Human Capital Formation and Global Warming Mitigation: Evidence from an Integrated Assessment Model

31 Pages Posted: 11 Dec 2009

See all articles by Carlo Carraro

Carlo Carraro

Fondazione Eni Enrico Mattei (FEEM); Ca' Foscari University of Venice; CMCC - Euro Mediterranean Centre for Climate Change (Climate Policy Division); IPCC; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute); Centre for European Policy Studies, Brussels; Green Growth Knowledge Platform; International Center for Climate Governance

Enrica De Cian

Fondazione Eni Enrico Mattei (FEEM); CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici

Massimo Tavoni

Fondazione Eni Enrico Mattei (FEEM); Princeton University - Princeton Environmental Institute

Multiple version iconThere are 2 versions of this paper

Date Written: December 2009

Abstract

Based on recent empirical evidence, this paper includes human capital and knowledge in an integrated assessment model and it assesses the interplay between innovation, human capital, climate change, and education policies. Results indicate that climate policy stimulates a dedicated form of energy-knowledge without reducing generic R&D investments. Since advancements in labour productivity have a negative impact on the environment because labour is assumed to be complement to energy, climate policy reduces education investments, on which human capital is built. However, a policy mix combining climate and education targets shows that education and climate goals can be coupled incurring in small additional economic penalties.

Keywords: climate policy, innovation, human capital

JEL Classification: O33, O41, Q43

Suggested Citation

Carraro, Carlo and De Cian, Enrica and Tavoni, Massimo, Human Capital Formation and Global Warming Mitigation: Evidence from an Integrated Assessment Model (December 2009). CESifo Working Paper Series No. 2874. Available at SSRN: https://ssrn.com/abstract=1521420

Carlo Carraro

Fondazione Eni Enrico Mattei (FEEM) ( email )

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CMCC - Euro Mediterranean Centre for Climate Change (Climate Policy Division) ( email )

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Centre for Economic Policy Research (CEPR)

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Centre for European Policy Studies, Brussels

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Green Growth Knowledge Platform ( email )

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International Center for Climate Governance ( email )

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Enrica De Cian (Contact Author)

Fondazione Eni Enrico Mattei (FEEM) ( email )

Campo S. M. Formosa, Castello 5252
Venice, 30122
Italy

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

via Augusto Imperatore, 16
Lecce, I-73100
Italy

Massimo Tavoni

Fondazione Eni Enrico Mattei (FEEM) ( email )

Corso Magenta 63
20123 Milan
Italy

Princeton University - Princeton Environmental Institute

22 Chambers Street
Princeton, NJ 08544-0708
United States

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