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The Performance of U.S. Wind and Solar Generating Units

Schmalensee, Richard - 2013

Government subsidies have driven rapid growth in U.S. wind and solar generation. Using data on hourly outputs and prices for 25 wind and nine solar generating plants, some results of those subsidies are studied in detail: the value of these plants' outputs, the variability of output at plant and...

Persistent link: https://www.econbiz.de/10013074906

Level Versus Variability Trade-Offs in Wind and Solar Generation Investments : The Case of California

Wolak, Frank A. - 2016

Hourly plant-level wind and solar generation output and real-time price data for one year from the California ISO control area is used to estimate the vector of means and the contemporaneous covariance matrix of hourly output and revenues across all wind and solar locations in the state. Annual...

Persistent link: https://www.econbiz.de/10012985578

Investment Versus Output Subsidies : Implications of Alternative Incentives for Wind Energy

Aldy, Joseph E. - 2019

This paper examines the choice between subsidizing investment or output to promote socially desirable production. We exploit a natural experiment in which wind farm developers could choose an investment or an output subsidy to estimate the impact of these policy instruments on productivity....

Persistent link: https://www.econbiz.de/10012889173

The Economics of Renewable Energy

Heal, Geoffrey - 2010

Greater use of renewable energy is seen as a key component of any move to combat climate change, and is being aggressively promoted as such by the new U.S. administration and by other governments. Yet there is little economic analysis of renewable energy. This paper surveys what is written and...

Persistent link: https://www.econbiz.de/10013152494

Will the Paris Accord Accelerate Climate Change?

Kotlikoff, Laurence J. - 2016

The 2015 Paris Accord is meant to control our planet's rising temperature. But it may be doing the opposite in gradually, rather than immediately reducing CO2 emissions. The Accord effectively tells dirty-energy producers to "use it or lose it." This may be accelerating their extraction and...

Persistent link: https://www.econbiz.de/10012981109

Climate Policy Under Cooperation and Competition between Regions with Spatial Heat Transport

Cai, Yongyang - 2018

We build a novel stochastic dynamic regional integrated assessment model (IAM) of the climate and economic system including a number of important climate science elements that are missing in most IAMs. These elements are spatial heat transport from the Equator to the Poles, sea level rise,...

Persistent link: https://www.econbiz.de/10012922987

Linkage of Greenhouse Gas Emissions Trading Systems : Learning from Experience

Ranson, Matthew - 2015

The last ten years have seen the growth of linkages between many of the world's cap-and-trade systems for greenhouse … loss of control over domestic carbon policies, which do not appear to have deterred real-world decisions to link …

Persistent link: https://www.econbiz.de/10013034381

Projections and Uncertainties About Climate Change in an Era of Minimal Climate Policies

Nordhaus, William D. - 2016

Climate change remains one of the major international environmental challenges facing nations. Up to now, nations have to date adopted minimal policies to slow climate change. Moreover, there has been no major improvement in emissions trends as of the latest data. The current study uses the...

Persistent link: https://www.econbiz.de/10012977286

On a World Climate Assembly and the Social Cost of Carbon

Weitzman, Martin L. - 2016

This paper postulates the conceptually useful allegory of a futuristic “World Climate Assembly” (WCA) that votes for a … emitter's single-peaked most-preferred world price of carbon emissions to the world “Social Cost of Carbon” (SCC). The second … and third propositions relate the WCA-voted world price of carbon to the world SCC. I argue that the WCA-voted price and …

Persistent link: https://www.econbiz.de/10012979375

Non-Economic Engagement and International Exchange : The Case of Environmental Treaties

Rose, Andrew; Spiegel, Mark - 2021

We examine the role of non-economic partnerships in promoting international economic exchange. Since far-sighted countries are more willing to join costly international partnerships such as environmental treaties, environmental engagement tends to encourage international lending. Countries with...

Persistent link: https://www.econbiz.de/10013238743