Seeds ECOE , Thinking out loud?

#129: Why, what, how?
Posted on June 20, 2018
SEEDS AND THE CHASM IN ECONOMIC UNDERSTANDING

Stylized modelled theory and Empirical Evidence. Seeds of Proof.

This calculation also means that GDP, reported at $127tn for 2017, falls to just $90tn on a clean, ex-manipulation basis – and even this, of course, is before we allow for ECoE, whose global cost has increased by 58%, from $4.5tn in 2008 to $6.9tn last year(2017).

2008 = 4.5tn 20 496 KWH per capita 6,757 billion

A critical point here is that, once on the upwards slope of the parabola, the rise in ECoE is exponential. According to SEEDS, global ECoE has risen from 3.5% in 1998 to 5.4% in 2008 and 8.0% now, and is projected to reach 10% by 2028.

This calculation also means that GDP, reported at $127tn for 2017, falls to just $90tn on a clean, ex-manipulation basis – and even this, of course, is before we allow for ECoE, whose global cost has increased by 58%, from $4.5tn in 2008 to $6.9tn last year.

A 58% increase in energy cost of energy from 2008 -2017? what could the other factors be ? is there double counting inherent in the monetary inflation?

This calculation also means that GDP, reported at $127tn for 2017, falls to just $90tn on a clean, ex-manipulation basis – and even this, of course, is before we allow for ECoE, whose global cost has increased by 58%, from $4.5tn in 2008 to $6.9tn last year.