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Innovation and the dynamics of global warming

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  • Winter, Ralph A.

Abstract

Global warming and the carbon cycle are a dynamic system with positive feedbacks. Fossil fuels are exhaustible resources. These two facts mean that innovation in clean energy technology, rather than mitigating global warming, can lead to a permanently higher temperature path. This paper explores the impact of innovation in the simplest model linking the economic theory of exhaustible resources with positive feedback dynamics in the carbon cycle.

Suggested Citation

  • Winter, Ralph A., 2014. "Innovation and the dynamics of global warming," Journal of Environmental Economics and Management, Elsevier, vol. 68(1), pages 124-140.
    • Handle: RePEc:eee:jeeman:v:68:y:2014:i:1:p:124-140
    DOI: 10.1016/j.jeem.2014.01.005
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    3. L. Lambertini, 2014. "On the Interplay between Resource Extraction and Polluting Emissions in Oligopoly," Working Papers wp976, Dipartimento Scienze Economiche, Universita' di Bologna.
    4. Arnob Das & Susmita Datta Peu, 2022. "A Comprehensive Review on Recent Advancements in Thermochemical Processes for Clean Hydrogen Production to Decarbonize the Energy Sector," Sustainability, MDPI, vol. 14(18), pages 1-42, September.
    5. Gustav Engström & Johan Gars, 2016. "Climatic Tipping Points and Optimal Fossil-Fuel Use," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(3), pages 541-571, November.
    6. Pauli Lappi & Markku Ollikainen, 2019. "Optimal Environmental Policy for a Mine Under Polluting Waste Rocks and Stock Pollution," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(1), pages 133-158, May.
    7. Arne Steinkraus, 2016. "Subsidizing Human Capital to Overcome the Green Paradox¡ªA Demand-Side Approach," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 6(4), pages 1-8, December.
    8. Steinkraus, Arne, 2016. "Subsidizing human capital to overcome the green paradox: A demand-side approach," Economics Department Working Paper Series 17, Technische Universität Braunschweig, Economics Department.
    9. Katrakilidis Constantinos & Zafeiriou Eleni & Sariannidis Nikolaos & Dimitris Bantis, 2019. "Greenhouse gas emissions–crude oil prices: an empirical investigation in a nonlinear framework," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 21(6), pages 2835-2856, December.
    10. Brian R. Copeland & M. Scott Taylor, 2017. "Environmental and resource economics: A Canadian retrospective," Canadian Journal of Economics, Canadian Economics Association, vol. 50(5), pages 1381-1413, December.
    11. Jumeniyaz Seydehmet & Guang Hui Lv & Ilyas Nurmemet & Tayierjiang Aishan & Abdulla Abliz & Mamat Sawut & Abdugheni Abliz & Mamattursun Eziz, 2018. "Model Prediction of Secondary Soil Salinization in the Keriya Oasis, Northwest China," Sustainability, MDPI, vol. 10(3), pages 1-22, February.
    12. Mwangi, John Kennedy & Lee, Wen-Jhy & Chang, Yu-Cheng & Chen, Chia-Yang & Wang, Lin-Chi, 2015. "An overview: Energy saving and pollution reduction by using green fuel blends in diesel engines," Applied Energy, Elsevier, vol. 159(C), pages 214-236.
    13. Six, M. & Wirl, F., 2015. "Optimal pollution management when discount rates are endogenous," Resource and Energy Economics, Elsevier, vol. 42(C), pages 53-70.
    14. Matos, Stelvia & Viardot, Eric & Sovacool, Benjamin K. & Geels, Frank W. & Xiong, Yu, 2022. "Innovation and climate change: A review and introduction to the special issue," Technovation, Elsevier, vol. 117(C).
    15. Yi-di Hua & Ke-man Hu & Lu-yi Qiu & Hong-an Dong & Lei Ding & Sio-Long Lo, 2022. "Exploring the interaction relationship between Beautiful China-SciTech innovation using coupling coordination and predictive analysis: a case study of Zhejiang," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(10), pages 12097-12130, October.
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    17. Brian R. Copeland & M. Scott Taylor, 2017. "Environmental and resource economics: A Canadian retrospective," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 50(5), pages 1381-1413, December.

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    More about this item

    Keywords

    Climate change; Global warming; Clean energy; Innovation; Exhaustible resources;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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