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No Green Growth Without Innovation

Author

Listed:
  • 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 green 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 green growth in the private sector.

Suggested Citation

  • Philippe Aghion & Reinhilde Veugelers & David Hemous, 2009. "No Green Growth Without Innovation," Policy Briefs 353, Bruegel.
  • Handle: RePEc:bre:polbrf:353
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    File URL: http://bruegel.org/wp-content/uploads/imported/publications/pb_climatervpa_231109_01.pdf
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    Citations

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    Cited by:

    1. Atkinson, Robert D. & Hackler, Darrene, 2010. "Economic Doctrines and Approaches to Climate Change Policy," MPRA Paper 29718, University Library of Munich, Germany.
    2. 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.
    3. repec:wfo:wstudy:58885 is not listed on IDEAS
    4. Christian Le Bas & Nicolas Poussing, 2013. "Firm voluntary measures for environmental changes, eco-innovations and CSR : Empirical analysis based on data surveys," Working Papers 1322, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    5. Isabelle Nicolaï & Julien Pillot, 2017. "Promote and Support Eco-innovation," Post-Print hal-01715029, HAL.
    6. 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.
    7. repec:wfo:wstudy:40225 is not listed on IDEAS
    8. Bettina Bahn-Walkowiak & Raimund Bleischwitz & Martin Distelkamp & Mark Meyer, 2012. "Taxing construction minerals: a contribution to a resource-efficient Europe," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 25(1), pages 29-43, July.
    9. 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.
    10. repec:wfo:wstudy:58202 is not listed on IDEAS
    11. Veugelers, Reinhilde, 2012. "Which policy instruments to induce clean innovating?," Research Policy, Elsevier, vol. 41(10), pages 1770-1778.
    12. Ziga Zarnic, 2010. "European Electricity Market Reforms: Any Signs of Efficiency Improvements?," LICOS Discussion Papers 26210, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
    13. Andreas Reinstaller & Peter Reschenhofer, 2015. "Path dependence in national systems of production and "self discovery" of environmental technologies in the EU 28 countries," WWWforEurope Working Papers series 106, WWWforEurope.
    14. Raimund Bleischwitz, 2012. "Towards a resource policy—unleashing productivity dynamics and balancing international distortions," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 24(2), pages 135-144, June.
    15. Grégoire Garsous, 2011. "On Clean Technology Diffusion Mechanisms," Working Papers ECARES ECARES 2011-013, ULB -- Universite Libre de Bruxelles.
    16. 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.
    17. 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).
    18. Stefan Schleicher, 2015. "Deepening the scope of the “economic model”: Functionalities, structures, mechanisms, and institutions," WWWforEurope Policy Paper series 24, WWWforEurope.
    19. Braun, Frauke G. & Hooper, Elizabeth & Wand, Robert & Zloczysti, Petra, 2011. "Holding a candle to innovation in concentrating solar power technologies: A study drawing on patent data," Energy Policy, Elsevier, vol. 39(5), pages 2441-2456, May.
    20. Dong-Hwan Kim & Jesse Campbell, 2015. "Development, Diversification, and Legitimacy: Emergence of the Committee-Based Administrative Model in South Korea," Public Organization Review, Springer, vol. 15(4), pages 551-564, December.

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