Dynamic Management of Fossil Fuel, Biofuel, and Solar Energy

  • Scott Kaplan
  • Charles Séguin
  • Karl W. Steininger
  • David Zilberman
Conference paper

DOI: 10.1007/978-3-319-04849-9_1

Volume 73 of the book series Springer Proceedings in Mathematics & Statistics (PROMS)
Cite this paper as:
Kaplan S., Séguin C., Steininger K.W., Zilberman D. (2014) Dynamic Management of Fossil Fuel, Biofuel, and Solar Energy. In: Pinto A., Zilberman D. (eds) Modeling, Dynamics, Optimization and Bioeconomics I. Springer Proceedings in Mathematics & Statistics, vol 73. Springer, Cham

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.

Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  • Scott Kaplan
    • 1
  • Charles Séguin
    • 2
  • Karl W. Steininger
    • 3
  • David Zilberman
    • 1
  1. 1.Department of Agricultural and Resource Economics at the University of CaliforniaBerkeleyUSA
  2. 2.Department of EconomicsUniversity of Quebec in Montreal (UQAM)MontrealCanada
  3. 3.Department of Economics and Wegener Center for Climate and Global ChangeUniversity of GrazGrazAustria