Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/192597 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Discussion Papers No. 615
Verlag: 
Statistics Norway, Research Department, Oslo
Zusammenfassung: 
Our point of departure is that a group of developed countries invest in the development of greenhouse gas (GHG) abatement technologies both at home and in developing countries. Such investments reduce the cost of future GHG abatement, and influence the future GHG abatement choices of both developed and developing countries. We show how a common permit market affects the industrialized countries' strategic investment decisions. As opposed to a situation without a permit market, the industrialized countries may want to overinvest in new GHG abatement technologies both at home and abroad. That is, they increase their R&D investment to such an extent that the cost reductions from the least profitable project actually fall short of the R&D costs. Earlier research has only pointed to overinvestment abroad. Moreover, the effects of investment abroad may be tougher emission reduction targets at home, which is not possible without permit trade.
Schlagwörter: 
greenhouse gas abatement technologies
climate policy
strategic investments
permit trade.
JEL: 
D62
H41
O38
Q58
Dokumentart: 
Working Paper

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