search query: @author Chakravorty, U. / total: 3
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| Author: | Chakravorty, U. Roumasset, J. Tse, K. |
| Title: | Endogenous substitution among energy resources and global warming |
| Journal: | Journal of Political Economy
1997 : DEC, VOL. 105:6, p. 1201-1234 |
| Index terms: | ENERGY NATURAL RESOURCES SUBSTITUTE GOODS GLOBAL WARMING |
| Language: | eng |
| Abstract: | This study develops a model with multiple resources and grades and multiple demands. The model is simulated with extraction cost, estimated reserves, and energy demand data for the world economy. If historical rates of cost reduction in the production of solar energy are maintained, more than 90% of the world's coal will never be used, and the world will move from oil and natural gas use to solar energy. Temperatures will rise only about 1.5-2 degrees contigrade by the middle of the next century and then decline steadily to preindustrial levels. |
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