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dc.contributor.author
Lilliestam, Johan
dc.contributor.author
Patt, Anthony
dc.contributor.author
Bersalli, Germán
dc.date.accessioned
2020-10-13T08:52:04Z
dc.date.available
2020-10-13T02:49:23Z
dc.date.available
2020-10-13T08:52:04Z
dc.date.issued
2020
dc.identifier.issn
1757-7780
dc.identifier.issn
1757-7799
dc.identifier.other
10.1002/wcc.681
en_US
dc.identifier.uri
http://hdl.handle.net/20.500.11850/445564
dc.description.abstract
In order to achieve the temperature goals of the Paris Agreement, the world must reach net‐zero carbon emissions around mid‐century, which calls for an entirely new energy system. Carbon pricing, in the shape of taxes or emissions trading schemes, is often seen as the main, or only, necessary climate policy instrument, based on theoretical expectations that this would promote innovation and diffusion of the new technologies necessary for full decarbonization. Here, we review the empirical knowledge available in academic ex‐post analyses of the effectiveness of existing, comparatively high‐price carbon pricing schemes in the European Union, New Zealand, British Columbia, and the Nordic countries. Some articles find short‐term operational effects, especially fuel switching in existing assets, but no article finds mentionable effects on technological change. Critically, all articles examining the effects on zero‐carbon investment found that existing carbon pricing scheme have had no effect at all. We conclude that the effectiveness of carbon pricing in stimulating innovation and zero‐carbon investment remains a theoretical argument. So far, there is no empirical evidence of its effectiveness in promoting the technological change necessary for full decarbonization. This article is categorized under: Climate Economics > Economics of Mitigation
en_US
dc.language.iso
en
en_US
dc.publisher
Wiley
en_US
dc.subject
carbon pricing
en_US
dc.subject
climate policy
en_US
dc.subject
decarbonization
en_US
dc.subject
technological change
en_US
dc.title
The effect of carbon pricing on technological change for full energy decarbonization: A review of empirical ex‐post evidence
en_US
dc.type
Review Article
dc.date.published
2020-09-30
ethz.journal.title
WIREs Climate Change
ethz.size
21 p.
en_US
ethz.identifier.wos
ethz.publication.place
Hoboken, NJ
en_US
ethz.publication.status
published
en_US
ethz.date.deposited
2020-10-13T02:49:28Z
ethz.source
WOS
ethz.eth
yes
en_US
ethz.availability
Metadata only
en_US
ethz.rosetta.exportRequired
true
ethz.COinS
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