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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