Data/hora: 11/06/2024 04:19:04

Provedor de dados: | 31
País: | United States
Título: | Environmental and Technology Policies for Climate Change and Renewable Energy
Autores: | Fischer,   Carolyn; Newell,   Richard G.
Data: | 2005-10-26
Ano: | 2005
Palavras-chave: | Environment; Technology; Policy instruments; Climate change; Renewable energy; Environmental Economics and Policy; Q21; Q28; Q48; O38.
Resumo: | We assess different policies for reducing carbon dioxide (CO2) emissions and promoting the innovation and diffusion of CO2-reducing power technologies: (1) emissions price, (2) tax on fossil power, (3) tradable emissions performance standard, (4) market share requirement for renewables, (5) renewables production subsidy, and (6) R&amp;D subsidy for renewables. We evaluate the relative performance of the policies according to incentives they provide along different avenues for emissions reduction, their efficiency, and other salient outcomes. We also assess how the nature of technological progress-whether it occurs by learning by doing or R&amp;D investment and the degree of knowledge spillovers -affects the desirability of different policies. In a numerical application for modest U.S. electricity sector policies, the relative cost of the policies in achieving reductions is roughly in the order given above, with an emissions price being the most cost-effective, an R&amp;D subsidy the least, and the others in between.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

18711

http://purl.umn.edu/10789

Editor: | AgEcon Search

Relação:

Resources for the Future&gt;Discussion Papers

Discussion Paper 04-05

Formato:

42

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