Title of article :
Escalation of commitment to fossil fuels
Author/Authors :
Arbuthnott، نويسنده , , Katherine D. and Dolter، نويسنده , , Brett، نويسنده ,
Pages :
7
From page :
7
To page :
13
Abstract :
The use of fossil fuels has been a great boon to human civilization. However, given the issue of climate change, it has become clear that this is a time-limited strategy and that we will at some point need to severely curtail, and perhaps ultimately eliminate, this strategy of meeting our energy needs. Given this long-term perspective, the authors argue that continued public investment in fossil fuel industries and infrastructures reflects escalation of commitment, continued investment in a failing strategy. In this context, this paper reviews the research on escalation of commitment and factors that encourage de-escalation, highlighting strategies that citizens can use to encourage politicians and public administrators to protect long-term civic well-being by shifting investments away from fossil fuel industries.
Keywords :
escalation of commitment , sunk cost , path dependency , Energy investment
Journal title :
Astroparticle Physics
Record number :
1941916
Link To Document :
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