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Access to new sources of energy and their efficient conversion to provide useful work have been key drivers of economic growth since the industrial revolution. Western countries now need to transform their energy systems and move away from the single-minded pursuit of economic growth in order to reduce our carbon emissions, and to allow the environmental space for other countries to develop in a more sustainable way. Achieving this requires understanding of the dynamics of economic and industrial change with appreciation of the dependence of economies on ecological systems. Energy and Economic Growth thus examines the links between three issues: history of energy sources, technologies and uses; ecological challenges associated with the current dominant economic growth paradigm; and the future low carbon energy transition to mitigate human-induced climate change. Providing a historical understanding of the relevant connections between physical, social and economic changes, the book enables the reader to better understand the connection between their own energy use and global economic and environmental systems, and to be able to ask the right questions of our political and business leaders. This is a valuable resource for students, scholars and policy makers with an interest in energy, climate change and economic thinking.
Book Synopsis Energy and Economic Growth by : Timothy J. Foxon
Download or read book Energy and Economic Growth written by Timothy J. Foxon and published by Routledge. This book was released on 2017-10-18 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Access to new sources of energy and their efficient conversion to provide useful work have been key drivers of economic growth since the industrial revolution. Western countries now need to transform their energy systems and move away from the single-minded pursuit of economic growth in order to reduce our carbon emissions, and to allow the environmental space for other countries to develop in a more sustainable way. Achieving this requires understanding of the dynamics of economic and industrial change with appreciation of the dependence of economies on ecological systems. Energy and Economic Growth thus examines the links between three issues: history of energy sources, technologies and uses; ecological challenges associated with the current dominant economic growth paradigm; and the future low carbon energy transition to mitigate human-induced climate change. Providing a historical understanding of the relevant connections between physical, social and economic changes, the book enables the reader to better understand the connection between their own energy use and global economic and environmental systems, and to be able to ask the right questions of our political and business leaders. This is a valuable resource for students, scholars and policy makers with an interest in energy, climate change and economic thinking.
Energy Global energy demand has more than doubled since 1970. The use of energy is strongly related to almost every conceivable aspect of development: wealth, health, nutrition, water, infrastructure, education and even life expectancy itself are strongly and significantly related to the consumption of energy per capita. Many development indicators are strongly related to per-capita energy consumption. Fossil fuel is the most conventional source of energy but also increases greenhouse gas emissions. The economic development of many countries has come at the cost of the environment. However, it should not be presumed that a reconciliation of the two is not possible. The nexus concept is the interconnection between the resource energy, water, food, land, and climate. Such interconnections enable us to address trade-offs and seek synergies among them. Energy, water, food, land, and climate are essential resources of our natural environment and support our quality of life. Competition between these resources is increasing globally and is exacerbated by climate change. Improving resilience and securing resource availability would require improving resource efficiency. Many policies and programs are announced nationally and internationally for replacing the conventional mode and also emphasizing on conservation of fossil fuels and reuse of exhausted energy, so a gap in implications and outcomes can be broadly traced by comparing the data. This book aims to highlight problems and solutions related to conventional energy utilization, formation, and multitudes of ecological impacts and tools for the conservation of fossil fuels. The book also discusses modern energy services as one of the sustainable development goals and how the pressure on resource energy disturbs the natural flows. The recent advances in alternative energy sources and their possible future growth are discussed and on how conventional energy leads to greenhouse gas formation, which reduces energy use efficiency. The different policies and models operating is also addressed, and the gaps that remained between them. Climate change poses a challenge for renewable energy, and thus it is essential to identify the factors that would reduce the possibility of relying on sustainable energy sources. This book will be of interest to researchers and stakeholders, students, industries, NGOs, and governmental agencies directly or indirectly associated with energy research.
Book Synopsis Energy by : Pardeep Singh
Download or read book Energy written by Pardeep Singh and published by John Wiley & Sons. This book was released on 2021-09-06 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy Global energy demand has more than doubled since 1970. The use of energy is strongly related to almost every conceivable aspect of development: wealth, health, nutrition, water, infrastructure, education and even life expectancy itself are strongly and significantly related to the consumption of energy per capita. Many development indicators are strongly related to per-capita energy consumption. Fossil fuel is the most conventional source of energy but also increases greenhouse gas emissions. The economic development of many countries has come at the cost of the environment. However, it should not be presumed that a reconciliation of the two is not possible. The nexus concept is the interconnection between the resource energy, water, food, land, and climate. Such interconnections enable us to address trade-offs and seek synergies among them. Energy, water, food, land, and climate are essential resources of our natural environment and support our quality of life. Competition between these resources is increasing globally and is exacerbated by climate change. Improving resilience and securing resource availability would require improving resource efficiency. Many policies and programs are announced nationally and internationally for replacing the conventional mode and also emphasizing on conservation of fossil fuels and reuse of exhausted energy, so a gap in implications and outcomes can be broadly traced by comparing the data. This book aims to highlight problems and solutions related to conventional energy utilization, formation, and multitudes of ecological impacts and tools for the conservation of fossil fuels. The book also discusses modern energy services as one of the sustainable development goals and how the pressure on resource energy disturbs the natural flows. The recent advances in alternative energy sources and their possible future growth are discussed and on how conventional energy leads to greenhouse gas formation, which reduces energy use efficiency. The different policies and models operating is also addressed, and the gaps that remained between them. Climate change poses a challenge for renewable energy, and thus it is essential to identify the factors that would reduce the possibility of relying on sustainable energy sources. This book will be of interest to researchers and stakeholders, students, industries, NGOs, and governmental agencies directly or indirectly associated with energy research.
Energy is becoming a prominent driver of economic development. Each year, billions of dollars are invested around the world by the public and private sectors in low-emissions energy development and energy efficiency planning. Energy-based economic development (EBED) is a domain that seizes the opportunities inherent in clean energy development to drive innovation and generate economic growth. Energy-based economic development: How clean energy can drive development and stimulate economic growth delivers working definitions, common approaches, descriptions of supportive policy mechanisms, and suggested metrics for evaluation. The book offers a unified framework for EBED that is supported by examples and leaves readers better equipped to design, plan, and implement EBED initiatives. Case studies illustrate how national and subnational initiatives adopt to a locale’s energy asset base, energy and economic development needs, and the context in which the initiative operates. Descriptions of the energy projects supported by the American Recovery and Reinvestment Act offer insights about what worked and what did not and suggest ways in which governments can be better prepared to manage EBED projects in the future. This book provides the tools necessary to work toward simultaneous energy and economic development goals and facilitates discussion for an advanced policy agenda of energy efficiency, energy diversification, innovation-led economic growth, and job creation.
Book Synopsis Energy-Based Economic Development by : Sanya Carley
Download or read book Energy-Based Economic Development written by Sanya Carley and published by Springer. This book was released on 2014-07-08 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy is becoming a prominent driver of economic development. Each year, billions of dollars are invested around the world by the public and private sectors in low-emissions energy development and energy efficiency planning. Energy-based economic development (EBED) is a domain that seizes the opportunities inherent in clean energy development to drive innovation and generate economic growth. Energy-based economic development: How clean energy can drive development and stimulate economic growth delivers working definitions, common approaches, descriptions of supportive policy mechanisms, and suggested metrics for evaluation. The book offers a unified framework for EBED that is supported by examples and leaves readers better equipped to design, plan, and implement EBED initiatives. Case studies illustrate how national and subnational initiatives adopt to a locale’s energy asset base, energy and economic development needs, and the context in which the initiative operates. Descriptions of the energy projects supported by the American Recovery and Reinvestment Act offer insights about what worked and what did not and suggest ways in which governments can be better prepared to manage EBED projects in the future. This book provides the tools necessary to work toward simultaneous energy and economic development goals and facilitates discussion for an advanced policy agenda of energy efficiency, energy diversification, innovation-led economic growth, and job creation.
Top-drawer scenario builders map a unique array of 'big picture' global outcomes shaped by energy prices, economic growth, and global harmony. Better still, they give the reader tools to build her own scenarios. An essential reference for experts concerned with geopolitical and geoeconomic futures. -- Gary Clyde Hufbauer, Reginald Jones Senior Fellow, Peterson Institute for International Economics The way the authors have integrated the International Futures model into scenario analysis is very instructive and amounts to a useful methodological contribution to the literature on scenario analysis. As an energy economist, I also appreciate that the book adds to the usual energy market forecasting exercises that take economic growth as exogenous to the energy markets and ignore political factors. -- Peter Hartley, Mitchell Professor of Economics and Rice Scholar in Energy Studies at the Baker Institute, Rice University Evan Hillebrand and Stacy Closson have written an interesting and original book in which they analyze several different scenarios for economic growth, energy prices, and international conflict over the next forty years in an engaging and accessible style. I recommend this book to anyone who wishes to understand the range of possible futures. -- James Morrow, Professor of Political Science, University of Michigan
Book Synopsis Energy, Economic Growth, and Geopolitical Futures by : Evan Hillebrand
Download or read book Energy, Economic Growth, and Geopolitical Futures written by Evan Hillebrand and published by MIT Press. This book was released on 2015-03-27 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Top-drawer scenario builders map a unique array of 'big picture' global outcomes shaped by energy prices, economic growth, and global harmony. Better still, they give the reader tools to build her own scenarios. An essential reference for experts concerned with geopolitical and geoeconomic futures. -- Gary Clyde Hufbauer, Reginald Jones Senior Fellow, Peterson Institute for International Economics The way the authors have integrated the International Futures model into scenario analysis is very instructive and amounts to a useful methodological contribution to the literature on scenario analysis. As an energy economist, I also appreciate that the book adds to the usual energy market forecasting exercises that take economic growth as exogenous to the energy markets and ignore political factors. -- Peter Hartley, Mitchell Professor of Economics and Rice Scholar in Energy Studies at the Baker Institute, Rice University Evan Hillebrand and Stacy Closson have written an interesting and original book in which they analyze several different scenarios for economic growth, energy prices, and international conflict over the next forty years in an engaging and accessible style. I recommend this book to anyone who wishes to understand the range of possible futures. -- James Morrow, Professor of Political Science, University of Michigan
It gives me great pleasure to review this important book. I recommend it highly to any physicist with an interest or curiosity about this economy thing within which we operate. . . There is no excuse not to get this invaluable volume onto your bookshelf. Simon Roberts, Institute of Physics Energy Group This book addresses a very important topic, namely economic growth analysis from the angle of energy and material flows. The treatment is well balanced in terms of research and interpretation of the broader literature. The book not only contains a variety of empirical indicators, statistical analyses and insights, but also offers an unusually complete and pluralistic view on theorizing about economic growth and technological change. This results in a number of refreshing perspectives on known ideas and literatures. The text is so attractively written that I found it very difficult to stop reading. All in all, this is a very original and important contribution to the everlasting debate on growth versus environment. Jeroen C.J.M. van den Bergh, University of Barcelona, Spain and Free University, Amsterdam, The Netherlands Would you want your great-grandchildren in 2100AD to have a 22nd-century industrial economy? If so, read this book to grasp how strongly wealth depends on energy and its efficient use. Start treating fossil energy not as continuing income, but as one-time energy capital to spend on efficiency and long-term sustainable energy production. Otherwise, your descendants will inherit a broken 20th-century economy that only worked with cheap fossil fuels. They will not be rich and they will wonder what their ancestors were thinking. John R. Mashey, PhD, former Chief Scientist, Silicon Graphics Current economic theory attributes most income growth to technical progress. However, since technical progress can neither be defined nor measured, no one really knows what policies will encourage income growth. Ayres and Warr show that access to useful work, which can be defined and measured, explain the bulk of post-1900 income changes in Japan, Britain and the USA. They see rising real prices for fossil fuel and stagnating efficiencies of converting raw energy into useful work as a threat to continued income growth. This brilliant and original work has profound policy implications for future income growth without significant improvements in energy conversion efficiency. Thomas Casten, Chairman, Recycled Energy Development LLC Following the up-and-down energy shock of 2008, Ayres and Warr offer a unique analysis critical to our economic future. They argue that useful work produced by energy and energy services is far more important to overall GDP growth than conventional economic theory assumes. Their new theory, based on extensive empirical and theoretical analysis, has important implications for economists, businessmen and policymakers for anybody concerned with our economic future. Ayres and Warr argue persuasively that economic growth is not only endogenous but has been driven for the past two centuries largely by the declining effective cost of energy. If their new theory is correct, the inevitable future rise of the real cost of energy (beyond the $147 oil price peak in July 2008), could halt economic growth in the US and other advanced countries unless we dramatically improve energy with technology. J. Paul Horne, independent international market economist The historic link between output (GDP) growth and employment has weakened. Since there is no quantitively verifiable economic theory to explain past growth, this unique book explores the fundamental relationship between thermodynamics (physical work) and economics. The authors take a realistic approach to explaining the relationship between technological progress, thermodynamic efficiency and economic growth. Their findings are a step toward the integration of neo-classical and evolutionary perspectives on endogenous economic growth, concluding in a fundam
Book Synopsis The Economic Growth Engine by : Robert U. Ayres
Download or read book The Economic Growth Engine written by Robert U. Ayres and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: It gives me great pleasure to review this important book. I recommend it highly to any physicist with an interest or curiosity about this economy thing within which we operate. . . There is no excuse not to get this invaluable volume onto your bookshelf. Simon Roberts, Institute of Physics Energy Group This book addresses a very important topic, namely economic growth analysis from the angle of energy and material flows. The treatment is well balanced in terms of research and interpretation of the broader literature. The book not only contains a variety of empirical indicators, statistical analyses and insights, but also offers an unusually complete and pluralistic view on theorizing about economic growth and technological change. This results in a number of refreshing perspectives on known ideas and literatures. The text is so attractively written that I found it very difficult to stop reading. All in all, this is a very original and important contribution to the everlasting debate on growth versus environment. Jeroen C.J.M. van den Bergh, University of Barcelona, Spain and Free University, Amsterdam, The Netherlands Would you want your great-grandchildren in 2100AD to have a 22nd-century industrial economy? If so, read this book to grasp how strongly wealth depends on energy and its efficient use. Start treating fossil energy not as continuing income, but as one-time energy capital to spend on efficiency and long-term sustainable energy production. Otherwise, your descendants will inherit a broken 20th-century economy that only worked with cheap fossil fuels. They will not be rich and they will wonder what their ancestors were thinking. John R. Mashey, PhD, former Chief Scientist, Silicon Graphics Current economic theory attributes most income growth to technical progress. However, since technical progress can neither be defined nor measured, no one really knows what policies will encourage income growth. Ayres and Warr show that access to useful work, which can be defined and measured, explain the bulk of post-1900 income changes in Japan, Britain and the USA. They see rising real prices for fossil fuel and stagnating efficiencies of converting raw energy into useful work as a threat to continued income growth. This brilliant and original work has profound policy implications for future income growth without significant improvements in energy conversion efficiency. Thomas Casten, Chairman, Recycled Energy Development LLC Following the up-and-down energy shock of 2008, Ayres and Warr offer a unique analysis critical to our economic future. They argue that useful work produced by energy and energy services is far more important to overall GDP growth than conventional economic theory assumes. Their new theory, based on extensive empirical and theoretical analysis, has important implications for economists, businessmen and policymakers for anybody concerned with our economic future. Ayres and Warr argue persuasively that economic growth is not only endogenous but has been driven for the past two centuries largely by the declining effective cost of energy. If their new theory is correct, the inevitable future rise of the real cost of energy (beyond the $147 oil price peak in July 2008), could halt economic growth in the US and other advanced countries unless we dramatically improve energy with technology. J. Paul Horne, independent international market economist The historic link between output (GDP) growth and employment has weakened. Since there is no quantitively verifiable economic theory to explain past growth, this unique book explores the fundamental relationship between thermodynamics (physical work) and economics. The authors take a realistic approach to explaining the relationship between technological progress, thermodynamic efficiency and economic growth. Their findings are a step toward the integration of neo-classical and evolutionary perspectives on endogenous economic growth, concluding in a fundam
The author examines the measurement and conceptual issues that complicate analytical work in the energy demand field. Successful policy decisions depend on the use of appropriate data and analytic methods; because the demand side of the energy-economy interaction is highly complex, this study focuses on the more basic economic and energy concepts and methods in demand analyses. He critiques measures used to analyze the relationship of energy to economic growth and summarizes the various demand estimation methods and their results. Highlighting the problems faced by analysts in developing countries who often have limited time and inadequate data, she discusses the serious implications of basing policy decisions on questionable analytic methods and data.
Book Synopsis Energy Demand And Economic Growth by : Corazon M Siddayao
Download or read book Energy Demand And Economic Growth written by Corazon M Siddayao and published by Taylor & Francis. This book was released on 2021-11-28 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author examines the measurement and conceptual issues that complicate analytical work in the energy demand field. Successful policy decisions depend on the use of appropriate data and analytic methods; because the demand side of the energy-economy interaction is highly complex, this study focuses on the more basic economic and energy concepts and methods in demand analyses. He critiques measures used to analyze the relationship of energy to economic growth and summarizes the various demand estimation methods and their results. Highlighting the problems faced by analysts in developing countries who often have limited time and inadequate data, she discusses the serious implications of basing policy decisions on questionable analytic methods and data.
Book Synopsis Energy Economics by : Richard John Eden
Download or read book Energy Economics written by Richard John Eden and published by CUP Archive. This book was released on 1981 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Energy, Productivity, and Economic Growth by : Sam H. Schurr
Download or read book Energy, Productivity, and Economic Growth written by Sam H. Schurr and published by . This book was released on 1983 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Originally published in 1984, this book discusses the structure of a multi-sectoral, general equilibrium growth model of the US economy that gives special attention to the energy sectors and presents results from the simulation of this model under varying conditions of energy supply. While the book primarily analyzes the effect of energy supply on economic growth, it also presents a new methodology for approaching this kind of problem, but this same approach can be used to model the effect of changes in the supply of any produced raw material on economic growth.
Book Synopsis The Effect of Energy Supply on Economic Growth by : E. Victor Niemeyer
Download or read book The Effect of Energy Supply on Economic Growth written by E. Victor Niemeyer and published by Routledge. This book was released on 2017-09-05 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1984, this book discusses the structure of a multi-sectoral, general equilibrium growth model of the US economy that gives special attention to the energy sectors and presents results from the simulation of this model under varying conditions of energy supply. While the book primarily analyzes the effect of energy supply on economic growth, it also presents a new methodology for approaching this kind of problem, but this same approach can be used to model the effect of changes in the supply of any produced raw material on economic growth.
Energy drives the economy, economics informs policy, and policy affects social outcomes. Since the oil crises of the 1970s, pundits have debated the validity of this sequence, but most economists and politicians still ignore it. Thus, they delude the public about the underlying influence of energy costs and constraints on economic policies that address such pressing contemporary issues as income inequality, growth, debt, and climate change. To understand why, Carey King explores the scientific and rhetorical basis of the competing narratives both within and between energy technology and economics. Energy and economic discourse seems to mirror Newton’s 3rd Law of Motion: For every narrative there is an equal and opposite counter-narrative. The competing energy narratives pit "drill, baby, drill!" against renewable technologies such as wind and solar. Both claim to provide secure, reliable, clean, and affordable energy to support economic growth with the most benefit to society, but how? To answer this question, we need to understand the competing economic narratives, techno-optimism and techno-realism. Techno-optimism claims that innovation overcomes any physical resource constraints and enables the social outcomes and economic growth we desire. Techno-realism, in contrast, states that no matter what energy technologies we use, feedbacks from physical growth on a finite planet constrain economic growth and create an uneven distribution of social impacts. In The Economic Superorganism, you will discover stories, data, science, and philosophy to guide you through the arguments from competing narratives on energy, growth, and policy. You will be able to distinguish the technically possible from the socially viable, and understand how our future depends on this distinction.
Book Synopsis The Economic Superorganism by : Carey W. King
Download or read book The Economic Superorganism written by Carey W. King and published by Springer Nature. This book was released on 2020-10-07 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy drives the economy, economics informs policy, and policy affects social outcomes. Since the oil crises of the 1970s, pundits have debated the validity of this sequence, but most economists and politicians still ignore it. Thus, they delude the public about the underlying influence of energy costs and constraints on economic policies that address such pressing contemporary issues as income inequality, growth, debt, and climate change. To understand why, Carey King explores the scientific and rhetorical basis of the competing narratives both within and between energy technology and economics. Energy and economic discourse seems to mirror Newton’s 3rd Law of Motion: For every narrative there is an equal and opposite counter-narrative. The competing energy narratives pit "drill, baby, drill!" against renewable technologies such as wind and solar. Both claim to provide secure, reliable, clean, and affordable energy to support economic growth with the most benefit to society, but how? To answer this question, we need to understand the competing economic narratives, techno-optimism and techno-realism. Techno-optimism claims that innovation overcomes any physical resource constraints and enables the social outcomes and economic growth we desire. Techno-realism, in contrast, states that no matter what energy technologies we use, feedbacks from physical growth on a finite planet constrain economic growth and create an uneven distribution of social impacts. In The Economic Superorganism, you will discover stories, data, science, and philosophy to guide you through the arguments from competing narratives on energy, growth, and policy. You will be able to distinguish the technically possible from the socially viable, and understand how our future depends on this distinction.
