Assessing the dynamic efficiency of internal mitigation projects. An evolutionary perspective |
| |
Authors: | Pablo del Río |
| |
Institution: | (1) Institute for Public Goods and Policies (IPP), Consejo Superior de Investigaciones Científicas (CSIC), C/Albasanz 26-28, Madrid, 28037, Spain |
| |
Abstract: | Internal mitigation projects have recently been proposed as an additional flexibility mechanism, particularly in the context
of the European Union. Their main objective is to engage sectors not included in the European Union emissions trading scheme
(EU ETS) in cost-effective emissions reductions. However, in this paper it is argued that, when assessed in terms of dynamic
efficiency, the instrument is likely to be, at best, irrelevant to induce the scale of systemic technological changes which
are required to tackle the climate change problem and, at worst, detrimental for this task. Insights from the Evolutionary
Economics of technological change complemented with political economy considerations are used to support this claim.
|
| |
Keywords: | Dynamic efficiency Emissions trading Evolutionary economics Internal projects Mitigation |
本文献已被 SpringerLink 等数据库收录! |
|