File(s) under permanent embargo
Exergy economics: new insights into energy consumption and economic growth
chapter
posted on 2023-06-09, 21:28 authored by Paul Brockway, Steven SorrellSteven Sorrell, Tim FoxonTim Foxon, Jack MillerThis chapter presents a new field of research – termed exergy economics – which offers a new perspective on the contribution of energy to economic growth. The approach is based upon the thermodynamic concept of useful exergy and the associated measures of exergy efficiency. Contrary to orthodox economics, the chapter argues that improvements in exergy efficiency are a key driver of productivity improvements, and that useful exergy is a key driver of economic growth. The chapter summarises the theoretical arguments underpinning these claims, reviews the recent empirical work in this area and highlights some of the implications.
Funding
Research Centre on Innovation and Energy Demand; G1020; RCUK-RESEARCH COUNCILS UK; EP/K011790/1
History
Publication status
- Published
File Version
- Published version
Publisher
Taylor & FrancisExternal DOI
Page range
133-155Pages
280.0Book title
Transitions in Energy Efficiency and Demand:The Emergence, Diffusion and Impact of Low-Carbon InnovationPlace of publication
LondonISBN
9780815356783Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- No
Peer reviewed?
- No
Editors
Kirsten E H Jenkins, Debbie HopkinsLegacy Posted Date
2020-09-01First Open Access (FOA) Date
2020-09-01First Compliant Deposit (FCD) Date
2020-09-01Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC