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We have the pleasure to announce Florian Szücz (WU Vienna) as the next speaker in our CERNA research seminar. The seminar on Wednesday 09/02/2022 at 4pm. The log-in information for the live stream on Zoom will also be provided in due course.
Florian will talk about:
Environmental Policies and Directed Technological Change
We evaluate if and to which extent policy can steer innovation towards eco-friendly technologies. We construct a cross-country dataset on sectoral green innovation and complement it with data on policies designed to address environmental market failures: environmental taxes, regulation, and R&D subsidies. All of these tools exert a positive effect on green innovation on average. However, we find substantial heterogeneities across regions and sectors. While we are unable to directly compare the cost-effectiveness of policies, we find that green innovation reacts most strongly to R&D subsidies.