1/ controversial topic: western economies are going to die due to poor energy policy, ESG is a mental illness

energy consumption in western economies down over the last decade. economic systems consume energy. declining consumption is a leading indicator of low systemic output. 
 https://i.imgur.com/ov3wxbb.jpg

3/ and a belief in / capital allocation to solutions that don't scale, lead to unprecedented environmental degradation, and make economies weaker and poorer

makes me depressed man

2/ capitalism of any kind is predicated on limitless growth, which requires better and more dense sources of energy, not less consumption

a decade of fear mongering, bad policy, pseudoscience, and ESG grift has resulted in a population that is ignorant about the fundamental relationship btw energy and economic growth

10 years in crypto. co-founder of @syndicate

energy efficiency has limits and should be displaced by consuming higher tech goods (requiring more HPC and therefore energy)

digital goods require energy consumption and have a very physically intense value chain, starting from semis to data centers to devices themselves and their energy consumption

🤔 

makes me wonder about:

1/ energy efficiency

2/ physical vs. digital GDP

I can't recommend enough to watch conferences from French engineer specialized on climate change, Jean Marc Jancovici explaining our complex energy consumption system in very simple and understandable terms.
https://www.youtube.com/watch?v=s254IPHXgVA

This chart is misleading -- it actually needs to factor in that technology allowed us to take something that 100w of energy and do it even better with 3w. See this on LEDs, but can be applied to everywhere (chips, industry, commercial buildings, etc.). 

https://t.ly/XuDF