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-side perspective, carbon capture and storage (CCS) policies differ substantially from renewable energy policies: they increase fossil … resource demand and simultaneously lower emissions. We show in a theoretical model that, under idealized conditions, a pure CCS … subsidy can be as efficient as a carbon tax. Within a numerical dynamic general equilibrium model, we analyze CCS and …
Persistent link: https://www.econbiz.de/10010551011
-side perspective, carbon capture and storage (CCS) policies differ substantially from renewable energy policies: they increase fossil … resource demand and simultaneously lower emissions. We show in a theoretical model that, under idealized conditions, a pure CCS … subsidy can be as efficient as a carbon tax. Within a numerical dynamic general equilibrium model, we analyze CCS and …
Persistent link: https://www.econbiz.de/10009540761
-side perspective, carbon capture and storage (CCS) policies differ substantially from renewable energy policies: they increase fossil … resource demand and simultaneously lower emissions. We show in a theoretical model that, under idealized conditions, a pure CCS … subsidy can be as efficient as a carbon tax. Within a numerical dynamic general equilibrium model, we analyze CCS and …
Persistent link: https://www.econbiz.de/10013105137
This article describes and evaluates the effectiveness of the Consumer Assistance to Recycle and Save Act of 2009, also known as the “Cash for Clunkers” legislation. Under this law, Congress authorized persons trading in older and less fuel-efficient motor vehicles for newer and more...
Persistent link: https://www.econbiz.de/10014185705
Most businesses recoup their investments in property, plant, and equipment from theincome they earn from using those assets. When changes in markets, technology, or regulations reduce income from those assets or increase operating costs, businesses may not recover their full investments in those...
Persistent link: https://www.econbiz.de/10012848010
Persistent link: https://www.econbiz.de/10010482896
A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even so, such a carbon tax path may reduce total costs related to climate change, since the tax may reduce total carbon extraction. A government cannot commit to a specific carbon...
Persistent link: https://www.econbiz.de/10010274935
A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even so, such a carbon tax path may reduce total costs related to climate change, since the tax may reduce total carbon extraction. A government cannot commit to a specific carbon...
Persistent link: https://www.econbiz.de/10010285568
We investigate conditions that aggravate market failures in energy innovations, and suggest optimal policy instruments to address them. Using an intertemporal general equilibrium model we show that 'small' market imperfections may trigger a several decades lasting dominance of an incumbent...
Persistent link: https://www.econbiz.de/10010274861
This paper presents the first empirical test of the green paradox hypothesis, according to which well-intended but imperfectly implemented policies may lead to detrimental environmental outcomes due to supply side responses. We use the introduction of the Acid Rain Program in the U.S. as a case...
Persistent link: https://www.econbiz.de/10010282063