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

Journal Article (Journal Article)

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. © The Author 2010. Published by Oxford University Press.

Full Text

Duke Authors

Cited Authors

  • Newell, RG

Published Date

  • June 1, 2010

Published In

Volume / Issue

  • 26 / 2

Start / End Page

  • 253 - 269

Electronic International Standard Serial Number (EISSN)

  • 1460-2121

International Standard Serial Number (ISSN)

  • 0266-903X

Digital Object Identifier (DOI)

  • 10.1093/oxrep/grq009

Citation Source

  • Scopus