09 May 2008

Ever More Efficient GDP

In the latest Economist, an article entitled Energy efficiency: The elusive negawatt spotlights improved efficiency, and in particular “energy intensity” -- the amount of energy required to generate each dollar of output. This de-materialization of economic output (and hence growth) is important viz our Dr Doom discussion from yesterday about sustainability and economic growth. But there's much more to be done in this several hundred billion dollar emergent sector.

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