4) Using additional information on energy prices (Table 2) and energy conversion factors (Table...

Question

4) Using additional information on energy prices (Table 2) and energy conversion factors (Table 3):
?calculate energy intensity trends of the Australian economy that reflect both quantitative
and qualitative aspects of energy, based on the concept derived from the Törnqvist index
approach (present both energy intensity trends in graphical format);
?comparethe energy intensity trends andcommenton your findings in terms of informing
therealenergy efficiency improvements in the Australian economy (no more than two dot
points with each dot point no more than four lines).
5) Provide aphilosophical perspectiveon the:
?methodology adopted to assess the contribution of various factors to changes in final energy
consumption, and
?assumption used to quantify energy intensity trend that captures the qualitative attributes
of energy.
(no more than two dot points with each dot point no more than four lines)

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David · Accepted Answer

Answer: 
Quantity aspects of energy can be given by plotting the graph of variation of prices since 1980 to 
2012. 
1. Quantitative aspect for coal is shown in the graph below
 
 
We can see from the graph price for the coal decreases until 2003 after that it increase 
slightly. It depends upon the production and demands of coal in the following year. 
2.  Quantity aspect for oil products 
 
 
 -
 20.00
 40.00
 60.00
 80.00
 100.00
 120.00
 140.00
1970 1980 1990 2000 2010 2020
Coal $/tonne 
Coal $/tonne
 -
 0.20
 0.40
 0.60
 0.80
 1.00
 1.20
 1.40
 1.60
 1.80
1970 1980 1990 2000 2010 2020
Oil products $/Litre 
Oil products $/Litre
3. Quantity aspect for Natural gas 
 
4.

4) Using additional information on energy prices (Table 2) and energy conversion factors (Table 3): ?calculate energy intensity trends of the Australian economy that reflect both quantitative and...

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