Efficiency and Energetic Potential of Renewable Resources
This course on renewable energy resources covers fossil fuels and their different impacts on economy and efficiencyPublisher: NPTEL
CertificationView course modules
This energy efficiency training program will teach you about fossil fuels and their different impacts on the economy, efficiency, and costs. The implications of switching from a fossil fuel system to a renewable energy system are, in economic and social terms, are also covered. You will also learn about developing energy policies according to the needs of the population and companies, for which examples will be presented to help you better understand these issues.
In addition to this, you will learn about the different kinds of financing available for green energy, projects on efficient and renewable energy, the kind of investments which are required for reducing CO2 emissions and reducing climate change. The course also covers the different sources of finance, the characteristics of the funding and the fund's source. It also offers a small glimpse of what the energy systems of the future may look like and the energy transition needed for a cleaner and more sustainable world.
The course will also teach you about energy transitions that have occurred in the past in areas such as transportation and commerce and about the challenge of an energy transition. You will also learn the calculations to obtain the optimal efficiency of an energy device, the types of configurations, the hydrogen pathways, the options for power generation from a carbon dioxide point of view. Finally, you will be introduced to the challenges and opportunities future energy systems throw up.Start Course Now
Energy Economics and Renewable Energy Sources
Energy Economics and Renewable Energy Sources - Learning outcomes
Energy Economics and Annualized Capital Cost
Resources and Reserve
The Hubbert’s Model and Renewable Energy Sources
The Overall Annual Fluxes of Bioenergy
Energy Economics and Renewable Energy Sources - Lesson summary
Renewable and Non-Renewable Economics Resources
Renewable and Non-Renewable Economics Resources - Learning Outcomes
Biomass and Materials
Fossil Resource Economics
Monopoly and Competition
Preferences and Social Choice
Renewable and Non-renewable Economics Resources - Lesson Summary
Arrow's Theorem and Demand Curves
Arrow'sTheorem and Demand Curves - Learning Outcomes
Biocentrism and Social Welfare Function
Arrow's Impossibility Theorem and Market Equilibrium
Surplus and Public and Private Good/Bads
Public Good and Aggregation of Demand Curves
Arrow'sTheorem and Demand Curves - Lesson Summary
Having completed this module you will be able to:
- Explain the concept of geological resources and reserves.
- Analyze the Hubbert and Adelman approach related to the resource's peak and technology available.
- Compare the energy potential of several renewable resources like solar energy, geothermal, wind generation and tidal.
- Explain the technical and economic potential of non-renewable energy resources.
- Calculate how much energy should be produced in a particular year given the fact that the overall resources are finite.
- Analyze which would be the optimal extraction strategy in terms of costs and rate of interest.
- Explain the tradeoff between energy, development and the environment.
- Explain the differences between biocentrism, sustainability and anthropocentrism philosophical perspectives.
- Analyze the Arrow's Impossibility Theorem.
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