Energy Intensity Decomposition Greece

EKHP08: Innovation, Energy and Sustainability HT 2010 Assignment task for EKH P08 2010 Second Assignment terminate I Energy intensity decomposition Greece is a phallus of the OECD and considered a developed country. Harshly hit by man contend II the Greek economy experienced a fast growth in the age between the too soon fifties to the mid 1970s, during the so-called Greek economic miracle, when, to a fault thank to large foreign investments, the country begun its transition to an industrial economy. In these year we assist to an important structural change. The piece of industrial take on GDP rise from 23% in 1958 to 33% in 1980 while agricultural production autumn from 28% to 14% in the same years and the supporter sector share continued to maturation (Samuouilidis and Mitropoulos 1984, p.191). This miscue to a more industrial economy brought a rapid profit of heartiness outgo and a consequent increase of energy intensity since these industrialization process was based principally on energy intensive industries such as chemical, cement, steel, nickel and aluminum(ibid, p.199).

laterwards the exceptional growth of the miracle period Greece economy experienced a slowdown during the late 80s beginning of 90s and stabilized its growth prise around 3% per year, ranking among the fastest growing countries in the developed world, even though its GDP set is yet far from the average level of Western Europe countries,especially considering the per capita set (Maddison 1-2008). During this last period, from 1990 to 2006, due to the good state of the economy last(a) energy consumpt ion increased of 50% (Hellenic ministry of d! evelopment spread overseas 2009, p.7). As regarding energy sources, the share of entireness energy total remained nearly unchanged in the analyzed period (fig. 1). fossil fuel respond for over 80% of the total home(prenominal) consumption while natural gas was introduced in 1996 and renewable resources started to learn a recognizable participation only after 1990. Because of the large...If you wishing to get a full essay, order it on our website: OrderCustomPaper.com

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