Advanced Search
MyIDEAS: Login to save this paper or follow this series

Tracking global fuel supply, CO2 emissions and sustainable development

Contents:

Author Info

  • Liam Wagner

    ()
    (Department of Economics, University of Queensland)

  • Ian Ross

    ()
    (IMB, University of Queensland)

  • John Foster

    ()
    (Department of Economics, University of Queensland)

  • Ben Hankamer

    ()
    (IMB, University of Queensland)

Abstract

Reducing CO2 emissions is imperative to stay within the 2oC global warming ‘safe limit’ of the Intergovernmental Panel on Climate Change. However to ensure social and political stability, these reductions must be aligned with fuel security and economic growth. Here an advanced multifactorial model is used to forecast global energy demand, based on global population, current energy use and economic growth rates allowing a critical analysis of global energy use patterns. A severe upward pressure on global energy demand results from the combined interplay of increasing population and continuing economic growth. The predictive output highlights (i) the potential for an exponential increase of fuel consumption (ii) serious fossil fuel limitations from 2033 onward, (iii) implications for CO2 emission reduction in a ‘pro-growth’ global economy and (iv) poverty alleviation. These findings place economists and environmentalists on the same side and establish a reference to guide sustainable development.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.uq.edu.au/eemg/docs/workingpapers/2013-07.pdf
Download Restriction: no

Bibliographic Info

Paper provided by School of Economics, University of Queensland, Australia in its series Energy Economics and Management Group Working Papers with number 7-2013.

as in new window
Length:
Date of creation: Aug 2013
Date of revision:
Handle: RePEc:qld:uqeemg:7-2013

Contact details of provider:
Postal: St. Lucia, Qld. 4072
Phone: +61 7 3365 6570
Fax: +61 7 3365 7299
Email:
Web page: http://www.uq.edu.au/eemg
More information through EDIRC

Related research

Keywords: Energy Demand; Fossil Fuels; Economic Growth; Climate Change; Equilibrium correction Model; Time Series;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
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.:
as in new window
  1. Stern, David & Enflo, Kerstin, 2013. "Causality Between Energy and Output in the Long-Run," Lund Papers in Economic History 126, Department of Economic History, Lund University.
  2. Foster, John, 2011. "Energy, aesthetics and knowledge in complex economic systems," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 88-100.
  3. Mohr, S.H. & Evans, G.M., 2010. "Long term prediction of unconventional oil production," Energy Policy, Elsevier, vol. 38(1), pages 265-276, January.
  4. Bentley, R.W. & Mannan, S.A. & Wheeler, S.J., 2007. "Assessing the date of the global oil peak: The need to use 2P reserves," Energy Policy, Elsevier, vol. 35(12), pages 6364-6382, December.
  5. Kjärstad, Jan & Johnsson, Filip, 2009. "Resources and future supply of oil," Energy Policy, Elsevier, vol. 37(2), pages 441-464, February.
  6. Chiou-Wei, Song Zan & Chen, Ching-Fu & Zhu, Zhen, 2009. "Economic growth and energy consumption revisited -- Evidence from linear and nonlinear Granger causality," Energy Economics, Elsevier, vol. 31(2), pages 235-239, March.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:qld:uqeemg:7-2013. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Randal Anderson).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.