Global Energy Fundamentals: Economics, Politics, and Technology

268 Pages·2020·3.666 MB·English

by  Simone Tagliapietra

Global Energy Fundamentals
Thisbookprovidesarigorous,conciseguidetothecurrentstatusand
futureprospects ofthe globalenergy system.Aswe moveawayfrom
fossil fuels and toward clean energy solutions, the complexity of the
global energy system has increased. Tagliapietra cuts through this
complexitywithamultidisciplinaryperspectiveofthesystem,which
encompasseseconomics,geopolitics,andbasictechnology.Hegoeson
to explore the main components of the global energy system – oil,
natural gas, coal, nuclear energy, bioenergy, hydropower, geothermal
energy, wind energy, solar energy, marine energy – as well as energy
consumption and energy efficiency. It then provides an in-depth
analysis of the pivotal issues of climate change and of energy access
inAfrica.
simone tagliapietra is Research Fellow at Bruegel and at the
Università Cattolica del Sacro Cuore. He is also Adjunct Professor at
The Johns Hopkins University SAIS Europe and Senior Fellow at the
FondazioneEniEnricoMattei.HeistheauthorofEnergyRelationsin
the Euro-Mediterranean (Palgrave, 2017) and The Geoeconomics of
Sovereign Wealth Funds and Renewable Energy (Claeys & Casteels,
2012).
Published online by Cambridge University Press
Praise for Global Energy Fundamentals
GlobalEnergyFundamentalsaimstoprovideawell-foundedand
wide-rangingdiscourseonenergyissues,throughacomprehensive,
rigorousandfact-basedportrayalofitsfundamentals.
Amultidisciplinaryandfact-basedapproachmakesthebook
ahighlyvaluablereferenceforbothexpertsaswellasforabroader
audienceseekingtoestablishtheprofoundknowledgenecessaryto
understandthefuturedebateonenergysecurity,climatechange
anddevelopmentpolicy.
–OttmarEdenhofer–Director,PotsdamInstitutefor
ClimateImpactResearch
Energyisaglobalissue,affectingworldaffairs,humanwelfare,
pollutionandclimate.Thisinformative,wellwritten,andeasy-to-
graspbookprovidesaguidetothefundamentalsofthisimportant
subject:resources,technologies,economyandpolicy,fromoiland
gastorenewablesanduniversalaccess.Remarkable,refreshing,and
souseful.
–Jean-MichelGlachant–Director,FlorenceSchoolof
Regulation,EuropeanUniversityInstitute
Thisbookisarealinstrumentforthedailywork.Itencompasses
aglobalenergyanalysis;includingitstechnological,economic,
climateandgeopoliticalaspects.Awindowandanintroductionto
understandthegreatestchallengesofourtime,fromclimatechange
toaccesstoenergyindevelopingcountries.
–FrancescoLaCamera–DirectorGeneral,International
RenewableEnergyAgency
GlobalEnergyFundamentalsoffersaconcise,up-to-date,
authoritativeandclearlywrittenaccountofkeyfeaturesofthe
Published online by Cambridge University Press
globalenergysystem.Theauthor,SimoneTagliapietra,isahighly
respectedenergyexpertandanacademicresearcher.Thebook
coversfossilfuels,nuclearenergy,andrenewableenergy,andputs
theseenergyalternativesinthecontextofchangingtechnologies,
globalmarkets,geopolitics,andthechallengesofclimatechange,
decarbonization,andenergyaccessfortheworld’spoor.General
readerswillobtainanoverviewoftheworldenergysystemand
energyspecialistswillgainnewinsightsonthepathwaysto
sustainableenergyforall.
–JeffreyD.Sachs–UniversityProfessor,Columbia
UniversityandDirector,UNSustainable
DevelopmentSolutionsNetwork
Thisnewvolumeprovidesacomprehensive,readable,andtimely
descriptionofthediversesourcesofenergysupplythatexistaround
theworld,withsupplementarymaterialonenergydemand,climate
change,andpressingenergy-accessissuesinAfrica.
–RobertN.Stavins–ProfessorofEnergyandEconomic
Development,JohnF.KennedySchool
ofGovernment,HarvardUniversity
Published online by Cambridge University Press
Published online by Cambridge University Press
Global Energy
Fundamentals
Economics, Politics,
and Technology
simone tagliapietra
Bruegel,BrusselsandUniversitàCattolicadelSacroCuore,Milan
Published online by Cambridge University Press
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CambridgeUniversityPressispartoftheUniversityofCambridge.
ItfurtherstheUniversity’smissionbydisseminatingknowledgeinthepursuitof
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www.cambridge.org
Informationonthistitle:www.cambridge.org/9781108495219
DOI:10.1017/9781108861595
©SimoneTagliapietra2020
Thispublicationisincopyright.Subjecttostatutoryexception
andtotheprovisionsofrelevantcollectivelicensingagreements,
noreproductionofanypartmaytakeplacewithoutthewritten
permissionofCambridgeUniversityPress.
Firstpublished2020
AcataloguerecordforthispublicationisavailablefromtheBritishLibrary.
LibraryofCongressCataloging-in-PublicationData
Names:Tagliapietra,Simone,author.
Title:Globalenergyfundamentals/SimoneTagliapietra,UniversitàCattolicadel
SacroCuore,Milan.
Description:NewYork:CambridgeUniversityPress,2020.|Includes
bibliographicalreferencesandindex.
Identifiers:LCCN2020025097(print)|LCCN2020025098(ebook)|ISBN
9781108495219(hardback)|ISBN9781108861595(ebook)
Subjects:LCSH:Powerresources–Environmentalaspects.|Energyindustries–
Environmentalaspects.|Renewableenergysources.|Climaticchanges.
Classification:LCCHD9502.A2T3242020(print)|LCCHD9502.A2(ebook)|
DDC333.79–dc23
LCrecordavailableathttps://lccn.loc.gov/2020025097
LCebookrecordavailableathttps://lccn.loc.gov/2020025098
ISBN978-1-108-49521-9Hardback
ISBN978-1-108-81770-7Paperback
CambridgeUniversityPresshasnoresponsibilityforthepersistenceoraccuracyof
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anddoesnotguaranteethatanycontentonsuchwebsitesis,orwillremain,
accurateorappropriate.
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Tothememoryofmygrandfather,
VittoreGiovanniTagliapietra
Published online by Cambridge University Press
Published online by Cambridge University Press
Contents
ListofFigures pagexii
ListofTables xv
Preface xvii
1 IntroductiontoGlobalEnergy 1
1.1 IntroductiontoEnergy 1
1.2 GlobalEnergyTrends 2
1.3 EnergyandClimateChange 10
1.4 EnergyAccess 15
1.5 EnergyGeopolitics 20
1.6 KeyTakeaways 25
2 Oil 27
2.1 IntroductiontoOil 27
2.2 OilReserves,Production,andDemand 30
2.3 OilMarketFunctioning 41
2.4 TheInterplayofOil,Economics,andPolitics
inMENAProducingCountries 46
2.5 KeyTakeaways 56
3 NaturalGas 58
3.1 IntroductiontoNaturalGas 58
3.2 NaturalGasReserves,Production,andDemand 61
3.3 NaturalGasMarketsFunctioning 69
3.4 KeyTakeaways 79
4 Coal 81
4.1 IntroductiontoCoal 81
4.2 CoalReserves,Production,Demand,andTrade 83
ix
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x contents
4.3 EnvironmentalandSocialAspectsofCoal 89
4.4 KeyTakeaways 95
5 NuclearEnergy 97
5.1 IntroductiontoNuclearEnergy 97
5.2 NuclearEnergyProduction 104
5.3 OngoingDevelopmentsinNuclearEnergy
Technology 110
5.4 KeyTakeaways 113
6 RenewableEnergy:IntroductionandEstablished
Sources 115
6.1 IntroductiontoRenewableEnergy 115
6.2 Bioenergy 122
6.3 Hydropower 128
6.4 GeothermalEnergy 137
6.5 KeyTakeaways 140
7 RenewableEnergy:NewSources 142
7.1 WindEnergy 142
7.2 SolarEnergy 150
7.3 MarineEnergy 161
7.4 Renewables’SystemIntegrationChallenge 162
7.5 KeyTakeaways 166
8 EnergyConsumptionandEnergyEfficiency 168
8.1 IntroductiontoEnergyConsumptionandEnergy
Efficiency 168
8.2 EnergyConsumptionandEnergyEfficiency
inIndustry 175
8.3 EnergyConsumptionandEnergyEfficiency
inBuildings 177
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