Energy Transition Scenarios for Fossil Fuel Rich Developing Countries under Constraints on Oil Availability: The Case of Ecuador

Vicente Sebastian Espinoza, Javier Fontalvo, Paola Ramírez, Jaime Martí-Herrero and Margarita Mediavilla
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Vicente Sebastian Espinoza: Instituto de Investigacion Geologico y Energetico (IIGE), Quito 170518, Ecuador
Javier Fontalvo: Instituto de Investigacion Geologico y Energetico (IIGE), Quito 170518, Ecuador
Paola Ramírez: Instituto de Investigacion Geologico y Energetico (IIGE), Quito 170518, Ecuador
Jaime Martí-Herrero: Biomass to Resources Group, Universidad Regional Amazonica Ikiam, Via Tena-Muyuna, Km.7, Tena 150102, Ecuador
Margarita Mediavilla: Research Group on Energy, Economy and System Dynamics, Escuela de Ingenierías Industriales, Paseo del Cauce s/n, University of Valladolid, 47011 Valladolid, Spain

Energies, 2022, vol. 15, issue 19, 1-25

Abstract: The aim of this paper is to analyze energy pathways for a fossil fuel rich developing country towards an energy transition considering national and international oil availability using Ecuador as a reference. An integrated assessment model has been developed to simulate energy transition scenarios considering constraints on oil availability at the national and global level. Results show that if current trends in energy demand and supply persist, energy scarcity would start around 2040 due to depletion of national oil reserves and restricted access to foreign oil. This would trigger a degrowth in economic activity in sectors with high dependency on petroleum products. Scenarios with conservative efforts might partially revert the increasing use of fossil fuels supported by policies for energy efficiency and substitution of liquid fuels with electricity mainly from renewables. However, energy shortages would still be foreseeable as well as a decay of the economy. Under a maximum efforts scenario with an optimistic availability of national oil, a moderate-sustained economic growth could be feasible. This shows that oil would still play a key role during the transition. Furthermore, ambitious policies must be implemented in the short term to smooth the effects of displacing oil as energy and income source.

Keywords: oil availability; energy transition scenarios; energy demand; degrowth (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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