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The impact of ‘clean innovation’ on economic growth: evidence from the transport and energy industries

Author

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  • Martin, Ralf
  • Vaitilingam, Romesh

Abstract

Policies on climate change that encourage 'clean innovation' while displacing 'dirty innovation' could have a positive impact on short-term economic growth while avoiding the potentially disastrous reduction in GDP that could result from climate change over the longer term.

Suggested Citation

  • Martin, Ralf & Vaitilingam, Romesh, 2014. "The impact of ‘clean innovation’ on economic growth: evidence from the transport and energy industries," LSE Research Online Documents on Economics 60616, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:60616
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    File URL: http://eprints.lse.ac.uk/60616/
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    Keywords

    Innovation spill-overs; Climate Change; Growth; Patents; Clean technology; Optimal climate policy;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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