The Optimal Climate Policy Portfolio when Knowledge Spills Across Sectors

Emanuele Massetti and Lea Nicita

No 92912, Sustainable Development Papers from Fondazione Eni Enrico Mattei (FEEM)

Abstract: This paper studies the implications for climate policy of the interactions between environmental and knowledge externalities. Using a numerical analysis performed with the hybrid integrated assessment model WITCH, extended to include mutual spillovers between the energy and the non-energy sector, we show that the combination between environmental and knowledge externalities provides a strong rationale for implementing a portfolio of policies for both emissions reduction and the internalisation of knowledge externalities. Moreover, we show that implementing technology policy as a substitute for stabilisation policy is likely to increase global emissions.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 96
Date: 2010-08
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Citations: View citations in EconPapers (5)

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https://ageconsearch.umn.edu/record/92912/files/NDL2010-096.pdf (application/pdf)

Related works:
Working Paper: The Optimal Climate Policy Portfolio when Knowledge Spills across Sectors (2010)
Working Paper: The Optimal Climate Policy Portfolio when Knowledge Spills Across Sectors (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:feemdp:92912

DOI: 10.22004/ag.econ.92912

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