The paper by Haewon McJeon and coauthors seeks to estimate the benefits (measured as avoided climate policy costs) of different carbon-free and low-carbon technologies in the context of climate stabilization. The paper does not include a full cost-benefit analysis of these technologies nor does it evaluate what would be needed to bring these technologies about (e.g., in an optimal R\&D investment portfolio). Nonetheless, in its main conclusions, the paper provides a sensible analysis and adds to the expanding literature on this extremely relevant topic by exploring a new dimension, that of the interactions among technologies and their combined impact.
Comment
BOSETTI, VALENTINA
2011
Abstract
The paper by Haewon McJeon and coauthors seeks to estimate the benefits (measured as avoided climate policy costs) of different carbon-free and low-carbon technologies in the context of climate stabilization. The paper does not include a full cost-benefit analysis of these technologies nor does it evaluate what would be needed to bring these technologies about (e.g., in an optimal R\&D investment portfolio). Nonetheless, in its main conclusions, the paper provides a sensible analysis and adds to the expanding literature on this extremely relevant topic by exploring a new dimension, that of the interactions among technologies and their combined impact.
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