Economic Development and the Demand for Energy: A Historical Perspective on the Next 20 Years
The report examines the relationship between economic development and energy demand over the next 20 years, suggesting that growth need not be hindered by resource scarcity.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Authors: | Alexander Naumov, Julian Fennema, Mark Schaffer, Paul Appleby, Christof Rühl |
| Time horizon: | 2011 |
| Geographic focus: | Global |
Methods
The research method involved analyzing historical data on energy intensity, defined as energy consumption per unit of GDP, from the Industrial Revolution to the present. The study focused on commercially traded fuels and used GDP data from the Penn World Tables and Maddison series, energy production data from Etemad and Luciani, trade data from Mitchell's International Historical Statistics, and population estimates from the United Nations Population Division.
(Generated with the help of GPT-4)
Key Insights
This research paper analyzes the historical trends in energy intensity and industrialization to predict future energy demand and its impact on economic growth, particularly in non-OECD economies. It utilizes data from the last two centuries to show that diversification and technological advancements in energy resources will likely continue to improve energy efficiency and reduce reliance on any single energy source. The findings suggest that the anticipated high growth in per capita income over the next 20 years may not be constrained by energy resource availability.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2010s time horizon | 2011 time horizon | English publication language | Global geographic scope | economic growth | energy | energy consumption | energy demand | energy efficiency | energy intensity | fuel diversification | industrialisation | non-oecd economies | oil | resource scarcity | technological progress