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2014 | OriginalPaper | Chapter

1. Dynamic Management of Fossil Fuel, Biofuel, and Solar Energy

Authors : Scott Kaplan, Charles Séguin, Karl W. Steininger, David Zilberman

Published in: Modeling, Dynamics, Optimization and Bioeconomics I

Publisher: Springer International Publishing

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Abstract

Cheap energy has been key to the modern economy. The use of electricity and the internal combustion engine have been crucial for current patterns of civilization, and reduction in availability or increases in the cost of energy have serious consequences for current activities of society. Concerns about climate change, depletion of fossil fuel, and exchange rates are causing societies to transition from fossil to renewable fuel. The transition is challenging both in terms of modeling and policy design. There is an emerging portfolio of alternative technologies, but the extent and order in which they will be introduced is uncertain and presents a major challenge.

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next chapter Optimal Localization of Firms in Hotelling Networks
Footnotes
1
Benefit function is concave in energy and the cost functions are convex.
 
2
Exact numbers are subject to debate—not to mention the controversy around indirect land use [34]. The numbers here are used for illustrative purposes.
 
3
See the analysis on technology transfer from public to private institutions in Heiman et al. [15].
 
4
The non-OPEC suppliers are treated by OPEC as a competitive fringe in a leading firm model.
 
5
This value is measured by net benefit that includes both economic and environmental gains, as the previous section suggests.
 
6
Biomass supplies about 52 gigawatts of global power generation capacity [33] while the world capacity for power generation is 4.3 terawatts [10].
 
7
There is increased solid waste in China, which is providing the benefit of renewable energy and waste disposal [7]
 
8
Sugarcane ethanol may reduce up to 80 % of the GHG emissions of conventional gasoline while corn ethanol may reduce up to 40 % of the GHG emissions of conventional gasoline.
 
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Metadata
Title
Dynamic Management of Fossil Fuel, Biofuel, and Solar Energy
Authors
Scott Kaplan
Charles Séguin
Karl W. Steininger
David Zilberman
Copyright Year
2014
Book
Modeling, Dynamics, Optimization and Bioeconomics I

Print ISBN: 978-3-319-04848-2

Electronic ISBN: 978-3-319-04849-9

Copyright Year: 2014

DOI
https://doi.org/10.1007/978-3-319-04849-9_1