Research Catalog

Title

The Role of R&D and Technology Diffusion in Climate Change Mitigation [electronic resource]: New Perspectives Using the WITCH Model / Valentina Bosetti ... [et al]

Publication

Paris : OECD Publishing, 2009.

Details

Additional Authors

• Bosetti, Valentina.
• Carraro, Carlo.
• Duval, Romain.
• Sgobbi, Alessandra.
• Tavoni, Massimo.

Description

54 p.; 21 x 29.7cm.

Summary

This paper uses the WITCH model, a computable general equilibrium model with endogenous technological change, to explore the impact of various climate policies on energy technology choices and the costs of stabilising greenhouse gas concentrations. Current and future expected carbon prices appear to have powerful effects on R&D spending and clean technology diffusion. Their impact on stabilisation costs depends on the nature of R&D: R&D targeted at incremental energy efficiency improvements has only limited effects, but R&D focused on the emergence of major new low-carbon technologies could lower costs drastically if successful – especially in the non-electricity sector, where such low-carbon options are scarce today. With emissions coming from multiple sources, keeping a wide range of options available matters more for stabilisation costs than improving specific technologies. Due to international knowledge spillovers, stabilisation costs could be further reduced through a complementary, global R&D policy. However, a strong price signal is always required.

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.664

Uniform Title

OECD Economics Department Working Papers, no.664.

Subject

Economics

LCCN

10.1787/227114657270

OCLC

oecd-lib

Title

The Role of R&D and Technology Diffusion in Climate Change Mitigation [electronic resource]: New Perspectives Using the WITCH Model / Valentina Bosetti ... [et al]

Imprint

Paris : OECD Publishing, 2009.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.664

OECD Economics Department Working Papers, 1815-1973 ; no.664.

Connect to:

Full text online available onsite at NYPL

Indexed Term

Economics

Added Author

Bosetti, Valentina.

Carraro, Carlo.

Duval, Romain.

Sgobbi, Alessandra.

Tavoni, Massimo.

Other Standard Identifier

10.1787/227114657270 doi