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capacity investment must be chosen under uncertainty about demand conditions and capacity availability, and that capacity as … correspond to externalities of electricity generation (e.g., greenhouse gas reductions), and investment subsidies should …
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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...
Persistent link: https://www.econbiz.de/10010246770
energy indicate that a modest social cost of carbon can imply benefits from allowing upstream subsidies. …
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Investments in renewable energy play a key role in achieving global climate goals. Favourable policies have attracted a … about renewable energy diffusion, which was expected to increase even without policy support as technology prices went down …. In the meantime, the literature on investments in renewable energy lists a number of uncertainties affecting these …
Persistent link: https://www.econbiz.de/10011965136
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This paper evaluates the consequences of renewable energy policies on welfare, resource rents and energy costs in a … general equilibrium model with an intertemporal fossil resource sector. We calculate the optimal second-best renewable energy … parameters describing extraction costs, renewable energy costs, substitution possibilities and normative attitudes. Furthermore …
Persistent link: https://www.econbiz.de/10014180771
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 … taxation structure as well as overall investment climate in the country. In most cases design of such policies is not given its …
Persistent link: https://www.econbiz.de/10014032681