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Uncertainty and endogenous technical change in climate policy models

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  • Baker, Erin
  • Shittu, Ekundayo
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    Abstract

    Until recently endogenous technical change and uncertainty have been modeled separately in climate policy models. In this paper, we review the emerging literature that considers both these elements together. Taken as a whole the literature indicates that explicitly including uncertainty has important quantitative and qualitative impacts on optimal climate change technology policy.

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    Bibliographic Info

    Article provided by Elsevier in its journal Energy Economics.

    Volume (Year): 30 (2008)
    Issue (Month): 6 (November)
    Pages: 2817-2828

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    Handle: RePEc:eee:eneeco:v:30:y:2008:i:6:p:2817-2828

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    Web page: http://www.elsevier.com/locate/eneco

    Related research

    Keywords: Uncertainty Climate change Technology R&D Environmental policy;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    Citations

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    Cited by:
    1. Takanobu Kosugi, 2010. "Assessments of ‘Greenhouse Insurance’: A Methodological Review," Asia-Pacific Financial Markets, Springer, vol. 17(4), pages 345-363, December.
    2. Crost, Benjamin & Traeger, Christian P., 2010. "Risk and aversion in the integrated assessment of climate change," CUDARE Working Paper Series 1104R, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy, revised Jul 2011.
    3. Endres, Alfred & Friehe, Tim, 2011. "Incentives to diffuse advanced abatement technology under environmental liability law," Journal of Environmental Economics and Management, Elsevier, vol. 62(1), pages 30-40, July.
    4. Baker, Erin & Solak, Senay, 2011. "Climate change and optimal energy technology R&D policy," European Journal of Operational Research, Elsevier, vol. 213(2), pages 442-454, September.
    5. Derek Lemoine & Sabine Fuss & Jana Szolgayova & Michael Obersteiner & Daniel Kammen, 2012. "The influence of negative emission technologies and technology policies on the optimal climate mitigation portfolio," Climatic Change, Springer, vol. 113(2), pages 141-162, July.

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