Cover, Thomas, Greenstone Michael, Knittel Christopher R.
Titre Ouvrage:Will We Ever Stop Using Fossil Fuels?
Édition:The Journal of Economic Perspectives, Volume 30, Number 1
The historical record indicates that the supply of fossil fuels has consistently increased over time and that their relative price advantage over low-carbon energy sources has not declined substantially over time. Without robust efforts to correct the market failures around greenhouse gases, relying on supply and/or demand forces to limit greenhouse gas emissions is relying heavily on hope.