TY  - JOUR
A1  - Lilliestam, Johan
A1  - Patt, Anthony
A1  - Bersalli, German
T1  - The effect of carbon pricing on technological change for full energy decarbonization
BT  - a review of empirical ex-post evidence
JF  - Wiley interdisciplinary reviews : Climate change
N2  - In order to achieve the temperature goals of the Paris Agreement, the world must reach net-zero carbon emissions around mid-century, which calls for an entirely new energy system. Carbon pricing, in the shape of taxes or emissions trading schemes, is often seen as the main, or only, necessary climate policy instrument, based on theoretical expectations that this would promote innovation and diffusion of the new technologies necessary for full decarbonization. Here, we review the empirical knowledge available in academic ex-post analyses of the effectiveness of existing, comparatively high-price carbon pricing schemes in the European Union, New Zealand, British Columbia, and the Nordic countries. Some articles find short-term operational effects, especially fuel switching in existing assets, but no article finds mentionable effects on technological change. Critically, all articles examining the effects on zero-carbon investment found that existing carbon pricing scheme have had no effect at all. We conclude that the effectiveness of carbon pricing in stimulating innovation and zero-carbon investment remains a theoretical argument. So far, there is no empirical evidence of its effectiveness in promoting the technological change necessary for full decarbonization. This article is categorized under: Climate Economics > Economics of Mitigation
KW  - carbon pricing
KW  - climate policy
KW  - decarbonization
KW  - technological change
Y1  - 2020
U6  - https://doi.org/10.1002/wcc.681
SN  - 1757-7780
SN  - 1757-7799
VL  - 12
IS  - 1
PB  - Wiley
CY  - Hoboken
ER  - 
TY  - JOUR
A1  - Singhal, Puja
A1  - Pahle, Michael
A1  - Kalkuhl, Matthias
A1  - Sommer, Stephan
A1  - Levesque, Antoine
A1  - Berneiser, Jessica
T1  - Beyond good faith
BT  - why evidence-based policy is necessary to decarbonize buildings cost-effectively
JF  - SSRN eLibrary / Social Science Research Network
N2  - The ambitious climate targets set by industrialized nations worldwide cannot be met without decarbonizing the building stock. Using Germany as a case study, this paper takes stock of the extensive set of energy efficiency policies that are already in place and clarifies that they have been designed “in good faith” but lack in overall effectiveness as well as cost-efficiency in achieving these climate targets. We map out the market failures and behavioural considerations that are potential reasons for why realized energy savings fall below expectations and why the household adoption of energy-efficient and low-carbon technologies has remained low. We highlight the pressing need for data and modern empirical research to develop targeted and cost-effective policies seeking to correct these market failures. To this end, we identify some key research questions and identify gaps in the data required for evidence-based policy.
KW  - energy efficiency
KW  - decarbonization
KW  - housing sector
KW  - heat demand
KW  - evidence-based policy
Y1  - 2021
U6  - https://doi.org/10.2139/ssrn.3947800
SN  - 1556-5068
PB  - SSRN - Elsevier
CY  - Rochester, NY
ER  -