 European Wind Energy Conference. 31 March- 03 April 2008, Brussels, Belgium. I was in the Wind Energy and the Future of the Carbon Market (Session Code CW1) Workshop on Wednesday, 2 April 2008. 9:00-10:30am. My presentation is # CW1.1. To view the EWEC 2008 Program go to http://www.ewec2008.org/index.php?id=950
Abstract Carbon emissions are causing global warming. The Kyoto Protocol has been set up to reduce carbon emissions. This paper covers the EU electric power industry. Burning fossil fuel to generate electricity creates carbon emissions. Wind generated electricity has no carbon emissions. Wind energy is, however, more expensive than fossil electricity. The Protocol has set a time period by which the EU Annex I nations, organized under the common ETS emissions bubble, must reduce the maximum amount (cap) of carbon emissions that they can emit. The Protocol adds the cost of carbon emission reductions to the cost of generating fossil fuel electricity. The Protocol is, therefore, a great benefit to EU wind plants because it will reduce the relative cost advantage of EU fossil electricity. This paper examines the Protocol’s prototype carbon emission reduction architectures (cap and control, cap and trade, carbon tax) to determine which architecture most efficiently reduces the EU power industry carbon emissions to their assigned amount (AAU). The paper then discusses which architecture causes the greatest reduction in the relative cost advantage of EU fossil electricity. The paper examines each architecture’s significant structural components (“the details”). Each architecture must have clearly defined penalties for non-attainment. This means that cap and command is the foundation on which the other architectures are constructed. For cap and command, the details are the setting up of a well organized efficient administrative structure. The cap and trade architecture is used by the EU in its ETS. The ETS details are auctioning verse assignment of carbon emission units (under the bubble the AAU are referred to as European Amounts [EUA]), allowing ETS offsets (JI- ERU, CDM- CER, CDM additionality), banking, unit price limits and the setting up of a well organized and efficient commodity market to clear all EUA, ERU and CER trades. For the carbon tax, the details are the definition of the tax base (tm-CO2/tm-fossil fuel vs. tm-CO2/MWh), the tax rate (€/tm-CO2) and the setting up of a well organized and efficient taxing authority. The result is a detailed comparison of the three architectures for use in the EU and a determination of which architecture gives the greatest reduction in EU fossil electricity’s cost advantage. The paper also examines the positive (Protocol is an EU treaty) and negative (politics may not lead to a carbon minimizing architecture) consequences of the Protocol architecture having been chosen in the EU Annex I national capitals and in Brussels. Sorry, my paper was to have been included in the 2008 EWEC proceedings, but I had to complete some other work so I did not complete my paper by the deadline. It will soon be done. Attendees who would like a copy of my PowerPoint presentation can email me their request. I have a list of the attendees. Non-attendees can set up an appointment.
MY GHG Emissions Papers Will Help You Understand Global Warming. To download the abstracts for these papers go to MY GHG Emissions Papers Will Help You Understand Global Warming
If you would like to discuss Kyoto Protocol economics or wind economics, make an appointment. We can meet at my office in Chicago (at my western US "office" in Georgetown, CO or in Europe [till 15 April 2008]). To contact me go to My Contact Information
Older European Wind Plants
An Older Spanish Wind Plant (MW capacity unknown) Photo: Michael Kemma, Quixote's Giants, Study 8, Consuegra Spain, 1996 Source: Michael Kenna, A 30 Year Retrospective, June 23-August 26, 2005, Robert Mann Gallery http://www.robertmann.com/ 
An Older Dutch Wind Plant (Capacity Factor-% unknown) Monet's Zaan River at Zaandam (1871)
2006 Indian Summer USA  American (Illinois) Trees, "Indian Summer", Fall, 2006 Come to America, Hung our Trees, They need it!
16 April 2008  European Wind Energy Association
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