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 …

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 …

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 …

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

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 …

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 …

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 …