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The Green Lantern in the Energy Sector?

Volt, Jonathan LU (2013) NEKH01 20131
Department of Economics
Abstract
During the last decade, several influential organizations have emphasized the
importance of green investments. Furthermore, many advocators have claimed
that green investments would be beneficial both for the labor market but also for the economy. These statements are both misleading and hazardous since they
provide a biased picture of the reality. There is no doubt that our societies need to turn more environmental friendly or “green”. However, this shift will not be costless. This thesis compares the cost effectiveness in Danish subsidies to the wind sector with investments in the oil sector. This is analyzed using economic theories such as opportunity cost and externality. The Porter Hypothesis, which argues that green regulations... (More)
During the last decade, several influential organizations have emphasized the
importance of green investments. Furthermore, many advocators have claimed
that green investments would be beneficial both for the labor market but also for the economy. These statements are both misleading and hazardous since they
provide a biased picture of the reality. There is no doubt that our societies need to turn more environmental friendly or “green”. However, this shift will not be costless. This thesis compares the cost effectiveness in Danish subsidies to the wind sector with investments in the oil sector. This is analyzed using economic theories such as opportunity cost and externality. The Porter Hypothesis, which argues that green regulations and subsidies leads to investments and a stronger economy, is also applied and tested. The results illustrate that green subsidies leads to more investments but unlikely to an improved economy. Furthermore, it is concluded that Danish investments in wind power are cost ineffective and that green jobs are relatively ineffective. Additionally the results show that, with a climate change adjusted cost for oil, the oil sector still remains more cost effective. This thesis argues that we need to turn our economy green but we must be willing to pay for it. (Less)
Please use this url to cite or link to this publication:
author
Volt, Jonathan LU
supervisor
organization
alternative title
No, a Green Transformation will not come for Free
course
NEKH01 20131
year
type
M2 - Bachelor Degree
subject
keywords
Green Investments, Green Jobs, Green Economy, Opportunity Cost, Externality, The Porter Hypothesis and Wind Power
language
English
id
3807984
date added to LUP
2013-06-20 11:29:56
date last changed
2013-06-20 11:29:56
@misc{3807984,
  abstract     = {During the last decade, several influential organizations have emphasized the
importance of green investments. Furthermore, many advocators have claimed
that green investments would be beneficial both for the labor market but also for the economy. These statements are both misleading and hazardous since they
provide a biased picture of the reality. There is no doubt that our societies need to turn more environmental friendly or “green”. However, this shift will not be costless. This thesis compares the cost effectiveness in Danish subsidies to the wind sector with investments in the oil sector. This is analyzed using economic theories such as opportunity cost and externality. The Porter Hypothesis, which argues that green regulations and subsidies leads to investments and a stronger economy, is also applied and tested. The results illustrate that green subsidies leads to more investments but unlikely to an improved economy. Furthermore, it is concluded that Danish investments in wind power are cost ineffective and that green jobs are relatively ineffective. Additionally the results show that, with a climate change adjusted cost for oil, the oil sector still remains more cost effective. This thesis argues that we need to turn our economy green but we must be willing to pay for it.},
  author       = {Volt, Jonathan},
  keyword      = {Green Investments,Green Jobs,Green Economy,Opportunity Cost,Externality,The Porter Hypothesis and Wind Power},
  language     = {eng},
  note         = {Student Paper},
  title        = {The Green Lantern in the Energy Sector?},
  year         = {2013},
}