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Handbook of Energy and Environment Policy

Edited By Celil Aydin and Burak Darici

The book deals with the broad perspectives on the energy and environment topics and questions the traditional view on energy and environment policy and issues. Nowadays, energy and environmental issues can be accepted as the related subjects by the whole world. The link between energy and environment is backed to the time when only nature's primary resources were used. Primitive societies’ energy demand was small compared to the forces of the environment. With the emergence of industrial nations, the importance of energy and environment relation appeared again.

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1 Energy Demand

Extract

İsmail Kavaz and Erdal T. Karagöl

1   Energy Demand

Introduction

Energy is crucial for modern economies. Especially in the industrialized countries, energy is needed for sustainable economic growth. For this reason, secure and continuous energy supply should be provided. In the case of insufficient generation of energy, economic activities would slow down, and life quality would reduce. In this context, it is necessary to produce sufficient energy resources to obtain economic and social development. Therefore, actors in the energy markets want to know the amount of energy that would be consumed. In other words, estimating the quantity of energy demanded is very important for countries, institutions, and individuals.

Energy demand is the quantity of energy required by individuals and institutions for the realization of consumption and economic activities. Bhattacharyya and Timilsina (2009) define energy as a derived demand. That is, energy is not demanded for its own sake. It is demanded for the services it provides like heating, lighting, and power. When considered from this point of view, energy is a demand for the services it generates with the capital stock at a certain period.

Indeed, energy demand is a wide concept that needs to be revealed before analysing the models used for demand estimation and prediction. In general terms, energy demand can be classified under two headings: the primary energy demand and the secondary energy demand.

The primary energy demand represents the country’s total energy demand...

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