External publications

Green shift to sustainability: co-benefits & impacts of energy transformation on resource industries, trade, growth, and taxes

Blumenschein, Fernando / Clara Brandi / Barry Carin / Renato Flores / Max Gruenig / Sebastian Helgenberger / R. Andreas Kraemer / Akshay Mathur / Hermann Ott / Rainer Quitzow / Joël Ruet / Thomas Spencer / Sonja Thielges / Scott Vaughan / Shelagh Whitley
External Publications (2017)

published on G20 Insights Platform April 25, 2017

Volltext/Document

Energy transformation towards 100% renewable energy is economically inevitable, and socially and environmentally desirable, yet it may produce negative signals in outdated statistics as fossil trade diminishes and the sector shrinks. This paradoxon should be addressed in a joint report by, e.g., IRENA, IMF, OECD, andthe World Bank, and the Task Force on Climate-Related Financial Disclosures.
Fossil fuel extraction and commodity trade will end, and fossil asset values erode. The industry’s role in capital formation, international trade, economic activity (GDP), and government revenue will decline. New energy systems, based on efficiency, renewables, storage, and smart management are cheaper to build, run and maintain. Growth of electricity use stimulates innovation, value creation, and growth in consumer rent, as renewable energy technologies harvest free environmental flows that are not traded and often for self-consumption. Total utility will grow while trade, GDP and the tax base may shrink. Reports should inform G20 Leaders, Ministers of Finance and Central Bank Governors on the true costs and benefits, and alert them to misleading signals.


Further IDOS experts

Aleksandrova, Mariya

Climate risk governance 

Berger, Axel

Political Science 

Dippel, Beatrice

Comparatist 

Donnelly, Aiveen

Politcal Science 

Ekoh, Susan S.

Environmental Research 

Gitt, Florian

Economics 

Goedeking, Nicholas

Comparative Political Economy 

Kornher, Lukas

Economics 

Lehmann, Ina

Political Science 

Mathis, Okka Lou

Political Scientist 

Never, Babette

Political Scientist 

Pegels, Anna

Economist 

Srigiri, Srinivasa Reddy

Agricultural Economist 

Vogel, Tim

Economy 

Contact

Cornelia Hornschild
Publication Coordinator

E-mail Cornelia.Hornschild@idos-research.de
Phone +49 (0)228 94927-135
Fax +49 (0)228 94927-130

Alexandra Fante
Librarian/ Open Access Coordinator

E-Mail Alexandra.Fante@idos-research.de
Telefon +49 (0)228 94927-321
Fax +49 (0)228 94927-130