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On Aug. 8, 2005, President Bush signed the Energy Policy Act of 2005 (PL 109-58). This was the first major piece of … energy legislation enacted since 1992 following five years of Congressional efforts to pass energy legislation. Among other …-existing initiatives that the law extends as well as new initiatives. In this paper I survey federal tax energy policy focusing both on …
Persistent link: https://www.econbiz.de/10012778276
Despite popularity among economists for their efficiency, energy pollution taxes enjoy less political support than … on pollution tax incidence and consumption surveys in Mexico, the United Kingdom, and the United States, suggest energy … to the energy commodities that are taxed, the physical, social and climatic characteristics of jurisdictions in which …
Persistent link: https://www.econbiz.de/10012958985
The diffusion of renewable energy in the power system implies high supply variability. Lacking economically viable … storage options, renewable energy integration has so far been possible thanks to the presence of fast-reacting mid … technologies in supporting renewable energy investments. We study the deployment of these two technologies conditional on all other …
Persistent link: https://www.econbiz.de/10012986282
2045 technology and pessimistic interhour demand flexibility uses 79 percent renewable energy, without even accounting for … pollution externalities. If overall demand for electricity is more elastic than our baseline (0.1), renewable energy is even …
Persistent link: https://www.econbiz.de/10012916613
This note generalizes the Solow-Stiglitz efficiency condition for natural resources to the problem of fossil fuel extraction with a greenhouse effect. The generalized optimality condition suggests that the greenhouse effect implies overextraction in the sense of leaving future generations a...
Persistent link: https://www.econbiz.de/10012775909
We explore the principal trends that are shaping the future landscape of energy supply, demand, and trade. We take a … scale, as well as assess the key regional dynamics that are substantially altering the energy scene. The shift from West to … East in the locus of energy growth and the turnaround of North American gas and oil production are the most pronounced of …
Persistent link: https://www.econbiz.de/10013064119
gradually, rather than immediately reducing CO2 emissions. The Accord effectively tells dirty-energy producers to "use it or …
Persistent link: https://www.econbiz.de/10012981109
This chapter examines the tradeoffs of regulating upstream (e.g., coal, natural gas, and refined petroleum product producers) versus regulating downstream (e.g., direct sources of greenhouse gases (GHG)). In general, regulating at the source provides polluters with incentives to choose among...
Persistent link: https://www.econbiz.de/10013142068
energy. The analysis is conducted using patent data on a panel of 25 countries over the period 1978-2003. It is found that … effective for different renewable energy sources …
Persistent link: https://www.econbiz.de/10012753707
Using an analytical general equilibrium model, we find closed form solutions for the effect of energy policy on factor …
Persistent link: https://www.econbiz.de/10013095075