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Fear for oil exhaustion and its consequences on economic growth has been a driver of a rich literature on exhaustible resources from the 1970s onwards. But our view on oil has remarkably changed and we now worry how we should constrain climate change damages associated with oil and other fossil...
Persistent link: https://www.econbiz.de/10014197584
This paper takes the ‘policy failure' in establishing a global carbon price for efficient emissions reduction as a starting point and analyzes to what extent technology policies can be a reasonable second-best approach. From a supply-side perspective, carbon capture and storage (CCS) policies...
Persistent link: https://www.econbiz.de/10013105137
Anticipated and unilateral climate policies are ineffective when fossil fuel owners respond by shifting supply intertemporally (the green paradox) or spatially (carbon leakage). These mechanisms rely crucially on the exhaustibility of fossil fuels. We analyze the effect of anticipated and...
Persistent link: https://www.econbiz.de/10013067762
Das Erneuerbare Energiengesetz sieht für Strom aus Erneuerbaren Energien Einspeisevergütungen ohne eine Mengenbegrenzung vor. Dies führt zu fehlgeleiteten Anreizen, die einerseits den Strompreis erhöhen und andererseits den technischen Fortschritt begrenzen. Joachim Weimann setzt sich...
Persistent link: https://www.econbiz.de/10010202093
Fear for oil exhaustion and its consequences on economic growth has been a driver of a rich literature on exhaustible resources from the 1970s onwards. But our view on oil has remarkably changed and we now worry how we should constrain climate change damages associated with oil and other fossil...
Persistent link: https://www.econbiz.de/10008702311
This paper takes the "policy failure" in establishing a global carbon price for efficient emissions reduction as a starting point and analyzes to what extent technology policies can be a reasonable second-best approach. From a supply-side perspective, carbon capture and storage (CCS) policies...
Persistent link: https://www.econbiz.de/10009540761
What will come first - non-acceptable global warming or extinction of oil reserves? Both processes can bring substantial costs to the mankind, but their order has important economic implications. The answer to this question will either lower oil price in the long run or will lead to its further...
Persistent link: https://www.econbiz.de/10011505807
Dieser Aufsatz argumentiert, dass die deutsche EE-Förderung auf einer falschen Konzeption beruht. Sie hat sich vorwiegend befehlswirtschaftlicher Methoden bedient und eine Staatsschuldillusion zu erzeugen versucht. Es verwundert infolgedessen nicht, dass enorme Kosten entstanden sind,...
Persistent link: https://www.econbiz.de/10009627527
Despite ambitious climate goals and already substantial stocks of developed fossil energy reserves, development of new fossil energy reserves continues to be high. This raises concerns, as it reinforces the fossil industry’s opportunities and incentives to continue extraction, and may...
Persistent link: https://www.econbiz.de/10012257735
This paper, focusing on the renewable portfolio standard (RPS), evaluates alternative renewable energy policies. We propose a tractable equilibrium model which provides a structural representation of Korea's electricity market, including its energy settlement system and renewable energy...
Persistent link: https://www.econbiz.de/10012857680