G+ENERGY RESOURCES · Economic growth and the use of non-renewable energy resources
FP6 — Marie Curie Actions (Human Resources and Mobility)
- Duration
- 2007-05-07 → 2009-05-06
- EU contribution
- €142,299
- Participants
- 1
- Scheme
- EIF
Lines connect the coordinator with its partners.
Results in brief
Final Activity and Management Report Summary - G+ENERGY RESOURCES (Economic growth and the use of non-renewable energy resources)
The main objective of the project was to study the relationship between the usage of non-renewable energy resources (as fossil fuels, coal and natural gas) and the economic growth. More precisely, we studied the role of technical progress as a key ingredient to avoid the trade-off between economic growth and exhaustible resources. In particular, we focused our analysis on studying both the possibilities of energy-saving technologies to sustain long run growth, and the dynamical transition properties of the problem. Besides that, we studied the implications of the usage of non-renewable resources in life expectancy. This is a major topic in environmental economics, which is closely related with economic growth and development. In particular, we studied the intergenerational component liked with the usage of natural resources.
Data: CORDIS, © European Union
Project objective
A central problem involving usage of natural resource is the management of non-renewable resources to generate energy such as fossil fuels. Authors like Dasgupta and Heal (1974), Hartwick (1989), and Smulders and Nooij (2003) point out that the use of non-renewable energy resources undoubtedly implies a limit to economic growth and development of modern economies.However, the same authors and others, namely Newell et al. (2000), Loschel (2002), and Carraro (2003) believe in technical progress as a way to solve the problem. Considering this as an option, one possible solution to the previous problem is the development of technologies that use renewable energy resources. Yet, these kinds of technologies cannot compete with the fossil fuel technology to produce energy, because of their slow development.However, Boucekkine and Pommeret (2002) point out that the use of energy-saving technologies is an alternative and/or complement to the solution of renewable energy resources. The idea is of energy-efficiency: n on-renewable resources produce energy, but unnecessary energy losses are minimised in both the energy production process and the energy usage.The primary goal of my project is to contribute to the analysis of the relationship between economic growth and t he use of non-renewable energy resources such as fossil fuel. More precisely, I will study the conditions under which energy-saving technologies can sustain long run growth, although energy is mainly produced by non-renewable natural resources.A general equilibrium framework will be considered, giving special attention to the dynamical properties of the economy. My main target is to emphasize the role of energy-saving technical progress as a convincing solution to the trade-off between economic growth and the use of non-renewable energy resources.
Original text from CORDIS.
Participants
- CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE · PARISCoordinatorFrance
Links
Data: CORDIS, © European Union