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European energy policy has not faced up to something about which there is increasingly little doubt: global reduction, or even stabilisation in energy use will not be achieved unless Europe and the other rich OECD countries aim at significantly curbing their energy services (heat, light, motive power, mobility and so on). The policy makers at the centre of the policy discourse on energy sustainability suffer from a form for self-deception which revolves around the equation of 'efficiency' with 'reduction' and 'sustainability', i.e., the untenable contention that technological and market efficiency alone will offset continued growth in energy services to the extent that deep reductions in energy use are possible. Many researchers and environmentalists seem to have, partly for strategic reasons, adapted to this view and thereby supported politicians in the selfdeception. In this paper we use results from India and China, with more than one third of the world population, to show how there is likely to be dramatic increases in energy use and greenhouse gas emissions in those countries over the next halfcentury. Much of this increase will be in conjunction with the development of basic services and infrastructure for homes, businesses, transport, health and public services, so that it is neither ethical nor even practical to argue for restrictions in overall energy growth in these and other developing countries. This places the onus for deep reductions in energy use on Europe, North America and the other affluent countries. The paper explores what such a change of focus would mean for policy and research agendas, and why there is friction to moving the policy envelope from 'efficiency' to also include 'sufficiency'. [ABSTRACT FROM AUTHOR]

Abstract: This paper addresses the impact of both economic growth and financial development on environmental degradation using a panel cointegration technique for the period between 1980 and 2007, except for Russia (1992–2007). In long-run equilibrium, CO2 emissions appear to be energy consumption elastic and FDI inelastic, and the results seem to support the Environmental Kuznets Curve (EKC) hypothesis. The causality results indicate that there exists strong bidirectional causality between emissions and FDI and unidirectional strong causality running from output to FDI. The evidence seems to support the pollution haven and both the halo and scale effects. Therefore, in attracting FDI, developing countries should strictly examine the qualifications for foreign investment or to promote environmental protection through the coordinated know-how and technological transfer with foreign companies to avoid environmental damage. Additionally, there exists strong output-emissions and output-energy consumption bidirectional causality, while there is unidirectional strong causality running from energy consumption to emissions. Overall, the method of managing both energy demand and FDI and increasing both investment in the energy supply and energy efficiency to reduce CO2 emissions and without compromising the country’s competitiveness can be adopted by energy-dependent BRIC countries. [ABSTRACT FROM AUTHOR]