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The carbon-budget approach to climate stabilization : cost-effective subglobal versus global action

Eichner, Thomas; Pethig, Rüdiger - 2010

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/10008699683

Optimal carbon taxation and horizontal equity : a welfare theoretic approach with application to German household data

Hänsel, Martin C.; Franks, Max; Kalkuhl, Matthias; … - 2021

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

Steering the energy transition in a world of intermittent electricity supply : optimal subsidies and taxes for renewables storage

Helm, Carsten; Mier, Mathias - 2020

We consider an economy in which competitive firms use three technologies for electricity production: pollutive fossils, intermittent renewables whose availability varies continuously over time, and storage. A Pigouvian tax implements the first-best solution. This is also the case for an...

Persistent link: https://www.econbiz.de/10012232987

Managing the spatial externalities of renewable energy deployment : uniform vs. differentiated regulation

Geiger, Charlotte; Lehmann, Paul - 2021

With the expansion of renewable energy sources (RES) in countries all over the world, policy design to address the negative impacts of RES plants on their local and regional environment gains in importance. We analyse whether policy design should be spatially-differentiated or uniform when...

Persistent link: https://www.econbiz.de/10012487862

Renewable Electricity Standards, Energy Efficiency, and Cost-Effective Climate-Change Policy

Lenard, Thomas M. - 2014

There is general agreement that cost-effective environmental regulation uses market mechanisms, such as a tax or a cap-and-trade program, in order to leave choices about the least-cost ways of achieving policy goals to individual producers and consumers. A renewable electricity standard (RES) is...

Persistent link: https://www.econbiz.de/10014206329

Effectiveness of renewable energy subsidies in a CO2 intensive electricity system

Pattakou, Aimilia; Vlahakis, Aryestis - 2018

Can subsidies to renewable energy effectively internalise CO2 costs in electricity production? Under current policy design it only matters that the replaced energy is dirty, but not how dirty it is. We use a modified peak-load pricing model, including variable renewable generators and the...

Persistent link: https://www.econbiz.de/10011904758

Effectiveness of Renewable Energy Subsidies in a CO2 Intensive Electricity System

Pattakou, Aimilia; Vlahakis, Aryestis - 2018

Can subsidies to renewable energy effectively internalize CO2 costs in electricity production? Under current policy design it only matters that the replaced energy is dirty, but not how dirty it is. We use a modified peak-load pricing model, including variable renewable generators and the...

Persistent link: https://www.econbiz.de/10014111589

Green finance in Viet Nam : barriers and solutions

Trong Co Nguyen; Anh Tu Chuc; Le Ngoc Dang - 2018

Viet Nam's energy sector has made considerable strides in recent years in achieving high percentage of nationwide electrification and a relatively diversified energy mix that is dominated by hydropower, followed by gas and coal. However, sustaining those achievements including addressing...

Persistent link: https://www.econbiz.de/10011927783

The political economy of stranded assets : climate policies, investments and the role of elections

Hagen, Achim; Kollenbach, Gilbert - 2024

We study the interaction of climate policies and investments into fossil and renewable energy generation capacity if policies are set by democratically elected governments and can lead to stranded assets. We develop an overlapping generations model, where elections determine carbon taxation and...

Persistent link: https://www.econbiz.de/10014486660

Unilateral climate policies and green paradoxes : extraction costs matter

Kollenbach, Gilbert - 2014

Under which conditions unilateral tightening of climate policy causes a weak or strong green paradox or even decreases social welfare has recently been studied by Hoel (2011). Hoel assumes that the costs of extracting fossil fuel are linear in output. We extend his model by allowing for...

Persistent link: https://www.econbiz.de/10010246770