2.13. Revenues and Externalities This section summarizes the economic and financial analysis supporting the market assessment and provides the market and price inputs used for analysis of revenues. The analysis considered demand for energy and competing supply (including prices) in different regions of the world. The analysis considered the economics of electricity production now and likely future trends, and in particular considered externalities (economic costs not captured by market mechanisms). The analysis was global in scope and focused primarily on electricity, although it did consider all commercial forms of energy. 2.1.4. Section Contents The section first provides a long-term energy forecast, drawn from US-govemment publications and additional analysis by government, industry, and university economists. The energy forecast (2.1, Energy Forecast) covers demand for energy and electricity over the next several decades. The Section then provides a summary of the outlook for competing sources of energy — the supply side of the energy equation (2.2, Outlook for Competing Sources of Energy) — providing information on projected future levels of use of oil, coal, natural gas, nuclear power, and renewable energy resources, by world region. The section also describes the process used to define future markets in terms of the type of demand for energy and to link those markets to specific geographical regjons(2.3, Market Segment Definition). This linkage enabled the study team to determine whether markets would be accessible by a space solar power satellite and to estimate the resulting revenues. Prices were calculated for each market for different types of energy demand (peak load, baseload, and hybrid power) (2.4, Price Analysis). Finally, factors affecting the willingness of capital markets to finance electricity production infrastructure were considered (2.5, Financing), as were external factors such as the costs of pollution associated with energy production (2.6, External Factors).
RkJQdWJsaXNoZXIy MTU5NjU0Mg==