Economic growth and transitions between renewable and nonrenewable energy resources

Tahvonen, Olli; Salo, Seppo

doi:10.1016/s0014-2921(00)00062-3

Cited by 195 publications

(127 citation statements)

References 24 publications

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“…For instance, we do not account for knowledge accumulation and directed technical change, which have been found to play a key role in the optimal transition from fossil to renewable energy (Tahvonen and Salo, 2001;Acemoglu et al, 2012;André and Smulders, 2014;Gerlagh et al, 2014). Knowledge spillovers would tend to increase the short-term gap between optimal investment in renewable and gas power (Rosendahl, 2004;del Rio Gonzalez, 2008), adding to the effect of adjustment costs studied here.…”

Section: Resultsmentioning

confidence: 99%

Optimal Transition from Coal to Gas and Renewable Power under Capacity Constraints and Adjustment Costs

Lecuyer¹,

Vogt-Schilb²

2014

Policy Research Working Papers

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Section: Resultsmentioning

confidence: 99%

Optimal Transition from Coal to Gas and Renewable Power under Capacity Constraints and Adjustment Costs

Lecuyer¹,

Vogt-Schilb²

2014

Policy Research Working Papers

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“…The link between energy consumption and economic growth, as well as the relevance of energy flows for economic development, has been widely studied in the economic literature from both theoretical and empirical standpoints [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17]. Understanding this relationship is particularly important from both environmental and socio-economic viewpoints, as energy consumption is crucial to economic development and human environmental impact.…”

Section: Introductionmentioning

confidence: 99%

Going beyond energy intensity to understand the energy metabolism of nations: The case of Argentina

Recalde

Ramos-Martín

2012

Energy

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The link between energy consumption and economic growth has been widely studied in the economic literature. Understanding this relationship is important from both an environmental and a socio-economic point of view, as energy consumption is crucial to economic activity and human environmental impact. This relevance is even higher for developing countries, since energy consumption per unit of output varies through the phases of development, increasing from an agricultural stage to an industrial one and then decreasing for certain service based economies.In the Argentinean case, the relevance of energy consumption to economic development seems to be particularly important. While energy intensity seems to exhibit a U-Shaped curve from 1990 to 2003 decreasing slightly after that year, total energy consumption increases along the period of analysis. Why does this happen? How can we relate this result with the sustainability debate? All these questions are very important due to Argentinean hydrocarbons dependence and due to the recent reduction in oil and natural gas reserves, which can lead to a lack of security of supply.In this paper we study Argentinean energy consumption pattern for the period 1990-2007, to discuss current and future energy and economic sustainability. To this purpose, we developed a conventional analysis, studying energy intensity, and a non conventional analysis, using the Multi-Scale Integrated Analysis of Societal and Ecosystem Metabolism (MuSIASEM) accounting methodology. Both methodologies show that the development process followed by Argentina has not been good enough to assure sustainability in the long term. Instead of improving energy use, energy intensity has increased. The current composition of its energy mix, and the recent economic crisis in Argentina, as well as its development path, are some of the possible explanations.

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“…Barbier [6], and Tahvonen and Salo [7] developed their endogenous growth models combined with resource constraints, highlighting the critical role of technology policy. On the other hand, Bovenberg and Smulders [8], Schou [9], Groth and Shou [10], and Grimaud and Rougé [11] introduced "knowledge" or "know-how" into their models of production sectors, and discussed how this knowledge accumulation would contribute to mitigating environmental constraints 1 .…”

Section: Introductionmentioning

confidence: 99%

The Optimal Timing of the Transition to New Environmental Technology for Economic Growth

Maeda¹,

Nagaya²

2012

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This study investigates the best timing for technological change affecting environmental quality in economic development. We develop a model that addresses the transition of environmental technology from an old system to a new one. Findings obtained are innovative in that they depict when as well as how transition to new environmental technology occurs. It demonstrates that the timing is endogenous and characterized by the properties of the economy: in particular, the optimal technology transition timing depends upon whether the economy is developing or developed.

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Economic growth and transitions between renewable and nonrenewable energy resources

Cited by 195 publications

References 24 publications

Optimal Transition from Coal to Gas and Renewable Power under Capacity Constraints and Adjustment Costs

Optimal Transition from Coal to Gas and Renewable Power under Capacity Constraints and Adjustment Costs

Going beyond energy intensity to understand the energy metabolism of nations: The case of Argentina

The Optimal Timing of the Transition to New Environmental Technology for Economic Growth

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