Showing 1 - 10 of 57
development, characterized by the role of fossil fuels and by the progressive dominance of those with a higher energy and density … countries, compatible with the sustainability of the processes concerning the Earth system. Mainly by focusing on the energy …
Persistent link: https://www.econbiz.de/10010877706
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
The paper considers a climate change growth model with three R&D sectors dedicated to energy, backstop and CCS (Carbon …
Persistent link: https://www.econbiz.de/10008572565
We develop a spatial model of energy exploitation where energy sources are differentiated by their geographic location … and energy density. The spatial setting creates a scaling law that magnifies the importance of differences across energy … plays must first boom and then bust. For both renewable and non-renewable energy sources we link the size of exploitation …
Persistent link: https://www.econbiz.de/10010634077
Fossil fuels are non-renewable carbon resources, and the extraction path of these resources depends both on present and future demand. When this "Hotelling feature" is taken into consideration, the whole price path of carbon fuel will shift downwards as a response to the reduced cost of the...
Persistent link: https://www.econbiz.de/10005765659
renewable sources, and encourage energy conservation. To what extent do innovation and energy efficiency (EE) market failures … advanced and conventional renewable energy technologies and short and long-run EE investments. We incorporate both knowledge … spillovers and imperfections in the demand for energy efficiency. We conclude that some technology policies, particularly …
Persistent link: https://www.econbiz.de/10010764280
Several recent articles have analyzed climate policy giving explicit attention to the non-renewable character of carbon resources. In most of this literature the economy is treated as a single unit, which in the context of climate policy seems reasonable to interpret as the whole world. However,...
Persistent link: https://www.econbiz.de/10008914283
This paper provides a rationale for subsidizing green (renewable) energy production. Within a multi-country model where … energy is produced with mobile capital in green and dirty production, we investigate the countries’ decentralized choice of … emissions taxes and green energy subsidies. Without green subsidies, the emissions tax is set inefficiently low, since each …
Persistent link: https://www.econbiz.de/10008671715
be more desirable than com-parable cost reductions related to renewable energy. The finding rests on the incentives …
Persistent link: https://www.econbiz.de/10008833920
This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated firms respond to this increase in uncertainty by...
Persistent link: https://www.econbiz.de/10011099762