Transition to a Low-Carbon Energy System

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 7 in Sustainable Macroeconomics, Climate Risks and Energy Transitions, 2023, pp 87-110 from Springer

Abstract: Abstract In this chapter, we present historical trends related to carbon dioxide (CO2) and greenhouse gas (GHG) emissions affecting the carbon budget. This documents the fact that the use of fossil fuels, coal in particular, creates a very large negative externality. We present a dynamic model starting from a mixed energy sector with fossil fuel and renewable energy and indicate different pathways to the decarbonization of the economies of advanced and developing countries.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-27982-9_7

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DOI: 10.1007/978-3-031-27982-9_7

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