This paper studies how innovation reacts to climate change and shapes its economic impacts, focusing on US agriculture …. We show in a model that directed innovation can either mitigate or exacerbate climate change's economic damage depending …. We first find that innovation has re-directed toward crops with increasing extreme-temperature exposure and show that …

politically acceptable cost. Substantial technological innovation is required if the nations of the world are to come anywhere … technologies nor traditional command-and-control regulations are likely to spur sufficient innovation. Technology inducement prizes …, on the other hand, have the potential to incentivize and accelerate the rate of technological innovation in the energy …

, this article proposes a new paradigm based on domestic innovation, international aid and international technology …