IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v43y2012i1p192-200.html
   My bibliography  Save this article

The economic crisis and sustainable development: The design of job creation strategies by use of concrete institutional economics

Author

Listed:
  • Lund, Henrik
  • Hvelplund, Frede

Abstract

This paper presents Concrete Institutional Economics as an economic paradigm to understand how the wish for sustainable energy in times of economic crisis can be used to generate jobs as well as economic growth. In most countries, including European countries, the USA and China, the implementation of sustainable energy solutions involves the replacement of imported fossil fuels by substantial investments in energy conservation and renewable energy (RE). In such situation, it becomes increasingly essential to develop economic thinking and economic models that can analyse the concrete institutions in which the market is embedded. This paper presents such tools and methodologies and applies them to the case of the Danish heating sector. The case shows how investments in decreasing fossil fuels and CO2 emissions can be made in a way in which they have a positive influence on job creation and economic development as well as public expenditures.

Suggested Citation

  • Lund, Henrik & Hvelplund, Frede, 2012. "The economic crisis and sustainable development: The design of job creation strategies by use of concrete institutional economics," Energy, Elsevier, vol. 43(1), pages 192-200.
    • Handle: RePEc:eee:energy:v:43:y:2012:i:1:p:192-200
    DOI: 10.1016/j.energy.2012.02.075
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544212001892
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2012.02.075?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Lund, Henrik & Hvelplund, Frede & Kass, Ilmars & Dukalskis, Edgars & Blumberga, Dagnija, 1999. "District heating and market economy in Latvia," Energy, Elsevier, vol. 24(7), pages 549-559.
    2. Oliveira, Carla & Antunes, Carlos Henggeler, 2011. "A multi-objective multi-sectoral economy–energy–environment model: Application to Portugal," Energy, Elsevier, vol. 36(5), pages 2856-2866.
    3. Browne, David & O'Regan, Bernadette & Moles, Richard, 2010. "Use of multi-criteria decision analysis to explore alternative domestic energy and electricity policy scenarios in an Irish city-region," Energy, Elsevier, vol. 35(2), pages 518-528.
    4. Yuan, Chaoqing & Liu, Sifeng & Xie, Naiming, 2010. "The impact on chinese economic growth and energy consumption of the Global Financial Crisis: An input–output analysis," Energy, Elsevier, vol. 35(4), pages 1805-1812.
    5. Connolly, D. & Lund, H. & Mathiesen, B.V. & Leahy, M., 2010. "A review of computer tools for analysing the integration of renewable energy into various energy systems," Applied Energy, Elsevier, vol. 87(4), pages 1059-1082, April.
    6. Dalton, G.J. & Lewis, T., 2011. "Metrics for measuring job creation by renewable energy technologies, using Ireland as a case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(4), pages 2123-2133, May.
    7. da Graça Carvalho, Maria & Bonifacio, Matteo & Dechamps, Pierre, 2011. "Building a low carbon society," Energy, Elsevier, vol. 36(4), pages 1842-1847.
    8. Mathiesen, Brian Vad & Lund, Henrik & Karlsson, Kenneth, 2011. "100% Renewable energy systems, climate mitigation and economic growth," Applied Energy, Elsevier, vol. 88(2), pages 488-501, February.
    9. Lund, H. & Möller, B. & Mathiesen, B.V. & Dyrelund, A., 2010. "The role of district heating in future renewable energy systems," Energy, Elsevier, vol. 35(3), pages 1381-1390.
    10. Kuik, Onno & Brander, Luke & Tol, Richard S.J., 2009. "Marginal abatement costs of greenhouse gas emissions: A meta-analysis," Energy Policy, Elsevier, vol. 37(4), pages 1395-1403, April.
    11. Sovacool, Benjamin K. & Mukherjee, Ishani & Drupady, Ira Martina & D’Agostino, Anthony L., 2011. "Evaluating energy security performance from 1990 to 2010 for eighteen countries," Energy, Elsevier, vol. 36(10), pages 5846-5853.
    12. Connolly, D. & Lund, H. & Mathiesen, B.V. & Leahy, M., 2011. "The first step towards a 100% renewable energy-system for Ireland," Applied Energy, Elsevier, vol. 88(2), pages 502-507, February.
    13. Barrett, Mark & Lowe, Robert & Oreszczyn, Tadj & Steadman, Philip, 2008. "How to support growth with less energy," Energy Policy, Elsevier, vol. 36(12), pages 4592-4599, December.
    14. Möller, Bernd & Lund, Henrik, 2010. "Conversion of individual natural gas to district heating: Geographical studies of supply costs and consequences for the Danish energy system," Applied Energy, Elsevier, vol. 87(6), pages 1846-1857, June.
    15. Lund, H. & Mathiesen, B.V., 2009. "Energy system analysis of 100% renewable energy systems—The case of Denmark in years 2030 and 2050," Energy, Elsevier, vol. 34(5), pages 524-531.
    16. Madlener, R. & Alcott, B., 2009. "Energy rebound and economic growth: A review of the main issues and research needs," Energy, Elsevier, vol. 34(3), pages 370-376.
    17. Chai, Qimin & Zhang, Xiliang, 2010. "Technologies and policies for the transition to a sustainable energy system in china," Energy, Elsevier, vol. 35(10), pages 3995-4002.
    18. Lund, H. & Hvelplund, F. & Nunthavorakarn, S., 2003. "Feasibility of a 1400 MW coal-fired power-plant in Thailand," Applied Energy, Elsevier, vol. 76(1-3), pages 55-64, September.
    19. Hvelplund, Frede & Lund, Henrik, 1998. "Rebuilding without restructuring the energy system in east Germany," Energy Policy, Elsevier, vol. 26(7), pages 535-546, June.
    20. Cai, Wenjia & Wang, Can & Chen, Jining & Wang, Siqiang, 2011. "Green economy and green jobs: Myth or reality? The case of China’s power generation sector," Energy, Elsevier, vol. 36(10), pages 5994-6003.
    21. Crane, Keith & Curtright, Aimee E. & Ortiz, David S. & Samaras, Constantine & Burger, Nicholas, 2011. "The economic costs of reducing greenhouse gas emissions under a U.S. national renewable electricity mandate," Energy Policy, Elsevier, vol. 39(5), pages 2730-2739, May.
    22. Lindenberger, Dietmar & Kümmel, Reiner, 2011. "Energy and the state of nations," Energy, Elsevier, vol. 36(10), pages 6010-6018.
    23. Xu, Tang & Baosheng, Zhang & Lianyong, Feng & Masri, Marwan & Honarvar, Afshin, 2011. "Economic impacts and challenges of China’s petroleum industry: An input–output analysis," Energy, Elsevier, vol. 36(5), pages 2905-2911.
    24. Lund, Henrik & Hvelplund, Frede & Ingermann, Karl & Kask, Ulo, 2000. "Estonian energy system Proposals for the implementation of a cogeneration strategy," Energy Policy, Elsevier, vol. 28(10), pages 729-736, August.
    25. Lund, Henrik, 2010. "The implementation of renewable energy systems. Lessons learned from the Danish case," Energy, Elsevier, vol. 35(10), pages 4003-4009.
    26. Lindenberger, Dietmar & Kuemmel, Rainer, 2011. "Energy and the State of Nations," EWI Working Papers 2011-11, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
    27. Liu, Wen & Lund, Henrik & Mathiesen, Brian Vad & Zhang, Xiliang, 2011. "Potential of renewable energy systems in China," Applied Energy, Elsevier, vol. 88(2), pages 518-525, February.
    28. Shen, Yung-Chi & Chou, Chiyang James & Lin, Grace T.R., 2011. "The portfolio of renewable energy sources for achieving the three E policy goals," Energy, Elsevier, vol. 36(5), pages 2589-2598.
    29. Lior, Noam, 2010. "Sustainable energy development: The present (2009) situation and possible paths to the future," Energy, Elsevier, vol. 35(10), pages 3976-3994.
    30. Wei, Max & Patadia, Shana & Kammen, Daniel M., 2010. "Putting renewables and energy efficiency to work: How many jobs can the clean energy industry generate in the US?," Energy Policy, Elsevier, vol. 38(2), pages 919-931, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Franki, Vladimir & Višković, Alfredo, 2015. "Energy security, policy and technology in South East Europe: Presenting and applying an energy security index to Croatia," Energy, Elsevier, vol. 90(P1), pages 494-507.
    2. Višković, Alfredo & Franki, Vladimir & Valentić, Vladimir, 2014. "CCS (carbon capture and storage) investment possibility in South East Europe: A case study for Croatia," Energy, Elsevier, vol. 70(C), pages 325-337.
    3. Lund, Henrik & Mathiesen, Brian Vad, 2012. "The role of Carbon Capture and Storage in a future sustainable energy system," Energy, Elsevier, vol. 44(1), pages 469-476.
    4. Liu, Wen & Hu, Weihao & Lund, Henrik & Chen, Zhe, 2013. "Electric vehicles and large-scale integration of wind power – The case of Inner Mongolia in China," Applied Energy, Elsevier, vol. 104(C), pages 445-456.
    5. Xiong, Weiming & Wang, Yu & Mathiesen, Brian Vad & Lund, Henrik & Zhang, Xiliang, 2015. "Heat roadmap China: New heat strategy to reduce energy consumption towards 2030," Energy, Elsevier, vol. 81(C), pages 274-285.
    6. Liu, Wen & Lund, Henrik & Mathiesen, Brian Vad, 2011. "Large-scale integration of wind power into the existing Chinese energy system," Energy, Elsevier, vol. 36(8), pages 4753-4760.
    7. Md. Nasimul Islam Maruf, 2019. "Sector Coupling in the North Sea Region—A Review on the Energy System Modelling Perspective," Energies, MDPI, vol. 12(22), pages 1-35, November.
    8. Cho, Seolhee & Kim, Jiyong, 2015. "Feasibility and impact analysis of a renewable energy source (RES)-based energy system in Korea," Energy, Elsevier, vol. 85(C), pages 317-328.
    9. Østergaard, P.A. & Lund, H. & Thellufsen, J.Z. & Sorknæs, P. & Mathiesen, B.V., 2022. "Review and validation of EnergyPLAN," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    10. Dominković, D.F. & Weinand, J.M. & Scheller, F. & D'Andrea, M. & McKenna, R., 2022. "Reviewing two decades of energy system analysis with bibliometrics," Renewable and Sustainable Energy Reviews, Elsevier, vol. 153(C).
    11. Hansen, Kenneth & Breyer, Christian & Lund, Henrik, 2019. "Status and perspectives on 100% renewable energy systems," Energy, Elsevier, vol. 175(C), pages 471-480.
    12. Catalão, J.P.S. & Pousinho, H.M.I. & Contreras, J., 2012. "Optimal hydro scheduling and offering strategies considering price uncertainty and risk management," Energy, Elsevier, vol. 37(1), pages 237-244.
    13. Mai, Trieu & Mulcahy, David & Hand, M. Maureen & Baldwin, Samuel F., 2014. "Envisioning a renewable electricity future for the United States," Energy, Elsevier, vol. 65(C), pages 374-386.
    14. Hong, Lixuan & Zhou, Nan & Fridley, David & Raczkowski, Chris, 2013. "Assessment of China's renewable energy contribution during the 12th Five Year Plan," Energy Policy, Elsevier, vol. 62(C), pages 1533-1543.
    15. Sperling, Karl & Möller, Bernd, 2012. "End-use energy savings and district heating expansion in a local renewable energy system – A short-term perspective," Applied Energy, Elsevier, vol. 92(C), pages 831-842.
    16. Henrik Lund & Finn Arler & Poul Alberg Østergaard & Frede Hvelplund & David Connolly & Brian Vad Mathiesen & Peter Karnøe, 2017. "Simulation versus Optimisation: Theoretical Positions in Energy System Modelling," Energies, MDPI, vol. 10(7), pages 1-17, June.
    17. Luigi Aldieri & Jonas Grafström & Kristoffer Sundström & Concetto Paolo Vinci, 2019. "Wind Power and Job Creation," Sustainability, MDPI, vol. 12(1), pages 1-23, December.
    18. Vinagre Díaz, Juan José & Wilby, Mark Richard & Rodríguez González, Ana Belén, 2015. "The wasted energy: A metric to set up appropriate targets in our path towards fully renewable energy systems," Energy, Elsevier, vol. 90(P1), pages 900-909.
    19. Fernandes, Liliana & Ferreira, Paula, 2014. "Renewable energy scenarios in the Portuguese electricity system," Energy, Elsevier, vol. 69(C), pages 51-57.
    20. Mathiesen, B.V. & Lund, H. & Connolly, D. & Wenzel, H. & Østergaard, P.A. & Möller, B. & Nielsen, S. & Ridjan, I. & Karnøe, P. & Sperling, K. & Hvelplund, F.K., 2015. "Smart Energy Systems for coherent 100% renewable energy and transport solutions," Applied Energy, Elsevier, vol. 145(C), pages 139-154.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:43:y:2012:i:1:p:192-200. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.