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Pré-Publication, Document De Travail Année : 2011

Learning-by-doing and the Costs of a Backstop for Energy Transition and Sustainability

Résumé

We assess the impact of being able to substitute an unlimited but costly energy substitute (like wind, solar) for a non-renewable resource (like oil, coal) in a model of sustainable growth. The prospects for sustainability on the optimal path depend crucially on the costs of this substitute.Furthermore, the poorer a country, measured in terms of capital stock at a given point in time, the later it should switch to the renewable substitute, and the more likely it will be unsustainable. Taking learning-by-doing in account, we find that this leads to an earlier switching time but does not guarantee sustainability.
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Dates et versions

hal-00637960 , version 1 (03-11-2011)

Identifiants

  • HAL Id : hal-00637960 , version 1

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Pierre-André Jouvet, Ingmar Schumacher. Learning-by-doing and the Costs of a Backstop for Energy Transition and Sustainability. 2011. ⟨hal-00637960⟩
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