This website uses cookies to ensure you have the best experience. Learn more

Uncertainties In Energy Policies Essay

1907 words - 8 pages

Energy policy and plans are laid out with two kinds of objectives viz. Means objectives and Final objectives. The final objectives are ultimate goals of reducing the negative impacts of climate change and creating a sustainable human environment that is progressive. The means objectives are intermediate steps laid out to achieve the final objective. There are three means objectives laid out by MacKay that are commonly accepted viz. Environment/Safety (human dimension), Energy security and Economic development. The Environment/Safety involves factors such as Green House Gases (GHG’s), NOx, SOx, ash, Hg, volatile organic compounds (VOC’s), Particulate matter (PM2.5, PM10), Thermal shock, radioactive waste, land use, etc. Energy security involves import oil dependence, nuclear power, shale gas and uninterruptible supplies. Economic development involves low energy cost, availability of energy (chiefly electricity), clean manufacturing practices, etc. Another dimension is process, selecting the form of process or even creating a process to achieve an objective. Means based objectives and Final objectives are weighed against each other and against cost using a cost benefit analysis that gives trade off among these objectives.
The means to achieve such objectives are mandates, incentives/penalties, markets and volunteers. The mandates involve ban, restrictions, requirements, quotas, government purchase, etc. The incentives/ penalties involve subsidies, tax credits, grants, fines, tariffs, rebates, etc. The markets include cap in trade, permits, renewable portfolio standard, etc. The volunteering initiatives include education, volunteer standards, behavior, labeling, information, etc. All of these objectives and means to achieve such objectives involve uncertainties deeply rooted within them.

The main uncertainty is massive size of system in consideration. The system is Earth itself. To model Earth’s behavior as a system for various parameters is a hard to achieve challenge. The wide range of model results reflects the design of the models and the choice of assumptions included within them, which itself reflects uncertainties and differing approaches inherent in projecting the future. Any such modeling in whole or part requires caution and humility, and the results are specific to the model and its assumptions. They should not be endowed with a precision and certainty that is simply impossible to achieve. The chief uncertainties with the impacts of climate change are ignorance of time factor, technological advances, economics, policy, planning and society. These include the difficulties of estimating the costs of technologies several decades into the future, as well as the way in which fossil-fuel prices evolve in the future. It is also hard to know how people will respond to price changes.

Majority of current data uses time factors of different definitions that make such data hard to relate from a reference line. For example is it possible to...

Find Another Essay On Uncertainties in Energy Policies

air pollution in China Essay

2200 words - 9 pages pollution. It will reveal the main causes of heavy air pollution along with the remedies adopted by the government. Finally it will present practical difficulties to bring the implementation of environmental policies into effect. Causes of air pollution and major polluters: In recent decades, China experienced a great economic growth. The active economic performance requires a large amount of usage of energy, and the massive use of energy disturbs

Renewable Energy Resources Essay

1666 words - 7 pages statistics (DUKES) Bernedes, 2003, The contribution of biomass in the future global energy supply: a review of 17 studies Hoogwijk, 2000, A review of assessments on the future global contribution of biomass energy UKREC, 2010, The UK bio-energy resource base to 2050: estimates, assumptions, and uncertainties Palmer, 2010, Hydro Power Projections Report TSEC-BIOSYS, 2006-2009, A whole systems approach to bioenergy demand and supply in the UK

GM: Better Off Bankrupt?

967 words - 4 pages influence on stock price of GM. In 2005, annual high, low and closing stock price all decreased by more than $10. These indicators demonstrated that GM faced severe financial difficulties. Sales could not cover the high expense, and the negative cash flow could not meet its obligations. According to AU 341, auditors should first consider certain conditions or events in evaluating potential going–concern uncertainties. These conditions and events

Assessment Of Climate Change Conference Statement And Commitments:

923 words - 4 pages Institutions.Available at: United Nations Association of the United States of America. (1999). Understanding the climate change debate. UNA-USA Publications.Available at: United Nations Framework Convention on Climate Change (UNFCCC) .(1992).Available at: Workshop on Best Practices in Policies and Measures. April 2000. NGO

The Present U.S Electricity Consumption

996 words - 4 pages considerations impose limits to these resources that can greatly alter the advancement of this resource. Given the present economical, technical and environmental uncertainties of this technology, it is important to pursue this resources in a strategic and sensible manner. Although the US lags behind European countries in the advancement of oceanic energy research, progression of hydrokinetic energy in the United States has drastically improved. We have

The Energy Crisis: Traditional Energy vs. Renewable Energy

926 words - 4 pages In the debate of traditional energy vs. renewable energy the clear winner is renewable energy. Renewable energy is vastly superior over traditional energy because it decreases dependence on foreign resources, produces no emissions, and is not limited in quantity. Opponents of renewable energy are likely to argue that this is not the case and that instead, traditional energy is better because it creates job growth, is reliable during all hours

Monetary Policy

841 words - 3 pages , and supply of, balances that depository institutions hold at Federal Reserve Banks and in this way alters the federal funds rate. The federal funds rate is the interest rate at which depository institutions lend balances at the Federal Reserve to other depository institutions overnight.Apart from the geopolitical and other uncertainties, the forces affecting demand this year appear, on balance, conducive to a moderate strengthening of the economic

Energy Policy of Iceland and Japan

1286 words - 5 pages efficient policies among developed countries, yet these two countries have made contrary history of energy usage that make a significant difference between the successful and efficient Icelandic energy policy and the problematic and inefficient Japanese energy policy; the difference in the two energy policies reflect in their contemporary situation of energy usage and their contribution to the mitigation of environmental destruction. Although both

Respond to the Oil Crisis

981 words - 4 pages the government’s plans and policies to the oil crisis in The Energy Emergency. As he points out, there are six step to handle this oil crisis. He asked “industries to use coal instead of oil, cut down 10 % of flights, reduce the heat using and lower the thermostat in the house, reduce the energy consumption in the Federal Government offices, find alternative sources to replace oil energy, and walk instead of driving.”[ Merrill, “The Energy

Creative writting

2431 words - 10 pages opportunities. Entrepreneurship is a challenging task as many businesses which start fail to take off. Entrepreneurship has many uncertainties especially when new products are created for which there is no existing market. Entrepreneurship affects economic growth in various ways. It is through entrepreneurship that important innovations enter the market leading to new products or production process which eventually increases efficiency through

Energy Efficient Business: Energy Investments

887 words - 4 pages Most investors find sector-specific investments risky. However, with the surge in oil prices, it is advisable to explore energy investments to balance your self-directed IRA. Renewable energy sector has immense potential to develop. Recent government policies to boost renewable energy provide lucrative investment options in the sector. Energy investments were practically unknown to the investor looking to protect his retirement portfolio

Similar Essays

Motives Of The Renewable Energy Policies In Resource Rich And Non Democratic Countries

1625 words - 7 pages globally available. These features have important results for every region as well as the Middle East. The renewable energy features are analyzed in more detail, and the systems used to harvest and convert these energies are also presented in the work of Dincer and Zamfirescu. The underlying factors that could influence governments’ decisions to adopt renewable energy policies are examined in Gallagher’s (2013) article. Gallagher (2013) classifies

The Increasing Benefits Of Renewable Energy

854 words - 4 pages long-term forecasts of the economic impacts of major proposed renewable energy initiatives and spending programs (National Academy of Engineering). However, these analyses are of limited usefulness until we have a better idea of the size and characteristics of the existing renewable energy industry. Achieving success in gathering our energy from renewable resources is subject to significant uncertainties in key market drivers, including

Scenario Analysis A Solar Panel Manufacturer

2005 words - 8 pages the industry as a whole.The main forces in this framework and the uncertainties associated with them are explained in this table. Forces Definition Main Uncertainties Political Forces The forces represent the government's green policy and its commitment towards its green initiatives The government initiatives target 20% of energy production from renewable sources by 2020 but uncertainty over ways to achieve the target. Uncertainty over

Lab: Specific Heat Capacity Essay

3100 words - 12 pages fluctuation due to inaccuracy and uncertainties. There was also a small energy loss in the system due to Electrolysis. This happened because we used tap water, which has free floating ions, allowing the Nickel from the wire to form at one of the crocodile clips.The heater (in this case a NiCr-Wire Immersion Heater) was touching the sides and the bottom of the beaker, meaning that it emits some of the heat towards the sides of the beaker instead