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Clean energy technology and the role of non-carbon price based policy: an evolutionary economics perspective

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  • Knight, Eric
  • Howarth, Nicholas

Abstract

Much academic attention has been paid to the role of carbon pricing in developing a market-led response to low carbon energy innovation. Taking an evolutionary economics perspective this paper makes the case as to why price mechanisms alone are insufficient to support new energy technologies coming to market. In doing so, we set out the unique investment barriers in the clean energy space. For guidance on possible approaches to non-carbon price based policies that seek to tackle these barriers we turn to case studies from Asia, a region which has experienced a strong uptake in climate policy in recent years.

Suggested Citation

  • Knight, Eric & Howarth, Nicholas, 2011. "Clean energy technology and the role of non-carbon price based policy: an evolutionary economics perspective," Working Papers 249388, Australian National University, Centre for Climate Economics & Policy.
  • Handle: RePEc:ags:ancewp:249388
    DOI: 10.22004/ag.econ.249388
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    File URL: http://ageconsearch.umn.edu/record/249388/files/CCEP-2-11.pdf
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    References listed on IDEAS

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    5. Costantini, Valeria & Crespi, Francesco, 2008. "Environmental regulation and the export dynamics of energy technologies," Ecological Economics, Elsevier, vol. 66(2-3), pages 447-460, June.
    6. Bürer, Mary Jean & Wüstenhagen, Rolf, 2009. "Which renewable energy policy is a venture capitalist's best friend? Empirical evidence from a survey of international cleantech investors," Energy Policy, Elsevier, vol. 37(12), pages 4997-5006, December.
    7. Richard G. Newell & Adam B. Jaffe & Robert N. Stavins, 1999. "The Induced Innovation Hypothesis and Energy-Saving Technological Change," The Quarterly Journal of Economics, Oxford University Press, vol. 114(3), pages 941-975.
    8. Karen Palmer & Wallace E. Oates & Paul R. Portney, 1995. "Tightening Environmental Standards: The Benefit-Cost or the No-Cost Paradigm?," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 119-132, Fall.
    9. Dieter Helm, 2005. "Economic Instruments and Environmental Policy," The Economic and Social Review, Economic and Social Studies, vol. 36(3), pages 205-228.
    10. Nick Johnstone & Ivan Haščič & David Popp, 2010. "Renewable Energy Policies and Technological Innovation: Evidence Based on Patent Counts," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 45(1), pages 133-155, January.
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    Cited by:

    1. Shum, Kwok L., 2017. "Renewable energy deployment policy: A transition management perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 1380-1388.

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    Keywords

    Resource /Energy Economics and Policy;

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