Modeling Technological Change in Economic Models of Climate Change: A Survey

Modeling technological change in economic models of climate change: A survey

Technological Change in Economic Models of Environmental Policy: A Survey

This paper provides an overview of the treatment of technological change in economic models of environmental policy. Numerous economic modeling studies have confirmed the sensitivity of midand long-run climate change mitigation cost and benefit projections to assumptions about technology costs. In general, technical progress is considered to be a noneconomic, exogenous variable in global climat...

Endogenous technological change in climate-energy-economic models : an inventory of key uncertainties

This article gives an overview of uncertainties related to endogenous technological change as observed in IAMs of global warming, both for bottom-up and top-down climate-energyeconomic models. A classification is formulated by which uncertainties can be evaluated, and through which one can distinguish between modelling, methodological and parameter uncertainties. We emphasise that the analysis ...

Representing induced technological change in models for climate policy analysis

Induced technological change (ITC),whereby the relative price effects of reducing greenhouse gas emissions stimulate innovation that mitigates the cost of abatement, is both tantalizing to decision makers and challenging to represent in the computational economic and engineering models used to analyze climate change policy. This overview reconciles the divergent views of technology and technolo...

Modeling Endogenous Technological Change for Climate Policy Analysis

The approach used to model technological change in a climate policy model is a critical determinant of its results. We provide an overview of the different approaches used in the literature, with an emphasis on recent developments regarding endogenous technological change, research and development, and learning. Detailed examination sheds light on the salient features of each approach, includin...