This policy note investigates whether the current level of public support to environment-friendly technologies is sufficient to allow European countries to respond to the multiple challenges posed by climate change and other environmental concerns. We first lay out the justifications for...

Ethiopia’s energy sector faces critical challenges to meeting steadily increasing demand given limited infrastructure, heavy reliance on hydroelectric power, and underdevelopment of alternative energy resources. The main aim of this paper is to investigate an optimal least cost investment...

Climate change is an issue that requires global attention and co-operation. As climate science develops an understanding of changes to the future climate state, policy makers and engineering project planners beg to know what claims can be made on the subject with a reasonable level of...

Under which conditions unilateral tightening of climate policy causes a weak or strong green paradox or even decreases social welfare has recently been studied by Hoel (2011). Hoel assumes that the costs of extracting fossil fuel are linear in output. We extend his model by allowing for...

Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from renewable sources, and encourage energy conservation. To what extent do innovation and energy efficiency (EE) market failures justify additional interventions when a carbon price is...