Class Notes (839,081)
Canada (511,183)

November 6, 3B03 Lecture notes.docx

3 Pages

Political Science
Course Code
Richard Stubbs

This preview shows page 1. Sign up to view the full 3 pages of the document.
Started on: 11/6/2013 5:38:00 AM Last saved on: 11/10/2013 5:58:00 PM C LASS N OTES FOR : 3B03 McMaster University, Fall 2013 W EDNESDAY , NOVEMBER 6, 2013 C RISIS PERIODS THAT PROMPTED DEVELOPMENT INTO ALTERNATIVE SOURCES OF ENERGY Energy Crisis – Yom Kippur War / Oil Embargo - Japan and reducing energy using in manufacturing - OPEC and prices of oil E XPLORATION OF OIL / LUCTUATIONS - Increase in the amount of oil that is being produced - Slowly an increase in the amount of factors - Peak oil: point at which production will reach a peak and then production will start going down; - Volatility in prices with the Iraq War - As economies tank, so do the use of oil goes down - Fluctuations  Crisis  Prompts explorations - Solar energy and wind power go back to 1973 o Questions around solar energy and wind power during this time o Investment, not much by the private venture capital, but by Governments  Government in particular in looking at wind power  Denmark  German development st o Not seen a lot of growth in solar energy or wind power until the 21 century o Though there has been research funded by the governments Patient Capital - By Government Impatient Capital - By venture capitalist / later development of wind power and solar energy after “patient” capital development E NTREPRENEURIAL STATE Subsectors of venture capital within clean energy; Low Capital Intensity of Project / Low tech. risk - Wind and solar components of proven technologies - Internal combustion engines - Insulation / building material - Energy efficiency services High capital intensity of project / Low tech. risk - Wind farms - Utility scale solar - First-gen biofuel refineries - Fabs for solar cells using established technologies High capital intensity of project / High tech. risk PATIENT CAPITAL IMPORTANT 1 Started on: 11/6/2013 5:38:00 AM Last saved on: 11/10/2013 5:58:00 PM - First commercial plans for unproven solar cells technologies - Advanced biofuel refineries - Offshore wind farms - Carbon sequestration Low capital intensity of project / High tech. risk - Energy efficiency software - Lightning - Electric drive trains - Fuel cells / power storage - Wind and solar components of unproven technologies C ONSIDERATIONS FOR E NERGY - Sources o Hydro o Oil o Gas o Wind o Solar o Nuclear o Etc. - Market o Neo-Liberal: allow the market to tell which sources to develop o However, there are arguments where the Government needs to shape the market; in order
More Less
Unlock Document

Only page 1 are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.