Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10483880 | Resource and Energy Economics | 2005 | 15 Pages |
Abstract
This paper analyzes the impact of deregulation in an energy market on R&D activities for new energy technology when climate policy is implemented. A model of growth with vertical innovation is modified by including an oligopolistic energy supply sector for demonstrating to what extent deregulation in the energy supply sector will affect R&D activities for low-carbon energy technology, provided that carbon taxation is implemented. The analysis shows that, when the elasticity of substitution between input factors is less than unity, deregulation will drive energy R&D activities and reduce CO2 accumulation if the energy market is highly concentrated in the beginning.
Related Topics
Physical Sciences and Engineering
Energy
Energy (General)
Authors
Minoru Nakada,