Subsidies to renewable energy are costly and contentious. We estimate the reduction in prices that follows from the subsidized entry of wind power in the Nordic electricity market. A relatively small-scale entry of renewables leads to a large-scale transfer of surplus from the incumbent...

Despite some progress, the Group of Seven (G7) have yet to act collectively to foster a low-carbon transition of their economies. This paper outlines such a strategy, which would also encourage other economies to follow suit. This strategy has three elements. First, the G7 should agree to end...

This paper contributes to sustainable energy solutions towards fulfilment of Iran’s Paris Accord commitment of a four percent reduction in emissions by 2030. The paper firstly tests for the long-run relationship between electricity consumption and its determinants using a cointegration...