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Author: Charles A.S. Hall Publisher: Springer ISBN: 3319478214 Category : Business & Economics Languages : en Pages : 177
Book Description
This authoritative but highly accessible book presents the reader with a powerful framework for understanding the critical role of the energy return on investment (EROI) in the survival and well-being of individuals, ecosystems, businesses, economies and nations. Growth and development are fundamental and ubiquitous processes at all scales, from individuals to food crops to national economies. While we are all familiar with the concepts of economic growth and living standards as measured by gross domestic product (GDP), we often take for granted the energy use that underpins GDP and our expectations for year-on-year growth. In this book, you will learn how these measures of “progress” are completely dependent on the balance that can be achieved between energy costs (inputs) and gains. Nothing is made or moved without an energy surplus, and it is the EROI of available energy sources more than any other single factor that determines the shape of civilization. Nearly all politics and economics assume that policy and market forces are the levers upon which future outcomes will hinge. However, this book presents many examples of historical and current events that can be explained much more clearly from an energetic perspective. In addition, a future scenario is developed that gives a central place to EROI in assessing the potential of governmental and private initiatives to substitute so-called renewable energy sources for diminishing stocks of fossil fuels. When cheap fossil fuels are no longer available in the abundance needed to mask economic problems and power business as usual, it will be EROI more than the plethora of “green” technologies that creates the boundary conditions for a sustainable future.
Author: Charles A.S. Hall Publisher: Springer ISBN: 3319478214 Category : Business & Economics Languages : en Pages : 177
Book Description
This authoritative but highly accessible book presents the reader with a powerful framework for understanding the critical role of the energy return on investment (EROI) in the survival and well-being of individuals, ecosystems, businesses, economies and nations. Growth and development are fundamental and ubiquitous processes at all scales, from individuals to food crops to national economies. While we are all familiar with the concepts of economic growth and living standards as measured by gross domestic product (GDP), we often take for granted the energy use that underpins GDP and our expectations for year-on-year growth. In this book, you will learn how these measures of “progress” are completely dependent on the balance that can be achieved between energy costs (inputs) and gains. Nothing is made or moved without an energy surplus, and it is the EROI of available energy sources more than any other single factor that determines the shape of civilization. Nearly all politics and economics assume that policy and market forces are the levers upon which future outcomes will hinge. However, this book presents many examples of historical and current events that can be explained much more clearly from an energetic perspective. In addition, a future scenario is developed that gives a central place to EROI in assessing the potential of governmental and private initiatives to substitute so-called renewable energy sources for diminishing stocks of fossil fuels. When cheap fossil fuels are no longer available in the abundance needed to mask economic problems and power business as usual, it will be EROI more than the plethora of “green” technologies that creates the boundary conditions for a sustainable future.
Author: Rigo Melgar Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Energy return on investment (EROI) is a biophysical and ecological economics concept that is useful to think about how organisms, ecosystems and societies must obtain enough surplus energy returned from energy gathering activities to live, reproduce, and thrive. EROI can help us overcome the false dualism between nature and society. EROI is a useful metric for economics because it is based on immutable physical laws rather than sometimes arbitrary human preferences. It is essential for assessing useful power, energy trade-offs, efficiencies (and inefficiencies), resource depletion trends, resource quality, and surplus potentials of different fuels and technologies that power, or might power, our socio-economic systems. Apparent inconsistencies in the literature can generally be reduced or eliminated by paying careful attention and explicitly stating boundaries and definitions. We argue that proper use of EROI is critical to understand the interconnections among the environment, energy, and socio-economic development, and inform future energy transitions.
Author: Pedro A. Prieto Publisher: Springer Science & Business Media ISBN: 1441994378 Category : Technology & Engineering Languages : en Pages : 142
Book Description
The Energy Return on Energy Invested (EROI or EROEI) is the amount of energy acquired from a particular energy source divided by the energy expended, or invested, in obtaining that energy. EROI is an essential and seemingly simple measure of the usable energy or “energy profit” from the exploitation of an energy source, but it is not so easy to determine all of the energy expenditures that should be included in the calculation. Because EROI values are generally low for renewable energy sources, differences in these estimates can lead to sharply divergent conclusions about the viability of these energy technologies. This book presents the first complete energy analysis of a large-scale, real-world deployment of photovoltaic (PV) collection systems representing 3.5 GW of installed, grid-connected solar plants in Spain. The analysis includes all of the factors that limit and adjust the real electricity output through one full-year cycle, and all of the fossil fuel inputs required to achieve these results. The authors’ comprehensive analysis of energy inputs, which assigns energy cost estimates to all financial expenditures, yields EROI values that are less than half of those claimed by other investigators and by the solar industry. Sensitivity analysis is used to test various assumptions in deriving these EROI estimates. The results imply that the EROI of current, large-scale PV systems may be too low to seamlessly support an energy and economic transition away from fossil fuels. Given the pervasiveness of fossil fuel subsidies in the modern economy, a key conclusion is that all components of the system that brings solar power to the consumer, from manufacturing to product maintenance and life cycle, must be improved in terms of energy efficiency. The materials science of solar conversion efficiency is only one such component. Sunny Spain represented an ideal case study as the country had the highest penetration of solar PV energy at 2.3 percent of total national demand as well as state-of-the-art expertise in solar power including grid management of intermittent, modern renewable systems. This book, written by a uniquely qualified author team consisting of the chief engineer for several major photovoltaic projects in Spain and the world’s leading expert on the concept and application of EROI, provides a comprehensive understanding of the net energy available to society from energy sources in general and from functioning PV installations under real-world conditions in particular. The authors provide critical insight into the capacity of renewable energy sources to fill the foreseeable gap between world energy demand and depletion rates for fossil fuels. · Presents the first comprehensive study of the EROI of large-scale solar PV systems in a developed country · Uses real-world operational data rather than laboratory approximations and extrapolations · Describes the dependence of one alternative energy source on the goods and services of a fossil-fueled economy · Has global implications for the potential of renewable energy sources to replace dwindling reserves of fossil fuels · Written with the first-hand knowledge of the chief, on-site engineer for many solar installations in Spain together with the leader in the development and application of the concept of EROI
Author: Charles A.S. Hall Publisher: Springer ISBN: 3319662198 Category : Business & Economics Languages : en Pages : 507
Book Description
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.
Author: Miodrag Zlatic Publisher: BoD – Books on Demand ISBN: 9535121758 Category : Technology & Engineering Languages : en Pages : 290
Book Description
Forests are the dominant terrestrial ecosystem of Earth. They are distributed across the globe. Forests account for 75% of the gross primary productivity of the Earth's biosphere, and contain 80% of the Earth's plant biomass. Human society and forests influence each other in both positive and negative ways. Forests provide ecosystem services to humans. Forests can also impose costs, affect people's health, and interfere with tourist enjoyment. This publication presents reviews and research results on negative and positive human interference on forests, as well as ecology, management, governance, policy and economic issues. The book consists of four sections with 12 chapters derived from around the world.
Author: Anna Szujo Publisher: GRIN Verlag ISBN: 3346382192 Category : Science Languages : en Pages : 26
Book Description
Seminar paper from the year 2016 in the subject Engineering - Power Engineering, grade: 1,0, Technical University of Munich (Department of Electrical and Computer Engineering), course: Advanced Seminar on Renewable and Sustainable Energy Systems, language: English, abstract: This paper is about the energy return of investment. Energy has a significant impact on economic growth and is a key driver for the wellbeing of a society. The less a society has to spend on energy, the more remains for consumption and discretionary spending that is directly translated into economic growth. This impact can be assessed with the help of the net energy analysis that makes use of the concept of EROI. The Energy Return On Investment is the ratio of the quantity of energy delivered to the quantity of energy consumed in a given process. Thus, this metric serves to measure the accessibility of a resource, meaning that the higher the EROI, the greater the amount of net energy delivered to society in order to support economic growth. This goes hand in hand with the finding that there is a minimum level of EROI that has to be reached, otherwise economic growth cannot be possible. Given that net energy analysis is going to be one of the most fundamental concepts in academic and policy discussion in view of the future of the energy mix there is still a clear need for a standardized and independent framework to calculate EROI.
Author: Christian Hürlimann Publisher: Springer ISBN: 3658274697 Category : Business & Economics Languages : en Pages : 434
Book Description
In this book, Christian Hürlimann examines valuation methods and their application in the context of managerial finance within renewable energy investments. Besides a review of classical finance models, the application of other contemporary techniques are discussed. Based on a mixed-methods approach, current practices in performing valuation are empirically analyzed among German and Swiss investors. The developed concepts provide practitioners tools to define equity value drivers, consider risk treatments and value investments along the two dimensions of value creation and value protection.
Author: Alice J. Friedemann Publisher: Springer Nature ISBN: 3030703355 Category : Technology & Engineering Languages : en Pages : 205
Book Description
This book is a reality check of where energy will come from in the future. Today, our economy is utterly dependent on fossil fuels. They are essential to transportation, manufacturing, farming, electricity, and to make fertilizers, cement, steel, roads, cars, and half a million other products. One day, sooner or later, fossil fuels will no longer be abundant and affordable. Inevitably, one day, global oil production will decline. That time may be nearer than we realize. Some experts predict oil shortages as soon as 2022 to 2030. What then are our options for replacing the fossil fuels that turn the great wheel of civilization? Surveying the arsenal of alternatives – wind, solar, hydrogen, geothermal, nuclear, batteries, catenary systems, fusion, methane hydrates, power2gas, wave, tidal power and biomass – this book examines whether they can replace or supplement fossil fuels. The book also looks at substitute energy sources from the standpoint of the energy users. Manufacturing, which uses half of fossil fuels, often requires very high heat, which in many cases electricity can't provide. Industry uses fossil fuels as a feedstock for countless products, and must find substitutes. And, as detailed in the author's previous book, "When Trucks Stop Running: Energy and the Future of Transportation," ships, locomotives, and heavy-duty trucks are fueled by diesel. What can replace diesel? Taking off the rose-colored glasses, author Alice Friedemann analyzes our options. What alternatives should we deploy right now? Which technologies merit further research and development? Which are mere wishful thinking that, upon careful scrutiny, dematerialize before our eyes? Fossil fuels have allowed billions of us to live like kings. Fueled by oil, coal, and natural gas, we changed the equation constraining the carrying capacity of our planet. As fossil fuels peak and then decline, will we fall back to Earth? Are there viable alternatives?
Author: Jessica G. Lambert Publisher: Springer ISBN: 9783319029450 Category : Business & Economics Languages : en Pages : 120
Book Description
This book describes the essential concepts and tools needed to analyze the quantity and quality of energy resources available to both developed and developing nations. Although economists regard energy as just another marketable commodity, the energy return on investment (EROI) underpins all societal functions, and is a major determinant of economic status and the potential of any development scenario. In addition to a summary of the various approaches that have been used to derive EROI, this book will review existing studies as applied to various energy sources, including, where possible, time series analysis. Particularly new is an assessment of some 76 countries with respect to the relation of various energy indices to a number of well-accepted indices of social well-being. The book concludes with policy recommendations as governments and development agencies attempt to wrestle with changing quantity and quality of energy available globally and the resulting economic impacts. Energy Return on Investment is required reading for: Energy analysts and technologists Economists and others who want a better understanding of the ubiquitous role of energy in society National and regional level decision-makers who are concerned with how to generate effective development in a changing world National and International companies working in developing countries Urban and Regional Planners. The report contained herein was commissioned by the United Kingdom’s Department for International Development (DFID) and developed by the State University of New York College of Environmental Science and Forestry (SUNY-ESF).
Author: Amory Lovins Publisher: Chelsea Green Publishing ISBN: 1603583726 Category : Business & Economics Languages : en Pages : 4
Book Description
Imagine fuel without fear. No climate change. No oil spills, no dead coalminers, no dirty air, no devastated lands, no lost wildlife. No energy poverty. No oil-fed wars, tyrannies, or terrorists. No leaking nuclear wastes or spreading nuclear weapons. Nothing to run out. Nothing to cut off. Nothing to worry about. Just energy abundance, benign and affordable, for all, forever. That richer, fairer, cooler, safer world is possible, practical, even profitable-because saving and replacing fossil fuels now works better and costs no more than buying and burning them. Reinventing Fire shows how business-motivated by profit, supported by civil society, sped by smart policy-can get the US completely off oil and coal by 2050, and later beyond natural gas as well. Authored by a world leader on energy and innovation, the book maps a robust path for integrating real, here-and-now, comprehensive energy solutions in four industries-transportation, buildings, electricity, and manufacturing-melding radically efficient energy use with reliable, secure, renewable energy supplies.Popular in tone and rooted in applied hope, Reinventing Fire shows how smart businesses are creating a potent, global, market-driven, and explosively growing movement to defossilize fuels. It points readers to trillions in savings over the next 40 years, and trillions more in new business opportunities.Whether you care most about national security, or jobs and competitive advantage, or climate and environment, this major contribution by world leaders in energy innovation offers startling innovations will support your values, inspire your support, and transform your sense of possibility.Pragmatic citizens today are more interested in outcomes than motives. Reinventing Fire answers this trans-ideological call. Whether you care most about national security, or jobs and competitive advantage, or climate and environment, its startling innovations will support your values, inspire your support, and transform your sense of possibility.