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What Determines Effectiveness of Renewable Energy Standards? General Equilibrium Analytical Model and Empirical Analysis
Fullerton, Don; Ta, Chi L. - National Bureau of Economic Research - 2022
Our new analytical general equilibrium model is used to study effects of tightening state Renewable Portfolio Standards (RPS) on electricity price, CO2 emissions, fossil fuel electricity generation, and two kinds of renewable generation. We show how those outcomes depend on key state...
Persistent link: https://www.econbiz.de/10012938752
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Renewable Energy Policies And Technological Innovation : Evidence Based On Patent Counts
Johnstone, Nick - 2008
This paper examines the effect of environmental policies on technological innovation in the specific case of renewable energy. The analysis is conducted using patent data on a panel of 25 countries over the period 1978-2003. It is found that public policy plays a significant role in determining...
Persistent link: https://www.econbiz.de/10012464887
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Federal Tax Policy Towards Energy
Metcalf, Gilbert E. - 2006
On Aug. 8, 2005, President Bush signed the Energy Policy Act of 2005 (PL 109-58). This was the first major piece of energy legislation enacted since 1992 following five years of Congressional efforts to pass energy legislation. Among other things, the law contains tax incentives worth over $14...
Persistent link: https://www.econbiz.de/10012466094
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Buffering Volatility : A Study on the Limits of Germany’s Energy Revolution
Sinn, Hans-Werner - 2016
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 …, Norwegian hydro-dam buffering and international diversification via grid expansion. If Germany operated in autarchy and tried to …
Persistent link: https://www.econbiz.de/10012456210
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Soaking Up the Sun : Battery Investment, Renewable Energy, and Market Equilibrium
Butters, R. Andrew; Dorsey, Jackson; Gowrisankaran, Gautam - National Bureau of Economic Research - 2021
We develop a dynamic competitive equilibrium model of battery adoption and operations to evaluate the social value and adoption trajectory of utility-scale batteries and examine policy counterfactuals. The first battery unit breaks even in 2027 when renewable energy share reaches 52% and...
Persistent link: https://www.econbiz.de/10012616581
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Holding Up Green Energy
Ryan, Nicholas - National Bureau of Economic Research - 2021
Green energy is produced by relationship-specific assets that are vulnerable to hold-up if contracts are not strictly enforced. I study the role of counterparty risk in the procurement of green energy using data on the universe of solar procurement auctions in India. The Indian context allows...
Persistent link: https://www.econbiz.de/10012616602
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Long-Term Resource Adequacy in Wholesale Electricity Markets with Significant Intermittent Renewables
Wolak, Frank A. - National Bureau of Economic Research - 2021
Growing amounts of intermittent renewable generation capacity substantially increases the complexity of determining whether sufficient energy will be available to meet hourly demands throughout the year. As the events of August 2020 in California and February 2021 in Texas demonstrate, supply...
Persistent link: https://www.econbiz.de/10012599323
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The Economics of Electric Vehicles
Rapson, David S.; Muehlegger, Erich - National Bureau of Economic Research - 2021
Electric vehicles (EVs) powered by renewable electricity are a centerpiece of efforts to decarbonize transportation. EV advocates also claim benefits from local pollution reductions, lower life-cycle costs to consumers, and improved energy security. We examine the theory and evidence behind...
Persistent link: https://www.econbiz.de/10012599383
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The Dynamic Impact of Market Integration : Evidence from Renewable Energy Expansion in Chile
Gonzales, Luis E.; Ito, Koichiro; Reguant, Mar - National Bureau of Economic Research - 2022
Effective and economical expansion of renewable energy is one of the most urgent and important challenges of addressing climate change. However, many countries are facing a problem because existing network infrastructures (i.e., transmission networks) were not originally built to accommodate...
Persistent link: https://www.econbiz.de/10013210044
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Decarbonization and Electrification in the Long Run
Holland, Stephen P.; Mansur, Erin; Yates, Andrew J. - National Bureau of Economic Research - 2022
Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit of generation and storage capacity captures crucial aspects of the electricity industry such as time-varying demand for electricity, intermittency of renewables, and...
Persistent link: https://www.econbiz.de/10013210110