More Door Economy

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The amount of GDP that was allocated to the energy sector declined from like 80% all the way down to 5% in 1999. Since then it's above 10%. We're headed towards a world where 15% of our energy is directed towards the energy sector. This will be a stealth sort of situation, but librarians and crochet contests are going to disappear.

Description

This week, Nate walks through the path we are currently on en route to the Great Simplification - a path towards a “Mordor Economy”. Based on data from colleagues Art Berman and Carey King, Nate untangles the complex relationship between biology, GDP, and net energy. How is an economic metabolism based on a need for growth creating a pathway for increasing amounts of energy to be directed to the energy sector itself? Why hasn’t the rapid growth of renewables satiated our energy appetite? How is the use of credit masking the full energetic-cost of energy? Can we proactively take the necessary steps to reset the balance between energy efficiency and energy consumption to pass through Mordor unscathed and arrive at the Great Simplification?

To Watch on Youtube: https://youtu.be/HoYg9M8brF4

For Show Notes and More: https://www.thegreatsimplification.com/frankly-original/23-mordor-economy