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Economic feasibility of the path to zero net carbon emissions

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  • DeCanio, Stephen J.
  • Fremstad, Anders

Abstract

The United States and other developed countries currently and historically have transferred considerable resources overseas to further their foreign policy objectives and to purchase oil and natural gas. These transfers are comparable in magnitude to estimates of the scale of the economic effort that would be required to create a world-wide energy system with zero carbon emissions by the middle of this century. Solar energy, the most abundant of the alternative energy supply sources, is currently the most expensive of the alternatives to fossil fuels but a substantial body of research and practical experience suggests that solar costs could fall to competitive levels with sufficient technological progress and increases in solar energy production and capacity.

Suggested Citation

  • DeCanio, Stephen J. & Fremstad, Anders, 2011. "Economic feasibility of the path to zero net carbon emissions," Energy Policy, Elsevier, vol. 39(3), pages 1144-1153, March.
  • Handle: RePEc:eee:enepol:v:39:y:2011:i:3:p:1144-1153
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    References listed on IDEAS

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    1. Fthenakis, Vasilis & Mason, James E. & Zweibel, Ken, 2009. "The technical, geographical, and economic feasibility for solar energy to supply the energy needs of the US," Energy Policy, Elsevier, vol. 37(2), pages 387-399, February.
    2. Stephen DeCanio, 2003. "Economic Analysis, Environmental Policy, and Intergenerational Justice in the Reagan Administration The Case of the Montreal Protocol," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 3(4), pages 299-321, December.
    3. Michael Clemens & Todd Moss, 2005. "Ghost of 0.7%: Origins and Relevance of the International Aid Target," Development and Comp Systems 0509006, EconWPA.
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    Cited by:

    1. Leggett, L. Mark W. & Ball, David A., 2012. "The implication for climate change and peak fossil fuel of the continuation of the current trend in wind and solar energy production," Energy Policy, Elsevier, vol. 41(C), pages 610-617.
    2. Silveira, Jose Luz & Tuna, Celso Eduardo & Lamas, Wendell de Queiroz, 2013. "The need of subsidy for the implementation of photovoltaic solar energy as supporting of decentralized electrical power generation in Brazil," Renewable and Sustainable Energy Reviews, Elsevier, vol. 20(C), pages 133-141.
    3. Rajnish Mehra, 2013. "Asset Pricing Implications of Macroeconomic Interventions An Application to Climate Policy," NBER Working Papers 19146, National Bureau of Economic Research, Inc.

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