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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
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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
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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
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On a World Climate Assembly and the Social Cost of Carbon
Weitzman, Martin - 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
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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
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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
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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
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What Role for Trade in a Post 2012 Global Climate Policy Regime
Whalley, John - 2011
This paper discusses the role that trade can potentially play in both negotiating and operating a post Kyoto/post 2012 global climate policy regime. As an addition to the bargaining set for a global climate negotiation, trade in principle widens the range of jointly beneficial potential outcomes...
Persistent link: https://www.econbiz.de/10013119608
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Cross Country Fairness Considerations and Country Implications of Alternative Approaches to a Global Emission Reduction Regime
Tian, Huifang - 2012
The UNFCCC process of negotiating multilateral carbon emissions reductions thus far has focused on approximately equiproportional cuts in annual carbon emissions by country along the lines of the Kyoto Protocol agreement. But now, with the objective of involving large developing countries such...
Persistent link: https://www.econbiz.de/10013099816
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Sustainable Cooperation in Global Climate Policy : Specific Formulas and Emission Targets to Build on Copenhagen and Cancun
Bosetti, Valentina - 2013
We explore a framework that could be used to assign quantitative allocations of emissions of greenhouse gases (GHGs), across countries, one budget period at a time. Under the two-part plan: (i) China, India, and other developing countries accept targets at Business as Usual (BAU) in the coming...
Persistent link: https://www.econbiz.de/10013091941