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purchaser commitment to buy these certificates. We show that price and volume effects in the energy market are ambigous under a … consumer surplus increases. When the purchaser commitment increases above a certain level, the purchaser price increases and …
Persistent link: https://www.econbiz.de/10011968121
In 1990, Iraq invaded Kuwait, touching off an economic, financial, diplomatic, and military crisis associated with a tremendous spike in oil prices and recession in OECD and oil-importing developing countries. But was the Gulf Crisis a disruption? Did it affect the fabric of oil trade? To...
Persistent link: https://www.econbiz.de/10005589992
The theory of environmental regulation suggests that economic instruments, such as taxes and tradable permits, create more effective technology adoption incentives than conventional regulatory standards. We explore this issue for an important industry undergoing technological responses to a...
Persistent link: https://www.econbiz.de/10005442484
This paper looks at speculative behavior in the international oil market. Much of the blame for oil-market turbulence has been placed on speculators, particularly hedge funds. Speculative capital has been characterized as “hot money,” with capital flows driven by “herding,”...
Persistent link: https://www.econbiz.de/10005399457
In 2018, an agreement between the 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/10012801088
responsiveness of fuel demand and equipment choices to energy price changes. The model econometrically estimates fuel demand …, cooking) using the 1995 Commercial Buildings Energy Consumption Survey allows for exceptionally detailed estimation of price … series of simulations; own-price elasticities range from –0.9 for district heat services to –2.9 for fuel oil. The …
Persistent link: https://www.econbiz.de/10005442469
Energy efficiency policies are a primary avenue for reducing carbon emissions, with potential additional benefits from improved air quality and energy security. We review literature on a broad range of existing non-transportation energy efficiency policies covering appliance standards, financial...
Persistent link: https://www.econbiz.de/10005399459
We analyze technology adoption decisions of manufacturers in response to energy audits provided by Department of Energy Industrial Assessment Centers. Using fixed effects logit estimation to control for unobserved plant characteristics, we find that plants respond as expected to financial costs...
Persistent link: https://www.econbiz.de/10005399486
Dependency of urban Ethiopian households on rural areas for about 85 percent of their fuel needs is a significant cause of deforestation and forest degradation, resulting in growing fuel scarcity and higher firewood prices. One response to reducing the pressure on rural lands is for urban...
Persistent link: https://www.econbiz.de/10008483806
In this paper, we introduce a new top-down approach to modeling the effects of publicly financed energy-efficiency programs on electricity consumption and carbon dioxide emissions. The approach draws on a partial-adjustment econometric model of electricity demand and represents the results of a...
Persistent link: https://www.econbiz.de/10008914182