Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Climate Policy 4 Location: B127 Session Chair: David Comerford, University of Strathclyde | |
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How Feasible is the Climate Transition? University of Strathclyde, United Kingdom Many renewable energy projects were cancelled after the Russian invasion of Ukraine, just as energy prices spiked, since their costs rose even faster than their potential revenues. What does this say about the transition to a fully renewable energy system? In Comerford & Spiganti (2025) we investigate adjustment frictions, whereas here I propose a long-run mechanism. With a booming global economy powered by fossil fuels, manufactured goods are plentiful, and economies of scale makes them cheap; when fossil fuels are withdrawn, the contraction in the global economy means productivity in manufacturing is much lower, making capital intensive renewables permanently unprofitable. | |