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Financing innovation and deployment of cleantech through tax and direct expenditures

In: Tax Expenditures and Environmental Policy

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Abstract

There is a well-developed body of economic theory and empirical research in support of the role that tax and direct expenditures play in addressing positive externalities. Chapter 4 examines the use of tax and direct expenditures in fostering behavioural change. The cleantech sector is used as a case study to demonstrate how government spending fosters innovation and the take up of research and development. The significance of the object of the case study in this chapter is underscored by the fact that in the environmental policy context, innovation is not only a central driver in greening growth but also a key plank to any adaptation strategy.

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  • ., 2020. "Financing innovation and deployment of cleantech through tax and direct expenditures," Chapters, in: Tax Expenditures and Environmental Policy, chapter 4, pages 80-147, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18036_4
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