Keeping the lights on
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Energy's Role in Economic Development
This chapter examines the intricate relationship between energy consumption and economic growth, tracing historical trends from the Industrial Revolution to today's global energy demands. It contrasts the roles of energy and labor in value creation, discusses the challenges of moving towards renewable energy, and highlights the expected growth in energy needs in developing nations. Ultimately, it addresses the complexities of achieving climate goals while acknowledging the persistent reliance on fossil fuels amidst increasing consumption rates.
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