A descriptive framework to evaluate instrument packages for the low-carbon transition
Vollebergh,Herman van der Werf,Edwin Vogel,Johanna
Vollebergh,Herman
van der Werf,Edwin
Vogel,Johanna
Abstract
We develop a descriptive framework to facilitate policy instrument evaluation in relation to the low-carbon transition. The framework consists of a stock-taking and mapping analysis based on five questions. Four questions allow the policy maker to take stock of the existing set of instruments and provide a description of the key attributes and incentive of individual instruments. These attributes are subsequently mapped to identifiers of market failures related to the transition. A fifth question considers the coherence of the mix or package of policy instruments that the instruments constitute. The result is an overview of the incentives for firms and households to contribute to the transition towards a decarbonised economy. This can then be used to evaluate whether the set of policy instruments can be improved. We apply our framework to the residential and commercial (buildings) sector in an ambitious country, Austria.
Description
Funding Information: This work was supported by the Austrian Climate Research Programme (grant no. KR16AC0K13367 ), which had no involvement in any part of the research or the writing of the report. Publisher Copyright: © 2022 The Authors
Date
2023-03
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Publisher
Research Projects
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Keywords
Climate Policy, Eco-Innovation, Energy Transition, Instrument Mix, Instrument Packages, Low-Carbon Transition, Policy Evaluation, Policy Instruments, Technology Policy, SDG 9 - Industry, Innovation, and Infrastructure, SDG 13 - Climate Action
Citation
Vollebergh, H, van der Werf, E & Vogel, J 2023, 'A descriptive framework to evaluate instrument packages for the low-carbon transition', Ecological Economics, vol. 205, 107717. https://doi.org/10.1016/j.ecolecon.2022.107717