International Emissions Trading and Induced Carbon-Saving Technical Change: Effects of Restricting the Trade in Carbon Rights
- Publisher: Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
Emissionshandel | integrated assessment model | Welt | Technischer Fortschritt | Endogener technischer Fortschritt | induced technological change | Simulation | Regulierung | emissions trading | Kohlendioxid | flexibility mechanism | RICE model | Carbon-saving technological progress; Emissions trading; Flexibility mechanism; Induced technological change; Integrated assessment model | carbon-saving technological progress | Klimaschutz
This paper examines the implications of restricting the tradability of carbon rights in the presence of induced technical change. Unlike earlier approaches aiming at exploring the tradability-technology linkage we focus on climate-relevant 'carbon-saving' technical chan...