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dc.contributor.authorLazkano, Itziar
dc.contributor.authorPham, Linh
dc.date.accessioned2016-11-29T14:27:43Z
dc.date.available2016-11-29T14:27:43Z
dc.date.issued2016-11-29
dc.identifier.issn0804-6824
dc.identifier.urihttp://hdl.handle.net/11250/2423519
dc.description.abstractWe evaluate the role of a fossil fuel tax and research subsidy in directing innovation from fossil fuel toward renewable energy technologies in the electricity sector. Using a global firm-level electricity patent database from 1978 to 2011, we find that the impact of fossil fuel taxes on renewable energy innovation varies with the type of fossil fuel. Specifically, a tax on coal reduces innovation in both fossil fuel and renewable energy technologies while a tax on natural gas has no statistically significant impact on renewable energy innovation. The reason is that easily dispatchable energy sources like coal-fired power plants need to complement renewable energy technologies in the grid because renewables generate electricity intermittently. Our results suggest that a tax on natural gas, combined with research subsidies for renewable energy, may effectively shift innovation in the electricity sector towards renewable energy. In contrast, coal taxation or a carbon tax that increases coal prices has unintended negative consequences for renewable energy innovation.nb_NO
dc.language.isoengnb_NO
dc.relation.ispartofseriesDP SAM;16/2016
dc.subjectElectricity; Energy taxes; Renewable; coal, natural gas technologiesnb_NO
dc.titleDo Fossil fuel Taxes Promote Innovation in Renewable Electricity Generation?nb_NO
dc.typeWorking papernb_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210nb_NO
dc.source.pagenumber74nb_NO


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