Feasibility and Economic Impacts of the Energy Transition

There is currently no consensus regarding whether or not renewable energies are capable of supplying all our energy needs in the near future. To shed new light on this controversy, paper develops a methodology articulating macroeconomic model with two sectors (energy and non-energy) an that able to calculate maximum potentials solar wind energy. The results show that, business-as-usual context, complete transition global scale unachievable before end century. reason lies increasing capital sector, which slows, if stops, economic growth transition. A can be achieved by 2070 provided (i) demand kept under control at its current level, (ii) sufficient rate sustained (above historical level), (iii) substantial progress made terms efficiency. However, strategy requires significant increase savings rate, negative impact consumption, ends up stagnating