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Flashcards in Key Words Deck (20):
1

Renewable/sustainable energy

Sources of energy such solar and wind power that are not depleted as they are used.

2

Energy mix

The relative contribution of different energy sources to a country's energy production/consumption.

3

Proved oil resources

Quantities of oil the geological and engineering information indicates with reasonable certainty can be recovered in the future from known reservoirs under existing economic and operating conditions.

4

Fossil fuels

Fuels consisting of hydrocarbons (coal, oil and natural gas), formed by the decomposition of prehistoric organisms in past geological periods.

5

Reserves-to-production (R/P) ratio

The reserves remaining at the end of any year are divided by the production in that year. The result is the length of time that those remaining reserves would last if production were to continue at that level.

6

Supply shock

A significant interruption to supply due to an environmental, economic or political event.

7

OPEC

The Organisation of Petroleum Exporting Countries.

8

Peak oil production

The year in which the world or an individual oil producing country reaches its highest level of production, with production declining thereafter.

9

Coal gasification

A process which converts solid coal into a gas that can be used for power generation.

10

Unconventional natural gas

Natural gas that is more difficult and therefore more expensive to extract than 'conventional' reserves.

11

Fast - breeder reactor

A nuclear reactor in which the chain reaction is maintained mainly by fast neutrons. It is capable of producing more fissionable material than it consumes.

12

Clean coal technology

Power plant processes that both increase the efficiency of coal burning and significantly reduce emissions.

13

Wind farm

A number of wind turbines grouped together at a particular location.

14

Microgeneration

Generations producing electricity with an output of less than 50KW.

15

Foreign direct investment

Overseas investment in physical capital by transnational corporations.

16

Cumulative causation

The process where a significant increase in economic growth can lead to even more growth as more money circulates in the economy.

17

Environmental Impact Analysis

A document required by law detailing all the impacts on the environment of an energy or other project above a certain size.

18

Carbon trading

A company that does not use up the level of emissions it is entitled to can sell the remainder of its entitlement to another company that illiterate above its entitlement.

19

Community energy

Energy produced close to the point of consumption.

20

Repowering

Replacing old wind turbines with new engines which give a better performance.