Showing 1 - 10 of 610
empirical relevance of this phenomenon is scarce. We study the dynamics of residential electricity demand by exploiting price … electricity suppliers on behalf of their residents. Using a flexible difference-in-differences matching approach, we estimate a …
Persistent link: https://www.econbiz.de/10012455198
We report on an economic experiment that compares outcomes in electricity markets subject to carbon-tax and cap …, respectively. Across these matched pairs, the cap-and-trade mechanism produced much higher wholesale electricity prices (38.5% to … 52.6% higher) and lower total electricity production (2.5% to 4.0% lower) than the "equivalent" carbon tax, without any …
Persistent link: https://www.econbiz.de/10012481842
Environmental policy is increasingly concerned with measuring emissions resulting from local changes to electricity … consumption. These marginal emissions are challenging to measure because electricity grids encompass multiple locations and the … as a high-dimensional aggregation problem: The effect of electricity consumption on emissions can be estimated precisely …
Persistent link: https://www.econbiz.de/10014468265
We study how the implementation of emissions trading systems (ETS) impacts emissions reductions and the usage of renewable energy using a panel sample of the largest 100 countries worldwide. Exploiting the cross-country variations in ETS implementations, we show that ETS adoption materially...
Persistent link: https://www.econbiz.de/10013435149
This paper demonstrates how three important results in environmental economics, true under mild conditions in closed economies, are false or need serious amendment in a world with international trade in goods. Since the three results we highlight have framed much of the ongoing discussion and...
Persistent link: https://www.econbiz.de/10012471110
We study local carbon policy to address the consequences of climate change. Standard analysis suggests that the social cost of carbon determines optimal carbon policy. We start by using the spatial integrated assessment model in Cruz and Rossi-Hansberg (2021) to measure the local social monetary...
Persistent link: https://www.econbiz.de/10013210055
Extreme temperatures lead to large fluctuations in electricity demand and wholesale prices of electricity, which in …
Persistent link: https://www.econbiz.de/10012480384
In electricity markets, generators are rewarded both for providing energy and for enabling grid reliability. The two …
Persistent link: https://www.econbiz.de/10012482246
in industries that tended to be either carbon intensive, or electricity intensive, but not involved in international …
Persistent link: https://www.econbiz.de/10012463077
This paper develops a method for forecasting the marginal abatement cost (MAC) of climate policy using three features of the failed Waxman-Markey bill. First, the MAC is revealed by the price of traded permits. Second, the permit price is estimated using a regression discontinuity design (RDD)...
Persistent link: https://www.econbiz.de/10012456421