Acemoglu, Daron; Aghion, Philippe; Barrage, Lint; … - National Bureau of Economic Research - 2023
We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with … clean energy, which delays and can even permanently prevent the energy transition to zero carbon. We formalize and … quantitatively evaluate these forces using a benchmark model of directed technical change for the energy sector. Quantitatively, the …