Economic and CO2 Emission Benefits of a Solar Powered Electric Vehicle Charging Station for Workplaces in the Netherlands

The paper analyses the economic and environmental benefits of charging electric vehicles (EV) at workplaces in the Netherlands using photovoltaic panels (PV). A 10kW EV-PV charging system is used to charge the electric cars directly from photovoltaic panels. The cost of using a gasoline vehicle is compared with that of an electric vehicle that...

Path Dependence in Financing Urban Infrastructure Development in China: 1949–2016

In the past few decades, urban infrastructures in China have seen an enormous upgrade, and due to large-scale urbanization many more investments are due in the coming years. In order to supplement public funding, Public Private Partnerships (PPP) and municipal bonds have recently grown popular in China. The introduction of this new policy does...

Funding sustainable cities: A comparative study of Sino-Singapore Tianjin Eco-City and Shenzhen International Low-Carbon City

China has gone through a rapid process of urbanization, but this has come along with serious environmental problems. Therefore, it has started to develop various eco-cities, low-carbon cities, and other types of sustainable cities. The massive launch of these sustainable initiatives, as well as the higher cost of these projects, requires the...

Funding Sustainable Cities in China

Currently, more and more people live in cities, and this leads to an enormous increase in global GHG emissions. Cities are blamed for the cause of environmental problems. Therefore, countries over the world aim to approach these problems by launching sustainable city programs. On April 22, 2016, China signed the Paris Agreement at the United...

Tests for the Weights of the Global Minimum Variance Portfolio in a High-Dimensional Setting

In this paper, we construct two tests for the weights of the global minimum variance portfolio (GMVP) in a high-dimensional setting, namely, when the number of assets p depends on the sample size n such that p/n → c ϵ (0, 1) as n tends to infinity. In the case of a singular covariance matrix with rank equal to q we assume that q/n → c ϵ (0, 1...

Assessing Responsible Research and Innovation (RRI) systems in the digital age

Recent disruptions caused by the digital age and increasing calls for Responsible Research and Innovation have overturned supposed certainties of how to assess research and innovation. This paper shows that: (1) Responsible Research and Innovation requires a system approach; and (2) digital transformation brings additional complications and...

Oil Spaces: Exploring the Global Petroleumscape

Oil Spaces traces petroleum’s impact through a range of territories from across the world, showing how industrially drilled petroleum and its refined products have played a major role in transforming the built environment in ways that are often not visible or recognized. Over the past century and a half, industrially drilled petroleum has...

Statistical Inference for the Expected Utility Portfolio in High Dimensions

In this paper, using the shrinkage-based approach for portfolio weights and modern results from random matrix theory we construct an effective procedure for testing the efficiency of the expected utility (EU) portfolio and discuss the asymptotic behavior of the proposed test statistic under the high-dimensional asymptotic regime, namely when...

Multi-period power utility optimization under stock return predictability

In this paper, we derive an analytical solution to the dynamic optimal portfolio choice problem in the case of an investor equipped with a power utility function of wealth. The results are established by solving the Bellman backward recursion under the assumption that the vector of asset returns follows a vector-autoregressive process with...

Financing “climate-proof” housing? The premises and pitfalls of PACE finance in Florida

Amidst growing concerns about climate risks to the U.S. housing markets, strategies to physically retrofit homes are gaining attention—including within debates over how to resolve intersecting crises of housing re/insurability and affordability in highly exposed sites like Florida. We consider an important but under-studied example of this ...

Interrupted rhythms and uncertain futures: Mortgage finance and the (spatio-) temporalities of climate breakdown

As intensifying climate-related disasters strike cities across the United States, they are provoking rising concern for the stability of the U.S. housing market and broader financial system. How homeowners, mortgage lenders, federal institutions/regulators, and investors will variously encounter and manage climate risk is an urgent question...