Grantham Seminar | Fossil energy in economic growth: A study of the energy direction of technical change, 1950-2012
The imperative to mitigate climate change challenges national economies to grow productivity while reducing fossil energy consumption. Yet no consensus has been reached in how far recent economic history proves these two goals to be compatible. This seminar investigates the correlation between the rates of change in labour productivity and the fossil energy-labour ratio in order to determine the direction of technical change with regard to fossil energy.
Gregor Semieniuk is a Research Fellow at the Science Policy Research Unit, Uni Sussex, where he studies finance for renewable energy investment and the importance of energy in economic growth. He holds a PhD in economics from the New School for Social Research.