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Low Carbon Development: The Challenges of Green Energy Innovation

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  • Frank L. Bartels
  • Bianca Cravenna

Abstract

The pivotal issue in the current wide-ranging debate on sustainability, economic growth, the environment and Low Carbon Development (LCD) , taking departure from the perspective of “The Limits to Growth”, is managing the global commons (Nordhaus, 1994) in an intergenerational context (Arrow et al., 2013). Jordan and Fortin (2002. p. 366) conclude that biological relationships in ecological systems require maintenance and “thus, sustainability is a scale and topology issue, requiring not just the size of the economy in resource use per capita, but such an ecological value (spatial scarcity, ecological turnover times, inter-generational environmental lags) linked over space and time”. In this paper an overview of the different positions regarding LCD is provided and it is argued that it is necessary for industrialized countries to take action in order to allow sustainable growth.

Suggested Citation

  • Frank L. Bartels & Bianca Cravenna, 2015. "Low Carbon Development: The Challenges of Green Energy Innovation," Globelics Working Paper Series 2015-03, Globelics - Global Network for Economics of Learning, Innovation, and Competence Building Systems, Aalborg University, Department of Business and Management.
    • Handle: RePEc:aal:glowps:2015-03
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    References listed on IDEAS

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    Keywords

    Innovation; low carbon development; green energy; sustainability; economic growth.;
    All these keywords.

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