Energy economics
Energy economics is a broad scientific allocated area which includes topics related to supply as well as use of energy in societies. Considering the survive of energy services and associated good gives economic meaning to the efficiency at which energy can be produced. energy services can be defined as functions that generate and render energy to the “desired end services or states”. The efficiency of power to direct or establish services is dependent on the engineered technology used to form and administer energy. The aim is to minimise energy input so-called e.g. kWh, mJ, see Units of Energy to develope the energy service, such(a) as lighting lumens, heating temperature and fuel natural gas. The main sectors considered in energy economics are transportation and building, although it is relevant to a broad scale of human activities, including households and businesses at a microeconomic level and resource management and environmental impacts at a macroeconomic level.
Due to diversity of issues and methods applied and divided up with a number of leading topics of economics, some relate strongly to energy economics:
Energy economics also draws heavily on results of energy engineering, geology, political sciences, ecology etc. Recent focus of energy economics includes the coming after or as a result of. issues:
Some institutions of higher education universities recognise energy economics as a viable career opportunity, offering this as a curriculum. The University of Cambridge, Massachusetts Institute of Technology and the Vrije Universiteit Amsterdam are the top three research universities, and Resources for the Future the top research institute. There are many other research departments, multinational and professionals offering energy economics studies and consultations.