Energy Economics

Question 1

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

Answer 1

Energy economics

Question 2

is the application of economics to energy
issues

Answer 2

Energy economics

Question 3

Central concerns in energy economics

Answer 3

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

Question 4

Future energy needs by Regions

Answer 4

Non-OECD

Question 5

OECD means

Answer 5

Organization for Economic Cooperation and Development

Question 6

Future energy needs by primary use

Answer 6

Power generation, Industry, Other, Transport

Question 7

Future energy needs by fuel

Answer 7

Renewable , Coal, gas, oil

Question 8

is a vital factor
to provide life sustainability.

Answer 8

Efficient usage of energy resources

Question 9

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

Answer 9

Energy efficiency

Question 10

Improvements in energy efficiency are generally achieved by adopting a

Answer 10

more efficient technology or production process

Question 11

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

Answer 11

Insulating a home

Question 12

Alternative to incandescent light bulbls

Answer 12

fluorescent lights, LED lights or natural skylights

Question 13

have the highest level of energy loss

Answer 13

Buildings

Question 14

Energy efficiency gains (1990-2010) of residential

Answer 14

▪ 36%
▪ $9.0 billion savings

Question 15

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

Answer 15

▪30%
▪$5.6 billion savings

Question 16

Energy efficiency gains (1990-2010) of transportation

Answer 16

▪24%
▪$8.2 billion savings

Question 17

Energy efficiency gains (1990-2010) of industrial

Answer 17

▪20%
▪$6.1 billion savings

Question 18

Highest projected 2035 global energy demand by source

Answer 18

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

Question 19

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

Answer 19

energy availability

Question 20

Energy availability should be evaluated in

Answer 20

Likely-Developable Locations.

Question 21

Energy availability of Renewable sources in Global Availability

Answer 21

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

Question 22

Highest total global availability energy source (trillion watts)

Answer 22

Solar Photovoltaic, 6500

Question 23

Highest availability in likely-developable locations

Answer 23

Solar photovoltaic, 340

Question 24

Lowest availability in likely-developable locations

Answer 24

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

Question 25

Lowest total global availability energy source (trillion watts)

Answer 25

Hydroelectric, 1.9

Question 26

convert sunlight directly into electricity

Answer 26

Solar Photovoltaic cells

Question 27

Solar PVs are sold on

Answer 27

a $/ Wp basis or $/power

Question 28

What is Wp

Answer 28

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.

Question 29

Electricity (energy) is normally billed

Answer 29

$/kW-hr

Question 30

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

Answer 30

cheaper

Question 31

A typical American uses

Answer 31

~ 9,000 kW-hrs/year

Question 32

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

Answer 32

4kW-5kW

Question 33

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

Answer 33

$5/Wp to $10/Wp

Question 34

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

Answer 34

2004,930MW, 62

Question 35

Consolidated world production of PV is now

Answer 35

1.15GW+

Question 36

Country with highest world PV module Production

Answer 36

Japan

Question 37

Country with highest public energy R&D investment

Answer 37

United States

Question 38

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

Answer 38

UK

Question 39

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

Answer 39

Japan