Resumen
In the energy realm there is a pressing need to make decisions in a complex world characterized by biophysical limits. Exergy has been promoted as a preferred means of characterizing the impacts of resource consumption and waste production for the purpose of improving decision-making. This paper provides a unique and critical analysis of universal and comprehensive formulations of the chemical exergy reference environment, for the purpose of better understanding how exergy can inform decision-making. Four related insights emerged from the analysis, notably: (1) standard and universal chemical exergy reference environments necessarily encounter internal inconsistencies and even contradictions in their very formulations; (2) these inconsistencies are a result of incompatibility between the exergy reference environment and natural environment, and the desire to model the exergy reference environment after the natural environment so as to maintain analytical relevance; (3) the topics for which exergy is most appropriate as an analytical tool are not well served by comprehensive reference environments, and (4) the inconsistencies point to a need for deeper reflection of whether it is appropriate to adopt a thermodynamic frame of analysis for situations whose relevant characteristics are non-thermodynamic (e.g., to characterize scarcity). The use of comprehensive reference environments may lead to incorrect recommendations and ultimately reduce its appeal for informing decision-making. Exergy may better inform decision-making by returning to process dependent reference states that model specific processes and situations for the purpose of engineering optimization.