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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

Climate policies under climate model uncertainty : max-min and min-max regret

Rezai, Armon; Ploeg, Frederick van der - 2017 - Revised May 2017

carbon price, renewable energy subsidy and energy transition to each of these climate models is discussed. The paper then …

Persistent link: https://www.econbiz.de/10011718250

Addressing the climate problem : choice between allowances, feed-in tariffs and taxes

Amundsen, Eirik Schrøder; Andersen, Peder; Birk … - 2018

three instruments: an allowance system (tradable green certificates), a subsidy system (feed-in tariffs) and a Pigouvian …

Persistent link: https://www.econbiz.de/10011804156

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. -- renewable energy …

Persistent link: https://www.econbiz.de/10008697056

The rise and fall of bioenergy

Hoel, Michael - 2018

If bioenergy has a less negative impact on the climate than fossil energy, it may be optimal to have a significant increase in the use of bioenergy over time. Due to the difference in the way the climate is affected by the two types of energy, the future time path of the use of bioenergy may be...

Persistent link: https://www.econbiz.de/10011819398

Environmental and technology policy options in the electricity sector : interactions and outcomes

Fischer, Carolyn; Newell, Richard G.; Preonas, Louis - 2014

Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from renewable sources, and encourage energy conservation. To what extent do innovation and energy efficiency (EE) market failures justify additional interventions when a carbon price is...

Persistent link: https://www.econbiz.de/10010344788

Vertical integration in tradable green certificate markets

Coria, Jessica; Jaraitė, Jūratė - 2024

This study examines how the impact of Tradable Green Certificates (TGC) on profitability and investment behavior varies depending on the vertical integration status of regulated firms. Our theoretical model predicts that vertical integration does not lead to higher profits when internal pricing...

Persistent link: https://www.econbiz.de/10014521191

Commitment vs. discretion in climate and energy policy

Habermacher, Florian; Lehmann, Paul - 2017

To decarbonize the power sector policy-makers need to commit to long-term credible rules for climate and energy policy. Otherwise, time-inconsistent policy-making will impair investments into low-carbon technologies. However, the future benefits and costs of decarbonization are subject to...

Persistent link: https://www.econbiz.de/10011611130

Optimal subsidies for residential solar

Colas, Mark; Saulnier, Emmett - 2023 - This Version: August 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/10014284675

Race to burn the last ton of carbon and the risk of stranded assets

Ploeg, Frederick van der - 2017

energy subsidy designed to lock up fossil fuel and curb cumulative emissions. Such a subsidy brings forward the end of the … equilibrium, so that the Green Paradox effect of a renewable energy subsidy is stronger. There is an intermediate phase of limit …

Persistent link: https://www.econbiz.de/10011774930