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Gone with the Wind? An Empirical Analysis of the Renewable Energy Rent Transfer
Liski, Matti - 2017
Subsidies to renewable energy are costly and contentious. We estimate the reduction in prices that follows from the subsidized entry of wind power in the Nordic electricity market. A relatively small-scale entry of renewables leads to a large-scale transfer of surplus from the incumbent...
Persistent link: https://www.econbiz.de/10012964381
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From Fossil Fuels to Renewables : The Role of Electricity Storage
Lazkano, Itziar - 2016
We analyze the role of electricity storage for technological innovations in electricity generation. We propose a directed technological change model of the electricity sector, where innovative firms develop better electricity storage solutions, which affect not only the relative competitiveness...
Persistent link: https://www.econbiz.de/10012986171
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The Optimal Energy Mix in Power Generation and the Contribution from Natural Gas in Reducing Carbon Emissions to 2030 and Beyond
Carraro, Carlo; Tavoni, Massimo; Longden, Thomas; … - 2021
This paper analyses a set of new scenarios for energy markets in Europe to evaluate the consistency of economic incentives and climate objectives. It focuses in particular on the role of natural gas across a range of climate policy scenarios (including the Copenhagen Pledges and the EU Roadmap)...
Persistent link: https://www.econbiz.de/10013315708
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Did the Renewable Fuel Standard Shift Market Expectations of the Price of Ethanol?
Baumeister, Christiane - 2017
estimate the market's expectations of the prices of ethanol, unfinished motor gasoline and crude oil at horizons from three …
Persistent link: https://www.econbiz.de/10012963589
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The Transition to Renewable Energy
Mason, Charles F.; Morin Chassé, Rémi - 2021
The existing economics literature neglects the important role of capacity in the production of renewable energy. To fiill this gap, we construct a model in which renewable energy production is tied to renewable energy capacity, which then becomes a form of capital. This capacity capital can be...
Persistent link: https://www.econbiz.de/10013315427
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Green Tradable Certificates versus Feed-In Tariffs in the Promotion of Renewable Energy Shares
Requate, Tilman - 2015
The paper analyzes the relationship between CO2 mitigation policy and promotion policies designed to deploy renewable energy sources for electricity production (RES-E). If an emission cap is the only policy target, an optimal mix consisting of high and low carbon use of fossil fuels, deployment...
Persistent link: https://www.econbiz.de/10013030307
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Country-Specific Oil Supply Shocks and the Global Economy : A Counterfactual Analysis
Mohaddes, Kamiar - 2015
This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution … is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate … this within a compact quarterly model of the global economy to illustrate how our multi-country approach to modelling oil …
Persistent link: https://www.econbiz.de/10013021694
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Vertical Integration and Valuation of International Oil Companies
Misund, Bard - 2014
This paper studies financial statement information from the 50 largest international oil and gas companies during 1992 …. Furthermore, the value relevance of oil and gas reserves is different among successful efforts and full cost companies. Larger … significantly lower for integrated companies than for pure upstream companies. We also find that the value relevance of oil and gas …
Persistent link: https://www.econbiz.de/10013043599
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Banking Permits : Economic Efficiency and Distributional Effects
Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele - 2021
Most analyses of the Kyoto flexibility mechanisms focus on the cost effectiveness of where flexibility (e.g. by showing that mitigation costs are lower in a global permit market than in regional markets or in permit markets confined to Annex 1 countries). Less attention has been devoted to when...
Persistent link: https://www.econbiz.de/10013316607
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The Sustainability of Empire in Global Perspective : The Role of International Trade Patterns
Bonfatti, Roberto - 2012
European empires had two key economic aspects: the extraction of colonial wealth by colonizers, and the relevance of trade for the colonial economies. I build a simple model of decolonization that puts these two elements at centre stage. By controlling policy in the colony, the mother country...
Persistent link: https://www.econbiz.de/10013104259