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dc.contributor.authorBosetti, Valentinaen_US
dc.contributor.authorCarraro, Carloen_US
dc.contributor.authorDuval, Romainen_US
dc.contributor.authorSgobbi, Alessandraen_US
dc.contributor.authorTavoni, Massimoen_US
dc.date.accessioned2011-01-31en_US
dc.date.accessioned2011-12-15T11:34:26Z-
dc.date.available2011-12-15T11:34:26Z-
dc.date.issued2009en_US
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_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei (FEEM) Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 14.2009en_US
dc.subject.jelH0en_US
dc.subject.jelH2en_US
dc.subject.jelH3en_US
dc.subject.jelH4en_US
dc.subject.jelO3en_US
dc.subject.jelQ32en_US
dc.subject.jelQ43en_US
dc.subject.jelQ54en_US
dc.subject.ddc330en_US
dc.subject.keywordClimate Policyen_US
dc.subject.keywordEnergy R&Den_US
dc.subject.keywordFunden_US
dc.subject.keywordStabilisation Costsen_US
dc.titleThe role of R&D and technology diffusion in climate change mitigation: New perspectives using the witch modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn644917938en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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