Impact assessment of emissions stabilization scenarios with and without induced technological change

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Impact assessment of emissions stabilization scenarios with and without induced technological change. / Kemfert, Claudia; Truong, Truong.
in: Energy Policy, Jahrgang 35, Nr. 11, 01.11.2007, S. 5337-5345.

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

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@article{d101849cb64e49588b4f01150037f515,
title = "Impact assessment of emissions stabilization scenarios with and without induced technological change",
abstract = "The main aim of this paper is to investigate quantitatively the economic impacts of emissions stabilization scenarios with and without the inclusion of induced technological change (ITC). Improved technological innovations are triggered by increased research and development (R&D) expenditures that advance energy efficiencies. Model results show that ITCs due to increased investment in R&D reduce compliance costs. Although R&D expenditures compete with other investment expenditures, we find that increased R&D expenditures improve energy efficiency, which substantially lowers abatement costs. Without the inclusion of ITC, emissions targets are primarily reached by declines in production, resulting in overall welfare reductions. With the inclusion of ITCs, emissions mitigation can result in fewer production and GDP drawbacks.",
keywords = "Economics, Climate policy, Induced technological change, Integrated assessment",
author = "Claudia Kemfert and Truong Truong",
year = "2007",
month = nov,
day = "1",
doi = "10.1016/j.enpol.2006.01.033",
language = "English",
volume = "35",
pages = "5337--5345",
journal = "Energy Policy",
issn = "0301-4215",
publisher = "Elsevier B.V.",
number = "11",

}

RIS

TY - JOUR

T1 - Impact assessment of emissions stabilization scenarios with and without induced technological change

AU - Kemfert, Claudia

AU - Truong, Truong

PY - 2007/11/1

Y1 - 2007/11/1

N2 - The main aim of this paper is to investigate quantitatively the economic impacts of emissions stabilization scenarios with and without the inclusion of induced technological change (ITC). Improved technological innovations are triggered by increased research and development (R&D) expenditures that advance energy efficiencies. Model results show that ITCs due to increased investment in R&D reduce compliance costs. Although R&D expenditures compete with other investment expenditures, we find that increased R&D expenditures improve energy efficiency, which substantially lowers abatement costs. Without the inclusion of ITC, emissions targets are primarily reached by declines in production, resulting in overall welfare reductions. With the inclusion of ITCs, emissions mitigation can result in fewer production and GDP drawbacks.

AB - The main aim of this paper is to investigate quantitatively the economic impacts of emissions stabilization scenarios with and without the inclusion of induced technological change (ITC). Improved technological innovations are triggered by increased research and development (R&D) expenditures that advance energy efficiencies. Model results show that ITCs due to increased investment in R&D reduce compliance costs. Although R&D expenditures compete with other investment expenditures, we find that increased R&D expenditures improve energy efficiency, which substantially lowers abatement costs. Without the inclusion of ITC, emissions targets are primarily reached by declines in production, resulting in overall welfare reductions. With the inclusion of ITCs, emissions mitigation can result in fewer production and GDP drawbacks.

KW - Economics

KW - Climate policy

KW - Induced technological change

KW - Integrated assessment

UR - http://www.scopus.com/inward/record.url?scp=34548782145&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/94b281d9-fdf7-3cdb-92ad-c29eb30af0ce/

U2 - 10.1016/j.enpol.2006.01.033

DO - 10.1016/j.enpol.2006.01.033

M3 - Journal articles

AN - SCOPUS:34548782145

VL - 35

SP - 5337

EP - 5345

JO - Energy Policy

JF - Energy Policy

SN - 0301-4215

IS - 11

ER -

DOI