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Renewable Energy, 5th Edition by Bent Sørensen

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7

Socioeconomic assessment

Abstract

As ingredients in socioeconomic assessments, social values, monetary economies, market economy, inflation, and break-even calculations are introduced. After a brief summary of current implementations of neo-liberal concepts and ongoing debates on shortcomings such as neglect of indirect components (environment, health, etc.), the method of analysis called Life-cycle analysis is described and applied to a number of examples from the energy sector.

Keywords

Monetizing; Social values; Economic theory; Indirect economy; Break-even prices; Inflation; Life-cycle analysis; Life-cycle assessment; National economy; Global economy; Energy system LCA

7.1 Social and economic framework

The choice of energy systems, like any other ...

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