Tuesday, August 17, 2010

35 years after the first energy crisis

More than 3 decades after the first energy crisis (late 73 - early 74), let us look back at the energy debate at the time, and the forecasts that were made for the turn of the 20th century. We now have the benefit of hindsight, and do not intend to criticize the views of the past, but rather learn a lesson of humility relevant for today.

Over these past 35 years, a long-term vision on energy has yet to emerge. The debate on nuclear is ongoing. After Chernobyl and Three Mile Island, we now have reached the end of the swing of the pendulum. Energy conservation remains a huge potential. Renewables have experienced remarkable progress over the past decade, but fall short of the expectations formed in 1974

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