{"id":19299,"date":"2016-07-11T12:59:44","date_gmt":"2016-07-11T11:59:44","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&p=19299"},"modified":"2024-08-19T14:28:27","modified_gmt":"2024-08-19T13:28:27","slug":"path-dependence-in-energy-systems-and-economic-development","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/path-dependence-in-energy-systems-and-economic-development\/","title":{"rendered":"Path dependence in energy systems and economic development"},"content":{"rendered":"\n

Energy systems are subject to strong and long-lived path dependence, owing to technological, infrastructural, institutional and behavioural lock-ins. Yet, with the prospect of providing accessible cheap energy to stimulate economic development and reduce poverty, governments often invest in large engineering projects and subsidy policies. Here, I argue that while these may achieve their objectives, they risk locking their economies onto energy-intensive pathways. Thus, particularly when economies are industrializing, and their energy systems are being transformed and are not yet fully locked-in, policymakers should take care before directing their economies onto energy-intensive pathways that are likely to be detrimental to their long-run prosperity.<\/p>\n

Fouquet, Roger<\/span> (2016). In: Nature Energy<\/em>, 1 . p. 16098. ISSN 2058-7546<\/strong><\/p>\n\n","protected":false},"excerpt":{"rendered":"\n

Energy systems are subject to strong and long-lived path dependence, owing to technological, infrastructural, institutional and behavioural lock-ins. 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