Aghion, Philippe; Barrage, Lint; Hémous, David; Liu, Ernest - 2024
even in the presence of Pigouvian environmental taxation, a targeted industrial policy is generally necessary to implement … government which is constrained to focus its subsidies to electriffcation on one particular sector, should primarily target … downstream sectors; (iii) when extending the model so as to allow for supply chains also for the dirty technology, overinvesting …