Global boundaries for sustainable growth


Project leader


Funding source

Swedish Research Council - Vetenskapsrådet (VR)


Project Details

Start date: 01/11/2016
End date: 31/12/2018
Funding: 5010000 SEK


Description




The physical resources available to mankind are limited by “global boundaries”. The need to phase out fossil fuel is now on the agenda but is in principle just one of many potential limits the world community has to operate within.

Research in the area has so far been dominated by natural scientists. Macroeconomists, on the other hand, have so far not been very active in this field. However, many important issues can be addressed by modern macroeconomic tools combined with knowledge from natural science. Examples are: What limits do the global boundaries imply for economic growth and how should macroeconomic policy – global and national – aimed at allowing sustainable use of the limited resources be conducted? Recent developments in the area of directed technical change and growth will allow us to build models that can give quantitative answers to these questions. We have in close cooperation with leading researchers at the department of meteorology at Stockholm University developed cross-disciplinary knowledge that will be of key use in the project.

In the beginning of the project, we will focus on fossil fuel and other energy sources. Later, we will identify other key global boundaries from a list of potential ones including other forms of energy than fossil, water, different minerals and agricultural land. The final year will be used to use the model to make conditional forecasts and, in particular, derive policy recommendations for global and regional leaders.





Last updated on 2017-04-10 at 12:35