It takes the average reader 1 hour and 17 minutes to read Can International Technological Diffusion Substitute for Coordinated Global Policies to Mitigate Climate Change? by Mr. Philip Barrett
Assuming a reading speed of 250 words per minute. Learn more
In short, yes. I use a multi-region integrated assessment model with fuel-specific endogenous technical change to examine the impact of Europe and China reducing emissions to zero by mid-century. Without international technological diffusion this is insufficient to avoid catastrophic climate change. But when innovation can diffuse overseas, long-run temperature increases are limited to 3 degrees. This occurs because policy not only encourages green innovations but also dissuades dirty innovations which would otherwise spread. The most effective policy package in emissions-reducing regions is a research subsidy funded by a carbon tax, driven in the short term by the direct effect of the carbon tax on the composition of energy, and later by innovation induced by research subsidies. Green production subsidies are ineffective because they undermine incentives for innovation.
Can International Technological Diffusion Substitute for Coordinated Global Policies to Mitigate Climate Change? by Mr. Philip Barrett is 76 pages long, and a total of 19,456 words.
This makes it 26% the length of the average book. It also has 24% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 46 minutes to read Can International Technological Diffusion Substitute for Coordinated Global Policies to Mitigate Climate Change? aloud.
Can International Technological Diffusion Substitute for Coordinated Global Policies to Mitigate Climate Change? is suitable for students ages 8 and up.
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