Modeling Energy Value Chains: Heating

This lecture by the instructor covers the modeling of energy systems, focusing on heating characteristics and energy value chains, with a specific emphasis on petroleum fuels. It discusses the environmental impact of energy transformations and the reduction of greenhouse gas emissions. The concept of value chain is explored in the context of energy supply analysis, considering the quantities and costs of energy production. Additionally, the lecture delves into the heating value for end-users, thermal comfort, and the cost of heating. Various factors affecting petroleum fuel prices, such as refining margins and price formation, are also examined, along with the environmental value and depletion of fossil fuels.