Goldilocks Policy, The: The Basis For A Grand Energy Bargain
'The author leavens his discussion of a transition to a sustainable energy mix with the views of three prominent energy experts; following this is an introduction to "˜Goldilocks policy' and a detailed discussion of its obstacles. The author stresses the importance of factoring in capacity, cost, safety, reliability, and environmental effects in developing a sustainable energy policy.'
CHOICEThis book makes the case for a grand energy bargain that recognizes the need to protect the environment from the combustion of fossil fuels while protecting the national and global economies during the transition from fossil fuels to sustainable energy.Our future energy mix depends on choices we make, which depends, in turn, on energy policy. Society is continuing a trend toward decarbonization: the reduction in the relative amount of carbon in combustible fuels. The 21st century energy mix will depend on technological advances, including some advances that cannot be anticipated, and on choices made by society.There are competing visions for reaching a sustainable energy mix. If the energy transition is too fast, it could significantly damage the global economy. If the energy transition is too slow, damage to the environment could be irreversible.The 'Goldilocks Policy for Energy Transition' is designed to establish a middle ground between these competing visions. We need the duration of the energy transition to be just right; we need to adopt a reasonable plan of action that reduces uncertainty for businesses and innovators with predictable public policy while simultaneously minimizing environmental impact.The question of climate change is still unsettled, but enough is known to motivate a transition away from fossil fuels. The transition does not have to be abrupt and catastrophic, however. Historical energy transitions can be a guide to a reasonable duration for making an orderly transition. If we exercise discipline and patience, we can overcome the obstacles to successful implementation of a grand energy bargain.
1136055994
Goldilocks Policy, The: The Basis For A Grand Energy Bargain
'The author leavens his discussion of a transition to a sustainable energy mix with the views of three prominent energy experts; following this is an introduction to "˜Goldilocks policy' and a detailed discussion of its obstacles. The author stresses the importance of factoring in capacity, cost, safety, reliability, and environmental effects in developing a sustainable energy policy.'
CHOICEThis book makes the case for a grand energy bargain that recognizes the need to protect the environment from the combustion of fossil fuels while protecting the national and global economies during the transition from fossil fuels to sustainable energy.Our future energy mix depends on choices we make, which depends, in turn, on energy policy. Society is continuing a trend toward decarbonization: the reduction in the relative amount of carbon in combustible fuels. The 21st century energy mix will depend on technological advances, including some advances that cannot be anticipated, and on choices made by society.There are competing visions for reaching a sustainable energy mix. If the energy transition is too fast, it could significantly damage the global economy. If the energy transition is too slow, damage to the environment could be irreversible.The 'Goldilocks Policy for Energy Transition' is designed to establish a middle ground between these competing visions. We need the duration of the energy transition to be just right; we need to adopt a reasonable plan of action that reduces uncertainty for businesses and innovators with predictable public policy while simultaneously minimizing environmental impact.The question of climate change is still unsettled, but enough is known to motivate a transition away from fossil fuels. The transition does not have to be abrupt and catastrophic, however. Historical energy transitions can be a guide to a reasonable duration for making an orderly transition. If we exercise discipline and patience, we can overcome the obstacles to successful implementation of a grand energy bargain.
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Goldilocks Policy, The: The Basis For A Grand Energy Bargain

Goldilocks Policy, The: The Basis For A Grand Energy Bargain

by John R Fanchi
Goldilocks Policy, The: The Basis For A Grand Energy Bargain

Goldilocks Policy, The: The Basis For A Grand Energy Bargain

by John R Fanchi

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Overview

'The author leavens his discussion of a transition to a sustainable energy mix with the views of three prominent energy experts; following this is an introduction to "˜Goldilocks policy' and a detailed discussion of its obstacles. The author stresses the importance of factoring in capacity, cost, safety, reliability, and environmental effects in developing a sustainable energy policy.'
CHOICEThis book makes the case for a grand energy bargain that recognizes the need to protect the environment from the combustion of fossil fuels while protecting the national and global economies during the transition from fossil fuels to sustainable energy.Our future energy mix depends on choices we make, which depends, in turn, on energy policy. Society is continuing a trend toward decarbonization: the reduction in the relative amount of carbon in combustible fuels. The 21st century energy mix will depend on technological advances, including some advances that cannot be anticipated, and on choices made by society.There are competing visions for reaching a sustainable energy mix. If the energy transition is too fast, it could significantly damage the global economy. If the energy transition is too slow, damage to the environment could be irreversible.The 'Goldilocks Policy for Energy Transition' is designed to establish a middle ground between these competing visions. We need the duration of the energy transition to be just right; we need to adopt a reasonable plan of action that reduces uncertainty for businesses and innovators with predictable public policy while simultaneously minimizing environmental impact.The question of climate change is still unsettled, but enough is known to motivate a transition away from fossil fuels. The transition does not have to be abrupt and catastrophic, however. Historical energy transitions can be a guide to a reasonable duration for making an orderly transition. If we exercise discipline and patience, we can overcome the obstacles to successful implementation of a grand energy bargain.

Product Details

ISBN-13: 9789813277441
Publisher: World Scientific Publishing Company, Incorporated
Publication date: 02/21/2019
Pages: 228
Product dimensions: 6.00(w) x 9.00(h) x 0.48(d)

About the Author

John R. Fanchi is Professor in the Department of Engineering and Energy Institute at Texas Christian University in Fort Worth, Texas. He has a PhD in physics and teaches courses in energy and engineering. Before this appointment the aught at the Coloraco School of Mines, and worked in the technology centers of four energy companies. He is the author of numerous books, including Energy in the 21st Century, 4th Edition (World Scientific 2017), Principles of Applied Reservoir Simulation, 4th Ed, (Elsevier, 2018), Introduction to Petroleum Engineering with R.L. Phristiansen Wiley, 2017), Integrated Reservoir Asset Management (Elsevier 2010), Math Refresher for Scientist and Engineers, 3rd Ed (Wiley, 2006), Energy Technology and Directions for the Future (Elsevier-Academic Press, 2004) Snared Earth Modeling Elsevier, 2002, Integreted Flow Modeling (Elsevier 2000), and Parametrized Relativistic Quantum Theory (Kuwer, 1993). He was co-founder of the International Association for Relativistic Dymanics and served as its President from 1998-2004. He is a Distinguished Member of the Society of Petroleum Engineers and co-edited the General Engineering volume of the Petroleum Engineering Handbook Published by the Society of Petroleum Engineers.

Table of Contents

Preface vii

Part I Introduction

1 What is energy? 2

2 How much energy do we consume? 3

3 Why should we care about energy? 11

4 Is our use of energy affecting the climate? 14

5 Should we be concerned about our supply of energy? 17

Part II Is the Climate Change Debate Settled?

6 Is our climate changing? 24

7 What is affecting the atmosphere? 25

8 Are we changing the atmosphere? 29

9 Has climate change occurred before? The long view 41

10 What might be the consequences of anthropogenic climate change? 46

11 How can we reduce greenhouse gas emissions? 48

12 Is the climate change debate settled? 52

12.1 Population growth 54

12.2 IPCC versus NIPCC: Is this the debate? 55

12.3 COP21: The Paris climate meeting 58

12.4 The oil and gas climate initiative 60

Part III Roadmap to a Sustainable Energy Mix

13 Trend toward decarbonization 64

14 Competing energy visions 65

15 How can we transition to a sustainable energy mix? 69

15.1 John Hofmeister and regulation 69

15.2 Vaclav Smil and the transition from fossil fuels to renewables 70

15.3 Daniel Yergin and the quest for change 73

16 Goldilocks policy for energy transition 75

16.1 Historical basis for duration of energy transitions 75

16.2 Temperature change forecast 77

16.3 The Goldilocks policy 79

Part IV Obstacles to Adopting the Goldilocks Policy

17 Conventional political obstacles 84

17.1 Typical forms of government 84

17.2 Government and energy 86

17.3 Mass media 86

18 Role of geopolitics 87

18.1 Clash of civilizations 87

18.2 Clash over resources 93

18.3 Energy interdependence 93

19 The political roots of socialist environmentalism 95

19.1 Is modern environmentalism an attempt to impose socialism? 95

19.2 Dialectical materialism 97

19.3 The Marxist view of property 99

19.4 The Marxist view of natural resources 100

19.5 The Marxist view of environmentalism goes national 102

19.6 The Fabian Society: Evolutionary rather than revolutionary 104

19.7 The Marxist view of environmentalism goes global 105

20 Oligarchic political obstacles 106

20.1 Quigley's plutocracy model 107

20.2 The bureaucratic ruling class model 115

21 Fabian socialism as a political obstacle 120

21.1 The Fabian Society 120

21.2 Fabian globalism 124

22 Globalism as a political obstacle 126

22.1 World War I and The Inquiry 126

22.2 Walter Lippmann's brush with Fabian socialism 128

22.3 Wilson's 14 Points and the League of Nations 130

23 Environmentalism and the United Nations 132

24 Maurice Strong and global socialist environmentalism 135

25 International banking and globalization 147

26 Funding of globalization by the privileged minority 151

26.1 Amassing the Rockefeller fortune 151

26.2 The Rockefeller Foundation 153

26.3 International banker David Rockefeller 157

27 Picking up the environmental baton: Barack Obama 166

Part V What Is the Future of Energy?

28 Can the obstacles be overcome? 174

28.1 Competing economic visions 175

28.2 Global feudalism 177

29 Selecting our energy future 178

Appendix A The Goldilocks Story 181

Appendix B The Earth Charter 183

References 195

Index 209

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