The investment in sustainable energy required to meet the climate change commitments made by 190 countries signatory to the 2015 Paris Accord is in the order of $100 trillion over the next 2 decades. Reducing carbon emissions requires a financing strategy for managing risk that is an...

Recent literature on biofuels has questioned whether biofuels policies are likely to reduce the negative effects of climate change. Our analysis explicitly takes into account that oil is a non-renewable natural resource. A blending mandate has no effect on total cumulative oil extraction....

In this paper, we compare the efficiencies of the eight major renewable energy sources that generate electricity. We use Data Envelopment Analysis (DEA) to determine the most efficient renewable energy source. We apply four different analytical approaches to rank these energy sources with...

In this paper, we compare the efficiencies of seven primary renewable energy technologies that generate electricity. We use Data Envelopment Analysis (DEA) to determine the most efficient renewable energy source with predetermined input and output variables. We apply four different analytical...

The most prevalent and perhaps most popular climate policies in the U.S. are Renewable PortfolioStandards (RPS) that mandate that renewables (e.g., wind and solar) produce a specifiedshare of electricity, yet little is known about their efficiency. Using the most comprehensivedata set ever...

Are efficiency improvements in the use of natural resources the key for sustainable development, are they the solution to environmental problems, or will second round effects -so-called rebound effects- compensate or even overcompensate potential savings, will they fire back? The answer to this...

Are efficiency improvements in the use of natural resources the key for sustainable development, are they the solution to environmental problems, or will second round effects - so-called rebound effects - compensate or even overcompensate potential savings, will they fire back? The answer to...

Most economic models struggle to incorporate biophysical relationships between materials, energy and emissions, in order to appropriately deal with biophysical constraints of supply (and possibly also demand). After the incorporation of biophysical constraints, some functions produced surprising...

This paper discusses contributions that industrial organization economists have made to our understanding of energy markets and environmental regulation. We emphasize the substantive contributions of recent papers while also highlighting how this literature has adopted and sometimes augmented...

Based on the Publications of the IPCC Working Groups I to III the question of the influence of the entropy increase since the industrialization around 1750 on the current climate development is answered both in general terms as well as through a first quantitative approach. It is shown that the...