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Thermal Insulation of Apartment Buildings: Decision-making Process and Effect on Energy Savings
Častorálová, Lucie ; Ščasný, Milan (advisor) ; Chytilová, Julie (referee)
Thermal Insulation of Apartment Buildings: Decision-making Process and Effect on Energy Savings Abstract In order to lower the emissions of green-house gases it is necessary to explore the wide range of the energy efficiency options. This thesis attempts to analyse the effect of thermal insulation installed in the multi-family apartment buildings during the period of 2006-2012 in the Czech Republic. We also investigate whether providing governmental funding further improves energy performance of the insulated apartment buildings. In addition, we examine the collective decision-making processes of members of the multi-family apartment building associations, including their attitudes towards thermal insulation of their houses. The basis of this thesis is the econometric panel data model (with 45 apartment buildings and their energy consumption before and after the insulation) evaluated by the fixed effects method with cluster confirming that the insulation, investments and public funding had all significant and negative impact on the energy consumption in the buildings, when energy consumption was adjusted for weather conditions. After the analysis it was concluded that the more the owners invest in thermal insulation, the more they will save in the long run. The governmental funding led to even greater...
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Thermal Insulation of Apartment Buildings: Decision-making Process and Effect on Energy Savings
Častorálová, Lucie ; Ščasný, Milan (advisor) ; Chytilová, Julie (referee)
Thermal Insulation of Apartment Buildings: Decision-making Process and Effect on Energy Savings Abstract In order to lower the emissions of green-house gases it is necessary to explore the wide range of the energy efficiency options. This thesis attempts to analyse the effect of thermal insulation installed in the multi-family apartment buildings during the period of 2006-2012 in the Czech Republic. We also investigate whether providing governmental funding further improves energy performance of the insulated apartment buildings. In addition, we examine the collective decision-making processes of members of the multi-family apartment building associations, including their attitudes towards thermal insulation of their houses. The basis of this thesis is the econometric panel data model (with 45 apartment buildings and their energy consumption before and after the insulation) evaluated by the fixed effects method with cluster confirming that the insulation, investments and public funding had all significant and negative impact on the energy consumption in the buildings, when energy consumption was adjusted for weather conditions. After the analysis it was concluded that the more the owners invest in thermal insulation, the more they will save in the long run. The governmental funding led to even greater...
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Weather Derivatives as Alternative Risk Solution
Krupová, Tereza ; Daňhel, Jaroslav (advisor) ; Kiovský, Tomáš (referee)
Thesis deals with weather derivatives and their position within other financial instruments. It is divided into five main parts. The aim of the first part is to describe the basic mechanism and hallmarks of derivatives as a part of financial market. Also a brief history of weather derivatives is charted. The second chapter is focused on risk and fundamental risk factors and approaches. The weather risk management is presented. The third part discuses weather risk as special kind of risk. This part analyzes the impact of weather on the economy. The differences between weather derivatives and insurance are highlighted. The fourth chapter presents the weather derivatives from the users' points of view; it describes weather derivatives' structure and usage, main underlying indices and also looks on the pricing issues. In the final part the current situation and the possible future evolution of weather derivatives is presented. This part also includes information about the main organizations dealing with either weather management or derivatives.
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