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Estimating Path Dependence in Energy Transitions

Meng, Kyle C. - 2016

Addressing climate change requires transitioning away from coal-based energy. Recent structural change models demonstrate that temporary interventions could induce permanent fuel switching when transitional dynamics exhibit strong path dependence. Exploiting changes in local coal supply driven...

Persistent link: https://www.econbiz.de/10012456143

Innovation-Led Transitions in Energy Supply

Lemoine, Derek - 2017

I generalize a benchmark model of directed technical change in order to reconcile it with the historical experience of energy transitions. I show that the economy becomes increasingly locked-in to the dominant sector when machines and energy resources are substitutes, but a transition away from...

Persistent link: https://www.econbiz.de/10012455261

Federal Tax Policy Towards Energy

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

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/10012458934

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 projections...

Persistent link: https://www.econbiz.de/10012456599

The Global Energy Outlook

Newell, Richard G. - 2013

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/10012459695

Implications for Energy Innovation from the chemical industry

Arora, Ashish - 2010

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/10012462976

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

Robust Decarbonization of the US Power Sector : Policy Options

Stock, James H.; Stuart, Daniel N. - National Bureau of Economic Research - 2021

To reliably achieve deep decarbonization of the US power sector, a candidate policy must perform robustly across a range of possible future trajectories of demand, fossil fuel prices, and prices of new wind and solar capacity. Using a modified version of the NREL ReEDS model with scenarios that...

Persistent link: https://www.econbiz.de/10012510555

Tax Policies for Low-Carbon Technologies

Metcalf, Gilbert E. - 2009

I conclude with some observations on the use of price-based instruments. In particular I discuss how a carbon tax could be designed to achieve environmental goals of emission caps over a control period

Persistent link: https://www.econbiz.de/10012463596

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