| Title |
Induced innovation in power generation technologies: Evidence from the Tokyo-Saitama Emissions Trading System |
| ID_Doc |
35602 |
| Authors |
Jia, X; Takeuchi, K |
| Title |
Induced innovation in power generation technologies: Evidence from the Tokyo-Saitama Emissions Trading System |
| Year |
2024 |
| Published |
|
| DOI |
10.1016/j.eneco.2023.107227 |
| Abstract |
Innovation in energy technology plays a critical role in the transition to net zero emissions. This study investigates the effect of a regional carbon cap-and-trade program on firms' innovations in power generation technologies using renewable sources and fossil fuels. A difference-in-differences analysis based on matched firms from 2006 to 2016 indicates that the Tokyo-Saitama Emissions Trading System boosts innovations renewable and fossil fuel technologies, with a greater impact on the latter. Furthermore, we find that firms innovating in both technology areas are more responsive than those only innovating in renewable technology and that a stricter regulatory scheme has a greater impact on technological innovation. These findings suggest the potential impact of a regional cap-and-trade program on green innovations. |
| Author Keywords |
Carbon pricing Emissions trading system Innovation Renewable energy Energy transitions |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Social Science Citation Index (SSCI) |
| EID |
WOS:001137521600001 |
| WoS Category |
Economics |
| Research Area |
Business & Economics |
| PDF |
|