Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30546 
Year of Publication: 
2009
Series/Report no.: 
CESifo Working Paper No. 2874
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Based on recent empirical evidence, this paper includes human capital and knowledge in an integrated assessment model and it assesses the interplay between innovation, human capital, climate change, and education policies. Results indicate that climate policy stimulates a dedicated form of energy-knowledge without reducing generic R&D investments. Since advancements in labour productivity have a negative impact on the environment because labour is assumed to be complement to energy, climate policy reduces education investments, on which human capital is built. However, a policy mix combining climate and education targets shows that education and climate goals can be coupled incurring in small additional economic penalties.
Subjects: 
climate policy
innovation
human capital
JEL: 
Q43
O33
O41
Document Type: 
Working Paper
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