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emissions. In the near-term, R&D investments, either by government or the private sector, can bring down the costs of these … technologies under uncertainty. Specifically, given two technologies, one with lower costs at present, but the other with greater …
Persistent link: https://www.econbiz.de/10012457272
. Our focus is on quantifying short-term coal-to-gas switching decisions by different types of electric power plants in …
Persistent link: https://www.econbiz.de/10012457042
This paper evaluates changes in fuel procurement practices by coal- and gas-fired power plants in the United States … plants substantially reduce the price paid for coal (but not gas), and tend to employ less capital-intensive sulfur abatement … more productive coal mines. I show how these results lend support to theories of asymmetric information, capital bias, and …
Persistent link: https://www.econbiz.de/10012458556
Energy security is the ability of households, businesses, and government to accommodate disruptions in supply in energy markets. This survey considers the economic dimensions of energy security, political and other non-economic security concerns and discusses policy approaches that could enhance...
Persistent link: https://www.econbiz.de/10012458934
We explore the principal trends that are shaping the future landscape of energy supply, demand, and trade. We take a long-term view, assessing trends on the time scale of a generation by looking 25 years into the past, taking stock of the current situation, and projecting 25 years into the...
Persistent link: https://www.econbiz.de/10012459695
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
Improving end-use energy efficiency--that is, the energy-efficiency of individuals, households, and firms as they consume energy--is often cited as an important element in efforts to reduce greenhouse-gas (GHG) emissions. Arguments for improving energy efficiency usually rely on the idea that...
Persistent link: https://www.econbiz.de/10012457761
Energy-efficient technologies offer considerable promise for reducing the financial costs and environmental damages … economically efficient? Second, are energy operating costs inefficiently priced and/or understood? Third, are product choices cost …-minimizing in present value terms? Fourth, do other costs inhibit more energy-efficient decisions? We review empirical evidence on …
Persistent link: https://www.econbiz.de/10012457762
We develop a microeconomic model of endogenous growth where clean and dirty technologies compete in production and innovation--in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more advanced to start with, the potential transition to...
Persistent link: https://www.econbiz.de/10012457923
for credibly estimating the net present value of energy cost savings and often leaves other benefits and costs unmeasured …
Persistent link: https://www.econbiz.de/10012460893