The lifecycle concept is a "cradle to grave" approach to thinking about products, processes, and services, recognizing that all stages have environmental and economic impacts. Any rigorous and meaningful comparison of energy supply options must be done using a lifecycle analysis approach. It has been applied to an increasing number of conventional…

With the stricter environmental regulations and diminishing fossil-fuel reserves, there is now higher emphasis on exploiting various renewable sources of energy. These alternative sources of energy are usually environmentally friendly and emit no pollutants. However, the capital investments for those renewable sources of energy are normally high,…