Abundant Energy: The Fuel of Human Flourishing
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About this ebook
Kenneth P. Green
Kenneth P. Green is a visiting scholar at AEI where he studies public policy pertaining to energy and the environment. An environmental scientist by training, he has authored numerous policy studies, newspaper and magazine articles, several encyclopedia and book chapters, and a textbook for middle-school students entitled Global Warming: Understanding the Debate (Enslow Publishers, 2002). Prior to coming to AEI, Mr. Green studied U.S. policy issues for eight years with California's Reason Foundation, and studied Canadian policy issues for nearly three years at Canada's Fraser Institute.
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Abundant Energy - Kenneth P. Green
ROADMAP
The goal of this book is to give readers the intellectual touchstones that will allow them to understand energy policy in a holistic and rigorous fashion.
In the introduction, we will discuss the subject of energy writ large, consider its role in our society, and examine the importance of understanding both energy and how energy policy might affect our society as well as others around the world.
In chapter 1, we will discuss humanity’s intimate relationship to the use of energy. We will see that, rather than being addicted to or dependent on energy use, human beings have adapted, over the millennia, to ever greater energy use and that adaptation has brought with it longer lives, better health, greater wealth, and vastly expanded opportunities for self-realization and development. Neither human beings nor our technological civilization can survive without energy. Expanding access to energy, especially in the developing world, should be a high priority for those concerned with reducing global poverty and bringing hope to a desperately poor swath of humanity.
In chapter 2, we will talk about the importance of energy affordability, an issue that is of particular importance to those concerned with alleviating poverty. We will see how energy infuses virtually everything that people make or do, from raising food to providing medical services. And we will see how raising the costs of energy, as it moves into and along the chain of production of goods and services, not only raises the costs of such goods and services but also disproportionally harms the poor, who use a greater share of their income paying for energy both directly and as a component of the goods and services they consume.
In chapter 3, we will discuss the devastating consequences that unreliability in energy systems—in this case electricity—can wreak upon our energy-based society, as we study the great blackout of 2003. We will learn how unreliability can cause significant economic harms, as well as great human suffering. As the world turns to ever greater adoption of intermittent forms of energy, such as wind and solar power, it is vital that we ensure a reliable flow of electricity. Currently, technologies that can store wind and solar energy in order to increase their reliability are costly and insufficient to allow for rapid, large-scale deployment of these technologies without risking destabilization of our electricity supply.
In chapter 4, we will discuss the relationship between energy and the environment. No one can deny that energy production, distribution, and use inflict significant health and environmental impacts both locally and globally. But understanding the relationship between energy and the environment requires an understanding of the relationship between energy-stimulated societal wealth creation and environmental protection. As we will see, mainstream environmentalism has misunderstood the nature of environmental progress in general, as well as how it pertains to energy use. Contrary to the free-lunch claims of many environmentalists, we will show that environmental protection is something that can be provided only by countries that are wealthy enough to afford it. We will also show that energy use, as a key factor in production, is in fact the resource that generates that wealth. We conclude that more, and more-affordable, energy is needed to enable more environmental protection in the developed world, but most especially in the developing world, where energy poverty results in vastly higher levels of environmental despoliation and poses harms to human health.
In chapter 5, we will turn to the question of energy transitions. For decades, politicians of both parties have pledged to change our energy systems quickly, whether toward reducing imports, changing the way we distribute our energy, or, as it is in much discussion today, changing the way we produce energy, from fossil fuels to other sources such as wind power, solar power, and biofuels. What we will see, however, is that contrary to political wishes, energy systems are slow to change. Power plants, energy infrastructure, and energy-consuming equipment such as boilers, diesel trucks, airplanes, and smelters are long-term investments, with cost-recovery cycles that span decades. Like an aircraft carrier, our energy system has both inertia and momentum that makes it slow to accelerate, slow to decelerate, and slow to change course. Politicians specialize in putting forward aspirational
goals for rapid, massive changes to energy systems. But to the extent we divert resources toward such goals, we are fighting against the tide of energy-system history, and we risk neglecting existing energy systems that we will depend on for decades to come.
In chapter 6, we will examine the slippery concept of energy security,
which has been the stated goal of many a presidency and which is a ringing call that regularly falls from the tongues of those who wish to reduce energy imports, stop enriching our enemies, prevent economic harms from energy price shocks or supply disruptions, and so on. Alas, as with most questions relating to energy, digging into the question of energy security raises more questions than it answers. Do we want to end imports from say, Canada or Mexico, two of our largest suppliers? Are we willing to see the losses in trade that will come from other countries countering any import restrictions we may impose on the things they buy from us? Are we willing to have more of