The Optimal Climate Policy Portfolio when Knowledge Spills Across Sectors

Emanuele Massetti and Lea Nicita
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Lea Nicita: Fondazione Eni Enrico Mattei

No 2010.96, Working Papers from Fondazione Eni Enrico Mattei

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: Technical Change; Climate Change; Development; Innovation; Spillovers (search for similar items in EconPapers)
JEL-codes: C72 H23 O31 O41 Q25 Q28 Q54 (search for similar items in EconPapers)
Date: 2010-07
New Economics Papers: this item is included in nep-cmp, nep-ene, nep-env, nep-gth, nep-ino and nep-knm
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Citations: View citations in EconPapers (5)

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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:fem:femwpa:2010.96

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