Please use this identifier to cite or link to this item: http://hdl.handle.net/10995/112027
Title: Impact of Carbon Pricing on Low-Carbon Innovation and Deep Decarbonisation: Controversies and Path Forward
Authors: van den Bergh, J.
Savin, I.
Issue Date: 2021
Publisher: Springer Science and Business Media B.V.
Springer Science and Business Media LLC
Citation: van den Bergh J. Impact of Carbon Pricing on Low-Carbon Innovation and Deep Decarbonisation: Controversies and Path Forward / J. van den Bergh, I. Savin. — DOI 10.1038/s41598-021-94390-3 // Environmental and Resource Economics. — 2021. — Vol. 80. — Iss. 4. — P. 705-715.
Abstract: There is an ongoing discussion about the effectiveness of carbon pricing, with a strong division between optimists and pessimists. A recent review study by Lilliestam, Patt and Bersalli (2021) of the impact of carbon pricing on low-carbon innovation and deep carbonization concludes that there is no evidence for such an impact. We evaluate this study and identify various shortcomings of it, which together cast strong doubts on its main conclusion. Instead, we conclude, based on the studies reviewed by the authors and additional, overlooked literature, that carbon pricing has had a small but positive and significant effect on low-carbon innovation. Our evaluation provides lessons for undertaking a systematic and objective review of research on this topic. Since the main goal of carbon pricing is changing choices by firms and consumers that affect carbon emissions, we also point the reader towards recent evidence for the broader effectiveness of carbon pricing. © 2021, The Author(s).
Keywords: CARBON TAX
EMISSIONS TRADING
ENERGY PRICE
INDUCED INNOVATION
INVESTMENT
LITERATURE REVIEW
CARBONIZATION
COSTS
CARBON EMISSIONS
CARBON PRICING
CARBONISATION
LOW CARBON
CARBON
URI: http://hdl.handle.net/10995/112027
Access: info:eu-repo/semantics/openAccess
SCOPUS ID: 85114922312
PURE ID: 28946619
ISSN: 0924-6460
DOI: 10.1038/s41598-021-94390-3
metadata.dc.description.sponsorship: This research was supported by European Research Council (ERC) Grant 741087 in EU-Horizon2020. I.S. acknowledges financial support from the Russian Science Foundation [RSF grant number 19-18-00262].
RSCF project card: 19-18-00262
CORDIS project card: EU-H2020: 741087
Appears in Collections:Научные публикации, проиндексированные в SCOPUS и WoS CC

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