Climate change and incentives for investment in clean technologies: Can we correct the biggest market failure in history by creating more markets?
AbstractThis article analyzes a key issue regarding Climate Change: how to provide private enterprises with correct incentives in order to change their productive and innovative patterns and foster them to invest in research and development related with less greenhouse gasesintensive technologies. This could be achieved through an emission- permit system (such as the one included in the Kyoto Protocol) framed in a global political and institutional arrangement able to guarantee the continuity of the initiative and to provide a long-term price structure for carbon.
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Bibliographic InfoArticle provided by Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela in its journal Economía.
Volume (Year): 34 (2009)
Issue (Month): 27 (January-june)
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Postal: Facultad de Ciencias Económicas y Sociales. Instituto de Investigaciones Económicas y Sociales. Campus Universitario Liria, Edificio G, Tercer Nivel. Mérida 5101, Estado Mérida, Venezuela
Phone: +58 74 401111 ext. 1081
Fax: +58 74 401120
Web page: http://iies.faces.ula.ve/
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Climate change; incentives; inversion; clean technologies.;
Find related papers by JEL classification:
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
- Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
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.:
- William D. Nordhaus, 2006. "The "Stern Review" on the Economics of Climate Change," NBER Working Papers 12741, National Bureau of Economic Research, Inc.
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