Technology Treaties and Climate Change
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Author / Producer
Date
2022-05
Publication Type
Journal Article
ETH Bibliography
yes
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Abstract
We introduce an international technology treaty ('Tech Treaty') that couples the funding of research for a more advanced abatement technology with an international emissions permit market. While each country decides on domestic permit issuance, a fraction of these permits is auctioned by an international agency. Auction revenues scale up license revenues for the innovators of abatement technologies. We show that such a treaty increases innovations and decreases emissions under plausible conditions compared to an emissions trading system without additional technology agreement. Finally, we discuss how a Tech Treaty may inspire next steps in existing technology programs.
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Publication status
published
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Book title
Journal / series
Volume
13 (2)
Pages / Article No.
2250002
Publisher
World Scientific
Event
Edition / version
Methods
Software
Geographic location
Date collected
Date created
Subject
Climate change mitigation; technology promotion; R&D; international emissions permit markets; international treaty
Organisational unit
03729 - Gersbach, Hans / Gersbach, Hans