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A capacity mechanism next to the energy-only market provides necessary investment incentives that spot markets lack. The adequate capacity mix can only be achieved by accounting for the current transition phase to electricity generation with a growing share of renewables. We show that an...
Persistent link: https://www.econbiz.de/10010380586
Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from …
Persistent link: https://www.econbiz.de/10010380638
The authors consider a symmetric model composed of two countries and a firm in each country. Firms produce the same good by means of a polluting technology which uses fossil energy. However, these firms can adopt a clean technology which uses a renewable energy having a lower unit cost....
Persistent link: https://www.econbiz.de/10010126720
this reason, many countries implement various policy instruments to support this process, also by re-distributing related … efficiency of different mixes of policy instruments by means of a Differential Evolution algorithm. Special emphasis of the model … policy mix of Germany introduced too strong and inflexible demand-side instruments (like feed-in tariff) too early, thereby …
Persistent link: https://www.econbiz.de/10011438476
While early literature on electricity externalities was largely concerned with fossil fuel power generation and the associated emissions, nuclear accidents (Chernobyl, Fukushima) and the large-scale deployment of renewable energy facilities have spurred a wave of research on the externalities of...
Persistent link: https://www.econbiz.de/10011544218
In 2013, around 121 billion US-Dollar were spend worldwide to promote the investment into renewable energy sources. The most prominent support scheme employed is a feed-in tariff, which guarantees a fixed price for electricity produced by renewable energies sources, usually for around 15 years...
Persistent link: https://www.econbiz.de/10011453675
Markets for environmental externalities are typically closely related to the markets causing such externalities, whereupon strategic interaction may result. Along these lines, the market for Tradable Green Certificates (TGCs) is strongly interwoven in the electricity market as the producers of...
Persistent link: https://www.econbiz.de/10011482473
The main aim of this paper is to observe the environmental behaviour in some cities of the word, by analyzing for each city the trends of several energy and emissions indicators that appear as explanatory variables in both energy and labour average productivity equations. At the same time we...
Persistent link: https://www.econbiz.de/10011486780
SUMMARY - In many countries, wind turbines are constructed as part of a strategy to reduce fossil fuel dependence. In this paper, we measure the external effect of wind turbines on the transaction prices of nearby properties. Using a unique transaction price dataset covering the period 1985-2011...
Persistent link: https://www.econbiz.de/10011486973
We formulate a model with black, green and white certificates markets that function in conjunction with an electricity market. The markets function well in the sense that a common equilibrium solution exist, where all targets are satisfied (e.g. share of green electricity and share of energy...
Persistent link: https://www.econbiz.de/10011489375