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Cost containment in climate policy and incentives for technology development

机译:气候政策的成本控制和技术发展的激励措施

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Safety valves, discretionary advisory boards, and other cost containment mechanisms enhance the political feasibility of stringent climate policy by limiting firms' and households' exposures to higher than anticipated costs associated with reducing greenhouse-gas emissions However, cost containment comes at a price, it increases the risk of climate-related damages and simultaneously discourages investments to develop low-carbon technologies A stylized model of the cost of climate policy is used to estimate that proposed cost containment mechanisms will increase emissions by 11-70% by 2030 Because these clauses limit the payoffs to innovation, they reduce our societal capacity to affordably mitigate climate change through technology improvement If cost containment measures are to be employed at levels discussed in recent policy debates, then complementary policies to fund technology development will be needed crucially, the two also need to be linked One way to resolve the impasse between increased climatic damages and reduced incentives for innovation is to create a technology development fund with contributions indexed to the amount by which the market price for carbon exceeds the price cap
机译:安全阀,酌情咨询委员会和其他成本控制机制通过限制企业和家庭暴露于比减少温室气体排放量高出预期成本的风险,提高了严格气候政策的政治可行性。但是,成本控制是有代价的,增加与气候有关的损害的风险,同时不鼓励开发低碳技术的投资采用气候政策成本的程式化模型来估计,拟议的成本控制机制到2030年将使排放量增加11-70%,因为这些条款限制了创新的回报,它们降低了我们通过技术改进来负担得起的缓解气候变化的社会能力。如果要在最近的政策辩论中讨论的水平上采用成本控制措施,那么迫切需要为技术开发提供资金的补充政策,这两个还需要解决僵局的一种方法增加的气候损害和减少的创新激励措施是建立一项技术开发基金,其缴费额应与碳市场价格超过价格上限的数额挂钩

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