IDEAS home Printed from https://ideas.repec.org/p/ece/annrep/2009_3.html
   My bibliography  Save this paper

Addressing Climate Change through Innovation: The Challenges Ahead

Author

Listed:
  • Jose Palacin

    () (United Nations Economic Commission for Europe)

Abstract

A key component of climate change mitigation efforts will be the need to develop new technological solutions and to diffuse current state-of-the-art technologies to developing countries. However, due to a number of market failures, the required research and technological transfers are currently not being undertaken. The essay discusses how what has been learned about promoting innovation policies at the general level can be applied to the specific challenges in the environmental area. It stresses the need to establish the proper regulatory and institutional frameworks as a precondition for attracting funding into these activities. More specifically, there is a current need to set a realistic price for carbon emissions that will provide an important financial incentive for firms to invest in mitigation technologies. The issue of finding finance for often long-term and risky environmental projects is likely to become especially difficult due to the 2008 financial crisis.

Suggested Citation

  • Jose Palacin, 2009. "Addressing Climate Change through Innovation: The Challenges Ahead," UNECE Annual Report Economic Essays 2009_3, UNECE.
  • Handle: RePEc:ece:annrep:2009_3
    as

    Download full text from publisher

    File URL: http://www.unece.org/fileadmin/DAM/oes/nutshell/2009/3_ClimateChangeInnovation.pdf
    File Function: First version, 2009
    Download Restriction: no

    More about this item

    Keywords

    Climate change; global warming; innovation; finance;

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ece:annrep:2009_3. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Robert Shelburne). General contact details of provider: http://edirc.repec.org/data/eceunch.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.