Abstract
For understanding the role and value of energy transformation in economic growth process, industrial revolution is a critical historical event. The significance of industrial revolution not only consists in British industrialization and conversion to an economic power, but more importantly, it gets human society out of perennial low-level cyclic growth and propels it to enter sustained growth stage. In nature, industrial revolution is a far-reaching transition of economic growth mode in which organic economy transits to mineral energy economy. Energy transition is the motive power and core factor of economic transition. Economic mode based on mineral energy also exists in growth limit. This should be mainly ascribed to the finiteness of mineral energy and resources, as well as gas, environment and capacity limit related to energy and resource utilization and pollutant discharge. The more practical and urgent factor related to future economic growth “limit” is CO2 concentration limit conducive to rise in temperature. It poses new challenges to the transition of energy system based on fossil fuel.
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Notes
- 1.
Nokia Research Report in 2012: Comparison and Analysis on Industry Structure in China and America. http://www.noahwm.com/Fckeditor/NewsImages/2012/5/file/[PE]. Stones from other hills may serve to polish the jade of this one: Comparison and Analysis on Industry Structure in China and America pdf.
- 2.
Sealand Securities, Resource Regeneration and Infinite Business Opportunities—Special Report for Renewable Resource Recycling Use, June 25, 2012.
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Zhu, T., Wang, L. (2020). Energy Transition in Economic Growth. In: State Energy Transition. The Great Transformation of China. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-32-9499-8_1
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