by Valentina Bosetti, Carlo Carraro, Romain Duval, Alessandra Sgobbi and Massimo Tavoni
- This paper uses the WITCH model to explore the impact of various climate policies on energy technology choices and the costs of stabilising greenhouse gas concentrations. Current and future expected carbon prices appear to have powerful effects on R&D spending and clean technology diffusion. Their impact on stabilisation costs depends on the nature of R&D: R&D targeted at incremental energy efficiency improvements has only limited effects, but R&D focused on the emergence of major new low-carbon technologies could lower costs drastically if successful especially in the non-electricity sector.
Bosetti, V., C. Carraro, R. Duval, A. Sgobbi and M. Tavoni (2009). "The Role of R&D and Technology Diffusion in Climate Change Mitigation: New Perspectives using the WITCH Model." OECD Working Paper No. 664, February.
