This authoritative but highly accessible book presents the reader with a powerful framework for understanding the critical role of the energy return on investment (EROI) in the survival and well-being of individuals, ecosystems, businesses, economies and nations. Growth and development are fundamental and ubiquitous processes at all scales, from individuals to food crops to national economies. While we are all familiar with the concepts of economic growth and living standards as measured by gross domestic product (GDP), we often take for granted the energy use that underpins GDP and our expectations for year-on-year growth. In this book, you will learn how these measures of progress are completely dependent on the balance that can be achieved between energy costs (inputs) and gains. Nothing is made or moved without an energy surplus, and it is the EROI of available energy sources more than any other single factor that determines the shape of civilization.
Nearly all politics and economics assume that policy and market forces are the levers upon which future outcomes will hinge. However, this book presents many examples of historical and current events that can be explained much more clearly from an energetic perspective. In addition, a future scenario is developed that gives a central place to EROI in assessing the potential of governmental and private initiatives to substitute so-called renewable energy sources for diminishing stocks of fossil fuels. When cheap fossil fuels are no longer available in the abundance needed to mask economic problems and power business as usual, it will be EROI more than the plethora of green technologies that creates the boundary conditions for a sustainable future.

Provides a solid foundation for investors to understand what is ultimately behind markets Presents an accessible but powerful overview of energy as a ubiquitous causative agent in all phenomena across several disciplines Offers a synthetic and transdisciplinary perspective for understanding the common drivers of apparently disparate phenomena in nature and society Helps you to evaluate claims of greenness and sustainability from consumer products to science

Autorentext
Charles Hall is a Systems Ecologist who received his PhD under Howard T. Odum at the University of North Carolina at Chapel Hill. Dr. Hall is Professor Emeritus at the College of Environmental Science and Forestry at the State University of New York, and the author or editor of twelve books and nearly 300 scholarly articles. He has worked or taught in some 30 different countries. He is best known for development of the concept of EROI, or energy return on investment, which is an examination of how organisms, including humans, invest energy into obtaining additional energy to improve biotic or social fitness. He has applied these approaches to fish migrations, carbon balance, tropical land use change, the extraction of petroleum and other fuels, and how EROI influences the ability of society to achieve different levels of economic and social development. Presently he is developing a new field, BioPhysical Economics, as a supplement or alternative to conventional neoclassical economics,while applying systems and EROI thinking to a broad series of resource and economic issues.

Inhalt
Energy as the master resource.- The ecological theatre and the evolutionary play.- Energy Return on Investment as master driver.- Calculating Energy costs and gains in plant and animal populations.- Calculating Energy costs and gains in human societies.- Maximum Power.- The future in a lower EROI world.