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Energy Return on Energy Investment

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Energy Sustainability".

Deadline for manuscript submissions: closed (30 June 2021) | Viewed by 5384

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Guest Editor
Department of Environment Systems, Graduate School of Frontier Sciences, The University of Tokyo, Tokyo, Japan
Interests: seismic exploration; rock physics; gas hydrates; geothermal energy; energy return on energy investment
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Special Issue Information

Dear Colleagues,

Various studies have been conducted over the past half-century on the qualitative assessment of the degree to which the use of our energy resources can actually contribute to society. Systems ecologist Howard T. Odum, known as the progenitor of a qualitative energy assessment, first advanced the concept of “net energy” in the 1970s, which is essentially the energy obtained from an energy source minus the energy used in its acquisition and concentration (the energy investment or energy cost). One way to mathematically express the net energy is the EROI (energy return on investment), which was defined by Charles A.S. Hall in the late 1970s and 1980s as the ratio of the total energy gained from an energy production process to the energy invested in its acquisition. The estimation of EROI can provide useful insight for examining the advantages and disadvantages of different fuels in the energy production process, and is constantly being improved in terms of the protocol for the calculation and the system boundary. On the other hand, there are still many challenges, such as data uncertainty, in EROI estimation. Many EROI studies have focused on oil and gas resources, which are the most important to every aspect of our society, and have concluded that the EROI for oil and gas has declined over the past one to two decades. Although in recent years, much attention has been paid to EROI estimation for renewable energy resources, the future EROI trends for renewable energy resources are very uncertain. Several studies imply that such a declining EROI may have a large impact on the world economy and quality of life.

This Special Issue provides an opportunity for the further discussion of the potential benefits and challenges of EROI-related studies. We welcome submissions from a wide range of contributors in any area of EROI.

Prof. Dr. Jun Matsushima
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • energy return on investment (EROI)
  • net energy analysis
  • energy quality
  • resource depletion
  • biophysical economics

Published Papers (2 papers)

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Research

45 pages, 2064 KiB  
Article
An Auxiliary Index for Reducing Brent Crude Investment Risk—Evaluating the Price Relationships between Brent Crude and Commodities
by Yu-Wei Chen, Chui-Yu Chiu and Mu-Chun Hsiao
Sustainability 2021, 13(9), 5050; https://0-doi-org.brum.beds.ac.uk/10.3390/su13095050 - 30 Apr 2021
Cited by 3 | Viewed by 2821
Abstract
Examining the price relationships of Brent Crude with 78 global commodities, our study shows that the spot price of a certain commodity, New York Harbor No. 2 Heating Oil Spot Price FOB, can serve as an auxiliary forecasting index of the rise and [...] Read more.
Examining the price relationships of Brent Crude with 78 global commodities, our study shows that the spot price of a certain commodity, New York Harbor No. 2 Heating Oil Spot Price FOB, can serve as an auxiliary forecasting index of the rise and fall of the monthly Brent Crude oil price. With an innovative view for evaluating the price relationship and prediction based on simple, practical measurement, our findings provide a helpful auxiliary index tool for investors and analysts by offering a high success rate (82.98%) and predicting the rise and fall of the monthly Brent Crude oil price three weeks in advance. Full article
(This article belongs to the Special Issue Energy Return on Energy Investment)
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13 pages, 2052 KiB  
Article
Savings and Investment Decisions in the Polish Energy Sector
by Arkadiusz J. Derkacz and Agnieszka Dudziak
Sustainability 2021, 13(2), 553; https://0-doi-org.brum.beds.ac.uk/10.3390/su13020553 - 08 Jan 2021
Cited by 6 | Viewed by 1969
Abstract
The paper presents the results of empirical studies of the energy sector in Poland in the period 2005–2020. The main research problem was the impact of gross savings of changes in gross investment levels in this sector. To this end, we used a [...] Read more.
The paper presents the results of empirical studies of the energy sector in Poland in the period 2005–2020. The main research problem was the impact of gross savings of changes in gross investment levels in this sector. To this end, we used a formula determining the value of private investments from the theory of the economic dynamism of M. Kalecki. First, we checked its adjustment to the economic reality of the energy sector and analysed the impact of individual independent variables on gross investment levels. We calculated linear regression and correlation coefficients in two variants due to delays between investments and investment decisions. The results of the studies justified the hypothesis. According to it, gross investments in the Polish energy sector are determined by the level of gross savings of companies. Full article
(This article belongs to the Special Issue Energy Return on Energy Investment)
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