Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/53394 
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dc.contributor.authorBosetti, Valentinaen
dc.contributor.authorCarraro, Carloen
dc.contributor.authorDuval, Romainen
dc.contributor.authorSgobbi, Alessandraen
dc.contributor.authorTavoni, Massimoen
dc.date.accessioned2011-01-31-
dc.date.accessioned2011-12-15T11:34:26Z-
dc.date.available2011-12-15T11:34:26Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/53394-
dc.description.abstractThis paper uses the WITCH model, a computable general equilibrium model with endogenous technological change, to explore the impact of various climate policies on energy technology choices and the costs of stabilising greenhouse gas concentrations. Current and future expected carbon prices appear to have powerful effects on R&D spending and clean technology diffusion. Their impact on stabilisation costs depends on the nature of R&D: R&D targeted at incremental energy efficiency improvements has only limited effects, but R&D focused on the emergence of major new low-carbon technologies could lower costs drastically if successful - especially in the non-electricity sector, where such low-carbon options are scarce today. With emissions coming from multiple sources, keeping a wide range of options available matters for stabilisation costs more than improving specific technologies. Due to international knowledge spillovers, stabilisation costs could be further reduced through a complementary, global R&D policy. However, a strong price signal is always required.en
dc.language.isoengen
dc.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen
dc.relation.ispartofseries|aNota di Lavoro |x14.2009en
dc.subject.jelH0en
dc.subject.jelH2en
dc.subject.jelH3en
dc.subject.jelH4en
dc.subject.jelO3en
dc.subject.jelQ32en
dc.subject.jelQ43en
dc.subject.jelQ54en
dc.subject.ddc330en
dc.subject.keywordClimate Policyen
dc.subject.keywordEnergy R&Den
dc.subject.keywordFunden
dc.subject.keywordStabilisation Costsen
dc.titleThe role of R&D and technology diffusion in climate change mitigation: New perspectives using the witch model-
dc.typeWorking Paperen
dc.identifier.ppn644917938en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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