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Abstract:

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CEP Policy Analysis
The Impact of 'Clean Innovation' on Economic Growth: Evidence from the Transport and Energy Industries'
Ralf Martin
November 2014
Paper No' CEPPA017:
Full Paper (pdf)

JEL Classification: O30; O44; Q54; Q55; Q58; H23


Tags: innovation spill-overs; climate change; growth; patents; clean technology; optimal climate policy

Policies on climate change that encourage 'clean innovation' while displacing 'dirty innovation' could have a positive impact on short-term economic growth while avoiding the potentially disastrous reduction in GDP that could result from climate change over the longer term.