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 …

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 …

This paper analyses a set of new scenarios for energy markets in Europe to evaluate the consistency of economic … economically efficient and, at the same time, climate friendly, energy mix. Economic costs and environmental objectives are … balanced to identify the welfare-maximising development path, the related investment strategies in the energy sector, and the …

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 … spillovers and imperfections in the demand for energy efficiency. We conclude that some technology policies, particularly …

.g. share of green electricity and share of energy saving/ efficiency increase.) The equilibrium solution adapts to changing … targets (e.g. harsher target on energy saving), but it is in general impossible to tell whether this will lead to more, less …

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 …

Policymakers regularly rely on public financial institutions and government offices to provide loans for clean energy … banks providing loans for clean energy projects that use a novel technology. This early-stage lending builds up banks …