IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-04087628.html
   My bibliography  Save this paper

Assessing the economic consequences of an energy transition through a biophysical stock-flow consistent model

Author

Listed:
  • Pierre Jacques

    (UCL - Université Catholique de Louvain = Catholic University of Louvain)

  • Louis Delannoy

    (STEEP - Sustainability transition, environment, economy and local policy - Inria Grenoble - Rhône-Alpes - Inria - Institut National de Recherche en Informatique et en Automatique - LJK - Laboratoire Jean Kuntzmann - Inria - Institut National de Recherche en Informatique et en Automatique - CNRS - Centre National de la Recherche Scientifique - UGA - Université Grenoble Alpes - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes)

  • Baptiste Andrieu

    (The Shift Project. Redesigning the economy to achieve carbon transition, ISTerre - Institut des Sciences de la Terre - IRD - Institut de Recherche pour le Développement - INSU - CNRS - Institut national des sciences de l'Univers - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc - CNRS - Centre National de la Recherche Scientifique - Université Gustave Eiffel - Fédération OSUG - Observatoire des Sciences de l'Univers de Grenoble - UGA - Université Grenoble Alpes)

  • Devrim Yilmaz

    (AFD - Agence française de développement)

  • Hervé Jeanmart

    (UCL - Université Catholique de Louvain = Catholic University of Louvain)

  • Antoine Godin

    (AFD - Agence française de développement)

Abstract

The biophysical foundations of socio-economic systems are underrepresented in the vast majority of macroeconomic models. This lack is particularly troublesome when considering the links between energy, matter and the economy in the context of the energy transition. As a remedy, we present here a biophysical stock-flow consistent macroeconomic model calibrated at the global scale, that combines detailed bottom-up estimates for the high capital intensity of renewable energies and the decreasing energy return on investment (EROI) of fossil fuels. We find that the completion of a global energy transition scenario compatible with the 1.5 °C objective of the Paris Agreement leads to a decrease of the system's EROI and to high investment share, employment and inflation trends, characteristic of a "war economy". Our results further indicate that a slower growth rate eases the transition, and call for further work on post-growth scenarios studies.

Suggested Citation

  • Pierre Jacques & Louis Delannoy & Baptiste Andrieu & Devrim Yilmaz & Hervé Jeanmart & Antoine Godin, 2023. "Assessing the economic consequences of an energy transition through a biophysical stock-flow consistent model," Post-Print hal-04087628, HAL.
  • Handle: RePEc:hal:journl:hal-04087628
    DOI: 10.1016/j.ecolecon.2023.107832
    Note: View the original document on HAL open archive server: https://hal.science/hal-04087628v1
    as

    Download full text from publisher

    File URL: https://hal.science/hal-04087628v1/document
    Download Restriction: no

    File URL: https://libkey.io/10.1016/j.ecolecon.2023.107832?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Roberto Veneziani & Luca Zamparelli & Michalis Nikiforos & Gennaro Zezza, 2017. "Stock-Flow Consistent Macroeconomic Models: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1204-1239, December.
    2. Robert U. Ayres & Benjamin Warr, 2009. "The Economic Growth Engine," Books, Edward Elgar Publishing, number 13324.
    3. King, Carey W., 2020. "An integrated biophysical and economic modeling framework for long-term sustainability analysis: the HARMONEY model," Ecological Economics, Elsevier, vol. 169(C).
    4. Atse Louwen & Wilfried G. J. H. M. van Sark & André P. C. Faaij & Ruud E. I. Schropp, 2016. "Re-assessment of net energy production and greenhouse gas emissions avoidance after 40 years of photovoltaics development," Nature Communications, Nature, vol. 7(1), pages 1-9, December.
    5. Lee,Frederic S., 2006. "Post Keynesian Price Theory," Cambridge Books, Cambridge University Press, number 9780521030212, September.
    6. Charpe,Matthieu & Chiarella,Carl & Flaschel,Peter & Semmler,Willi, 2015. "Financial Assets, Debt and Liquidity Crises," Cambridge Books, Cambridge University Press, number 9781107546660.
    7. Louison Cahen-Fourot & Marc Lavoie, 2016. "Ecological monetary economics: a post-Keynesian critique," Post-Print hal-01343731, HAL.
    8. Le Boulzec, Hugo & Delannoy, Louis & Andrieu, Baptiste & Verzier, François & Vidal, Olivier & Mathy, Sandrine, 2022. "Dynamic modeling of global fossil fuel infrastructure and materials needs: Overcoming a lack of available data," Applied Energy, Elsevier, vol. 326(C).
    9. Naqvi, Asjad & Stockhammer, Engelbert, 2018. "Directed Technological Change in a Post-Keynesian Ecological Macromodel," Ecological Economics, Elsevier, vol. 154(C), pages 168-188.
    10. Rezai, Armon & Taylor, Lance & Mechler, Reinhard, 2013. "Ecological macroeconomics: An application to climate change," Ecological Economics, Elsevier, vol. 85(C), pages 69-76.
    11. Chiarella,Carl & Flaschel,Peter, 2011. "The Dynamics of Keynesian Monetary Growth," Cambridge Books, Cambridge University Press, number 9780521180184, September.
    12. Northey, S. & Mohr, S. & Mudd, G.M. & Weng, Z. & Giurco, D., 2014. "Modelling future copper ore grade decline based on a detailed assessment of copper resources and mining," Resources, Conservation & Recycling, Elsevier, vol. 83(C), pages 190-201.
    13. Fontana, Giuseppe & Sawyer, Malcolm, 2016. "Towards post-Keynesian ecological macroeconomics," Ecological Economics, Elsevier, vol. 121(C), pages 186-195.
    14. Jackson, Tim & Victor, Peter A., 2020. "The Transition to a Sustainable Prosperity-A Stock-Flow-Consistent Ecological Macroeconomic Model for Canada," Ecological Economics, Elsevier, vol. 177(C).
    15. Sers, Martin R. & Victor, Peter A., 2018. "The Energy-emissions Trap," Ecological Economics, Elsevier, vol. 151(C), pages 10-21.
    16. Dafermos, Yannis & Nikolaidi, Maria & Galanis, Giorgos, 2017. "A stock-flow-fund ecological macroeconomic model," Ecological Economics, Elsevier, vol. 131(C), pages 191-207.
    17. Eugenio Caverzasi & Antoine Godin, 2015. "Post-Keynesian stock-flow-consistent modelling: a survey," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 39(1), pages 157-187.
    18. Dafermos, Yannis & Nikolaidi, Maria & Galanis, Giorgos, 2018. "Climate Change, Financial Stability and Monetary Policy," Ecological Economics, Elsevier, vol. 152(C), pages 219-234.
    19. Jackson, Andrew & Jackson, Tim, 2021. "Modelling energy transition risk: The impact of declining energy return on investment (EROI)," Ecological Economics, Elsevier, vol. 185(C).
    20. Berg, Matthew & Hartley, Brian & Richters, Oliver, 2015. "A stock-flow consistent input–output model with applications to energy price shocks, interest rates, and heat emissions," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 17(1).
    21. Cahen-Fourot, Louison & Lavoie, Marc, 2016. "Ecological monetary economics: A post-Keynesian critique," Ecological Economics, Elsevier, vol. 126(C), pages 163-168.
    22. Kronenberg, Tobias, 2010. "Finding common ground between ecological economics and post-Keynesian economics," Ecological Economics, Elsevier, vol. 69(7), pages 1488-1494, May.
    23. Patrick Moriarty & Damon Honnery, 2020. "Feasibility of a 100% Global Renewable Energy System," Energies, MDPI, vol. 13(21), pages 1-16, October.
    24. Louis Delannoy & Pierre-Yves Longaretti & David. J. Murphy & Emmanuel Prados, 2021. "Assessing Global Long-Term EROI of Gas: A Net-Energy Perspective on the Energy Transition," Energies, MDPI, vol. 14(16), pages 1-16, August.
    25. Paul E. Brockway & Anne Owen & Lina I. Brand-Correa & Lukas Hardt, 2019. "Estimation of global final-stage energy-return-on-investment for fossil fuels with comparison to renewable energy sources," Nature Energy, Nature, vol. 4(7), pages 612-621, July.
    26. Dale, M. & Krumdieck, S. & Bodger, P., 2012. "Global energy modelling — A biophysical approach (GEMBA) Part 2: Methodology," Ecological Economics, Elsevier, vol. 73(C), pages 158-167.
    27. Asjad Naqvi, 2015. "Modeling Growth, Distribution, and the Environment in a Stock-Flow Consistent Framework. WWWforEurope Policy Paper No. 18," WIFO Studies, WIFO, number 57883.
    28. Bovari, Emmanuel & Giraud, Gaël & Mc Isaac, Florent, 2018. "Coping With Collapse: A Stock-Flow Consistent Monetary Macrodynamics of Global Warming," Ecological Economics, Elsevier, vol. 147(C), pages 383-398.
    29. Perrier, Quentin & Quirion, Philippe, 2018. "How shifting investment towards low-carbon sectors impacts employment: Three determinants under scrutiny," Energy Economics, Elsevier, vol. 75(C), pages 464-483.
    30. Gourdel, Régis & Monasterolo, Irene & Dunz, Nepomuk & Mazzocchetti, Andrea & Parisi, Laura, 2024. "The double materiality of climate physical and transition risks in the euro area," Journal of Financial Stability, Elsevier, vol. 71(C).
    31. Naqvi, Syed Ali Asjad, 2015. "Modeling Growth, Distribution, and the Environment in a Stock-Flow Consistent Framework," Ecological Economic Papers 2, WU Vienna University of Economics and Business.
    32. Carey W. King, 2021. "Interdependence of Growth, Structure, Size and Resource Consumption During an Economic Growth Cycle," Papers 2106.02512, arXiv.org.
    33. Court, Victor & Fizaine, Florian, 2017. "Long-Term Estimates of the Energy-Return-on-Investment (EROI) of Coal, Oil, and Gas Global Productions," Ecological Economics, Elsevier, vol. 138(C), pages 145-159.
    34. Dupont, Elise & Koppelaar, Rembrandt & Jeanmart, Hervé, 2020. "Global available solar energy under physical and energy return on investment constraints," Applied Energy, Elsevier, vol. 257(C).
    35. Schill, Wolf-Peter, 2020. "Electricity Storage and the Renewable Energy Transition," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 4(10), pages 2059-2064.
    36. Franke, Reiner, 1996. "A Metzlerian model of inventory growth cycles," Structural Change and Economic Dynamics, Elsevier, vol. 7(2), pages 243-262, June.
    37. Fabre, Adrien, 2019. "Evolution of EROIs of electricity until 2050: Estimation and implications on prices," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.
    38. Fizaine, Florian & Court, Victor, 2015. "Renewable electricity producing technologies and metal depletion: A sensitivity analysis using the EROI," Ecological Economics, Elsevier, vol. 110(C), pages 106-118.
    39. Keen, Steve & Ayres, Robert U. & Standish, Russell, 2019. "A Note on the Role of Energy in Production," Ecological Economics, Elsevier, vol. 157(C), pages 40-46.
    40. Konstantin Stadler & Richard Wood & Tatyana Bulavskaya & Carl†Johan Södersten & Moana Simas & Sarah Schmidt & Arkaitz Usubiaga & José Acosta†Fernández & Jeroen Kuenen & Martin Bruckner & Stefan, 2018. "EXIOBASE 3: Developing a Time Series of Detailed Environmentally Extended Multi†Regional Input†Output Tables," Journal of Industrial Ecology, Yale University, vol. 22(3), pages 502-515, June.
    41. World Bank, 2020. "Purchasing Power Parities and the Size of World Economies," World Bank Publications - Books, The World Bank Group, number 33623.
    42. Manfroni, Michele & Velasco-Fernández, Raúl & Pérez-Sánchez, Laura & Bukkens, Sandra G.F. & Giampietro, Mario, 2021. "The profile of time allocation in the metabolic pattern of society: An internal biophysical limit to economic growth," Ecological Economics, Elsevier, vol. 190(C).
    43. Feng, Jingxuan & Feng, Lianyong & Wang, Jianliang & King, Carey W., 2018. "Modeling the point of use EROI and its implications for economic growth in China," Energy, Elsevier, vol. 144(C), pages 232-242.
    44. Peter A. Victor & Tim Jackson, 2020. "A research agenda for ecological macroeconomics," Chapters, in: Robert Costanza & Jon D. Erickson & Joshua Farley & Ida Kubiszewski (ed.), Sustainable Wellbeing Futures, chapter 21, pages 357-372, Edward Elgar Publishing.
    45. Marco Raugei, 2019. "Net energy analysis must not compare apples and oranges," Nature Energy, Nature, vol. 4(2), pages 86-88, February.
    46. Verdoorn, P J, 1980. "Verdoorn's Law in Retrospect: A Comment," Economic Journal, Royal Economic Society, vol. 90(358), pages 382-385, June.
    47. Lawrence D. Meinert & Gilpin R. Robinson & Nedal T. Nassar, 2016. "Mineral Resources: Reserves, Peak Production and the Future," Resources, MDPI, vol. 5(1), pages 1-14, February.
    48. Daniel Rozell, 2017. "Using population projections in climate change analysis," Climatic Change, Springer, vol. 142(3), pages 521-529, June.
    49. Carey W. King & Charles A.S. Hall, 2011. "Relating Financial and Energy Return on Investment," Sustainability, MDPI, vol. 3(10), pages 1-23, October.
    50. Calvo, Guiomar & Valero, Alicia & Valero, Antonio, 2017. "Assessing maximum production peak and resource availability of non-fuel mineral resources: Analyzing the influence of extractable global resources," Resources, Conservation & Recycling, Elsevier, vol. 125(C), pages 208-217.
    51. Emmanuel Bovari & Gäel Giraud & Florent McIsaac, 2020. "Financial impacts of climate change mitigation policies and their macroeconomic implications: a stock-flow consistent approach," Climate Policy, Taylor & Francis Journals, vol. 20(2), pages 179-198, February.
    52. Florian Fizaine & Victor Court, 2015. "Renewable electricity producing technologies and metal depletion: a sensitivity analysis using the EROI," Post-Print halshs-01227860, HAL.
    53. Marc Lavoie, 1992. "Foundations of Post-Keynesian Economic Analysis," Books, Edward Elgar Publishing, number 275.
    54. Emmanuel Bovari & Oskar Lecuyer & Florent Mc Isaac, 2018. "Debt and damages: What are the chances of staying under the 2C warming threshold?," International Economics, CEPII research center, issue 155, pages 92-108.
    55. A. W. Phillips, 1958. "The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957," Economica, London School of Economics and Political Science, vol. 25(100), pages 283-299, November.
    56. Delannoy, Louis & Longaretti, Pierre-Yves & Murphy, David J. & Prados, Emmanuel, 2021. "Peak oil and the low-carbon energy transition: A net-energy perspective," Applied Energy, Elsevier, vol. 304(C).
    57. Court, Victor & Fizaine, Florian, 2017. "Long-Term Estimates of the Energy-Return-on-Investment (EROI) of Coal, Oil, and Gas Global Productions," Ecological Economics, Elsevier, vol. 138(C), pages 145-159.
    58. Emmanuel Bovari & Gäel Giraud & Florent McIsaac, 2020. "Financial impacts of climate change mitigation policies and their macroeconomic implications: a stock-flow consistent approach," Climate Policy, Taylor & Francis Journals, vol. 20(2), pages 179-198, February.
    59. Svartzman, Romain & Dron, Dominique & Espagne, Etienne, 2019. "From ecological macroeconomics to a theory of endogenous money for a finite planet," Ecological Economics, Elsevier, vol. 162(C), pages 108-120.
    60. Simone D’Alessandro & André Cieplinski & Tiziano Distefano & Kristofer Dittmer, 2020. "Feasible alternatives to green growth," Nature Sustainability, Nature, vol. 3(4), pages 329-335, April.
    61. Carnevali, Emilio & Deleidi, Matteo & Pariboni, Riccardo & Veronese Passarella, Marco, 2021. "Cross-border financial flows and global warming in a two-area ecological SFC model," Socio-Economic Planning Sciences, Elsevier, vol. 75(C).
    62. Diesendorf, M. & Wiedmann, T., 2020. "Implications of Trends in Energy Return on Energy Invested (EROI) for Transitioning to Renewable Electricity," Ecological Economics, Elsevier, vol. 176(C).
    63. Sgouris Sgouridis & Michael Carbajales-Dale & Denes Csala & Matteo Chiesa & Ugo Bardi, 2019. "Comparative net energy analysis of renewable electricity and carbon capture and storage," Nature Energy, Nature, vol. 4(6), pages 456-465, June.
    64. Aljoša Slameršak & Giorgos Kallis & Daniel W. O’Neill, 2022. "Energy requirements and carbon emissions for a low-carbon energy transition," Nature Communications, Nature, vol. 13(1), pages 1-15, December.
    65. Joseph E Stiglitz, 2018. "Where modern macroeconomics went wrong," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 34(1-2), pages 70-106.
    66. Lukáš Režný & Vladimír Bureš, 2019. "Energy Transition Scenarios and Their Economic Impacts in the Extended Neoclassical Model of Economic Growth," Sustainability, MDPI, vol. 11(13), pages 1-25, July.
    67. David J. Murphy & Marco Raugei & Michael Carbajales-Dale & Brenda Rubio Estrada, 2022. "Energy Return on Investment of Major Energy Carriers: Review and Harmonization," Sustainability, MDPI, vol. 14(12), pages 1-20, June.
    68. Dupont, Elise & Koppelaar, Rembrandt & Jeanmart, Hervé, 2018. "Global available wind energy with physical and energy return on investment constraints," Applied Energy, Elsevier, vol. 209(C), pages 322-338.
    69. Joan Robinson, 1969. "A Further Note," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 36(2), pages 260-262.
    70. Elise Dupont & Marc Germain & Hervé Jeanmart, 2021. "Feasibility and Economic Impacts of the Energy Transition," Sustainability, MDPI, vol. 13(10), pages 1-34, May.
    71. Gaël Giraud & Florent MCISAAC & Emmanuel BOVARI, 2018. "Coping with the Collapse: A Stock-Flow Consistent Monetary Macrodynamics of Global Warming - Updated version dated July 2017," Working Paper 987f5d77-9601-4865-9ce1-4, Agence française de développement.
    72. Heun, Matthew Kuperus & de Wit, Martin, 2012. "Energy return on (energy) invested (EROI), oil prices, and energy transitions," Energy Policy, Elsevier, vol. 40(C), pages 147-158.
    73. Hardt, Lukas & O'Neill, Daniel W., 2017. "Ecological Macroeconomic Models: Assessing Current Developments," Ecological Economics, Elsevier, vol. 134(C), pages 198-211.
    74. Rye, Craig D. & Jackson, Tim, 2018. "A review of EROEI-dynamics energy-transition models," Energy Policy, Elsevier, vol. 122(C), pages 260-272.
    75. Taylor, John B., 1993. "Discretion versus policy rules in practice," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 195-214, December.
    76. Carlos de Castro & Iñigo Capellán-Pérez, 2020. "Standard, Point of Use, and Extended Energy Return on Energy Invested (EROI) from Comprehensive Material Requirements of Present Global Wind, Solar, and Hydro Power Technologies," Energies, MDPI, vol. 13(12), pages 1-43, June.
    77. Elise Dupont & Marc Germain & Hervé Jeanmart, 2021. "Estimate of the Societal Energy Return on Investment (EROI)," Biophysical Economics and Resource Quality, Springer, vol. 6(1), pages 1-14, March.
    78. Nicholas Kaldor, 1961. "Capital Accumulation and Economic Growth," International Economic Association Series, in: D. C. Hague (ed.), The Theory of Capital, chapter 0, pages 177-222, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gräbner-Radkowitsch, Claudius & Strunk, Birte, 2023. "Degrowth and the Global South: The twin problem of global dependencies," Ecological Economics, Elsevier, vol. 213(C).
    2. Hasret Sahin & A. A. Solomon & Arman Aghahosseini & Christian Breyer, 2024. "Systemwide energy return on investment in a sustainable transition towards net zero power systems," Nature Communications, Nature, vol. 15(1), pages 1-15, December.
    3. Xing, Xiaoyun & Guo, Kun & Zhang, Dayong & Ji, Qiang, 2024. "On the interactive effects of climate policies: Insights from a stock-flow consistent model," Applied Energy, Elsevier, vol. 358(C).
    4. Gaël Giraud & Paul Valcke, 2023. "Macrodynamics and climate: reformulation," Oxford Open Economics, Oxford University Press, vol. 2, pages 518-523.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Emmanuel Aramendia & Paul E. Brockway & Peter G. Taylor & Jonathan B. Norman & Matthew K. Heun & Zeke Marshall, 2024. "Estimation of useful-stage energy returns on investment for fossil fuels and implications for renewable energy systems," Nature Energy, Nature, vol. 9(7), pages 803-816, July.
    2. Delannoy, Louis & Longaretti, Pierre-Yves & Murphy, David J. & Prados, Emmanuel, 2021. "Peak oil and the low-carbon energy transition: A net-energy perspective," Applied Energy, Elsevier, vol. 304(C).
    3. Jackson, Andrew & Jackson, Tim, 2021. "Modelling energy transition risk: The impact of declining energy return on investment (EROI)," Ecological Economics, Elsevier, vol. 185(C).
    4. Naqvi, Asjad & Stockhammer, Engelbert, 2018. "Directed Technological Change in a Post-Keynesian Ecological Macromodel," Ecological Economics, Elsevier, vol. 154(C), pages 168-188.
    5. Louis Delannoy & Pierre-Yves Longaretti & David. J. Murphy & Emmanuel Prados, 2021. "Assessing Global Long-Term EROI of Gas: A Net-Energy Perspective on the Energy Transition," Energies, MDPI, vol. 14(16), pages 1-16, August.
    6. Aramendia, Emmanuel & Brockway, Paul E. & Taylor, Peter G. & Norman, Jonathan B., 2024. "Exploring the effects of mineral depletion on renewable energy technologies net energy returns," Energy, Elsevier, vol. 290(C).
    7. Solomon, A.A. & Sahin, Hasret & Breyer, Christian, 2024. "The pitfall in designing future electrical power systems without considering energy return on investment in planning," Applied Energy, Elsevier, vol. 369(C).
    8. Hasret Sahin & A. A. Solomon & Arman Aghahosseini & Christian Breyer, 2024. "Systemwide energy return on investment in a sustainable transition towards net zero power systems," Nature Communications, Nature, vol. 15(1), pages 1-15, December.
    9. Gourdel, Régis & Monasterolo, Irene & Dunz, Nepomuk & Mazzocchetti, Andrea & Parisi, Laura, 2024. "The double materiality of climate physical and transition risks in the euro area," Journal of Financial Stability, Elsevier, vol. 71(C).
    10. Lamorlette, A., 2023. "A coupled model of global energy production and ERoEI applied to photovoltaic and wind, an estimation of net production," Energy, Elsevier, vol. 278(PB).
    11. Roberto Veneziani & Luca Zamparelli & Michalis Nikiforos & Gennaro Zezza, 2017. "Stock-Flow Consistent Macroeconomic Models: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1204-1239, December.
    12. Canelli, Rosa & Fontana, Giuseppe & Realfonzo, Riccardo & Passarella, Marco Veronese, 2024. "Energy crisis, economic growth and public finance in Italy," Energy Economics, Elsevier, vol. 132(C).
    13. Antoine Monserand, 2019. "Degrowth in a neo-Kaleckian model of growth and distribution? A theoretical compatibility and stability analysis," Working Papers hal-02012632, HAL.
    14. Antoine Monserand, 2019. "Degrowth in a neo-Kaleckian model of growth and distribution? A theoretical compatibility and stability analysis," CEPN Working Papers 2019-01, Centre d'Economie de l'Université de Paris Nord.
    15. Antoine Monserand, 2019. "Degrowth in a neo-Kaleckian model of growth and distribution? A theoretical compatibility and stability analysis," CEPN Working Papers hal-02012632, HAL.
    16. Aljoša Slameršak & Giorgos Kallis & Daniel W. O’Neill, 2022. "Energy requirements and carbon emissions for a low-carbon energy transition," Nature Communications, Nature, vol. 13(1), pages 1-15, December.
    17. Hafner, Sarah & Anger-Kraavi, Annela & Monasterolo, Irene & Jones, Aled, 2020. "Emergence of New Economics Energy Transition Models: A Review," Ecological Economics, Elsevier, vol. 177(C).
    18. Svartzman, Romain & Dron, Dominique & Espagne, Etienne, 2019. "From ecological macroeconomics to a theory of endogenous money for a finite planet," Ecological Economics, Elsevier, vol. 162(C), pages 108-120.
    19. Marco Vittorio Ecclesia & João Santos & Paul E. Brockway & Tiago Domingos, 2022. "A Comprehensive Societal Energy Return on Investment Study of Portugal Reveals a Low but Stable Value," Energies, MDPI, vol. 15(10), pages 1-22, May.
    20. Lamperti, F. & Dosi, G. & Napoletano, M. & Roventini, A. & Sapio, A., 2018. "Faraway, So Close: Coupled Climate and Economic Dynamics in an Agent-based Integrated Assessment Model," Ecological Economics, Elsevier, vol. 150(C), pages 315-339.

    More about this item

    Keywords

    Ecological macroeconomics; Stock-flow consistent modelling; Energy transition; Energy return on investment;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-04087628. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.