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No Green Growth Without Innovation

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  • Philippe Aghion
  • Reinhilde Veugelers
  • David Hemous

Abstract

This Policy Brief, co-written by Senior Non-Resident Fellow Philippe Aghion, Senior Resident Fellow Reinhilde Veugelers and David Hemous of Harvard University, attempts to change the terms of the debate surrounding climate change policy. The authors argue that policymakers should do more to encourage innovation and investment in Â?greenÂ? research and development rather than focusing solely on the setting of a carbon price. Using a model developed by Aghion in a previous paper, they argue that a carbon price would have to be about 15 times higher in the first five years and 12 times higher in the next five years if innovation is not properly subsidized by governments. The authors also provide several policy recommendations for incentivising this type of Â?green growthÂ? in the private sector.

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Bibliographic Info

Paper provided by Bruegel in its series Policy Briefs with number 353.

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Date of creation: Nov 2009
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Handle: RePEc:bre:polbrf:353

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Cited by:
  1. LE BAS Christian & POUSSING Nicolas, 2013. "Firm voluntary measures for environmental changes, eco-innovations and CSR: Empirical analyses based on data surveys," CEPS/INSTEAD Working Paper Series 2013-25, CEPS/INSTEAD.
  2. European Commission, 2011. "Tax Reforms in EU Member States 2011: tax policy challenges for economic growth and fiscal sustainability," Taxation Papers 28, Directorate General Taxation and Customs Union, European Commission.
  3. Raimund Bleischwitz, 2010. "International economics of resource productivity – Relevance, measurement, empirical trends, innovation, resource policies," International Economics and Economic Policy, Springer, vol. 7(2), pages 227-244, August.
  4. Ruester, Sophia & Schwenen, Sebastian & Finger, Matthias & Glachant, Jean-Michel, 2014. "A post-2020 EU energy technology policy: Revisiting the strategic energy technology plan," Energy Policy, Elsevier, vol. 66(C), pages 209-217.
  5. Anna Dimitrova & Katarina Hollan & Daphne Laster & Andreas Reinstaller & Margit Schratzenstaller & Ewald Walterskirchen & Teresa Weiss, 2013. "Literature review on fundamental concepts and definitions, objectives and policy goals as well as instruments relevant for socio-ecological transition," WWWforEurope Working Papers series 40, WWWforEurope.
  6. Grégoire Garsous, 2011. "On Clean Technology Diffusion Mechanisms," Working Papers ECARES ECARES 2011-013, ULB -- Universite Libre de Bruxelles.
  7. Atkinson, Robert D. & Hackler, Darrene, 2010. "Economic Doctrines and Approaches to Climate Change Policy," MPRA Paper 29718, University Library of Munich, Germany.
  8. Raimund Bleischwitz, 2012. "Towards a resource policy—unleashing productivity dynamics and balancing international distortions," Mineral Economics, Springer, vol. 24(2), pages 135-144, June.
  9. Sophia Ruester & Sebastian Schwenen & Matthias Finger, 2013. "A post-2020 EU energy technology policy: Revisiting the Strategic Energy Technology Plan," RSCAS Working Papers 2013/39, European University Institute.
  10. Bodas-Freitas, Isabel Maria & Dantas, Eva & Iizuka, Michiko, 2010. "The global institutional frameworks and the diffusion of renewable energy technologies in the BRICS countries," MERIT Working Papers 045, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  11. Bettina Bahn-Walkowiak & Raimund Bleischwitz & Martin Distelkamp & Mark Meyer, 2012. "Taxing construction minerals: a contribution to a resource-efficient Europe," Mineral Economics, Springer, vol. 25(1), pages 29-43, July.

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