Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Incentives for innovation and adoption of new technology under emissions trading
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics Stockholm.
2009 (English)Report (Other academic)
Abstract [en]

A common claim in both the public and academic debate is that a tradable emission permits scheme does not provide sufficient incentives for R&D investments. The present paper addresses R&D investments and penetration rates of new technology focusing on the specific characteristics of a tradable permits market. It is showed that a complex dependency between the emissions cap, the market price for emission permits, the price for technology once it is developed and the R&D investment decision add an additional layer to the ‘traditional’ market failures associated with R&D. Even though the cap and how it is calibrated in response to the introduction of new technology is shown to be of importance both for the level of R&D investment and the technology’s penetration rate, we argue that the policy maker’s ability to use the cap to counter market failures in the R&D stage is limited. This is due to a dynamic inconsistency problem where the policy maker is unable to credibly commit to a future policy that is more stringent than motivated by efficiency concerns given the then existing technology. Such a policy may not be stringent enough to cover the necessary R&D investments.

Place, publisher, year, edition, pages
Stockholm: Centre for Transport Studies , 2009. , 21 p.
Series
CTS Working Paper, 2009:10
Keyword [en]
Emission, Trade, Emission control
National Category
Economics
Research subject
Road: Transport, society, policy and planning, Road: Environment; Road: General works, surveys, comprehensive works, Road: Economics
Identifiers
URN: urn:nbn:se:vti:diva-707OAI: oai:DiVA.org:vti-707DiVA: diva2:669407
Available from: 2013-12-03 Created: 2013-12-03 Last updated: 2014-09-25Bibliographically approved

Open Access in DiVA

fulltext(223 kB)42 downloads
File information
File name FULLTEXT01.pdfFile size 223 kBChecksum SHA-512
6edb02ea787f6d4161bbab06e3486e8cc2083457c798b296c80056491517c9e5295b5930585462f18a17cba96da120c629e14c2dc11cdc7aad28fff481ecd2dd
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Mandell, Svante
By organisation
Transport economics Stockholm
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 42 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 13 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf