E NERGY E FFICIENCY & H UMAN E CONOMIC W ELFARE By Garry Jacobs and Ivo Šlaus Club of Rome International Conference on “The Future of Energy & Interconnected.

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Presentation transcript:

E NERGY E FFICIENCY & H UMAN E CONOMIC W ELFARE By Garry Jacobs and Ivo Šlaus Club of Rome International Conference on “The Future of Energy & Interconnected Challenges of the 21 st Century” Basel -- October 17-18, 2011

Sustainable Human Welfare 2 Human Welfare Disposable Income Employment Energy & Environment Security Income Distribution Education & Health Household Savings

Security  Physical  Peace  Energy  Climate  Social  Income & employment  Health & retirement  Social stability  Psychological  Absence of catastrophic threats  Confidence in ourselves, our institutions & opportunities

Human Economic Welfare Index (HEWI)  Composite index of human economic welfare  Encompasses factors omitted by GDP  Maintains utility of an easily measured index, e.g. CPI  Components of HEWI  Personal Disposable Income (PDI)  Human Welfare Government Expenditure (HWGE)  Full Employment Index (FEI)  Economic Welfare Index (EWI) -- equality  Combined Education Index (CEI)  Health Adjusted Life Expectancy Index (HALE)  Energy Efficiency Index (EEI) 3

Energy Intensity Source : Marina Fischer-Kowalski and Helga Weisz, “Transition to a Globally Sustainable Metabolism—Possible and Impossible Futures” Presented at the 2008 Conference of the International Society for Ecological Economics, Nairobi, Kenya, August 2008; p. 7.  Energy Intensity is Energy consumption per unit of GDP 4 75% 

Projected US Energy Intensity Source EAI = 1 5 15% Evolution of economy: Services now account for 78% of US GDP & 64% of global output

Fossil Fuel Energy Intensity for Selected OECD Countries 1970–2008 6 USA  60% UK  55% Switz  40%

Fossil Fuel Energy Efficiency Index (EEI)  Relates fossil fuel energy consumption to Economic Welfare  Household consumption expenditure +  Government welfare related expenditure  Health  Education  Social protection & employment insurance  Housing  Environmental protection  Measures changes over sliding10 year periods  Higher EEI reflects investments in sustainability  Shift to renewable sources  Improved energy efficiency  Shift to less energy-intensive economic activities 7

EEI for Select Countries:  Energy Intensity unit: Btu/ 2000 intl dollars PPP; FFEC in BTU per dollar. HWE in constant $2005 PPP Country Energy Intensity FFEC as % energy consumed FFEC/ HWE 1995 FFEC/ HWE 2005 FFEC/ HWE 2008 EEI 2005 US9,14685% UK5,45189% Sweden8,85737% India7,58292% Germany6,57385% China13,91993% Japan6,63683% Italy5,79391% Brazil6,90660% Spain6,48185% FFEC in USA 27%  in 18 years

Trends in EEI 1975 to 2005 Country FFEC/HWE for 1975 FFEC/HWE for 2005 EEI 1985 EEI 1995 EEI 2005 EEI China 81,58928, Sweden 12,7744, UK 13,2995, US 20,1618, Japan 13,7997, Italy 10,5056, Spain 7,3166, India 8,6649,

Human Economic Welfare Index (2005) CountryGDPPDIEWIFEICEIEEIHEWI HEWI as % GDP India2,2341,8211, ,70276% China4,0762,0191, ,92447% South Africa8,5045,7824, ,46541% Brazil8,5055,4594, ,47953% Turkey10,9778,2917, ,59660% Croatia14,2718,6679, ,03256% Mexico12,5639,4928, ,46667% Russia11,86110,56410, ,11985% Korea, Rep22,78311,87511, ,60660% Spain27,37718,56920, ,67665% Japan30,31016,57118, ,91659% Italy28,14419,20520, ,19665% Germany31,37821,44923, ,50475% Sweden32,31916,18320, ,00174% UK32,69022,36423, ,19683% US41,83329,51627, ,14672%

Thank You