Creating Technologies to Reduce Greenhouse Gas Intensity: Policy Options and Opportunities

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Date(s) - 3/1/200512:00 pm - 1:30 pm


Can a cap-and-trade regime lead to investment in the R&D and technology to achieve the desired long-term reductions in greenhouse gas emissions? Dr. David Montgomery considers this question by analyzing the technology development assumptions of the cap-and-trade program and concludes that the pricing structure of an emissions trading system actually undermines the incentives to invest in long-term R&D.  He then outlines several options for devising effective R&D policies and programs.

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