Fossil Fuel Resources, Environment, and Climate Change

Unurjargal Nyambuu () and Willi Semmler
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Unurjargal Nyambuu: The City University of New York (CUNY)
Willi Semmler: The New School for Social Research

Chapter Chapter 4 in Sustainable Macroeconomics, Climate Risks and Energy Transitions, 2023, pp 45-58 from Springer

Abstract: Abstract In this chapter, we address the link between CO2 emissions and the extraction and use of fossil fuels. Quite reasonably, many economists presume that CO2 emissions result from economic activity. Thus, it is essential that we study fossil fuel resources, their reserves, their discovery, their extraction, and their consumption. The magnitude and vicissitudes of these processes affect society’s welfare and environment and are the main drivers of climate change. We study carbon-generating fuels, particularly oil, gas, and coal, and discuss the negative externalities thus created. Historical trends in such resource usage and demand are addressed together with resource prices, particularly oil, and their effects on the economy.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-27982-9_4

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DOI: 10.1007/978-3-031-27982-9_4

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