Show simple item record

Environmental and technology policies for climate mitigation

dc.contributor.author Fischer, Carolyn
dc.contributor.author Newell, Richard G
dc.date.accessioned 2013-04-18T16:20:21Z
dc.date.issued 2008-03-01
dc.identifier.issn 0095-0696
dc.identifier.uri https://hdl.handle.net/10161/6623
dc.description.abstract We assess different policies for reducing carbon dioxide emissions and promoting innovation and diffusion of renewable energy. We evaluate the relative performance of policies according to incentives provided for emissions reduction, efficiency, and other outcomes. We also assess how the nature of technological progress through learning and research and development (R&D), and the degree of knowledge spillovers, affects the desirability of different policies. Due to knowledge spillovers, optimal policy involves a portfolio of different instruments targeted at emissions, learning, and R&D. Although the relative cost of individual policies in achieving reductions depends on parameter values and the emissions target, in a numerical application to the U.S. electricity sector, the ranking is roughly as follows: (1) emissions price, (2) emissions performance standard, (3) fossil power tax, (4) renewables share requirement, (5) renewables subsidy, and (6) R&D subsidy. Nonetheless, an optimal portfolio of policies achieves emissions reductions at a significantly lower cost than any single policy. © 2007 Elsevier Inc. All rights reserved.
dc.relation.ispartof Journal of Environmental Economics and Management
dc.relation.isversionof 10.1016/j.jeem.2007.11.001
dc.title Environmental and technology policies for climate mitigation
dc.type Journal article
pubs.begin-page 142
pubs.end-page 162
pubs.issue 2
pubs.organisational-group Duke
pubs.organisational-group Economics
pubs.organisational-group Environmental Sciences and Policy
pubs.organisational-group Nicholas School of the Environment
pubs.organisational-group Trinity College of Arts & Sciences
pubs.publication-status Published
pubs.volume 55
dc.identifier.eissn 1096-0449


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record