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Energy Transition Scenarios for Fossil Fuel Rich Developing Countries under Constraints on Oil Availability: The Case of Ecuador

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  • Vicente Sebastian Espinoza

    (Instituto de Investigacion Geologico y Energetico (IIGE), Quito 170518, Ecuador
    Research Group on Energy, Economy and System Dynamics, Escuela de Ingenierías Industriales, Paseo del Cauce s/n, University of Valladolid, 47011 Valladolid, Spain)

  • Javier Fontalvo

    (Instituto de Investigacion Geologico y Energetico (IIGE), Quito 170518, Ecuador)

  • Paola Ramírez

    (Instituto de Investigacion Geologico y Energetico (IIGE), Quito 170518, Ecuador)

  • Jaime Martí-Herrero

    (Biomass to Resources Group, Universidad Regional Amazonica Ikiam, Via Tena-Muyuna, Km.7, Tena 150102, Ecuador
    Building Energy and Environment Group, Centre Internacional de Mètodes Numérics en Enginyeria (CIMNE), 08034 Terrassa, Barcelona, Spain)

  • Margarita Mediavilla

    (Research Group on Energy, Economy and System Dynamics, Escuela de Ingenierías Industriales, Paseo del Cauce s/n, University of Valladolid, 47011 Valladolid, Spain)

Abstract

The aim of this paper is to analyze energy pathways for a fossil fuel rich developing country towards an energy transition considering national and international oil availability using Ecuador as a reference. An integrated assessment model has been developed to simulate energy transition scenarios considering constraints on oil availability at the national and global level. Results show that if current trends in energy demand and supply persist, energy scarcity would start around 2040 due to depletion of national oil reserves and restricted access to foreign oil. This would trigger a degrowth in economic activity in sectors with high dependency on petroleum products. Scenarios with conservative efforts might partially revert the increasing use of fossil fuels supported by policies for energy efficiency and substitution of liquid fuels with electricity mainly from renewables. However, energy shortages would still be foreseeable as well as a decay of the economy. Under a maximum efforts scenario with an optimistic availability of national oil, a moderate-sustained economic growth could be feasible. This shows that oil would still play a key role during the transition. Furthermore, ambitious policies must be implemented in the short term to smooth the effects of displacing oil as energy and income source.

Suggested Citation

  • Vicente Sebastian Espinoza & Javier Fontalvo & Paola Ramírez & Jaime Martí-Herrero & Margarita Mediavilla, 2022. "Energy Transition Scenarios for Fossil Fuel Rich Developing Countries under Constraints on Oil Availability: The Case of Ecuador," Energies, MDPI, vol. 15(19), pages 1-25, September.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:19:p:6938-:d:922257
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    References listed on IDEAS

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