Peak Everything, Backstop Technology and Economic Growth

And interesting, though also frightening characteristic of today’s world is that it seems to be peaking all the time. Peak Oil, Peak Metals, Peak Soil, Peak Uranium, Peak Rare Earths. Peak Everything, to put it bluntly. Some of these slogans may be exaggerated, at least if taken literally. On the other hand, given high and rising demand for oil, coal, uranium, rare earths, metals, agricultural land and other essential resources – demand that is going to be increasing for decades to come, as China, India and especially Africa will become both richer and more populous -, there is a strong case for taking seriously concerns regarding the diminishing resource base, even if there is still much left. Continue reading

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Is Greenpeace Cornucopian?

Greenpeace, Friends of the Earth, WWF and numerous other environmentalist organizations have been long pressing for a committed global effort to tackle climate change. It is clear that the major issue here is energy production – we desperately need low-carbon energy to keep the Earth’s climatic system in balance. However, these environmentalists also fight nuclear power, one of the two established low-carbon technologies in energy production (the other being hydropower) that are the only ones so gar that provide baseload electricity. At the same time, Greenpeace & Co. have long dismissed the idea (or, rather, ideology) called Cornucopianism which states that human ingenuity and free markets will provide solutions to every challenge humanity shall ever encounter – so we don’t have to worry about climate change, acid rain, the ozone hole, overpopulation, dwindling resources etc. – there will always be a backstop technology to save us. Continue reading