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This paper aims at characterizing the conditions of wind power deployment in order to infer a carbon price level that …. Electricity price impact is not visible. The investment cost impact is not significant either, but the effect of the interest rate …/MWh of support in addition to electricity price is needed to observe the connection of new turbines to the grid with a 0 …
Persistent link: https://www.econbiz.de/10010476202
China has realized that for its own sake and from the international community’s perspective, it cannot afford to continue along the conventional path of encouraging economic growth at the expense of the environment. Accordingly, the country has placed ecological goals at the same level of...
Persistent link: https://www.econbiz.de/10011391849
minimize social and economic disruptions and avoid stranded assets, policymakers can start with a low carbon price level and …
Persistent link: https://www.econbiz.de/10011660858
Carbon budgets have emerged as a robust metric of warming, but little is known about the usefulness of regional carbon budgets as indicators of policy. This article explores the potential of regional carbon budgets to inform climate policy. Using the large database of scenarios from IPCC AR5...
Persistent link: https://www.econbiz.de/10011302416
We develop a stochastic model to rank different policies (tax, fixed cap and relative cap) according to their expected total social costs. Three types of uncertainties are taken into account: uncertainty about abatement costs, business-as-usual (BAU) emissions and future economic output (the two...
Persistent link: https://www.econbiz.de/10010419904
Persistent link: https://www.econbiz.de/10009377821
Upon discussion of price setting on electricity wholesale markets, many refer to the so-called merit order model …. Conventional wisdom holds that during most hours of the year, coal- or natural gas-fired power plants set the price on European … markets. In this context, this paper analyses price setting on European power markets. We use a fundamental electricity market …
Persistent link: https://www.econbiz.de/10011948155
China had been singled out by Western politicians and media for dragging its feet on international climate negotiations at Copenhagen, the accusations previously always targeted on the U.S. To put such a criticism into perspective, this paper provides some reflections on China's stance and...
Persistent link: https://www.econbiz.de/10008732053
After twenty years of global negotiations, the world is still far from a comprehensive climate agreement. The "top-down" approach embodied by the Kyoto Protocol has all but stalled, chiefly due to disagreements over levels of ambition and objections to financial transfers. To avoid those...
Persistent link: https://www.econbiz.de/10010373734
Persistent link: https://www.econbiz.de/10013282696