Support from local citizens is important for the scale-up of renewable energy. We investigate the impact of utility … implications for policymakers that want to advocate for renewable energy in their towns. While for solar, the main benefit … constitutes a short-term increase in low-skilled employment and public revenues, wind energy provides more long-term financial …

green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air … pollution that lead to fluctuations in subsidy allocations: Firms in cities where weather-driven subsidy uncertainty is high … focused on environmental technologies are more affected. The results suggest that policy uncertainty may originate not only …

This paper examines the relationship between spot and futures prices for a broad range of commodities, including energy … and/or (2) accurate predictor of subsequent spot prices. While energy futures prices are generally unbiased predictors of …

Federal tax policy provides a broad array of incentives for energy investment. I review those policies and construct … estimates of marginal effective tax rates for different energy capital investments as of 2007. Effective tax rates vary widely …

I use U.S. patent data from 1970 to 1994 to estimate the effect of energy prices on energy-efficient innovations. Using …-side factors, such as scientific advancements that make new innovations possible. I find that both energy prices and the quality of …

This paper sets out a simple spatial model of energy exploitation to ask how the location and productivity of energy … resources affects the distribution of economic activity across geographic space. By combining elements from energy economics and … economic geography we link the productivity of energy resources to the incentives for economic activity to agglomerate. We find …

We estimate an aggregate production function with constant elasticity of substitution between energy and a capital …/labor composite using U.S. data. The implied measure of energy-saving technical change appears to respond strongly to the oil … suggestive of a model of directed technical change, with low short-run substitutability between energy and capital/labor but …

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 …