Clean Energy Technology and the Role of Non-Carbon Price Based Policy: an Evolutionary Economics Perspective
Eric Knight () and
Nicholas Howarth ()
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Eric Knight: Department of Geography and the Environment, University of Oxford, Oxford, UK
Nicholas Howarth: Department of Geography and the Environment, University of Oxford, Oxford, UK
CCEP Working Papers from Centre for Climate Economics & Policy, Crawford School of Public Policy, The Australian National University
Much academic attention has been paid to the role of carbon pricing in developing a market-led response to low carbon energy innovation. Taking an evolutionary economics perspective this paper makes the case as to why price mechanisms alone are insufficient to support new energy technologies coming to market. In doing so, we set out the unique investment barriers in the clean energy space. For guidance on possible approaches to non-carbon price based policies that seek to tackle these barriers we turn to case studies from Asia, a region which has experienced a strong uptake in climate policy in recent years.
JEL-codes: Q48 Q42 Q55 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene, nep-env and nep-hme
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Persistent link: http://EconPapers.repec.org/RePEc:een:ccepwp:1102
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