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Climate change and incentives for investment in clean technologies: Can we correct the biggest market failure in history by creating more markets?

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Author Info

  • Verónica Cecilia Gutman

    ()
    (Centro de Investigaciones en Epistemología de las Ciencias Económicas, Facultad de Ciencias Económicas, Universidad de Buenos Aires, Ciudad de Buenos Aires, Argentina.)

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    Abstract

    This 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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    File URL: ftp://iies.faces.ula.ve/Pdf/Revista27/Rev27Gutman.pdf
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    Bibliographic Info

    Article 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)
    Pages: 11-35

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    Handle: RePEc:ula:econom:v:34:y:2009:i:27:p:11-35

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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
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    Web page: http://iies.faces.ula.ve/
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    Related research

    Keywords: Climate change; incentives; inversion; clean technologies.;

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    1. 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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