Induced Technological Change: Exploring its Implications for the Economics of Atmospheric Stabilization: Synthesis Report from the Innovation Modeling Comparison Project

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

Authors

This paper summarizes results from ten global economy-energy-environment models implementing mechanisms of endogenous technological change (ETC). Climate policy goals represented as different CO2 stabilization levels are imposed, and the contribution of induced technological change (ITC) to meeting the goals is assessed. Findings indicate that climate policy induces additional technological change, in some models substantially. Its effect is a reduction of abatement costs in all participating models. The majority of models calculate abatement costs below 1 percent of present value aggregate gross world product for the period 2000-2100. The models predict different dynamics for rising carbon costs, with some showing a decline in carbon costs towards the end of the century. There are a number of reasons for differences in results between models; however four major drivers of differences are identified. First, the extent of the necessary CO2 reduction which depends mainly on predicted baseline emissions, determines how much a model is challenged to comply with climate policy. Second, when climate policy can offset market distortions, some models show that not costs but benefits accrue from climate policy. Third, assumptions about long-term investment behavior, e.g. foresight of actors and number of available investment options, exert a major influence. Finally, whether and how options for carbon-free energy are implemented (backstop and end-of-the-pipe technologies) strongly affects both the mitigation strategy and the abatement costs.
OriginalspracheEnglisch
ZeitschriftThe Energy Journal
Jahrgang27
AusgabenummerSonderIssue 1-3
Seiten (von - bis)57-108
Anzahl der Seiten52
ISSN0195-6574
DOIs
PublikationsstatusErschienen - 01.09.2006
Extern publiziertJa

Zuletzt angesehen

Forschende

  1. Anke Wischmann

Publikationen

  1. Jurisdiction and applicable law in cases of damage from space in Europe - The advent of the most suitable choice - Rome II
  2. An InfoSpace Paradigm for Local and ad hoc Peer-to-Peer Communication
  3. Tentative Theses on Transformative Research in Real-World Laboratories
  4. Testing socio-cultural valuation methods of ecosystem services to explain land use preferences
  5. From Values to Emotions
  6. Obtaining Object Information from Stereo Vision System for Autonomous Vehicles
  7. Establishment age and wages
  8. The interaction of precipitation and deformation in a binary Mg-Ca alloy at elevated temperatures
  9. Tree and mycorrhizal fungal diversity drive intraspecific and intraindividual trait variation in temperate forests
  10. Assessment of age-correlated occupational strain as a prerequisite for age-appropriate work organization
  11. Quantitative Bildtypenanalyse
  12. Integrated curvature sensing of soft bending actuators using inertial measurement units
  13. Logic fun
  14. Relativity in Social Cognition: Basic processes and novel applications of social comparisons
  15. Non-acceptances in context
  16. Where are we with? A dialectical theory on innovation
  17. The frame of the game
  18. Using machine learning to identify important predictors of COVID-19 infection prevention behaviors during the early phase of the pandemic
  19. Levels of indicator development for education for sustainable development
  20. An Integrative and Comprehensive Methodology for Studying Aesthetic Experience in the Field
  21. Microstructure evolution of Mg-11Gd-4.5Y-1Nd-1.5Zn-0.5Zr (wt%) alloy during deformation and its effect on strengthening