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Energy Returns and The Long-run Growth of Global Industrial Society

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  • Jarvis, Andrew

Abstract

The extreme interconnectedness of energy and economic systems will tend to confound any attempt to estimate the energy return on investment at anything other than the global scale. Here, I apply a very simple model of global energy use to specify the dynamic characteristics of global-scale Energy Returns On Investment (EROIG). This suggests that the observed long-run relative growth rate of ~2.5% yr−1 in global primary energy use is associated with an equilibrium return from infrastructure investments of 2:1, with returns accruing with a time constant of 40 years. The analysis also attempts to show how growth leads to reductions in the supply efficiency of energy, and how this decline is offset by increases in the efficiency with which industrial society can extract useful work from primary energy flows. This observed preservation of the overall energy efficiency of the global energy system implicates variations in the decay/decommissioning rate of infrastructure in observed ‘long-wave’ like variations in the relative growth rate of global primary energy use, and hence EROIG.

Suggested Citation

  • Jarvis, Andrew, 2018. "Energy Returns and The Long-run Growth of Global Industrial Society," Ecological Economics, Elsevier, vol. 146(C), pages 722-729.
    • Handle: RePEc:eee:ecolec:v:146:y:2018:i:c:p:722-729
    DOI: 10.1016/j.ecolecon.2017.11.005
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    Cited by:

    1. Timothy J Garrett & Matheus Grasselli & Stephen Keen, 2020. "Past world economic production constrains current energy demands: Persistent scaling with implications for economic growth and climate change mitigation," PLOS ONE, Public Library of Science, vol. 15(8), pages 1-19, August.
    2. Bamadev Mahapatra & Mohd Irfan, 2024. "Asymmetric adjustments between energy and labour efficiencies in India: new evidence using sectoral panel data analysis," Quality & Quantity: International Journal of Methodology, Springer, vol. 58(4), pages 3921-3948, August.
    3. Chester, D. & Lynch, C. & Szerszynski, B. & Mercure, J.-F. & Jarvis, A., 2024. "Heterogeneous capital stocks and economic inertia in the US economy," Ecological Economics, Elsevier, vol. 217(C).
    4. Nick King & Aled Jones, 2021. "An Analysis of the Potential for the Formation of ‘Nodes of Persisting Complexity’," Sustainability, MDPI, vol. 13(15), pages 1-32, July.
    5. Nick King & Aled Jones, 2020. "An Assessment of Civil Nuclear ‘Enabling’ and ‘Amelioration’ Factors for EROI Analysis," Sustainability, MDPI, vol. 12(20), pages 1-34, October.

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