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There's nothing much new under the Sun: The challenges of exploiting and using energy and other resources through history

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  • Jefferson, Michael

Abstract

The links between economic prosperity, or lack thereof, and the exploitation and use of energy and other natural resources go back to the earliest records of the human species – and in important respects even further back to when hunting and foraging characterised the earliest humanoid species. This paper surveys the challenges of resource exploitation and use, reflecting that as we exploit the most readily and cheapest resources, and extraction technology, available at the time, so the marginal returns of each tend to decline as the highest quality is depleted, costs rise, and alternatives are increasingly sought. There are few resources where this is truer than the various forms of energy which have been exploited down the ages. Many complex societies in the past have failed to make a successful transition, and the historic record demonstrates clearly the inadequacies of Solow-type growth theory. Scenarios of global energy prospects for the 21st Century need to consider the past and, in the light of it, ask whether the end of the Anthropocene Age is in sight or whether some kind of Promethean leap will come to the rescue.

Suggested Citation

  • Jefferson, Michael, 2015. "There's nothing much new under the Sun: The challenges of exploiting and using energy and other resources through history," Energy Policy, Elsevier, vol. 86(C), pages 804-811.
  • Handle: RePEc:eee:enepol:v:86:y:2015:i:c:p:804-811
    DOI: 10.1016/j.enpol.2015.01.022
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    References listed on IDEAS

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    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    2. Vaclav Smil, 2010. "Energy Myths and Realities: Bringing Science to the Energy Policy Debate," Books, American Enterprise Institute, number 50339, September.
    3. Michael Jefferson, 2013. "A renewable energy future?," Chapters, in: Roger Fouquet (ed.), Handbook on Energy and Climate Change, chapter 10, pages 254-269, Edward Elgar Publishing.
    4. Roger Fouquet (ed.), 2013. "Handbook on Energy and Climate Change," Books, Edward Elgar Publishing, number 14429.
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    1. Michael Jefferson, 2016. "A global energy assessment," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 5(1), pages 7-15, January.
    2. McCombie, Charles & Jefferson, Michael, 2016. "Renewable and nuclear electricity: Comparison of environmental impacts," Energy Policy, Elsevier, vol. 96(C), pages 758-769.
    3. Bampatsou, Christina & Halkos, George, 2018. "Dynamics of productivity taking into consideration the impact of energy consumption and environmental degradation," Energy Policy, Elsevier, vol. 120(C), pages 276-283.

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