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Estimating Path Dependence in Energy Transitions

Meng, Kyle - 2016

What induces clean energy transitions? When transitional dynamics exhibit strong path dependence, a temporary shock to input composition can trigger permanent structural change. I examine whether such dynamics characterize the U.S. electricity sector's use of coal - the most climate-damaging...

Persistent link: https://www.econbiz.de/10012984756

Innovation-Led Transitions in Energy Supply

Lemoine, Derek - 2017

I generalize a benchmark model of directed technical change to allow innovations and factors of production (here energy resources) to be substitutes or complements. I show that a dominant sector is forever locked-in under substitutability but researchers' market incentives can drive a transition...

Persistent link: https://www.econbiz.de/10012955939

The Economics of Energy Security

Metcalf, Gilbert E. - 2013

Energy security is the ability of households, businesses, and government to accommodate disruptions in supply in energy markets. This survey considers the economic dimensions of energy security, political and other non-economic security concerns and discusses policy approaches that could enhance...

Persistent link: https://www.econbiz.de/10013071794

Federal Tax Policy Towards Energy

Metcalf, Gilbert E. - 2007

incentives. In particular, I make a rough calculation of the impact of tax incentives for domestic oil production on world oil … supply and prices and find that the incentives for domestic production have negligible impact on world supply or prices … despite the United States being the third largest oil producing country in the world. Finally, I present results from a model …

Persistent link: https://www.econbiz.de/10012778276

The Global Energy Outlook

Newell, Richard G. - 2014

We explore the principal trends that are shaping the future landscape of energy supply, demand, and trade. We take a long-term view, assessing trends on the time scale of a generation by looking 25 years into the past, taking stock of the current situation, and projecting 25 years into the...

Persistent link: https://www.econbiz.de/10013064119

Global Energy Outlook 2015

Newell, Richard G. - 2016

This paper assesses trends in the global energy sector through 2040 by harmonizing multiple projections issued by private, government, and inter-governmental organizations based on methods from “Global Energy Outlooks Comparison: Methods and Challenges” (Newell and Qian 2015). These...

Persistent link: https://www.econbiz.de/10012996882

Energy Policy with Externalities and Internalities

Allcott, Hunt - 2013

We analyze optimal policy when consumers of energy-using durables undervalue energy costs relative to their private optima. First, there is an Internality Dividend from Externality Taxes: aside from reducing externalities, they also offset distortions from underinvestment in energy efficiency....

Persistent link: https://www.econbiz.de/10013091197

Implications for Energy Innovation from the Chemical Industry

Arora, Ashish - 2014

The history of innovation in the chemical industry offers many insights for accelerating energy innovation. In this chapter, we begin by laying out the early history of the chemical industry for an overview of the role innovation has played in its development. We then explore three noteworthy...

Persistent link: https://www.econbiz.de/10013070355

Tax Policies for Low-Carbon Technologies

Metcalf, Gilbert E. - 2010

The U.S. tax code provides a number of subsidies for low-carbon technologies. I discuss the difficulties of achieving key policy goals with subsidies as opposed to using taxes to raise the price of pollution-related activities. In particular, subsidies lower the cost of energy (on average)...

Persistent link: https://www.econbiz.de/10013152559

Prices vs. Quantities : Environmental Regulation and Imperfect Competition

Mansur, Erin T. - 2007

In a market subject to environmental regulation, a firmamp;apos;s strategic behavior affects the production and emissions decisions of all firms. If firms are regulated by a Pigouvian tax, changing emissions will not affect the marginal cost of polluting. However, under a tradable permits...

Persistent link: https://www.econbiz.de/10012775795

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