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We develop a model of optimal carbon taxation and redistribution taking into account horizontal equity concerns by considering heterogeneous energy efficiencies. By deriving first- and second-best rules for policy instruments including carbon taxes, transfers and energy subsidies, we then...
Persistent link: https://www.econbiz.de/10012485343
Incentives for the development of renewable energy have increasingly become an instrument of climate policy, that is, as a means to reduce GHG emissions. This research analyzes the German experience in promoting renewable energy over the past decade to identify the ex-post cost of reducing CO2...
Persistent link: https://www.econbiz.de/10013057394
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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/10013222003
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appears to be deadlocked. The same is true for Canada, which has aligned its climate policy to the US. However, regional …
Persistent link: https://www.econbiz.de/10010190131
We explore the history and current status of green energy finance in Australia and New Zealand. Although both countries … electricity capacity in New Zealand, whereas in Australia this is 17%. Interestingly, between them and over time, the two … energy transition, to the need for policy stability. Indeed, a key issue in Australia and New Zealand is the challenge of …
Persistent link: https://www.econbiz.de/10011843946
Ausstoßes von Treibhausgasemissionen nachzukommen. Aus ökonomischer Sicht können der Emissionshandel und Steuern effiziente … Instrumente sein, um dieses Ziel mit möglichst geringen Kosten zu erreichen. Dabei ist der Emissionshandel grundsätzlich … vorzuziehen, da er die Erreichung eines Reduktionsziels "garantieren" kann. Im internationalen Vergleich zeigt sich, dass in einer …
Persistent link: https://www.econbiz.de/10012629868
This paper examines consumer gasoline demand response to cap-and-trade permit and low-carbon fuel standard credit prices, compared to input-price gasoline prices and gasoline taxes. Consumers have been shown to have a differential demand response to increases in input-price gasoline prices...
Persistent link: https://www.econbiz.de/10014358319