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“The Voracity Effect” and Climate Change: The Impact of Clean Technologies

Hassan Benchekroun () and Amrita Ray Chaudhuri ()

No 2011.05, Working Papers from Fondazione Eni Enrico Mattei

Abstract: We show that a technological breakthrough that reduces CO2 emissions per output can exacerbate the climate change problem: countries may respond by raising their emissions resulting in an increase of the stock of pollution that may reduce welfare. Using parameter values based on empirical evidence we obtain that any 'new technology' that reduces the emissions of CO2 per dollar of GDP by less than 76% from their current level is welfare reducing. Developing clean technologies as well as transferring “cleaner” technologies to developing countries make a global post-Kyoto agreement over the control of emissions all the more urgent.

Keywords: Transboundary Pollution; Renewable Resource; Climate Change; Clean Technologies; Differential Games (search for similar items in EconPapers)
JEL-codes: Q20 Q54 Q55 Q58 C73 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene and nep-env
Date: 2011-01
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Related works:
Working Paper: “The Voracity Effect” and Climate Change: The Impact of Clean Technologies (2011) Downloads
Working Paper: 'The Voracity Effect' and Climate Change: The Impact of Clean Technologies (2010) Downloads
Working Paper: 'The Voracity Effect' and Climate Change: The Impact of Clean Technologies (2010) Downloads
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