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The paper considers a climate change growth model with three R&D sectors dedicated to energy, backstop and CCS (Carbon … Capture and Storage) efficiency. First, we characterize the set of decentralized equilibria: A particular equilibrium is … associated to each vector of public tools which includes a carbon tax and a subsidy to each R&D sector. Moreover, we show that it …
Persistent link: https://www.econbiz.de/10008572565
The Clean Development Mechanism (CDM) is a project-based carbon trade mechanism that subsidizes the users of climate …
Persistent link: https://www.econbiz.de/10010752785
gas emissions. These actions, however, will not be sufficient to control global warming, unless developing countries also … get involved in the cooperative effort to reduce GHG emissions. This paper investigates the best short-term strategies … financial transfers of an international carbon market meant to provide incentives for the participation of developing countries …
Persistent link: https://www.econbiz.de/10005010150
It has long been argued that the implementation of market-based environmental policy instruments such as environmentally-related taxes and tradable permits is likely to lead to greater technological innovation than more direct forms of regulation such as technology-based standards. One of the...
Persistent link: https://www.econbiz.de/10005000383
sensitivity analysis upon the role of the 2020 renewable targets and increased energy efficiency improvements is also carried out …. We conclude that a suitable and sustained carbon price needs to be implemented to move energy markets in Europe closer to … the optimal energy mix. We also highlight that an appropriate carbon pricing is sufficient to achieve both the emission …
Persistent link: https://www.econbiz.de/10010701083
We investigate the impacts of electricity market restructuring on fuel efficiency, utilization and, new to this area … without. Our analysis finds that restructuring led to: (1) a two percent improvement in fuel efficiency for IOs, (2) a ten ….6 percent emissions reduction per plant. …
Persistent link: https://www.econbiz.de/10010631776
While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource … scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous … growth model that reconciles the current aggregate trends in energy use and productivity growth with the intertemporal …
Persistent link: https://www.econbiz.de/10010586070
emissions leakage, which hampers countries’ welfare. In order to limit leakage, governments consider supporting domestic trade … than perfectly competitive, particularly when both emissions regulations and advanced tech-nologies are new. In this …, upstream subsidies reduce abatement technology prices, and hence also emissions leakage. Moreover, as opposed to downstream …
Persistent link: https://www.econbiz.de/10010877708
We investigate conditions that aggravate market failures in energy innovations, and suggest optimal policy instruments … several decades lasting dominance of an incumbent energy technology over a dynamically more efficient competitor, given that …, energy markets are prone to these lock-ins because electricity from different technologies is an almost perfect substitute …
Persistent link: https://www.econbiz.de/10009020098
research characteristic of the energy innovation process. We show portfolios for future scenarios with and without carbon …This paper explores cost-effective low-carbon R&D and capital investment portfolios for the electricity generation …
Persistent link: https://www.econbiz.de/10011103397