Showing 1 - 10 of 448
effects. By applying this method to a randomized controlled trial on a residential energy rebate program, we show that dynamic …
Persistent link: https://www.econbiz.de/10014576590
We provide a spatial theory of clean growth to assess the global impact of the rise of renewable energy. We model the … of energy in space. The local rate of clean energy adoption depends on learning-by-doing, the global electricity and … a range of scenarios, with substantial welfare gains, even in the absence of policy. Incorporating policy, we find that …
Persistent link: https://www.econbiz.de/10014337847
impact of wind energy development on local earnings and employment, by race, ethnicity, sex, and educational attainment. We … most sub-populations. We discuss implications for achieving equity goals within energy transition policies …
Persistent link: https://www.econbiz.de/10014337841
Economists, energy experts, and policymakers have called for accelerating investment in the U.S. electricity … generation. They could also allow for the better integration of renewable energy sources such as wind and solar, located in areas …
Persistent link: https://www.econbiz.de/10014468290
One concern with subsidies for low-carbon technologies is that they tend to go predominantly to high-income households. Previous research has shown, for example, that the top income quintile receives 60% of subsidies for rooftop solar and 90% of subsidies for electric vehicles. This paper finds...
Persistent link: https://www.econbiz.de/10014322732
This paper studies the macroeconomic effects of energy price shocks in energy-importing economies using a heterogeneous …-agent New Keynesian model. When MPCs are realistically large and the elasticity of substitution between energy and domestic … goods is realistically low, increases in energy prices depress real incomes and cause a recession, even if the central bank …
Persistent link: https://www.econbiz.de/10014337777
The substantial fluctuations in oil prices in the wake of the COVID-19 pandemic and the Russian invasion of Ukraine have highlighted the importance of tail events in the global market for crude oil which call for careful risk assessment. In this paper we focus on forecasting tail risks in the...
Persistent link: https://www.econbiz.de/10014544801
newly digitized administrative reports on extreme weather events occurred in Brazil during the last two decades and a …
Persistent link: https://www.econbiz.de/10012599285
We study how the availability of credit shapes adaptation to a climatic shock, specifically, the long 1950s US drought. We find that bank lending, net immigration, and population growth decline sharply in drought exposed areas with limited initial access to bank finance. In contrast,...
Persistent link: https://www.econbiz.de/10014322744
financial sector. We review the climate stress scenarios currently employed by regulators, highlighting the need to (i) consider … change and the economy; and (iii) further explore "compound risk" scenarios in which climate risks co-occur with other risks …. We discuss how the process of mapping climate stress scenarios into financial firm outcomes can incorporate existing …
Persistent link: https://www.econbiz.de/10014250115