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In the ten years from 2008, America’s economy grew by 15 per cent but its energy use fell by 2 per cent.

This is not because the American economy is generating fewer products; it’s producing more. It is not because there is more recycling – though there is. It’s because of economies and efficiencies created by innovation…. [T]hose who say growth is impossible without using more resources are simply wrong. It will always be possible to raise living standards further by lowering the amount of a resource that is used to produce a given output. Growth is therefore indefinitely ‘sustainable’.

Tags: economics

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