| Publication |
2012.
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| Summary/Abstract |
Since the availability of cheap and suitable energy underpins in many ways both developed and developing economies, it is crucial that national economies are prepared for potential energy shocks. Shocks may arise from physical constraints, such as a peak in the national and global production rate of oil, or from institutional constraints, such as economic incentives to reduce greenhouse gas emissions. This article reviews the potential and implications of alternative energy technologies intended to avoid or alleviate such shocks. It is suggested that system-wide analysis is required to properly assess all alternatives.
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