Technological progress and climate change
Technological progress can reduce the energy required to achieve the same ends, reducing the use of fossil fuels and the greenhouse gases associated with burning fossil fuels. But technological progress can also make production, consumption, and travel cheaper, stimulating demand and consequently increasing greenhouse gas emissions. Sai Liang and colleagues sought to explore this conundrum by building an environmentally extended general equilibrium model with heterogeneous agent and input-output network covering 141 nations and 65 sectors, ...












