Bashmakov, Igor; Grubb, Michael; Drummond, Paul; Lowe, … - 2023
This paper demonstrates an apparent long-term constancy of economy-wide energy expenditures relative to income – an inter-decadally-constrained sustainable (“Bashmakov-Newbery”) range of 4.2±0.8% relative to Gross Output, and 7.2±1.5% relative to GDP. Initial evidence suggests the range...