Fossil fuel has been the primary source of fuel ever since it was discovered and comes in the form of coal, petroleum and natural gas. Discovery of fossil fuel dates back to prehistoric time where caveman discovered how to burn coal for heat source. Coal which is also part of fossil fuel and is developed over millions of years can even extend up to 650 million years. With excessive usage of fos...

Due to rising oil price and environmental aspects, research on alternatives for petroleum based chemicals and fuels is growing in recent years. Biomass is one potential raw material for producing non-petroleum derived chemicals and fuels. Different catalysts and reaction steps are required to generate the same products in comparison with the petroleum based processes. One possible starting mate...

air pollution is an example of a negative externality; it imposes harmful effects and costs on people other than polluters. in controlling air pollution, efficiency argument implies that, there is a rolefor the government to play. studies show that taxation of fuels can be a powerful indirect instrumentfor controlling air polluticn because of the association between fuels use and emissions. in ...

Although CGE models have received heavy usage, they are often criticized as being insufficiently validated. Key parameters are often not econometrically estimated, and the performance of the model as a whole is rarely checked against historical outcomes. As a consequence, questions frequently arise as to how much faith one can put in CGE results. In this paper, we employ a novel approach to the...

It is a great honor to have this opportunity to speak to you today about Japan's current monetary policy. With the aim of achieving its 2 percent price stability target, the Bank of Japan (hereafter the Bank) adopted quantitative and qualitative monetary easing (QQE) in April 2013. QQE was expanded further in October 2014. This was because of the potential risk that a decline in the consumer pr...

Figure 1: MoS2 layered structure. As the world economy continues to expand the demand for petroleum based fuel increases and the price of these fuels rises. The rising price of fuel has another consequence: refiners tend to purchase cheaper fuels of poorer quality. These poor quality fuels contain increasing amounts of sulfur and other pollutants leading to a decline in air quality worldwide. A...