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Commitment vs. Discretion in Climate and Energy Policy
Habermacher, Florian; Lehmann, Paul - 2017
-contingent renewable subsidies outperforms both unconditional commitment and discretion. The choice between the practically more feasible …-off between policy commitment and discretion affects the optimal intertemporal design of policies to support the deployment of … renewable energy sources. Using a dynamic partial equilibrium model of the power sector, we show that commitment to state …
Persistent link: https://www.econbiz.de/10011615910
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Commitment Versus Discretion in Climate and Energy Policy
Habermacher, Florian; Lehmann, Paul - In: Environmental and Resource Economics 76 (2020) 1, pp. 39-67
-off between policy commitment—either unconditional or state-contingent—and discretion affects the optimal intertemporal design of … market-based instruments in the power sector. Using a dynamic partial equilibrium model, we show that commitment to a state …-contingent level of ambition for the market-based instrument leads to higher welfare than both unconditional commitment and discretion …
Persistent link: https://www.econbiz.de/10014503446
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The Rise and Fall of Bioenergy
Hoel, Michael Olaf - 2018
, and later a reduction. Optimal taxes and subsidies are derived both for the first-best case and for the case of a …
Persistent link: https://www.econbiz.de/10011872028
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France's environmental policies: Internalising global and local externalities
Egert, Balazs - 2012
France has a very ambitious environmental-policy agenda, aimed chiefly at cutting greenhouse gas (GHG) emissions but also at dealing with local air and water pollution, waste management and the conservation of biodiversity. The laws that followed the Grenelle de l'environnement encompass policy...
Persistent link: https://www.econbiz.de/10010283620
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Is there a green paradox?
Hoel, Michael - 2010
A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even so, such a carbon tax path may reduce total costs related to climate change, since the tax may reduce total carbon extraction. A government cannot commit to a specific carbon...
Persistent link: https://www.econbiz.de/10010274935
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Is there a green paradox?
Hoel, Michael - 2010
A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even so, such a carbon tax path may reduce total costs related to climate change, since the tax may reduce total carbon extraction. A government cannot commit to a specific carbon...
Persistent link: https://www.econbiz.de/10010285568
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Climate policies with pollution externalities and learning spillovers
Lehmann, Paul - 2009
of output subsidies, feed-in tariffs are often implemented in addition to emissions policies. This paper reveals that …
Persistent link: https://www.econbiz.de/10010304357
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Unintended detrimental effects of environmental policy: The green paradox and beyond
van der Werf, Edwin; Di Maria, Corrado - 2011
Well-intended policies aimed at reducing greenhouse gas emissions may have unintended undesirable consequences. Recently, a large literature has emerged showing under what conditions this so-called 'Green Paradox' may occur. We review this literature and identify the key mechanisms behind these...
Persistent link: https://www.econbiz.de/10010274812
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Climate effects of carbon taxes, taking into account possible other future climate measures
Habermacher, Florian; Kirchgässner, Gebhard - 2011
The increase of fuel extraction costs as well as of temperature will make it likely that in the medium-term future technological or political measures against global warming may be implemented. In assessments of a current climate policy the possibility of medium-term future developments like...
Persistent link: https://www.econbiz.de/10010275013
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Is there really a green paradox?
van der Ploeg, Frederick; Withagen, Cees A. - 2010
The Green Paradox states that, in the absence of a tax on CO2 emissions, subsidizing a renewable backstop such as solar or wind energy brings forward the date at which fossil fuels become exhausted and consequently global warming is aggravated. We shed light on this issue by solving a model of...
Persistent link: https://www.econbiz.de/10010276987