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dc.contributor.authorGreaker, Mads
dc.contributor.authorHagem, Cathrine
dc.date.accessioned2010-10-20T18:26:56Z
dc.date.available2010-10-20T18:26:56Z
dc.date.issued2010
dc.identifier.issn0809-733X
dc.identifier.urihttp://hdl.handle.net/11250/180315
dc.descriptionDiscussion papers (Statistisk sentralbyrå) er tilgjengelige via www.ssb.noen_US
dc.description.abstractAbstract: Our point of departure is that a group of developed countries invest in the development of greenhouse gas (GHG) abatement technologies both at home and in developing countries. Such investments reduce the cost of future GHG abatement, and influence the future GHG abatement choices of both developed and developing countries. We show how a common permit market affects the industrialized countries' strategic investment decisions. As opposed to a situation without a permit market, the industrialized countries may want to overinvest in new GHG abatement technologies both at home and abroad. That is, they increase their R&D investment to such an extent that the cost reductions from the least profitable project actually fall short of the R&D costs. Earlier research has only pointed to overinvestment abroad. Moreover, the effects of investment abroad may be tougher emission reduction targets at home, which is not possible without permit trade. KEYWORDS: Greenhouse gas abatement technologies, climate policy, strategic investments, permit trade.en_US
dc.language.isoengen_US
dc.publisherStatistics Norway. Research Departmenten_US
dc.relation.ispartofseriesDiscussion Papers;No. 615
dc.relation.urihttp://www.ssb.no/cgi-bin/publsoek?job=forside&id=dp-615&kode=dp&lang=en
dc.subjectGreenhouse gasen_US
dc.subjectClimate policyen_US
dc.subjectEmission tradingen_US
dc.subjectEmission reductionen_US
dc.subjectKlimapolitikken_US
dc.subjectKlimaendringeren_US
dc.subjectKlimakvoteren_US
dc.subjectJEL classification: D62en_US
dc.subjectInvestmentsen_US
dc.subjectJEL classification: H41en_US
dc.subjectJEL classification: O38en_US
dc.subjectJEL classification: Q58en_US
dc.titleStrategic investment in climate friendly technologies: the impact of permit tradeen_US
dc.typeWorking paperen_US
dc.source.pagenumber20 s.en_US


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