Designing Instrument Packages for the Low-Carbon Transition: An Evaluation Framework with an Application to Austria

Edwin van der Werf, Herman R.J. Vollebergh and Johanna Vogel

No 9192, CESifo Working Paper Series from CESifo

Abstract: Limiting global warming to no more than 2°C requires global large-scale deployment of low-carbon and negative emissions technologies. This requires the development of new eco-innovations and the diffusion of new and existing ones. Existing portfolios of environmental and technology policy instruments, however, may not be up to this task. In this paper, we develop an evaluative framework for the assessment of existing and new policy instruments for the successful development and deployment of eco-innovations. Our evaluative framework considers focus, scope, strictness, coherence and timing as key criteria for the evaluation of policy instruments for the transition to a low-carbon economy. We apply our framework to the residential and commercial (buildings) sector in an ambitious country, Austria.

Keywords: climate change mitigation policy; policy instruments; eco-innovation (search for similar items in EconPapers)
JEL-codes: H23 Q54 Q58 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-ene, nep-env and nep-isf
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_9192

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