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-best policy consists of an aggressive renewables subsidy in the near term and a gradually rising and falling carbon tax. Given … that global carbon taxes remain elusive, policy makers have to use a second-best subsidy. In case of credible commitment …, the second-best subsidy is set higher than the social benefit of learning. It allows the transition time and peak warming …
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This paper aims at characterizing the conditions of wind power deployment in order to infer a carbon price level that would provide wind power with comparable advantage over fossil fuel technologies as effective wind support policies. The analysis is conducted on Danish data from 2000 to 2010,...
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If bioenergy has a less negative impact on the climate than fossil energy, it may be optimal to have a significant increase in the use of bioenergy over time. Due to the difference in the way the climate is affected by the two types of energy, the future time path of the use of bioenergy may be...
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