Defining limits: Energy constrained economic growth

Willem P. Nel and Gerhardus van Zyl

Applied Energy, 2010, vol. 87, issue 1, 168-177

Abstract: The historical and deductive merits for an explicit energy-based economic growth formulation are presented. Parameters in the formulation are successfully calibrated to empirical data and a range of forecasts is made for global economic growth potential to 2050, based on a plausible case of energy availability. The results demonstrate the vital importance of energy security and lead to the conclusion that the current socio-economic paradigm may not be sustainable.

Keywords: Economic; growth; Energy; Energy; efficiency; Decoupling; Peak; Oil (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (19)

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