Green innovation and the transition toward a clean economy
Coherent Identifier 20.500.12592/89321t7

Green innovation and the transition toward a clean economy

1 December 2023

Summary

To combat climate change without sacrificing long-term economic growth, innovation must be redirected toward green technologies. The authors review recent literature that has developed a directed technical change framework where innovation can be endogenously targeted either toward fossil-fuel enhancing technologies or clean energy sources (such as renewables). They provide empirical evidence of path dependence in firms’ choice between green and dirty innovation. They then draw implications of t

Published in
United States of America
Rights
© Daron Acemoglu, Philippe Aghion, Lint Barrage, David Hémous

Creators/Authors