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Relative to conventional power generation projects, investments in renewable energy — such as hydro, solar, wind, biomass, and geothermal power — usually have higher upfront capital costs and commercial risks as well as longer investment recovery. Because private investors typically focus on...
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We use a quantitative electricity market model to analyze the welfare effects of refunding a share of the emission trading proceeds to support renewable energy technologies that are subject to experience effects. We compare effects of supporting renewable energies under both perfect and...
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