, and later a reduction. Optimal taxes and subsidies are derived both for the first-best case and for the case of a …

-contingent renewable subsidies outperforms both unconditional commitment and discretion. The choice between the practically more feasible …-off between policy commitment and discretion affects the optimal intertemporal design of policies to support the deployment of … renewable energy sources. Using a dynamic partial equilibrium model of the power sector, we show that commitment to state …

. -- carbon tax ; subsidies ; commitment … emissions, such as subsidies to renewable energy. An obvious reason for subsidizing alternatives to carbon energy is that the … to future tax rates. In some cases this inabilty to commit may justify subsidies to investments in renewable energy …

of output subsidies, feed-in tariffs are often implemented in addition to emissions policies. This paper reveals that …

, intermittent renewables like wind or solar, and storage. We determine optimal subsidies for renewables and storage capacities when …