Energy and the Environment: Policy Options and Alternatives. A Story of Trade Offs

20 Pages Posted: 6 Nov 2019

See all articles by Francesco Paolo Mongelli

Francesco Paolo Mongelli

European Central Bank (ECB); Goethe University Frankfurt

Date Written: June 18, 2009

Abstract

Even in the midst of a global economic and financial crisis, we must not lose sight of two other crises. The first is the concern that rapidly escalating and volatile prices of energy obtained from fossil fuels – i.e., principally from oil, gas and coal – may reappear once the world returns to potential growth. The second crisis is represented by the gradual depletion of natural resources and progressive increase in greenhouse gases (GHGs) in the atmosphere due to human activity. The latter is a slow moving process that, according to increasing scientific research, is contributing to global warming. The potential for economic damage – if the upward trend in GHGs is not slowed down, or even reverted, is substantial. Energy production and consumption is among the main sources of greenhouse gases and hence global warming.

Keywords: climate chane, environment, energy, tradeoff

JEL Classification: D99, Q40, Q50

Suggested Citation

Mongelli, Francesco Paolo, Energy and the Environment: Policy Options and Alternatives. A Story of Trade Offs (June 18, 2009). Available at SSRN: https://ssrn.com/abstract=3471847 or http://dx.doi.org/10.2139/ssrn.3471847

Francesco Paolo Mongelli (Contact Author)

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Goethe University Frankfurt ( email )

Grüneburgplatz 1
Frankfurt am Main, 60323
Germany

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