Abstract:Abstract:The Energy Return on Investment (EROI) is an important measure of the energy gain of an electrical power generating facility that is typically evaluated based on the life cycle energy balance of a single facility. The EROI concept can be extended to cover a collection of facilities that comprise a complete power system and used to assess the expansion and evolution of a power system as it transitions from one portfolio mix of technologies to another over time. In this study we develop a dynamic EROI m… Show more
“…Despite our dynamic approach significantly shortens the time step of the calculations (in the order of months), it represents still an average power over a certain time (which in conventional EROI studies corresponds with the lifetime of the technology). Hence, we decided to avoid the creation of a new term given that EROI is a concept widely used, and follow the terminology of ''dynamic EROI'' more commonly used in the literature 75,138,139 (although other more recent works have coined new terms such as ''power return on energy invested'' (PROI) 136,140 or ''net external power ratio'' (NEPR) 141,142 ). Still, it should be kept clear that the different nomenclature refers ultimately to the same concept.…”
Description of the open-source MEDEAS integrated assessment modeling framework, which focuses on the biophysical and economic dimensions, restrictions and interactions arising during energy transitions.
“…Despite our dynamic approach significantly shortens the time step of the calculations (in the order of months), it represents still an average power over a certain time (which in conventional EROI studies corresponds with the lifetime of the technology). Hence, we decided to avoid the creation of a new term given that EROI is a concept widely used, and follow the terminology of ''dynamic EROI'' more commonly used in the literature 75,138,139 (although other more recent works have coined new terms such as ''power return on energy invested'' (PROI) 136,140 or ''net external power ratio'' (NEPR) 141,142 ). Still, it should be kept clear that the different nomenclature refers ultimately to the same concept.…”
Description of the open-source MEDEAS integrated assessment modeling framework, which focuses on the biophysical and economic dimensions, restrictions and interactions arising during energy transitions.
Extracting, processing, and delivering energy requires energy itself, which reduces the net energy available to society and yields considerable socioeconomic implications.
“…A dynamic EROI assessment of the IPCC (Intergovernmental Panel on Climate Change) 21 st century electricity production scenario has been presented by Neumeyer and Goldston (2016). They observed that "the energy required to install and operate the infrastructure can be significant, especially at high rates of expansion, and has not been included explicitly in the overall IPCC scenario assessment".…”
Section: Net Energy Implications For Economic Growthmentioning
The objective of this article is to highlight the significance of net energy consideration in economic policymaking, which has received less or no attention from the stakeholders particularly in the context of developing economies like India. With the rapid growth in the renewable energy sector, in this period of the low-carbon energy transition, there appears to be a growth in gross energy output. However, the net energy outputs reaching the demand sector of the economy may still be low due to the large feedback energy requirements for such rapid growth in energy supply. Such reduced energy availability may lead to reduced gross domestic product (GDP) growth unlike what is envisaged by policymakers. This is in contrast to the conventional standpoint, where assumed economic growth scenarios are used for energy planning. Since electricity use and economic development are found to be strongly correlated for developing economies like India, it is expected that a reduction in net energy available from the power sector will impose constraints on the GDP growth. Hence, a very ambitious electricity supply programme such as the one based on solar electricity may be counterproductive to GDP growth.
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