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Policies to Accelerate Them and Expected Impact on Macroeconomic and Firm-Level Performance
出版International Monetary Fund, 2023-11-06
主題Business & Economics / Exports & ImportsBusiness & Economics / Finance / GeneralBusiness & Economics / Economics / MacroeconomicsBusiness & Economics / Economics / GeneralBusiness & Economics / Environmental EconomicsPolitical Science / Public Policy / Environmental Policy
ISBN9798400256950
URLhttp://books.google.com.hk/books?id=0gniEAAAQBAJ&hl=&source=gbs_api
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註釋Innovation in low-carbon technologies (LCTs), which is essential in the fight against climate change, has slowed in recent years. This Staff Discussion Note shows that a global climate policy strategy can bolster innovation in, and deployment of, LCTs. Countries that expand their climate policy portfolio exhibit higher (1) climate-change-mitigation-patent filings, (2) LCT trade flows, and (3) “green” foreign direct investment flows. Importantly, boosting innovation in, and deployment of, LCTs yields medium-term growth, which mitigates potential costs from climate policies. This note stresses the importance of international policy coordination and cooperation by showcasing evidence of potential climate policy spillovers.