Sustainability 2012, 4(5), 933-957; doi:10.3390/su4050933
Article

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

email
Received: 26 February 2012; in revised form: 25 March 2012 / Accepted: 19 April 2012 / Published: 7 May 2012
(This article belongs to the Special Issue Energy Sustainable Management)
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract: 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.
Keywords: sustainable development; exergy; extended exergy; environmental externalities
PDF Full-text Download PDF Full-Text [854 KB, uploaded 7 May 2012 17:02 CEST]

Export to BibTeX |
EndNote


MDPI and ACS Style

Sciubba, E. A Thermodynamically Correct Treatment of Externalities with an Exergy-Based Numeraire. Sustainability 2012, 4, 933-957.

AMA Style

Sciubba E. A Thermodynamically Correct Treatment of Externalities with an Exergy-Based Numeraire. Sustainability. 2012; 4(5):933-957.

Chicago/Turabian Style

Sciubba, Enrico. 2012. "A Thermodynamically Correct Treatment of Externalities with an Exergy-Based Numeraire." Sustainability 4, no. 5: 933-957.

Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert