We examine the efficiency and distributional impacts of greenhouse gas policies directed toward the electricity sector in a model that links a “top-down” general equilibrium representation of the U.S. economy with a “bottom-up” electricity-sector dispatch and capacity expansion model....

Given that China is already the world’s largest carbon emitter and its emissions continue to rise rapidly in line with its industrialization and urbanization, there is no disagreement that China eventually needs to take on binding greenhouse gas emissions caps. However, the key challenges are...

An equilibrium economic model for policy evaluation related to electricity generation at national and individual state level in U.S has been developed. The model takes into account the nonrenewable and renewable energy sources, demand and supply factors and environmental constraints (CO2...

This study explores heterogeneity in individual willingness to pay (WTP) for a public good using several different variants of the multinomial logit (MNL) model for stated choice data. These include a simple MNL model with interaction terms between respondent characteristics and attribute...

Recently, many countries have introduced systems of tradable green certificates (TGCs) in order to increase the proportion of their electricity supply obtained from renewable sources. The main objective of this paper is to investigate the analytics of a TGC system of the Nordic type when...

We examine the effects of future renewable expansion in Germany on residual load and renewable surplus generation for policy-relevant scenarios for 2022, 2032 and 2050. We also determine the storage capacities required for taking up renewable surpluses for varying levels of accepted curtailment....

Renewable Portfolio Standards (RPS) have been a contentious issue amongst policymakers in recent years. Neoclassical theory would suggest that, in the short-run, RPS mandates will raise electricity rates if the cost of electricity generation via renewable energy technologies exceeds that of...

Population and economic growth will lead to additional energy demand in the coming decades. Consumption increase in the period to 2030 has to and will be met mainly by fossil fuels. There is enough oil and gas for the rest of the century. The challenge is to avoid the imminent growth of CO2...

Under today's conditions, global energy demand would double until 2050 and CO2 emissions could be expected to increase even more (by 137%). This would be related to an increasing dependence of OECD member countries on energy imports, and also to a further aggravation of the global greenhouse...

Much attention in recent years has turned to the potential of behavioural insights to improve the performance of government policy. One behavioural concept of interest is the effect of a cash transfer label on how the transfer is spent. The Winter Fuel Payment (WFP) is a labelled cash transfer...