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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, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 24 July 2021

The Green Paradox Under Imperfect Substitutability between Clean and Dirty Fuels

The Green Paradox Under Imperfect Substitutability between Clean and Dirty Fuels

Chapter:
(p.59) 4 The Green Paradox Under Imperfect Substitutability between Clean and Dirty Fuels
Source:
Climate Policy and Nonrenewable Resources
Author(s):

Ngo Van Long

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262027885.003.0004

This chapter shows that a technological change that increases marginally the degree of substitutability of non-fossil fuels for fossil fuels may cause fossil fuels producers to anticipate lower demand in the future, and to react by increasing current extraction, leading to higher near-term emissions and accelerating climate change damages. Such a Green Paradox outcome is more likely to occur if the existing degree of substitutability is moderate or high. In fact, if the current degree of substitutability is near zero, then there will be no Green Paradox outcome associated with a marginal increase in substitutability.

Keywords:   Substitutability, Green Paradox, climate change, technological change, emissions

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