| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Uncertain R&D, Backstop Technology and GHGs Stabilization | |
| Valentina Bosetti; Massimo Tavoni | |
| 发表日期 | 2007 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper analyses optimal investments in innovation when dealing with a stringent climate target and with the uncertain effectiveness of R&D. The innovation needed to achieve the deep cut in emissions is modelled by a backstop carbon-free technology whose cost depends on R&D investments. To better represent the process of technological progress, we assume that R&D effectiveness is uncertain. By means of a simple analytical model, we show how accounting for the uncertainty that characterizes technological advancement yields higher investments in innovation and lower policy costs. We then confirm the results via a numerical analysis performed with a stochastic version of WITCH, an energy-economy-climate model. The results stress the importance of a correct specification of the technological change process in economy-climate models. *** Suggested citation: Valentina Bosetti, Massimo Tavoni, Uncertain R&D, backstop technology and GHGs stabilization, Energy Economics, Volume 31, Supplement 1, 2009, Pages S18-S26, ISSN 0140-9883, http://dx.doi.org/10.1016/j.eneco.2008.03.002 |
| 特色分类 | O32,Q54,Q55 |
| 关键词 | Climate Change,Information and Uncertainty,Environmental Policy,Optimal R&D Investments |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/uncertain-r-d-backstop-technology-and-ghgs-stabilization/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117426 |
| 推荐引用方式 GB/T 7714 | Valentina Bosetti,Massimo Tavoni. Uncertain R&D, Backstop Technology and GHGs Stabilization. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2007-006.pdf（420KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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