Innovation and the dynamics of global warming

• Autores: Ralph A. Winter
• Localización: Journal of Environmental Economics and Management, ISSN-e 1096-0449, Vol. 68, Nº. 1, 2014, págs. 124-140
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Global warming and the carbon cycle are a dynamic system with positive feedbacks. Fossil fuels are exhaustible resources. These two facts mean that innovation in clean energy technology, rather than mitigating global warming, can lead to a permanently higher temperature path. This paper explores the impact of innovation in the simplest model linking the economic theory of exhaustible resources with positive feedback dynamics in the carbon cycle.