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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 … allocation of energy, and which therefore comes at the cost of reduced general production. Requiring societal well-being to never …
Persistent link: https://www.econbiz.de/10013315427
It is commonly believed that the response of the price of corn ethanol (and hence of the price of corn) to shifts in biofuel policies operates in part through market expectations and shifts in storage demand, yet to date it has proved difficult to measure these expectations and to empirically...
Persistent link: https://www.econbiz.de/10012963589
Subsidies to renewable energy are costly and contentious. We estimate the reduction in prices that follows from the … analyzing storage and renewable energy in equilibrium, and provide an anatomy of a market dominated by such technologies …
Persistent link: https://www.econbiz.de/10012964381
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 of RES-E, and energy savings can best be achieved by either setting a …
Persistent link: https://www.econbiz.de/10013030307
be more desirable than com-parable cost reductions related to renewable energy. The finding rests on the incentives …
Persistent link: https://www.econbiz.de/10013038364
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
This paper provides a rationale for subsidizing green (renewable) energy production. Within a multi-country model where … energy is produced with mobile capital in green and dirty production, we investigate the countries' decentralized choice of … emissions taxes and green energy subsidies. Without green subsidies, the emissions tax is set inefficiently low, since each …
Persistent link: https://www.econbiz.de/10013069215
there is a clean energy source that is a perfect substitute and exhibits learning-by-doing (LBD). If the marginal extraction … slightly increase present extraction. Moreover, taxation leads to higher energy prices which induces the renewable energy firms … crowds out energy from the combustion of fossil fuels and may outweigh the initial increase in present extraction, leading to …
Persistent link: https://www.econbiz.de/10013050467
buffering needs resulting from the volatility of wind and solar energy, focusing on a “double-structure-cum-storage strategy …”. While buffering wind and solar energy jointly requires less storage capacity than buffering them separately, joint buffering … double structures, i.e. conventional energy filling the gaps left in windless and dark periods, seems feasible. With this …
Persistent link: https://www.econbiz.de/10012986654
Markets for environmental externalities are typically closely related to the markets causing such externalities, whereupon strategic interaction may result. Along these lines, the market for Tradable Green Certificates (TGCs) is strongly interwoven in the electricity market as the producers of...
Persistent link: https://www.econbiz.de/10012988300