This article explores key market design issues to be addressed in future electricity markets dominated by intermittent renewable generation with near zero private marginal costs for generating electricity. Changing technology mixes will change market outcomes, but they do not change the...

This paper estimates demand for residential solar photovoltaic (PV) systems using a new approach to address three empirical challenges that often arise with count data: excess zeros, unobserved heterogeneity, and endogeneity of price. Our results imply a price elasticity of demand for solar PV...

Many models in energy economics assess the cost of alternative power generation technologies. As an input, the models require well calibrated assumptions for the cost of capital or discount rates to be used, especially for renewable energy for which the cost of capital differs widely across...

Various political, social and economic reasons made Bangladesh to realize the importance of finding alternative energy resources for future energy security. Coal is considered as one of the best options for Bangladesh to generate electricity as part of fuel diversification plan. Bangladesh has...

China’s capital-intensive, export-oriented, spectacular economic growth since launching its open-door policy and economic reforms in late 1978 not only has created jobs and has lifted millions of the Chinese people out of poverty, but also has given rise to unprecedented environmental...

China’s unilateral pledge to cut its carbon intensity by 40-45 percent by 2020 relative to its 2005 levels raises both the stringency issue, and given that China’s pledge is in the form of carbon intensity, reliability issues concerning China’s statistics on energy and GDP. Moreover, as...

The variability of wind and solar power crucially affects their social value. This paper determines the welfare-optimal market share of wind and solar power under different technology, price, and policy assumptions, focussing on the impact of variability. A numerical electricity market model...

Renewable portfolio standards (RPS) are the most popular U.S. state-level policy tools for promoting deployment of electricity from renewable energy (RES-E). While several econometric studies have estimated the effect of RPS policies on RES-E deployment, results are sometimes contradictory....

Paragraph 31(iii) of the Doha Ministerial Declaration mandates to the liberalization of environmental goods and services. This mandate offers a good opportunity to put climate-friendly goods and services on a fast track to liberalization. Agreement on this paragraph should represent one...

Using a panel database for 27 programs in 16 U.S. states over 1998-2009, we assess the impact of 12 state-level policies on the cost and deployment of solar photovoltaic (PV) technologies for two sectors defined by system sizes: residential ( 10kW) and commercial (10 − 100kW). We first examine...