Katalog GES



Too much oil

1st Person: Gerlagh, Reyer
Type of Publication: Paper
Language: English
Published: Fondazione Eni Enrico Mattei (FEEM) 2010
Series: Nota di Lavoro
Keywords: Klimaveränderung
Förderung regenerativer Energien
Kohlendioxid
Fossiler Energieträger
Energiesubstitution
Energiesteuer
Wirkungsanalyse
Greenhouse gas emissions
Energy substitution
Energy tax
Impact assessment
Online: https://www.econstor.eu/bitstream/10419/43557/1/640265332.pdf
id
oai_econstor.eu_10419-43557
recordtype
econstor
institution
MPG
collection
ECONSTOR
title
Too much oil
spellingShingle
Too much oil
Klimaveränderung
Förderung regenerativer Energien
Kohlendioxid
Fossiler Energieträger
Energiesubstitution
Energiesteuer
Wirkungsanalyse
Greenhouse gas emissions
Energy substitution
Energy tax
Impact assessment
Gerlagh, Reyer
Nota di Lavoro
title_short
Too much oil
title_full
Too much oil
title_fullStr
Too much oil
title_full_unstemmed
Too much oil
title_sort
Too much oil
format
electronic Article
format_phy_str_mv
Paper
publisher
Fondazione Eni Enrico Mattei (FEEM)
publishDate
2010
language
English
topic
Klimaveränderung
Förderung regenerativer Energien
Kohlendioxid
Fossiler Energieträger
Energiesubstitution
Energiesteuer
Wirkungsanalyse
Greenhouse gas emissions
Energy substitution
Energy tax
Impact assessment
topic_facet
Greenhouse gas emissions
Energy substitution
Energy tax
Impact assessment
author
Gerlagh, Reyer
description
Fear for oil exhaustion and its consequences on economic growth has been a driver of a rich literature on exhaustible resources from the 1970s onwards. But our view on oil has remarkably changed and we now worry how we should constrain climate change damages associated with oil and other fossil fuel use. In this climate change debate, economists have pointed to a green paradox: when policy makers stimulate the development of non-carbon energy sources to (partly)replace fossil fuels in the future, oil markets may anticipate a future reduction in demand and increase current supply. The availability of 'green' technologies may increase damages. The insight comes from the basic exhaustible resource model. We reproduce the green paradox and to facilitate discussion differentiate between a weak and a strong version, related to short-term and long-term effects, respectively. Then we analyze the green paradox in 2 standard modifications of the exhaustible resource model. We find that increasing fossil fuel extraction costs counteracts the strong green paradox, while with imperfect energy substitutes both the weak and strong green paradox may vanish.
url
https://www.econstor.eu/bitstream/10419/43557/1/640265332.pdf
series
Nota di Lavoro
seriesStr
Nota di Lavoro
Nota di Lavoro
series2
Nota di Lavoro
series2_facet
Nota di Lavoro
up_date
2019-04-25T02:50:14.808Z
_version_
1631752678161776640

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