Climate Change, Directed Innovation, and Energy Transition: The Long-run Consequences of the Shale Gas Revolution

We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with coal, natural gas, or clean sources and the direction of technology is endogenous. In the short run, a natural gas boom reduces carbon emissions by inducing substitution away from

我们研究了天然气繁荣在能源可通过煤炭、天然气或清洁能源生产且技术方向具有内生性的经济体中的短期与长期效应。短期内，天然气繁荣通过促使（能源消费）从……转向其他类型来减少碳排放。