In the absence of an infrastructure for the harvest, storage and purchase of cellulosic biomass, contracting is an important mechanism through which biorefineries can ensure adequate feedstock supply. We develop an optimization model to assess the economic potential of dedicated energy crops...

This paper evaluates the role of land in long-run climate stabilization mitigation scenarios. The details of land modeling for common stabilization policy scenarios are, for the first time, presented, contrasted, and assessed. While we find significant differences in approaches across modeling...

We explore the implications of potentially counteractive greenhouse gas mitigation responses to carbon prices and the complications that could ensue for limiting radiative forcing in the near-term. Specifically we consider the problem of reproducing the radiative forcing pathway for...

Climate change is likely to affect commercial forest and pasture land use and production activities. As such, behavioral responses that adapt to the new and evolving climatic conditions are also likely. Integrated Assessment Models (IAMs) have an important role to play. IAMs are a unique class...

This study documents the return and volatility spillover effect between the stock prices of Chinese new energy and fossil fuel companies using the asymmetric BEKK model. Based on daily samples taken from August 30, 2006 to September 11, 2012, the dynamics of new energy/fossil fuel stock...

This study explores heterogeneity in individual willingness to pay (WTP) for a public good using several different variants of the multinomial logit (MNL) model for stated choice data. These include a simple MNL model with interaction terms between respondent characteristics and attribute...

We study the impact of competition and environmental policy (feed-in tariff vs. the EU ETS) on investment, CO2 emissions and welfare in an electricity sector. We consider different market structures (a planner who maximises social welfare vs. duopoly) and two types of consumers (those whose...

Renewable portfolio standard (RPS), which requires a certain percentage of electricity production from renewables, has received considerable attention. One emerging issue is the possibility of strategic behavior in the renewable energy certificate/credit (REC) market, and its spillover effects...

The electricity sector is responsible for roughly 40% of U.S. carbon dioxide (CO2) emissions, and a reduction in CO2 emissions from electricity generation is an important component of the U.S. strategy to reduce greenhouse gas emissions. Toward that goal, several proposals for a clean energy...

This paper addresses the impact of the structure of energy prices on technological change in renewable energy sources. It operates on two fields of research that are often not related to each other. Firstly, the increasing interest in environmental economics for the determinants of green...