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We study the effectiveness of climate change mitigation policies in reducing carbon emissions, focusing on the channel of economy-wide energy efficiency. Using U.S. data, we estimate impulse response functions (IRFs) that characterize how energy efficiency responds to energy price shocks....
Persistent link: https://www.econbiz.de/10015051742
Council - was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a … reaching the EU climate goal. This policy, however, is not cost efficient. …
Persistent link: https://www.econbiz.de/10011933893
Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from …
Persistent link: https://www.econbiz.de/10010344788
. We find that an increase by one index point of the green technology support policy index leads to a significant reduction … point of the green R&D expenditure support policy index leads to a significant reduction of around 0.4% in CO2 emissions per … capita in the short run, and of around 1.7% in the long run. An increase by one index point of the wind energy support policy …
Persistent link: https://www.econbiz.de/10014514891
We investigate how irreversibility in "dirty" and "clean" capital stocks affects optimal climate policy, from both … renewable subsidies deliver higher welfare when policy is more mild. …
Persistent link: https://www.econbiz.de/10011794242
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...
Persistent link: https://www.econbiz.de/10014444067
agriculture, fisheries and forestry, though these schemes could also be applied more widely. …
Persistent link: https://www.econbiz.de/10012433898
To decarbonize the power sector policy-makers need to commit to long-term credible rules for climate and energy policy …. Otherwise, time-inconsistent policy-making will impair investments into low-carbon technologies. However, the future benefits … allowing policy-makers the discretion to adjust the policies as new information becomes available. We examine how this trade …
Persistent link: https://www.econbiz.de/10011611130
Instruments chosen to pursue climate related targets are not always efficient. In this paper we consider an economy with three climate related targets for its electricity generation: a given share of "green" electricity, a given expansion of "green" electricity, and a given reduction of "black"...
Persistent link: https://www.econbiz.de/10011804156
I build a quantitative model of economic growth that can be used to evaluate the impact of environmental policy … model to conduct several policy analyses. First, I examine the impact of energy taxes and compare the results to the … can use energy taxes and R&D policy to implement the least-cost path that achieves an environmental target. Finally, I …
Persistent link: https://www.econbiz.de/10012817938