A Robust Strategy for Sustainable Energy
AbstractThe known energy resource base is more than sufficient to provide a growing world population with energy on the scale to which the industrial countries have grown accustomed and to which the developing countries aspire. Environmental constraints exist but have promising solutions, provided farsighted policies are adopted in timely fashion. We illustrate the scale of the problem using a simple numerical scenario of world energy demand over the next century and calculating the implied increase in carbon emissions and atmospheric carbon concentrations. We conclude that action is needed soon to keep carbon concentrations below 500 parts per million as of 2050 and that the cost of mitigation will be less than 1 percent of gross world product as of 2050, assuming today’s promising technologies prove successful, but also that additional novel mitigation technologies will need to be developed and adopted after 2050.
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Bibliographic InfoArticle provided by Economic Studies Program, The Brookings Institution in its journal Brookings Papers on Economic Activity.
Volume (Year): 36 (2005)
Issue (Month): 2 ()
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macroeconomics; Sustainable Energy;
Find related papers by JEL classification:
- N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative
- O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
- Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Costs; Distributional Effects; Employment Effects
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