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Published a new article on clean innovation

In NEWS, Publications on 05/11/2011 at 12:22

The article “Technology innovation and diffusion in less than ideal climate policies: An assessment with the WITCH model”, joint with Valentina Bosetti and Massimo Tavoni, is now available on line,  Climatic Change.

The paper examines the dynamics of innovation in low-carbon energy technologies distinguishing between research and development and technology diffusion as a response to alternative climate policies.

We assess the implications of second-best policies that depart from the assumption of immediate and global participation and of full technology availability. The analysis highlights the heterogeneous effects of climate policy on different energy R&D programs and discusses the contribution of important determinants such as carbon price and policy stringency, policy credibility, policy and technological spillovers and absorptive capacity.

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