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 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 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 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 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 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 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 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 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 in the Economics of Renewable Resources written by Leonard J. Mirman and published by Amsterdam ; New York : North-Holland Publishing Company ; Sole distributors for the U.S.A. and Canada, Elsevier Science Publishing Company. This book was released on 1982 with total page 312 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 Renewable Energy Support Policies and Strategic Behavior written by Ali Darudi and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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.

Download or read book Three Essays Of Economics And Policy On Renewable Energy And Energy Efficiency written by Yuxi Meng and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In face of the crisis in energy security, environmental contamination, and climate change, energy saving and carbon emission reduction have become the top concerns of the whole human world. To address those concerns, renewable energy and energy efficiency are the two fields that many countries are paying attention to, which are also my research focus. The dissertation consists of three papers, including the innovation behavior of renewable energy producers, the impact of renewable energy policy on renewable innovation, and the market feedback to energy efficient building benchmarking ordinance.Here are the main conclusions I have reached in this dissertation. First, through the study on foreign patenting intention with the case study of Chinese solar PV industry, I looked at the patenting behaviors of 15 non-Chinese solar PV producers in solar PV technologies in China, and pointed out that foreign firms may file patents in the home country or production base of their competitors in order to earn the competitive edge in the global market. The second study is about the "Innovation by Generating" process. I specifically focused on Renewable Portfolio Standard (RPS) in the United States and the innovation performance within each state, and found out that wind power generation in RPS states has developed rapidly after the adoption of RPS, while the "Innovating by Generating" effect is more significant in solar PV technologies. In general, the innovations of the two technology groups are not prominently encouraged by RPS. My last study is about the benchmarking law and market response in the scenario of Philadelphia Benchmarking Law. By comparing the rental rate of LEED/EnergyStar buildings and ordinary buildings in the city of Philadelphia before and after the adoption of the building energy efficiency benchmarking law, I believe that the passage of Philadelphia Benchmarking Law may be helpful in improving the public awareness and understanding of energy efficiency information of buildings.

Download or read book The Applied Economics of Renewable Energy written by Jamal Adghough and published by Cuvillier Verlag. This book was released on 2018-09-12 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This essay draws a picture of the applied economics of renewable energy which is being championed as a potentially significant new source of jobs and growth, especially in OECD (Organization for Economic Cooperation and Development) countries, and a means of addressing environmental and energy security concerns. In most countries, governments have invested large amounts of public money to support RE development and are requiring significant quantities of it to be sold by energy providers. In fact, accelerating the deployment of renewable energy will fuel economic growth, create new employment opportunities, enhance human welfare, and contribute to a climate-safe future. So, what are the economic benefits and achievement in the renewable energy sector? What is applied economics, and how can renewable energy be studied from this side? These are some of the questions explored by this report. Finally, the essay explores the global trade in RE investment.

Download or read book Essays in Electricity Economics written by Alexander Zerrahn and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: