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Sustainability, Globalization, and the Energy Sector Europe in a Global Perspective

Author

Listed:
  • H.-D. Waisman

    (CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

  • C. Cassen

    (CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

  • M. Hamdi-Cherif

    (CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

  • Jean Charles Hourcade

    (CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper analyzes the socio-economic effects of energy sustainability challenges raised by oil depletion and climate change at the European and global level. We assess macroeconomic impacts at different time horizons over 2010-2100 and under different visions of the future of globalization . Fragmented capital markets affect the pace and direction of change and induce additional economic losses in the long term. Regionalized good markets have a positive effect in the long term since less intense international trade moderates the effects of fossil fuel constraints. A sustainable energy future will require implementing policies and measures that are able to (i) provide correct incentives for long-term investments by resorting to other signals than current market prices, (ii) incorporate sectoral measures that act complementarily to pricing schemes measures for sectors confronted with biased agents' behaviors or strong inertias, (iii) foster globalization patterns that are consistent with energy sustainability objectives. The challenge consists in articulating the objectives and the instruments of these different policy and measures triggering the transition towards sustainable future.

Suggested Citation

  • H.-D. Waisman & C. Cassen & M. Hamdi-Cherif & Jean Charles Hourcade, 2014. "Sustainability, Globalization, and the Energy Sector Europe in a Global Perspective," Post-Print hal-01098611, HAL.
    • Handle: RePEc:hal:journl:hal-01098611
    DOI: 10.1177/1070496513516466
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    Citations

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    Cited by:

    1. Wan Ahmad, Wan Nurul K. & Rezaei, Jafar & de Brito, Marisa P. & Tavasszy, Lóránt A., 2016. "The influence of external factors on supply chain sustainability goals of the oil and gas industry," Resources Policy, Elsevier, vol. 49(C), pages 302-314.
    2. Florian Leblanc & C. Cassen & Thierry Brunelle & Patrice Dumas & Aurélie Méjean, 2014. "Globis final report on Integrated Scenarios D30," CIRED Working Papers hal-01300545, HAL.
    3. Guivarch, Céline & Monjon, Stéphanie, 2017. "Identifying the main uncertainty drivers of energy security in a low-carbon world: The case of Europe," Energy Economics, Elsevier, vol. 64(C), pages 530-541.
    4. Acheampong, Alex O. & Opoku, Eric Evans Osei & Dogah, Kingsley E., 2023. "The political economy of energy transition: The role of globalization and governance in the adoption of clean cooking fuels and technologies," Technological Forecasting and Social Change, Elsevier, vol. 186(PB).
    5. Vonsée, Bram & Crijns-Graus, Wina & Liu, Wen, 2019. "Energy technology dependence - A value chain analysis of geothermal power in the EU," Energy, Elsevier, vol. 178(C), pages 419-435.
    6. Ianchovichina, Elena & Ivanic, Maros, 2014. "Missed Opportunities: Economic Effects of Potential Deep Trade Integration in the Levant," Conference papers 332526, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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