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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
when renewable energy share reaches 52% and expected capital costs are $259/kWh. While the competitive market will install …
Persistent link: https://www.econbiz.de/10012616581
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 … themselves or the central government. I find that: (i) the counterparty risk of an average state increases solar energy prices by …
Persistent link: https://www.econbiz.de/10012616602
whether sufficient energy will be available to meet hourly demands throughout the year. As the events of August 2020 in …
Persistent link: https://www.econbiz.de/10012599323
advocates also claim benefits from local pollution reductions, lower life-cycle costs to consumers, and improved energy security …
Persistent link: https://www.econbiz.de/10012599383
Effective and economical expansion of renewable energy is one of the most urgent and important challenges of addressing … renewable supply. In this paper, we study the static and dynamic impacts of market integration on renewable energy expansion …
Persistent link: https://www.econbiz.de/10013210044
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
VC initially did not prove successful in funding new clean energy technologies. Both lackluster demand and a lower … potential for outsized returns make clean energy firms less attractive to VC than startups in ICT or biotech. However, we find … of success of VC in clean energy. In addition, our results show that while public sector investments can help attract VC …
Persistent link: https://www.econbiz.de/10013191014
Policies supporting investment in renewable electricity have been a cornerstone of climate policy in many parts of the world. While previous empirical work explores the economic and environmental impacts of renewable production, the focus has exclusively been on the short-run impacts of...
Persistent link: https://www.econbiz.de/10012480633
We examine the effect of in-state and out-of-state renewable energy policies on wind energy patenting. Using a …
Persistent link: https://www.econbiz.de/10012481037