Energy storage and renewable energy
I consider an economy with fossil fuel and renewable energy and energy storage, and search for the conditions that lead to welfare improvements
when energy is stored…
I consider an economy with fossil fuel and renewable energy and energy storage, and search for the conditions that lead to welfare improvements
when energy is stored…
“Economic growth over the coming centuries is one of the major determinants of today’s optimal greenhouse gas mitigation policy. At the same time, long-run economic growth is highly uncertain. This paper is the first to evaluate optimal mitigation policy under long-term growth uncertainty in a stochastic integrated assessment model of climate change…”