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Should environmental R&D be prioritized?

Golombek, Rolf; Greaker, Mads; Hoel, Michael - In: Resource and energy economics 60 (2020), pp. 1-12

Persistent link: https://www.econbiz.de/10012515250

The rise and fall of bioenergy

Hoel, Michael - In: Journal of environmental economics and management : … 101 (2020), pp. 1-14

Persistent link: https://www.econbiz.de/10012533879

The rise and fall of bioenergy

Hoel, Michael - 2018

If bioenergy has a less negative impact on the climate than fossil energy, it may be optimal to have a significant increase in the use of bioenergy over time. Due to the difference in the way the climate is affected by the two types of energy, the future time path of the use of bioenergy may be...

Persistent link: https://www.econbiz.de/10011819398

Climate Agreements and Technology Policy

Hoel, Michael; Golombek, Rolf - 2004

externalities within each country are corrected through a domestic subsidy of R&D investments. We compare the properties of … an international agreement controlling abatements directly through emission quotas, the equilibrium R&D subsidy is lower … that the socially optimal subsidy. The equilibrium subsidy is even lower if the climate agreement does not specify emission …

Persistent link: https://www.econbiz.de/10011324974

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

Pareto Improving Climate Policies: Distributing the Benefits across Generations and Regions

Hoel, Michael; Kittelsen, Sverre A.C.; Kverndokk, Snorre - 2015

Most studies show that the present generation has to take the burden and reduce consumption to mitigate future climate change. However, significant climate change is due to a market failure, and corrections of market failures give possibilities of Pareto improvements. In this paper, we study the...

Persistent link: https://www.econbiz.de/10011388158

Does a renewable fuel standard for biofuels reduce climate costs?

Greaker, Mads; Hoel, Michael; Rosendahl, Knut Einar - 2012

Recent contributions have questioned whether biofuels policies actually lead to emissions reductions, and thus lower climate costs. In this paper we make two contributions to the literature. First, we study the market effects of a renewable fuel standard. Opposed to most previous studies we...

Persistent link: https://www.econbiz.de/10011968490

Climate change and carbon tax expectations

Hoel, Michael - 2010

If investors fear that future carbon taxes will be lower than currently announced by policy makers, long-run investments in greenhouse gas mitigation may be smaller than desirable. On the other hand, owners of a non-renewable carbon resource that underestimate future carbon taxes will postpone...

Persistent link: https://www.econbiz.de/10010266081

International cooperation on climate-friendly technologies

Golombek, Rolf; Hoel, Michael - 2009

-best technology agreement has higher R&D, higher emissions, or both compared with the first-best-outcome. The second-best subsidy … always exceeds the subsidy under no international R&D cooperation. Further, when the price of carbon is the same in the …

Persistent link: https://www.econbiz.de/10010274291

Incentives for environmental R&D

Greaker, Mads; Hoel, Michael - 2011

Since governments can influence the demand for a new abatement technology through their environmental policy, they may be able to expropriate innovations in new abatement technology ex post. This suggests that incentives for environmental R&D may be lower than the incentives for market goods...

Persistent link: https://www.econbiz.de/10010274844