Investments in renewable energy play a key role in achieving global climate goals. Favourable policies have attracted a lot of private capital to solar and wind technologies from a wide range of investors in the last decade. In the meantime, the costs of these technologies have declined...

This paper evaluates the consequences of renewable energy policies on welfare, resource rents and energy costs in a world where carbon pricing is imperfect and the regulator seeks to limit emissions to a (cumulative) target. We use a global general equilibrium model with an intertemporal fossil...

The renewable energy generation is often encouraged with the policies like subsidies, fiscal incentives and mandatory purchase obligation (RPO) with feed-in-tariffs (FiT). The impact of these policies on deployment of renewable energy sources for electricity generation is governed by the...

Reflecting its reliance on fossil fuels, the electric power industry produces the majority of the world's greenhouse gas emissions. The need for a revolution in the industry becomes further apparent given that 'decarbonization' means an increasing electrification of other sectors of the...

In der vorliegenden Arbeit werden ausgewählte Probleme, die im Zusammenhang mit der Subventionierung von erneuerbarer Energien stehen, in finanztheoretischen und industrieökonomischen Modellen formal analysiert. Der erste Teil der Arbeit beschäftigt sich mit der Subventionierung von...