TECHNOLOGY TREATIES AND CLIMATE CHANGE

Hans Gersbach and Marie-Catherine Riekhof ()
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Marie-Catherine Riekhof: Institute for Agricultural Economics, Center for Ocean and Society, Christian-Albrechts-University Kiel, Olshausenstrae 40, 24118 Kiel, Germany

Climate Change Economics (CCE), 2022, vol. 13, issue 02, 1-42

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 (search for similar items in EconPapers)
JEL-codes: H23 O31 Q54 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Technology Treaties and Climate Change (2019)
Working Paper: Technology Treaties and Climate Change (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:wsi:ccexxx:v:13:y:2022:i:02:n:s2010007822500026

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DOI: 10.1142/S2010007822500026

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