Abstract
An important insight from the economic analysis of the effectiveness of public intervention for green innovations is the complementarity between policy instruments, indicating the need for an adequate policy mix of instruments rather than a focus on individual instruments. The evidence provides little support for the efficacy of single instruments, like subsidies, when used in isolation. For the EU, the biggest challenge for its green technology policy is the lack of a sufficiently high carbon price.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
About this article
Cite this article
Veugelers, R. Empowering the Green Innovation Machine. Intereconomics 51, 205–208 (2016). https://doi.org/10.1007/s10272-016-0603-1
Published:
Issue Date:
DOI: https://doi.org/10.1007/s10272-016-0603-1