Permit markets, carbon prices and the creation of innovation clusters
dc.contributor.author
Gersbach, Hans
dc.contributor.author
Riekhof, Marie-Catherine
dc.date.accessioned
2019-05-29T13:16:19Z
dc.date.available
2018-11-09T11:17:54Z
dc.date.available
2018-11-09T12:09:41Z
dc.date.available
2019-05-29T13:16:19Z
dc.date.issued
2018-11
dc.identifier.uri
http://hdl.handle.net/20.500.11850/302729
dc.identifier.doi
10.3929/ethz-b-000302729
dc.description.abstract
Innovation clusters combining public and private effort to develop breakthrough technologies promise greater technological advances to slow down climate change. We use a multi-country model with emissions permit trade to examine how international climate policy can incentivize countries to create such clusters. We find that a minimal carbon price is needed to attract applied research firms, but countries may nevertheless fail to invest in complementary research infrastructure. We construct a mechanism that leads to innovation clusters. It is a combination of low permit endowments for the country with the lowest costs to build the needed infrastructure, compensation for this country by profits from permit trade, and maximal possible permit endowments for the remaining countries.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
dc.publisher
ETH Zurich, Center of Economic Research (CER-ETH)
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
International permit markets
en_US
dc.subject
Carbon prices
en_US
dc.subject
Innovation clusters
en_US
dc.subject
Research infrastructure
en_US
dc.subject
Applied R&D
en_US
dc.subject
Climate change mitigation
en_US
dc.subject
Externalities
en_US
dc.title
Permit markets, carbon prices and the creation of innovation clusters
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
dc.date.published
2018-11-09
ethz.journal.title
Economics Working Paper Series
ethz.journal.volume
18/303
en_US
ethz.size
46 p.
en_US
ethz.code.jel
JEL - JEL::H - Public Economics::H2 - Taxation, Subsidies, and Revenue::H23 - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics::Q54 - Climate; Natural Disasters and Their Management; Global Warming
en_US
ethz.code.jel
JEL - JEL::O - Economic Development, Innovation, Technological Change, and Growth::O3 - Innovation; Research and Development; Technological Change; Intellectual Property Rights::O32 - Management of Technological Innovation and R&D
en_US
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03729 - Gersbach, Hans / Gersbach, Hans
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03729 - Gersbach, Hans / Gersbach, Hans
en_US
ethz.relation.isPartOf
10.3929/ethz-b-000473185
ethz.date.deposited
2018-11-09T11:18:05Z
ethz.source
FORM
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2018-11-09T12:09:47Z
ethz.rosetta.lastUpdated
2020-02-15T19:22:38Z
ethz.rosetta.versionExported
true
ethz.COinS
ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.atitle=Permit%20markets,%20carbon%20prices%20and%20the%20creation%20of%20innovation%20clusters&rft.jtitle=Economics%20Working%20Paper%20Series&rft.date=2018-11&rft.volume=18/303&rft.au=Gersbach,%20Hans&Riekhof,%20Marie-Catherine&rft.genre=preprint&
Files in this item
Publication type
-
Working Paper [6063]