Innovation for Climate chAnge mitigation: a study of energy R&d, its Uncertain effectiveness and Spillovers - ICARUS
Abstract
ICARUS aims at producing an unprecedented analysis of energy-related innovation mechanisms; understanding the role of R&D investments and of inter countries and inter sector spillovers; disentangling the role of public and private R&D investments; incorporating in the analysis the uncertainty that inevitably affects the successfulness of R&D programs; simulating optimal responses using an integrated assessment model.
The analysis will make use of empirical analysis of existing databases and will collect new data. Expert elicitation methods will be used in order to better assess technology-specific uncertain effectiveness of R&D programs. Simulation models will be used to produce quantitative grounded results. Summa of the analyses will be projections for optimal public and private energy R&D and energy technologies investment strategies as a product of a cost effectiveness analysis of a stringent climate stabilization target.
