The transition from a fossil-fuel economy to a knowledge economy

Roger Fouquet; Ralph Hippe

Handbook on Green Growth

Edited by Roger Fouquet

Economies around the world have arrived at a critical juncture: to continue to grow fuelled by fossil fuels and exacerbate climate change, or to move towards more sustainable, greener, growth. Choosing the latter is shown to help address climate change, as well as present new economic opportunities. This Handbook provides a deeper understanding of the concept of green growth, and highlights key lessons from the experience of green transformations across the world following a decade of ambitious stimulus packages and green reforms.

Handbook

Published in print:: 26 Jul 2019

ISBN:: 9781788110679

eISBN:: 9781788110686

DOI:: https://doi.org/10.4337/9781788110686

Pages:: c 528

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Chapter 21: The transition from a fossil-fuel economy to a knowledge economy

Roger Fouquet and Ralph Hippe

Handbook Chapter

Published:: 26 July 2019

Category:: Handbook Chapter

DOI:: https://doi.org/10.4337/9781788110686.00031

Pages:: 473–500 (28 total)

Collection: Economics 2019

Abstract

The purpose of this chapter is to show that economic growth in history was driven by the development of energy markets (and boosted by energy transitions), particularly between the eighteenth century and 1973, and by the development of information, human capital and knowledge (and related transitions), which has also been underway for a long time but is becoming more dominant today. Thus, there has been a very long-run shift from energy resources to knowledge as a fundamental driver of economic growth.

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