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We consider an economy in which competitive firms use three technologies for electricity production: pollutive fossils, intermittent renewables like wind or solar, and storage. We determine optimal subsidies for renewables and storage capacities when carbon pricing is imperfect. This policy is...
Persistent link: https://www.econbiz.de/10011911934
We consider an economy in which competitive firms use three technologies for electricity production: pollutive fossils, intermittent renewables like wind or solar, and storage. We determine optimal subsidies for renewables and storage capacities when carbon pricing is imperfect. This policy is...
Persistent link: https://www.econbiz.de/10012268082
This paper examines how optimal renewable energy (RE) support (RES) policies need to be adjusted to account for carbon prices. We show theoretically and empirically that changing carbon prices requires adjusting RE production subsidies due to two different motives: First, RE premiums need to be...
Persistent link: https://www.econbiz.de/10012534624
(RPS) on electricity price, CO2 emissions, fossil fuel electricity generation, and two kinds of renewable generation. We …
Persistent link: https://www.econbiz.de/10013177599
Renewable portfolio standards (RPS) are commonly promoted as a policy tool to reduce emissions associated with fossil … large emissions savings but not both. Our framework can translate different renewable resource endowments and pre …
Persistent link: https://www.econbiz.de/10012919584
We explore the history and current status of green energy finance in Australia and New Zealand. Although both countries have enviable renewable energy resources with a 100% renewable mix considered feasible, the two countries present highly contrasting contexts for energy finance. Currently, and...
Persistent link: https://www.econbiz.de/10011843946
While emissions trading schemes are developed by nations to mitigate their greenhouse gas emissions, behavioural … disaggregation of European sectors, we find that using auction revenues from the Emissions Trading Scheme (ETS) to support …
Persistent link: https://www.econbiz.de/10011947203
Persistent link: https://www.econbiz.de/10012015388
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
the world mean temperature exceeding 2° Celsius. To achieve the two degree target, the cumulated global emissions must not … restricting emissions to the global carbon budget. In its simplest form, the cost-effective global policy is shown to consist of a … the abating country to tax its first-period consumption and to tax or subsidize its emissions in the first and/or second …
Persistent link: https://www.econbiz.de/10008688810