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Energy Superabundance: How Cheap, Abundant Energy Will Shape Our Future - The CGO

thecgo.org · 11,311 words · saved by 4 readers

In this policy paper, authors Austin Vernon and Eli Dourado explore what life would be like with endless energy.

Introduction What would it be like if we were able to consume vastly more energy? Over the past several decades, industry has mainly focused on increasing energy efficiency, not on finding new productive uses of more energy. Attention to energy efficiency is what the market demands when energy costs are nontrivial, when supply shocks can cause them to suddenly spike, and when consumers are conscious of the environmental consequences of burning fossil fuels. Policymakers, too, have focused on energy efficiency over energy abundance, through policies like Corporate Average Fuel Economy (CAFE) st

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