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A Robust Strategy for Sustainable Energy

Author

Listed:
  • Klaus S. Lackner

    (Columbia University)

  • Jeffrey D. Sachs

    (Columbia University)

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.

Suggested Citation

  • Klaus S. Lackner & Jeffrey D. Sachs, 2005. "A Robust Strategy for Sustainable Energy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 36(2), pages 215-284.
  • Handle: RePEc:bin:bpeajo:v:36:y:2005:i:2005-2:p:215-284
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    File URL: https://www.brookings.edu/wp-content/uploads/2005/06/2005b_bpea_lackner.pdf
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    References listed on IDEAS

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    5. Sebastiano Cupertino, 2013. "Cost-benefit analysis of carbon dioxide capture and storage considering the impact of two different climate change mitigation regimes," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2013(1), pages 73-89.
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    11. Scott Barrett, 2009. "The Coming Global Climate-Technology Revolution," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 53-75, Spring.
    12. Botelho, Anabela & Lourenço-Gomes, Lina & Pinto, Lígia & Sousa, Sara & Valente, Marieta, 2017. "Accounting for local impacts of photovoltaic farms: The application of two stated preferences approaches to a case-study in Portugal," Energy Policy, Elsevier, vol. 109(C), pages 191-198.
    13. Jatin Nathwani & Artie W. Ng, 2014. "Investing in the next generation of infrastructure for sustainable energy in Canada," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 4(3), pages 272-279, July.
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    15. Rappold, T.A. & Lackner, K.S., 2010. "Large scale disposal of waste sulfur: From sulfide fuels to sulfate sequestration," Energy, Elsevier, vol. 35(3), pages 1368-1380.
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    18. Narita, Daiju, 2009. "Economic optimality of CCS use: a resource-economic model," Kiel Working Papers 1508, Kiel Institute for the World Economy (IfW Kiel).
    19. 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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    21. Gregory F. Nemet and Adam R. Brandt, 2012. "Willingness to Pay for a Climate Backstop: Liquid Fuel Producers and Direct CO2 Air Capture," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
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    More about this item

    Keywords

    macroeconomics; Sustainable Energy;

    JEL classification:

    • N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative
    • O13 - Economic Development, Innovation, 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 Adoption and Costs; Distributional Effects; Employment Effects

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