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Title

Project Mechanisms and Technology Diffusion in Climate Policy

Publication Year

2011

Author(s)
  • Glachant, Matthieu
  • Meniere, Yann
Source
ENVIRONMENTAL & RESOURCE ECONOMICS Volume: 49 Issue: 3 Pages: 405-423 Published: 2011
ISSN
0924-6460
Abstract

The paper deals with the diffusion of GHG mitigation technologies in developing countries. We develop a model where an abatement technology is progressively adopted by firms and we use it to compare the Clean Development Mechanism (CDM) with a standard Cap and Trade scheme (C&T). In the presence of learning spillovers, we show that the CDM yields a higher social welfare than C&T if the first adopter receives CDM credits whereas the followers do not. The analysis leads us to suggest two CDM design improvements: relaxing the additionality constraint for projects which generate significant learning externalities, and allowing collective CDM projects which could internalize learning externalities.

Author Keyword(s)
  • Climate policy
  • Technology diffusion
  • Kyoto Protocol
  • Clean development mechanism
  • Emissions trading
KeyWord(s) Plus
  • INNOVATION
  • INCENTIVES
  • PERMITS
ESI Discipline(s)
  • Economics & Business
  • Environment/Ecology
  • Social Sciences
Web of Science Category(ies)
  • Economics
  • Environmental Studies
Adress(es)

[Glachant, Matthieu; Meniere, Yann] MINES ParisTech, F-75006 Paris, France

Reprint Adress

Meniere, Y (reprint author), MINES ParisTech, 60 Bd St Michel, F-75006 Paris, France.

Country(ies)
  • France
CNRS - Adress(es)
    Accession Number
    WOS:000291393700006
    uid:/K38P47SC
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