CORDIS Project
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This research explores the concept of Green Paradoxes, where climate policies unintentionally accelerate fossil fuel extraction. It aims to develop comprehensive policy recommendations that consider both supply and demand in fossil fuel markets, addressing economic and environmental sustainability.
Green Paradoxes are defined as the phenomenon that climate change policies can have counterproductive effects.
For example, a subsidy on clean energy from renewable resources (solar, wind) will decrease the price at which this energy is supplied.
But if the price still exceeds the cost of fossil fuel extraction and given that available stocks will be depleted, the price decrease will speed up the extraction from non-renewable resources, such as oil, that cause CO2 emissions.
Hence, instead of de…
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