CERNA seminar will welcome Florian Szücz (WU Vienna)
We have the pleasure to announce Florian Szücz (WU Vienna) as the next speaker in our CERNA research seminar. The seminar on Wednesday 09/02/2022 at 4pm. The log-in information for the live stream on Zoom will also be provided in due course.
Florian will talk about:
Environmental Policies and Directed Technological Change
We evaluate if and to which extent policy can steer innovation towards eco-friendly technologies. We construct a cross-country dataset on sectoral green innovation and complement it with data on policies designed to address environmental market failures: environmental taxes, regulation, and R&D subsidies. All of these tools exert a positive effect on green innovation on average. However, we find substantial heterogeneities across regions and sectors. While we are unable to directly compare the cost-effectiveness of policies, we find that green innovation reacts most strongly to R&D subsidies.