Climatic Change

, Volume 114, Issue 1, pp 121–143 | Cite as

Technology innovation and diffusion in “less than ideal” climate policies: An assessment with the WITCH model

  • Enrica De Cian
  • Valentina Bosetti
  • Massimo Tavoni
Article

Abstract

This paper examines the dynamics of innovation in low-carbon energy technologies distinguishing between research and development and technology diffusion as a response to alternative climate policies. We assess the implications of second-best policies that depart from the assumption of immediate and global participation and of full technology availability. The analysis highlights the heterogeneous effects of climate policy on different energy R&D programs and discusses the contribution of important determinants such as carbon price and policy stringency, policy credibility, policy and technological spillovers and absorptive capacity.

Keywords

OECD Country Clean Development Mechanism Climate Policy Absorptive Capacity Carbon Price 

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Copyright information

© Springer Science+Business Media B.V. 2011

Authors and Affiliations

  • Enrica De Cian
    • 1
  • Valentina Bosetti
    • 1
  • Massimo Tavoni
    • 1
  1. 1.Fondazione ENI Enrico Mattei and Euro-Mediterranean Centre for Climate ChangeVeniceItaly

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