Download or read book Essays in Economics of Renewable Resources written by Erwin Hendricus Bulte and published by . This book was released on 1997* with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in the Economics of Renewable Resources written by Leonard J. Mirman and published by . This book was released on 1982 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on the economics of non renewable resources written by Sid Ahmed Rida Guermouche and published by . This book was released on 1993 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on the Economics of Renewable Energy written by Eric Ariel Bergmann and published by . This book was released on 2006 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Renewable Energy Policy and Economics written by Anna Ebers and published by . This book was released on 2014 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on the Economics of Renewable Energy Policy written by Michaela Unteutsch and published by . This book was released on 2014 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on the Economics of Renewable Energy Policy written by Michaela Unteutsch (geb. Fürsch) and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in Environmental and Energy Economics written by Rémi Morin Chassé and published by . This book was released on 2016 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the first essay, we consider a firm with limited-liability and whose profits are a function of valuable productive capital. Environmental accidents of random sizes can occur at random times. To pay for the liability from an accident, the firm sells some or all of its productive capital; it becomes judgment-proof when the liability exceeds the value of its capital. The remainder of the liability, left unpaid by the bankrupted firm, is paid for by society. Using a dynamic framework with exogenous arrival, we derive closed-form solutions for the firm's return from its assets and for social costs. The firm's return is convex in the level of productive capital. By setting up a bonding requirement, the legislator ensures the firm, not society, bears the expected costs of accidents ex-ante. It may optimal to reduce the liability transferred back to the firm and possibly to subsidize it. When arrival is endogenous, there can be an optimal firm-size for specific cases. The associated social costs reach a maximum when assets equal the expected magnitude of damages. In the second essay, we study sustainability using a neoclassical growth approach. Our analysis focuses on the role of energy in the economy. Society uses renewable and non-renewable energies, with the use of the latter generating undesirable pollution. Renewable energies, available at zero marginal cost, are conditional upon the existence of a generating capacity, which requires investment. In a numerical simulation, we find that it can be optimal for society to stop using non-renewable energies and switch completely to renewable energies even though the non-renewable resource stock is not fully exhausted. In the final carbon-free phase, the dynamic system is a saddle-path. We find that a moratorium on renewable resource expansion is not beneficial; society is better off investing in this resource every year, albeit at a lower rate, than to postpone investment. Society must be relatively averse to intergeneration inequity with an elasticity of inter-temporal substitution must be greater than one to ensure that the steady-state level of renewable energy capacity is non-zero.

Download or read book Essays on the Economics of Decarbonization and Renewable Energy Support written by and published by . This book was released on 2014 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Explorations in Environmental and Natural Resource Economics written by R. Halvorsen and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains an excellent set of papers by top scholars in environmental and resource economics. These papers span the wide range of topics that characterized the extraordinarily broad and productive career of Gardner Brown. They bring current issues in modeling important environmental policy questions into sharp focus in a way that emphasizes Brown s seminal insights. Richard Carson, University of California, San Diego, US I am glad this book has been written. Gardner is clearly too radical to get a statue and I doubt he would have the patience to sit long enough for the sculptor to finish. Yet Gardner s ideas really deserve remembrance. The editors have managed not only to cover many of the areas and methods Gardner worked with but also to find authors who loved and/or respected him and who have honoured him by providing high quality work in his spirit. The book is imbued with those curious blends of curiosity and rigour, daring abstraction and yet painstaking attention to detail that are so characteristic of Gardner s work. It was a great pleasure to read. Thomas Sterner, University of Gothenburg, Sweden Gardner M. Brown, Jr. has been a leading innovator in the development of environmental and natural resource economics. This book comprises essays written in his honor by some of the most distinguished economists working in this field. The principal themes addressed include fundamental theoretical and empirical issues in the valuation of environmental and natural resources; the relationships between economic growth, natural resources and environmental quality; re-evaluation of some standard results in the dynamic modeling of renewable and non-renewable resources; the protection and management of biological resources; and the economics of antibiotic resistance. The original papers within this book will be of great interest to academics and practitioners in the field of environmental and natural resource economics.

Download or read book Essays on the Economics of Renewable Energy written by Richard McDowell (Ph. D.) and published by . This book was released on 2016 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation addresses three questions related to the economics of renewable energy. Chapter 1 studies learning-by-doing during the generation process at wind and solar farms in the United States. While this phenomenon is often cited as a rationale for subsidizing renewable electricity, there is relatively little project-level evidence on how knowledge is accrued. Using detailed atmospheric data to account for potential output, I study whether generation and installation experience leads to increased productivity for solar and wind projects. I further assess the appropriability of experience by considering the transfer of knowledge within and across firms. Results suggest that generation experience on a particular project leads to higher productivity at that project but not at other sites. Installation experience appears to lead to higher output on subsequent projects, and exhibits spillovers across owners with proximate installation sites for wind farms. Chapter 2, co-authored with Michael Greenstone, studies the impact of Renewable Portfolio Standards, which mandate electricity sales from renewable sources, on electricity markets. Despite their prevalence and scope, the cost-effectiveness of these policies is currently poorly understood. Using panel data on program characteristics, electricity prices, generation, and employment, we find that portfolio standards have been successful at increasing regional renewable generation, with marginal compliance coming almost entirely from wind energy. However, costs to consumers are large, with retail electricity rates increasing by 9-15% five years after adoption. Based on our estimates, the cost of carbon abatement from these programs is substantial, and well above conventional estimates of the social cost of emissions. In the third chapter, I examine the extent to which electricity prices influence household purchases of Energy Star appliances. I combine a large cross-sectional survey dataset on appliance ownership and household characteristics with data on local electricity prices. Across three different appliance types, I find an elasticity of Energy Star ownership to retail electricity price of 0.58 to 0.66. In line with the "landlord-tenant" problem discussed in the energy efficiency literature, both ownership rates and responsiveness tp prices are substanitally lower for rented properties, particularly those with lower income tenants.

Download or read book Three Essays on the Economics of Renewable Energy in Small Island Economies written by Sener Salci and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in the Economics of Renewable Resource Management and International Trade written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The broad objectives of a natural resources management program include economic efficiency, biological sustainability and social equity. While the first is conceptually uncontentious, the last two often pose challenges by bringing in as implicit stakeholders the general public community and the future generations. The 'commons' problem in renewable resource exploitation is often combined in real life with several types of additional externalities, such as cross-sectoral domestic spillover effects in a diversified economy, or transboundary effects due to overexploitation. Moreover, the distributional implications and local scarcity favoured by corrupt resource policies are prone to create social tensions, extensively documented in the literature. The main object of this thesis is the study of some of these effects in closed and open economy settings. The first chapter uses a political economy framework to analyze the link between natural resources and conflict, where an inefficient and corrupt natural resource management is skewed to favour certain groups in society to the detriment of others. The second chapter uses this theory to provide empirical evidence for the importance of resource depletion and corruption as determinants of civil conflicts. The third chapter deals with the transboundary effects posed by open-access exploitation and trade with a mobile resource which disperses between two jurisdictions. The fourth chapter focuses on the interaction between open-access resource harvesting and industrial pollution, as it considers the welfare effects of international trade.

Download or read book Essays in the Economics of Exhaustible Resources written by N.V. Long and published by Elsevier. This book was released on 2014-06-28 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays in the Economics of Exhaustible Resources

Download or read book Essays on the Economics of Renewable Energy and Cross sectoral Decarbonization written by Jakob Peter and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economics of Intermittent Renewable Energy Sources written by Arthur Henriot and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis centres on issues of economic efficiency originating from the large-scale development of intermittent renewable energy sources (RES) in Europe. The flexible resources that are necessary to cope with their specificities (variability, low-predictability, site specificity) are already known, but adequate signals are required to foster efficient operation and investment in these resources. A first question is to what extent intermittent RES can remain out of the market at times when they are the main driver of investment and operation in power systems. A second question is whether the current market design is adapted to their specificities. These two questions are tackled in four distinct contributions.The first chapter is a critical literature review. This analysis introduces and confronts two (often implicit) paradigms for RES integration. It then identifies and discusses a set of evolutions required to develop a market design adapted to the large-scale development of RES, such as new definitions of the products exchanged and reorganisation of the sequence of electricity markets.In the second chapter, an analytical model is used to assess the potential of intraday markets as a flexibility provider to intermittent RES with low production predictability. This study highlights and demonstrates how the potential of intraday markets is heavily dependent on the evolution of the forecast errors.The third chapter focuses on the benefits of curtailing the production by intermittent RES, as a tool to smooth out their variability and reduce overall generation costs. Another analytical model is employed to anatomize the relationship between these benefits and a set of pivotal parameters. Special attention is also paid to the allocation of these benefits between the different stakeholders.In the fourth chapter, a numerical simulation is used to evaluate the ability of the European transmission system operators to tackle the investment wave required in order to manage the production of intermittent RES. Alternative financing strategies are then assessed. The findings reveal that under the current trend of tariffs, the volumes of investment forecasted will be highly challenging for transmission system operators.

Download or read book Essays on Economic Challenges to Renewable Energy Integration written by Christina Maria Ursula Korting and published by . This book was released on 2020 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: As awareness regarding the adverse climate and health impacts of fossil-based energy sources grows around the world, so does the need for rigorous evaluation of possible interventions aimed at promoting the use of renewable energy alternatives. The introduction of renewable resources often creates unforeseen tensions because they differ from the fossil-based energy sources they replace either in physical composition (as in the case of biofuels) or due to the nature and timing of their production (as in the case of renewable electricity sources). In this dissertation, I use numerical simulation methods and experiments to study two such challenges in detail-blending constraints for biofuels in transportation and contracts aiming to address solar-induced peaks in electricity demand. The analyses developed here aim to inform regulatory decision making by quantifying the potential challenges and highlighting previously undocumented effects of renewable energy integration. This dissertation consists of three essays. The first two chapters study the market effects and incidence of a physical constraint on biofuel blending; the so called "ethanol blend-wall". The existence of this constraint substantially affects the chosen compliance channels and hence welfare implications of the Renewable Fuel Standards (RFS) which mandate the use of biofuels in transportation in the US. The third chapter provides experimental evidence for the existence of a "control premium" (an intrinsic preference for retaining control over a decision right above and beyond its instrumental value) in a context relevant to solar electricity integration: due to the timing of solar production, an increasing share of solar generation exacerbates demand peaks in the early evening relative to demand during the surrounding hours. Peak demand creates the need for costly short-term generation capacity which is often associated with higher marginal costs and increased emissions. One demand-side tool to address these peaks are Direct Load Control (DLC) contracts which strive to reduce or shift peak electricity demand by compensating consumers for granting utilities the right to turn off certain appliances remotely in times of tight supply. However, I experimentally show that the compensation which consumers require to adopt this type of contract exceeds the value of the usage benefits they forgo due to an intrinsic preference to retain control. The first chapter, "Demystifying RINs: A Partial Equilibrium Model of U.S. Biofuels Markets," co-authored with David Just, examines the available compliance channels under the RFS and highlights how their relative use depends on the prevailing mandate requirements. As market pressures increase due to rising total renewable mandates in the presence of binding ethanol infrastructure constraints, the simulation results provide evidence for two important compliance channels not usually emphasized in the literature: overage from nested mandate categories and a contraction of the market for low-ethanol blend fuels such as E10 in order to reduce the overall compliance base. In fact, I show that the overall markets for motor gasoline and diesel fuel may contract in order to accommodate the mandates. In addition, the paper studies the price formation of the main mandate compliance instrument, so called Renwable (Renewable) Identification Numbers (RINs), and points out important inconsistencies in the usual practice of equating the price of RINs to the gap between ethanol supply and demand evaluated at the mandate level. The second chapter, "Who Will Pay for Increasing Biofuel Mandates? Incidence of the Renewable Fuel Standard Given a Binding Blend Wall," coauthored with David Just and Harry de Gorter, extends this analysis to study the resulting welfare implications. This analysis fills an important gap in the literature by explicitly taking the nested mandate structure and joint compliance into account. We show that these two regulatory features effectively create a dual link between gasoline and diesel markets with the result that the cost of increasing biofuel mandates given a binding ethanol blend wall falls disproportionately on diesel fuel consumers. This result is likely to have significant general equilibrium ramifications through indirect channels such as inflation since the main consumers of diesel fuel in the U.S. are trucks and trains. Overall, these two chapters provide important insights into the market and welfare consequences of the ethanol blend wall which has important implications for the future implementation of the RFS. The third chapter, "Taking a Load Off: Experimental Evidence of Preferences for Control with an Application to Residential Electricity Demand," uses a novel experimental design to show that intrinsic preferences for control can significantly impact the rewards required to encourage consumers to participate in DLC-style contracts. My findings relate to earlier work outside of the energy domain showing that individuals value retaining control over payoffds or delegation rights above instrumental value. This paper makes important contributions to both the behavioral economics literature and the literature on the cost and effectiveness of demand response programs. First, I provide evidence for the existence of a control premium in a novel experimental setting that speaks directly to the energy context. More broadly, my findings apply to instances of interruptible service or non-price rationing in which the reliability of service differs between consumers depending on their contract choices, such as the quality of alternative WIFI options in a hotel. Unlike existing research on the acceptability of DLC contracts, this result is based on incentive-compatible decisions in a controlled laboratory environment. Second, I replicate earlier findings regarding the sensitivity of control premia to stake size. Third, I extend the literature by testnig whether control premia respond to probabilities: while existing research focuses on one-shot delegation settings, I allow the probability of losing control to vary within subject. Lastly, I explore whether individuals exhibit an endowment effect with respect to control, i.e. whether increasing the probability of losing control triggers a stronger emotional response than regaining a commensurate amount of control. I find that participants, on average, exhibit a control premium of 9-32%, and are sensitive to both the stakes and probability of losing control.