Haug, Marianne - In: Oxford Review of Economic Policy 27 (2011) 1, pp. 92-116
Oil has been the world's dominant fuel for more than 50 years. Substitution of oil for power generation and heating has progressed since the 1970s, but substitution of oil in transport remains elusive. This paper examines the progress of clean energy and compares the unfolding co-evolution of...