Low Carbon Development: The Challenges of Green Energy Innovation

Frank L. Bartels and Bianca Cravenna

No 2015-03, Globelics Working Paper Series from Globelics - Global Network for Economics of Learning, Innovation, and Competence Building Systems, Aalborg University, Department of Business and Management

Abstract: The pivotal issue in the current wide-ranging debate on sustainability, economic growth, the environment and Low Carbon Development (LCD) , taking departure from the perspective of “The Limits to Growth”, is managing the global commons (Nordhaus, 1994) in an intergenerational context (Arrow et al., 2013). Jordan and Fortin (2002. p. 366) conclude that biological relationships in ecological systems require maintenance and “thus, sustainability is a scale and topology issue, requiring not just the size of the economy in resource use per capita, but such an ecological value (spatial scarcity, ecological turnover times, inter-generational environmental lags) linked over space and time”. In this paper an overview of the different positions regarding LCD is provided and it is argued that it is necessary for industrialized countries to take action in order to allow sustainable growth.

Keywords: Innovation; low carbon development; green energy; sustainability; economic growth. (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-ene, nep-env and nep-ino
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