This article shows that in the presence of environmental externalities, it may be welfare enhancing to overcome a technological lock-in by a dead- end technology through governmental intervention. It is socially desirable to subsidize a dead-end technology if its environmental externality is...

This is an invited discussion on the Manne and Richels’ paper “The Kyoto Protocol: A Cost-Effective Strategy for Meeting Environmental Objective”. It focuses on four issues or questions: distributional realities of the international climate change negotiations, correspondence between...

This empirical study seeks to provide evidence identifying key factors that have influenced per residential customer electricity consumption in the U.S. during recent years. This empirical analysis takes the form of P2SLS (panel two-stage least squares) estimations. State-level data are adopted...

This study is focused on the construction of long – term scenarios for the transition to renewable energy. Utilizing European and national targets, the key objective of this work is to investigate how these targets are reflected in both economic and environmental terms. The constructed model...

Model evaluation is best considered as a process for communicating with the policymaking or policy-advising community. Six decades of energy modelling have witnessed increasing complexity in these systems, a situation that raises a number of important challenges in using them effectively in...

This paper by using the Long range Energy Alternatives Planning System (LEAP) evaluates the progress towards sustainability with long-term scenarios for the energy map of Southeast Balkans, particularly the three countries of Bulgaria, Greece and Romania. The main objective of this work is to...

This paper investigates Estonia’s prospects in meeting the new European Union climate commitments to reduce greenhouse gas (GHG) emissions till 2030 by 40% and 2050 by 80-95% compared to 1990 emission levels. The contribution of this study is twofold. In a first stage, based on organizations...

The United Nations Conference on Climate Change (Paris 2015) reached an international agreement to keep the rise in global average temperature ‘well below 2°C’ and to ‘aim to limit the increase to 1.5°C’. These reductions will have to be made in the face of rising global energy demand....

This study measures the response of gasoline consumption to improved vehicle fuel efficiency (miles per gallon). Although an inverse relationship exists, the percentage decline is always less than the percentage efficiency improvement. As usually measured by past researchers, the long-run...

The energy industry is transforming. Advances in energy generation and storage, digital technologies and platforms, robotics, Internet of Things, artificial intelligence and autonomous vehicles are driving tomorrow’s innovations, and enabling new business models to emerge. Unlike previous...