"Energy economics is a broad scientific subject area which includes topics related to supply and use of energy in societies."
Study of the economics of energy use and production, including pricing, efficiency, and sustainability.
Introduction to Resource Economics: This topic provides a brief overview of the discipline, including its key concepts, theories, and methodologies.
Types of Energy Resources: This topic discusses the various types of energy resources, including fossil fuels, renewable sources, and nuclear power.
Supply and Demand: This topic covers the basic economic principles of supply and demand and how they relate to energy resource economics.
Energy Technology: This topic examines the technology behind energy production, distribution, and consumption and the impact of technological advancements on the energy industry.
Cost of Energy Resources: This topic explores the cost of production and consumption of energy resources, including factors like infrastructure, labor, and materials.
Energy Markets and Prices: This topic discusses the various energy markets and how they determine prices, including the role of supply and demand, market competition, government regulations, and price volatility.
Energy Policy: This topic examines the role of governments in energy resource economics, including policies related to environmental protection, subsidies and taxation, and energy security.
Environmental and Social Impacts: This topic focuses on the environmental and social impacts of energy production and consumption, including issues related to climate change, air and water pollution, and community health and safety.
International Energy Trade: This topic explores the global energy trade, including the role of international organizations, such as OPEC and WTO, and the impact of energy trading on national and international politics.
Energy Transition: This topic discusses the transition from traditional energy sources to renewable sources and the challenges and opportunities that come with it, including the economics of clean energy, technological readiness, and policy incentives.
Fossil fuels economics: With oil, coal, and natural gas being the main forms of fossil fuels, this field of energy resource economics explores the supply, demand, and pricing of these non-renewable resources.
Renewable energy economics: Renewable sources such as solar, wind, and hydropower are explored under this field of energy resource economics, which includes pricing models, market trends, and obstacles for adoption.
Nuclear energy economics: Also known as the nuclear power generation industry, this field of energy resource economics focuses on the supply, demand, and pricing of nuclear fuels and technology.
Bio-energy economics: Bio-energy is derived from various sources such as crops, waste, and algae. This field of energy resource economics analyses the economic and environmental sustainability of biofuels and related technologies.
Hydrogen economics: Hydrogen is a potential alternative to fossil fuels as it can be produced from renewable energy sources. This field of energy resource economics explores the commercial viability of hydrogen as an energy source.
Energy efficiency economics: This field of energy resource economics focuses on the effective use of energy and ensures that resources are used efficiently as this leads to economic and environmental benefits.
Carbon capture and storage economics: Carbon capture and storage are technologies used to reduce carbon emissions from power plants and other emitters. This field of energy resource economics evaluates the costs and benefits associated with these technologies.
Energy storage economics: Energy storage is essential to make renewable energy available whenever needed. This aspect of energy resource economics focuses on the costs, benefits, and trends of energy storage technologies.
Smart grid economics: Smart grid technologies are designed to better manage energy supply and demand, thus making energy access more affordable, reliable, and sustainable. This field of energy resource economics evaluates the economic viability of these technologies.
Energy trading economics: Energy trading economics involves buying, selling, and financing energy resources such as oil, gas, and electricity, as well as the associated infrastructure. It includes market analysis and forecasting, investment, and risk management.
"Considering the cost of energy services and associated value gives economic meaning to the efficiency at which energy can be produced."
"Energy services can be defined as functions that generate and provide energy to the desired end services or states."
"The efficiency of energy services is dependent on the engineered technology used to produce and supply energy."
"The goal is to minimize energy input required to produce the energy service, such as lighting, heating, and fuel."
"The main sectors considered in energy economics are transportation and building."
"Energy economics is relevant to a broad scale of human activities, including households and businesses at a microeconomic level and resource management and environmental impacts at a macroeconomic level."
"Energy services can be defined as functions that generate and provide energy to the desired end services or states."
"The efficiency of energy services is dependent on the engineered technology used to produce and supply energy."
"The goal is to minimize energy input required, e.g., kWh, mJ, see Units of Energy."
"The main sectors considered in energy economics are transportation and building, although it is relevant to a broad scale of human activities, including households and businesses."
"Energy economics is relevant to macroeconomic level resource management and environmental impacts."
"Considering the cost of energy services and associated value gives economic meaning to the efficiency at which energy can be produced."
"Energy economics is a broad scientific subject area which includes topics related to supply and use of energy in societies."
"The efficiency of energy services is dependent on the engineered technology used to produce and supply energy."
"It is relevant to households at a microeconomic level."
"It is relevant to businesses at a microeconomic level."
"The main sectors considered in energy economics are transportation and building."
"The goal is to minimize energy input required to produce the energy service."
"The energy service, such as lighting (lumens), heating (temperature), and fuel (natural gas)."