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Technological change and uncertainty in environmental economics

Author

Listed:
  • Böhringer, Christoph
  • Mennel, Tim P.
  • Rutherford, Tom F.

Abstract

Technological change is widely believed to play a crucial role in mastering the challenges of man-made climate change. The drivers and impacts of technological change have therefore become an important research issue in the field of climate economics. While models to analyze the interactions between economy, energy and the environment initially treated technological change as exogenous, more recent modeling approaches often represent technological change as endogenously induced. Typically, models of induced technological change in climate economics are based on perfect foresight in a deterministic world. However, both technological change and climate impacts are subject to large uncertainties that may substantially affect the design of efficient climate policies. Against this background the Special Issue presents five articles contributing to the study of uncertainty and technological change in climate change economics.

Suggested Citation

  • Böhringer, Christoph & Mennel, Tim P. & Rutherford, Tom F., 2009. "Technological change and uncertainty in environmental economics," Energy Economics, Elsevier, vol. 31(Supplemen), pages 1-3.
    • Handle: RePEc:eee:eneeco:v:31:y:2009:i:supplement1:p:s1-s3
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    Cited by:

    1. Polzin, Friedemann, 2017. "Mobilizing private finance for low-carbon innovation – A systematic review of barriers and solutions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 525-535.
    2. Narita, Daiju, 2011. "Climate policy as expectation management?," Kiel Working Papers 1681, Kiel Institute for the World Economy (IfW Kiel).
    3. Ye, Fanglin & Paulson, Nicholas & Khanna, Madhu, 2022. "Are renewable energy policies effective to promote technological change? The role of induced technological risk," Journal of Environmental Economics and Management, Elsevier, vol. 114(C).
    4. Alex Bowen, 2014. "Green growth," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 15, pages 237-251, Edward Elgar Publishing.

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