Generational transfer is the passing down of assets, rights and privileges from one generation to another.
Everything can be thought of as part of the transfer including:
- All personal goods
- Public infrastructure
- Natural capital
- Debt or savings
- Social cohesion
David MacKay was one of the UKs top physicists and took a lead role in the introduction of green energy initiatives and energy conservation.
“Sustainable Energy Without the Hot Air”
Sadly David passed away in the spring of this year but part of his immense
legacy is a book on energy production and use in the UK titled “Sustainable Energy without the hot air”. This book, free to download, is simply the best energy reference produced to date and provides both great detail and a
broad overview of how a modern society consumes energy. Anyone interested in the subject at whatever level will find it extremely interesting and useful.
Aging is a natural trend towards an increase in the proportion of older people in our population and will continue until the Canadian population stabilizes.
The aging trend is merely part of the much larger demographic transition which has accompanied the development of our modern societies. In this transition, life expectancy has increased from under 40 years in the 1700s to nearly 80 and the number of children per woman has decreased from 6 to near 2.
This demographic transition features:
- lower fertility rates
- longer life spans and
- higher proportions of seniors