This paper numerically analyzes redistribution effects resulting from cooperation among European countries in achieving the 2020 targets for electricity generation from renewable energy sources (RES-E). The quantification of redistribution effects builds on the theoretical analysis by Unteutsch...

It has been shown that international cooperation in achieving renewable energy targets, e.g., via a common tradable green certi ficate market, increases overall welfare. However, cooperation in the support of electricity from renewable energy sources also leads to regional price effects, from...