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Publication . Article . 2003

Subsidizing the Adoption of Energy-saving Technologies: Analyzing the Impact of Uncertainty, Learning and Maturation

Henri L.F. de Groot; Peter Mulder; Daan van Soest;
Open Access
Published: 01 Jan 2003 Journal: SSRN Electronic Journal (eissn: 1556-5068, Copyright policy )
Publisher: Elsevier BV
Abstract
As part of the Kyoto Protocol, many countries have committed themselves to substantially reduce the emission of greenhouse gases within a politically imposed time constraint. Investment subsidies can be an important instrument to stimulate the adoption of energy-saving technologies to achieve emission reduction targets. This paper addresses the impact of adoption subsidies on the amount of energy savings, taking into account endogeneity and uncertainty of technological progress. Neglecting these two characteristics of technological progress tends to result in overestimation of the short-run effectiveness of investment subsidies, whereas the effects on long-run effectiveness are ambiguous.
Subjects by Vocabulary

Microsoft Academic Graph classification: Environmental economics Subsidy Technological change Time constraint Efficient energy use Greenhouse gas Investment (macroeconomics) Economics Kyoto Protocol Endogeneity

Related to Research communities
Energy Research
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