Category Green Energy Technology, Economics and Policy

Units, Abbreviations and Acronyms, Definitions, Conversion Constants

Ad valorem tax: A tax that is a percentage of the price of a good or a service (B) Amortization: Allocating the cost of intangible assets over their legal life as specified in the tax code (B).

API Gravity: Specific gravity measured in degrees on the American Petroleum Institute scale. The higher the number, the lower the density. Twentyfive degrees API equals 0.904kg/m3. Forty-two degrees API equals 0.815kg/m3. (A)

Avoided cost: The amount avoided for the incremental purchase or the production of a good (B).

Benefits of Pollution: Any costs that you forego by being able to pollute rather than to abate. Benefits of pollution are then equal to the costs of abatement. (B)

Biodiesel: Biodiesel is a diesel-equivalent, processed fuel made from the transesterifi­cation (a chemical process which...

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Foreword

Green Energy: Technology, Economics and Policy is a very timely book written by Prof. U. Aswathanarayana, a highly respected scientist with excellent record of scholarship connected with the issues of environment, ecology and socio-economics. His coauthors are Drs. Harikrishnan and Thayyib Sahini, highly accomplished professionals.

As regards green energy, there are books that deal with the individual aspects of technology or of economics or of policy, but the subtle interplay of these three is not something that has been addressed. The book fills this need admirably. The relationship between poverty reduction, protection of environment and energy security is also not at once obvious. This has been very elegantly covered in the book.

Getting into fundamentals, for our sustainable energy fu...

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Green Energy Technology, Economics and Policy

Lehman Brothers, a US bank with assets of over USD 600 billion, was considered to be too large to fail. But fail it did, most spectacularly – it declared bankruptcy on Sept. 15, 2008. This shook the banking industry round the world to its roots. Many banks and companies collapsed. Unemployment rose to unprecedented levels. There was a steep drop in international trade and commodity prices. Only China and India got off lightly, because of their prudent lending practices. Governments round the world came up with stimulation packages to address this catastrophic situation. Most of such packages contained promotion of green energy technologies, as a way to create employment while at the same time mitigating the adverse consequences of climate change...

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