Renewable energy policy performance in reducing CO2 emissions
نویسندگان
چکیده
Article history: Received 17 December 2014 Received in revised form 26 August 2015 Accepted 24 November 2015 Available online 18 December 2015 The growth of fossil fuel power production and the consequent increase in the level of carbon dioxide (CO2) emissions have set off an alarm signal worldwide. Different policies have been implemented to incentivize the development of renewable energy sources with the goal of reducing CO2 emissions. Notwithstanding the different policies contribute to reduce greenhouse gas emissions through the incentives provided for renewable energy, a relevant question is which of these is the most efficient. However, within the context of oligopolistic competition, the answer is very sensitive to the operation of the system. In particular, significant changes in the results can be observed when considering or ignoring reserve constraints. © 2015 Elsevier B.V. All rights reserved. JEL Classification: D43 D62 H23 L13 L94 Q42
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