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Appraising world energy prospects
Author(s) -
Clarke A. W.,
Hart T. F.
Publication year - 1980
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.4090010202
Subject(s) - energy demand , renewable energy , fossil fuel , energy (signal processing) , economics , natural resource economics , energy planning , environmental economics , nuclear power , business , engineering , ecology , statistics , mathematics , electrical engineering , biology , waste management
The authors begin by outlining a multi‐scenario technique for coping with future uncertainty in assessments of the business environment for energy planning. The discussion then leads to a quantification of world energy demand under two exploratory scenarios, whose results are compared with published forecasts. Analysis of the components of demand highlights the importance of the Third World. After a review of the world's fossil fuel resources, the likely effective availability of oil and other energy sources (including nuclear power and the renewables) is set against the scenario levels of energy demand. The paper ends with a summary of the implications for action in the field of energy.