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A Thermodynamically Correct Treatment of Externalities with an Exergy-Based Numeraire

Listed author(s):
  • Enrico Sciubba


    (Department of Mechanical & Aerospace Engineering, University of Rome 1 La Sapienza, Rome, Italy)

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    The concept of “sustainable development” implies that the environmental externalities unavoidably generated by human activities be reduced to a minimum: In fact, the very definition of “sustainability” leads—as it will be briefly discussed in the paper—to a physically measurable upper limit for untreated discharges. Since the current state of affairs on Earth is far from being sustainable, any proposal for a future scenario that is not substantiated by an accurate assessment of the effects of the environmental externalities is devoid of real sense and ought not to be pursued. The present paper illustrates the application of Extended Exergy Accounting (EEA) to the quantification of such externalities. The exergy flow diagrams of EEA include non-material and non-energetic production factors like labor, and capital and environmental remediation costs, providing a quantitative measure of the amount of primary resources that are cumulatively used in the production of a good or service, and it is shown to provide a wealth of quantitative information to energy managers and planners.

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    Article provided by MDPI, Open Access Journal in its journal Sustainability.

    Volume (Year): 4 (2012)
    Issue (Month): 5 (May)
    Pages: 1-25

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    Handle: RePEc:gam:jsusta:v:4:y:2012:i:5:p:933-957:d:17592
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    1. Wall, Göran & Sciubba, Enrico & Naso, Vincenzo, 1994. "Exergy use in the Italian society," Energy, Elsevier, vol. 19(12), pages 1267-1274.
    2. Ptasinski, K.J. & Koymans, M.N. & Verspagen, H.H.G., 2006. "Performance of the Dutch Energy Sector based on energy, exergy and Extended Exergy Accounting," Energy, Elsevier, vol. 31(15), pages 3135-3144.
    3. Milia, Daniela & Sciubba, Enrico, 2006. "Exergy-based lumped simulation of complex systems: An interactive analysis tool," Energy, Elsevier, vol. 31(1), pages 100-111.
    4. Lozano, M.A. & Valero, A., 1993. "Theory of the exergetic cost," Energy, Elsevier, vol. 18(9), pages 939-960.
    5. Talens Peiró, L. & Villalba Méndez, G. & Sciubba, E. & Gabarrell i Durany, X., 2010. "Extended exergy accounting applied to biodiesel production," Energy, Elsevier, vol. 35(7), pages 2861-2869.
    6. Ayres, Robert U & Kneese, Allen V, 1969. "Production , Consumption, and Externalities," American Economic Review, American Economic Association, vol. 59(3), pages 282-297, June.
    7. Seckin, C. & Sciubba, E. & Bayulken, A.R., 2012. "An application of the extended exergy accounting method to the Turkish society, year 2006," Energy, Elsevier, vol. 40(1), pages 151-163.
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