Energy Economics, Volume 33, July 2011
What is the best strategy to encourage research and development on new energy technologies in a market economy? What steps can ensure a rapid and efficient transition to an economy that has much lower net carbon emissions? This paper shows that, under limited conditions, a necessary and sufficient condition for an appropriate innovational environment is a universal, credible, and durable price on carbon emissions.
Journal of the American Academy of Child and Adolescent Psychiatry, Volume 50, April 2011