Environmental Modeling & Assessment

, Volume 4, Issue 2, pp 67–85

Issues in modeling induced technological change in energy, environmental, and climate policy

  • John P. Weyant
  • Thomas Olavson
Article

DOI: 10.1023/A:1019012317160

Cite this article as:
Weyant, J.P. & Olavson, T. Environmental Modeling & Assessment (1999) 4: 67. doi:10.1023/A:1019012317160

Abstract

This paper addresses the objective of including Induced Technological Change (ITC) in research and policy models of energy, environment, and climate change. Theoretical foundations, fundamentals, and current methodologies for ITC models are reviewed. In addition, limitations and possible extensions to ITC models are explored. Current approaches to energy-environmental modeling that neglect technological characteristics such as heterogeneity, uncertainty, and path-dependence are likely to underestimate both the impact and the lags in the effectiveness of policy options.

climate policy technological change spillovers innovation theory 

Copyright information

© Kluwer Academic Publishers 1999

Authors and Affiliations

  • John P. Weyant
    • 1
    • 2
  • Thomas Olavson
    • 1
    • 2
  1. 1.Energy Modeling ForumStanfordUSA E-mail
  2. 2.Department of Engineering-Economic Systems and Operations ResearchStanford UniversityStanfordUSA

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