Showing 1 - 10 of 32,696
This paper examines how optimal renewable energy (RE) support (RES) policies need to be adjusted to account for carbon prices. We show theoretically and empirically that changing carbon prices requires adjusting RE production subsidies due to two different motives: First, RE premiums need to be...
Persistent link: https://www.econbiz.de/10012534624
There is general agreement that cost-effective environmental regulation uses market mechanisms, such as a tax or a cap-and-trade program, in order to leave choices about the least-cost ways of achieving policy goals to individual producers and consumers. A renewable electricity standard (RES) is...
Persistent link: https://www.econbiz.de/10014206329
We study the interaction of climate policies and investments into fossil and renewable energy generation capacity if policies are set by democratically elected governments and can lead to stranded assets. We develop an overlapping generations model, where elections determine carbon taxation and...
Persistent link: https://www.econbiz.de/10014486660
We study how the implementation of emissions trading systems (ETS) impacts emissions reductions and the usage of … implementations, we show that ETS adoption materially reduced greenhouse gas (carbon dioxide) emissions by 12.1% (18.1%). Moreover …, ETSs reduced overall emissions by cutting fossil fuel usage, such as coal, by 23.70% while boosting the usage of renewable …
Persistent link: https://www.econbiz.de/10013435149
Persistent link: https://www.econbiz.de/10011400971
Persistent link: https://www.econbiz.de/10013530845
Despite ambitious climate goals and already substantial stocks of developed fossil energy reserves, development of new fossil energy reserves continues to be high. This raises concerns, as it reinforces the fossil industry’s opportunities and incentives to continue extraction, and may...
Persistent link: https://www.econbiz.de/10012257735
The Republic of Korea fully launched its green finance scheme in 2009 and then introduced the environmental information disclosure system and the emission trading scheme in 2013 and 2015, respectively. However, their use has not increased dramatically, as the public sector has taken the major...
Persistent link: https://www.econbiz.de/10011936128
emissions in the short term: our "irreversibility effect". As such the "Green Paradox" has a converse if we focus on demand side …
Persistent link: https://www.econbiz.de/10011794242
This paper studies the impact of national carbon taxes on CO2 emissions. To do so, we run local projections on a cross …-country panel dataset, matching measures of emissions of carbon dioxide with information on the introduction of carbon taxes and … their implied price. Importantly, we consider both measures of territorial emissions - emissions emitted within a country …
Persistent link: https://www.econbiz.de/10014481125