model of a future wholesale electricity market. We find that the optimal RE subsidies are technology-specific reflecting the … level. This suggests that storage is not likely to be the limiting factor for decarbonizing the electricity sector. … in future electricity markets. Considerable uncertainties exist about the cost and availability of future large …

macro-economic model E3MG and the bottom-up, global electricity sector model FTT:Power - to test this hypothesis. Our …

Can subsidies to renewable energy effectively internalise CO2 costs in electricity production? Under current policy …, including variable renewable generators and the external costs of carbon, to examine the way in which a unit subsidy to variable … renewables cannot restore first best optimum. In our model, electricity is generated using a combination of three technology …

-contingent renewable subsidies outperforms both unconditional commitment and discretion. The choice between the practically more feasible …

, and later a reduction. Optimal taxes and subsidies are derived both for the first-best case and for the case of a …

Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from … correcting R&D market failures, can be useful complements to emissions pricing, but ambitious renewable targets or subsidies seem … lower electricity prices Even with multiple market failures, emissions pricing remains the single most cost-effective option …

model of a future wholesale electricity market. We find that the optimal RE subsidies are technology-specific reflecting the … level. This suggests that storage is not likely to be the limiting factor fordecarbonizing the electricity sector … in future electricity markets. Considerable uncertainties exist about the cost and availability of future large …