Please view the posters presented at the 18th Annual CityTech Faculty and Student Research Poster Session below. You can click on each poster to enlarge it and view the PDF version under the poster abstract.
We thank all presenters for sharing their innovative and informative research with the CityTech community and beyond!
23. The Economics Of Power Generation From Renewable And Non-renewable Energy Sources
An empirical analysis of trends in supplies, costs and prices connected with energy production indicate that low-cost and low-carbon intensive fuels, shale gas being a prominent example, as well as the development of solar and wind energy, will greatly contribute to the transition to a low-carbon economy. We have observed a significant decline in natural gas prices that is associated with a surge in production. The current research presented here studies the behavior of the production and cost of different fossil fuels, as well as renewable sources of electricity generation. Costs are incorporated in a theoretical dynamic-optimization model. Due to the continuous decline in costs of clean energy production, global electricity capacity has accelerated, especially solar and wind capacities. Investments in renewable energy have increased significantly in recent years. Numerical solutions of the dynamic non-linear model in our research suggest that promoting renewable energy would contribute to efforts to reduce carbon emissions. View or download a PDF version of this poster.
