Energy soared in 2014, but the place to watch was China. China has embarked on the biggest energy expansion in world history and 2014 was the year when it all came together. China is diversifying its energy mix like no other country in the world, and now leads the world in almost all energy-related matters. China now has more natural gas reserves than anyone, has installed more wind and solar than anyone, produces and uses more coal than anyone, and soon will add nuclear power to this list of mosts.
Nextbigfuture – Economists had fundamental problems modeling the economy because they did not understand basic phyics and engineering. Correctly accounting for the first two laws of thermodynamics increases the impact of energy on the economy by ten times.
A paper shows that the failure to describe modern economies adequately is not due to the introduction of calculus into economic theory by the so-called ‘marginal revolution’ during the second half of the 19th century, when the mathematical formalism of physics decisively influenced economic theory. Rather, the culprit is the disregard of the first two laws of thermodynamics and of technological constraints in the theory of production and growth of industrial economies.
While there have been large scale, significant solar power installations in the US recently they won’t cover the entire energy requirement. Next Big Future covers the solar increases as well as potential nuclear fuel improvements that could lead to a vast uprate of the nation’s nuclear power plants.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.