Innovation and the dynamics of global warming

Ralph Winter ()

Journal of Environmental Economics and Management, 2014, vol. 68, issue 1, 124-140

Abstract: Global warming and the carbon cycle are a dynamic system with positive feedbacks. Fossil fuels are exhaustible resources. These two facts mean that innovation in clean energy technology, rather than mitigating global warming, can lead to a permanently higher temperature path. This paper explores the impact of innovation in the simplest model linking the economic theory of exhaustible resources with positive feedback dynamics in the carbon cycle.

Keywords: Climate change; Global warming; Clean energy; Innovation; Exhaustible resources (search for similar items in EconPapers)
JEL-codes: Q42 Q54 Q55 Q58 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:68:y:2014:i:1:p:124-140

DOI: 10.1016/j.jeem.2014.01.005

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