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Metcalf, Gilbert E. - 2006

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/10012466094

Energy Policy with Externalities and Internalities

Allcott, Hunt - 2012

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/10012460682

Variation in State Response to Open Access : Constituent Characteristics

Libecap, Gary D. - National Bureau of Economic Research - 2024

Open access, competitive exploitation can be incredibly damaging to valuable resources and the human populations that depend upon them. Even though wealth, resource rents and stocks are at stake, open access often seems to be ineffectively addressed across time and space. Institutions vary....

Persistent link: https://www.econbiz.de/10014468221

Climate Change, Directed Innovation, and Energy Transition : The Long-run Consequences of the Shale Gas Revolution

Acemoglu, Daron; Aghion, Philippe; Barrage, Lint; … - National Bureau of Economic Research - 2023

We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with coal, natural gas, or clean sources and the direction of technology is endogenous. In the short run, a natural gas boom reduces carbon emissions by inducing substitution away...

Persistent link: https://www.econbiz.de/10014372414

The Gas Trap : Outcompeting Coal vs. Renewables

Harstad, Bård; Holtsmark, Katinka - National Bureau of Economic Research - 2024

We analyze a fundamental dilemma and time-inconsistency problem facing a climate coalition producing natural gas. In the short term, it is tempting to export more to outcompete coal. When this policy is anticipated, however, investments in renewables fall and emissions ultimately increase. When...

Persistent link: https://www.econbiz.de/10014635681

Innovation and Entrepreneurship in the Energy Sector

Popp, David - 2020

Historically, innovation in the energy sector proceeded slowly and entrepreneurial start-up firms played a relatively minor role. We argue that this may be changing. Energy markets are going through a period of profound structural change. The rise of hydrofracturing lowered fossil fuel prices so...

Persistent link: https://www.econbiz.de/10012481728

What Determines Effectiveness of Renewable Energy Standards? General Equilibrium Analytical Model and Empirical Analysis

Fullerton, Don; Ta, Chi L. - National Bureau of Economic Research - 2022

Our new analytical general equilibrium model is used to study effects of tightening state Renewable Portfolio Standards (RPS) on electricity price, CO2 emissions, fossil fuel electricity generation, and two kinds of renewable generation. We show how those outcomes depend on key state...

Persistent link: https://www.econbiz.de/10012938752

Renewable Energy Policies And Technological Innovation : Evidence Based On Patent Counts

Johnstone, Nick - 2008

This paper examines the effect of environmental policies on technological innovation in the specific case of renewable energy. The analysis is conducted using patent data on a panel of 25 countries over the period 1978-2003. It is found that public policy plays a significant role in determining...

Persistent link: https://www.econbiz.de/10012464887

Economic Aspects of the Energy Transition

Heal, Geoffrey - 2020

I make three points relating to the transition from fossil fuels to non-carbon energy. One is that the economic cost of moving from fossil fuels to renewable energy in electricity generation is very low, and probably lower than many estimates of the economic benefits from this change. The second...

Persistent link: https://www.econbiz.de/10012481069

Buffering Volatility : A Study on the Limits of Germany’s Energy Revolution

Sinn, Hans-Werner - 2016

Squaring hourly demand and wind-solar production data for Germany and a number of neighbouring countries with the results of the EU's ESTORAGE project, this paper studies the limits of Germany's energy revolution in view of the volatility of wind and solar power. In addition to pumped storage,...

Persistent link: https://www.econbiz.de/10012456210

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