Show simple item record

dc.contributor.author
Abrell, Jan
dc.contributor.author
Rausch, Sebastian
dc.contributor.author
Streitberger, Clemens
dc.date.accessioned
2019-05-29T13:11:49Z
dc.date.available
2018-03-09T11:00:30Z
dc.date.available
2018-03-09T12:07:00Z
dc.date.available
2019-05-29T13:11:49Z
dc.date.issued
2018-03
dc.identifier.uri
http://hdl.handle.net/20.500.11850/248306
dc.identifier.doi
10.3929/ethz-b-000248306
dc.description.abstract
This paper uses theoretical and numerical economic equilibrium models to examine optimal renewable energy (RE) support policies for wind and solar resources in the presence of a carbon externality associated with the use of fossil fuels. We emphasize three main issues for policy design: the heterogeneity of intermittent natural resources, budget-neutral financing rules, and incentives for carbonmitigation. We find that differentiated subsidies for wind and solar, while being optimal, only yield negligible efficiency gains. Policies with smart financing of RE subsidies which either relax budget neutrality or use “polluter-pays-the-price” financing in the context of budget-neutral schemes can, however, approximate socially optimal outcomes. Our analysis suggests that optimally designed RE support policies do not necessarily have to be viewed as a costly second-best option when carbon pricing is unavailable.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
ETH Zurich, Center of Economic Research (CER-ETH)
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.title
The economics of renewable energy support
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
Economics Working Paper Series
ethz.journal.volume
18/286
en_US
ethz.size
56 p.
en_US
ethz.code.jel
Q2 - Renewable Resources and Conservation::Q28 - Government Policy
en_US
ethz.code.jel
Q4 - Energy::Q42 - Alternative Energy Sources
en_US
ethz.code.jel
Q4 - Energy::Q42 - Alternative Energy Sources
en_US
ethz.code.jel
Q5 - Environmental Economics::Q52 - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
en_US
ethz.code.jel
Q5 - Environmental Economics::Q58 - Government Policy
en_US
ethz.code.jel
C6 - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling::C61 - Optimization Techniques; Programming Models; Dynamic Analysis
en_US
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03981 - Rausch, Sebastian / Rausch, Sebastian
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03981 - Rausch, Sebastian / Rausch, Sebastian
en_US
ethz.relation.isPreviousVersionOf
handle/20.500.11850/354211
ethz.date.deposited
2018-03-09T11:00:31Z
ethz.source
FORM
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2018-03-09T12:07:05Z
ethz.rosetta.lastUpdated
2019-05-29T13:12:04Z
ethz.rosetta.exportRequired
false
ethz.rosetta.versionExported
true
ethz.COinS
ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.atitle=The%20economics%20of%20renewable%20energy%20support&rft.jtitle=Economics%20Working%20Paper%20Series&rft.date=2018-03&rft.volume=18/286&rft.au=Abrell,%20Jan&Rausch,%20Sebastian&Streitberger,%20Clemens&rft.genre=preprint&
 Search via SFX

Files in this item

Thumbnail

Publication type

Show simple item record