Download or read book The Economics of Energy and the Production Process written by Guido Buenstorf and published by Edward Elgar Publishing. This book was released on 2004-03-25 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Guido Buenstorf's book is a splendid attempt to break new ground in the theory of production. Turning away from the ever more abstract - and theoretically empty - production function approach, he shows how changing physical constraints in the utilisation of energy systematically affect production processes in the economy. With his analysis the author challenges the value based approach to production. He outlines the contours of a richer theory, which is capable of accounting for physical and technological aspects without losing sight of their economic implications.' - Ulrich Witt, Max Planck Institute for Research into Economic Systems, Germany 'This book makes a fundamental contribution to economics, in that it deals with production theory from a perspective that integrates economics with engineering and science. It represents a far more realistic interpretation than the standard neoclassical approach and will act as a stimulus for further research in this area.' - Robert U. Ayres, INSEAD, France The economics of energy has been a contested issue over the past century. Although it has not figured prominently in mainstream economics, numerous alternative proposals have called for energy to play a more central role in economic theory. In this highly original and enlightening volume, Guido Buenstorf develops a new conceptual approach to the economics of energy which originates from recent advances in evolutionary economics.
Download or read book Energy and Resource Quality written by Charles A. S. Hall and published by . This book was released on 1992 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Second Law of Economics written by Reiner Kümmel and published by Springer Science & Business Media. This book was released on 2011-06-24 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nothing happens in the world without energy conversion and entropy production. These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial economies and wealth production, or their constant companion, pollution? Does economics conform to the First and the Second Law of Thermodynamics? In this important book, Reiner Kümmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution. Analyzing economic growth in Germany, Japan, and the United States in light of technological constraints on capital, labor, and energy, Professor Kümmel upends conventional economic wisdom by showing that the productive power of energy far outweighs its small share of costs, while for labor just the opposite is true. Wealth creation by energy conversion is accompanied and limited by polluting emissions that are coupled to entropy production. These facts constitute the Second Law of Economics. They take on unprecedented importance in a world that is facing peak oil, debt-driven economic turmoil, and threats from pollution and climate change. They complement the First Law of Economics: Wealth is allocated on markets, and the legal framework determines the outcome. By applying the First and Second Law we understand the true origins of wealth production, the issues that imperil the goal of sustainable development, and the technological options that are compatible both with this goal and with natural laws. The critical role of energy and entropy in the productive sectors of the economy must be realized if we are to create a road map that avoids a Dark Age of shrinking natural resources, environmental degradation, and increasing social tensions.
Download or read book Energy and Economic Myths written by Nicholas Georgescu-Roegen and published by Elsevier. This book was released on 2014-05-18 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy and Economic Myths: Institutional and Analytical Economic Essays is a collection of materials that deal with various issues and concerns in economics. The title aims to clarify the misconception in economics. The first part of the text deals with the issues in natural resources and the economics of production. Next, the selection tackles the problems in institutional economics. Part III covers the epistemological and methodological concerns in economics. The title also talks about economic theories. The book will be of great interest to economists and readers who want to enhance their understanding of economic concepts.
Download or read book A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies written by Walter Short and published by . This book was released on 2005 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies provides guidance on economic evaluation approaches, metrics, and levels of detail required, while offering a consistent basis on which analysts can perform analyses using standard assumptions and bases. It not only provides information on the primary economic measures used in economic analyses and the fundamentals of finance but also provides guidance focused on the special considerations required in the economic evaluation of energy efficiency and renewable energy systems.
Download or read book Revisiting the Energy Development Link written by Kostas Bithas and published by Springer. This book was released on 2015-12-12 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unravelling the intricate relationship between economic development and energy consumption, this book proposes an innovative framework for the empirical investigation of the link between the economy and natural resources. It proposes a novel set of indicators to shed light on those aspects of the economic process and development that determine their requirements in terms of natural resources. Employing updated databases, this book presents tables and diagrams to compare the conventional and the new estimates of the linkage between energy and economic development (Energy Intensity) throughout the world, over the last 100 years. Whereas estimates based on the established framework for evaluating the link between energy resources and the economy indicate a strong decoupling trend, the new indicators follow substantially different paths which suggest a strong coupling between economic growth and energy use. These differences -which call into question the prevailing opinion of decoupling- are fundamental for the prospects of sustainability. This book provides a valuable resource for economists, energy and environmental analysts, natural resource managers and policy makers. It is also intended for students of ecological economics, sustainability studies, natural resource and energy economics.
Download or read book Energy and the Wealth of Nations written by Charles A.S. Hall and published by Springer. This book was released on 2018-03-05 with total page 507 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this updated edition of a groundbreaking text, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, and the interaction of internal limits to growth found in the investment process and rising inequality with the biophysical limits posed by finite energy resources. The authors focus attention on the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the high cost and relatively low EROI of finding and exploiting new oil fields, including the much ballyhooed shale plays and oil sands, and whether alternative energy technologies such as wind and solar power can meet the minimum EROI requirements needed to run society as we know it. For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers. In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again. In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics. As we enter the second half of the age of oil, when energy supplies and the environmental impacts of energy production and consumption are likely to constrain economic growth, this exemption should be considered illusory at best. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, empirical, and unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society.
Download or read book Econodynamics written by Vladimir N. Pokrovskii and published by Springer Science & Business Media. This book was released on 2011-10-01 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book the theory of social production is systematically formulated in terms and concepts of classical political economy and neo-classical economics. In this way the subject becomes accessible not only to professional researchers in areas of the theory of production and economic growth, but also to the educated reader who is curious about the principles behind the functioning of a national economy. The book can be considered as an introduction for students with a background in physics, chemistry and engineering, who wish to specialize in economics. It is explained how the growth of production is connected with achievements in technological consumption of labour and energy. The theory allows one to analyse the past and the present of the social production system and to build scripts of the future progress. The book could be interesting for energy specialists who are engaged in planning and analysing production and consumption of energy carriers and determining energy policy, and for economists who want to know how energy and technology are affecting economic growth.
Download or read book Energy and Time in the Economic and Physical Sciences written by W. van Gool and published by North Holland. This book was released on 1985 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Fossil Fuel Revolution written by Daniel J. Soeder and published by Elsevier. This book was released on 2019-08-06 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fossil Fuel Revolution: Shale Gas and Tight Oil describes the remarkable new energy resources being obtained from shale gas and tight oil through a combination of directional drilling and staged hydraulic fracturing, opening up substantial new energy reserves for the 21st Century. The book includes the history of shale gas development, the technology used to economically recover hydrocarbons, and descriptions of the ten primary shale gas resources of the United States. International shale resources, environmental concerns, and policy issues are also addressed. This book is intended as a reference on shale gas and tight oil for industry members, undergraduate and graduate students, engineers and geoscientists. - Provides a cross-cutting view of shale gas and tight oil in the context of geology, petroleum engineering, and the practical aspects of production - Includes a comprehensive description of productive and prospective shales in one book, allowing readers to compare and contrast production from different shale plays - Addresses environmental and policy issues and compares alternative energy resources in terms of economics and sustainability - Features an extensive resource list of peer-reviewed references, websites, and journals provided at the end of each chapter
Download or read book Economic Development and the Environmental Ecosystem written by Hasan Dincer and published by Springer Nature. This book was released on 2023-04-17 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume illustrates the relationship between environmental factors and economic development of countries from various angles. Global warming has become a problem that threatens the whole world, especially in recent years. It is known that the main reason for this is carbon emissions. On the other hand, carbon emissions generally consist of fossil fuel-based energy consumption. This situation creates very serious environmental problems. Because of this problem, the concept of carbon zero has become very popular, especially in recent years. Many countries take some actions to minimize carbon emissions. Especially in the coming years, carbon emissions will become a competitive factor for countries and businesses. In this respect, countries with low carbon emissions will be preferred more in foreign trade. In addition, businesses that do not generate carbon emissions in the production process will also gain a significant competitive advantage in international trade. The contributions take a multidimensional outlook to energy investments and offer solutions for decision-making for energy projects in risky business ecosystems.
Download or read book A Thermo Economic Approach to Energy from Waste written by Anand Ramanathan and published by Elsevier. This book was released on 2021-10-26 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Thermo-Economic Approach to Energy From Waste provides readers with the tools to analyze the effectiveness of biomass waste conversion into value-added products and how thermochemical conversion methods can be commercialized with minimum environmental impact. The book provides a comprehensive overview of biomass conversion technologies through pyrolysis, including the types of reactors available, reactor mechanisms, and the upgradation of bio-oil. Case studies are provided on waste disposal in selected favelas (slums) of Rio de Janeiro, including data on subnormal clusters and analyses of solid waste in the 37 slums of Catumbi. Step-by-step guidance is provided on how to use a life cycle assessment (LCA) approach to analyze the potential impact of various waste-to-energy conversion technologies, and a brief overview of the common applications of LCA in other geographical locations is presented, including United States, Europe, China, and Brazil. Finally, waste-to-value-added functional catalysts for the transesterification process in biodiesel production are discussed alongside various other novel technologies for biodiesel production, process simulation, and techno-economic analysis of biodiesel production. Bringing together research and real-world case studies from an LCA perspective, the book provides an ideal reference for researchers and practitioners interested in waste-to-energy conversion, LCA, and the sustainable production of bioenergy. Presents an overview of the technologies for the production of biofuels from waste via pyrolysis and gasification Provides a guide to the utilization of LCA to assess the economic and environmental impact of value-added products Describes real-world case studies on the implementation of LCA in waste-to-energy scenarios
Download or read book Energy Economics written by Subhes C. Bhattacharyya and published by Springer Nature. This book was released on 2019-11-02 with total page 849 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an updated and expanded overview of basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues in the light of recent developments, such as the Paris Agreement, the UN Sustainable Development Goals and new technological developments in the production and use of energy. The new edition is divided into four parts covering concepts, issues, markets, and governance. Although the content has been thoroughly revised and rationalised to reflect the current state of knowledge, it retains the main features of the first edition, namely accessibility, research-informed presentation, and extensive use of charts, tables and worked examples. This easily accessible reference book allows readers to gain the skills required to understand and analyse complex energy issues from an economic perspective. It is a valuable resource for students and researchers in the field of energy economics, as well as interested readers with an interdisciplinary background.
Download or read book Energy Law and Economics written by Klaus Mathis and published by Springer. This book was released on 2018-04-19 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an edited volume for all readers who wish to gain an in-depth grasp of the economic analysis of recent developments in energy law and policy in Europe and the United States. In response to waning resources and heightened environmental awareness, many countries are now seeking to redefine their energy mix. Several energy sources are available: coal and oil, natural gas, and a variety of renewables. Yet which of them are capable of addressing core energy-related concerns? Reliability, security, affordability, fairness, and sustainability all have to be taken into account. Further, once a target mix has been identified, two challenges remain for legal scholars: what role does the law play in achieving a specified energy mix, and, how can the law best fulfill that role? The essential energy concerns are just as important in defining the way we shape our energy mix as they are in defining the mix itself. An example of current challenges in energy law and policy can be seen in the pursuit by the German and Swiss governments of the so-called “Energiewende” (energy transition). These policies are intended to enable the transition from a non-sustainable use of fossil and nuclear energy to a more sustainable approach based on renewable energies. On the one hand, the goal is to achieve a decarbonization of the energy economy by reducing the use of fossil energy sources such as petroleum, carbon and natural gas. On the other, and in response to the Fukushima nuclear accident, a phase out is intended to eliminate the dangers of nuclear technologies. Achieving these goals poses tremendous challenges for the two countries’ energy policies – partly because the energy transition will not only affect energy production, but also energy consumption. From a Law and Economics perspective, a number of questions arise: to what extent is it justifiable to rely on markets and continued technological innovation, especially with regard to the present exploitation of scarce resources? To what extent is it necessary for states to intervene in energy markets? Regulatory instruments are available to create and maintain more sustainable societies: command and control regulations, restraints, Pigovian taxes, emission certificates, nudging policies, and more. If regulation in a certain legal field is necessary, which policies and methods will most effectively spur the sustainable consumption and production of energy in order to protect the environment while mitigating any potential negative impacts on economic development? Do neoclassical and behavioural economics provide us with a suitable framework for predicting the market’s complex reactions to a changing energy policy? This book provides theoretical insights as well as empirical findings in order to answer these vital questions.
Download or read book Energy and the Wealth of Nations written by Charles A. S. Hall and published by Springer Science & Business Media. This book was released on 2011-10-27 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers. In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again. In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics. As we enter the second half of the age of oil, and as energy supplies and the environmental impacts of energy production and consumption become major issues on the world stage, this exemption appears illusory at best. In Energy and the Wealth of Nations, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the EROI for finding and exploiting new oil fields, and whether alternative energy technologies such as wind and solar power meet the minimum EROI requirements needed to run our society as we know it. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society.
Download or read book Energy Production and Management in the 21st Century written by E. R. Magaril and published by WIT Press. This book was released on 2014-04-23 with total page 1340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discussing the future of energy production and management in a changing world, this book contains the proceedings of the first international conference on Energy Production and Management in the 21st Century – The Quest for Sustainable Energy. Developed societies require an ever increasing amount of energy resources, which creates complex technological challenges. The idea is to compare conventional energy sources, particularly hydrocarbons, with a number of other ways of producing energy, emphasising new technological developments. The challenge in many cases is the conversion of new sources of energy into useful forms, while finding efficient ways of storing and distributing energy. Energy policies and management are of primary importance to achieving sustainability, and need to be consistent with recent advances made in energy production and distribution. The book will also discuss the energy use of industrial processes, including the imbedded energy contents of materials, particularly those in the built environment. Energy production, distribution and usage, result in environmental risks which need to be better understood. They are part of the energy economics and relate to human environmental health as well as ecosystems behaviour. Topics covered include: Energy production; Energy management; Energy policies; Energy and economic growth; Energy efficiency; Hydropower; Wind energy; Solar energy; Nuclear energy; Biomass and biofuels; Energy storage; Hydrocarbons; Gas production; Processing of oil and gas; Energy conversion; Energy savings; Energy in the built environment; Energy networks; Pipelines; Energy balance; Energy economics; Heat, pumping systems; Environmental risk; Safety management; Emissions; C-O2 separation and storage; Imbedded energy; Energy and transport; Energy use in industry; Energy transmission and distribution; Energy industry efficiency; Energy security; Training in energy and sustainability.
Download or read book The Economics of Energy Efficiency written by Steve Sorrell and published by Edward Elgar Publishing. This book was released on 2004 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines energy management practices within a wide range of public and private sector organisations.
