Chapter 1 Flashcards

1
Q

energy services

A

what consumers want from the energy system - hot showers, cold beers, lit rooms, spinning shafts

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2
Q

GDP

A

Gross Domestic Product. A measure of the production of a society, calculated by adding up all G&S produced in a country in a given period.

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3
Q

ceteris paribus

A

all things being equal

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4
Q

population momentum effect

A

causes the age distribution in a currently fast-growing popln to be disproportionately young (happens in many poor and developing nations). Younger poplns continue to reproduce faster than older poplns, until natural death rate = fertility rate.

(can also occur in opposite direction with declining popln and disproportionately old popln – Japan)

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5
Q

energy intensity

A

E/GDP

energy per unit of GDP
global average energy intensity has been FALLING worldwide for decades (idea 1: we are getting more “efficient” in our energy use over time OR idea 2: structure of global economy is evolving to include increasing levels of svcs and knowledge)

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6
Q

energy productivity

A

GDP/E

GDP as a fxn of energy - often used as a measure of comparative productivity across countries.

can be misleading b/c differences in:

  1. structure of economy and relative proportion of GDP from manufacturing vs. service sectors
  2. which goods are primarily manufactured
  3. weather
  4. availability of local energy resources
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7
Q

IPAT Framework

A

I=PAT
Impact = Population * Affluence * Technology

impact = can measure almost any aspect of the resource absorption or effects, often used to measure the env impact of society’s industrial choices

suggests that impact of energy resource choices across a fixed popln will have to come through either dramatically improved technology or a loss of affluence

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8
Q

positive analysis

A

fact-based and objective

what is

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9
Q

normative analysis

A

subjective and value based

what ought to be

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10
Q

system

A

a model constructed by weaving together a number of individual relationships into a comprehensive whole

set of relationships, feedback mechanisms, and transformations that must be mutually satisfied.

relationships are dynamic and changing, can alter nature of the system itself over time

main components of energy system: energy supply chain, economy, ecosystem (Nat. Resource Systems)

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11
Q

open vs. closed system

A

open system is continually influenced, informed, or constrained by activities of elements outside the system WHEREAS closed system receives its endowments at the time it’s set up and is isolated from outside influences.

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12
Q

nested system

A

when one system fits inside another, both of which fit inside a third

systems of energy supply chain, macroeconomy, and ecosystem nest inside of each other

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13
Q

marginal analysis

A

simplifies a relationship to a few variables that can be analyzed by holding all other variables constant.

Marginal Analysis: static, local, ceteris paribus, individual actor, better for micro-analysis

Systems Thinking: dynamic, global, all variables can change, many actors, best for complex interactions

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14
Q

model

A

constructed representations of how some elements of the world operation

an abstraction of reality

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15
Q

leverage points

A

SYSTEMS DYNAMICS
because systems are interconnected, any point can be affected by many others.

not all will have an equal effect since strength of transformations may vary

identifying where small efforts in one part of the system create major change in other parts of the system allows for the observation of leverage points

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16
Q

non-linearities

A

SYSTEMS DYNAMICS
dramatic change can happen in non-linear ways

often, systems can maintain themselves until certain thresholds are reaches and then system dynamics can alter the behavior to a very different mode (fisheries example)

17
Q

invisible hand

A

describes the optimal societal result that occurs from the dynamic where all people are trying to optimize their individual outcomes even w/o the need for external governance/intervention

18
Q

innovation

A

constrains compel people to invention and creativity to create additional advantages (ie more profit or less cost).

19
Q

scarcity

A

implies that our needs/wants will always be greater than our ability to get them from resources at hand.

scarcity forces people to make allocation decisions with their limited resources. people will try to get the most benefit for each unit of the scare resources they have to work with

20
Q

depletion

A

delption of resources, capacity, value, or opportunity: behavior whereby we minimize costs first but that uses up a scarce opportunity that may not be readily replaced or renewed

21
Q

constrained optimization

A

shows the relationship b/w objectives and constraints. an actor trying to find the “best solution” must do so within the limits imposed by some number of exogenous constraints

example: guns versus butter tradeoff. economy can only produce 2 goods and has a fixed amount of resources they can use to divide among production.

22
Q

sustainability

A

stakeholders in the sustainability debate: social equity, environmental stewardship, economic growth.