Economics at your fingertips  

Endogenous Substitution among Energy Resources and Global Warming

Ujjayant Chakravorty (), James Roumasset () and Kinping Tse

Journal of Political Economy, 1997, vol. 105, issue 6, 1201-34

Abstract: A model of global warming with endogenous substitution of energy resources and multiple energy demands is developed. It suggests that, if historical rates of cost reduction in the production of solar energy are maintained, most of the world's coal will never be used. The world will move from oil and natural gas use to solar energy. Temperatures will rise by only about 1.5-2.0 degrees centigrade by the middle of the twenty-first century and then decline to preindustrial levels. These results are significantly lower than those predicted by the Intergovernmental Panel on Climate Change and suggest that the case for global warming may be seriously overstated. Copyright 1997 by the University of Chicago.

Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (135) Track citations by RSS feed

Downloads: (external link) full text (application/pdf)
Access to the online full text or PDF requires a subscription.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Journal of Political Economy from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().

Page updated 2021-01-14
Handle: RePEc:ucp:jpolec:v:105:y:1997:i:6:p:1201-34