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Incentives for environmental R&D
Greaker, Mads; Hoel, Michael - 2011
Since governments can influence the demand for a new abatement technology through their environmental policy, they may be able to expropriate innovations in new abatement technology ex post. This suggests that incentives for environmental R&D may be lower than the incentives for market goods...
Persistent link: https://www.econbiz.de/10010274844
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The cost of environmental policy under induced technical change
Smulders, Sjak; Di Maria, Corrado - 2012
. The second issue is whether environmental policy increases or decreases total investment and innovation. Even when … rate of innovation, which crowds out production and consumption, and thus makes environmental policy more costly. Finally …
Persistent link: https://www.econbiz.de/10010283615
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Learning abatement costs: On the dynamics of optimal regulation of experience goods
Hintermann, Beat; Lange, Andreas - 2012
We study the introduction of new technologies when their costs are subject to idiosyncratic uncertainty and can only be fully learned through individual experience. We set up a dynamic model of clean experience goods that replace old polluting consumption options and show how optimal regulation...
Persistent link: https://www.econbiz.de/10010291530
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Screening Green Innovation Through Carbon Pricing
Ahlvik, Lassi; den Bijgaart, Inge van - 2022
Green innovation is essential for climate change mitigation, but not all innovative projects deliver equal social value …. We consider innovator heterogeneity in a model where the policy maker cannot observe innovation quality and directly … subsidize the socially most valuable green innovations. We find that carbon pricing works as an innovation screening device …
Persistent link: https://www.econbiz.de/10014077003
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Energy Efficiency and Directed Technical Change : Implications for Climate Change Mitigation
Casey, Gregory - 2022
I build a quantitative model of economic growth that can be used to evaluate the impact of environmental policy interventions on final-use energy consumption, an important driver of carbon emissions. In the model, energy demand is driven by directed technical change. Energy supply is subject to...
Persistent link: https://www.econbiz.de/10013300865
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Optimal Climate Policy As If the Transition Matters
Campiglio, Emanuele; Dietz, Simon; Venmans, Frank - 2022
The optimal transition to a low-carbon economy must account for adjustment costs in switching from dirty to clean capital, technological progress, and economic and climatic shocks. We study the low-carbon transition using a dynamic stochastic general equilibrium model with emissions abatement...
Persistent link: https://www.econbiz.de/10014264872
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Environmental policy design and the fragmentation of international markets for innovation
Johnstone, Nick; Hascic, Ivan - 2009
environmentally-related taxes and tradable permits is likely to lead to greater technological innovation than more direct forms of … database of patent applications from a cross-section of countries evidence is provided for the positive effect of flexibility … aspects of product and labour market regulation which have implications for technological innovation, such as product and …
Persistent link: https://www.econbiz.de/10010266020
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International cooperation on climate-friendly technologies
Golombek, Rolf; Hoel, Michael - 2009
We examine international cooperation on technological development as a supplement to, or an alternative to, international cooperation on emission reductions. R&D should be increased beyond the non-cooperative level if (i) the technology level in one country is positively affected by R&D in other...
Persistent link: https://www.econbiz.de/10010274291
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The optimal climate policy portfolio when knowledge spills across sectors
Massetti, Emanuele; Nicita, Lea - 2010
This paper studies the implications for climate policy of the interactions between environmental and knowledge externalities. Using a numerical analysis performed with the hybrid integrated assessment model WITCH, extended to include mutual spillovers between the energy and the non-energy...
Persistent link: https://www.econbiz.de/10010270521
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Environmental policy and the macroeconomy under shallow-lake dynamics
Heijdra, Ben J.; Heijnen, Pim - 2009
ecological equilibrium is hysteretic and a suitably designed temporary abatement policy can be used to steer the environment from …
Persistent link: https://www.econbiz.de/10010274231