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The Spaceship economy

Author: Ayres, Robert U. ; Frankl, PaoloINSEAD Area: Economics and Political Science Series: Working Paper ; 98/47/EPS/CMER Publisher: Fontainebleau : INSEAD Centre for the Management of Environmental and Social Responsibility (CMER) 1998.Language: EnglishDescription: 10 p.Type of document: INSEAD Working Paper Online Access: Click here Abstract: Long-term sustainability of the global economy requires continued growth in value-added but sharply reduced consumption of non-renewable natural resources. Information technology is helpful, of coursen but in the long-run the global materials cycle must be closed. The authors suggest that this imperative necessitates a spaceship economy based on a 'hydrogen economy'. The primary source of energy for all purposes (in the long-run) must be the sun and the main carriers must be photovoltaic or nuclear electricity (for stationary uses) and photovoltaic hydrogen (for mobile users). Fortunately most of the technological prerequisites, eg. PV cells and fuel cells are now being developed. They believe a new PV-hydrogen driven industrial revolution is now in the early stages.
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Long-term sustainability of the global economy requires continued growth in value-added but sharply reduced consumption of non-renewable natural resources. Information technology is helpful, of coursen but in the long-run the global materials cycle must be closed. The authors suggest that this imperative necessitates a spaceship economy based on a 'hydrogen economy'. The primary source of energy for all purposes (in the long-run) must be the sun and the main carriers must be photovoltaic or nuclear electricity (for stationary uses) and photovoltaic hydrogen (for mobile users). Fortunately most of the technological prerequisites, eg. PV cells and fuel cells are now being developed. They believe a new PV-hydrogen driven industrial revolution is now in the early stages.

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