Environmental and technology externalities: policy and investment implications
AbstractRecognising that environmental and technology externalities affect the development of renewable energy technologies, this paper illustrates how environmental policies induce technological change and how market failures that hinder technological progress weaken the impact of environmental policies on technological change; examines the rationale for and type of policies in support of renewables at an early stage of their commercialisation; analyses to what extent so-called experience curves enlighten the debate on the rationale of such policies; and - assuming that early-stage renewables cannot establish themselves in the market - develops a method for assessing the economics of renewable energy projects based on new technologies.
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Bibliographic InfoPaper provided by European Investment Bank, Economics Department in its series EIB Papers with number 12/2007.
Length: 29 pages
Date of creation: 25 Jun 2007
Date of revision:
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Environmental externalities; learning; renewables;
Find related papers by JEL classification:
- L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
This paper has been announced in the following NEP Reports:
- NEP-AGR-2009-06-17 (Agricultural Economics)
- NEP-ALL-2009-06-17 (All new papers)
- NEP-ENE-2009-06-17 (Energy Economics)
- NEP-ENV-2009-06-17 (Environmental Economics)
- NEP-RES-2009-06-17 (Resource Economics)
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