Human Capital Formation and Global Warming Mitigation: Evidence from an Integrated Assessment Model

Carlo Carraro (), Enrica De Cian () and Massimo Tavoni ()

No 2874, CESifo Working Paper Series from CESifo

Abstract: Based on recent empirical evidence, this paper includes human capital and knowledge in an integrated assessment model and it assesses the interplay between innovation, human capital, climate change, and education policies. Results indicate that climate policy stimulates a dedicated form of energy-knowledge without reducing generic R&D investments. Since advancements in labour productivity have a negative impact on the environment because labour is assumed to be complement to energy, climate policy reduces education investments, on which human capital is built. However, a policy mix combining climate and education targets shows that education and climate goals can be coupled incurring in small additional economic penalties.

Keywords: climate policy; innovation; human capital (search for similar items in EconPapers)
JEL-codes: O33 O41 Q43 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Working Paper: Human capital formation and global warming mitigation: evidence from an integrated assessment model (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_2874

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