Alfred Greiner and Willi Semmler
- Published in print:
- 2008
- Published Online:
- September 2008
- ISBN:
- 9780195328233
- eISBN:
- 9780199869985
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195328233.001.0001
- Subject:
- Economics and Finance, Development, Growth, and Environmental
Recently, the public attention has turned toward the intricate interrelation between economic growth and global warming. This book focuses on this nexus but broadens the framework to study the issue. ...
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Recently, the public attention has turned toward the intricate interrelation between economic growth and global warming. This book focuses on this nexus but broadens the framework to study the issue. Growth is seen as global growth, which affects the global environment and climate change. Global growth, in particular high economic growth rates, implies a fast depletion of renewable and non-renewable resources. Thus, this book deals with the impact of the environment and the effect of the exhaustive use of natural resources on economic growth and welfare of market economies, as well as the reverse linkage. It is arranged in three parts: Part I of the book discusses the environment and growth. The role of environmental pollution is integrated into modern endogenous growth models and recently developed dynamic methods and techniques are used to derive appropriate abatement activities that policymakers can institute. Part II looks at global climate change using these same growth models. Here, too, direct and transparent policy implications are provided. More specifically, tax measures, such as a carbon tax, are favored over emission trading as instruments of mitigation policies. Part III evaluates the use and overuse of renewable and non-renewable resources in the context of a variety of dynamic models. This part of the book, in particular, considers the cases when resources interact as an ecological system and analyze issues of ownership of resources as well as policy measures to avoid the overuse of resources. In addition, not only intertemporal resource allocation but also the eminent issues relating to intertemporal inequities, as well as policy measures to overcome them, are discussed in each part of the book.Less
Recently, the public attention has turned toward the intricate interrelation between economic growth and global warming. This book focuses on this nexus but broadens the framework to study the issue. Growth is seen as global growth, which affects the global environment and climate change. Global growth, in particular high economic growth rates, implies a fast depletion of renewable and non-renewable resources. Thus, this book deals with the impact of the environment and the effect of the exhaustive use of natural resources on economic growth and welfare of market economies, as well as the reverse linkage. It is arranged in three parts: Part I of the book discusses the environment and growth. The role of environmental pollution is integrated into modern endogenous growth models and recently developed dynamic methods and techniques are used to derive appropriate abatement activities that policymakers can institute. Part II looks at global climate change using these same growth models. Here, too, direct and transparent policy implications are provided. More specifically, tax measures, such as a carbon tax, are favored over emission trading as instruments of mitigation policies. Part III evaluates the use and overuse of renewable and non-renewable resources in the context of a variety of dynamic models. This part of the book, in particular, considers the cases when resources interact as an ecological system and analyze issues of ownership of resources as well as policy measures to avoid the overuse of resources. In addition, not only intertemporal resource allocation but also the eminent issues relating to intertemporal inequities, as well as policy measures to overcome them, are discussed in each part of the book.
Alfred Greiner and Willi Semmler
- Published in print:
- 2008
- Published Online:
- September 2008
- ISBN:
- 9780195328233
- eISBN:
- 9780199869985
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195328233.003.0014
- Subject:
- Economics and Finance, Development, Growth, and Environmental
This chapter presents an overview of the chapters (Chapters 14-16) in Part III of the book. This part of the book focuses on the high demand for renewable and non-renewable resources arising from ...
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This chapter presents an overview of the chapters (Chapters 14-16) in Part III of the book. This part of the book focuses on the high demand for renewable and non-renewable resources arising from global economic growth.Less
This chapter presents an overview of the chapters (Chapters 14-16) in Part III of the book. This part of the book focuses on the high demand for renewable and non-renewable resources arising from global economic growth.
Alfred Greiner and Willi Semmler
- Published in print:
- 2008
- Published Online:
- September 2008
- ISBN:
- 9780195328233
- eISBN:
- 9780199869985
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195328233.003.0018
- Subject:
- Economics and Finance, Development, Growth, and Environmental
This concluding chapter presents a synthesis of discussions in the preceding chapters. The first part of the book analyzed in a small-scale model the interrelation between economic growth, the ...
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This concluding chapter presents a synthesis of discussions in the preceding chapters. The first part of the book analyzed in a small-scale model the interrelation between economic growth, the environment, and welfare of a country. The second part of the book studied the interaction of growth and global warming. The third part was concerned with economic growth and renewable and nonrenewable resources as well as with policies to prevent overextraction of those resources.Less
This concluding chapter presents a synthesis of discussions in the preceding chapters. The first part of the book analyzed in a small-scale model the interrelation between economic growth, the environment, and welfare of a country. The second part of the book studied the interaction of growth and global warming. The third part was concerned with economic growth and renewable and nonrenewable resources as well as with policies to prevent overextraction of those resources.
Christian de Perthuis and Pierre-André Jouvet
- Published in print:
- 2015
- Published Online:
- May 2016
- ISBN:
- 9780231171403
- eISBN:
- 9780231540360
- Item type:
- chapter
- Publisher:
- Columbia University Press
- DOI:
- 10.7312/columbia/9780231171403.003.0007
- Subject:
- Economics and Finance, Development, Growth, and Environmental
Systemic climate change risk is not taken into account by Hotelling rents, which traditionally price the scarcity of natural resources, thereby compelling economic agents to constantly push back the ...
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Systemic climate change risk is not taken into account by Hotelling rents, which traditionally price the scarcity of natural resources, thereby compelling economic agents to constantly push back the wall of scarcity. In concrete terms, this means that economic decisions do not at present incorporate the value associated with the climate’s regulatory function.Less
Systemic climate change risk is not taken into account by Hotelling rents, which traditionally price the scarcity of natural resources, thereby compelling economic agents to constantly push back the wall of scarcity. In concrete terms, this means that economic decisions do not at present incorporate the value associated with the climate’s regulatory function.
Clas Eriksson
- Published in print:
- 2013
- Published Online:
- April 2015
- ISBN:
- 9780199663897
- eISBN:
- 9780191808678
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:osobl/9780199663897.003.0006
- Subject:
- Economics and Finance, Development, Growth, and Environmental
This chapter considers whether sustained economic growth is feasible when an exhaustible and non-renewable resource is used in production. Examples of exhaustible natural resources are fossil fuels ...
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This chapter considers whether sustained economic growth is feasible when an exhaustible and non-renewable resource is used in production. Examples of exhaustible natural resources are fossil fuels such as oil, coal, and natural gas, as well as minerals like iron, copper, and aluminium. The main question is whether it is possible to maintain a non-declining per capita income when a natural resource is an important factor in production. In this chapter, the natural resource causes diminishing returns to capital and labour, and its use will decline over time. To compensate for this decline, the technological progress connected to energy must be stronger than the technological progress associated with land. This necessitates further diversion of labour away from production and from labour-augmenting research. The chapter also discusses an alternative possibility for achieving sustainable development: to (gradually) replace the exhaustible energy with renewable energy.Less
This chapter considers whether sustained economic growth is feasible when an exhaustible and non-renewable resource is used in production. Examples of exhaustible natural resources are fossil fuels such as oil, coal, and natural gas, as well as minerals like iron, copper, and aluminium. The main question is whether it is possible to maintain a non-declining per capita income when a natural resource is an important factor in production. In this chapter, the natural resource causes diminishing returns to capital and labour, and its use will decline over time. To compensate for this decline, the technological progress connected to energy must be stronger than the technological progress associated with land. This necessitates further diversion of labour away from production and from labour-augmenting research. The chapter also discusses an alternative possibility for achieving sustainable development: to (gradually) replace the exhaustible energy with renewable energy.
Julien Daubanes and Pierre Lasserre
- Published in print:
- 2014
- Published Online:
- January 2015
- ISBN:
- 9780262027885
- eISBN:
- 9780262319836
- Item type:
- chapter
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262027885.003.0003
- Subject:
- Economics and Finance, Development, Growth, and Environmental
The green paradox arises from the reaction of non-renewable-resource suppliers in anticipation of future price changes. Yet there exists no formal treatment of non-renewable resource supply, ...
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The green paradox arises from the reaction of non-renewable-resource suppliers in anticipation of future price changes. Yet there exists no formal treatment of non-renewable resource supply, systematically deriving quantity as function of price. Assuming a simple two-date setting, this chapter establishes instantaneous restricted (fixed reserves) and unrestricted resource supply functions and studies their basic properties. Supply at one date depends on the price at the other date. The effect of a price change can be decomposed into an intertemporal substitution effect and a stock compensation effect. Unlike the Slutsky decomposition of demand, the substitution effect always dominates so that a price increase at one date causes supply to decrease at the other date. The analysis can be used to explain policy-induced extraction changes like the green paradox by the method of partial equilibrium where supply intersects with demand.Less
The green paradox arises from the reaction of non-renewable-resource suppliers in anticipation of future price changes. Yet there exists no formal treatment of non-renewable resource supply, systematically deriving quantity as function of price. Assuming a simple two-date setting, this chapter establishes instantaneous restricted (fixed reserves) and unrestricted resource supply functions and studies their basic properties. Supply at one date depends on the price at the other date. The effect of a price change can be decomposed into an intertemporal substitution effect and a stock compensation effect. Unlike the Slutsky decomposition of demand, the substitution effect always dominates so that a price increase at one date causes supply to decrease at the other date. The analysis can be used to explain policy-induced extraction changes like the green paradox by the method of partial equilibrium where supply intersects with demand.
Volker Lehmann
- Published in print:
- 2018
- Published Online:
- March 2018
- ISBN:
- 9780198805373
- eISBN:
- 9780191843440
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198805373.003.0012
- Subject:
- Political Science, International Relations and Politics
This chapter analyzes the Extractive Industries Transparency Initiative (EITI) as a global governance tool to curb adverse effects of non-renewable natural resource extraction and commodification, ...
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This chapter analyzes the Extractive Industries Transparency Initiative (EITI) as a global governance tool to curb adverse effects of non-renewable natural resource extraction and commodification, and its interlocking challenges for environment, security, and justice. EITI’s premise that transparency in state resource revenues will foster broader societal transformations so far seems illusory. EITI lacks sanctioning mechanisms vis-à-vis participating companies that hinder full transparency, for example by evading the payment of taxes through tax loopholes. Such problems cannot be solved by resource-rich countries alone, but require political intervention by states that host global financial hubs as well as the most powerful multinational resource extraction companies. Going forward, an “EITI Plus” should also include environmental sustainability standards, so it may strengthen, not contradict broader global agreements such as the UN’s Agenda 2030 for sustainable development and the Paris Climate Accord.Less
This chapter analyzes the Extractive Industries Transparency Initiative (EITI) as a global governance tool to curb adverse effects of non-renewable natural resource extraction and commodification, and its interlocking challenges for environment, security, and justice. EITI’s premise that transparency in state resource revenues will foster broader societal transformations so far seems illusory. EITI lacks sanctioning mechanisms vis-à-vis participating companies that hinder full transparency, for example by evading the payment of taxes through tax loopholes. Such problems cannot be solved by resource-rich countries alone, but require political intervention by states that host global financial hubs as well as the most powerful multinational resource extraction companies. Going forward, an “EITI Plus” should also include environmental sustainability standards, so it may strengthen, not contradict broader global agreements such as the UN’s Agenda 2030 for sustainable development and the Paris Climate Accord.
Michael Hoel
- Published in print:
- 2014
- Published Online:
- January 2015
- ISBN:
- 9780262027885
- eISBN:
- 9780262319836
- Item type:
- chapter
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262027885.003.0002
- Subject:
- Economics and Finance, Development, Growth, and Environmental
The focus of the green paradox literature has been either on demand-side climate policies or on effects of technological changes. The present chapter addresses the question of whether there also ...
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The focus of the green paradox literature has been either on demand-side climate policies or on effects of technological changes. The present chapter addresses the question of whether there also might be some kind of green paradox related to supply-side climate policies. Fossil fuels are non-renewable resources, and the term supply-side climate policy is used for policies that permanently remove some of the carbon resources. The main conclusion of the chapter is that there will no green paradox if supply-side climate policies are aimed at removing high-cost carbon reserves. If instead low-cost reserves are removed, the possibility that both early and total emissions increase cannot be ruled out. Hence, "wrong" supply-side climate policies may give a supply-side green paradox, since such policies may accelerate climate change.Less
The focus of the green paradox literature has been either on demand-side climate policies or on effects of technological changes. The present chapter addresses the question of whether there also might be some kind of green paradox related to supply-side climate policies. Fossil fuels are non-renewable resources, and the term supply-side climate policy is used for policies that permanently remove some of the carbon resources. The main conclusion of the chapter is that there will no green paradox if supply-side climate policies are aimed at removing high-cost carbon reserves. If instead low-cost reserves are removed, the possibility that both early and total emissions increase cannot be ruled out. Hence, "wrong" supply-side climate policies may give a supply-side green paradox, since such policies may accelerate climate change.
Ian Tyrrel
- Published in print:
- 2015
- Published Online:
- May 2015
- ISBN:
- 9780226197760
- eISBN:
- 9780226197937
- Item type:
- chapter
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226197937.003.0005
- Subject:
- History, Environmental History
Examines anxieties over the rapid expansion of fossil fuel use in American industry from the 1870s to 1908. Treats in turn coal, oil and gas waste, and emphasises the links that geopolitical ...
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Examines anxieties over the rapid expansion of fossil fuel use in American industry from the 1870s to 1908. Treats in turn coal, oil and gas waste, and emphasises the links that geopolitical theorists, politicians, and technical experts drew between energy use and growing American global power. The rise of intergenerational equity as a concept and its causes are considered as bound closely to fossil fuel and other mineral supply issues. Speculation over the impacts of fossil fuels on the cost of living, class relations, and the aesthetics of landscape are detailed in turn, along with brief discussion of renewable energy alternatives. An incipient debate about global climate change began but, for the most part, did not reach the level of government policy and was diluted in its impact partly by technological optimism, and by belief that administrative-driven deferral of unnecessary resource use could forestall potentially dire consequences.Less
Examines anxieties over the rapid expansion of fossil fuel use in American industry from the 1870s to 1908. Treats in turn coal, oil and gas waste, and emphasises the links that geopolitical theorists, politicians, and technical experts drew between energy use and growing American global power. The rise of intergenerational equity as a concept and its causes are considered as bound closely to fossil fuel and other mineral supply issues. Speculation over the impacts of fossil fuels on the cost of living, class relations, and the aesthetics of landscape are detailed in turn, along with brief discussion of renewable energy alternatives. An incipient debate about global climate change began but, for the most part, did not reach the level of government policy and was diluted in its impact partly by technological optimism, and by belief that administrative-driven deferral of unnecessary resource use could forestall potentially dire consequences.
Karl A. Wyant, Jessica R. Corman, and James J. Elser (eds)
- Published in print:
- 2013
- Published Online:
- May 2015
- ISBN:
- 9780199916832
- eISBN:
- 9780190267926
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:osobl/9780199916832.001.0001
- Subject:
- Biology, Biochemistry / Molecular Biology
Phosphorus is essential to all life. A critical component of fertilizers, Phosphorus currently has no known substitute in agriculture. Without it, crops cannot grow. With too much of it, waterways ...
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Phosphorus is essential to all life. A critical component of fertilizers, Phosphorus currently has no known substitute in agriculture. Without it, crops cannot grow. With too much of it, waterways are polluted. Across the globe, social, political, and economic pressures are influencing the biogeochemical cycle of phosphorus. A better understanding of this non-renewable resource and its impacts on the environment is critical to conserving our global supply and increasing agricultural productivity. Most of the phosphorus-focused discussion within the academic community is highly fragmented. This book brings together the necessary multi-disciplinary perspectives to build a cohesive knowledge base of phosphorus sustainability. The book is a direct continuation of processes associated with the first international conference on sustainable phosphorus held in the United States, the Frontiers in Life Sciences: Sustainable Phosphorus Summit, though it is not a book of conference proceedings; rather, the book is part of an integrated, coordinated process that builds on the momentum of the Summit. The first chapter introduces the biological and chemical necessity of phosphorus. The subsequent ten chapters explore different facets of phosphorus sustainability and the role of policy on future global phosphorus supplies. The final chapter synthesizes all of the emerging views contained in the book, drawing out the leading dilemmas and opportunities for phosphorus sustainability.Less
Phosphorus is essential to all life. A critical component of fertilizers, Phosphorus currently has no known substitute in agriculture. Without it, crops cannot grow. With too much of it, waterways are polluted. Across the globe, social, political, and economic pressures are influencing the biogeochemical cycle of phosphorus. A better understanding of this non-renewable resource and its impacts on the environment is critical to conserving our global supply and increasing agricultural productivity. Most of the phosphorus-focused discussion within the academic community is highly fragmented. This book brings together the necessary multi-disciplinary perspectives to build a cohesive knowledge base of phosphorus sustainability. The book is a direct continuation of processes associated with the first international conference on sustainable phosphorus held in the United States, the Frontiers in Life Sciences: Sustainable Phosphorus Summit, though it is not a book of conference proceedings; rather, the book is part of an integrated, coordinated process that builds on the momentum of the Summit. The first chapter introduces the biological and chemical necessity of phosphorus. The subsequent ten chapters explore different facets of phosphorus sustainability and the role of policy on future global phosphorus supplies. The final chapter synthesizes all of the emerging views contained in the book, drawing out the leading dilemmas and opportunities for phosphorus sustainability.
Karen Pittel, Frederick van der Ploeg, and Cees Withagen (eds)
- Published in print:
- 2014
- Published Online:
- January 2015
- ISBN:
- 9780262027885
- eISBN:
- 9780262319836
- Item type:
- book
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262027885.001.0001
- Subject:
- Economics and Finance, Development, Growth, and Environmental
Too rapidly rising carbon taxes or the introduction of subsidies for renewable energies induce owners of fossil fuel reserves to increase their extraction rates for fear of their reserves becoming ...
More
Too rapidly rising carbon taxes or the introduction of subsidies for renewable energies induce owners of fossil fuel reserves to increase their extraction rates for fear of their reserves becoming worthless. Fossil fuel use is thus brought forward. The resulting acceleration of global warming and counter-productivity of well-intended climate policy has been coined the Green Paradox by Hans-Werner Sinn and is the intertemporal analogue of the often discussed problem of carbon leakage in the global economy. How robust are these insights? The answer is it depends. These policies typically induce fossil fuel owners to also leave more reserves unexploited in the crust of the earth, which limits the total stock of carbon in the atmosphere and thus curbs global warming ultimately. This volume presents a range of studies which extends the basic analysis to allow for clean energy alternatives such as solar and wind power, dirty energy alternative such as coal and the tar sands, the different elasticities of substitution between all these energy sources, and the intricate strategic issues between different countries on the globe. This offers deeper and more nuanced insights into the Green Paradox with some refreshing policy perspectives.Less
Too rapidly rising carbon taxes or the introduction of subsidies for renewable energies induce owners of fossil fuel reserves to increase their extraction rates for fear of their reserves becoming worthless. Fossil fuel use is thus brought forward. The resulting acceleration of global warming and counter-productivity of well-intended climate policy has been coined the Green Paradox by Hans-Werner Sinn and is the intertemporal analogue of the often discussed problem of carbon leakage in the global economy. How robust are these insights? The answer is it depends. These policies typically induce fossil fuel owners to also leave more reserves unexploited in the crust of the earth, which limits the total stock of carbon in the atmosphere and thus curbs global warming ultimately. This volume presents a range of studies which extends the basic analysis to allow for clean energy alternatives such as solar and wind power, dirty energy alternative such as coal and the tar sands, the different elasticities of substitution between all these energy sources, and the intricate strategic issues between different countries on the globe. This offers deeper and more nuanced insights into the Green Paradox with some refreshing policy perspectives.
David H. Walker
- Published in print:
- 2011
- Published Online:
- June 2013
- ISBN:
- 9781846314872
- eISBN:
- 9781846317156
- Item type:
- book
- Publisher:
- Liverpool University Press
- DOI:
- 10.5949/UPO9781846317156
- Subject:
- Literature, European Literature
At a time when the world is contemplating the depletion of non-renewable natural resources, the consumer society is increasingly being called into question. This is nowhere more acutely evident than ...
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At a time when the world is contemplating the depletion of non-renewable natural resources, the consumer society is increasingly being called into question. This is nowhere more acutely evident than in France, where since its beginnings in the nineteenth century, the consumer revolution, extending market forces into every area of social and private life, has been perceived as a challenge to core elements in French culture, such as traditional artisan crafts and small businesses serving local communities. Cultural historians and sociologists have charted the increasing commercialisation of everyday life over the twentieth century, but few have paid systematic attention to the crucial testimony provided by the authors of narrative fiction. This book rectifies this omission by means of close readings of a series of novels, selected for their authentic portrayal of consumer behaviour, and analysed in relation to their social, cultural and historical contexts.Less
At a time when the world is contemplating the depletion of non-renewable natural resources, the consumer society is increasingly being called into question. This is nowhere more acutely evident than in France, where since its beginnings in the nineteenth century, the consumer revolution, extending market forces into every area of social and private life, has been perceived as a challenge to core elements in French culture, such as traditional artisan crafts and small businesses serving local communities. Cultural historians and sociologists have charted the increasing commercialisation of everyday life over the twentieth century, but few have paid systematic attention to the crucial testimony provided by the authors of narrative fiction. This book rectifies this omission by means of close readings of a series of novels, selected for their authentic portrayal of consumer behaviour, and analysed in relation to their social, cultural and historical contexts.
