Brockway, P orcid.org/0000-0001-6925-8040, Sorrell, S, Foxon, T et al. (1 more author) (2018) Exergy economics: New insights into energy consumption and economic growth. In: Jenkins, KEH and Hopkins, D, (eds.) Transitions in Energy Efficiency and Demand: The Emergence, Diffusion and Impact of Low-Carbon Innovation. Routledge Studies in Energy Transitions . Routledge , Abingdon, Oxon, UK , pp. 133-155. ISBN 978-0-8153-5678-3
Abstract
This 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.
Metadata
Item Type: | Book Section |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2019 selection and editorial matter, Kirsten E.H. Jenkins and Debbie Hopkins; individual chapters, the contributors. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 license. To view a copy of this license, visit https://creativecommons.org/licenses/by-nc-nd/4.0/. |
Keywords: | Technology & Engineering |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > School of Earth and Environment (Leeds) > Sustainability Research Institute (SRI) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 21 Jan 2019 11:53 |
Last Modified: | 25 Jun 2023 21:40 |
Published Version: | https://www.taylorfrancis.com/books/9781351127257 |
Status: | Published |
Publisher: | Routledge |
Series Name: | Routledge Studies in Energy Transitions |
Identification Number: | 10.4324/9781351127264 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:141329 |