Similar Search Results

Innovation Market Failures and the Design of New Climate Policy Instruments

Armitage, Sarah C.; Bakhtian, Noël; Jaffe, Adam B. - National Bureau of Economic Research - 2023

Moving beyond the combination of adoption subsidies, standards, and (albeit limited) attempts at carbon pricing that largely characterized U.S. climate policy over the last decade, recent climate-related legislation has transformed not only the scale of U.S. climate activities but also the...

Persistent link: https://www.econbiz.de/10014337854

Climate Change, Directed Innovation, and Energy Transition : The Long-run Consequences of the Shale Gas Revolution

Acemoglu, Daron; Aghion, Philippe; Barrage, Lint; … - National Bureau of Economic Research - 2023

We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with coal, natural gas, or clean sources and the direction of technology is endogenous. In the short run, a natural gas boom reduces carbon emissions by inducing substitution away...

Persistent link: https://www.econbiz.de/10014372414

Induced Innovation, Inventors, and the Energy Transition

Dugoua, Eugenie; Gerarden, Todd - National Bureau of Economic Research - 2023

We study how individual inventors respond to incentives to work on "clean" electricity technologies. Using natural gas price variation, we estimate output and entry elasticities of inventors and measure the medium-term impacts of a price increase mirroring the social cost of carbon. We find that...

Persistent link: https://www.econbiz.de/10014421213

Do Technology Standards Induce Innovation in Environmental Technologies When Coordination is Important?

Gregoire-Zawilski, Myria; Popp, David - National Bureau of Economic Research - 2023

If further decarbonization of electricity systems is to continue, a next generation of innovation in transformative grid modernization and renewables integration technologies will be needed. Few studies have investigated the policy determinants of innovation in this sector to glean insights on...

Persistent link: https://www.econbiz.de/10013537766

Environmental Economics, Regulation, and Innovation

Greaker, Mads; Popp, David - National Bureau of Economic Research - 2022

This paper provides a primer on the economics of environmental innovation. Our intention is not to write a pure review paper, but to also provide an up-to-date textbook treatment on the issue. Thus, we start by defining the marginal costs of both emissions and of emissions abatement. We then...

Persistent link: https://www.econbiz.de/10013388770

The Next Wave of Energy Innovation : Which Technologies? Which Skills?

Popp, David; Vona, Francesco; Gregoire-Zawilski, Myriam; … - National Bureau of Economic Research - 2022

The costs of low-carbon energy fell dramatically over the past decade, leading to rapid growth in its deployment. However, many challenges remain to deploy low-carbon energy at a scale necessary to meet net zero carbon emission targets. If net zero goals are to be met, developing complementary...

Persistent link: https://www.econbiz.de/10013361997

Do Green Users Become Green Voters?

Comin, Diego; Rode, Johannes - National Bureau of Economic Research - 2023

We estimate the causal effect of the diffusion of solar photovoltaic (PV) systems on the fraction of Green Party votes in federal and state elections in Baden-Württemberg, Germany. Our estimates are based on instruments that induce exogenous variation in roof appropriateness to PV installation....

Persistent link: https://www.econbiz.de/10014322712

Policy Uncertainty Reduces Green Investment

Wang, Mengyu; Wurgler, Jeffrey; Zhang, Hong - National Bureau of Economic Research - 2023

Government subsidies are often used to stimulate environment-friendly investment. We find that Chinese firms reduce green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air pollution that lead to fluctuations in subsidy...

Persistent link: https://www.econbiz.de/10014322788

To Starve or to Stoke? : Understanding Whether Divestment vs. Investment Can Steer (Green) Innovation

Pless, Jacquelyn - National Bureau of Economic Research - 2023

decomposing them and using alternative approaches to measuring environmental performance can improve investment, strategy, and … 16 pollution-intensive sectors are on track for meeting the Paris Agreement emissions targets ("carbon performance"). I … find no correlation between carbon performance and the most basic practices, like disclosing emissions, but a positive …

Persistent link: https://www.econbiz.de/10014226139