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来源类型Article
规范类型其他
DOI10.5547/01956574.39.1.vcou
ISBN0195-6574
Long-term endogenous economic growth and energy transitions.
Court, Victor; Jouvet, Pierre-André; Lantz, Frédéric
发表日期2018
出处Energy Journal
出版者International Association for Energy Economics
出版年2018
页码29-57
语种英语
摘要This article builds a bridge between the endogenous economic growth theory, the biophysical economics perspective, and the past and future transitions between renewable and nonrenewable energy forms that economies have had to and will have to accomplish. We provide an endogenous economic growth model subject to the physical limits of the real world, meaning that nonrenewable and renewable energy production costs have functional forms that respect physical constraints, and that technological level is precisely defined as the efficiency of primary-to-useful exergy conversion. The model supports the evidence that historical productions of renewable and nonrenewable energy have greatly influenced past economic growth. Indeed, from an initial almost-renewable-only supply regime we reproduce the increasing reliance on nonrenewable energy that has allowed the global economy to leave the state of economic stagnation that had characterized the largest part of its history. We then study the inevitable transition towards complete renewable energy that human will have to deal with in a not-too-far future since nonrenewable energy comes by definition from a finite stock. Through simulation we study in which circumstances this transition could have negative impacts on economic growth (peak followed by degrowth phase). We show that the implementation of a carbon price can partially smooth such unfortunate dynamics, depending on the ways of use of the income generated by the carbon pricing.
关键词Endogenous economic growth Technological change Exergy Energy transition
URLhttp://sro.sussex.ac.uk/id/eprint/78684/
来源智库Science Policy Research Unit (United Kingdom)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/469000
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Court, Victor,Jouvet, Pierre-André,Lantz, Frédéric. Long-term endogenous economic growth and energy transitions.. 2018.
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