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Article in Journal ()

Technology-forcing through environmental regulation

Citation
Nentjes A, de Vries F & Wiersma D (2007) Technology-forcing through environmental regulation, European Journal of Political Economy, 23 (4), pp. 903-916.

Abstract
This paper analyzes the demand characteristics of innovation in pollution abatement and the interaction between a regulator and a polluter under a technology-forcing policy. Important demand-driven determinants of innovation in pollution control are examined, such as uncertainties surrounding unexplored technologies, the length of the compliance period and the maximum abatement costs the regulator is willing to accept. We derive the formal condition that the regulator balances the marginal utility of emissions reduction against the marginal disutilities of a longer compliance time and the increased uncertainty about the feasibility of a more stringent standard.

Keywords
Innovation; Technology-forcing; Standards; Environmental regulation

StatusPublished
AuthorsNentjes Andries, de Vries Frans, Wiersma Doede
Publication date12/2007
Publication date online06/04/2007
PublisherElsevier
ISSN 0176-2680
LanguageEnglish

Journal
European Journal of Political Economy: Volume 23, Issue 4 (DEC 2007)

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