The role of markets and policies in delivering innovation for climate change mitigation

By Richard G. Newell. 2010

149 citations recorded by the source corpus.

This paper identifies market incentives and international and domestic policies that could technologically alter energy systems to achieve greenhouse gas stabilization targets while also meeting other societal goals. I consider the conceptual basis and empirical evidence on the effectiveness and efficiency of climate technology policies. The paper reviews the literature on trends and prospects for innovation in climate change mitigation and examines the evidence on induced innovation and the implications for the choice of technology policy. I then consider the impact of technological advances on the environment, the role of direct government support for R&D, and the complementarities between policies internalizing environmental externalities and those aimed at environmental innovations. Copyright 2010, Oxford University Press.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/34a470121387f02439ef0df4c7424bec12186b4a

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Citations in the corpus

Physical and policy pathways to net‐zero emissions industry (2019, background): “Also, as with all innovation (Newell, 2010), there will always be public good technology “spill overs,” where others capture the benefits of a new technology without paying the development costs.”
Economic growth and development with low‐carbon energy (2017, background): “Supporting clean-tech innovation requires a combination of environmental policies (addressing environmental externalities) and R&D policies (addressing innovation-related market failures) along the full “innovation chain” from research to development, demonstration and deployment (Grubb 2014; Popp 2”
Determinants of households’ investment in energy efficiency and renewables: evidence from the OECD survey on household environmental behaviour and attitudes (2015, background): “underinvestment in research, development and innovation [14, 16, 17] may be addressed.”
Negative emissions—Part 3: Innovation and upscaling (2018, background): “Moreover, learning by doing often is distinct and complementary to R&D, not a substitute for it (Newell 2010, Corradini et al 2014).”
Environmental policy, government, and the market (2010, background): “16 The view that ‘citizen preferences’ may be different to ‘consumer preferences’ is also relevant in this context (Sagoff, 1988). by guest on N ovem ber 27, 2012 http://oxrep.oxfordjournals.org/ D ow nloaded from A related conclusion is drawn by Newell (2010).”
Specialisation, diversification and the ladder of green technology development (2020, unknown): “The first is that uncertainty on the appropriability of the prospective environmental benefits (Jaffe et al., 2005; Newell, 2010) due to clean technologies adds to the classic underinvestment due to free riding on R&D (Arrow, 1962; Nelson, 1959), thus creating a ’double externality’.”
National and Sub-national Policies and Institutions (2014, background): “For surveys, see (Newell, 2010) and 15 (Popp, Newell, et al.”
The innovation effects of environmental policy instruments — A typical case of the blind men and the elephant? (2011, background): “It is being observed that eco-innovation suffers from two market failures — the public good nature of knowledge and non-internalisation of externalities (Jaffe et al., 2002b; Newell, 2010; Popp, 2010; Rennings, 2000), calling for policies of push and pull, raising questions about the proper balance ”
Demand-pull and technology-push public support for eco-innovation: The case of the biofuels sector (2015, background): “2 Stringent environmental regulation may induce flows of innovations that facilitate being compliant with the environmental targets by changing relative prices and the relative profitability of alternative technologies (Jaffe and Palmer, 1997; Newell, 2010; Porter and van der Linde, 1995).”
Public financing of innovation: new questions (2017, background): “Hence, carbon taxes and R&D spending are recommended (Newell, 2010, Fisher et al., 2013).”