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Growth dynamics of energy technologies: using historical patterns to validate low carbon scenarios

Wilson, Charlie (2010) Growth dynamics of energy technologies: using historical patterns to validate low carbon scenarios. Centre for Climate Change Economics and Policy and Grantham Research Institute on Climate Change and the Environment, 32. Centre for Climate Change Economics and Policy and Grantham Research Institute on Climate Change and the Environment, London, UK.

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Abstract

Historical growth dynamics of energy technologies reveal a consistent relationship between the extent to which a technology’s installed capacity grows and the time duration of that growth. This extent – duration relationship is remarkably consistent across both supply-side and demand-side technologies, and both old and new energy technologies. Consequently, it can be used as a means of validating future scenarios of energy technology growth under carbon constraints. This validation methodology is tested on the extents and durations of growth for a range of low carbon technologies in scenarios generated by the MESSAGE energy system model which has been widely used by the IPCC. The key finding is that low carbon technology growth in the scenarios appears generally conservative relative to what has been evidenced historically. This is counterintuitive given the extremely rapid growth rates of certain low carbon technologies under tight carbon constraints. Reasons for the apparent scenario conservatism are explored. Parametric conservatism in the underlying energy system model seems the most likely explanation.

Item Type: Monograph (Working Paper)
Official URL: http://www2.lse.ac.uk/GranthamInstitute/Home.aspx
Additional Information: © 2010 The Author
Library of Congress subject classification: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HC Economic History and Conditions
Journal of Economic Literature Classification System: O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O33 - Technological Change: Choices and Consequences; Diffusion Processes
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q4 - Energy > Q40 - General
Sets: Departments > Geography and Environment
Research centres and groups > Grantham Research Institute on Climate Change and the Environment
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 32
Date Deposited: 26 Jul 2011 15:32
URL: http://eprints.lse.ac.uk/37602/

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