, if the country which unilaterally reduces her emission permits is a net creditor to the world economy, her own welfare …

policy if the world economy is dynamically efficient. From the perspective of a net foreign debtor country that has withdrawn … international policy coordination unless the world economy becomes dynamically inefficient …

banking on carbon emissions, technological progress, and optimal investment decisions is quantified and the incentives that … banking provides to accelerate technological innovation and diffusion are also discussed. Among the many results, we show that …

This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can … innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies … technical progress in the energy sector. We evaluate a range of innovation policies, both as a stand-alone instrument and in …