Cookies?
Library Header Image
LSE Research Online LSE Library Services

Path dependence in energy systems and economic development

Fouquet, Roger (2016) Path dependence in energy systems and economic development. Nature Energy, 1. p. 16098. ISSN 2058-7546

[img]
Preview
PDF - Accepted Version
Download (357kB) | Preview

Identification Number: 10.1038/nenergy.2016.98

Abstract

Energy systems are subject to strong and long-lived path dependence, owing to technological, infrastructural, institutional and behavioural lock-ins. Yet, with the prospect of providing accessible cheap energy to stimulate economic development and reduce poverty, governments often invest in large engineering projects and subsidy policies. Here, I argue that while these may achieve their objectives, they risk locking their economies onto energy-intensive pathways. Thus, particularly when economies are industrializing, and their energy systems are being transformed and are not yet fully locked-in, policymakers should take care before directing their economies onto energy-intensive pathways that are likely to be detrimental to their long-run prosperity.

Item Type: Article
Official URL: http://www.nature.com/nenergy
Additional Information: © 2016 The Author
Divisions: Grantham Research Institute
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HC Economic History and Conditions
J Political Science > JA Political science (General)
Sets: Research centres and groups > Grantham Research Institute on Climate Change and the Environment
Date Deposited: 13 Jul 2016 10:48
Last Modified: 19 Sep 2017 15:40
Projects: ES/K006576/1
Funders: Economic and Social Research Council
URI: http://eprints.lse.ac.uk/id/eprint/67119

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics