Green Industrial Policy : Trade and Theory

This paper studies the reality and the potential for green industrial policy. It provides a summary of the green industrial policies, broadly understood, for five countries. It then considers the relation between green industrial policies and trade...

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Bibliographic Details
Main Authors:	Karp, Larry, Stevenson, Megan
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ABATEMENT ABATEMENT COSTS ABSORPTION AGGREGATE DEMAND AGGREGATE EMISSIONS AGGREGATE LEVEL ALLOWANCE ALTERNATIVE ENERGY ALTERNATIVE FUELS AMOUNT OF ABATEMENT AMOUNT OF EMISSIONS APPROACH ARBITRAGE ASYMMETRIC INFORMATION AVAILABILITY AVERAGE PRODUCTION COSTS BALANCE BIOGAS BIOMASS BIRDS CALCULATION CAP AND TRADE POLICY CARBON CARBON EMISSIONS CARBON ENERGY CARBON POLICIES CARBON STOCKS CARBON TAX CARBON TAXES CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE SYSTEM CLOUDS CO CONSUMERS CORN PRICES COST OF ABATEMENT DAMAGES DEBT DEFORESTATION DEMAND FOR ETHANOL DEVELOPED COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISCOUNT RATE DISCOUNTED VALUE DUMPING DYNAMIC MODEL ECONOMIC BENEFITS ECONOMIC THEORY ECONOMIES OF SCALE ECONOMISTS ELECTRICITY ELECTRICITY GENERATION EMISSIONS EMISSIONS CONTROL EMISSIONS POLICY EMISSIONS REDUCTION EMISSIONS TAXES EMPIRICAL EVIDENCE ENERGY DEMAND ENERGY ECONOMICS ENERGY POLICIES ENERGY POLICY ENERGY SOURCE ENERGY SOURCES ENERGY SUPPLY ENERGY USE ENVIRONMENTAL ENVIRONMENTAL CONSEQUENCES ENVIRONMENTAL COSTS ENVIRONMENTAL DAMAGES ENVIRONMENTAL ECONOMICS ENVIRONMENTAL ECONOMISTS ENVIRONMENTAL POLICY ENVIRONMENTAL PROBLEM ENVIRONMENTAL PROBLEMS ENVIRONMENTAL REGULATION EQUILIBRIUM ETHANOL ETHANOL IMPORTS ETHANOL IN GASOLINE ETHANOL INDUSTRY ETHANOL PRODUCTION ETHANOL TAX CREDIT EXCHANGE RATE EXPECTED VALUE EXPORTS EXTERNALITIES EXTERNALITY FARMS FISCAL POLICIES FIXED COSTS FOREIGN COMPETITION FOSSIL FOSSIL FUEL FOSSIL FUELS FUEL CONSUMPTION FUEL COSTS FUEL PRICE FUEL PRICES FUNCTIONAL FORMS FUTURE PRICES GASOLINE GASOLINE CONSUMPTION GHG GHGS GLOBAL WARMING GREEN ENERGY GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASSES HEAT HEATING SYSTEMS HOT WATER HYDROPOWER IMPORTS INCREASING RETURNS INCREASING RETURNS TO SCALE INTERNATIONAL TRADE INVESTMENT DECISIONS INVESTMENT OPPORTUNITIES IPCC KILOWATT HOUR LOW TARIFFS LOW-CARBON MARGINAL ABATEMENT MARGINAL ABATEMENT COST MARGINAL ABATEMENT COSTS MARGINAL COST MARGINAL COSTS MARGINAL DAMAGE FUNCTION MARKET ECONOMY MARKET FAILURE MARKET FAILURES METHANE NASH EQUILIBRIUM NATURAL GAS NONRENEWABLE RESOURCE NUCLEAR POWER OIL PRICES OLIGOPOLY OPPORTUNITY COST ORGANIC WASTE OSCILLATIONS PERFORMANCE STANDARDS PERMIT TRADING PHOTOVOLTAICS POLICY ADVICE POLICY MAKERS POLICY RELEVANCE POLICY SCENARIO POLLUTION POLLUTION CONTROL POLLUTION TAX PORTFOLIO POSITIVE EXTERNALITIES POSITIVE EXTERNALITY POWER PLANTS PP PREDATORY PRICING PRICE INCREASES PRICE OF OIL PRIVATE INFORMATION PRIVATE MARGINAL COST PRODUCER PRICE PRODUCERS PRODUCTION COSTS PROTECTIONISM PUBLIC GOOD QUOTAS REDUCING EMISSIONS REGULATORY CAPTURE RENEWABLE ELECTRICITY RENEWABLE ENERGY RENEWABLE ENERGY POLICY RENEWABLE ENERGY SOURCES RENEWABLE ENERGY TECHNOLOGY RENEWABLE FUELS RENEWABLE PORTFOLIO STANDARDS RENEWABLE POWER RENEWABLE SOURCES RESOURCE ECONOMICS RETURNS TO SCALE RURAL COMMUNITIES RURAL ELECTRIFICATION SCENARIOS SOLAR INSTALLATION SOLAR POWER SOLAR WATER HEATERS SOLAR WATER HEATING SOLAR WATER HEATING SYSTEMS SPOT MARKET STATISTICAL ANALYSIS SUNK COSTS SUNLIGHT SUPPLY CURVE SUPPLY SIDE SUSTAINABLE DEVELOPMENT TAX CREDIT TAX CREDITS TAX INCENTIVE TAX INCENTIVES TOTAL COST TRADE BALANCE TRADE DISPUTES TRADING PARTNERS TRADITIONAL ECONOMIES TROUGH UNEMPLOYMENT WAGES WIND WIND CAPACITY WIND FARMS WIND POWER WIND PROJECTS WTO
Online Access:	http://documents.worldbank.org/curated/en/2012/10/16863764/green-industrial-policy-trade-theory http://hdl.handle.net/10986/12081

Description
Summary:	This paper studies the reality and the potential for green industrial policy. It provides a summary of the green industrial policies, broadly understood, for five countries. It then considers the relation between green industrial policies and trade disputes, emphasizing the Brazil-United States dispute involving ethanol and the broader United States-China dispute. The theory of public policy provides many lessons for green industrial policy. The authors highlight four of these lessons, involving the Green Paradox, the choice of quantities versus prices with endogenous investment, the coordination issues arising from emissions control, and the ability of green industrial policies to promote cooperation in reducing a global public bad like carbon emissions.

Green Industrial Policy : Trade and Theory

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