Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89578
Authors: 
Marangoni, Giacomo
Tavoni, Massimo
Year of Publication: 
2013
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 93.2013
Abstract: 
This paper uses an integrated assessment model to quantify the climate R&D investment strategy for a variety of scenarios fully consistent with 2°C. We estimate the total climate R&D investment needs in approximately 1 USD Trillion cumulatively in the period 2010-2030, and 1.6 USD Trillions in the period 2030-2050. Most of the R&D would be carried out in industrialized countries initially, but would be evenly split after 2030. We also assess a ‘climate R&D deal’ in which countries cooperate on innovation in the short term, and find that an R&D agreement slightly underperforms a climate policy based on the extension of the Copenhagen pledges till 2030. Both policies are inferior to full cooperation on mitigation starting in 2020. A global agreement on clean energy innovation beyond 2030 without sufficiently stringent GHG emissions reduction policies is found to be incompatible with 2°C.
Subjects: 
Clean Energy R&D
Endogenous Technical Change
Climate Policy
2 Degrees
Durban Action Platform
JEL: 
Q55
Q58
Q48
Document Type: 
Working Paper

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