Environmental policy and directed technological change

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Environmental policy and directed technological change

Environmental policy discussions increasingly focus on issues related to technological change. This is partly because the environmental consequences of social activity are frequently affected by the rate and direction of technological change, and partly because environmental policy interventions can themselves create constraints and incentives that have significant effects on the path of technological progress.

We begin with a brief overview of the economics of technological change, and then examine three important areas where technology and the environment intersect: the theory and empirical evidence of induced innovation and the related literature on the effects of environmental policy on the creation of new, environmentally friendly technology; the theory and empirics of environmental issues related to technology diffusion; and analyses of the comparative technological impacts of alternative environmental policy instruments.

We conclude with suggestions for further research on technological change and the environment. Published: Jaffe, Adam B. Newell and Robert N. Jaffe, Adam B. Vincent ed. Technological Change and the Environment Adam B. JaffeRichard G. NewellRobert N. Development of the American Economy. Economic Fluctuations and Growth. International Finance and Macroeconomics.

International Trade and Investment.

Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market

Productivity, Innovation, and Entrepreneurship. Gender in the Economy Study Group. Illinois Workplace Wellness Study. The Oregon Health Insurance Experiment. The Science of Science Funding Initiative. Candidates are evaluated based on their research records and their capacity to contribute to the NBER's activities by program directors and steering committees.

New affiliates must hold primary academic appointments in North America. Technology Policy for Energy and the Environment.Using a newly constructed data set that links 8.

Exploratory data analysis reveals a rapid increase in low-carbon patenting activities at the EPO sinceespecially among EU ETS regulated companies during the Scheme's second phase.

However, more refined estimates that combine matching methods with difference-in-differences provide evidence that the EU ETS has not impacted the direction of technological change. This finding appears to be robust to a number of stability and sensitivity checks.

While we cannot completely rule out the possibility that the EU ETS has impacted only large companies for which suitable unregulated comparators cannot be found, our findings suggest that the EU ETS so far has had at best a very limited impact on low-carbon technological change.

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Orario dell'evento : h. Informazione : Seminars Office, seminars feem. Scarica il file PDF. Condividi: Condividi Tweet Condividi.The relationship between technological changeand environmental policy has receivedincreasing attention from scholars and policymakers alike over the past ten years.

environmental policy and directed technological change

This ispartly because the environmental impacts ofsocial activity are significantly affected bytechnological change, and partly becauseenvironmental policy interventions themselvescreate new constraints and incentives thataffect the process of technologicaldevelopments. Our central purpose in thisarticle is to provide environmental economistswith a useful guide to research ontechnological change and the analytical toolsthat can be used to explore further theinteraction between technology and theenvironment.

In Part 1 of the article, weprovide an overview of analytical frameworksfor investigating the economics oftechnological change, highlighting key issuesfor the researcher. In Part 2, we turn ourattention to theoretical analysis of theeffects of environmental policy ontechnological change, and in Part 3, we focuson issues related to the empirical analysis oftechnology innovation and diffusion.

Finally,we conclude in Part 4 with some additionalsuggestions for research. This is a preview of subscription content, log in to check access. Rent this article via DeepDyve. Arrow, K. Nelson, ed. Google Scholar. Atkinson, S. Bellas, A. Berman, E. Berry, S. Kortum and A. Biglaiser, G. Horowitz and J. Bound, J. Cummins, Z.

environmental policy and directed technological change

Griliches, B. Hall and A. Griliches, ed. Chicago: University of Chicago Press. Boyd, G. Cadot, O. Carraro et al. Dordrecht: Kluwer Academic Publishers, pp. Carraro, C. David, P. Rosovsky, ed. Forthcoming as Chapters 1—3 of David, P. Boulder: Westview Press.Skip to search form Skip to main content You are currently offline.

Some features of the site may not work correctly. DOI: We also find evidence that the EU ETS has not affected patenting beyond the set of regulated companies. View on MIT Press. Save to Library. Create Alert. Launch Research Feed. Share This Paper. Renata Dombrovski Bonnet Citation Type. Has PDF. Publication Type. More Filters. Highly Influenced. Research Feed. View 2 excerpts, cites methods. View 1 excerpt, cites background.

Essays on the Economics of Technological Change and the Environment.

Environmental policy and directed technological change: evidence from the European carbon market

View 2 excerpts, cites background. For want of a chair: Teaching price formation using a cap and trade game. Sustainability Standards and Potential Trade Implications. References Publications referenced by this paper. View 2 excerpts, references background. View 2 excerpts, references background and methods. View 1 excerpt, references background.As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

Discussion Papers. Todd, Petra, John A. Warren McHone, Manuel Trajtenberg, Popp, David, Zvi Griliches, Bronwyn H. Jaffe, Lanoie, P. David Popp, Bailey, Pizer, William A. William A. Jaffe, Adam B.

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Environmental Policy and Technological Change

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environmental policy and directed technological change

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Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market

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