| ▲ | roenxi 7 hours ago | |||||||
And then the article discusses that even if Jevons paradox doesn't hold, we'd reasonably expect more efficient energy use to lead to more energy consumption. Energy is an absolutely classic field where it improvements in efficiency isn't a likely cause for dropping use. There isn't any reason to use less energy; if there are efficiency improvements then all else equal it makes the most sense to produce the same amount of energy and trade the excess into higher real living standards. Economies are good at sniffing that equilibrium out. The UK doesn't look like it is experiencing an efficiency utopia; it looks like it has a relatively poor population among the developed countries (per capita) and they're suffering from an advanced energy shortage. The costs appear to be going crazy, they're deindustrialising. That isn't efficiency. It looks like they ran out of coal and are suffering from an energy squeeze. | ||||||||
| ▲ | Dylan16807 6 hours ago | parent [-] | |||||||
> And then the article discusses that even if Jevons paradox doesn't hold, we'd reasonably expect more efficient energy use to lead to more energy consumption. That's still the Jevons paradox. > There isn't any reason to use less energy; if there are efficiency improvements then all else equal it makes the most sense to produce the same amount of energy and trade the excess into higher real living standards. Economies are good at sniffing that equilibrium out. Massively wrong. Using more energy gives you sub-linear returns in value; you already got the lowest hanging fruit. For many uses you ramp up and use more power than before, but many uses you let your power bill drop. - To put it differently, read your own article. Right at the top it says "if demand is sufficiently price elastic". Demand is often not sufficiently price elastic. | ||||||||
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