This doctoral thesis, organized in three self-contained chapters, provides an analysis of the economic effects associated with the extraction of natural resources and the transition from an economy based on fossil fuel use to an economy relying primarily on renewable energy sources. Chapter 1...

Chapter 1. Sustainable Energy and Environmental Sustainability in an Economics and Policy Prospective -- Section I: Economics and Policy of Sustainable Energy -- Chapter 2. Renewable Energy Policy Responses to Observed Impact of Climate Change: Evidence from DPSIR Framework -- Chapter 3. Energy...

A small open economy produces a consumer good along with green and black energy and imports fossil fuel for black-energy production at an uncertain world market price. Efficient risk management requires curbing fuel consumption, and hence carbon emissions, when consumers are prudent. Moreover,...