The environment and directed technical change : comment

The environment and directed technical change : comment / Jean-Charles Hourcade, Antonin Pottier, Etienne Espagne. CIRED, November 2011, 16 p. (DT/WP No 2011-36) http://www.centre-cired.fr/IMG/pdf/CIREDWP-201136.pdf Abstract : This paper discusses the growth model with environmental constraints recently presented in (Acemoglu et al., 2011) which focuses on the redirection of technical change by climate policies with research subsidies and a carbon tax. First, Acemoglu et al.'s model and chos...