Étiqueté : Investment

Optimal Transition from Coal to Gas and Renewable Power under Capacity Constraints and Adjustment Costs

Optimal Transition from Coal to Gas and Renewable Power under Capacity Constraints and Adjustment Costs / Oskar Lecuyer & Adrien Vogt-Schilb. World Bank, Aug. 2014, 28 p. (World Bank Policy Research Working Papers ; 6985) http://hal-enpc.archives-ouvertes.fr/hal-01057241 Authors’s abstract : This paper studies the optimal transition from existing...

Renewable electricity policy, intermittency, and cost-effectivenes

A variety of renewable electricity policies to promote investment in wind, solar, and other types of renewable generators exist across the United States. The federal renewable energy investment tax credit, the federal renewable energy production tax credit, and state renewable portfolio standards are among the most notable. Whether the benefits of promoting new technology and reducing pollution emissions from the power sector justify these policies’costs has been the subject of considerable debate. We argue in this paper that the debate is misguided because it does not consider two important interactions between renewable electricity generators and the rest of the power system…

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