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SUMMARY:St Catharine's Political Economy Seminar Series - Laura Diaz Anado
 n '&quot\;The role of government policy to incentivise technology innovati
 on to meet the climate change challenge&quot\;' - Laura Diaz Anadon
DTSTART:20200304T180000Z
DTEND:20200304T193000Z
UID:TALK135328@talks.cam.ac.uk
CONTACT:Philippa Millerchip
DESCRIPTION:*Date:* Wednesday 4 March 2020\n*Time:* 18:00 -19:30\n*Speaker
 :*  Laura Diaz Anadon\n*Talk Title:*'The role of government policy to ince
 ntivise technology innovation to meet the climate change challenge'\n*Loca
 tion:* Ramsden Room\, St Catharine's College\n\n*Speaker:*\nHector Pollitt
  is the head of modelling at Cambridge Econometrics. He is a post-Keynesia
 n economist with specific expertise in macro-sectoral economic modelling. 
 He is currently researching linkages between post-Keynesian economics and 
 complexity theory. At Cambridge Econometrics\, Hector Pollitt oversees the
  application of the E3ME macro-econometric model\, which treats the econom
 y as a dynamic system that both shapes and is influenced by technological 
 development. Using the E3ME model\, he has carried out high-level policy a
 nalysis for public authorities at UK\, EU and global levels. He has worked
  with the European Commission for over ten years and provided inputs to th
 e recent assessment of the EU's long-term decarbonisation strategy. His ot
 her recent work has shown how the development of low-carbon technologies c
 ould lead to long-run economic benefits. For example\, his modelling for t
 he 2018 New Climate Economy report suggested that limiting global temperat
 ure change to 2°C could create $26trn of additional wealth by 2030.\n\n*T
 alk Overview:*\nThe challenge to decarbonise the global economy is primari
 ly one of technology development and diffusion. Policies that are popular 
 with economists\, such as carbon taxes\, will not be effective at reducing
  emissions levels if consumers do not see affordable alternatives to fossi
 l fuels. Furthermore\, without new technology options\, these policies are
  likely to cause social unrest. The solar revolution has given us conclusi
 ve proof that policy can influence both the direction and speed of technol
 ogical development. This finding has important implications for policy mak
 ers and suggests that a much broader portfolio of measures is needed than 
 basic carbon pricing measures. \nHowever\, successful innovation policy re
 quires an understanding of the innovation chain\, right through from basic
  laboratory research to final commercialisation of products. Accelerating 
 this process requires interventions at each point in the innovation chain.
  This seminar discusses the role of innovation policy in combating climate
  change. It will discuss the role of research in the private and public se
 ctors\, and the interaction of incentives to innovate with other climate p
 olicies.\n\nFor other Seminars see: https://www.politicaleconomy.group.cam
 .ac.uk\n\nPlease contact the seminar organisers Philip Arestis (pa267@cam.
 ac.uk) and Michael Kitson m.kitson@jbs.cam.ac.uk) in the event of a query.
LOCATION:The Ramsden Room\, St Catharine's College
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