Title
Views on peak oil and its relation to climate change policy Views on peak oil and its relation to climate change policy
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Guildford ,
Subject
Economics
Source (journal)
Energy policy. - Guildford, 1973, currens
Volume/pages
(2010) :38 , p. 5572-5581
ISSN
0301-4215
1873-6777
ISI
000282240100028
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
Definitionsoffossilfuelreservesandresourcesandassessedstockdataarereviewedandclarified. semanticsexplainalargestakeofconflictbetweenadvocateandcriticalvoicesonpeakoil.Froma holisticsourcessinksperspective,limitedcarryingcapacityofatmosphericsinks,notabsolutescarcity in oilresources,willimposetightconstraintsonoiluse.Eventuallyobservedpeaksinoilproductionin nearbyyearswillresultfrompoliticallyimposedlimitsoncarbonemissions,andnotbecausedby physicallackofoilresources.Peak-oilbeliefinducespassiveclimatepolicyattitudeswhensuggesting carbondioxideemissionswillpeaknaturallylinkedtodwindlingoilsupplies.Activepoliciesfor reducingemissionsanduseoffossilfuelswillalsoencompasshigherenergyend-useprices.Revenues obtainedfromhigherleviesonoilusecansupportfinancingenergyefficiencyandrenewableenergy options.Butwhenoilproducerschargethehigherpricestheycanpumpnewoilformanydecades, postponingpeakoiltooccurwhileextendingcarbonlock-in.
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