Frischsenteret


Frischsenteret
Prosjekter

3146. Subsidizing R&D and installment of carbon abatement in open economics
Prosjektleder: Rolf Golombek
Prosjektdeltakere: Sverre A. C. Kittelsen
Ole Røgeberg
Tidsperiode: 2008-2010 (Avsluttet)
Prosjektbeskrivelse:
This project is a cooperation with Statistics Norway (SSB).

In this research project we will study different policy options that all aim to influence the speed of technological development in climate friendly technologies, with particular emphasis on the relationship between climate policy and strategic industrial motives. Norway is a small, open economy that is heavily dependent on the global technology frontier in order to sustain economic growth and prosperity (see e.g. Jones 1998, chapter 6). Is there still a rationale for funding domestic research and development (R&D) on new technologies? One argument often put forward in favor of targeted support to environmental R&D, is the prospect of stimulating new, profitable, export niches. The Danish windmill industry is often pointed out as a successful example. In Norway similar arguments are used in connection with carbon capture from gas power plants (Norwegian Ministry of oil and energy (2003), floating windmills, and thorium-based nuclear energy.

There are of course numerous problems connected to an activist policy, for instance: How do we know that the cost of giving support does not outweigh the benefits? Which technologies should receive support? In what ways should support be given? In this project we want to throw light on some of these problems by employing different theoretical and empirical model approaches.

Two general questions can serve to sum up the main research fields within each of the sub-projects:
1. What roles are the different zero-emission energy technologies likely to play in the future European energy market?
2. Given that new zero-emission energy technologies has export potential, how and to what extent should subsidies to technological development be used?

Findings in the first sub-project will serve as important preconditions for the analyses within the second.The first sub-project aims to answer the following tentative questions:
1. How large are the EU and Norwegian markets for different carbon capturing technologies likely to become in a 30 years perspective?
2. Will carbon capture and storage technologies (CCS) mainly be installed as an integrated part of new power plants, or will CCS also be implemented on existing plants?
3. How is the availability of CCS technologies likely to influence future European electricity prices?
4. How will different policies focusing on CCS influence the development of renewables, in particular wind power both onshore, offshore and floating, in a 30 years perspective.
Publikasjoner
Golombek, R. og M. Hoel, 2011: International Cooperation on Climate-friendly Technologies, Environmental and Resource Economics , Vol 49(4), 473-490 [Sammendrag][PDF]
Golombek, Rolf, Mads Greaker, Sverre A.C. Kittelsen, Ole Røgeberg and Finn Roar Aune, 2011: Carbon Capture and Storage Technologies in the European Power Market, Energy Journal , Vol. 32, No. 3, 209-238 [Sammendrag]
Memorandum 2/2010: Golombek, Rolf, Mads Greaker and Michael Hoel, Climate Policy without Commitment [Sammendrag][PDF]
Golombek, Rolf, Mads Greaker og Michael Hoel, 2010: Carbon Taxes and Innovation without Commitment, The B.E. Journal of Economic Analysis & Policy , 10(1), article 32 [Sammendrag][PDF]
Golombek, R. og M. Hoel, 2009: International Cooperation on Climate-Friendly Technologies, CESifo Working Paper No. 2677 [Sammendrag][PDF]
Golombek, R., Greaker, M., Kittelsen, S.A.C., Røgeberg, O. og F.R. Aune, 2009: Carbon capture and storage technologies in the European power market, Discussion Papers No. 603, Statistics Norway [Sammendrag][PDF]




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