RELATIONSHIP BETWEEN EXERGY, ENERGY, ECONOMICS AND ENVIRONMENT

Abstract

Energy analysis of process has gained popularity overtime and has been used in detecting, quantifying and minimising inefficiencies in processes. This paper illustrates these and goes a step further in showing the relationship between exergy, energy, economics and environment. In today’s world of energy sensitivity, environmental concern and economics nose diving an understanding of exergy and its impact among these ties becomes highly significant. The study shows the potential usefulness of exergy analysis in solving energy related environmental problems, and in reducing cost of operating and designing process and hence, ultimately leading to sustainable development.