Subsidizing renewable energy under capital mobility

Efficiency and Redistribution Effects of Environmental Taxes under Capital Mobility

When capital taxes are used to finance a public good, capital mobility reduces efficiency since it narrows the tax base. This motivates the concern that capital mobility might also interfere with unilateral efforts to provide the public good of environmental quality through pollution taxes. I show in this paper that capital mobility does not affect efficiency in a small open economy, even thoug...

Analysis of effecting renewable energy consumption on environment according to role of human capital

The limitation of non-renewable resources and the increasing of environmental pollution caused by the accumulative consumption of fossil fuels indicate the necessity of paying attention to renewable sources. The present study analyzes the factors affecting on the quality of the environment with emphasis on the consumption of renewable energy and human capital such as education in developing and...

Gas-Electricity Coordination in Competitive Markets under Renewable Energy Uncertainty

As climate concerns, low natural gas prices, and renewable technologies increase the electric power sector’s dependence on natural gas-fired power plants, operational and investment models for gas and electric power systems will need to incorporate the interdependencies between these two systems to accurately capture the impacts of one on the other. Currently, few hybrid gas-electricity models ...

Optimal Control Models of Renewable Energy Production Under Fluctuating Supply

The probably biggest challenge for climate change mitigation is to find a secure low-carbon energy supply, which especially is difficult as the supply of renewable sources underlies strong volatility and storage possibilities are limited. We therefore consider the energy sector of a small country that optimizes a portfolio consisting of fossil and/or renewable energy to cover a given energy dem...

Energy Sources: Non Renewable and Renewable