{"id":7277,"date":"2017-12-04T04:48:29","date_gmt":"2017-12-04T03:48:29","guid":{"rendered":"https:\/\/ibs.org.pl\/news\/directed-technical-change-with-capital-embodied-technologies-article-in-the-energy-economics\/"},"modified":"2022-12-30T09:55:37","modified_gmt":"2022-12-30T08:55:37","slug":"directed-technical-change-with-capital-embodied-technologies-article-in-the-energy-economics","status":"publish","type":"news","link":"https:\/\/ibs.org.pl\/en\/news\/directed-technical-change-with-capital-embodied-technologies-article-in-the-energy-economics\/","title":{"rendered":"\u201cDirected technical change with capital-embodied technologies\u201d \u2013 article in the Energy Economics"},"content":{"rendered":"\n

Energy Economics is one of the two most important scientific journals in the field \u2013 the impact factor is 3.2. The research summarised in the article\u00a0\u201cDirected technical change with capital-embodied technologies: Implications for climate policy\u201d<\/em>\u00a0by James Lennox (Victoria University, Malbourne, Australia) and\u00a0Jan Witajewski-Baltvilks<\/a>\u00a0(Institute for Structural Research – IBS) was initiated during the researchers collaboration in the Fondazione Eni Enrico Mattei (FEEM) in Milan.<\/p>\n\n\n\n

The article notes that when the costs of new technologies (e.g. Renewable Energy Sources) decline at fast rate, rational investors limit their purchases of these technologies because they expect that in the future they will be able to buy them at lower costs. This mechanism implies that the low-carbon transition can be characterized by a larger inertia than the one predicted by the standard economic models. The inertia might have important consequences for climate change mitigation – late adoption of renewable energy sources may lead to dangerously high emission of CO2. In this case the climate policy should be more aggressive.<\/p>\n\n\n\n

The article is available on the Science Direct website<\/a>.<\/p>\n","protected":false},"featured_media":4946,"template":"","news_type":[287,353],"class_list":["post-7277","news","type-news","status-publish","has-post-thumbnail","hentry","news_type-energy-and-climate","news_type-publications"],"acf":[],"yoast_head":"\n\u201cDirected technical change with capital-embodied technologies\u201d \u2013 article in the Energy Economics - IBS - Instytut Bada\u0144 Strukturalnych<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibs.org.pl\/en\/news\/directed-technical-change-with-capital-embodied-technologies-article-in-the-energy-economics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cDirected technical change with capital-embodied technologies\u201d \u2013 article in the Energy Economics - IBS - Instytut Bada\u0144 Strukturalnych\" \/>\n<meta property=\"og:description\" content=\"Energy Economics is one of the two most important scientific journals in the field \u2013 the impact factor is 3.2. 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