Economics, Econometrics and Finance
4 years ago

Renewable Energy Breakthrough Risks Worsening Greenhouse Gas Emissions

Memorandum (Institute of Pacific Relations American Council)
Bush Meets Hotelling: Effects of Improved Renewable Energy Technology on Greenhouse Gas Emissions
Michael Hotel

Paper Summary

The cost of renewable energy technology affects greenhouse gas emissions. As renewable energy becomes cheaper, emissions may increase in the short term. This could lead to higher climate costs, outweighing the benefits of cheaper renewable energy.

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