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A Dynamic Function for Energy Return on Investment

Author

Listed:
  • Michael Dale

    () (Advanced Energy and Material Systems (AEMS) Lab, Department of Mechanical Engineering, University of Canterbury, Christchurch 8041, New Zealand)

  • Susan Krumdieck

    () (Advanced Energy and Material Systems (AEMS) Lab, Department of Mechanical Engineering, University of Canterbury, Christchurch 8041, New Zealand)

  • Pat Bodger

    () (Electrical and Computer Engineering, University of Canterbury, Christchurch 8041, New Zealand)

Abstract

Most estimates of energy-return-on-investment (EROI) are “static”. They determine the amount of energy produced by a particular energy technology at a particular location at a particular time. Some “dynamic” estimates are also made that track the changes in EROI of a particular resource over time. Such approaches are “bottom-up”. This paper presents a conceptual framework for a “top-down” dynamic function for the EROI of an energy resource. This function is constructed from fundamental theoretical considerations of energy technology development and resource depletion. Some empirical evidence is given as corroboration of the shape of the function components.

Suggested Citation

  • Michael Dale & Susan Krumdieck & Pat Bodger, 2011. "A Dynamic Function for Energy Return on Investment," Sustainability, MDPI, Open Access Journal, vol. 3(10), pages 1-14, October.
  • Handle: RePEc:gam:jsusta:v:3:y:2011:i:10:p:1972-1985:d:14376
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    References listed on IDEAS

    as
    1. Cleveland, Cutler J., 2005. "Net energy from the extraction of oil and gas in the United States," Energy, Elsevier, vol. 30(5), pages 769-782.
    2. Junginger, M. & Faaij, A. & Turkenburg, W. C., 2005. "Global experience curves for wind farms," Energy Policy, Elsevier, vol. 33(2), pages 133-150, January.
    3. Cleveland, Cutler J. & Kaufmann, Robert K. & Stern, David I., 2000. "Aggregation and the role of energy in the economy," Ecological Economics, Elsevier, vol. 32(2), pages 301-317, February.
    4. Cleveland, Cutler J., 1993. "An exploration of alternative measures of natural resource scarcity: the case of petroleum resources in the U.S," Ecological Economics, Elsevier, vol. 7(2), pages 123-157, April.
    5. Liu, Zhicen & Koerwer, Joel & Nemoto, Jiro & Imura, Hidefumi, 2008. "Physical energy cost serves as the "invisible hand" governing economic valuation: Direct evidence from biogeochemical data and the U.S. metal market," Ecological Economics, Elsevier, vol. 67(1), pages 104-108, August.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Zhaoyang Kong & Xiucheng Dong & Bo Xu & Rui Li & Qiang Yin & Cuifang Song, 2015. "EROI Analysis for Direct Coal Liquefaction without and with CCS: The Case of the Shenhua DCL Project in China," Energies, MDPI, Open Access Journal, vol. 8(2), pages 1-22, January.
    2. repec:gam:jeners:v:11:y:2018:i:2:p:313-:d:129815 is not listed on IDEAS
    3. repec:eee:renene:v:116:y:2018:i:pa:p:258-271 is not listed on IDEAS
    4. Court, Victor & Fizaine, Florian, 2017. "Long-Term Estimates of the Energy-Return-on-Investment (EROI) of Coal, Oil, and Gas Global Productions," Ecological Economics, Elsevier, vol. 138(C), pages 145-159.
    5. Raugei, Marco & Sgouridis, Sgouris & Murphy, David & Fthenakis, Vasilis & Frischknecht, Rolf & Breyer, Christian & Bardi, Ugo & Barnhart, Charles & Buckley, Alastair & Carbajales-Dale, Michael & Csala, 2017. "Energy Return on Energy Invested (ERoEI) for photovoltaic solar systems in regions of moderate insolation: A comprehensive response," Energy Policy, Elsevier, vol. 102(C), pages 377-384.
    6. Dale, M. & Krumdieck, S. & Bodger, P., 2012. "Global energy modelling — A biophysical approach (GEMBA) Part 2: Methodology," Ecological Economics, Elsevier, vol. 73(C), pages 158-167.
    7. Bo Xu & Lianyong Feng & William X. Wei & Yan Hu & Jianliang Wang, 2014. "A Preliminary Forecast of the Production Status of China’s Daqing Oil field from the Perspective of EROI," Sustainability, MDPI, Open Access Journal, vol. 6(11), pages 1-21, November.
    8. repec:eee:appene:v:209:y:2018:i:c:p:322-338 is not listed on IDEAS

    More about this item

    Keywords

    EROI; net energy; energy-return-on-investment;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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