GGP-2.0 - An Audit of Development

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VISUALS 1. One barrel of crude oil, containing 159 litres, is equivalent to the heavy manual labour of 12 people for one year.13 2. Energy Use (Kg of oil equivalent per capita): World = 1851; USA = 7069; EU = 3412; Low Income countries = 363 14 | Percentage of total energy consumption that is based on fossil fuels: World = 80%; USA = 83%; EU = 75%; Low income countries = 29%15 3. 4 million wind turbines could VS replace fossil fuels usage globally 20 million cars are produced every year so it is technically possible.16 4. EROI data: Energy Return on Energy Investment: EROI in the 1900s = 100:1 – 50:1; EROI in the tarsands = 5:1 – 3:1; EROI estimated to be necessary for ‘civilisation’ to sustain itself = 5:1 17 5. Global fossil fuels subsidies amounted to $523 billion in 2011, up almost 30% on 2010 - this is six times more than subsidies to renewables, and up 30% from 2010.18

Cheap energy made industrial development possible. One barrel of crude oil contains, in energy terms, the equivalent of the heavy manual labour of 12 people working for one year.10 As easily accessible fossil fuel supplies diminish, the era of cheap energy is ending. One way to understand the consequences of energy scarcity is by measuring EROI, i.e. ‘Energy Return On Investment’. In the 1900s EROI was between 100:1 – 50:1.11 Energy from renewables and unconventional fossil fuels have much lower EROIs; for example the Tar Sands have a EROI of as little as only 3:1.12 An integrated audit of development that includes energy issues indicates that the current model of development has created dangerous vulnerabilities in its reliance on fossil fuel. Wijkman and Rockstrom, p.62 Ibid., p.60 Ibid., p.60 13 Ibid., p.62 14 Energy use (kg of oil equivalent per capita). Data from: International Energy Agency (IEA Statistics © OECD/IEA, http://www.iea.org/stats/index.asp). Catalog Sources World Development Indicators. Retrieved from: http://data. worldbank.org/indicator/EG.USE.PCAP.KG.OE/countries/ 1W?display=default [accessed January 30th 2013] 15 Fossil fuel energy consumption (% of total). Data from: the International Energy Agency (IEA Statistics © OECD/IEA, http://www.iea.org/stats/index.asp). Catalog Sources World Development Indicators. Retrieved from: http://data. worldbank.org/indicator/EG.USE.COMM.FO.ZS/countries/ 1W?display=default [accessed January 30th 2013] 16 Wijkman and Rockstrom, p.76 17 Ibid., pp.60-61 18 International Energy Agency (2012) World Energy Outlook 2012 – Executive Summary. Paris: IEA Publications, p.1 10 11 12

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