Climate change is likely to affect commercial forest and pasture land use and production activities. As such, behavioral responses that adapt to the new and evolving climatic conditions are also likely. Integrated Assessment Models (IAMs) have an important role to play. IAMs are a unique class...

This paper evaluates the role of land in long-run climate stabilization mitigation scenarios. The details of land modeling for common stabilization policy scenarios are, for the first time, presented, contrasted, and assessed. While we find significant differences in approaches across modeling...

We explore the implications of potentially counteractive greenhouse gas mitigation responses to carbon prices and the complications that could ensue for limiting radiative forcing in the near-term. Specifically we consider the problem of reproducing the radiative forcing pathway for...

In the absence of an infrastructure for the harvest, storage and purchase of cellulosic biomass, contracting is an important mechanism through which biorefineries can ensure adequate feedstock supply. We develop an optimization model to assess the economic potential of dedicated energy crops...

Policies, markets, and technologies interact to create the modern electrical system. Integrating large amounts of electricity generated by variable renewable resources, such as from wind and sunlight, into electricity systems may require energy storage technologies to synchronize electricity...

This paper considers the extent and usefulness of the existing empirical literature on water supply, demand, and adaptation to climate change for incorporation into integrated assessment modeling efforts. We review the existing literature on the likely economic impacts of climate change, acting...

This study documents the return and volatility spillover effect between the stock prices of Chinese new energy and fossil fuel companies using the asymmetric BEKK model. Based on daily samples taken from August 30, 2006 to September 11, 2012, the dynamics of new energy/fossil fuel stock...

We study the impact of competition and environmental policy (feed-in tariff vs. the EU ETS) on investment, CO2 emissions and welfare in an electricity sector. We consider different market structures (a planner who maximises social welfare vs. duopoly) and two types of consumers (those whose...

With the global expansion of renewable energy (RE) technologies, the provision of optimal RE policy packages becomes an important task. We review pivotal aspects regarding the economics of renewables that are relevant to the design of an optimal RE policy, many of which are to date unresolved....

Energy service company (“ESCO”) uses Energy Performance Contracting (“EPC”) to provide energy-saving services to its clients. Under an EPC, both ESCO and the client invest in the energy efficiency measures, according to a negotiated share of investment. Within the length of the contract,...