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Track Spec > Energy Economics > Flashcards

Energy Economics Flashcards

1
Q

broad scientific subject area
which includes topics related to supply and use of energy in
societies

A

Energy economics

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2
Q

is the application of economics to energy
issues

A

Energy economics

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3
Q

Central concerns in energy economics

A

supply and demand for each of the main fuels in
widespread use, competition among those fuels, the role
of public policy, and environmental impact

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4
Q

Future energy needs by Regions

A

Non-OECD

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5
Q

OECD means

A

Organization for Economic Cooperation and Development

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6
Q

Future energy needs by primary use

A

Power generation, Industry, Other, Transport

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7
Q

Future energy needs by fuel

A

Renewable , Coal, gas, oil

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8
Q

is a vital factor
to provide life sustainability.

A

Efficient usage of energy resources

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9
Q

is the goal to reduce the amount of energy required to provide products and services.

A

Energy efficiency

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10
Q

Improvements in energy efficiency are generally achieved by adopting a

A

more efficient technology or production process

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11
Q

a building to use less heating and
cooling energy to achieve and maintain a comfortable temperature

A

Insulating a home

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12
Q

Alternative to incandescent light bulbls

A

fluorescent lights, LED lights or natural skylights

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13
Q

have the highest level of energy loss

A

Buildings

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14
Q

Energy efficiency gains (1990-2010) of residential

A

▪ 36%
▪ $9.0 billion savings

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15
Q

Energy efficiency gains (1990-2010) of commercial/institution

A

▪30%
▪$5.6 billion savings

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16
Q

Energy efficiency gains (1990-2010) of transportation

A

▪24%
▪$8.2 billion savings

17
Q

Energy efficiency gains (1990-2010) of industrial

A

▪20%
▪$6.1 billion savings

18
Q

Highest projected 2035 global energy demand by source

A

Coal (29%), Oil (28%), Natural gas (22%), Nuclear (6%), Hydropower (3%), Non-hydro renewables (12%)

19
Q

Together with energy efficiency, another important factor in
energy economics is

A

energy availability

20
Q

Energy availability should be evaluated in

A

Likely-Developable Locations.

21
Q

Energy availability of Renewable sources in Global Availability

A

Wind - 1700
Wave >2.7
Geothermal - 45
Hydroelectric - 1.9
Tidal - 3.7
Solar photovoltaic - 6500
Concentrated solar power - 4600

22
Q

Highest total global availability energy source (trillion watts)

A

Solar Photovoltaic, 6500

23
Q

Highest availability in likely-developable locations

A

Solar photovoltaic, 340

24
Q

Lowest availability in likely-developable locations

A

Tidal - 0.02,
Geothermal, 0.07-0.14
Wave, 0.5

25
Q

Lowest total global availability energy source (trillion watts)

A

Hydroelectric, 1.9

26
Q

convert sunlight directly into electricity

A

Solar Photovoltaic cells

27
Q

Solar PVs are sold on

A

a $/ Wp basis or $/power

28
Q

What is Wp

A

Watts for Peak sun hours - the equivalent number of hours per day, with solar irradiance equaling 1,000 W/m2
, that gives the same energy received from sunrise to sundown.

29
Q

Electricity (energy) is normally billed

A

$/kW-hr

30
Q

the efficiency of these technologies gets
improved, while their production and installation become

A

cheaper

31
Q

A typical American uses

A

~ 9,000 kW-hrs/year

32
Q

A well-designed U.S. home needs _______of PV to provide for its energy needs averaged throughout the year

A

4kW-5kW

33
Q

The price tag for the complete installed system including all labor as of 2006 is
between _______

A

$5/Wp to $10/Wp

34
Q

World PV installation in ______ rose to ___ with a growth of ____%

A

2004,930MW, 62

35
Q

Consolidated world production of PV is now

A

1.15GW+

36
Q

Country with highest world PV module Production

A

Japan

37
Q

Country with highest public energy R&D investment

A

United States

38
Q

Countries with Highest Declining Energy Intensity in Industrial Economies, 1991-2008

A

UK

39
Q

Countries with LOWEST Declining Energy Intensity in Industrial Economies, 1991-2008

A

Japan

Track Spec (6 decks)

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