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If a
clear solution to the world’s future energy needs existed, we would have a well-defined road to
achieving our energy goals. Many options need to be considered. Any viable sustainable energy
options must not only make a positive impact on our energy requirement for the present and near
future, but must also have a positive influence on the quality of life for future generations. There
are few challenge for sustainable energy development:
The power that is available from alternative resources depend on the nature and extent of
the resource, as well as the existence of a viable technology to utilize the energy resource.
Although nonrenewable energy resources, such as fossil fuels or nuclear, are limited in
terms of the total energy available, truly renewable resources may be expected to be
virtually unlimited in their total availability. However, the power available, even from
renewable resources, is limited. Obviously some of the renewable technologies discussed
such as solar and wind are prevalent in most parts of the world, but others such as
geothermal or tidal are more limited in their distribution.
Where,
Cfuel= Cost per kilowatt-hour for fuel.
Coperating = Operating and maintenance cost per kilowatt-hour.
l = Total capital installation cost. R = Total maximum capacity (in KW).
f = Capacity factor. CRF = Capital recovery factor.
The capacity factor is the fraction of the total theoretical capacity that is actually
achieved. The capital recovery factors takes into amount the accrued interest on the capital
investment and is given by:
𝑖. (1 + 𝑖)^𝑇
𝐶𝑅𝐹 =
[(1 + 𝑖)𝑇 − 1]
Where,
i = Annual interest rate expressed as a friction (i.e. 5.1% would be 0.051).
T = Payback period.
In general, fuel costs are important for generating technologies such as coal, natural
gas or nuclear thermal plants, or combustion turbines. Typically not of relevance for many
renewable energy such as solar and wind energy. The implementation of financial models
of energy production depends on a number of factors. Operating cost depend on a number
of factors, including facility design local labor and materials cost. Infrastructure cost of
course depend on the energy resource being utilized but can also vary considerably
depending on the design of the facility.
d) Consideration of social factors.
While public opinion seems to greatly favor the development of renewable energy
sources and there is a positive feeling that this is possibly on an unrealistically short
timescale, there is no accept any economic consequence that could result from moving
away from inexpensive fossil fuels.
e) Environmental impact.
Renewable energy are generally considered to have less environmental impact than fossil
fuels. A quantitative assessment of environmental impact is often difficult because many
environmental factors do not have a direct quantitative metric. One aspect of the
environmental impact of renewable energy that can be expressed quantitatively is
greenhouse gas emissions. Such an assessment would include greenhouse gas emissions
that occurred not only during the productions of energy from the renewable resource but
also during the acquisition of materials, production of necessary equipment, transportation
of components, maintenance of the facility, and ultimate disposal of equipment.
Figure 3: Emissions per unit of electrical energy produced for energy sources.
The most appropriate means of dealing with these points can vary greatly from one
countries to another and depend on a number of factors such as:
Economy.
Climate.
Geography.
Natural resources.
Population.
Although it may be reasonable for a country with a land area, low populations density,
substantial natural resources, and a good economy to strive for energy independence, that
goal is not reasonable for a nation that has small land area, a large population density and
few resources. While energy policies attempt to established goals needs to be defined in
order to implement such policies. The success of an energy policy lies not only in the
suitability of its goals but also in the ability of society to overcome the necessary obstacles
in order to achieve those goals.
Many aspect of energy policy are most appropriately considered at the regional,
state/provincial, or municipal level. These factors include for instance energy conservation,
building code and other measures that are influenced by local geography and climate.
Overall, establishing government energy policies that are environmentally sound
technologically feasible and economically viable for a particular nation or region is a
challenge that can provide long term benefits and lead to a sustainable energy future.
g) Ability to integrate new technology with existing technology.
Whatever the mix of energy sources that will be adopted for the future, it is clear that
changes must be made in how we produce and utilize energy. The energy technologies
that have been developed over many years must give way to the new approaches in order
to establish a sustainable infrastructure for the future.