LiveZilla Live Chat Software

Constellation, le dépôt institutionnel de l'Université du Québec à Chicoutimi

An economic simulation of the path to sustainable energy: A dynamic analysis

Mason Charles F. et Morin Chassé Rémi. (2017). An economic simulation of the path to sustainable energy: A dynamic analysis. Challenges in Sustainability, 5, (2), p. 1-10.

[img]
Prévisualisation
PDF - Version publiée
287kB

URL officielle: https://doi.org/10.12924/cis2017.05020001

Résumé

The existing economics literature neglects the important role of capacity in the production of renewable energy. To fill this gap, we construct a model in which renewable energy production is tied to renewable energy capacity, which then becomes a form of capital. This capacity capital can be increased through investment, which we interpret as arising from the allocation of energy, and which therefore comes at the cost of reduced general production. Requiring societal well-being to never decline—the notion of sustainability favored by economists—we describe how society could optimally elect to split energy in this fashion, the use of non-renewable energy resources, the use of renewable energy resources, and the implied time path of societal well-being. Our model delivers an empirically satisfactory explanation for simultaneous use of non-renewable and renewable energy. We also discuss the optimality of ceasing use of non-renewable energy before the non-renewable resource stock is fully exhausted.

Type de document:Article publié dans une revue avec comité d'évaluation
Volume:5
Numéro:2
Pages:p. 1-10
Version évaluée par les pairs:Oui
Date:8 Mai 2017
Sujets:Sciences sociales et humaines > Sciences sociales > Économie
Sciences naturelles et génie > Sciences appliquées > Eau et environnement
Département, module, service et unité de recherche:Départements et modules > Département des sciences économiques et administratives
Mots-clés:non-renewable resource, renewable energy, sustainability
Déposé le:03 juin 2019 18:53
Dernière modification:03 juin 2019 18:53
Afficher les statistiques de telechargements

Éditer le document (administrateurs uniquement)

Creative Commons LicenseSauf indication contraire, les documents archivés dans Constellation sont rendus disponibles selon les termes de la licence Creative Commons "Paternité, pas d'utilisation commerciale, pas de modification" 2.5 Canada.

Bibliothèque Paul-Émile-Boulet, UQAC
555, boulevard de l'Université
Chicoutimi (Québec)  CANADA G7H 2B1
418 545-5011, poste 5630