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Title:Environmetal and technology externalities: Policy and investment implications PDF Logo
Authors:Kolev, Atanas
Riess, Armin
Issue Date:2007
Citation:[Journal:] EIB Papers [ISSN:] 0257-7755 [Volume:] 12 [Year:] 2007 [Issue:] 2 [Pages:] 134-162
Abstract:Recognising that environmental and technology externalities affect the development of renewable energy technologies, this paper illustrates how environmental policies induce technological change and how market failures that hinder technological progress weaken the impact of environmental policies on technological change; examines the rationale for and type of policies in support of renewables at an early stage of their commercialisation; analyses to what extent so-called experience curves enlighten the debate on the rationale of such policies; and - assuming that early-stage renewables cannot establish themselves in the market - develops a method for assessing the economics of renewable energy projects based on new technologies.
Document Type:Article
Appears in Collections:EIB Papers, European Investment Bank (EIB)

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