Innovation and the dynamics of global warming

Global warming and the carbon cycle are a dynamic system with positive feedbacks. Fossil fuels are exhaustible resources. These two facts mean that innovation in clean energy technology, rather than mitigating global warming, can lead to a permanently higher temperature path. This paper explores the impact of innovation in the simplest model linking the economic theory of exhaustible resources with positive feedback dynamics in the carbon cycle.

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Year of publication:	2014
Authors:	Winter, Ralph A.
Published in:	Journal of Environmental Economics and Management. - Elsevier, ISSN 0095-0696. - Vol. 68.2014, 1, p. 124-140
Publisher:	Elsevier
Subject:	Climate change \| Global warming \| Clean energy \| Innovation \| Exhaustible resources

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Type of publication:	Article
Classification:	Q54 - Climate; Natural Disasters ; Q55 - Technological Innovation ; Q58 - Government Policy ; Q42 - Alternative Energy Sources
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011193798