Impact Assessment of Emissions Stabilization Scenarios with and without Induced Technological Change

Research output: Working paperWorking papers

Standard

Impact Assessment of Emissions Stabilization Scenarios with and without Induced Technological Change. / Kemfert, Claudia; Truong, Truong Phuoc.
Berlin: Deutsches Institut für Wirtschaftsforschung (DIW), 2005. (DIW Discussion Papers; No. 530).

Research output: Working paperWorking papers

Harvard

Kemfert, C & Truong, TP 2005 'Impact Assessment of Emissions Stabilization Scenarios with and without Induced Technological Change' DIW Discussion Papers, no. 530, Deutsches Institut für Wirtschaftsforschung (DIW), Berlin. <http://hdl.handle.net/10419/18381>

APA

Kemfert, C., & Truong, T. P. (2005). Impact Assessment of Emissions Stabilization Scenarios with and without Induced Technological Change. (DIW Discussion Papers; No. 530). Deutsches Institut für Wirtschaftsforschung (DIW). http://hdl.handle.net/10419/18381

Vancouver

Kemfert C, Truong TP. Impact Assessment of Emissions Stabilization Scenarios with and without Induced Technological Change. Berlin: Deutsches Institut für Wirtschaftsforschung (DIW). 2005 Nov. (DIW Discussion Papers; 530).

Bibtex

@techreport{8c9e24bba3c04377be16f531e2ebe6f7,
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 R&D expenditures that advance energy efficiencies. Model results show that induced technological changes 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 induced technological change, emissions targets are primarily reached by declines in production, resulting in overall welfare reductions. With the inclusion of induced technological changes, emissions mitigations can result in fewer production and GDP drawbacks.",
keywords = "Economics, impact assessment of climate policy, technological change",
author = "Claudia Kemfert and Truong, {Truong Phuoc}",
year = "2005",
month = nov,
language = "English",
series = "DIW Discussion Papers",
publisher = "Deutsches Institut f{\"u}r Wirtschaftsforschung (DIW)",
number = "530",
address = "Germany",
type = "WorkingPaper",
institution = "Deutsches Institut f{\"u}r Wirtschaftsforschung (DIW)",

}

RIS

TY - UNPB

T1 - Impact Assessment of Emissions Stabilization Scenarios with and without Induced Technological Change

AU - Kemfert, Claudia

AU - Truong, Truong Phuoc

PY - 2005/11

Y1 - 2005/11

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 R&D expenditures that advance energy efficiencies. Model results show that induced technological changes 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 induced technological change, emissions targets are primarily reached by declines in production, resulting in overall welfare reductions. With the inclusion of induced technological changes, emissions mitigations 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 R&D expenditures that advance energy efficiencies. Model results show that induced technological changes 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 induced technological change, emissions targets are primarily reached by declines in production, resulting in overall welfare reductions. With the inclusion of induced technological changes, emissions mitigations can result in fewer production and GDP drawbacks.

KW - Economics

KW - impact assessment of climate policy

KW - technological change

M3 - Working papers

T3 - DIW Discussion Papers

BT - Impact Assessment of Emissions Stabilization Scenarios with and without Induced Technological Change

PB - Deutsches Institut für Wirtschaftsforschung (DIW)

CY - Berlin

ER -

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