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Did the renewable fuel standard shift market expectations of the price of ethanol?

Baumeister, Christiane; Ellwanger, Reinhard; Kilian, Lutz - 2016

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/10011587532

A microfoundation of predator-prey dynamics

Eichner, Thomas; Pethig, Rüdiger - 2003

behave as if they maximize their net biomass subject to constraints which express the organisms risk of being preyed upon … during predation. Like consumers, organisms face a budget constraint requiring their expenditure on prey biomass not to … exceed their revenue from supplying own biomass. Short-run ecosystem equilibria are defined and derived. The net biomass …

Persistent link: https://www.econbiz.de/10011507918

Market power in interactive environmental and energy markets : the case of green certificates

Amundsen, Eirik Schrøder; Nese, Gjermund - 2016

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/10011482473

Synergistic value in vertically integrated power-to-gas energy systems

Glenk, Gunther; Reichelstein, Stefan - 2019

This paper examines the value that can potentially be created by a vertically integrating energy system. Integration entails operational gains that must be traded off against the requisite cost of capacity investments. In the context of our model, the operational gains are subject to inherent...

Persistent link: https://www.econbiz.de/10012129786

Environmental policy and innovation : a decade of research

Popp, David - 2019

Encouraging innovation is an important part of environmental policy. A large literature in environmental economics examines the links between environmental policy and innovation. This paper reviews recent literature on green innovation. I highlight major trends in the literature, including an...

Persistent link: https://www.econbiz.de/10011983674

Fiscal and regulatory instruments for clean technology development in the European Union

Dechezleprêtre, Antoine; Popp, David - 2015

This policy note investigates whether the current level of public support to environment-friendly technologies is sufficient to allow European countries to respond to the multiple challenges posed by climate change and other environmental concerns. We first lay out the justifications for...

Persistent link: https://www.econbiz.de/10010519926

To build or not to build? : capital stocks and climate policy

Baldwin, Elizabeth; Cai, Yongyang; Kuralbaeva, Karlygash Z. - 2018

We investigate how irreversibility in "dirty" and "clean" capital stocks affects optimal climate policy, from both theoretical and numerical perspectives. An increasing carbon tax will reduce investments in assets that pollute, and so reduce emissions in the short term: our "irreversibility...

Persistent link: https://www.econbiz.de/10011794242

The rise and fall of bioenergy

Hoel, Michael - 2018

If bioenergy has a less negative impact on the climate than fossil energy, it may be optimal to have a significant increase in the use of bioenergy over time. Due to the difference in the way the climate is affected by the two types of energy, the future time path of the use of bioenergy may be...

Persistent link: https://www.econbiz.de/10011819398

Simultaneous use of black, green, and white certificates systems : a rather messy business

Amundsen, Eirik Schrøder; Bye, Torstein - 2016

We formulate a model with black, green and white certificates markets that function in conjunction with an electricity market. The markets function well in the sense that a common equilibrium solution exist, where all targets are satisfied (e.g. share of green electricity and share of energy...

Persistent link: https://www.econbiz.de/10011489375

Environmental and technology policy options in the electricity sector : interactions and outcomes

Fischer, Carolyn; Newell, Richard G.; Preonas, Louis - 2014

Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from renewable sources, and encourage energy conservation. To what extent do innovation and energy efficiency (EE) market failures justify additional interventions when a carbon price is...

Persistent link: https://www.econbiz.de/10010344788