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, Winter
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.