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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
Integrated assessment models (IAMs) provide key inputs to decision-makers on economically efficient climate policies, and technical change is one of the key assumptions in any IAM that estimates mitigation costs. We conduct a systematic survey of how technical change is currently represented in...
Persistent link: https://www.econbiz.de/10014515010
technologies for the power sector. With imperfect climate policies, cost reductions related to carbon capture and storage (CCS) may … "green paradox"), whereas CCS cost reductions make fossil resources more attractive for future use and lead to postponement …
Persistent link: https://www.econbiz.de/10008806063
technologies for the power sector. With imperfect climate policies, cost reductions related to carbon capture and storage (CCS) may … paradox'), whereas CCS cost reductions make fossil resources more attractive for future use and lead to postponement of …
Persistent link: https://www.econbiz.de/10008758772
technologies for the power sector. With imperfect climate policies, cost reductions related to carbon capture and storage (CCS) may … ‘green paradox'), whereas CCS cost reductions make fossil resources more attractive for future use and lead to postponement …
Persistent link: https://www.econbiz.de/10013038364
Carbon capture and storage (CCS) seems an appealing option to meet the ambitious objectives of the Paris Agreement … study a dynamic model of CCS and CCU of an economy subject to a carbon budget. We demonstrate that if the social planner …, if CCS occurs in the social optimum, this happens only once the carbon budget has been depleted. We show that the …
Persistent link: https://www.econbiz.de/10013274262
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/10010403517
In building a governance regime to address climate change, should we prioritize the development of global institutions or national ones? This paper adds insight to the issue of how much international coordination on climate governance is optimal by focusing on two neglected characteristics of...
Persistent link: https://www.econbiz.de/10013039106
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
Persistent link: https://www.econbiz.de/10011602786