EC318 Lecture 7: Chapter 7
Document Summary
Chapter 7 the transition from depletable to renewable resources. Fossil fuel combustion: suspended particulate matter (pm, sulphur dioxide (so2, nitrogen oxides (nox, hydrocarbons including volatile organic components (voc3) and benzene, carbon monoxide (co) Rival resource, excludable resource, stock-flow resource (materially transformed into what it can produce) Measurement: measurement units (neoclassical economics, biophysical units (ecological economics and industrial ecology) Weight: material flow analysis / accounting, energy flow accounting, ecological footprint, water footprint, carbon footprint, hanpp. Coal: coal is the most abundant -> non renewable / depletable energy source, coal is used heavily in electricity generation. It has the highest co2 emissions per unit supplied. It is also the source of air pollutants such as so2 and pm. Implementing carbon capture and storage systems are costly but possible solution to reduce. Co2 when coal is used in the production processes. In developing countries, the main source of electricity generation is from coal.
