Fiscal and Regulatory Instruments for Clean Technology Development in the European Union

52 Pages Posted: 4 Jun 2015

See all articles by Antoine Dechezlepretre

Antoine Dechezlepretre

London School of Economics & Political Science (LSE)

David Popp

Syracuse University - Department of Public Administration; National Bureau of Economic Research (NBER)

Date Written: May 30, 2015

Abstract

This policy note investigates whether the current level of public support to environment-friendly technologies is sufficient to allow European countries to respond to the multiple challenges posed by climate change and other environmental concerns. We first lay out the justifications for government support to clean R&D activity at the various stages of technology development, discussing particular features of clean technologies that justify policy intervention. We present empirical evidence for the impact of various policies on the development of clean technologies and use this to identify what the appropriate policy mix should look like. We present an overview of policies currently in place to support the development of clean technologies across Europe and compare the current policy landscape to the appropriate policy portfolio. This comparison allows us to provide some practical steps for reform.

Keywords: climate change, renewable energy, environmental policy, innovation, diffusion

JEL Classification: O380, Q420, Q550

Suggested Citation

Dechezlepretre, Antoine and Popp, David C., Fiscal and Regulatory Instruments for Clean Technology Development in the European Union (May 30, 2015). Available at SSRN: https://ssrn.com/abstract=2613821 or http://dx.doi.org/10.2139/ssrn.2613821

Antoine Dechezlepretre

London School of Economics & Political Science (LSE)

Houghton Street
London, WC2A 2AE
United Kingdom

David C. Popp (Contact Author)

Syracuse University - Department of Public Administration ( email )

Syracuse, NY
United States
315-443-2482 (Phone)
315-443-1075 (Fax)

HOME PAGE: http://faculty.maxwell.syr.edu/dcpopp/index.html

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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