Jouvet، نويسنده , , Pierre-André and Schumacher، نويسنده , , Ingmar، نويسنده ,

3541652

Learning-by-doing and the costs of a backstop for energy transition and sustainability

3316

We assess the impact of being able to substitute an unlimited but costly energy substitute (like wind, solar) for a non-renewable resource (like oil, coal) in a model of sustainable growth. The prospects for sustainability on the optimal path depend crucially on the costs of this substitute. Furthermore, the poorer a country, measured in terms of capital stock at a given point in time, the later it should switch to the renewable substitute, and the more likely it will be unsustainable. Taking learning-by-doing in account, we find that this leads to an earlier switching time but does not guarantee sustainability.

122

Sustainability , Resource substitution , learning-by-doing , Backstop technology , Non-renewable resource

Studia Iranica

132

132