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Climate Change Mitigation and the Role of Technologic Change: Impact on selected headline targets of Europe’s 2020 climate and energy package

Germà Bel () and Stephan Josep ()
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Stephan Josep: Departament of Economic Policy & GiM-IREA, University of Barcelona. Av. Diagonal 696; 08034 Barcelona, Spain.

No 201612, IREA Working Papers from University of Barcelona, Research Institute of Applied Economics

Abstract: The European Union launched a set of policies as part of its 2020 climate and energy package aimed at meeting its 20/20/20 headline targets for smart, sustainable and inclusive growth. This paper evaluates how successful new-to-the-market climate change mitigation technologies (CCMT) are in helping EU member states (MS) to reach these goals and, furthermore, whether there are differences between sectors subject to EU-wide polices. To do so, we seek to relate CCMT patent counts to two specific headline targets: (1) achieving 20% of gross final energy consumption from renewables, and (2) achieving a 20% increase in energy efficiency. Our results provide the first ex-post evaluation of the effectiveness of these technologies for combating climate change. Moreover, our sectoral impact assessment points to significant differences in the way in which these technologies contribute to policy goals across sectors.

Keywords: Environmental Policy; Climate Change; Technological Change; Patent Count Data. JEL classification: O33; O38; Q55; Q58. (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec, nep-ene, nep-env, nep-ino and nep-reg
Date: 2016-10, Revised 2016-10
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Journal Article: Climate change mitigation and the role of technological change: Impact on selected headline targets of Europe's 2020 climate and energy package (2018) Downloads
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