What can Jevons' Paradox tell us about energy law?
questionable-economics.com
questionable-economics.com
I'm not trying to imply that this will happen automatically, of course. However, there's ample opportunity to get a virtuous cycle of efficiency and increasing demand for renewable energy.
All the interesting economic decision activity takes place at the margin, efficiency improvements move the margin and the unprofitable becomes profitable.
It's not even paradoxical.