Publication

This paper describes how the EU and the US have supported opposite views on how to stabilize and reduce greenhouse (GHG) emissions. The author explains that while the EU has supported a strategy of market-pull, the US has favored a technology-push approach. The paper details how the US has asserted that the principal emphasis should be on technology development, financed through typical public research and development programs, while the EU has argued that technological change is only an incremental process emanating primarily from business and industry, induced by government incentives. The author argues that the two opposing positions can be explained by the respective political economies in the EU and the US, but that changes can be made in order to improve the prospects for bilateral cooperation.