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Corrigendum to "Impact assessment of emissions stabilization scenarios with and without induced technological change" [Energy Policy 35 (2007) 5337-5345]

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  • Kemfert, Claudia
  • Truong, Truong

Abstract

The main aim of this paper is to investigate quantitatively the economic impacts of emissions stabilization scenarios with and without the inclusion of induced technological change (ITC). Improved technological innovations are triggered by increased R&D expenditures that advance energy efficiencies. Model results show that induced technological changes due to increased investment in R&D reduce compliance costs. Although R&D expenditures compete with other investment expenditures, we find that increased R&D expenditures improve energy efficiency which substantially lowers abatement costs. Without the inclusion of induced technological change, emissions targets are primarily reached by declines in production, resulting in overall welfare reductions. With the inclusion of induced technological changes, emissions mitigations can result in fewer production and GDP drawbacks.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Kemfert, Claudia & Truong, Truong, 2008. "Corrigendum to "Impact assessment of emissions stabilization scenarios with and without induced technological change" [Energy Policy 35 (2007) 5337-5345]," Energy Policy, Elsevier, vol. 36(6), pages 2292-2292, June.
    • Handle: RePEc:eee:enepol:v:36:y:2008:i:6:p:2292-2292
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    Cited by:

    1. Li, Bo & Han, Yukai & Wang, Chensheng & Sun, Wei, 2022. "Did civilized city policy improve energy efficiency of resource-based cities? Prefecture-level evidence from China," Energy Policy, Elsevier, vol. 167(C).
    2. Caetano, Marco Antonio Leonel & Gherardi, Douglas Francisco Marcolino & Yoneyama, Takashi, 2008. "Optimal resource management control for CO2 emission and reduction of the greenhouse effect," Ecological Modelling, Elsevier, vol. 213(1), pages 119-126.
    3. Peterson, Everett B. & Schleich, Joachim & Duscha, Vicki, 2011. "Environmental and economic effects of the Copenhagen pledges and more ambitious emission reduction targets," Energy Policy, Elsevier, vol. 39(6), pages 3697-3708, June.
    4. Haiqian Ke & Wenyi Yang & Xiaoyang Liu & Fei Fan, 2020. "Does Innovation Efficiency Suppress the Ecological Footprint? Empirical Evidence from 280 Chinese Cities," IJERPH, MDPI, vol. 17(18), pages 1-23, September.
    5. Peterson, Everett B. & Schleich, Joachim & Duscha, Vicki, 2012. "Sectoral Targets as a Means to Reduce Global Carbon Emissions," Conference papers 332200, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    6. Okay, Nesrin & Akman, Ugur, 2010. "Analysis of ESCO activities using country indicators," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(9), pages 2760-2771, December.
    7. Jensen, Henning Tarp & Jensen, Hans Grinsted & Gylling, Morten, 2009. "Adoption of GM Food Crop Varieties in the European Union," Conference papers 331886, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    8. Ashina, Shuichi & Fujino, Junichi & Masui, Toshihiko & Ehara, Tomoki & Hibino, Go, 2012. "A roadmap towards a low-carbon society in Japan using backcasting methodology: Feasible pathways for achieving an 80% reduction in CO2 emissions by 2050," Energy Policy, Elsevier, vol. 41(C), pages 584-598.

    More about this item

    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium

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