Technology Treaties and Climate Change

Hans Gersbach and Marie-Catherine Riekhof

No 14033, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We introduce an international technology treaty ("Tech Treaty") that couples the funding of research for a more advanced abatement technology with an international emissions permit market. While each country decides on domestic permit issuance, a fraction of these permits is auctioned by an international agency. Auction revenues scale up license revenues for the innovators of abatement technologies. We show that such a treaty increases innovations and decreases emissions under plausible conditions compared to an emissions trading system without additional technology agreement. Finally, we discuss how a Tech Treaty may inspire next steps in existing technology programs.

Keywords: Climate; change; mitigation; -; technology; promotion; -; r&d; -; international; emissions; permit; markets; -; international; treaty; -; externalities (search for similar items in EconPapers)
JEL-codes: H23 O31 Q54 (search for similar items in EconPapers)
Date: 2019-10
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env and nep-ino
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Related works:
Journal Article: TECHNOLOGY TREATIES AND CLIMATE CHANGE (2022)
Working Paper: Technology Treaties and Climate Change (2017)
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