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The Shifting Finance of Electricity Generation
Andonov, Aleksandar; Rauh, Joshua - National Bureau of Economic Research - 2024
Despite the incentives of incumbent domestic listed corporations (DLCs) in the electricity generation industry, private equity, institutional investors, and foreign corporations have played an outsized role in financing the energy transition. These new entrants are twice as likely to create...
Persistent link: https://www.econbiz.de/10014635696
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The role of Venture Capital and Governments in Clean Energy : Lessons from the First Cleantech Bubble
Heuvel, Matthias van den; Popp, David - National Bureau of Economic Research - 2022
After a boom and bust cycle in the early 2010s, venture capital (VC) investments are, once again, flowing towards green businesses. In this paper, we use Crunchbase data on 150,000 US startups founded between 2000 and 2020 to better understand why VC initially did not prove successful in funding...
Persistent link: https://www.econbiz.de/10013191014
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Local Labor Market Impacts of the Energy Transition : Prospects and Policies
Hanson, Gordon H. - National Bureau of Economic Research - 2023
Society's transition toward more sustainable energy sources is well underway. But substantially reducing the use of fossil fuels to generate electricity, to power vehicles, and to manufacture the stuff of everyday life will profoundly disrupt the communities that currently dedicate themselves to...
Persistent link: https://www.econbiz.de/10013537765
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Induced Innovation, Inventors, and the Energy Transition
Dugoua, Eugenie; Gerarden, Todd - National Bureau of Economic Research - 2023
We study how individual inventors respond to incentives to work on "clean" electricity technologies. Using natural gas price variation, we estimate output and entry elasticities of inventors and measure the medium-term impacts of a price increase mirroring the social cost of carbon. We find that...
Persistent link: https://www.econbiz.de/10014421213
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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
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The Cost of Climate Policy to Capital : Evidence from Renewable Portfolio Standards
Hong, Harrison G.; Kubik, Jeffrey D.; Shore, Edward P. - National Bureau of Economic Research - 2023
Many US states have set ambitious renewable portfolio standards (RPS) that require utilities to switch from fossil fuels toward renewables. RPS increases the renewables capacity, bond issuance, maturity, and yield spreads of investor-owned utilities compared to municipal producers that are...
Persistent link: https://www.econbiz.de/10014447281
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Electric Vehicles and the Energy Transition : Unintended Consequences of a Common Retail Rate Design
Bailey, Megan R.; Brown, David P.; Meyers, Erica; … - National Bureau of Economic Research - 2024
The growth of electric vehicles (EVs) raises new challenges for electricity systems. We implement a field experiment to assess the effect of time-of-use (TOU) pricing and managed charging on EV charging behavior. We find that while TOU pricing is effective at shifting EV charging into off-peak...
Persistent link: https://www.econbiz.de/10015056212
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A Model of Multiple Districts and Private Schools : The Role of Mobility, Targeting, and Private School Vouchers
Nechyba, Thomas J. - 1999
This paper presents a multi-district model that can be calibrated to data reflecting housing market conditions, public school finance mechanisms and private school markets. Simulations are undertaken to investigate the impact of private school vouchers. Households that differ in both their...
Persistent link: https://www.econbiz.de/10012471551
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Direct and Spillover Effects from Staggered Adoption of Health Policies : Evidence from COVID-19 Stay-at-Home Orders
Elenev, Vadim; Quintero, Luis E.; Rebucci, Alessandro; … - National Bureau of Economic Research - 2021
-at-Home-Orders (SHOs) aimed at containing the spread of COVID-19 on mobility and social interaction measures. We propose a modified … adopted the SHO, and neighbors, to the neighbor's neighbors, which we term hinterland, counties. We find that mobility in … in neighbors that share media markets with treated counties. Using directional mobility data, we decompose the spillover …
Persistent link: https://www.econbiz.de/10012599378
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Urban Mobility and the Experienced Isolation of Students and Adults
Cook, Cody; Currier, Lindsey; Glaeser, Edward L. - National Bureau of Economic Research - 2022
different race is 20% lower for students. Looking at more broad measures of urban mobility, we find that students spend more …. Finally, we find correlational evidence that neighborhoods with more geographic mobility today also had more intergenerational … income mobility in the past. We hope future work will more rigorously test the hypothesis that different geographic mobility …
Persistent link: https://www.econbiz.de/10012814420