Technological Change during the Energy Transition

G.C. van der Meijden, J.A. Smulders

Research output: Working paperProfessional

Abstract

The energy transition from fossil fuels to alternative energy sources has important consequences for technological change and resource extraction. We examine these consequences by incorporating a non-renewable resource and an alternative energy source in a market economy model of endogenous growth through expanding varieties. During the energy transition, technological progress is non-monotonic over time: it declines initially, starts increasing when the economy approaches the regime shift, and jumps down once the resource stock is exhausted. A moment of peak-oil does no longer necessarily occur, and simultaneous use of the resource and the alternative energy source will take place if the return to innovation becomes too low.
Original languageEnglish
Place of PublicationAmsterdam
Number of pages34
Volume14-108/VIII
Publication statusPublished - 18 Aug 2014

Publication series

NameTinbergen Institute Discussion Paper

Fingerprint

Energy sources
Technological change
Energy
Alternative energy
Resources
Peak oil
Non-renewable resources
Fossil fuels
Endogenous growth
Jump
Market economy
Innovation
Technological progress
Regime shift
Resource extraction

Cite this

van der Meijden, G. C., & Smulders, J. A. (2014). Technological Change during the Energy Transition. (Tinbergen Institute Discussion Paper). Amsterdam.
van der Meijden, G.C. ; Smulders, J.A. / Technological Change during the Energy Transition. Amsterdam, 2014. (Tinbergen Institute Discussion Paper).
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van der Meijden, GC & Smulders, JA 2014 'Technological Change during the Energy Transition' Tinbergen Institute Discussion Paper, Amsterdam.

Technological Change during the Energy Transition. / van der Meijden, G.C.; Smulders, J.A.

Amsterdam, 2014. (Tinbergen Institute Discussion Paper).

Research output: Working paperProfessional

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van der Meijden GC, Smulders JA. Technological Change during the Energy Transition. Amsterdam. 2014 Aug 18. (Tinbergen Institute Discussion Paper).