26 research outputs found

    The economic growth enigma revisited : the EU-15 since the 1970s

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    Current macro-econometric models mostly incorporate just two factors of production, labour and capital (with a time-dependent multiplier representing technological change or total factor productivity). These models assume that energy is an intermediate product of some combination of human labour and capital. These models also assume that the supply of energy is driven by economic demand. We assume the contrary, i.e. that useful energy is a primary input, derived (mostly) from natural capital. This failure to capture the impact of primary resources (as useful energy) on economic growth leads to inappropriate formulation of economic growth theories. To understand that impact better we need explicit evidence of marginal products of capital, labour and useful energy or useful work. As applied to the explanation of the past half century of economic growth of the EU-15 countries, the new results demonstrate the use of non-parametric relationships between capital, labour and useful energy to explain economic growth. They also indicate that marginal products of capital, labour and useful energy are variable - the marginal product depends on the levels of capital stock, labour input and useful energy flows. The proposed semi-parametric production function suggests country-specific policy implications for the EU (and other countries)

    The Need for Robust, Consistent Methods in Societal Exergy Accounting

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    © 2017 The AuthorsStudies of societal exergy use have the common aim of tracing the flow of exergy along society, and are used to gain insights into the efficiency of energy use and linkages to economic growth. However, their methodological approaches vary greatly, with significant impacts on results. Therefore, we make a review of past studies to identify, synthesize and discuss methodological differences, to contribute to a more consistent and robust approach to societal exergy accounting. Issues that should be taken into account when making methodological options are discussed and key insights are presented: (1) For mapping of primary inputs and useful exergy categories, the inclusion of all natural resources is more consistent but it has the cost of not being able to distinguish the various energy end-uses in the production of materials. (2) To estimate primary electricity, none of the methods currently used is able to capture simultaneously the efficiency of the renewable energy sector, the environmental impact and the efficiency of energy use in society. (3) To estimate final-to-useful exergy conversion efficiencies, standard thermodynamic definitions should be used because the use of proxies fails to distinguish between increases in exergy efficiency and increases in the efficiency of providing energy services

    Technologies for the global energy transition

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    The availability of reliable, affordable and mature technologies is at the basis of an effective decarbonization strategy, that should be in turn supported by timely and accurate policies. Due to the large differences across sectors and countries, there is no silver bullet to support decarbonization, but a combination of multiple technologies will be required to reach the challenging goal of decarbonizing the energy sector. This chapter presents a focus on the current technological solutions that are available in four main sectors: power generation, industry, transport and buildings. The aim of this work is to highlight the main strengths and weaknesses of the current technologies, to help the reader in understanding which are the main opportunities and challenges related to the development and deployment of each of them, as well as their potential contribution to the decarbonization targets. The chapter also provides strategies and policy recommendations from a technology point of view on how to decarbonize the global energy systems by mid-century and of the necessity to take a systems approach

    Scrap, carbon and cost savings from the adoption of flexible nested blanking

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    Steel accounts for 6% of anthropogenic CO2 emissions, most of which arises during steelmaking rather than downstream manufacturing. While improving efficiency in steelmaking has received a great deal of attention, improving material yield downstream can have a substantial impact and has received comparatively less attention. In this paper, we explore the conditions required for manufacturers to switch to a more materially efficient process, reducing demand for steel and thus reducing emissions without reducing the supply of goods to consumers. Furthermore, we present an alternative processing route where parts can be cut in flexible arrangements to take advantage of optimal nesting across multiple part geometries. For the first time, we determine the potential savings that flexible nested blanking of parts could achieve by calculating the potential for grouping orders with tolerably similar thickness, strengths, ductility and corrosion-resistance. We found that 1080 kt of CO2 and 710 kt of steel worth €430M could be saved each year if this scheme was adopted across all European flat steelmills serving the automotive sector
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