Habermacher, Florian; Lehmann, Paul - In: Environmental and Resource Economics 76 (2020) 1, pp. 39-67
To decarbonize the power sector, policy-makers need to commit to long-term credible rules for climate and energy policy. Otherwise, risk of opportunistic policy-making will impair investments into low-carbon technologies. However, the future benefits and costs of decarbonization are subject to...