Renewables Are For Winners, Oil For Losers
Here are the results of the Legatum Prosperity Index, showing the world’s most and least prosperous nations in 2012. The most prosperous nations:
5. New Zealand
But wait a minute, there is something interesting to be noted in this list: the top two are nations that are champions in the application of renewable energy. Norway generates 100% of its electricity from hydro power. It can do this because it has few people in a relatively large mountainous country. And much of its income is generated from offshore oil that can be sold for hard cash (but is slowly running out now). So Norway is not really a fair example. But Denmark is different. It does not have resources worth mentioning, it is located in an isolated position, like Norway, yet it generates more than 40% and counting of its electricity from wind! This proves that it is possible to have an advanced economy, be prosporous and yet have a renewable energy base.
Interesting is that the US has left the top ten for the first time, ranking 12th now and is likely to drop further in the coming years. And it remains to be seen how much it can stay ahead of countries like the Ukraine, once the dollar will lose its reserve currency status, the big hidden subsidy of the US. Maybe that the elites of potential future countries like Flanders, Scotland, Catalonia, and yes New Hampshire, Montana and Wyoming, should have a good look at Denmark as an inspiring example of how well smaller countries can do. You do not need to be a member of the G-whatever, you need to be small and decentralized and relatively independent to prosper… and stay sceptical towards the (non-existing) benefits of mass-immigration, like Denmark.