Energie : papiers de recherche moissonnés (22/09/2016)

De l’innovation participative pour une transition énergétique européenne compétitive / Thomas Pellerin-Carlin, chercheur à l’Institut Jacques Delors et Pierre Serkine, End-user Architect at KIC InnoEnergy. Institut Jacques Delors, 13 septembre 2016, 6 p. http://www.institutdelors.eu/011-23492-De-linnovation-participative-pour-une-transition-energetique-europeenne-competitive.html

Europe est à la croisée des chemins. Elle est confrontée à une crise à multiples facettes et à une montée de la défiance envers la démocratie représentative, à des doutes quant à la raison d’être du projet européen, à l’urgence de lutter contre le changement climatique et à une définition empoisonnée de la compétitivité. Dans ce contexte, la stratégie de recherche, d’innovation et de compétitivité pour l’Union de l’énergie (EURICS) peut faire d’une pierre trois coups : promouvoir sa compétitivité en devenant le fournisseur mondial de solutions bas-carbone, un objectif qui peut être réalisé démocratiquement.

Variable Renewables Integration in Electricity Systems 2016 – How to get it right. World Energy Council, Sept. 2016, 140 p. http://www.worldenergy.org/publications/2016/variable-renewable-energy-sources-integration-in-electricity-systems-2016-how-to-get-it-right/

Renewables, including hydro, now account for over 30% of the total global installed power generation capacity and 23% of total global electricity production. In the past 10 years, wind and solar PV have witnessed an explosive average annual growth of 23% and 50% respectively, although their combined contribution to the global electricity supply is currently only 4%, according to a new report by the World Energy Council launched on 20 September.

Learning in the Oil Futures Markets: Evidence and Macroeconomic Implications / Sylvain Leduc, Kevin Moran and Robert J. Vigfusson. Board of Governors of the Federal Reserve System, Sept. 2016, 49 p. (International Finance Discussion Papers 1179) http://dx.doi.org/10.17016/IFDP.2016.1179

We show that a model where investors learn about the persistence of oil-price movements accounts well for the  fluctuations in oil-price futures since the late 1990s. Using a DSGE model, we then show that this learning process alters the impact of oil shocks, making it time-dependent and consistent with the muted impact oil-price changes had on macroeconomic outcomes during the early 2000s and again over the past two years. The Spring 2008 increase in oil prices had a larger impact because market participants considered that it was likely driven by permanent shocks…

A Mitigation-Based Rationale for Incorporating a Climate Change Impacts Fee into the Federal Coal Leasing Program / Michael Burger. Columbia Law School. Sabin Center for Climate Change Law, Sept. 2016, 54 p. https://web.law.columbia.edu/sites/default/files/microsites/climate-change/burger_09-2016_climate_change_impacts_fee.pdf

The paper makes several key points about the rationale for introducing such a fee, most notably, that the federal government has a duty to mitigate climate impacts from the federal coal leasing program, and that the Department of Interior (“Interior”) and the Bureau of Land Management (“BLM”) have ample authority to impose a climate change impacts fee on coal leases as a form of compensatory mitigation for those coal leases. The paper also discusses technical issues that should be considered when assessing the effectiveness of this mitigation option, such as what metrics should be used to establish an appropriate fee and how a fee might work with carbon sequestration efforts and other emissions offsets.

Danièle Revel

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