That article ties growth to consumption, and consumption to energy use. This does not have to be true.
We could all decide to multiply every currency with 10x and nothing would change except the number and we would have 10x economic growth as measured in the currency.
That is an obviously simplified example, but it is not that contrived. Modern money is not tied to energy use. Money is created out of thin air every day and that is ok.
We could all decide to multiply every currency with 10x and nothing would change except the number and we would have 10x economic growth as measured in the currency.
That is an obviously simplified example, but it is not that contrived. Modern money is not tied to energy use. Money is created out of thin air every day and that is ok.