Human Capital, Innovation, and Climate Policy: An Integrated Assessment

摘要: This paper looks at the interplay between human capital and innovation in presence of climate educational policies. Using recent empirical estimates, general purpose R&D are introduced an integrated assessment model that has been extensively applied to study change mitigation. Our results suggest policy stimulates as well clean energy but reduces incentive invest formation. Human increases productivity labor complementarity drives its pollution-using effect (direct effect). When is essential input production generic dedicated knowledge, crowding out induced by mitigated, thought not completely offset (indirect The implications direct prevail over indirect contribution creation new cleaner knowledge. A mix combines objectives offsets crowding-out with a moderate, short-term consumption loss. complement all forms both innovation. result important considering growing concern effective conditional on solid economic development therefore it needs be supplemented other targets.