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Chapter 1: Introduction The importance of energy in the world has become higher as we have developed new technologies which help make our lives easier and more productive. Energy is needed everywhere from transportation to housing and plays a fundamental role in how the world is today. Currently, much of the world’s energy is derived from fossil fuels which are an unsustainable resource. A small amount of provinces rely on low impact sources such as nuclear and hydro (Ontario and Quebec for example). As it becomes harder to exploit oil and gas deposits in the world, the price of energy is increasing. Coupled with increasing demand due to increased technology implementation and population, sustainable alternatives are becoming more important as time goes on. According to the International Energy Agency energy, coal accounts for nearly half of the increase in global energy use over the past decade. The bulk of this growth is due to the power sector in emerging economies (International Energy Agency, 2011). This has adverse effects on the environment due to increased CO2 and other harmful emissions. Sustainable energy sources play a large role in replacing current fossil fuel energy sources. Apart from hydroelectric production, wind and solar technologies are gaining wide acceptance. Capacity for wind and solar is increasing, especially in Ontario where government subsidies such as the Feed-in-Tariff program help promote investment in sustainable energy projects by paying higher rates for electricity production. While solar photovoltaic and wind energy are gaining ground through government subsidies, there are many other forms of sustainable energy which can provide a replacement to conventional fossil fuels with low environmental impact. Low temperature 1PDF Image | Exergoeconomic Analysis and Optimization of ORC
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