Environmental and Technology Policies for Climate Change and Renewable Energy

Résumé du livre

"We assess different policy options for reducing greenhouse gas emissions and promoting the development and diffusion of renewable energy technologies: (1) a carbon emissions price, (2) a generation subsidy for renewable energy, (3) a tax on fossil fuel generated energy, (4) a portfolio (market share) requirement for renewable energy sources, (5) a tradable performance standard for the emissions intensity of all generation, and (6) a subsidy for R & D investment in renewable energy technology. We evaluate the relative performance of the different policies according to different potential goals: emissions reduction, renewable energy production, R & D, and welfare. We also assess how the nature of technological progress--whether it occurs by learning by doing or firm-specific innovation--affects the desirability of different policy measures"--Abstract