Tuesday, February 26, 2013

Sustainable Energy

Experts on the World Economic Forum’s Council on Biotechnology have selected 10 developments which they believe could help not only meet the rapidly growing demand for energy, food and healthcare, but also increase productivity and create new jobs, should issues such as regulatory certainty, public perception and investment be tackled successfully. In this blog post, the council members make their case for each of these technologies and highlight their potential benefits:
The link is here.

An absolutely cool picture from the blog is to the left.

I keep thinking how I'm asked to do more and more with less and less.  Economics concerns itself with satisfying unlimited wants with limited resources. One way Economists define technology is to produce the same amount with the less resources.  So biosynthesis attacks the fundamental economic problem with technology.  If the answer to energy is biosynthesis, what changes will society make?  Economics also defines efficiency as the condition where to in order to get more of one good one must give up some of another.

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