Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, July 31, 2012

How Changing from Fossil Fuels to Renewable Energy Might Affect GDP

How Changing from Fossil Fuels to Renewable Energy Might Affect GDP

We talk about the possibility of reducing fossil fuel use by 80% by 2050 and ramping up renewables at the same time, to help prevent climate change. If we did this, what would such a change mean for GDP, based on historical Energy and GDP relationships back to 1820?Back in March, I showed you this graph in my post, World Energy Consumption since 1820 in Charts.Figure 1. World Energy Consumption by Source, Based on Vaclav Smil estimates from Energy Transitions: History, Requirements and Prospects and together with BP Statistical Data on 1965 and…Read more...

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