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(RPS) on electricity price, CO2 emissions, fossil fuel electricity generation, and two kinds of renewable generation. We …
Persistent link: https://www.econbiz.de/10013305651
Persistent link: https://www.econbiz.de/10015152814
This paper examines how optimal renewable energy (RE) support (RES) policies need to be adjusted to account for carbon prices. We show theoretically and empirically that changing carbon prices requires adjusting RE production subsidies due to two different motives: First, RE premiums need to be...
Persistent link: https://www.econbiz.de/10012534624
emissions even after considering offsetting market mediated effects. Imposition of a carbon price with the RFS and LCFS policy … primarily induces fuel conservation and achieves larger GHG emissions reduction compared to the other policy scenarios. All of …
Persistent link: https://www.econbiz.de/10014173408
Renewable portfolio standards (RPS) are commonly promoted as a policy tool to reduce emissions associated with fossil … large emissions savings but not both. Our framework can translate different renewable resource endowments and pre …
Persistent link: https://www.econbiz.de/10012919584
-and-trade system renewable energy policies have no effect on carbon emissions. If the cap does not capture all sectors, we demonstrate … that variations of a renewable energy subsidy change aggregate carbon emissions through an inter-industry leakage effect … parameters. Raising the subsidy always reduces emissions if funded by a lump-sum tax, reinforcing recent findings that tightening …
Persistent link: https://www.econbiz.de/10012957146
We consider an economy in which competitive firms use three technologies for electricity production: pollutive fossils, intermittent renewables like wind or solar, and storage. We determine optimal subsidies for renewables and storage capacities when carbon pricing is imperfect. This policy is...
Persistent link: https://www.econbiz.de/10011911934
We consider an economy in which competitive firms use three technologies for electricity production: pollutive fossils, intermittent renewables like wind or solar, and storage. We determine optimal subsidies for renewables and storage capacities when carbon pricing is imperfect. This policy is...
Persistent link: https://www.econbiz.de/10012268082
We consider an economy in which competitive firms use three technologies for electricity production: pollutive fossils, intermittent renewables whose availability varies continuously over time, and storage. A Pigouvian tax implements the first-best solution. This is also the case for an...
Persistent link: https://www.econbiz.de/10012232987
While emissions trading schemes are developed by nations to mitigate their greenhouse gas emissions, behavioural … disaggregation of European sectors, we find that using auction revenues from the Emissions Trading Scheme (ETS) to support …
Persistent link: https://www.econbiz.de/10011947203