The notion of “decoupling” energy consumption from economic growth has become vogue in policy circles, but how much evidence is there that it’s really happening? If the energy intensity of our economy is falling, are we sure that it’s becoming more efficient, or might we just be offshoring energy-intensive industries to somewhere else…along with those emissions? If energy reaches a certain percentage of total spending, does it tip an economy into recession? Is there a necessary relationship between energy consumption and monetary policy? Is there a point at which the simple fact that we live on a finite planet must limit economic growth, or can economic growth continue well beyond our resource consumption? Can the declining EROI of fossil fuels tell us anything about the future of the economy? And can we have economic growth using clean, low-carbon fuels, or might transitioning to an economy that produces zero net new carbon emissions put the economy into recession and debt?
To help us answer these thorny questions, we turn to an expert researcher who has looked at the relationship between energy consumption and the economy over long periods of time and multiple economies, and found some startling results with implications for the Federal Reserve, for economic policymakers, and for all those who are involved in energy transition.
Dr. Carey King performs interdisciplinary research related to how energy systems interact within the economy and environment. He is a Research Scientist at The University of Texas at Austin, and Assistant Director at the Energy Institute. He also has appointments with the Center for International Energy and Environmental Policy within the Jackson School of Geosciences and the McCombs School of Business. He has both a B.S. with high honors and Ph.D. in Mechanical Engineering from the University of Texas at Austin. He has published technical articles in the academic journals Environmental Science and Technology, Environmental Research Letters, Nature Geoscience, Energy Policy, Sustainability, and Ecology and Society. He has also written commentary for American Scientist and Earth magazines discussing energy, water, food, and economic interactions. Dr. King has several patents as former Director for Scientific Research of Uni-Pixel Displays, Inc.
On Twitter: @CareyWKing
On the Web: Carey King’s website
Recording date: November 28, 2016
Air date: December 14, 2016
Geek rating: 8