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Innovation Market Failures and the Design of New Climate Policy Instruments

Armitage, Sarah C.; Bakhtian, Noël; Jaffe, Adam B. - National Bureau of Economic Research - 2023

externalities but also by innovation market failures. This paper maps the economics literature on innovation market failures and …

Persistent link: https://www.econbiz.de/10014337854

Environmental Economics, Regulation, and Innovation

Greaker, Mads; Popp, David - National Bureau of Economic Research - 2022

This paper provides a primer on the economics of environmental innovation. Our intention is not to write a pure review … both emissions and of emissions abatement. We then analyze theoretically how innovation may affect marginal abatement costs …. We also cover the different modelling choices with respect to how the innovation process is represented mathematically …

Persistent link: https://www.econbiz.de/10013388770

Do Technology Standards Induce Innovation in Environmental Technologies When Coordination is Important?

Gregoire-Zawilski, Myria; Popp, David - National Bureau of Economic Research - 2023

If further decarbonization of electricity systems is to continue, a next generation of innovation in transformative … determinants of innovation in this sector to glean insights on how government may support the development and deployment of these … technologies. We argue that policies that were successful at supporting the first wave of renewables innovation may not be …

Persistent link: https://www.econbiz.de/10013537766

The Gas Trap : Outcompeting Coal vs. Renewables

Harstad, Bård; Holtsmark, Katinka - National Bureau of Economic Research - 2024

We analyze a fundamental dilemma and time-inconsistency problem facing a climate coalition producing natural gas. In the short term, it is tempting to export more to outcompete coal. When this policy is anticipated, however, investments in renewables fall and emissions ultimately increase. When...

Persistent link: https://www.econbiz.de/10014635681

Rate-Based Emissions Trading with Overlapping Policies : Insights from Theory and an Application to China

Fischer, Carolyn; Qu, Chenfei; Goulder, Lawrence H. - National Bureau of Economic Research - 2024

Jurisdictions employing emissions trading systems (ETSs) to control emissions often utilize other environmental or energy policies as well, including policies to support renewable energy and reduce energy consumption. Interactions with these other policies lead to different outcomes from what...

Persistent link: https://www.econbiz.de/10015145154

Does Environmental Policy Uncertainty Hinder Investments Towards a Low-Carbon Economy?

Noailly, Joëlle; Nowzohour, Laura; Heuvel, Matthias van den - National Bureau of Economic Research - 2022

We use machine learning algorithms to construct a novel news-based index of US environmental and climate policy uncertainty (EnvPU) available on a monthly basis over the 1990-2019 period. We find that our EnvPU index spikes during the environmental spending disputes of the 1995-1996 government...

Persistent link: https://www.econbiz.de/10013362015

How Big is the "Biggest Climate Spending Bill Ever?" Key Factors Influencing the Inflation Reduction Act's Clean Energy Impacts

Aldy, Joseph E. - National Bureau of Economic Research - 2024

, the innovation responding to IRA incentives, and the energy networks in which IRA-supported investments operate to …

Persistent link: https://www.econbiz.de/10015094934

Carbon Pricing, Clean Electricity Standards, and Clean Electricity Subsidies on the Path to Zero Emissions

Borenstein, Severin; Kellogg, Ryan - National Bureau of Economic Research - 2022

We categorize the primary incentive-based mechanisms under consideration for addressing greenhouse gas emissions from electricity generation--pricing carbon, setting intensity standards, and subsidizing clean energy--and compare their market outcomes under similar expansions of clean electricity...

Persistent link: https://www.econbiz.de/10013334480

Fighting Climate Change : International Attitudes Toward Climate Policies

Dechezleprêtre, Antoine; Fabre, Adrien; Kruse, Tobias; … - National Bureau of Economic Research - 2022

Using new surveys on more than 40,000 respondents in twenty countries that account for 72% of global CO2 emissions, we study the understanding of and attitudes toward climate change and climate policies. We show that, across countries, support for climate policies hinges on three key perceptions...

Persistent link: https://www.econbiz.de/10013334482

The Impact of the Clean Air Act on Particulate Matter in the 1970s

Cropper, Maureen L.; Muller, Nicholas Z.; Park, Yongjoon; … - National Bureau of Economic Research - 2022

We examine whether counties designated as out of attainment with the NAAQS under the 1970 CAA experienced larger reductions in TSP during the 1970s than attainment counties. We answer this question using the official designation of nonattainment status which, between 1972 and 1978, was by Air...

Persistent link: https://www.econbiz.de/10013334529