Despite ambitious climate goals and already substantial stocks of developed fossil energy reserves, development of new … fossil energy reserves continues to be high. This raises concerns, as it reinforces the fossil industry’s opportunities and … paper, we analyze the energy transition, considering fossil exploration and development activities. We provide conditions …

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. …

Council - was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a … final energy consumption, and improved energy efficiency. We find that the renewable and energy-efficiency targets have been …

We study clean energy subsidies in a quantitative climate-economy model. Clean en-ergy subsidies decrease carbon … emissions if and only if they lower the marginal product of dirty energy. The constrained-efficient subsidy equals the marginal … external cost of dirty energy multiplied by the marginal impact of clean energy production on dirty energy production. With …

To decarbonize the power sector policy-makers need to commit to long-term credible rules for climate and energy policy … renewable energy sources. Using a dynamic partial equilibrium model of the power sector, we show that commitment to state …

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 …

spillovers and imperfections in the demand for energy efficiency. We conclude that some technology policies, particularly … renewable sources, and encourage energy conservation. To what extent do innovation and energy efficiency (EE) market failures … advanced and conventional renewable energy technologies and short and long-run EE investments. We incorporate both knowledge …

interventions on final-use energy consumption, an important driver of carbon emissions. In the model, energy demand is driven by … directed technical change. Energy supply is subject to increasing extraction costs. The model is consistent with aggregate … evidence on energy use, efficiency, and prices in the United States, as well as the standard balanced growth facts. I use the …