Energy Economics Flashcards
1
Q
What are the characteristics of energy good?
A
Limited resource
Standard good
Public good
Strategic good
2
Q
Why is energy a strategic good?
A
Enable transport, mobility, logistic and international good. Also useful during war
3
Q
Why is renewable energy is a limited resource?
A
Land availability
4
Q
Explain the utility of the Hubbert curve
A
Determine peak oil and resources depletion (resources are consuming faster than their regeneration), useful to implement policy for transition toward renewable, managing resource scarsity & costs and focus on renewable energy development
5
Q
Why is gas transportation is costly than the one of LNG?
A
Gas is expensive to export compare to LNG because LNG is a liquid and the current technology (pipe, truck) are more suitable for liquids
