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 …

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 … advanced and conventional renewable energy technologies and short and long-run EE investments. We incorporate both knowledge …

.g. share of green electricity and share of energy saving/ efficiency increase.) The equilibrium solution adapts to changing …, or unchanged consumption of "black", "green" or "white" electricity. These, markets give thus a poor guidance for future …We formulate a model with black, green and white certificates markets that function in conjunction with an electricity …

countries, compatible with the sustainability of the processes concerning the Earth system. Mainly by focusing on the energy … development, characterized by the role of fossil fuels and by the progressive dominance of those with a higher energy and density …

Subsidies to renewable energy are costly and contentious. We estimate the reduction in prices that follows from the … subsidized entry of wind power in the Nordic electricity market. A relatively small-scale entry of renewables leads to a large … the total electricity market expenditures. The subsidies generate net gains to consumers. We develop an approach to …

We estimate the relationship between electricity, fuel and carbon prices in Germany, France, the Netherlands, the Nord … increasing interaction between electricity and input prices on the one hand, and between electricity markets on the other. The …

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 …

Proponents of Bitcoin argue that demand for electricity from Bitcoin miners can lead to an increase in renewable … electricity capacity. We rigorously evaluate this claim by estimating a Bitcoin electricity demand curve and include this demand … curve in a long-run model of the Texas electricity market. We find that while Bitcoin mining can indeed increase renewable …