Tuesday, January 31, 2017

Physicist shows direct relationship between energy and wealth

Economics: "The coming century is guaranteed to be one of immense change. At current exponential growth rates we will double our energy demands in just 30 years, adding as much to our consumption capacity in our working lifetimes as we have in the entire history of civilization.
Expressed quantitatively: summing over all the world’s nations, 7.1 Watts is required to maintain every one thousand inflation-adjusted 2005 dollars of a very general representation of historically accumulated economic wealth."
This means even if emissions are zero, heat will rise with growth. At 2.3% growth we double every 30 years in the amount of energy needed to maintain our economy. Human energy use releases heat. Heat melts clathrates and peat.

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