dc.contributor.author | MARCANTONINI, Claudio | |
dc.contributor.author | TEIXIDO-FIGUERAS, Jordi | |
dc.contributor.author | VERDE, Stefano F. | |
dc.contributor.author | LABANDEIRA, Xavier | |
dc.date.accessioned | 2017-07-31T13:10:39Z | |
dc.date.available | 2017-07-31T13:10:39Z | |
dc.date.issued | 2017 | |
dc.identifier.isbn | 9789290845478 | |
dc.identifier.issn | 2467-4540 | |
dc.identifier.uri | https://hdl.handle.net/1814/47525 | |
dc.description.abstract | • The empirical literature indicates that, in Phases I and II, the impact of the EU ETS on low-carbon innovation was moderate. The findings of one prominent study, which measures innovation output by patent counts, present a more clearly positive picture. • The empirical literature indicates that, in Phases I and II, low-carbon investments brought about by the EU ETS were typically small-scale, with short amortisation times (e.g., three to five years), producing incremental emission reductions. • In view of the EU’s long-term emission reduction targets, there is scope to improve the dynamic efficiency of the EU ETS by strengthening incentives for low-carbon innovation and investment. Tightening the cap and extending allowance auctioning in a predictable way are the most frequent recommendations in the literature. • There is a compelling economic case, related to innovation spill overs, scale and network economies, competitiveness preservation and energy security, for complementing the EU ETS with stronger R&D policies. • The Innovation Fund – the future EU ETS funding programme for low-carbon innovation – will build on the experiences gained through the existing NER 300 programme in several important respects. | en |
dc.format.mimetype | application/pdf | |
dc.language.iso | en | en |
dc.relation.ispartofseries | Policy Briefs | en |
dc.relation.ispartofseries | 2017/22 | en |
dc.relation.ispartofseries | Florence School of Regulation | en |
dc.relation.ispartofseries | Climate | en |
dc.relation.ispartofseries | LIFE SIDE | en |
dc.relation.ispartofseries | Climate | en |
dc.relation.uri | http://fsr.eui.eu/ | |
dc.rights | info:eu-repo/semantics/openAccess | en |
dc.title | Low-carbon innovation and investment in the EU ETS | en |
dc.type | Other | en |
dc.identifier.doi | 10.2870/402517 | |
eui.subscribe.skip | true | |