CORDIS
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Economic growth and the use of non-renewable energy resources

Project information

Grant agreement ID: 41712

  • Start date

    7 May 2007

  • End date

    6 May 2009

Funded under:

FP6-MOBILITY

Coordinated by:

CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE

France

Objective

A central problem involving usage of natural resource is the management of non-renewable resources to generate energy such as fossil fuels. Authors like Dasgupta and Heal (1974), Hartwick (1989), and Smulders and Nooij (2003) point out that the use of non-renewable energy resources undoubtedly implies a limit to economic growth and development of modern economies.

However, the same authors and others, namely Newell et al. (2000), Loschel (2002), and Carraro (2003) believe in technical progress as a way to solve the problem. Considering this as an option, one possible solution to the previous problem is the development of technologies that use renewable energy resources. Yet, these kinds of technologies cannot compete with the fossil fuel technology to produce energy, because of their slow development.

However, Boucekkine and Pommeret (2002) point out that the use of energy-saving technologies is an alternative and/or complement to the solution of renewable energy resources. The idea is of energy-efficiency: n on-renewable resources produce energy, but unnecessary energy losses are minimised in both the energy production process and the energy usage.

The primary goal of my project is to contribute to the analysis of the relationship between economic growth and t he use of non-renewable energy resources such as fossil fuel. More precisely, I will study the conditions under which energy-saving technologies can sustain long run growth, although energy is mainly produced by non-renewable natural resources.

A general equilibrium framework will be considered, giving special attention to the dynamical properties of the economy. My main target is to emphasize the role of energy-saving technical progress as a convincing solution to the trade-off between economic growth and the use of non-renewable energy resources.

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Coordinator

CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE

Address

3, Rue Michel-Ange
Paris

France

Project information

Grant agreement ID: 41712

  • Start date

    7 May 2007

  • End date

    6 May 2009

Funded under:

FP6-MOBILITY

Coordinated by:

CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE

France