We build a two-sector dynamic general equilibrium model with one-sided substitutability between fossil carbon and biocarbon. One shock only, the discovery of the technology to use fossil fuels, leads to a transition from an initial pre-industrial phase to three following phases: a pure fossil...

The energy transition requires substantial amounts of metals such as copper, nickel, cobalt and lithium. Are these metals a key bottleneck? We identify metal-specific demand shocks, estimate supply elasticities and pin down the price impact of the energy transition in a structural scenario...

Chapter 1. The Root Causes of Our Environmental Crises We Ignore -- Chapter 2. Risks From Transition to Low Carbon Energies and Global Warming for FSU Countries -- Chapter 3. The General Situation with Climate Change in the World and Risk Assessment for the Global Economy -- Chapter 4. Why the...