• Medientyp: Bericht; E-Book
  • Titel: On general versus emission saving R&D support
  • Beteiligte: Bye, Brita [Verfasser:in]; Jacobsen, Karl [Verfasser:in]
  • Erschienen: Oslo: Statistics Norway, Research Department, 2009
  • Sprache: Englisch
  • Schlagwörter: Applied general equilibrium ; O38 ; Carbon policy ; O41 ; Endogenous growth ; Research and Development ; H32 ; Directed technological change ; C68 ; E62
  • Entstehung:
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  • Beschreibung: We analyse welfare effects of supporting general versus emission saving technological development when carbon emissions are regulated by a carbon tax. We use a computable general equilibrium model with induced technological change (ITC). ITC is driven by two separate, economically motivated research and development (R&D) activities, one general and one emission saving specified as carbon capture and storage. We study public revenue neutral policy alternatives targeted towards general R&D and emission saving R&D. Support to general R&D is the welfare superior, independent of the level of international carbon price. However, the welfare gap between the two R&D policy alternatives is reduced if the carbon price increases.
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