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  On the quality of emission reductions: observed effects of carbon pricing on investments, innovation, and operational shifts. A response to van den Bergh and Savin (2021)

Lilliestam, J., Patt, A., Bersalli, G. (2022): On the quality of emission reductions: observed effects of carbon pricing on investments, innovation, and operational shifts. A response to van den Bergh and Savin (2021). - Environmental and resource economics, 83, 3, 733-758.
https://doi.org/10.1007/s10640-022-00708-8

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 Urheber:
Lilliestam, Johan1, Autor              
Patt, Anthony2, Autor
Bersalli, German1, Autor              
Affiliations:
1IASS Institute for Advanced Sustainability Studies Potsdam, ou_96022              
2External Organizations, ou_persistent22              

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Schlagwörter: Carbon pricing, Climate policy, Decarbonisation, Technological change, Energy transition
 Zusammenfassung: To meet the Paris Agreement targets, carbon emissions from the energy system must be eliminated by mid-century, implying vast investment and systemic change challenges ahead. In an article in WIREs Climate Change, we reviewed the empirical evidence for effects of carbon pricing systems on technological change towards full decarbonisation, finding weak or no effects. In response, van den Bergh and Savin (2021) criticised our review in an article in this journal, claiming that it is “unfair”, incomplete and flawed in various ways. Here, we respond to this critique by elaborating on the conceptual roots of our argumentation based on the importance of short-term emission reductions and longer-term technological change, and by expanding the review. This verifies our original findings: existing carbon pricing schemes have sometimes reduced emissions, mainly through switching to lower-carbon fossil fuels and efficiency increases, and have triggered weak innovation increases. There is no evidence that carbon pricing systems have triggered zero-carbon investments, and scarce but consistent evidence that they have not. Our findings highlight the importance of adapting and improving climate policy assessment metrics beyond short-term emissions by also assessing the quality of emission reductions and the progress of underlying technological change.

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Sprache(n): eng - Englisch
 Datum: 2022-082022-11
 Publikationsstatus: Final veröffentlicht
 Seiten: -
 Ort, Verlag, Ausgabe: -
 Inhaltsverzeichnis: -
 Art der Begutachtung: -
 Identifikatoren: DOI: 10.1007/s10640-022-00708-8
OATYPE: Hybrid Open Access
RIFSPROJECT: https://publications.rifs-potsdam.de/cone/rifsproject/resource/276
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Titel: Environmental and resource economics
Genre der Quelle: Zeitschrift, E14, SSCI, Scopus
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Ort, Verlag, Ausgabe: Dordrecht : Springer
Seiten: - Band / Heft: 83 (3) Artikelnummer: - Start- / Endseite: 733 - 758 Identifikator: ISSN: 0924-6460
ISSN: 1573-1502
CoNE: https://publications.rifs-potsdam.de/cone/journals/resource/20211208a