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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. 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.

    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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