dc.contributor.author |
Fischer, C |
|
dc.contributor.author |
Newell, RG |
|
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.publisher |
Elsevier BV |
|
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 |
|
duke.contributor.id |
Newell, RG|0418590 |
|
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 |
|