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Full-Text Articles in Mechanical Engineering
Meeting 2030 Primary Energy And Economic Growth Goals Mission Impossible, Matthew K. Heun, Paul E. Brockway
Meeting 2030 Primary Energy And Economic Growth Goals Mission Impossible, Matthew K. Heun, Paul E. Brockway
University Faculty Publications and Creative Works
To meet climate change mitigation objectives, international institutions have adopted targets aimed at reducing or ending growth of primary energy consumption. Simultaneously, continued economic growth is forecasted to meet human development goals. Together, declining energy consumption and rising gross domestic product (GDP)is called “absolute decoupling.” However, absolute decoupling is unprecedented for the world economy as a whole (since at least 1971). Is absolute decoupling “Mission impossible?” Given the high stakes, we need a clearer understanding of the extent of future energy–GDP decoupling. To gain that understanding, we perform societal exergy analyses using a novel Physical Supply Use Table framework to …
The Correlation Between Energy Cost Share, Human, And Economic Development Using Time Series Data From Australasia, Europe, North America, And The Brics Nations, Ryan Roberts, Josephine Kaviti Musango, Alan Colin Brent, Matthew K. Heun
The Correlation Between Energy Cost Share, Human, And Economic Development Using Time Series Data From Australasia, Europe, North America, And The Brics Nations, Ryan Roberts, Josephine Kaviti Musango, Alan Colin Brent, Matthew K. Heun
University Faculty Publications and Creative Works
This paper investigates how a change in a region's energy cost share (ECS), a ratio of a region's energy expenditure as a fraction of its gross domestic product (GDP), affects the region's social and economic development. Nations from four regions of the world, namely Australasia, Europe, North America, and the BRICS nations (Brazil, Russia, India, China, and South Africa) were chosen for this study. Using time series data from the period of 1978 to 2010, the annual ECS of each country was compared to the year-on-year GDP change, as well as the components of the human development index (HDI). High …