Arbeitspapier
Non-Cooperative and Cooperative Climate Policies with Anticipated Breakthrough Technology
Global warming can be curbed by pricing carbon emissions and thus substituting fossil fuel with renewable energy consumption. Breakthrough technologies (e.g., fusion energy) can reduce the cost of such policies. However, the chance of such a technology coming to market depends on investment. We model breakthroughs as an irreversible tipping point in a multi-country world, with different degrees of international cooperation. We show that international spill-over effects of R&D in carbon-free technologies lead to double free-riding, strategic over-pollution and underinvestment in green R&D, thus making climate change mitigation more difficult. We also show how the demand structure determines whether carbon pricing and R&D policies are substitutes or complements.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 6977
- Klassifikation
-
Wirtschaft
Externalities
Micro-Based Behavioral Economics: General‡
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Hydrocarbon Resources
Nonrenewable Resources and Conservation: Government Policy
Climate; Natural Disasters and Their Management; Global Warming
Environmental Economics: Government Policy
- Thema
-
climate policy with breakthrough technology
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Jaakkola, Niko
van der Ploeg, Rick
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Jaakkola, Niko
- van der Ploeg, Rick
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2018
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