The Sustainability of `SustainableÂ´ Energy Use: Historical Evidence on the Relationship between Economic Growth and Renewable Energy
AbstractUnderstandably, focus on a transition to a low carbon economy has overshadowed what happens when the transition has been completed. This paper tries to offer lessons about the very long run aspects of a future economy reliant predominantly on renewable energy sources. The evidence is based on past economies and civilizations and their experiences of economic expansion driven by renewable energy resources. The paper proposes that economies around the world, since antiquity, have managed to survive, and even develop and grow driven by renewable energy sources. Successful long run economic growth depended on sound management of demand, supply and trade of woodfuel. Where governments failed to develop appropriate policies, growth and development was severely constrained. Despite the uncertainty about the future, this paper proposes that researchers start to consider the nature of long run economic growth and appropriate policies within renewable energy systems.
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Bibliographic InfoPaper provided by BC3 in its series Working Papers with number 2010-09.
Date of creation: Jul 2010
Date of revision:
Publication status: Published
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Web page: http://www.bc3research.org/
renewable energy; economic growth; low carbon economy; economic history;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-07-24 (All new papers)
- NEP-ENE-2010-07-24 (Energy Economics)
- NEP-ENV-2010-07-24 (Environmental Economics)
- NEP-FDG-2010-07-24 (Financial Development & Growth)
- NEP-HIS-2010-07-24 (Business, Economic & Financial History)
- NEP-REG-2010-07-24 (Regulation)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Chakravorty, Ujjayant & Roumasset, James & Tse, Kinping, 1997. "Endogenous Substitution among Energy Resources and Global Warming," Journal of Political Economy, University of Chicago Press, vol. 105(6), pages 1201-34, December.
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