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No green growth without innovation. Bruegel Policy Brief 2009/07, November 2009

Aghion, Philippe and Hemous, David and Veugelers, Reinhilde. (2009) No green growth without innovation. Bruegel Policy Brief 2009/07, November 2009. [Policy Paper]

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    Abstract

    The 'green growth' debate is taking place in an oversimplified setting, largely disregarding the innovation factor. Technologies to mitigate climate change are being treated as given, or as emerging spontaneously, ignoring the fact that the portfolio of technologies available tomorrow depends on what is done today. This can easily lead to a misguided preference, either for subsidising the use of relatively inefficient technologies or for postponing action to later in the hope that new technologies will become available which will reduce the cost of fighting climate change. But the radical new emissions-free 'backstop technologies' we will need are not yet available, or else still far from the market. To foster their emergence the 'green innovation machine' must be turned on.

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    Item Type: Policy Paper
    Commentary on: Aghion, Philippeand Veugelers, Reinhilde and Serre, Clement. (2009) Cold start for the green innovation machine. Bruegel Policy Contribution 2009/12, November 23, 2009. [Policy Paper]
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > energy policy
    EU policies and themes > Policies & related activities > environmental policy (including international arena)
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 16 Dec 2009
    Page Range: p. 8
    Last Modified: 15 Feb 2011 18:19
    URI: http://aei.pitt.edu/id/eprint/12218

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