A new edition of the classic text explaining the fundamentals of competitive electricity markets now updated to reflect the evolution of these markets and the large scale deployment of generation from renewable energy sources The introduction of competition in the generation and retail of electricity has changed the ways in which power systems function. The design and operation of successful competitive electricity markets requires a sound understanding of both power systems engineering and underlying economic principles of a competitive market. This extensively revised and updated edition of the classic text on power system economics explains the basic economic principles underpinning the design, operation, and planning of modern power systems in a competitive environment. It also discusses the economics of renewable energy sources in electricity markets, the provision of incentives, and the cost of integrating renewables in the grid. Fundamentals of Power System Economics, Second Edition looks at the fundamental concepts of microeconomics, organization, and operation of electricity markets, market participants strategies, operational reliability and ancillary services, network congestion and related LMP and transmission rights, transmission investment, and generation investment. It also expands the chapter on generation investments discussing capacity mechanisms in more detail and the need for capacity markets aimed at ensuring that enough generation capacity is available when renewable energy sources are not producing due to lack of wind or sun. Retains the highly praised first edition s focus and philosophy on the principles of competitive electricity markets and application of basic economics to power system operating and planning Includes an expanded chapter on power system operation that addresses the challenges stemming from the integration of renewable energy sources Addresses the need for additional flexibility and its provision by conventional generation, demand response, and energy storage Discusses the effects of the increased uncertainty on system operation Broadens its coverage of transmission investment and generation investment Supports self-study with end-of-chapter problems and instructors with solutions manual via companion website Fundamentals of Power System Economics, Second Edition is essential reading for graduate and undergraduate students, professors, practicing engineers, as well as all others who want to understand how economics and power system engineering interact.

Handbook of Energy Economics and Policy: Fundamentals and Applications for Engineers and Energy Planners presents energy engineers and managers with analytical skills and concepts that enable them to apply simple economic logic to understand the interrelations between energy technologies, economics, regulation and governance of the industry. Sections cover the origins, types and measurement of energy sources, transportation networks, and regulatory and policy issues on electricity and gas at a global level, new economic and policy issues, including innovation processes in the energy industry and economic and policy implications. Final sections cover state-of-the-art methods for modeling and predicting the dynamics of energy systems. Its unique approach and learning path makes this book an ideal resource for energy engineering practitioners and researchers working to design, develop, plan or deploy energy systems. Energy planners and policymakers will also find this to be a solid foundation on which to base decisions.

Energy policies influence the shape of emergent technological systems, and also condition our social, political, and economic lives. This book demonstrates the difficulties of deliberating such properties by providing a historical case study that analyzes U.S. renewable energy policy from the end of World War II through the energy crisis of the 1970s. It illuminates the ways beliefs and values come to dominate official problem frames and get entrenched in institutions.

Across the European Union, energy policy remains a highly controversial issue, despite the relative stability of energy markets and the lack of concern of energy availabilities and prices which marked previous debates on the issue. The debates on nuclear power in Germany, on the coal industry in the UK indicate the continuing resonance of energy policy as a source of dispute at the national level. Moreover, while the urgency which the 1970s energy crises brought to policy discussions may no longer exist, the emergence of new issues, such as the environment and economic liberalisation, have offered new challenges for energy policy. These issues also arise in a European setting. Early in 1995 the European Commission published a Green Paper on Energy Policy -indeed, as the manuscript was completed the Commission was finalising a White Paper -and the issue will be on the agenda of the 1996 Intergovernmental Conference. The outcome of these discussions is far from clear, but there is no doubt that, in one way or another the European Union will help to shape national energy policies for many years to come.

The book focuses on a global issue-municipal solid waste management (MSWM) and presents the most effective solutions based on energy recovery processes. There is huge potential in employing different technologies and modern management methodology for recovering energy from various waste streams to establish a sustainable and circular economy. In several countries, energy recovery from municipal solid wastes (MSW) is seen as a way of reducing the negative impact of waste on the environment and also reducing the burden on land resources. The book primarily focuses on highlighting the latest insights into energy recovery from various waste streams in different countries, with a particular emphasis on India. Further, it paves the way for sustainability in the energy sector as a whole by addressing waste management issues and simultaneous energy recovery. The chapters present high-quality research papers selected and presented in the conference, IconSWM 2018.

The Covid-19 pandemic is a repeating biophysical shock yet one for which our current socio-economic structure was not prepared. Climate change, scarcity, depletion of natural resources, and the inevitable transition to renewable energy are one time events. Taken together, they present an existential threat to human society. This book is a guide to navigating these megatrends, which confront us now but whose consequences will unfold over decades. By presenting clear options on the path to a renewable energy future, this book gives readers a broad perspective as well as detailed, well-illustrated examples to weigh in making decisions which will secure stability and prosperity for their families, their communities and their nations.

The historical ways in which electricity was generated in large central power plants and delivered to passive customers through a one-way transmission and distribution network - as everyone knows - is radically changing to one where consumers can generate, store and consume a significant portion of their energy needs energy locally. This, however, is only the first step, soon to be followed by the ability to share or trade with others using the distribution network. More exciting opportunities are possible with the increased digitalization of BTM assets, which in turn can be aggregated into large portfolios of flexible load and generation and optimized using artificial intelligence and machine learning.

Intended for development planners and administrators, energy planners, environmentalists, foresters and conservationists, this book provides a survey of the current, and likely future extent of, biomass energy shortages in Sri Lanka and seeks to identify the most appropriate means by which these might be addressed. Biomass accounts for roughly two-thirds of Sri Lanka's primary energy consumption, and long-term supply capability is being undermined by a fast and accelerating rate of deforestation. The book draws out the lessons to be learned in other parts of the world from Sri Lanka's experience.

This volume focuses on the social, cultural, and ecological consequences of a political economy of energy. A political economy of energy holds that an enduring hallmark of the current context is a reorganization of human society toward energy extraction and production. Limits to Terrestrial Extraction looks at the construction of society itself as an energy-harvesting "megamachine," the ecomodernist project of the latter half of the twentieth century and its disastrous environmental record, and mining Near Earth Objects to extract extraterrestrial resources. Each chapter explores a limit to terrestrial extraction - spatially, economically, or socially - finding that business as usual cannot yield a different world. The authors eschew easy answers of natural resource management or discourses of wise use, instead offering critiques of market society and its constitutive drive to produce and waste energy. Overall, this volume establishes the existential stakes and scope of change that will be required to build a better world. This book will be of great interest to students and scholars of environmental political theory, as well as social scientists and humanities scholars who study the intersection of energy and society.

Inhalt Einfuhrung und Aufbau (JURGEN NEUBARTH, MARTIN KALTSCHMITT): Energiequellen und -strome; Energiesystem Osterreich; Aufbau und Vorgehen; Konventionelle Vergleichssysteme; Warmebereitstellung; Bereitstellung von Kraftstoffen.- Stromerzeugung aus Wasserkraft (JURGEN NEUBARTH, MARTIN KALTSCHMITT): Grundlagen des regenerativen Energieangebots; Systemtechnische Beschreibung; Energiewirtschaftliche Analyse.- Solarthermische Warmenutzung (JURGEN NEUBARTH, WOLFGANG STREICHER, MARTIN KALTSCHMITT): Grundlagen des regenerativen Energieangebots; Systemtechnische Beschreibung; Energiewirtschaftliche Analyse.- Photovoltaische Stromerzeugung (JURGEN NEUBARTH, MARTIN KALTSCHMITT, HEINRICH WILK): Grundlagen des regenerativen Energieangebots; Systemtechnische Beschreibung; Energiewirtschaftliche Analyse.- Stromerzeugung aus Windenergie (JURGEN NEUBARTH, MARTIN KALTSCHMITT, GUNTHER BRAUNER): Grundlagen des regenerativen Energieangebots; Systemtechnische Beschreibung; Energiewirtschaftliche Analyse.- Nutzung von Umgebungswarme (JURGEN NEUBARTH, MARTIN KALTSCHMITT, GERHARD FANINGER): Grundlagen des regenerativen Energieangebots; Systemtechnische Beschreibung; Energiewirtschaftliche Analyse.- Hydrothermale Erdwarmenutzung (MARTIN KALTSCHMITT, JURGEN NEUBARTH, JOHANN GOLDBRUNNER): Grundlagen des regenerativen Energieangebots; Systemtechnische Beschreibung; Energiewirtschaftliche Analyse.- Biomasse (JURGEN NEUBARTH, MARTIN KALTSCHMITT, HERMANN HOFBAUER, KARIN MAIRITSCH): Grundlagen des regenerativen Angebots; Energiegewinnung aus Biomasse; Biogene Festbrennstoffe; Biokraftstoffe (Flussige Bioenergietrager); Gasformige Bioenergietrager (Biogas).- Zusammenfassung und Ausblick (JURGEN NEUBARTH, MARTIN KALTSCHMITT): Raumliche und zeitliche Angebotscharakteristik; Elektrische Energie; Thermische Energie; Kraftstoffe.- Ausblick.- Anhang (Energieeinheiten).- Literatur.- Sachverzeichnis.

'Professor Sakmar's book is a must read for anyone interested in gaining a better understanding of the most dynamic segment of the global energy industry.' - Jay Copan, Executive Director, LNG 17With clear and direct text, supplemented with key maps, charts and graphics from government, industry and other sources, the book moves the reader smoothly through the early history of LNG up to current developments, including shale gas and North American LNG exports. The book is a valuable resource for anyone interested in understanding global gas markets and the energy policy challenges facing us in the 21st century.' - Jacqueline L. Weaver, A.A. White Professor of Law, University of Houston Law Center, US Countries around the world are increasingly looking to liquefied natural gas (LNG) - natural gas that has been cooled until it forms a transportable liquid - to meet growing energy demand. Energy for the 21st Century provides critical insights into the opportunities and challenges LNG faces, including its potential role in a carbon-constrained world. This comprehensive study covers topics such as the LNG value chain, the historical background and evolution of global LNG markets, trading and contracts, and an analysis of the various legal, policy, safety and environmental issues pertaining to this important fuel. Additionally, the author discusses emerging issues and technologies that may impact global LNG markets, such as the development of shale gas, the prospects of North American LNG exports, the potential role of the Gas Exporting Countries Forum and floating LNG. The author contextualizes the discussion about the importance of LNG with an analysis of why the 21st century will be the 'golden age' of natural gas. Accessible and non-technical in nature, this timely book will serve as an essential reference for practitioners, scholars and anyone else interested in 21st century energy solutions. Contents: Preface Introduction 1. The Role of Natural Gas and LNG in the 21st Century 2. The LNG Value Chain 3. The Evolution of LNG Markets and Primary Demand Regions 4. Global LNG Supply 5. Global LNG Demand and Emerging Demand Markets 6. The Globalization of LNG: The Evolution of LNG Trade, Pricing and Contracts 7. Safety and Environmental Sustainability of LNG 8. Global LNG Mega Projects and Players Qatar and Australia 9. New Players and Projects Russia, Peru, Yemen, and Papua New Guinea 10. The Role of Shale Gas in the Golden Age of Gas 11. The Impact of Shale Gas on Global Gas Markets and the Prospects for US and Canadian LNG Exports 12. Emerging Issues in the LNG Industry Conclusion: The Future Looks Bright for LNG as a Fuel for the 21st Century Index

This timely Handbook reviews many key issues in the economics of energy and climate change, raising new questions and offering solutions that might help to minimize the threat of energy-induced climate change.Constructed around the objectives of displaying some of the best of current thinking in the economics of energy and climate change, this groundbreaking volume brings together many of the world s leading and most innovative minds in the field to cover issues related to: - fossil fuel and electricity markets - environment-related energy policy - international climate agreements - carbon mitigation policies - low-carbon behavior, growth and governance. Serving as an indispensable guide to one of the fastest-growing fields of economics, this invaluable resource will strongly appeal to students, academics and policy makers interested in energy, environmental and climate change issues. Contributors include: J.E. Aldy, E.B. Barbier, A. Bowen, J. Chevallier, C. de Perthuis, J. Evans, N. Eyre, M. Fillipini, R. Fouquet, S. Gabriel, A. Gago, C. Gennaioli, J. Gowdy, C. Haftendorn, J.D. Hamilton, M. Hanemann, I. Hascic, D.F. Hendry, C. Hepburn, B. Holtsmark, F. Holz, C. Hope, L. Hunt, H.D. Jacoby, M. Jefferson, N. Johnstone, J.G. Kassakian, C. Kemfert, S. Kverndokk, X. Labandeira, H. Lee, H. Llavador, G. Lovellette, R. Martin, R. McKitrick, A. Moe, M. Muuls, I.W.H. Parry, M. Pollitt, F. Pretis, T. O'Garra, A. Ramos, C. Robinson, J.E. Roemer, K.E. Rosendahl, R. Schmalensee, I. Shaorshadze, J. Silvestre, P. Stevens, R. Tol, R. Trotignon, M. Tsygankova, G.C. van Kooten, C. von Hirschhausen

We know that the people of Mesopotamia were using crude oil as a tar for building ships and houses as early as 3000 BC, so it is not by any means a new industry-but it is a volatile one. Oil and gas are important to every aspect of our economy yet this industry is distinguished by its combination of increasing demands and decreasing discovery volumes-and it is an industry shrouded in an environment of extremely volatile pricing. This book is a vital introduction to the oil and gas industry that focuses on history, operations, major companies, outside market forces, regulation, and the current challenges the industry faces. Such factors as finite natural resources, the environment, economics, geopolitics, and technology are also analyzed in detail. The focus on oil and gas is likely to continue to grow until efficient, environmentally safe alternate fuels become available. And because it's woven with complex relationships that are ever changing, this book is the best tool to have for a better understanding of this industry.

Die Windenergie leistet in Deutschland schon heute einen wichtigen Beitrag zum Klimaschutz. Bis 2030 sollen Windkraftwerke mit einer Leistung von insgesamt mehr als 50 Gigawatt installiert sein. Das Buch analysiert die systemtechnischen und okonomischen Aspekte dieses Totalumbaus des elektrischen Energiesystems unter Berucksichtigung des deutschen und des europaischen Energierechts. Das Buch bietet Grundlagenwissen fur Forschung und Lehre sowie fur Entscheidungstrager in Energiewirtschaft, Politik und Verwaltung."

Gas and oil are pivotal to the functioning of modern societies, yet the ownership, control, production and consumption of hydrocarbons often provokes intense disputes with serious ramifications. Gas, oil and the Irish state examines the dynamics and conflicts of state hydrocarbon management and provides the first comprehensive study of the Irish model. Interpreting the Corrib gas conflict as a microcosm of the Irish state's approach to hydrocarbon management, the book articulates environmental, health and safety concerns underpinning community resistance to the project. It emphasises how the dispute exposed broader issues, such as the privatisation of Irish hydrocarbons in exchange for one of the lowest rates of government take in the world, and served to problematise how the state functions, its close relationship with capital and its deployment of coercive force to repress dissent. Analysis of these issues occurs within an original account of decision-making and policy formation around Irish hydrocarbons from 1957 to 2014. The book traces the development of the state's approach in tandem with occurrences in Irish political economy and examines the impact of global trends on different approaches to hydrocarbon management. A comparative case study of Norway reveals ideological, political, social and economic forces which influence how states manage their hydrocarbons - factors which the book uses as the basis for a rigorous critique of the Irish model. This book is relevant to United Nations Sustainable Developments Goal 7, 12 and 13, Affordable and clean energy, Responsible consumption and production and Climate action -- .

Written in light of recent advances in the field, this book is an up-to-date account of economic aspects of the energy markets. The editors fully consider the implications for regulation, privatization, and international competition in each of the major markets--electricity, gas, coal, and oil.

This interdisciplinary book is written for government and industry professionals who need a comprehensive, accessible guide to modern energy security. Introducing the ten predominant energy types, both renewable and non-renewable, the book illustrates the modern energy landscape from a geopolitical, commercial, economic and technological perspective. Energy is presented as the powerhouse of global economic activities. To ensure the uninterrupted supply of energy, nations, industries and consumers need to have options. Efficient energy security planning ensures that when a primary energy source is depleted, compromised or interrupted, an alternative energy source must be readily available. For this reason, the foundations of energy security are built upon the five pillars of Sustainability, Independence, Efficiency, Affordability and Accessibility. The numerous case studies presented in this book demonstrate that energy security may be compromised in the absence of one out of these five ingredients. The book also entertains the Triple-E notion of Energy Efficiency, Environmental integrity and Economies of scale, used by governments and corporations for energy optimization. One of the key strengths of the book is its ability effectively to cover various scientific disciplines, and several energy types, while remaining comprehensible. This book will be of much interest to security or logistics professionals, economists and engineers, as well as policymakers.

Following the liberalization of EU energy markets, more than three hundred gas and electricity companies entered the market to substitute state-run monopolies. A sizeable shift has taken place within the European energy sector, one that remains only partially understood at best. Focusing on the financial performance of retail energy firms between 2008 and 2017, and taking the Italian market as its exemplar-a market that has arguably undergone the most significant transformation in Europe-Changes in European Energy Markets provides a critical and up-to-date analysis of this major development. Based on a comprehensive literature review and a wealth of data, the authors provide a compelling and much-needed account of the intensity and pace of change in the sector, which has been far from uniform. Changes in European Energy Markets is a must-read for students, researchers, practitioners and policymakers concerned with the seismic changes that have occurred within EU energy markets over the past decade.

'Russia is an increasingly important player in global energy markets, yet its policies are under-researched and little understood. This collection represents an important and sophisticated contribution to the debate. While much of the commentary on Russian energy consists of generalizations about Russia's political strategy, this work lifts the lid and looks inside the process through which Russian energy policies are designed and implemented. It brings together essays by top specialists in the field, and makes a conscious effort to integrate the various disciplines of politics, economics and geography by developing a model of the ''cognitive frames'' through which the policy process is shaped. It addresses both domestic and international dimensions of the problem, and gives equal weight to traditional customers in Europe and new markets in Asia.' - Peter Rutland, Wesleyan University'The book explains Russian energy policies, instead of a policy. It portrays a picture with multiple policy drivers, including institutional, regional and federal, environmental and commercial. The study markedly improves our understanding of the multifaceted nature of Russian energy policy, a topical and complex issue. This is a highly commendable book that should be included in the reading lists of anyone with an interest in the role of energy in Russia's political economy or energy matters more generally.' - Kim Talus, University College London, Australia Russia's vast energy reserves, and its policies towards them have enormous importance in the current geopolitical landscape. This important book examines Russia's energy policies on the national, interregional and global level. It pays particular attention to energy policy actors ranging from state, federal and regional actors, to energy companies and international financial actors and organizations. The book models the formation of Russia's energy policies in terms of how energy policy actors perceive and map their policy environment. The case studies cover federal, regional and environmental aspects of Russian energy policy, Russia's energy relations with Europe and the CIS, North East Asia, the globalization of Russian oil companies and the political economy of Russian energy. It is found that there are several concurrent energy policies in contemporary Russia, and that this situation is likely to continue. These policies are conducted primarily from the business frame perspective while notions of energy superpower Russia are found more ambiguous. Russia's Energy Policies will benefit advanced master's level students, doctoral students, researchers, policy makers and practitioners. The book will be a great resource for advanced international relations, political economy, international business and globalization courses alongside energy policy courses, as well as area studies courses on Russian, post-Soviet and European politics and environmental politics. Contributors: P. Aalto, M.M. Balmaceda, M. Bradshaw, D. Dusseault, M.D. Kennedy, M. Kivinen, X. Liu, N. Poussenkova, H. Smith, S. Tabata, N. Tynkkynen

The only book available for the reservoir or petroleum engineer covering formation testing with algorithms for wireline and LWD reservoir analysis developed for transient pressure, contamination modeling, permeability, and pore pressure prediction. Traditional well logging methods, such as resistivity, acoustic, nuclear, and NMR, provide indirect information relating to fluid and formation properties. However, the formation tester offered in wireline and MWD/LWD operations is different. It collects actual downhole fluid samples for surface analysis, and through pressure transient analysis, provides direct measurements for pore pressure, mobility, permeability, and anisotropy. These are vital to real-time drilling safety, geosteering, hydraulic fracturing, and economic analysis. Methods for formation testing analysis, while commercially important and accounting for a substantial part of service company profits, are shrouded in secrecy. Many are poorly constructed, and because details are not available, industry researchers are not able to improve on them. Formation Testing explains conventional models and develops new, more powerful algorithms for early-time analysis. More importantly, it addresses a critical area in sampling related to time required to pump clean samples, using rigorous multiphase flow techniques. All of the methods are explained in complete detail. Equations are offered for users to incorporate in their own models, but, for those needing immediate answers, convenient, easy-to-use software is available. The lead author is a well-known petrophysicist with hands-on experience at Schlumberger, Halliburton, BP Exploration, and other companies. His work is used commercially at major oil service companies, and important extensions to his formation testing models have been supported by prestigious grants from the U.S. Department of Energy. His latest collaboration with China National Offshore Oil Corporation marks an important turning point, where advanced simulation models and hardware are evolving side-by-side, defining a new generation of formation testing logging instruments. Providing more than formulations and solutions, this book offers a close look at behind the scenes formation tester development, as the China National Offshore Oil Corporation opens up its research, engineering, and manufacturing facilities through a collection of never-before-seen photographs, showing how formation testing tools are developed from start to finish. This groundbreaking new volume: * Develops key reservoir analysis methods for wireline and LWD forward and inverse modeling, including algorithms, validations, examples, and modeling software * Includes new pressure transient and multiphase contamination models for analysis and job planning * Covers low permeability and heavy oil reservoirs using early time data, despite high flowline storage * Is the only book on the subject for modern methods used at leading service companies, with research funded by the U.S. Department of Energy, China National Offshore Oil Corporation, and other companies

Mit der kompendiarischen Darstellung des Themas Energieeffizienz und Energiemanagement will dieses Buch Neugier wecken, zeitgemasse Energie sparende Massnahmen ohne Wohnkomfort-Einbussen umzusetzen. Dies betrifft die gesamte Wertschoepfungskette von der dezentralen Energieumwandlung bis zum Energiekonsum durch die Endkunden und beleuchtet dabei die verschiedenen gesellschaftlichen Handlungsfelder. Es ist als interdisziplinares Fachbuch angelegt, dessen Lekture ein ingenieurgemasses Verstandnis der vorgestellten Technologien voraussetzt. Daruber hinaus moechte es aber auch oekonomische, sozialethische, umweltpolitische und oekologische Trends aufzeigen.

For centuries, human activity has been dominated by the need to fuel human civilization. Energy is unique: no other physical resource in society has had such a wide-ranging impact on our ecosystems, economy, public health, and personal liberties. And as the era of fossil fuels stumbles to a close in the West, much of the rest of the world is still just waking up to coal. We have found ourselves on the cusp of a transition in how we get energy that is both obvious and profoundly uncertain. We must decide our next steps quickly. How can we invest responsibly now in a way that will ensure our access to clean, affordable, and reliable energy for the decades to come? In Power Trip, energy expert Michael E. Webber takes readers on a global tour of energy's role in society across many regions and several hundred years. Starting with energy's end-uses and outcomes--water, food, wealth, cities, transportation, and war--Webber uncovers the complicated relationship our civilization has both with energy and its outputs. We've stimulated entrepreneurship, innovation, and opportunity beyond our wildest dreams--but it's come at the steep cost of accelerating climate change, geopolitical insecurity, increased economic inequality, and environmental degradation. Energy has proven to be something we can't live with, and we can't live without. But, as Webber argues, with long-term thinking, global interconnection, and an emphasis on conservation, we can simultaneously solve our energy supply's significant downsides while setting ourselves up for a much brighter future.

In economic, technical and political terms, the security of energy supply is of the utmost importance for Europe. Alongside competition and sustainability, supply security represents a cornerstone of the EU's energy policy, and in times of rising geopolitical conflict plays an increasingly important role in its external relation. Within this context, the contributors analyse and explore the natural gas, nuclear, and hydrogen energy sectors, which will be of critical significance for the future of energy supplies in EuropeThe book opens with an extensive exploration of the very definition of `supply security' and moves beyond sector-specific debates to highlight the political sensitivity surrounding energy security. The expert contributors apply a policy perspective, underpinned by theoretical discussion, to economic analysis in order to yield policy-relevant conclusions. They illustrate that the EU lacks a coherent transnational energy policy, that national energy policies fail to match EU goals and that, ultimately, sustainable energy policies, more competition, and better regulation will improve global welfare Academics and EU policymakers- both at national and international levels-will find that the topical policy recommendations, extensive overview of supply security, and detailed perspectives on the natural gas, nuclear and hydrogen sectors presented herewith constitute an invaluable reference and recearch tool

Three quarters of our current electricity usage and transport methods are derived from fossil fuels and yet within two centuries these resources will dry up. Energy Economics covers the role of each fossil and renewable energy source in today's world, providing the information and tools that will enable students to understand the finite nature of fossil fuels and the alternative solutions that are available. This textbook provides detailed examinations of key energy sources - both fossil fuels and renewables including oil, coal, solar, and wind power - and summarises how the current economics of energy evolved. Subsequent chapters explore issues around policy, technology and the possible future for each type of energy. In addition to this, readers are introduced to controversial topics including fracking and global warming in dedicated chapters on climate change and sustainability. Each chapter concludes with a series of tasks, providing example problems and projects in order to further explore the proposed issues. An accompanying companion website contains extensive additional material on the history of the major types of fuel as well as technical material relating to oil exploration, the development of solar power and historical environmental legislation. This textbook is an essential text for those who study energy economics, resource economics or energy policy.

This windpump design was adapted from a series of low-lift windmills developed in Ethiopia. A very successful windpump which when scientifically tested pumped nearly twice as much water as the original design. Contains constructional details and plans.