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http://hdl.handle.net/10419/43562
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| Title: | | The optimal climate policy portfolio when knowledge spills across sectors  |
| Authors: | | Massetti, Emanuele Nicita, Lea |
| Issue Date: | | 2010 |
| Series/Report no.: | | Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 2010,96 |
| Abstract: | | This paper studies the implications for climate policy of the interactions between environmental and knowledge externalities. Using a numerical analysis performed with the hybrid integrated assessment model WITCH, extended to include mutual spillovers between the energy and the non-energy sector, we show that the combination between environmental and knowledge externalities provides a strong rationale for implementing a portfolio of policies for both emissions reduction and the internalisation of knowledge externalities. Moreover, we show that implementing technology policy as a substitute for stabilisation policy is likely to increase global emissions. |
| Subjects: | | Technical Change Climate Change Development Innovation Spillovers |
| JEL: | | C72 H23 Q25 Q28 O31 O41 Q54 |
| Document Type: | | Working Paper |
| Appears in Collections: | | FEEM Working Papers, Fondazione Eni Enrico Mattei
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