This paper fills a gap in the macroeconomic literature on renewable sources of energy. It offers a definition of green investment and analyzes the trends and determinants of this investment over the last decade for 35 advanced and emerging countries. We use a new multi-country historical dataset...

This paper discusses structure, impact, costs, and efficiency of renewable energy supply in the eight largest advanced economies (the G-7 plus Spain), with focus on Germany. Renewables production costs are compared to benefits, defined as reductions in net carbon emissions; technological...

This publication analyzes the performance of two states in India— Karnataka and Tamil Nadu— in their efforts toward installing solar and wind energy. It attempts to distill thereasons for their success, albeit in two very different renewable energy programs. It covers the major initiatives...

Malaysia has a good mix of energy resources like oil, natural gas, coal and renewable energies such as biomass, solar and hydro. In spite of this plenty of resources, the country is dependent on fossil fuel for industrial and transportation sector. In 2009, 94.5% of electricity is generated by...

Energy has a key role in social-economic development of countries. Fossil fuels which have a large contribution in energy consumption in the world, are depleting and it seems necessary to find alternative energy sources. Today, energy consumption in Iran is increasing due to population growth...

We derive non-cooperative Nash equilibrium (NE) importer and exporter petroleum excise taxes given full within-group tax coordination, but no coordination between groups, assuming that importers do not produce and exporters do not consume petroleum, and petroleum consumption causes a global...

Fiscal instruments are potentially among the most effective, and cost-effective, options for addressing externalities related to poor air quality, urban road congestion, and greenhouse gases. This paper takes a case study, focused on Mauritius (a pioneer in the use of green taxes) to illustrate...

This paper investigates the mechanisms through which environmental taxes on fossil fuel usage can affect the main macroeconomic variables in the short-run. We concentrate on a particular mechanism: speculative storage. The existence of forward-looking speculators in the model improves the...

Energy efficiency is often defined as delivered energy service per unit of energy supplied into a system. Supply-side energy efficiency refers to decreasing energy losses in the supply chain, for improved performance in the production and delivery of electricity and heat. Demandside energy...