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Induced innovation and international environmental agreements: evidence from the Ozone regime

Dugoua, Eugenie (2021) Induced innovation and international environmental agreements: evidence from the Ozone regime. Grantham Research Institute Working Papers (363). The Grantham Research Institute on Climate Change and the Environment, London, UK.

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Abstract

Global environmental problems are some of the most pressing issues that humanity is facing. There are few examples of success at resolving them; the fight to protect the ozone layer is one of them. This paper provides evidence that the Montreal Protocol’s restrictions on chlorofluorocarbons ( CFCs) triggered a substantial increase in research and innovation on alternatives to ozone-depleting molecules. I compare CFC substitute molecules to molecules that have similar uses but are unrelated to ozone depletion. After the signing of the agreement, patents on CFC substitutes increased by 400% and scientific articles by 500% compared to the control group. These findings suggest that agreements can indeed trigger the development of technological solutions, thereby improving the benefit-cost equation of environmental protection

Item Type: Monograph (Working Paper)
Official URL: https://www.lse.ac.uk/granthaminstitute/publicatio...
Additional Information: © 2021 The Authors
Divisions: Geography & Environment
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
J Political Science > JZ International relations
T Technology > T Technology (General)
JEL classification: O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies > O55 - Africa
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O31 - Innovation and Invention: Processes and Incentives
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O33 - Technological Change: Choices and Consequences; Diffusion Processes
F - International Economics > F5 - International Relations and International Political Economy > F53 - International Agreements and Observance; International Organizations
Date Deposited: 15 Jun 2021 09:12
Last Modified: 15 Jun 2021 16:09
URI: http://eprints.lse.ac.uk/id/eprint/110859

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