The Economics of Climate Change Policies: Macroeconomic Effects, Structural Adjustments and Technological Change

Description

The protection of the earth's atmosphere requires substantial efforts to reduce CO2 and other greenhouse gas emissions. In order to meet these targets, governments have started to implement climate policies which include informational measures such as demonstration programmes as well as economic instruments such as energy or emission taxes, emission trading schemes, efficiency standards and labelling systems for appliances, and subsidies for low- or no-carbon technologies such as renewable energy sources. This book presents a highly policy-relevant overview of the likely macroeconomic effects of climate change policy. It portrays the current debate and analyses the modelling results of existing studies. The authors also present their own empirical results which contribute to closing the gap with regard to structural effects and impacts on technological change of climate change policies. Front Matter....Pages i-vii Introduction....Pages 1-3 Effects of Climate Policy on the Economy: A Theoretical Perspective....Pages 5-32 Empirical Results of the Macroeconomic Impacts....Pages 33-51 Structural Adjustments....Pages 53-70 Theoretical Approaches and the State-of-the-Art in Accounting for Technological Change....Pages 71-85 Technological Change and Energy Consumption in Energy Intensive Industry....Pages 87-106 Barriers to the Diffusion of Energy Efficiency in the German Commercial and Services Sectors....Pages 107-117 Innovation Effects of Regulation – Case Study for Wind Energy....Pages 119-141 Summary and Conclusions....Pages 143-152 Back Matter....Pages 153-169