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the economic benefits from this change. The second is that, if it were to move the economy away from fossil fuels and from … above. Finally, decarbonization of the economy implies electrification, the replacement of fossil fuels by electricity in … kilowatt hour charge. If we are to electrify the economy then the price of electricity will need to be nearer to its marginal …
Persistent link: https://www.econbiz.de/10012481069
Squaring hourly demand and wind-solar production data for Germany and a number of neighbouring countries with the results of the EU's ESTORAGE project, this paper studies the limits of Germany's energy revolution in view of the volatility of wind and solar power. In addition to pumped storage,...
Persistent link: https://www.econbiz.de/10012456210
We analyze optimal policy when consumers of energy-using durables undervalue energy costs relative to their private optima. First, there is an Internality Dividend from Externality Taxes: aside from reducing externalities, they also offset distortions from underinvestment in energy efficiency....
Persistent link: https://www.econbiz.de/10012460682
property rights were reallocated through land laws, and Mexico's economy became much more closely tied to the United States. In …While most contemporary historians agree that the use of debt peonage as a coercive labor contract in Mexico was not …
Persistent link: https://www.econbiz.de/10012464795
The most cost-effective policies for achieving CO2 abatement (e.g., carbon taxes) fail to get off the ground politically because of unacceptable distributional consequences. This paper explores CO2 abatement policies designed to address distributional concerns. Using an intertemporal numerical...
Persistent link: https://www.econbiz.de/10012471113
To reliably achieve deep decarbonization of the US power sector, a candidate policy must perform robustly across a range of possible future trajectories of demand, fossil fuel prices, and prices of new wind and solar capacity. Using a modified version of the NREL ReEDS model with scenarios that...
Persistent link: https://www.econbiz.de/10012510555
This paper discusses contributions that industrial organization economists have made to our understanding of energy markets and environmental regulation. We emphasize the substantive contributions of recent papers while also highlighting how this literature has adopted and sometimes augmented...
Persistent link: https://www.econbiz.de/10012629455
Historically, innovation in the energy sector proceeded slowly and entrepreneurial start-up firms played a relatively minor role. We argue that this may be changing. Energy markets are going through a period of profound structural change. The rise of hydrofracturing lowered fossil fuel prices so...
Persistent link: https://www.econbiz.de/10012481728
Our histories depart somewhat from the bulk of the energy innovation policy literature in focusing attention on the role of vigorous competition - particularly entry - in stimulating innovation, suggesting that in several industries a mix of public policies - including procurement, antitrust and...
Persistent link: https://www.econbiz.de/10012462128
Persistent link: https://www.econbiz.de/10009237697