Surprise! Increases in Energy Efficiency Lead to More, Not Less, Energy Use
Abstract:
Contrary to what most people believe, increases in energy efficiency usually mean a rise in energy consumption, not a reduction. This apparently counter-intuitive statement is supported by basic economic logic and was recently summarized in an article written by economists Jeff Rubin and Benjamin Tal of CIBC World Markets. What are most interesting are examples from history and from more current developments in fuel usage.
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Contrary to what most people believe, increases in energy efficiency usually mean a rise in energy consumption, not a reduction. This apparently counter-intuitive statement is supported by basic economic logic and was recently summarized in an article written by economists Jeff Rubin and Benjamin Tal of CIBC World Markets. What are most interesting are examples from history and from more current developments in fuel usage.