Tracking global fuel supply, CO2 emissions and sustainable development
Reducing CO2 emissions is imperative to stay within the 2oC global warming ‘safe limit’ of the Intergovernmental Panel on Climate Change. However to ensure social and political stability, these reductions must be aligned with fuel security and economic growth. Here an advanced multifactorial model is used to forecast global energy demand, based on global population, current energy use and economic growth rates allowing a critical analysis of global energy use patterns. A severe upward pressure on global energy demand results from the combined interplay of increasing population and continuing economic growth. The predictive output highlights (i) the potential for an exponential increase of fuel consumption (ii) serious fossil fuel limitations from 2033 onward, (iii) implications for CO2 emission reduction in a ‘pro-growth’ global economy and (iv) poverty alleviation. These findings place economists and environmentalists on the same side and establish a reference to guide sustainable development.
|Date of creation:||Aug 2013|
|Contact details of provider:|| Postal: +61 7 3365 6570|
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Web page: http://www.uq.edu.au/eemg
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- Stern, David & Enflo, Kerstin, 2013.
"Causality Between Energy and Output in the Long-Run,"
Lund Papers in Economic History
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