This article is the part 2 from Chapter 4 of Richard Heinberg’s new book The End of Growth, which is set for publication by New Society Publishers in August 2011. This chapter explores the possibilities of innovation, substitution and efficiency to maintain economic growth.
Figure 40, U.S. GDP, Divisia-corrected energy consumption, and non-corrected energy consumption
- Renewables will take huge swaths of the overall energy market (1976);
- Electricity consumption will fall (1984);
- Cellulosic ethanol will solve our oil import needs (repeatedly);
- Efficiency will lower energy consumption (repeatedly).
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