| Publication type: | Article in scientific journal |
| Type of review: | Peer review (publication) |
| Title: | The economics of renewable energy support |
| Authors: | Abrell, Jan Rausch, Sebastian Streitberger, Clemens |
| et. al: | No |
| DOI: | 10.1016/j.jpubeco.2019.06.002 |
| Published in: | Journal of Public Economics |
| Volume(Issue): | 176 |
| Page(s): | 94 |
| Pages to: | 117 |
| Issue Date: | 2019 |
| Publisher / Ed. Institution: | Elsevier |
| ISSN: | 0047-2727 |
| Language: | English |
| Subject (DDC): | 333.79: Energy |
| Abstract: | This paper uses theoretical and numerical economic equilibrium models to examine optimal renewable energy (RE) support policies for wind and solar resources in the presence of a carbon externality associated with the use of fossil fuels. We emphasize three main issues for policy design: the heterogeneity of intermittent natural resources, budget-neutral financing rules, and incentives for carbon mitigation. We find that differentiated subsidies for wind and solar, while being optimal, only yield negligible efficiency gains. Policies with smart financing of RE subsidies which either relax budget neutrality or use polluter-pays financing in the context of budget-neutral schemes can, however, approximate socially optimal outcomes. Our analysis suggests that optimally designed RE support policies do not necessarily have to be viewed as a costly second-best option when carbon pricing is navailable. |
| URI: | https://www.econstor.eu/handle/10419/179448 https://digitalcollection.zhaw.ch/handle/11475/19318 |
| Fulltext version: | Published version |
| License (according to publishing contract): | Licence according to publishing contract |
| Departement: | School of Management and Law |
| Organisational Unit: | Center for Energy and Environment (CEE) |
| Appears in collections: | Publikationen School of Management and Law |
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Abrell, J., Rausch, S., & Streitberger, C. (2019). The economics of renewable energy support. Journal of Public Economics, 176, 94–117. https://doi.org/10.1016/j.jpubeco.2019.06.002
Abrell, J., Rausch, S. and Streitberger, C. (2019) ‘The economics of renewable energy support’, Journal of Public Economics, 176, pp. 94–117. Available at: https://doi.org/10.1016/j.jpubeco.2019.06.002.
J. Abrell, S. Rausch, and C. Streitberger, “The economics of renewable energy support,” Journal of Public Economics, vol. 176, pp. 94–117, 2019, doi: 10.1016/j.jpubeco.2019.06.002.
ABRELL, Jan, Sebastian RAUSCH und Clemens STREITBERGER, 2019. The economics of renewable energy support. Journal of Public Economics [online]. 2019. Bd. 176, S. 94–117. DOI 10.1016/j.jpubeco.2019.06.002. Verfügbar unter: https://www.econstor.eu/handle/10419/179448
Abrell, Jan, Sebastian Rausch, and Clemens Streitberger. 2019. “The Economics of Renewable Energy Support.” Journal of Public Economics 176: 94–117. https://doi.org/10.1016/j.jpubeco.2019.06.002.
Abrell, Jan, et al. “The Economics of Renewable Energy Support.” Journal of Public Economics, vol. 176, 2019, pp. 94–117, https://doi.org/10.1016/j.jpubeco.2019.06.002.
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