Transition to sustainability? Feasible scenarios towards a low-carbon economy

Giovanni Bernardo and Simone D'Alessandro ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper analyses different policies that may promote the transition towards a low-carbon economy. We present a dynamic simulation model where three different strategies are identified: improvements in energy efficiency, the development of the renewable energy sector, and carbon capture and storage. Our aim is to evaluate the dynamics that the implementation of these strategies may produce in the economy, looking at different performance indicators, such as the GDP growth rate, unemployment, labour share, carbon emissions, and renewable energy production. Scenario analysis shows that a number of tradeoffs between social, economic and environmental indicators emerge. Such tradeoffs undermine an `objective' definition of sustainability.

Keywords: sustainability; energy transition; system dynamics; scenario analysis. (search for similar items in EconPapers)
JEL-codes: C63 E2 Q01 Q43 (search for similar items in EconPapers)
Date: 2014-02-15
New Economics Papers: this item is included in nep-cmp, nep-env, nep-mac and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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https://mpra.ub.uni-muenchen.de/67882/1/MPRA_paper_67882.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:53746

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