by Carey King
If you care to understand how the “energy part” of our economy feeds back and shapes the “non-energy part” of the economy, then this blog is for you.
Essentially every energy analyst and energy economist should understand the results of this paper. Its findings have important implications for economic modeling as they help explain how fundamental shifts in resources costs relate to economic structure and economic growth.
By Dave Elliott
Green sector employment accounts for as many as 3.4 million jobs in the EU, or 1.7% of all paid employment, more than car manufacturing or pharmaceuticals. Will that expand?
A new UKERC report, “Low Carbon Jobs”, asks if policy-driven expansion of green energy actually creates jobs, taking account both of jobs created and jobs displaced, particularly when the policies in question require subsidies that are paid for through consumer bills or taxes. www.ukerc.ac.uk/support/Low+Carbon+Jobs
By Dave Elliott
It is claimed that a transition to a green energy system would create a lot of employment, and possibly better employment and job security – sustainable green jobs. If true, that claim offers a powerful political argument for the change at a time when employment is threatened by recession and by new patterns of global economic competition. But is that really what is on offer? (more…)
by Carey W King
Belief in future rate of innovation progress is also not a guaranteed solution to “long-term” climate mitigation
I recently read over the report Challenging the Clean Energy Deployment Consensus by Megan Nicholson & Matthew Stepp for The Information Technology and Innovation Foundation. The authors define the “clean energy deployment consensus” as those (e.g. Amory Lovins, Al Gore, Mark Jacobson of Stanford) that believe clean (low-carbon) energy technologies are already sufficient to substitute for fossil fuels, and all we need to do is quickly manufacture and install them at a large enough scale to displace fossil fuels. Contrary to purveyors of the “clean energy deployment consensus,” the authors believe that existing clean (low carbon) energy technologies are not yet sufficient to effectively mitigate climate change and economically substitute for fossil fuel energy supplies: