Category: Energy Economics and the Luxury Market

  • How the Luxury Economy Depends on Cheap and Abundant Energy

    How the Luxury Economy Depends on Cheap and Abundant Energy

    The luxury economy is intricately linked to cheap and abundant energy, with 84% of global consumption derived from fossil fuels. Energy is vital for modern economic life, influencing GDP and global health. When energy supply decreases, luxury markets, including high-end gadgets and services, are impacted first. Economic growth and luxury consumption are closely tied to…