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We develop a theoretical model of directed technical change in which clean (zero emissions) and dirty (emissions-intensive) technologies are embodied in long-lived capital. We show how obsolescence costs generated by technological embodiment create inertia in a transition to clean growth....
Persistent link: https://www.econbiz.de/10013048403
We show that a technological breakthrough that reduces CO2 emissions per output can exacerbate the climate change problem: countries may respond by raising their emissions resulting in an increase of the stock of pollution that may reduce welfare. Using parameter values based on empirical...
Persistent link: https://www.econbiz.de/10014186291
China has realized that for its own sake and from the international community's perspective, it cannot afford to continue along the conventional path of encouraging economic growth at the expense of the environment. Accordingly, the country has placed ecological goals at the same level of...
Persistent link: https://www.econbiz.de/10013001043
China, from its own perspective cannot afford to, and from an international perspective, is not allowed to continue on the conventional path of encouraging economic growth at the expense of the environment. The country needs to transform its economy to effectively address concern about a range...
Persistent link: https://www.econbiz.de/10014045063
Policies aimed at reducing emissions from fossil fuels may increase climate damages. This 'Green Paradox' emerges if resource owners increase near-term extraction in fear of stricter future policy measures. Hans-Werner Sinn (2008) showed that the paradox occurs when increasing resource taxes are...
Persistent link: https://www.econbiz.de/10014041180
We investigate the effectiveness of policies in favor of innovation in renewable energy under different levels of … green innovation in countries with deregulated energy markets. We also find that public support for renewable energy is …
Persistent link: https://www.econbiz.de/10013064859
A major concern regarding innovation in clean technologies in the EU is that the fragmentation of its innovation system … hindering the movement towards the technological frontier. This paper evaluates the fragmentation of the EU innovation system in … integration of EU countries' innovation efforts and to assess how citation patterns changed over time. We show that EU RES …
Persistent link: https://www.econbiz.de/10012935118
This paper analyzes the effect of environmental policies on the direction of energy innovation across countries over … second regime, market-based policies are moderately effective in promoting renewable innovation, while command …-and-control policies depress fossil based innovation. Finally, market-based policies are more effective to consolidate a green comparative …
Persistent link: https://www.econbiz.de/10014115284
In creating a level playing field that facilitates the deployment of renewable energy technology (RET), the traditional energy policy regime based on eliminating RET's cost gaps versus fossil energy technology (FET) may be not sufficient. Building on an economic model of energy technology...
Persistent link: https://www.econbiz.de/10013016440
China’s rampant environmental pollution problems and rising greenhouse gas emissions and the resulting climate change are undermining its long-term economic growth. China, from its own perspective cannot afford to and, from an international perspective, is not meant to continue on the...
Persistent link: https://www.econbiz.de/10014151498