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Environmental and technology externalities: policy and investment implications

Author

Listed:
  • Kolev, Atanas

    () (European Investment Bank, Economic and Financial Studies)

  • Riess, Armin

    () (European Investment Bank, Economic and Financial Studies)

Abstract

Recognising that environmental and technology externalities affect the development of renewable energy technologies, this paper illustrates how environmental policies induce technological change and how market failures that hinder technological progress weaken the impact of environmental policies on technological change; examines the rationale for and type of policies in support of renewables at an early stage of their commercialisation; analyses to what extent so-called experience curves enlighten the debate on the rationale of such policies; and - assuming that early-stage renewables cannot establish themselves in the market - develops a method for assessing the economics of renewable energy projects based on new technologies.

Suggested Citation

  • Kolev, Atanas & Riess, Armin, 2007. "Environmental and technology externalities: policy and investment implications," EIB Papers 12/2007, European Investment Bank, Economics Department.
  • Handle: RePEc:ris:eibpap:2007_012
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    File URL: http://www.eib.org/attachments/efs/eibpapers/eibpapers_2007_v12_n02_en.pdf#page=136
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    Citations

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    Cited by:

    1. Söderholm, Patrik & Pettersson, Maria, 2011. "Offshore wind power policy and planning in Sweden," Energy Policy, Elsevier, vol. 39(2), pages 518-525, February.
    2. Pettersson, Fredrik & Söderholm, Patrik, 2009. "The diffusion of renewable electricity in the presence of climate policy and technology learning: The case of Sweden," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(8), pages 2031-2040, October.
    3. Mani, Swaminathan & Dhingra, Tarun, 2013. "Policies to accelerate the growth of offshore wind energy sector in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 24(C), pages 473-482.

    More about this item

    Keywords

    Environmental externalities; learning; renewables;

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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