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Titolo:
Joint management of emission abatement and technological innovation for stock externalities
Autore:
Baudry, M;
Indirizzi:
CREREG, Fac Sci Econ, F-35065 Rennes, France CREREG Rennes France F-35065 REREG, Fac Sci Econ, F-35065 Rennes, France
Titolo Testata:
ENVIRONMENTAL & RESOURCE ECONOMICS
fascicolo: 2, volume: 16, anno: 2000,
pagine: 161 - 183
SICI:
0924-6460(200006)16:2<161:JMOEAA>2.0.ZU;2-1
Fonte:
ISI
Lingua:
ENG
Soggetto:
ENVIRONMENTAL-PROTECTION; POLLUTION-CONTROL; IRREVERSIBILITY; UNCERTAINTY; INVESTMENT; POLICY; INCENTIVES; ECONOMICS;
Keywords:
climatic change; innovation; irreversibility; options; stock externality;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
Citazioni:
25
Recensione:
Indirizzi per estratti:
Indirizzo: Baudry, M CREREG, Fac Sci Econ, 7 Pl Hoche, F-35065 Rennes, France CREREG 7 Pl Hoche Rennes France F-35065 F-35065 Rennes, France
Citazione:
M. Baudry, "Joint management of emission abatement and technological innovation for stock externalities", ENVIRON R E, 16(2), 2000, pp. 161-183

Abstract

We investigate how emission abatement and technological innovation providedifferent solutions to reduce pollutant emissions. In the case of a stock externality emission abatement leads to a smooth and continuous adjustment of emissions. Conversely, technological innovation has to be interpreted asan option on a less polluted environment and can justify the use of a pollution threshold above which it is optimal to start a research and development programme for a less polluting technology. It is shown that technological innovation interferes with the traditional emission abatement approach. The optimal abatement level is logically lowered once the less polluting technology is available; nevertheless a temporary increase in emissions is optimal during the research and development period. The usual Pigouvian tax system proves to remain an efficient corrective instrument. A numerical application to the Greenhouse effect is provided.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 23/01/21 alle ore 03:22:47