In this paper, we study the policy interactions between meeting a greenhouse gas emission constraint and local air pollution policies. We use a partial equilibrium model of a national energy market to address three questions. Firstly, what is the greenhouse gas emission reduction one can expect...

This paper analyses the consequences of environmental myopia on policy design in a multi-pollutants framework. Focusing on the correlations between aerosols and greenhouse gases, the paper compares abatement and stock targets setting for various cases of environmental myopia. Both cases of lax...

In Turkey, potential of renewable energy for both heating and cooling systems remains mostly untapped. Turkey’s energy demand is met to a great extent by imported energy sources which constitutes a substantial economic burden for Turkey. The main types of supporting financial mechanisms are...

A question in the design of carbon dioxide trading systems is how allowances are to be initially allocated: by auction, by giving away fixed amounts, or by allocating based on output, fuel, or other decisions. The latter system can bias investment, operations, and pricing decisions, and increase...

Low environmental damage is one of the main justifications for solar energy, especially now that supply security has slipped from public consciousness. In recent years, there has been much progress in the analysis of environmental damages, in particular thanks to the ExternE (external costs of...

Jacobson et al. (2013, hereinafter J13), presented the technical and economic feasibility of converting New York States' all-purpose energy infrastructure (electricity, transportation, heating/cooling, industry) to one powered by wind, water, and sunlight (WWS) producing electricity and...

This paper first reviews the conceptual case for, and appropriate design of, fiscal policies to address major externalities associated with energy use—global warming, local air pollution, and various side effects (e.g., congestion) from motor vehicles. Techniques for (roughly) estimating the...

The PhD thesis is a contribution to the definition of a new banking risk related to the economic impacts of climate change. The climate change will impact the clients of a corporate and investment bank and will have consequences on its strategy and the composition of its business portfolio....

This study analyzes a plan to convert New York State's (NYS's) all-purpose (for electricity, transportation, heating/cooling, and industry) energy infrastructure to one derived entirely from wind, water, and sunlight (WWS) generating electricity and electrolytic hydrogen. Under the plan, NYS's...