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Redistribution effects of energy and climate policy: The electricity market
Hirth, Lion; Ueckerdt, Falko - 2012
policies redistribute wealth between consumers and producers, and within these groups. While redistribution is seldom the focus … the redistribution effects of two major electricity policies: support schemes for renewable energy sources, and CO2 … pricing. We find that the redistribution effects of both policies are large, and they work in opposed directions: while …
Persistent link: https://www.econbiz.de/10010294320
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Control Power and Variable Renewables: A Glimpse at German Data
Hirth, Lion; Ziegenhagen, Inka - 2013
Control power (regulating power, balancing power) is used to quickly restore the supply-demand balance in power systems. Variable renewable energy sources (VRE) such as wind and solar power are often thought to increase the reserve requirement significantly. This paper provides a comprehensive...
Persistent link: https://www.econbiz.de/10010313215
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A Comparison Between Shale Gas in China and Unconventional Fuel Development in the United States: Health, Water and Environmental Risks
Farah, Paolo D.; Tremolada, Riccardo - 2013
China is appraised to have the world's largest exploitable reserves of shale gas, although several legal, regulatory, environmental and investment-related issues will likely restrain its scope. China's capacity to successfully face these hurdles and produce commercial shale gas will have a...
Persistent link: https://www.econbiz.de/10010328696
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The Optimal Share of Variable Renewables. How the Variability of Wind and Solar Power Affects their Welfare-optimal Deployment
Hirth, Lion - 2013
This paper estimates the welfare-optimal market share of wind and solar power; explicitly taking into account their output variability. We present a theoretical valuation framework that consistently accounts for output variability over time; forecast errors; and the location of generators in the...
Persistent link: https://www.econbiz.de/10010328669
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Interaction of European Carbon Trading and Energy Prices
Bunn, Derek W.; Fezzi, Carlo - 2007
This paper addresses the economic impact of the EU Emission Trading Scheme for carbon on wholesale electricity and gas prices. Specifically, we analyse the mutual relationships between electricity, gas and carbon prices in the daily spot markets in the United Kingdom. Using a structural...
Persistent link: https://www.econbiz.de/10010312547
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Pathways to European greenhouse gas emissions trading history and misconceptions
Zapfel, Peter; Vainio, Matti - 2002
We develop and discuss the three pathways to European Greenhouse Gas Emissions Trading: a top-down scheme based on the Kyoto Protocol of the UNFCCC, a bottom-up scheme linking national trading systems of EU Member States, and an EU-wide regional scheme based on the founding principles of the...
Persistent link: https://www.econbiz.de/10011335756
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Climate Agreements and Technology Policy
Hoel, Michael; Golombek, Rolf - 2004
We study climate policy when there are technology spillovers within and across countries, and the technology externalities within each country are corrected through a domestic subsidy of R&D investments. We compare the properties of international climate agreements when the inter-country...
Persistent link: https://www.econbiz.de/10011324974
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Climate Policy under Technology Spillovers
Golombek, Rolf; Hoel, Michael - 2003
Technological development is likely to play an important role in curbing growth in greenhouse gas emissions. It is therefore important to incorporate factors influencing technological change in climate policy analyses. This paper studies climate policy when there are technology spillovers...
Persistent link: https://www.econbiz.de/10011325064
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Second-Best Analysis of European Energy Policy: Is One Bird in the Hand Worth Two in the Bush?
Hübler, Michael; Schenker, Oliver; Fischer, Carolyn - 2015
This paper studies policy instruments that correct insufficient learning-by-doing (LbD) and research and development (R&D) of renewable electricity technologies and insufficient investments in energy efficiency (EE) in the presence of carbon pricing. The theoretical model analysis shows how to...
Persistent link: https://www.econbiz.de/10011451176
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Reaching national Kyoto-targets in Germany by maintaining a sustainable development
Bayer, Stefan; Kemfert, Claudia - 2000
Within this paper, we analyse the fulfilment of the Kyoto-emissions reduction com-mitment exemplary in Germany and its implication on long-term paths of all macro-variables. Germany, like all other industrial or Annex B coun-tries, has to reduce its emissions by 2010 and after what we call a...
Persistent link: https://www.econbiz.de/10011608661