G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Environmental and Technology Policy Options in the Electricity Sector: Interactions and Outcomes
Carolyn Fischer; Richard G. Newell; Louis Preonas
发表日期2014
出处Climate Change and Sustainable Development
出版年2014
语种英语
摘要Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from renewable sources, and encourage energy conservation. To what extent do innovation and energy efficiency (EE) market failures justify additional interventions when a carbon price is in place? We extend the model of Fischer and Newell (2008) with advanced and conventional renewable energy technologies and short and long-run EE investments. We incorporate both knowledge spillovers and imperfections in the demand for energy efficiency. We conclude that some technology policies, particularly correcting R&D market failures, can be useful complements to emissions pricing, but ambitious renewable targets or subsidies seem unlikely to enhance welfare when placed alongside sufficient emissions pricing. The desirability of stringent EE policies is highly sensitive to the degree of undervaluation of EE by consumers, which also has implications for policies that tend to lower electricity prices Even with multiple market failures, emissions pricing remains the single most cost-effective option for reducing emissions. *** Suggested citation: Fischer, C., R. G. Newell, L. Preonas, (2014), 'Environmental and Technology Policy Options in the Electricity Sector: Interactions and Outcomes', Nota di Lavoro 67.2014, Milan, Italy: Fondazione Eni Enrico Mattei.
特色分类Q42;Q52;Q55;Q58
关键词Climate Change Cap-and-Trade Renewable Energy Portfolio Standards Subsidies Spillovers Energy Efficiency Electricity
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/environmental-and-technology-policy-options-in-the-electricity-sector-interactions-and-outcomes/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/118306
推荐引用方式
GB/T 7714
Carolyn Fischer,Richard G. Newell,Louis Preonas. Environmental and Technology Policy Options in the Electricity Sector: Interactions and Outcomes. 2014.
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