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Clean Energy Technology and the Role of Non-Carbon Price Based Policy: an Evolutionary Economics Perspective

Author

Listed:
  • Eric Knight

    (Department of Geography and the Environment, University of Oxford, Oxford, UK)

  • Nicholas Howarth

    (Department of Geography and the Environment, University of Oxford, Oxford, UK)

Abstract

Much academic attention has been paid to the role of carbon pricing in developing a market-led response to low carbon energy innovation. Taking an evolutionary economics perspective this paper makes the case as to why price mechanisms alone are insufficient to support new energy technologies coming to market. In doing so, we set out the unique investment barriers in the clean energy space. For guidance on possible approaches to non-carbon price based policies that seek to tackle these barriers we turn to case studies from Asia, a region which has experienced a strong uptake in climate policy in recent years.

Suggested Citation

  • Eric Knight & Nicholas Howarth, 2011. "Clean Energy Technology and the Role of Non-Carbon Price Based Policy: an Evolutionary Economics Perspective," CCEP Working Papers 1102, Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University.
    • Handle: RePEc:een:ccepwp:1102
    as

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    File URL: http://ccep.anu.edu.au/data/2011/pdf/wpapers/CCEP-2-11.pdf
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    References listed on IDEAS

    as
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    6. Richard G. Newell & Adam B. Jaffe & Robert N. Stavins, 1999. "The Induced Innovation Hypothesis and Energy-Saving Technological Change," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(3), pages 941-975.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. CCEP Working Papers in March 2011
      by David Stern in Stochastic Trend on 2011-04-02 04:04:00

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    Cited by:

    1. Shum, Kwok L., 2017. "Renewable energy deployment policy: A transition management perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 1380-1388.

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    More about this item

    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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