The Power Makers ’ Challenge: and the need for Fission Energy looks at why using only conventional renewable energy sources is not quite as simple as it seems. Following a general introduction to electricity and its distribution, the author quantifies the reductions needed in greenhouse gas emissions from the power sector in the face of ever increasing world demands for electricity. It provides some much needed background on the many energy sources available for producing electricity and discusses their advantages and limitations to meet both the emission reduction challenge and electricity demand.
By analyzing the three main groups of energy sources: renewable energy, fossil fuels and fission energy (nuclear power), readers can assess the ability of each group to meet the challenge of both reducing emissions and maintaining reliable supply at least cost. It is written for both non-technical and technical readers.
Without continued economic growth there will not be the extra output to fund loan interest payments, nor the revenue and profit growth to support share price/earnings multiples. The financial system acts as a time machine, creating asset prices based upon perceptions of the future. As an increasing percentage of investors come to accept the future reality of at best, financial asset prices will fall to reflect a realistic future. The resulting crash will remove the underpinnings of the banking, brokerage, mutual fund, pension fund, and insurance industries. The comfortable futures of many will be shown to have been based upon a mirage of future growth that will not take place. With the financial system acting as the critical coordination system of the global economy, its crash will also intensify economic problems. Written by a retired financial industry executive with over 25 years of experience, this book describes how the crisis will affect different regions and industries to help identify the career and investment choices which may provide a relative safe harbour.
The book begins with a survey of the basic properties of modern energy systems. It then offers detailed explanations of universal patterns of energy transitions, the peculiarities of changing energy use in the world's leading economies, and the coming shifts from fossil fuels to renewable conversions. Specific cases of these transitions are analyzed for eight of the world's leading energy consumers. The author closes with perspectives on the nature and pace of the coming energy transition to renewable conversions.
The journey through the book begins with some background theory on the physics and economics of energy. Major energy technologies (fossil, nuclear and renewable) are explored in-depth, explaining how they work and the costs involved. Finally, the journey ends by exploring the technical and economic feasibility of supplying the world by 2050 with sustainable energy only.
Numerous examples are provided to allow the reader to relate important concepts to real-life. The reader’s understanding of the material can then be tested using the exercises at the end of each chapter.
This textbook is the first to thoroughly present the physics and the economics of energy. It is intended for graduate students and practitioners interested in the field of energy. It also enables the general reader to distinguish between political statement and fact.
The latest scientific knowledge on climate change indicates that higher greenhouse gas concentrations in the atmosphere through unchecked emissions will provoke severe climate change and ocean acidification. Both impacts can fundamentally alter environmental structures on which humanity relies and have serious consequences for the food chain among others. Climate change therefore poses major socio-economic, technical and environmental challenges which will have serious impacts on countries’ pathways towards sustainable development.
As a result, climate change and sustainable development have increasingly become interlinked. A changing climate makes achieving Millennium Development Goals more difficult and expensive, so there is every reason to achieve development goals with low greenhouse gas emissions. This leads to the following five challenges discussed by Challenges and Solutions for Climate Change:
1. To place climate negotiations in the wider context of sustainability, equity and social change so that development benefits can be maximised at the same time as decreasing greenhouse gas emissions.
2. To select technologies or measures for climate change mitigation and adaptation based on countries’ sustainable development and climate goals.
3. To create low greenhouse gas emission and climate resilient strategies and action plans in order to accelerate innovation needed for achieving sustainable development and climate goals on the scale and timescale required within countries.
4. To rationalize the current directions in international climate policy making in order to provide coherent and efficient support to developing countries in devising and implementing strategies and action plans for low emission technology transfers to deliver climate and sustainable development goals.
5. To facilitate development of an international framework for financial resources in order to support technology development and transfer, improve enabling environments for innovation, address equity issues such as poor people’s energy access, and make implementation of activities possible at the desired scale within the country.
The solutions presented in Challenges and Solutions for Climate Change show how ambitious measures can be undertaken which are fully in line with domestic interests, both in developing and in developed countries, and how these measures can be supported through the international mechanisms.
Adopting a managerial perspective and discussing concepts and methods to manage eco-innovation in business, this book highlights the interrelated roles of the individual, the firm, partnerships, and business environments. Researchers and practitioners who want to combine a commercial and economical approach with an ethical and social ambition to create an ecologically sustainable firm stand to learn much from these pages.