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Policies to cap emissions of carbon dioxide (CO2) in the U.S. economy could pose significant costs on the electricity … electricity sector, we evaluate alternative ways that emission allowances can be allocated. Most previous emissions trading … programs have allocated the major portion of allowances for free to incumbent firms. In the electricity sector this approach …
Persistent link: https://www.econbiz.de/10012708463
states, are expected to have important effects on the electricity industry and on the market value of firms that own … electricity generation assets. The economics literature finds large efficiency advantages for initial distribution of tradable …
Persistent link: https://www.econbiz.de/10012709720
Despite the increased attention and capital incentives around corporate sustainability, the development of sustainability reporting standards and monitoring systems has been progressing at a slow pace. As a result, companies have misaligned incentives to deliberately or selectively communicate...
Persistent link: https://www.econbiz.de/10013212226
China, India, and the USA are the world’s biggest energy consumers and CO2 emitters. Being the leading contributors to climate change, these economies are also at the core of environmental solutions. This paper investigates the causal relationship among solar and wind energy production, coal...
Persistent link: https://www.econbiz.de/10013246689
Substitution of petroleum fuels with biofuels such as ethanol and biodiesel has been shown to reduce greenhouse gas (GHG) emissions. These GHG reductions can be traded in the emerging carbon markets, and methodologies for quantifying and trading are still being developed. The main challenges in...
Persistent link: https://www.econbiz.de/10012749859
Biomass energy is expected to play a major role in the substitution of renewable energy sources for fossil fuels over the next several decades. The US Energy Information Administration (EIA 2012) forecasts increases in the share of biomass in US energy production from 8 percent in 2009 to 15...
Persistent link: https://www.econbiz.de/10010671562
Biomass, a renewable energy source, has been viewed as "carbon neutral" - that is, its use as energy is presumed not to release net carbon dioxide. However, this assumption of carbon neutrality has recently been challenged. In 2010 two letters were sent to the Congress by eminent scientists...
Persistent link: https://www.econbiz.de/10014183543
Biomass energy is expected to play a major role in the substitution of renewable energy sources for fossil fuels over the next several decades. The US Energy Information Administration (EIA 2012) forecasts increases in the share of biomass in US energy production from 8 percent in 2009 to 15...
Persistent link: https://www.econbiz.de/10014156291
The Kyoto Protocol marks a break-through in global warming mitigation policies as it sets legally binding emissions targets for major emitting regions. However, realisation of the Protocol depends on the clarification of several issues one of which is the permissible scope of international...
Persistent link: https://www.econbiz.de/10014089726
In the context of climate protection policy it has been suggested that global CO2 emissions should be reduced significantly (contraction) and that per capita emissions should gradually be equalized across countries (convergence). This paper uses a dynamic multi-region computable general...
Persistent link: https://www.econbiz.de/10014089750