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Energy security, economic development and global warming: addressing short and long term challenges

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  • Graciela Chichilnisky
  • Peter Eisenberger

Abstract

Energy security, economic development and averting global warming are conflicting objectives in a fossil fuel economy. In the long run, sustainable development requires a shift to renewable energy sources. In the short run it requires swift action (IPCC) and different strategies. The article analyses a negative carbon process to co-produce electricity while reducing carbon concentration in the atmosphere (Jones, 2008, 2009; Chichilnisky, 2008b; Chichilnisky and Eisenberger, 2009; Eisenberger et al., 2009). While providing additional energy the process makes fossil power plants net carbon sinks. The article addresses short and long run challenges with this capability in the context of the economic incentives provided by the carbon market of the UN Kyoto Protocol, created by one of the authors in 1997 (Chichilnisky, 1993, 1996; Chichilnisky and Heal, 1994, 1995; Chichilnisky and Sheeran, 2009; Pagnamenta, 2009). We propose extending Kyoto's clean development mechanism (CDM) in a way that benefits Latin America and Africa (Chichilnisky and Heal, 1999; Chichilnisky, 1996), and analyse the global transition from a fossil to a renewable economy.

Suggested Citation

  • Graciela Chichilnisky & Peter Eisenberger, 2009. "Energy security, economic development and global warming: addressing short and long term challenges," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 3(3/4), pages 414-446.
    • Handle: RePEc:ids:ijgrec:v:3:y:2009:i:3/4:p:414-446
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    Citations

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    Cited by:

    1. Chichilnisky, Graciela & Hammond, Peter J., 2016. "The Kyoto Protocol and Beyond: Pareto Improvements to Policies that Mitigate Climate Change," CAGE Online Working Paper Series 287, Competitive Advantage in the Global Economy (CAGE).
    2. Register, D. Lane & Lambert, Dayton M. & English, Burton C. & Jensen, Kimberly L. & Menard, R. Jamey & Wilcox, Michael D., 2012. "Geographical Analysis of US Green Sector Industry Concentration," 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama 119742, Southern Agricultural Economics Association.
    3. Massimiliano Mazzanti, 2014. "Market and policy shocks in economic systems: interrelated dynamics towards future sustainability," SEEDS Working Papers 1214, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised May 2014.
    4. Massimiliano Mazzanti, 2014. "Market and policy shocks in economic systems: interrelated dynamics in the sustainability transition," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2014(2), pages 153-164.
    5. Sanwar A. Sunny & Cheng Shu, 2019. "Investments, incentives, and innovation: geographical clustering dynamics as drivers of sustainable entrepreneurship," Small Business Economics, Springer, vol. 52(4), pages 905-927, April.

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