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
Solar, wave and tidal farms represent new ventures, adding to the renewable energy repertoire. But they are facing problems, in terms of finance and government support priorities, as I report in this two-part review of the UK situation, looking first at solar PV.
The good news is that PV solar overall is doing well in the UK, with more than 5GW in place, including roof-mounted arrays on private houses and the first wave of solar farms in fields. DECC says 10GW may be possible by 2020, perhaps even 20GW: https://www.gov.uk/government/publications/uk-solar-pv-strategy-part-1-roadmap-to-a-brighter-future But DECC- and DEFRA -are less keen on solar farms. (more…)
By Carey King
With the talk in the United States all abuzz about the presidential election this year, President Obama (and advisors) and Mitt Romney (and advisors) have to act as
though they know the solution to lowering unemployment and raising economic growth rates. It is hard for anyone running for an election to admit that they might be powerless to affect some energy and economic realities. In this post, I discuss the trend in the figure below: US monthly personal-consumption expenditures (PCE) for food and energy goods and services as a percentage of total household expenditures.I think it is completely possible that the stop in the declining trend of PCE for food and energy that stopped in the early 2000s is indicative of the new reality facing the United States energy and overall economic (and debt) situation.