2006
DOI: 10.5547/issn0195-6574-ej-volsi2006-nosi1-12
|View full text |Cite
|
Sign up to set email alerts
|

Decarbonizing the Global Economy with Induced Technological Change: Scenarios to 2100 using E3MG

Abstract: This paper reports how endogenous economic growth and technological change have been introduced into a global econometric model. It explains how further technological change might be induced by mitigation policies so as to reduce greenhouse gas emissions and stabilize atmospheric concentrations. These are the first results of a structural econometric approach to modeling the global economy using the model E3MG (energy-environment-economy model of the globe), which in turn constitutes one component in the Commu… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1
1

Citation Types

1
45
0
1

Year Published

2006
2006
2019
2019

Publication Types

Select...
5
4

Relationship

1
8

Authors

Journals

citations
Cited by 72 publications
(47 citation statements)
references
References 49 publications
1
45
0
1
Order By: Relevance
“…However, the literature on competing technologies (Arthur 1990) -and experience with, for instance, wind-power in Denmark -suggests that the current costs of technologies are a poor guide to future relative costs. Alternative decarbonised and carbon intensive scenarios show little cost difference in the long run, allowing for induced technological change (Gritsevskyi and Nakicenovic 2000;Barker et al 2006), and specialisation into a bio-based scenario may strengthen the benefit from such induced improvement.…”
Section: Illustrative Calculations: Technologies Land and Implementamentioning
confidence: 97%
“…However, the literature on competing technologies (Arthur 1990) -and experience with, for instance, wind-power in Denmark -suggests that the current costs of technologies are a poor guide to future relative costs. Alternative decarbonised and carbon intensive scenarios show little cost difference in the long run, allowing for induced technological change (Gritsevskyi and Nakicenovic 2000;Barker et al 2006), and specialisation into a bio-based scenario may strengthen the benefit from such induced improvement.…”
Section: Illustrative Calculations: Technologies Land and Implementamentioning
confidence: 97%
“…Econometric models are represented by the Tyndall Centre�s E3MG model (Barker et al 2006). It is based on a post-Keynesian disequilibrium macroeconomic structure with two sets of econometric equations (describing energy demand and export demand) estimated using Engle-Granger cointegration.…”
Section: Simulation and Econometric Modelsmentioning
confidence: 99%
“…In attempts to model pathways towards a decarbonised global economy it is often assumed that technological progress is induced by relatively high prices of carbon (Barker et al, 2006). A recent study on adaptation and mitigation strategies suggests that the costs for mitigation in Europe especially in the energy sector will turn into investments into a profitable future around the year 2050 "when the cumulative savings of energy imports become higher than the mitigation investments" (Schade et al, 2009: 348).…”
Section: Introduction: Linking Carbon Markets To Sustainable Innovatimentioning
confidence: 99%