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Purpose – Natural gas (NG) consumption is increasing at an alarming rate, and more than 50 percent of this gas is used in generating electric power (EP) and desalted seawater (DW) in what is called cogeneration power desalting plants (CPDP). In this context, the purpose of this paper is to...
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primarily with energy is called thermodynamics. The study of thermodynamics yields the central link between economic activity … and its environmental impact. Understanding basic insights of thermodynamics enables decision-makers in environmental … connection between physical work and heat. Then we explain the two main Laws of Thermodynamics and go into detail about the …
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This paper explores general equilibrium consumption choices and interest rate determination in a two-period model in which the production side explicitly describes the thermodynamic process unavoidably connected with production, as argued by Georgescu Roegen. A simple energy based production...
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