Toward Sustainable Technology
ECONOMIC THOUGHT AND U.S. CLIMATE CHANGE POLICY, David Driesen, ed., MIT Press, 2009
41 Pages Posted: 10 Sep 2008
Abstract
This paper offers suggestions for climate change policies advancing technological changes necessary for sustainable development. It first explains why relentless pursuit of cost effectiveness through broad environmental benefit trading does not maximize long term technological advancement and explores options for narrowing trading's design. It then explores two alternatives to Kyoto style trading to show how a goal of creating a positive long term economic dynamic
Keywords: emissions trading, economic incentives, kyoto protocol, climate change, market mechanisms
JEL Classification: K32
Suggested Citation: Suggested Citation