Titlebar

Export bibliographic data
Literature by the same author
plus on the publication server
plus at Google Scholar

 

Economic growth and the transition from non-renewable to renewable energy

Title data

Greiner, Alfred ; Grüne, Lars ; Semmler, Willi:
Economic growth and the transition from non-renewable to renewable energy.
In: Environment and Development Economics. Vol. 19 (2014) Issue 4 . - pp. 417-439.
ISSN 1355-770X
DOI: https://doi.org/10.1017/S1355770X13000491

Official URL: Volltext

Related URLs

Project information

Project title:
Project's official titleProject's id
Contract01LA1105C

Project financing: Bundesministerium für Bildung und Forschung

Abstract in another language

The paper considers the transition of an economy from non-renewable to renewable energy. We set up a canonical growth model with damages in the household's welfare function and two energy sources – non-renewable and renewable energy. To produce renewable energy a capital stock must be built up. A socially optimal solution is considered that takes into account the negative externality from the non-renewable energy. We also study how the optimal solution can be mimicked in a market economy by policies using subsidies and tax rates. To solve the model numerically, we use Nonlinear Model Predictive Control. We study when a transition to renewable energy takes place and whether it occurs before the non-renewable resource is exhausted. In addition, we analyze the impact of the initial values of the non-renewable resource and of the capital stock on the time of paths of the variables.

Further data

Item Type: Article in a journal
Refereed: Yes
Additional notes: A preliminary version is published under the title "Economic growth and the transition from non-renewable to renewable energy" at the Social Science Research Network (SSRN), no. 2098707 in July, 2012.
Keywords: renewable energy; nonlinear model predictive control
Subject classification: JEL Codes: Q43, Q54, O13
Institutions of the University: Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics V (Applied Mathematics) > Chair Mathematics V (Applied Mathematics) - Univ.-Prof. Dr. Lars Grüne)
Profile Fields > Advanced Fields > Nonlinear Dynamics
Faculties
Faculties > Faculty of Mathematics, Physics und Computer Science
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics V (Applied Mathematics)
Profile Fields
Profile Fields > Advanced Fields
Result of work at the UBT: Yes
DDC Subjects: 500 Science > 510 Mathematics
Date Deposited: 17 Apr 2015 09:48
Last Modified: 17 Apr 2015 09:48
URI: https://eref.uni-bayreuth.de/id/eprint/10112