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 …

be more desirable than com-parable cost reductions related to renewable energy. The finding rests on the incentives …

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 …

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 …

Optimal climate policy is studied. Coal, the abundant resource, contributes more CO2 per unit of energy than the …

or wind energy brings forward the date at which fossil fuels become exhausted and consequently global warming is … backstop is sufficiently cheap relative to marginal global warming damages (e.g., nuclear energy) as then it is attractive to …