The Decline in Energy Returned on Energy Invested, Net Energy, and Marginal Benefits
In this chapter, Manno and Balogh articulate a biophysical logic that complements the social, political, and ethical arguments against the unfettered extraction of fossil fuels. They argue that making a sound and rational decision about the future of energy requires approaching this issue from a broad systems perspective. Expanding on the ecological economics concept of Energy Return on Investment (EROI), Manno and Balogh offer WROI, Welfare Return on Investment, with an emphasis on quality of life and lifesaving measures for the planet.
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