Economic growth and development with low-carbon energy

Fankhauser, Samuel ORCID: 0000-0003-2100-7888 and Jotzo, Frank (2017) Economic growth and development with low-carbon energy. Wiley Interdisciplinary Reviews: Climate Change, 9 (1). e495. ISSN 1757-7780

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Abstract

Energy is needed for economic growth, and access to cheap, reliable energy is an essential development objective. Historically most incremental energy demand has been met through fossil fuels; however, in future that energy will have to be low carbon and ultimately zero‐carbon. Decarbonization can and needs to happen at varying speeds in all countries, depending on national circumstances. This article reviews the implications of a transition to low‐carbon energy on economic growth and development in current low‐income countries. It sets out empirical findings about trajectories for energy intensity and emissions intensity of economic growth; explores pathways to accelerate decarbonization; reviews the theoretical and empirical literature on economic costs and co‐benefits of energy decarbonization; and assesses analytical approaches. It discusses the opportunities that might arise in terms of a cleaner, more dynamic and more sustainable growth model, and the options for developing countries to implement a less‐carbon intensive model of economic development

Item Type:	Article
Official URL:	http://wires.wiley.com/WileyCDA/WiresJournal/wisId...
Additional Information:	© 2017 Wiley Periodicals
Divisions:	Grantham Research Institute
Subjects:	G Geography. Anthropology. Recreation > GE Environmental Sciences H Social Sciences > HD Industries. Land use. Labor
Date Deposited:	23 Feb 2018 15:08
Last Modified:	26 Apr 2024 03:48
Projects:	ES/K006576/1
Funders:	UK Aid, Economic and Social Research Council
URI:	http://eprints.lse.ac.uk/id/eprint/86850

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