The Economics of Sustainability
The paper deals with the economics of sustainability associated with the transformation of energy markets. It emphasizes the interrelations between technical changes and energy markets and how in turn the resulting transformations alter the sustainability of economic systems that are dependent on these markets. It also explores how innovation (or the lack thereof) is intimately linked to the ability of energy rich economies to adapt and transform. The agenda is especially relevant for oil rich countries that have announced or already put in place policies to help transform their economies and move away from dependence on oil. The agenda is also relevant for the global community, as it relates to the economic consequences of the needed transformation of energy markets to support the goal of limiting global warming by reducing greenhouse gas emissions.
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| Format: | Working Paper biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019-05
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| Subjects: | ENERGY MARKETS, OIL, RENEWABLE ENERGY, INNOVATION, DIVERSIFICATION, TRANSFORMATION, GREENHOUSE GAS EMISSIONS, CLIMATE CHANGE, |
| Online Access: | http://documents.worldbank.org/curated/en/270861558366037153/The-Economics-of-Sustainability-Causes-and-Consequences-of-Energy-Market-Transformation https://hdl.handle.net/10986/31736 |
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| Summary: | The paper deals with the economics of
sustainability associated with the transformation of energy
markets. It emphasizes the interrelations between technical
changes and energy markets and how in turn the resulting
transformations alter the sustainability of economic systems
that are dependent on these markets. It also explores how
innovation (or the lack thereof) is intimately linked to the
ability of energy rich economies to adapt and transform. The
agenda is especially relevant for oil rich countries that
have announced or already put in place policies to help
transform their economies and move away from dependence on
oil. The agenda is also relevant for the global community,
as it relates to the economic consequences of the needed
transformation of energy markets to support the goal of
limiting global warming by reducing greenhouse gas emissions. |
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