Economic and environmental effects under resource scarcity and substitution between renewable and non-renewable resources

• Tipo: Artigo em Revista Científica Internacional
• Data: 2013

Autores

S. Silva (Autor) Outra; Isabel Soares (Autor) FEP; Óscar Afonso (Autor) FEP

Revista

Título: Energy Policy

Vol. 54

Páginas: 113-124

ISSN: 0301-4215

Editora: Elsevier

Indexação

ISI Web of Knowledge - 34 Citações

ISI Web of Science

Scopus - 41 Citações

Classificação Científica

FOS: Ciências sociais > Economia e gestão

Outras Informações

ID Authenticus: P-005-2XF

DOI: 10.1016/j.enpol.2012.10.069

Abstract (EN): We build a general equilibrium model with renewable (non-polluting) and non-renewable (polluting) resources to analyze the interaction and compatibility between economic growth and a cleaner environment. The study is in two phases: (i) resource extraction/production costs are constant; (ii) resource producers invest in knowledge to reduce extraction/production costs, endogenizing technical change. With constant costs, there is a permanent trade-off between economic growth and a cleaner environment. With endogenous technical change, it is possible to harmonize more output and less emissions by replacing non-renewable resources for renewable ones. We also conduct a sensitivity analysis to explore three specific policy actions. With constant costs, the best policy action is the imposition of a higher renewable resources standard, while with endogenous technical change, under certain conditions, all policy interventions may benefit both the economy and the environment.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 12