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A coal mine in Wyoming, United States. Coal, produced over millions of years, is a finite and non-renewable resource on a human time scale.. A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. [1]
Renewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable (naturally replenished). About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass , which is mainly used for heating , and 3.4% from hydroelectricity .
Outlook On Renewable Energy In America: American Council on Renewable Energy: 2007 The Party's Over: Oil, War, and the Fate of Industrial Societies: Richard Heinberg: 2003 Plows, Plagues and Petroleum: How Humans Took Control of Climate: William Ruddiman: 2005 Power Down: Options and Actions for a Post-Carbon World: Richard Heinberg: 2004
Hotelling's rule is a 1938 economic model of non-renewable resource management by Harold Hotelling. It shows that efficient exploitation of a nonrenewable and nonaugmentable resource would, under otherwise stable economic conditions, lead to a depletion of the resource.
Renewable energy replaces conventional fuels in four distinct areas: electricity generation, air and water heating/cooling, motor fuels, and rural (off-grid) energy services. [2] Based on REN21's 2014 report, renewables contributed 19 percent to our global energy consumption and 22 percent to our electricity generation in 2012 and 2013 ...
[2] In the report, the IPCC said "as infrastructure and energy systems develop, in spite of the complexities, there are few, if any, fundamental technological limits to integrating a portfolio of renewable energy technologies to meet a majority share of total energy demand in locations where suitable renewable resources exist or can be supplied ...
Hotelling's rule defines the net price path as a function of time while maximizing economic rent in the time of fully extracting a non-renewable natural resource.The maximum rent is also known as Hotelling rent or scarcity rent and is the maximum rent that could be obtained while emptying the stock resource.
Water undergoes electrolysis at high temperatures to form hydrogen gas and oxygen gas. The energy to perform this is extracted from renewable sources such as wind power. Then, the hydrogen is reacted with compressed carbon dioxide captured by direct air capture. The reaction produces blue crude which consists of hydrocarbon.