Planck Foundation



There are certainly some severe global economic/technological/societal tailwinds that soften the economic damages caused by the effects the Energy Crisis and the Credit Crisis. It's sounds strange but the solution for higher prices are the same higher prices. Higher prices scale back demands by changing the easy to change habitats. It's the low hanging fruit and has a certain/huge capacity. It's killing demand without the pain if it. Less airtravel, airtransport, roadtravel, roadtransport will severely scale back energy demand. Certainly in high energy economies/societies like the US. But the global demand for energy, water, food and resources will gradually rise, rise and rise and therefore the energy price, as energy will become more and more scarce. Prices force behaviour adjustments.

Author: Gijs Graafland

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