New Zealand will inevitably make a transition to a steady-state economy. The onset of energy descent — having less and less energy to use with each passing decade — will push it to do so sooner rather than later. The critical question is whether the transition to a steady-state economy will be by design or disaster.
It is a safe prediction that New Zealand will eventually develop a steady-state economy, one characterised by stable or mildly fluctuating levels in population and consumption of energy and materials, with birth rates on par with death rates, and production on par with depreciation, all within levels of material throughput that do not exceed ecological limits.[1]
This is the inevitable outcome for all nations whether they set this goal or not. The reality of a steady-state economy will be determined in the end by non-negotiable natural laws rather than government edicts. How well human needs will be met in this process will be determined by whether we accept the challenge of ensuring our policies and practices are compatible with these natural laws. If they are, we have some chance of evolving a desirable steady-state economy that meets human needs into the foreseeable future — the good design scenario. If we continue policies which violate these natural laws we will also get to a steady-state economy — but one which is so degraded that it provides little output for human wellbeing — the disaster scenario.
energybulletin