One of IIER's most ambitious research projects will begin in Q4/2011, in cooperation with the Imperial College in London. The project is aimed at supporting the activities of the Ecological Sequestration Trust, a U.K. based non-profit organization focused on the creation of sustainable (cycling) economies. In order to make this effort successful, we are looking for employees and volunteers who would like to contribute to this project aimed at providing the most solid underpinning of an economic view based on physical resource and energy consumption.

On June 15, 2010, when U.S. President Obama responded to the dramatic oil spill in the Gulf of Mexico during his Oval Office speech, he not only included the list of things the government wants to do about the imminent problem, but also urged the country to "transition away from fossil fuels" and to "jump start the clean energy industry". His pledge is in line with many of his predecessors, and with other leaders around the world, who for years now have supported renewable energy technologies. This is particularly true in Europe, where installed capacity for renewables has grown significantly during the past ten years. And even the U.S. - while slow in introducing renewable electricity technologies - to date has produced a significant amount of alternative fuels primarily through the mandatory addition of ethanol to gasoline.

For many people hoping for a future with less greenhouse gases and less environmental damage this focus on renewable energies might sound like a step in the right direction; for those who want low cost energy, maybe less so. But what both sides of the discussion forget is something quite simple: an energy future without fossil fuels will eventually arrive, and there is no way to extend current energy usage patterns and delivery systems into the future. In a nutshell: our current plans will fail. Let's explore why that is.