WEDNESDAY, NOVEMBER 10, 2010
Is Resilience the New Sustainability?
"Resilience is the ability to absorb ecological, social and economic changes."
Andres Edwards, the author of Thriving Beyond Sustainability
The International Energy Agency (IEA) has just released it's World Energy Outlook 2010 and it looks like oil may have reached it's peak in 2006. According to the IEA's report, which looked at the next 25-years of oil production, the most likely scenario is for oil production to stay on it's plateau of about 68 to 69 million barrels per day. The IEA says in this scenario oil "never regains its all-time peak of 70 million barrels per day reached in 2006." This is the first year that the IEA's report has not shown oil production rising for the next couple of decades. With the end of cheap oil likely in slight we may have to think past sustainability and think more about resilience.
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