Arbeitspapier
Innovation benefits from nuclear phase-out: Can they compensate the costs?
This paper investigates whether an inefficient allocation of abatement, due to constraints on the use of currently available low carbon mitigation options, can promote innovation in new technologies and eventually generate welfare gains. We focus on the case of nuclear power phase out, when accounting for endogenous technical change in energy efficiency and in low carbon technologies. The analysis uses the Integrated Assessment Model WITCH, which features multiple externalities due to both climate and innovation market failures. Our results show that phasing out nuclear power stimulates additional R&D investments and deployment of infant technologies with large learning potential. The innovation benefits which this would generate and that would not otherwise be captured due to intertemporal and international externalities almost completely offset the economic costs of phasing out nuclear power. The technological change benefit depends on the stringency of the climate policy and is distributed unevenly across countries.
- Language
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Englisch
- Bibliographic citation
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Series: Nota di Lavoro ; No. 96.2012
- Classification
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Wirtschaft
Publicly Provided Goods: General
Technological Change: Choices and Consequences; Diffusion Processes
Energy: General
Environmental Economics: Technological Innovation
- Subject
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Technological change
Climate policy
Nuclear phase-out
Kernenergiepolitik
Technischer Fortschritt
Regenerative Energie
Förderung regenerativer Energien
Forschung
- Event
-
Geistige Schöpfung
- (who)
-
De Cian, Enrica
Carrara, Samuel
Tavoni, Massimo
- Event
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Veröffentlichung
- (who)
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Fondazione Eni Enrico Mattei (FEEM)
- (where)
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Milano
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- De Cian, Enrica
- Carrara, Samuel
- Tavoni, Massimo
- Fondazione Eni Enrico Mattei (FEEM)
Time of origin
- 2012
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