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This article is concerned with renewable energy’s too-slow transition and with how existing legal regimes work to preserve fossil energy dominance. It develops from two related claims: that an implicit support structure for fossil energy is written into law in a range of areas, including...
Persistent link: https://www.econbiz.de/10014166694
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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/10012600155
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
high availability. Moreover, the subsidy scheme is substantially more complex than a first-best Pigouvian tax. The optimal … renewable subsidy is always positive but tends to decrease as electricity production becomes less reliant on fossils. The … optimal storage subsidy even changes its sign. It is usually negative as long as fossils contribute to filling the storage …
Persistent link: https://www.econbiz.de/10012268082
, including variable renewable generators and the external costs of carbon, to examine the way in which a unit subsidy to variable … capacities for all technologies. We then describe the mechanism by which a subsidy that does not discriminate between dirty … of carbon could have a corrective effect on the merit order of fossil fuels and improve the effectiveness of a subsidy. …
Persistent link: https://www.econbiz.de/10011904758
high availability. Moreover, the subsidy scheme is substantially more complex than a first-best Pigouvian tax. The optimal … renewable subsidy is always positive but tends to decrease as electricity production becomes less reliant on fossils. The … optimal storage subsidy even changes its sign. It is usually negative as long as fossils contribute to filling the storage …
Persistent link: https://www.econbiz.de/10011911934
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