Axis NIFTY Bank ETF · NSE:BNKETFAXIS
Axis NIFTY Bank ETF — Technical Presentation (November 2014)
20 slides from Axis NIFTY Bank ETF's technical presentation, Nov 5, 2014
Slide 1: Energy Efficiency Indicators for Ukraine
Motivation Methodology Results Conclusions Energy Efficiency Indicators for Ukraine Borys Dodonov New Social & Economic Policy November 5, 2014 Borys Dodonov Energy Efficiency Indicators for Ukraine
Slide 2: Motivation for indicators development
Motivation Methodology Results Conclusions Motivation for indicators development “If you cannot measure it, you cannot improve it.” Lord Kelvin System Capital Management initiated and financed the project Ukrainian Energy Index in 2011-2013. It aimed at developing robust and meaningful energy effici
Slide 3: Instrument for effective energy policy
Motivation Methodology Results Conclusions Instrument for effective energy policy Estimate the potential energy saving after energy efficiency increase Set short and long-run energy efficiency targets Use for monitoring the progress towards determined targets Publication of the results should increa
Slide 4: Government program monitoring
Motivation Methodology Results Conclusions Government program monitoring Report on achievements in National Plan of Actions in 2013 Forming the energy efficient behavior of population Improvement in regulation of buildings’ energy efficiency Update the Energy Strategy till Ukraine till 2030 – refuse
Slide 5: Methodology of Ukrainian Energy Index
Motivation Methodology Results Conclusions Methodology of Ukrainian Energy Index Methodology is based on IEA’s method of energy consumption decomposition Accounts for changing the structure of the economy and business activity over time The data availability from SSSU constrained us to calculation o
Slide 6: Structure of energy consumption in Ukraine and the EU
Motivation Methodology Results Conclusions Figure 2: Structure of Figure 1: Structure of manufacturing energy energy consumption in consumption in Ukraine and Ukraine and the EU the EU 100% 90% 100% 80% 90% 70% 80% 60% 70% 60% 50% 50% 40% 40% 30% 30% 20% 20% 10% 10% 0% 0% EU Germany France Italy UK
Slide 7: Energy efficiency index
Motivation Methodology Results Conclusions Energy efficiency index The benchmark of the efficiency energy consumption is the correspondent energy intensity in the EU Hypothetically efficient consumption - intensity in each sector drops to the EU level Hypothetical energy saving i (HESi ) – differenc
Slide 8: Major factors affecting energy consumption
Motivation Methodology Results Conclusions Major factors affecting energy consumption Business activity – VA in the economy, population in residential sector, passenger and tonne-kilometers in transportation. VA in steel and cement industries weighted to crude steel and cement production Intensity –
Slide 9: Decomposition of energy consumption over time
Motivation Methodology Results Conclusions Decomposition of energy consumption over time ∆E = E2011 − E2010 = ∆A + ∆S + ∆I + ε, where ε residual term, the magnitude of which depends on decomposition method Method of decomposition in UEI 2013 – Log Mean Divisia I (recommended by IEA) Strong theoretic
Slide 10: Data
Motivation Methodology Results Conclusions Data Data on Ukraine – State Statistical Service of Ukraine Data on the EU – ODYSSEE data base (28 EU countries + Norway) Data for PPP calculation – The World Bank, OECD and ECB Borys Dodonov Energy Efficiency Indicators for Ukraine
Slide 11: Energy efficiency and real sector growth
Motivation Methodology Results Conclusions Energy efficiency and real sector growth Econometric method – difference–in–difference estimator Specification – Rajan and Zingales (AER 1998) growthij = constant+β1...k ∗Region Dummies+βk+1...m ∗Industry Dummies + βm+1 ∗ (Industry 0 s j 0 s share of manufa
Slide 12: Energy efficiency indicators for Ukraine in 2011
Motivation Methodology Results Conclusions Table 1: Energy efficiency indicators for Ukraine in 2011 Sector Energy intensity Energy intensity Energy efficiency in Ukraine in the EU indicator Ukraine 54% Agriculture 0.37 0.14 37% Industry 51% Mining 0.22 0.10 42.8% Manufacturing 52.2% Food&Tobacco 0.
Slide 13: Potential energy saving by sector in 2011
Motivation Methodology Results Conclusions Table 2: Potential energy saving by sector in 2011 Sector Potential Share in total energy saving, mtoe saving, % Industry 12.7 48% Residential 9,2 35% Services 2.4 9% Agriculture 1.5 6% Construction 0.5 2% Total 26.5 100% 26.5 mtoe =⇒ 29.3 bcm of natural ga
Slide 14: Decomposition of energy consumption change by sector
Motivation Methodology Results Conclusions Figure 3: Decomposition of energy consumption change by sector 3,500 3,000 2,500 2,000 1,500 Ktoe 1,000 500 0 -500 -1,000 -1,500 Ukraine Agriculture Mining Manufacturing Construction Services Residential Total change Structure effect Business activity effec
Slide 15: Decomposition of energy consumption change in industry
Motivation Methodology Results Conclusions Figure 4: Decomposition of energy consumption change in industry 1,500 1,000 500 Ktoe 0 -500 -1,000 Food Mining Paper, pulp Primary Chemical Non-metallic and printing metals minerals Total change Structure effect Business activity effect Intensity effect Bo
Slide 16: Decomposition of energy consumption change in railway transportation
Motivation Methodology Results Conclusions Figure 5: Decomposition of energy consumption change in railway transportation 60,000 40,000 Tonnes of oil equivalent 20,000 0 -20,000 -40,000 -60,000 Railways, toe Passenger railways Freight railways transportation, toe transportation, toe Change in consum
Slide 17: Energy efficiency and growth of the real sector
Motivation Methodology Results Conclusions Table 3: Energy efficiency and growth of the real sector, average growth rates Dependent variables – average growth rates of VA and capital expenditures in columns 1 & 2 respectively (logarithmic change) in 2007-2010 (1) (2) Industry j’s share of manufactur
Slide 18: Difference in energy efficiency in Donetsk and Dnipropetrovsk regions
Motivation Methodology Results Conclusions Table 4: Difference in energy efficiency in Donetsk and Dnepropertovsk regions and energy intensity in the EU Steel Food Difference in efficiency 11% 13% Intensity in the EU 1 0.13 =⇒ Steel industry in Donetsk region will grow 5.2% faster than in Dnipropetr
Slide 19: Conclusions
Motivation Methodology Results Conclusions In 2011 energy efficiency indicator for Ukraine increased by 0.6% compared to 2010 and reached 54.2% from the EU level Energy efficiency increased in agriculture, mining and manufacturing while in services and residential sector was reported its decline Pot
Slide 20: Contacts
Motivation Methodology Results Conclusions Contacts Thank you for attention! Borys Dodonov New Social and Economic Policy Email: bdodonov@gmail.com Phone: +380 99 501 83 20 Borys Dodonov Energy Efficiency Indicators for Ukraine
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