decrease in electricity consumption and a 6-percent decrease in natural-gas consumption. The pattern of savings is consistent …

It follows from Hicks' induced innovation hypothesis that rising energy prices in the last two decades should have … induced energy-saving innovation. We formulate the hypothesis concretely using a product-characteristics model of energy … innovation. Through estimation of characteristics transformation surfaces, we find that technological change reduced the total …

numerical implementation shows that innovation is critical for climate change policy. A policymaker uses a U-shaped emission tax … trajectory so as to immediately transition innovation away from the fossil sector, wait for clean technology to improve, and then …

Energy efficiency improvements "rebound" when economic responses undercut their direct energy savings. I show that … of 28%. General equilibrium channels increase those savings by 19%; however, they reduce the savings from improving the …

The history of innovation in the chemical industry offers many insights for accelerating energy innovation. In this … chapter, we begin by laying out the early history of the chemical industry for an overview of the role innovation has played … coal to oil, and briefly analyze two government programs that have attempted to promote innovation: synthetic rubber and …

existing knowledge have strongly significant positive effects on innovation. Furthermore, I show that omitting the quality of …

for credibly estimating the net present value of energy cost savings and often leaves other benefits and costs unmeasured …