Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/118109
Authors: 
Gerlagh, Reyer
Lise, Wietze
Year of Publication: 
2003
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 84.2003
Abstract: 
We develop an economic partial equilibrium model for energy supply and demand with capital and labor as production factors, and endogenous technological change through learning by research and learning by doing. Our model reproduces the learning curve typical for (bottom-up) energy system models. The model also produces an endogenous S-curved transition from fossil fuel energy sources to carbon-free energy sources over the coming two centuries. We use the model to study changes in fossil fuel and carbon-free energy use and carbon dioxide emissions induced by carbon taxes. It is shown that induced technological change accelerates the substitution of carbon-free energy for fossil fuels substantially, and can increase by factor 5 the cumulative emission reductions achieved through a carbon tax over the period 2000-2100.
Subjects: 
Induced technological change
Environmental taxes
Partial equilibrium
Learning by doing
JEL: 
H23
O31
O41
Q42
Q43
Document Type: 
Working Paper

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