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Climate Policy and Nonrenewable ResourcesThe Green Paradox and Beyond$
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Karen Pittel, Frederick van der Ploeg, and Cees Withagen

Print publication date: 2014

Print ISBN-13: 9780262027885

Published to MIT Press Scholarship Online: January 2015

DOI: 10.7551/mitpress/9780262027885.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 26 May 2022

The Green Paradox: A Mirage?

The Green Paradox: A Mirage?

(p.1) 1 The Green Paradox: A Mirage?
Climate Policy and Nonrenewable Resources

Karen Pittel

Rick van der Ploeg

Cees Withagen

The MIT Press

This chapter sets out what the Green Paradox is and also discusses its limitations. Although too rapidly rising carbon taxes and renewable subsidies may accelerate global warming, they also incite fossil fuel owners to leave more fossil fuel in the crust of the earth which curbs global warming in the long run. The chapter briefly discusses the contributions of each of the following chapters of this volume. It discusses how this qualifies the original insights into the Green Paradox and also discusses some of the policy implications implied by the research on offer in this volume. It turns out that the presence of clean and dirty backstops, extraction costs that rise as reserves diminish, factor substitution elasticities, strategic issues and a host of other factors play an important role.

Keywords:   Green Paradox, exhaustible fossil fuel resources, reserves, renewable energy, climate policy

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