Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/110863 
Year of Publication: 
2015
Series/Report no.: 
CESifo Working Paper No. 5361
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This policy note investigates whether the current level of public support to environment-friendly technologies is sufficient to allow European countries to respond to the multiple challenges posed by climate change and other environmental concerns. We first lay out the justifications for government support to clean R&D activity at the various stages of technology development, discussing particular features of clean technologies that justify policy intervention. We present empirical evidence for the impact of various policies on the development of clean technologies and use this to identify what the appropriate policy mix should look like. We present an overview of policies currently in place to support the development of clean technologies across Europe and compare the current policy landscape to the appropriate policy portfolio. This comparison allows us to provide some practical steps for reform.
Subjects: 
climate change
renewable energy
environmental policy
innovation
diffusion
JEL: 
O38
Q42
Q55
Document Type: 
Working Paper
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