Technology innovation and diffusion in “less than ideal” climate policies: An assessment with the WITCH model
This paper examines the dynamics of innovation in low-carbon energy technologies distinguishing between research and development and technology diffusion as a response to alternative climate policies. We assess the implications of second-best policies that depart from the assumption of immediate and global participation and of full technology availability. The analysis highlights the heterogeneous effects of climate policy on different energy R&D programs and discusses the contribution of important determinants such as carbon price and policy stringency, policy credibility, policy and technological spillovers and absorptive capacity. Copyright Springer Science+Business Media B.V. 2012
Year of publication: |
2012
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Authors: | Cian, Enrica ; Bosetti, Valentina ; Tavoni, Massimo |
Published in: |
Climatic Change. - Springer. - Vol. 114.2012, 1, p. 121-143
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Publisher: |
Springer |
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