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P Aghion, C Hepburn, A Teytelboym, D Zenghelis - Path dependence, innovation and the economics of climate change (Policy Report 2014) | Grantham Research Institute on climate change and the environment
Grantham Research Institute on Climate Change and the Environment and ESRC Centre for Climate Change Economics and Policy at London School of Economics and Political Science.
The authors of the report – Professor Philippe Aghion (Harvard University), Professor Cameron Hepburn (University of Oxford), Dr Alexander Teytelboym (University of Oxford) and Dimitri Zenghelis (LSE)Innovation is required to transform our fossil-fuelled economy into a clean, low-carbon economy. But economic models of climate change have overlooked the role of innovation. By taking innovation fully into account, a whole new set of policy conclusions are drawn. This report finds that the longer governments wait to promote clean energy innovation, the greater the eventual cost to the environment and the economy. Increased public support for clean innovation should therefore be a priority. Government policies to promote low-carbon innovation may only need to be in place for a limited time because, once a low-carbon pathway has been kick-started, the economy will become ‘locked-in’ to that low-carbon pathway with no further intervention needed. -- downloaded via Air - added to Evernote
paper  downloaded  Evernote  climate  Innovation  green_economy  green_finance  path-dependence  technology  innovation-government-supported  infrastructure  renewables  economic_growth  economic_sociology  economic_policy  energy  energy-markets 
october 2016 by dunnettreader
Dave Roberts - Carly Fiorina did a 4-minute riff on climate change. Everything she said was wrong.| Vox - August 2015
Fiorina is test marketing the "moderate Republican" approach to do-nothing policies on climate change -- don't look like a crazy science denialist, but after "accepting the science" provide misinformation to justify do-nothing
Pocket  US_politics  GOP  climate-denialism  climate  climate-adaptation  diplomacy-environment  US_foreign_policy  renewables  oil  coal  fiscal_policy  EPA  from pocket
august 2015 by dunnettreader
Bill McKibben - Bad news for Obama: Fracking may be worse than burning coal | Grist - 8 Sep 2014
In the official Obama story (one being echoed in Hillary Clinton’s climate talking points), natural gas is a “bridge” to a world of solar and wind power, which isn’t quite ready yet. But in fact, in just the same years that we’ve learned to frack we’ve also learned an awful lot about how to scale up wind and sun. And that means that far from being a bridge, the big investments in natural gas may actually be a breakwater that keeps this new wave of truly clean energy from washing onto our shores. -- natural gas leak problems, both fracking, wells & transport -- EDF is convinced that with tight regulation and constant monitoring and inspection, about 40% of the leakage can be inexpensively controlled: about a penny per thousand cubic feet of gas, says the group’s chief scientist, Steve Hamburg. Federal rules requiring “green completion” of fracked wells will go into effect next year, a step Howarth applauds — though he and others note that enforcement will be largely left to state officials,... Still, with “unprecedented investment in natural gas infrastructure and regulatory oversight,” says Howarth, you might be able to cut leakage in half...“might result in a very modest reduction in total greenhouse gas emissions.” -- the other big factor slowing growth in renewable energy: the sudden rise in cheap shale gas. Even as the price of solar panels has dropped, inexpensive fracked gas reduces the incentives to convert to sun and wind. And once you’ve built the pipelines and gas-fired power plants, the sunk investment makes it that much harder to switch: Suddenly you have a bunch of gas barons who will fight as hard as the coal barons Obama is now trying to subdue. -- The head of the United Nations’ environment program, Achem Steiner, said earlier this year that the development of shale gas would be “a liability” in fighting global warming if “it turns into a 20-to-30-year delay” for low- and zero-carbon models.
Obama_administration  climate  energy  renewables  fracking  infrastructure  investment  energy-markets 
september 2014 by dunnettreader

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