Titel: Carbon abatement with renewables : evaluating wind and solar subsidies in Germany and Spain
Autor/-in: Abrell, Jan
Kosch, Mirjam
Rausch, Sebastian
Erschienen in: Journal of public economics
Band(Heft): 2019
Heft: 169
Seiten: 172
Seiten bis: 202
Verlag / Hrsg. Institution: Elsevier
Erscheinungsdatum: 2018
Lizenz (gemäss Verlagsvertrag): Lizenz gemäss Verlagsvertrag
Art der Begutachtung: Peer review (Publikation)
Sprache: Englisch
Schlagwörter: Decarbonization; Distributional impact; Program cost; Renewable energy policie
Fachgebiet (DDC): 333.7: Landflächen, Erholungsgebiete und Energie
Zusammenfassung: This paper exploits the exogeneity of weather conditions to evaluate renewable energy (RE) subsidies in Germany and Spain in terms of their short-run direct program costs for reducing carbon dioxide emissions. We find that both aggregate costs and their distribution between energy producers and consumers vary significantly depending on which type of RE technology is promoted — reflecting substantial heterogeneity in production costs, temporal availability of natural resources, and market conditions, i.e., time-varying demand, carbon intensity of installed production capacities, and opportunities for cross-border trade. We estimate that the costs for reducing 1 ton of CO2 through subsidies for solar are 411 to 1944 €. Subsidizing wind entails significantly lower costs, ranging from 82 to276 €. In the short run, the economic rents for energy producers always decrease, while consumers incur four to seven times larger costs when solar is promoted but gain under RE policies promoting wind.
Departement: School of Management and Law
Organisationseinheit: Zentrum für Energie und Umwelt (CEE)
Publikationstyp: Beitrag in wissenschaftlicher Zeitschrift
DOI: 10.1016/j.jpubeco.2018.11.007
ISSN: 0047-2727
URI: https://digitalcollection.zhaw.ch/handle/11475/14592
Enthalten in den Sammlungen:Publikationen School of Management and Law

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