Don't Let Me Down: Climate Change, Technological Transfers, and International Agreements

Nicolás Fajardo Baquero ()
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Nicolás Fajardo Baquero: Universidad de los Andes

No 21187, Documentos CEDE from Universidad de los Andes, Facultad de Economía, CEDE

Abstract: International Environmental Agreements (IEAs) have been proposed as means to encourage green technological transfers between advanced and emerging economies, thereby promoting a global energy transition. This paper presents an endogenous growth model featuring two economies: a North representing a technological leader, and a South being its follower with the possibility of copying the Northern technologies. In addition to the standard technological flows, North and South can engage in cooperative negotiations to ease green technological transfers. I find that technological transfers are able to revert the path dependency in the South. Further, unconditional agreements reducing Northern technologies’ costs can immediately induce a global energy transition if (i) the North follows a clean growth path, and if (ii) Northern technologies are advanced enough. Otherwise, to ensure a global energy transition, the agreement must be coupled with additional policies encouraging clean innovations.

Keywords: Climate change; Energy transition; International technology transfer; International agreements; Directed technical change (search for similar items in EconPapers)
JEL-codes: F18 O31 O41 Q54 Q55 (search for similar items in EconPapers)
Pages: 76 pages
Date: 2024-08-23
New Economics Papers: this item is included in nep-ene, nep-gro, nep-int and nep-res
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Persistent link: https://EconPapers.repec.org/RePEc:col:000089:021187

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