- The New York Times has an interesting story on the rising costs for new power plants because of increasing global competition for raw materials such as copper, steel or nickel. The story shows that the so-called energy alternatives (coal, nuclear, wind power) will have their own challenges as demand growth for the raw materials needed to build them will lead to higher costs. I wonder whether the Stern report has taken this into consideration in its cost calculations.
The story also proves that we are moving from an exceptional era of abundance to an era of new scarcities with big ramifications in terms of potential diplomatic and military conflicts. Plus it confirms that economies are constrained by ecological limits.