This paper applies an economic model of climate change that is based on endogenous substitution of energy resources to determine the effect of advances in renewable technology on aggregate and sectoral fossil fuel use and energy prices. It uses a Nordhaus type partial equilibrium model of the...

To avoid irreversible damage to global ecosystems, new “green” technologies are needed. Some of those are still far from commercial maturity. In such cases, governments may create temporary rents to make investments “artificially” attractive. The creation of such rents, however, involves...

China’s economic rise has transformed the global economy in a number of manufacturing industries. This paper investigates whether China’s transformative influence extends to the new green economy. Drawing on the debate about how China is driving major economic changes in the world – the...

During the last decade, hydropower has made a remarkable return to the global agenda, after having been absent due to heavy criticism because of its social and environmental impacts. The proponents of hydropower development claim that hydropower is 'clean' and 'green' and can thus support...

The United Nations (UN) climate summit (COP 21) in Paris is the most important opportunity for years to come to organise effective collective action at the international level to stabilise global warming at 1.5 degrees Celsius (°C), or at least limit it to a maximum of 2°C; facilitate the...

By 2022, two billion people will be living in informal settlements according to the United Nations. Although per capita energy consumption in informal settlements is comparatively low, the benefits of energy efficiency uptake – enhanced energy system sustainability, economic development,...