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来源类型 | FEEM working papers "Note di lavoro" series |
规范类型 | 论文 |
Directed Technical Change With Capital-Embodied Technologies: Implications For Climate Policy | |
James A. Lennox; Jan Witajewski | |
发表日期 | 2014 |
出处 | Climate Change and Sustainable Development |
出版年 | 2014 |
语种 | 英语 |
摘要 | We develop a theoretical model of directed technical change in which clean (zero emissions) and dirty (emissions-intensive) technologies are embodied in long-lived capital. We show how obsolescence costs generated by technological embodiment create inertia in a transition to clean growth. Optimal policies involve higher and longer-lasting clean R&D subsidies than when technologies are disembodied. From a low level, emissions taxes are initially increased rapidly, so they are higher in the long run. There is more warming. Introducing spillovers from an exogenous technological frontier representing non-energy-intensive technologies reduces mitigation costs. Optimal taxes and subsidies are lower and there is less warming. *** Suggested citation: James A. Lennox, Jan Witajewski-Baltvilks, Directed Technical Change with Capital-Embodied Technologies: Implications for Climate Policy, Energy Economics, Available online 23 August 2017, ISSN 0140-9883, https://doi.org/10.1016/j.eneco.2017.08.005. |
特色分类 | O33;O44;Q54;Q55;Q58 |
关键词 | Climate Change Mitigation Directed Technical Change Capital-Embodiment Investment-Specific Technological Change Obsolescence |
URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/directed-technical-change-with-capital-embodied-technologies-implications-for-climate-policy/ |
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/118315 |
推荐引用方式 GB/T 7714 | James A. Lennox,Jan Witajewski. Directed Technical Change With Capital-Embodied Technologies: Implications For Climate Policy. 2014. |
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 | ||
2014827106481Nota_di(71KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
2014827106594NDL2014(1975KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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