| ID | 149913 |
| Title Proper | Do national-level policies to promote low-carbon technology deployment pay off for the investor countries? |
| Language | ENG |
| Author | Hultman, Nathan E ; Iyer, Gokul C ; Clarke, Leon E ; Edmonds, James A |
| Summary / Abstract (Note) | National-level policies to promote deployment of low-carbon technologies have been suggested and used as a means to reduce greenhouse gas emissions in the context of international climate change mitigation. The long-term benefits of such policies in the context of international climate change mitigation depend on their effects on near-term emissions abatement and resultant long-term technological change that will reduce abatement costs of achieving global mitigation goals. There is also an argument that these policies might foster early-mover advantages in international low-carbon technology markets. We first review the factors that could influence such benefits and use a global integrated assessment model to present an illustrative example to understand the potential magnitude of these benefits. We find that reductions in long-term abatement costs might not provide sufficient incentives to justify policies to promote the deployment of low-carbon technologies, in particular, the emerging, higher-risk, and currently expensive alternatives. We also find that early-mover advantages can potentially provide substantial benefits, but only if these advantages are both strong and persistent. Our results suggest a role for international cooperation in low-carbon technology deployment to address the existence of free-riding opportunities in the context of global climate change mitigation. |
| `In' analytical Note | Energy Policy Vol. 98, No.98; Nov 2016: p.400–411 |
| Journal Source | Energy Policy 2016-11 98, 98 |
| Key Words | Climate Change ; Technological Change ; Spillover ; Integrated Assessment Model ; Low Carbon ; Green |