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Issues in modeling induced technological change in energy, environmental, and climate policy

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Abstract

This paper addresses the objective of including Induced Technological Change (ITC) in research and policy models of energy, environment, and climate change. Theoretical foundations, fundamentals, and current methodologies for ITC models are reviewed. In addition, limitations and possible extensions to ITC models are explored. Current approaches to energy-environmental modeling that neglect technological characteristics such as heterogeneity, uncertainty, and path-dependence are likely to underestimate both the impact and the lags in the effectiveness of policy options.

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Authors and Affiliations

  1. Energy Modeling Forum, Terman Engineering Building, Room 406, Stanford, CA, 94305, USA E-mail

    John P. Weyant & Thomas Olavson

  2. Department of Engineering-Economic Systems and Operations Research, Stanford University, Stanford, CA, USA

    John P. Weyant & Thomas Olavson

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  1. John P. Weyant
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  2. Thomas Olavson
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Weyant, J.P., Olavson, T. Issues in modeling induced technological change in energy, environmental, and climate policy. Environmental Modeling & Assessment 4, 67–85 (1999). https://doi.org/10.1023/A:1019012317160

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