Wind energy is the great success story of modern renewable energy. Since the industry's rebirth following the energy crisis of the 1970s, thousands of wind energy projects have been installed around the world. The technology today is competitive with traditional fossil-fuelled electricity...

Subsidies to renewable energy are costly and contentious. We estimate the reduction in prices that follows from the subsidized entry of wind power in the Nordic electricity market. A relatively small-scale entry of renewables leads to a large-scale transfer of surplus from the incumbent...

Since the onset of the COVID-19, the seriousness of the climate problem has attracted more attention, and international cooperation to prevent climate change and climate disaster is continuing. More than 100 countries, including the EU, China, and Japan, have declared or are pursuing carbon...