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The Welfare Economics Of Renewable Electricity Policies In California
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Book Synopsis The Welfare Economics of Renewable Electricity Policies in California by : Da Yea Oh
Download or read book The Welfare Economics of Renewable Electricity Policies in California written by Da Yea Oh and published by . This book was released on 2016 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: With one of the most complicated and ambitious renewable energy policies in the country, California's wholesale electricity market is severely understudied in terms of the interaction effects between different policies. We focus on two key policy measures: production and investment tax benefits received by renewable electricity producers, and the blend mandate, Renewable Portfolio Standard (RPS). The impact of each policy set on market distortions and GHG emissions and their interactions are analyzed. We simulate alternative policy scenarios in the market using a partial equilibrium model, and see how changing each policy affects the equilibrium prices and quantities. Furthermore, using standard welfare measures, we compute the welfare gains and losses of the scenarios and show how different groups are affected by them. We find that the existence of both policies are mutually detrimental relative to having a sole policy of either a blend mandate or a renewable production subsidy, as the mandate exacerbates the negative effect a subsidy has on the market and the subsidy mitigates the positive effect blend mandate has on reducing GHG emissions. Total social welfare declines with either the observed blend mandate alone or production subsidies alone, but the reductions accelerate when the two policies are combined. We conclude that having RPS by itself is best if our policy goal is to decrease GHG emissions to an efficient level, and that pricing carbon is best if our policy goal is to maximize social welfare in reducing GHG emissions, regardless of the amount.
Book Synopsis Economics of Renewable Electricity by : Carmen De la Sierra Cauley
Download or read book Economics of Renewable Electricity written by Carmen De la Sierra Cauley and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis describes the comparative analysis conducted to understand the similarities and differences between the California and Texas electricity markets from a regulatory standpoint. Each market has adopted unique policies to kickstart its green energy transition. While both regions have seen a predominant renewable penetration, they have also started to experience hurdles in their grid operations due to the inherent intermittent nature of renewables. The comparative analysis was carried out through a flexibility model to reflect the uncertainty that exists in each market over time. The development of renewable electricity markets are highly dynamic in nature, so the period under analysis for the investment at hand was separated into three phases to reflect the effects renewable penetration has on the grid and to show how those effects have been and could be handled by the Texas and California grid operators. The comparison provides a recommendation for investors trying to deploy capital into a 50 MW solar PV, renewable asset, under development with a 30-year useful life segregated into each phase. The critical metric for steering that recommendation is based on the net present values of the cashflows from the projects in each location. These cashflows directly reflect the policies in each market, given the power price evolution. The economics behind renewables operating in electricity markets follow three distinct phases. At first, renewables expect high margins from high market prices, followed by a decrease in power prices from their penetration. In the final phase, their intermittent nature creates a need for new capacity. Therefore, the long-term value of investments is risky and requires careful analysis that reflects the highly dynamic and uncertain nature of power markets.
Book Synopsis Clean Power in Imperfect Markets by : Oren Ahoobim
Download or read book Clean Power in Imperfect Markets written by Oren Ahoobim and published by . This book was released on 2009 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Renewable Electricity Benefits Quantification Methodology by : Gail Mosey
Download or read book Renewable Electricity Benefits Quantification Methodology written by Gail Mosey and published by . This book was released on 2009 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The California Public Utilities Commission (CPUC) requested assistance in identifying methodological alternatives for quantifying the benefits of renewable electricity. The context is the CPUC's analysis of a 33% renewable portfolio standard (RPS) in California--one element of California's Climate Change Scoping Plan. The information would be used to support development of an analytic plan to augment the cost analysis of this RPS (which recently was completed). NREL has responded to this request by developing a high-level survey of renewable electricity effects, quantification alternatives, and considerations for selection of analytic methods. This report addresses economic effects and health and environmental effects, and provides an overview of related analytic tools. Economic effects include jobs, earnings, gross state product, and electricity rate and fuel price hedging. Health and environmental effects include air quality and related public-health effects, solid and hazardous wastes, and effects on water resources.
Book Synopsis Economics of Electricity by : Anna Cretì
Download or read book Economics of Electricity written by Anna Cretì and published by Cambridge University Press. This book was released on 2019-05-30 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.
Book Synopsis The Economics of Renewable Energy by : Roger Fouquet
Download or read book The Economics of Renewable Energy written by Roger Fouquet and published by Edward Elgar Publishing. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This major reference work brings together for the first time key articles on the economics of renewable energy. From a modest role as a backstop technology in the 1970s to a central role in low carbon transitions today, this collection reveals the emergence and growing importance of this sub-field of economics. Topics covered in this timely volume include the costs of renewable power (taking account of issues related to technological development, intermittency and interconnection), policies that promote renewable energy development, its public and private demand, and its impact on the environment and the economy. This indispensable collection is complemented by a comprehensive introduction that will serve as an essential source of reference for students and researchers.
Author :International Renewable Energy Agency IRENA Publisher :International Renewable Energy Agency (IRENA) ISBN 13 :9292602500 Total Pages :344 pages Book Rating :4.2/5 (926 download)
Book Synopsis Global Renewables Outlook: Energy Transformation 2050 by : International Renewable Energy Agency IRENA
Download or read book Global Renewables Outlook: Energy Transformation 2050 written by International Renewable Energy Agency IRENA and published by International Renewable Energy Agency (IRENA). This book was released on 2020-04-01 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This outlook highlights climate-safe investment options until 2050, policies for transition and specific regional challenges. It also explores options to eventually cut emissions to zero.
Book Synopsis Cost-Benefit Analysis for Project Appraisal by : Per-Olov Johansson
Download or read book Cost-Benefit Analysis for Project Appraisal written by Per-Olov Johansson and published by Cambridge University Press. This book was released on 2016 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uses modern economic tools to obtain general equilibrium cost-benefit rules. It not only presents evaluation rules for small projects but also shows how to evaluate large projects as well as mega projects (such as high speed rails and channel tunnels). This is an excellent toolkit for graduate students and policymakers.
Book Synopsis A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies by : Walter Short
Download or read book A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies written by Walter Short and published by . This book was released on 2005 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies provides guidance on economic evaluation approaches, metrics, and levels of detail required, while offering a consistent basis on which analysts can perform analyses using standard assumptions and bases. It not only provides information on the primary economic measures used in economic analyses and the fundamentals of finance but also provides guidance focused on the special considerations required in the economic evaluation of energy efficiency and renewable energy systems.
Download or read book False Alarm written by Bjorn Lomborg and published by Basic Books. This book was released on 2020-07-14 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: An “essential” (Times UK) and “meticulously researched” (Forbes) book by “the skeptical environmentalist” argues that panic over climate change is causing more harm than good Hurricanes batter our coasts. Wildfires rage across the American West. Glaciers collapse in the Artic. Politicians, activists, and the media espouse a common message: climate change is destroying the planet, and we must take drastic action immediately to stop it. Children panic about their future, and adults wonder if it is even ethical to bring new life into the world. Enough, argues bestselling author Bjorn Lomborg. Climate change is real, but it's not the apocalyptic threat that we've been told it is. Projections of Earth's imminent demise are based on bad science and even worse economics. In panic, world leaders have committed to wildly expensive but largely ineffective policies that hamper growth and crowd out more pressing investments in human capital, from immunization to education. False Alarm will convince you that everything you think about climate change is wrong -- and points the way toward making the world a vastly better, if slightly warmer, place for us all.
Book Synopsis The Welfare Economics of Public Policy by : Richard E. Just
Download or read book The Welfare Economics of Public Policy written by Richard E. Just and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Welfare Economics of Public Policy is a great book that should be of interest to all economists interested in applied welfare analysis. It is a good reference book for economists studying the effects of public policy. Finally, it should be a useful textbook for students studying economic policy and applied welfare economics. Jean-Paul Chavas, American Journal of Agricultural Economics . . . a very comprehensive overview of the state of the art in welfare economics. It can be used as a teaching book for advanced students as well as a reference volume for researchers. This duality of possible uses is supported by the fact that very complex issues are presented in an easily readable manner. More technical aspects are then outlined in the appendices of the relevant chapters, offering colleagues the option to study formal considerations in more detail. . . a welcome addition to and expression of the knowledge base of agricultural economics. Stefan Mann, Journal of Agricultural Economics I am absolutely delighted that the authors have revised and republished this text. I have used the previous version for years in my graduate environmental economics course; usually I had to share the one copy I have with students and I felt it was a shame that these students did not have the opportunity to purchase the book since every serious environmental economist should have this volume on their shelf. It has been a continuous reference volume for me over the years and I am sure this is true of many others in the discipline. In the field of applied welfare analysis (spanning environmental economics, international trade, agricultural policy, etc.) there is no need for further elaboration when Just, Hueth and Schmitz is referenced. Everyone knows the book that is being referred to: the bible of applied welfare economics. Catherine Kling, Iowa State University, US For the record, I am one of the people who requested that the authors revise and re-issue their textbook. It is an extremely valuable book for applied economists; as with the previous edition, I will use it extensively in two of my courses and consult it frequently in my own research endeavors. Richard Adams, Oregon State University, US The original book is very well known in our profession and is still used in many classes. It will be wonderful to have a revised edition of this classic book. Colin Carter, University of California, Davis, US This outstanding text, a follow-up to the authors award-winning 1982 text, provides a thorough treatment of economic welfare theory and develops a complete theoretical and empirical framework for applied project and policy evaluation. The authors illustrate how this theory can be used to develop policy analysis from both theory and estimation in a variety of areas including: international trade, the economics of technological change, agricultural economics, the economics of information, environmental economics, and the economics of extractive and renewable natural resources. Building on willingness-to-pay (WTP) measures as the foundation for applied welfare economics, the authors develop measures for firms and households where households are viewed as both consumers and owner/sellers of resources. Possibilities are presented for (1) approximating WTP with consumer surplus, (2) measuring WTP exactly subject to errors in existing econometric work, and (3) using duality theory to specify econometric equations consistent with theory. Later chapters cover specific areas of welfare measurement under imperfect competition, uncertainty, incomplete information, externalities, and dynamic considerations. Applications are considered explicitly for policy issues related to information, international trade, the environment, agriculture, and other natural resource issues. The Welfare Economics of Public Policy is ideal for graduate and undergraduate courses in applied welfare economics, public policy, agricultural policy, and environmental economi
Book Synopsis Economics and Policies in Formulating Renewable Power Development Plans by : Bai-Chen Xie
Download or read book Economics and Policies in Formulating Renewable Power Development Plans written by Bai-Chen Xie and published by Frontiers Media SA. This book was released on 2023-11-06 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renewable energy has been considered as an effective way to deal with challenges caused by energy security and climate change. In the past decades, the share of renewable energy in the energy mix has been increasing with a proportion of around 25% globally benefitting from the steady maturity of economical, technological and political issues. However, the gap between expectations of fast, renewables-driven energy transitions and the reality of today’s energy systems which rely heavily on fossil fuels remains stubbornly large. The development of renewable energy still faces uncertainties, among them are cost changes driven by the potential technology breakthroughs, renewable power market-oriented progress, and various challenges related to grid interconnection of such intermittent renewable energy resources, and some other factors. Many countries and regions have issued their plans in boosting the development of renewable power. However, not one renewable power exploitation plan is acceptable universally due to the varied developing level of economies and societies. It is of great significance to explore the economic, technological, and political influences of related factors in achieving the development target for renewable energy.
Book Synopsis Clean Energy and Jobs by : James P. Barrett
Download or read book Clean Energy and Jobs written by James P. Barrett and published by . This book was released on 2002 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Harnessing Renewable Energy in Electric Power Systems by : Boaz Moselle
Download or read book Harnessing Renewable Energy in Electric Power Systems written by Boaz Moselle and published by Taylor & Francis. This book was released on 2010-09-23 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reflecting its reliance on fossil fuels, the electric power industry produces the majority of the world's greenhouse gas emissions. The need for a revolution in the industry becomes further apparent given that 'decarbonization' means an increasing electrification of other sectors of the economy in particular, through a switch from gasoline to electric vehicles. Of the options for producing electric power without significant greenhouse gas emissions, renewable energy is most attractive to policymakers, as it promises increased national self-reliance on energy supplies and the creation of new industries and jobs, without the safety and political concerns of nuclear power or the unproven technology of carbon capture and storage. Drawing on both economic theory and the experiences of the United States and EU member states, Harnessing Renewable Energy addresses the key questions surrounding renewable energy policies. How appropriate is the focus on renewable power as a primary tool for reducing greenhouse gas emissions? If renewable energy is given specific support, what form should that support take? What are the implications for power markets if renewable generation is widely adopted? Thorough and well-evidenced, this book will be of interest to a broad range of policymakers, the electric power industry, and economists who study energy and environmental issues.
Book Synopsis The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications by : Baoping Shang
Download or read book The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications written by Baoping Shang and published by International Monetary Fund. This book was released on 2021-06-25 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the success of ambitious actions in the fight against climate change. This paper uses a simple framework to systematically review the channels through which carbon pricing can potentially affect poverty and inequality. It finds that the channels differ in important ways along several dimensions. The paper also identifies several key gaps in the current literature and discusses some considerations on how policy designs could take into account the attributes of the channels in mitigating the impacts of carbon pricing reforms on households.
Download or read book The Economics of Wind Energy written by and published by EWEA. This book was released on 2009 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Dynamics of Environmental and Economic Systems by : Valeria Costantini
Download or read book The Dynamics of Environmental and Economic Systems written by Valeria Costantini and published by Springer Science & Business Media. This book was released on 2012-10-30 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploiting econometric techniques aimed at dealing with the dynamics of economic systems and the heterogeneity of agents performances, the volume integrates innovation-based reasoning with ex-post analyses, and presents ex-ante analyses able to evaluate the role of climate change policies by using computable general equilibrium models such as the Global Trade Analysis Project for Energy (GTAP-E). The authors merge and use a range of datasets, including OECD-PATSTAT and STAN, to test novel techniques informed by evolutionary economic theories and the Porter hypothesis. The immediate relevance and applicability of the models will strengthen the hand of policy analysts for whom the dynamic efficiency of environmental policy is a new, high-profile evaluation criterion.
