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A Robust Strategy for Sustainable Energy

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Author Info

  • Klaus S. Lackner

    (Columbia University)

  • Jeffrey D. Sachs

    (Columbia University)

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    Abstract

    The 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 Info

    Article provided by Economic Studies Program, The Brookings Institution in its journal Brookings Papers on Economic Activity.

    Volume (Year): 36 (2005)
    Issue (Month): 2 ()
    Pages: 215-284

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    Handle: RePEc:bin:bpeajo:v:36:y:2005:i:2005-2:p:215-284

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    Related research

    Keywords: macroeconomics; Sustainable Energy;

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    Cited by:
    1. Evans, Annette & Strezov, Vladimir & Evans, Tim J., 2009. "Assessment of sustainability indicators for renewable energy technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(5), pages 1082-1088, June.
    2. Joarder Munim & Md. Hakim & Md. Abdullah-Al-Mamun, 2010. "Analysis of energy consumption and indicators of energy use in Bangladesh," Economic Change and Restructuring, Springer, vol. 43(4), pages 275-302, November.
    3. Masih, A. Mansur M. & Albinali, Khaled & DeMello, Lurion, 2010. "Price dynamics of natural gas and the regional methanol markets," Energy Policy, Elsevier, vol. 38(3), pages 1372-1378, March.
    4. Scott Barrett, 2009. "The Coming Global Climate-Technology Revolution," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 53-75, Spring.
    5. Stokes, Leah C., 2013. "The politics of renewable energy policies: The case of feed-in tariffs in Ontario, Canada," Energy Policy, Elsevier, vol. 56(C), pages 490-500.

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