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The green transition towards a carbon neutral economy constitutes a technological transformation, in which firms need to invest in new, clean technologies. In order to be operated, these new technologies often require a set of technology-specific skills that differ from those that were relevant...
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We explore how optimal emission abatement trajectories are affected by dynamic characteristics of greenhouse-gas emitting systems, such as inertia, induced innovation, and pathdependency, by formulating a compact and analytically tractable model with stylized damage assumptions to derive the...
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