Technological Change During the Energy Transition

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

Research output: Working paperDiscussion paperOther research output

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
PublisherTinbergen Institute
Pages34
Volume14-108/VIII
Publication statusPublished - 18 Aug 2014

Publication series

NameTinbergen Institute Discussion Paper
Volume14-108/VIII

Fingerprint

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

Keywords

  • alternative energy sources
  • endogenous growth
  • energy transition
  • non-renewable resources
  • technological change

Cite this

van der Meijden, G. C., & Smulders, S. A. (2014). Technological Change During the Energy Transition. (pp. 34). (Tinbergen Institute Discussion Paper; Vol. 14-108/VIII). Amsterdam: Tinbergen Institute.
van der Meijden, G.C. ; Smulders, Sjak A. / Technological Change During the Energy Transition. Amsterdam : Tinbergen Institute, 2014. pp. 34 (Tinbergen Institute Discussion Paper).
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van der Meijden, GC & Smulders, SA 2014 'Technological Change During the Energy Transition' Tinbergen Institute Discussion Paper, vol. 14-108/VIII, Tinbergen Institute, Amsterdam, pp. 34.

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

Amsterdam : Tinbergen Institute, 2014. p. 34 (Tinbergen Institute Discussion Paper; Vol. 14-108/VIII).

Research output: Working paperDiscussion paperOther research output

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van der Meijden GC, Smulders SA. Technological Change During the Energy Transition. Amsterdam: Tinbergen Institute. 2014 Aug 18, p. 34. (Tinbergen Institute Discussion Paper).