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 …

introduce a renewable fuel standard, there will be carbon leakage to the rest of the world. However, climate costs may decline …

banking on carbon emissions, technological progress, and optimal investment decisions is quantified and the incentives that …

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 …

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 …

We study the incidence of carbon-reduction and green-energy promotion policies in an open fossil-fuel importing general … energy are shown to reduce also carbon emissions and vice versa. Their direct effects are stronger than their side effects …, the more so, the greater is the elasticity of substitution in consumption between energy and the consumption good. We …

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 increased through investment, which we interpret as arising from the …