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Subsidizing renewable energy under capital mobility

Eichner, Thomas; Runkel, Marco - 2010

outflow to other countries. When the green subsidy is available, countries choose a positive subsidy rate since this reduces … the overall distortion of the tax-subsidy system. In doing so, each country internalizes a larger part of the …. Hence, the subsidy is not only beneficial for the country which imposes it but for all countries. …

Persistent link: https://www.econbiz.de/10010274981

Carbon Prices are Redundant in the 2030 EU Climate and Energy Policy Package

Aune, Finn Roar - 2019

In June 2018, an agreement between key EU institutions – the Commission, the European Parliament, and the European Council – was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a comprehensive assessment of the EU package, with its...

Persistent link: https://www.econbiz.de/10012892222

Energy Transition with Variable and Intermittent Renewable Electricity Generation

Pommeret, Aude - 2019

We propose one of the first dynamic models of the optimal transition from fossil fuels to renewables in electricity generation that takes into account the variability and intermittency of renewable energy as well as storage. This work sheds light on the extent to which variability and...

Persistent link: https://www.econbiz.de/10012892147

Environmental Policy and Renewable Energy in an Imperfectly Competitive Market

Haupt, Alexander - 2023

This paper analyses an electricity market in which a monopolist that employs fossil-fuel base-load and peak-load technologies competes against a fringe of renewable energy (RE) generators. The optimal technology and electricity mix can be decentralised by levying technology-dependent capacity...

Persistent link: https://www.econbiz.de/10014347015

Optimal Solar Subsidies

Colas, Mark; Saulnier, Emmett - 2023

We study the spatial misallocation resulting from subsidies for residential solar panels in the US and quantify the associated environmental costs. We build a structural model of solar panel demand and electricity production across the country and estimate the model by combining 1) remotely...

Persistent link: https://www.econbiz.de/10014348184

Advancing Global Carbon Abatement with a Two-Tier Climate Club

Iverson, Terrence - 2022

A two-tier climate club exploits the comparative advantage of large countries to mete out punishments through trade, while taking their capacity to resist punishment as a constraint. Countries outside the coalition price carbon at a fixed fraction of the average carbon price adopted within the...

Persistent link: https://www.econbiz.de/10014081042

Technology Lock-In and Optimal Carbon Pricing

Hawkins, Jonathan; H. Wagner, Katherine R. - 2022

This paper studies the implications of energy prices today for energy efficiency and climate policy in the future. If adjustment costs mediate manufacturing plants’ responses to increases in energy prices, incumbents may be limited in their ability to re-optimize energy-inefficient production...

Persistent link: https://www.econbiz.de/10014083318

Prices Versus Quantities Reassessed

Karp, Larry S. - 2019

“Prices versus quantities” (Weitzman 1974), a hugely influential paper, is widely cited (and taught) in current debates about the best policy to reduce greenhouse gas emissions. The paper’s criterion for ranking policies suggests that technological uncertainty favors taxes over cap and...

Persistent link: https://www.econbiz.de/10012892252

Optimal Carbon Pricing in General Equilibrium : Temperature Caps and Stranded Assets in an Extended Annual DSGE Model

Ploeg, Frederick van der; Rezai, Armon - 2021

The general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to allow for additional negative impacts of global warming on utility and productivity growth, mean reversion in the ratio of climate damages to production, labour-augmenting technical progress, and...

Persistent link: https://www.econbiz.de/10013225748

On Current and Future Carbon Prices in a Risky World

Olijslagers, Stan; Ploeg, Frederick van der; … - 2021

We analyse optimal abatement and carbon pricing strategies under a variety of economic, temperature and damage risks. Economic growth, convex damages and temperature-dependent risks of climatic tipping points lead to higher growth rates of carbon prices, but gradual resolution of uncertainty...

Persistent link: https://www.econbiz.de/10013226653