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 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 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 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 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 The Economics of Renewable Energy written by Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs and published by The Stationery Office. This book was released on 2008 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: economics of renewable Energy : Recent developments, 4th report of session 2007-08, Vol. 2: Evidence
Download or read book Three Essays on Renewable Energy Policy and Its Effects on Fossil Fuel Generation in Electricity Markets written by Eric Bowen and published by . This book was released on 2015 with total page 85 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 Overview of the Economics of Renewable Energy written by Jamal Adghough and published by Cuvillier Verlag. This book was released on 2018-05-15 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the start of the Industrial Revolution in the early 18th century, the value of the term ‘energy’ became more important than ever before. Thus, energy development was considered an integral part of economic development, especially in the industrialised countries and has since then been playing a role as a critical and key factor in the global economy. This paper presents an overview of the renewable energies which are being championed as a potentially significant new source of jobs and growth, especially in OECD countries, and are a means of addressing environmental and energy security concerns. In most countries, governments have invested large amounts of public funds to support the development of RE and are thus requiring energy providers to sell significant quantities of it to the public. In fact, accelerating the deployment of renewable energy will fuel economic growth, create new employment opportunities, enhance human welfare, and contribute towards a climate-safe future. There is unmistakably a strong link between the availability of energy resources and economic development (Salah Abo-Sedra et al. Journal of Energy 2014). Apergis and Payne in their work “Energy Consumption and Economic Growth”, as well as Wolde-Rufael (Energy Economics, 2009), argue that the rise in energy demand in African countries is closely linked to income. In other words, energy consumption interacts with economics. This review paper explores this interaction and with help of recent empirical research, shows there are economic benefits and achievements in the renewable energy sector for especially those which are provided by an international institution such as IRENA and OEERE. After having shown the relationship between RE and economics, the economic benefits and the achievements in the renewable energy sector are mentioned. Finally, the benefits of the global trade in RE investment are shown.
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 Three Essays on the Evaluation of Renewable Energy Investments and the Effectiveness of Support Schemes written by Alolo Mutaka Alhassan 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 Renewable Energy written by Bruce Usher and published by . This book was released on 2019 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renewable energy in the twenty-first century -- Energy transitions : fire to electricity -- The rise of renewables -- Renewable wind energy -- Renewable solar energy -- Financing renewable energy -- Energy transitions : oats to oil -- The rise of electric vehicles -- Parity -- Convergence -- Consequences -- No time to lose
Download or read book Our Renewable Future written by Richard Heinberg and published by Island Press. This book was released on 2016-06-02 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Over the next few decades, we will see a profound energy transformation as society shifts from fossil fuels to renewable resources like solar, wind, biomass. But what might a one hundred percent renewable future actually look like, and what obstacles will we face in this transition? Authors explore the practical challenges and opportunities presented by the shift to renewable energy."--Page 4 of cover.
Download or read book History of Environmental Economic Thought written by Erhun Kula and published by Psychology Press. This book was released on 1998 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents the key ideas of major figures in economics throughout history, covering issues such as population growth, resource scarcity and environmental contamination.
Download or read book The Routledge Handbook of the Political Economy of the Environment written by Éloi Laurent and published by Taylor & Francis. This book was released on 2021-10-27 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: Featuring a stellar international cast list of leading and cutting-edge scholars, The Routledge Handbook of the Political Economy of the Environment presents the state of the art of the discipline that considers ecological issues and crises from a political economy perspective. This collective volume sheds new light on the effect of economic and power inequality on environmental dynamics and, conversely, on the economic and social impact of environmental dynamics. The chapters gathered in this handbook make four original contributions to the field of political economy of the environment. First, they revisit essential concepts and methods of environmental economics in the light of their political economy. Second, they introduce readers to recent theoretical and empirical advances in key issues of political economy of the environment with a special focus on the relationship between inequality and environmental degradation, a nexus that has dramatically come into focus with the COVID crisis. Third, the authors of this handbook open the field to its critical global and regional dimensions: global issues, such as the environmental justice movement and inequality and climate change as well as regional issues such as agriculture systems, air pollution, natural resources appropriation and urban sustainability. Fourth and finally, the work shows how novel analysis can translate into new forms of public policy that require institutional reform and new policy tools. Ecosystems preservation, international climate negotiations and climate mitigation policies all have a strong distributional dimension that chapters point to. Pressing environmental policy such as carbon pricing and low-carbon and energy transitions entail numerous social issues that also need to be accounted for with new analytical and technological tools. This handbook will be an invaluable reference, research and teaching tool for anyone interested in political economy approaches to environmental issues and ecological crises.
Download or read book Energy Abstracts for Policy Analysis written by and published by . This book was released on 1982 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt:
