Economic growth and development with low-carbon energy
Date
2018
Authors
Fankhauser, Sam
Jotzo, Frank
Journal Title
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Volume Title
Publisher
John Wiley & Sons Inc.
Abstract
Energy is needed for economic growth, and access to cheap, reliable energy is an
essential development objective. Historically most incremental energy demand
has been met through fossil fuels; however, in future that energy will have to be
low carbon and ultimately zero-carbon. Decarbonization can and needs to happen
at varying speeds in all countries, depending on national circumstances. This article reviews the implications of a transition to low-carbon energy on economic
growth and development in current low-income countries. It sets out empirical
findings about trajectories for energy intensity and emissions intensity of economic growth; explores pathways to accelerate decarbonization; reviews the theoretical and empirical literature on economic costs and co-benefits of energy
decarbonization; and assesses analytical approaches. It discusses the opportunities that might arise in terms of a cleaner, more dynamic and more sustainable
growth model, and the options for developing countries to implement a lesscarbon intensive model of economic development
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Source
WIREs Climate Change
Type
Journal article
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Access Statement
Open Access
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Restricted until
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