1,720,984 research outputs found
Emissions pricing instruments with intermittent renewables: second-best policy
No full textInternational audienc
Emissions pricing instruments with intermittent renewables: second-best policy
No full textInternational audienceI analyze emissions pricing to support the integration of a renewable resource into an electricity mix composed of an emissions-intensive technology. I consider the intermittent nature of the resource such as wind energy and incremental externalities that become severe for high emissions levels. I show that an emissions tax is inefficient when consumers are on flat-rate electricity tariffs and do not adapt their consumption to varying production. The tax is inefficient even with flexibility in the markets when consumers are on varying tariffs. The renewable resource induces variability in fossil-fueled electricity production and associated marginal damage that does not match a predetermined tax. I study an Emissions Trading Scheme that provides flexibility at the policy level. Emissions permits are traded at market prices. Since the emissions cap must still be predetermined, I show that it leads to inefficient permits prices that do not match the marginal damages. I also find that the two emissions pricing instruments are not implemented equivalently since the tax differs from the prices of permits
Emissions pricing instruments with intermittent renewables: second-best policy
No full textInternational audienceI analyze emissions pricing to support the integration of a renewable resource into an electricity mix composed of an emissions-intensive technology. I consider the intermittent nature of the resource such as wind energy and incremental externalities that become severe for high emissions levels. I show that an emissions tax is inefficient when consumers are on flat-rate electricity tariffs and do not adapt their consumption to varying production. The tax is inefficient even with flexibility in the markets when consumers are on varying tariffs. The renewable resource induces variability in fossil-fueled electricity production and associated marginal damage that does not match a predetermined tax. I study an Emissions Trading Scheme that provides flexibility at the policy level. Emissionspermits are traded at market prices. Since the emissions cap must still be predetermined, I show that it leads to inefficient permits prices that do not match the marginal damages. I also find that the two emissions pricing instruments are not implemented equivalently since the tax differs from the prices of permits
Emissions pricing instruments with intermittent renewables: second-best policy
No full textInternational audienc
Emissions pricing instruments with intermittent renewables: second-best policy
No full textI analyze emissions pricing to support the integration of a renewable resource into an electricity mix composed of an emissions-intensive technology. I consider the intermittent nature of the resource such as wind energy and incremental externalities that become severe for high emissions levels. I show that an emissions tax is inefficient when consumers are on flat-rate electricity tariffs and cannot adapt their consumption to varying production. The tax is inefficient even with flexibility in the markets when consumers are on varying tariffs. The renewable resource induces variability in fossil-fueled electricity production and associated marginal damage that does not match a predetermined tax. I study an Emissions Trading Scheme that provides flexibility at the policy level. Emissions permits are traded at varying prices. Since the emissions cap must still be predetermined, I show that it leads to inefficient permits prices that do not match the marginal damages. I also find that the two emissions pricing instruments are not implemented equivalently since the tax differs from the prices of permits
Emissions pricing instruments with intermittent renewables: second-best policy
No full textInternational audienc
Emissions pricing instruments with intermittent renewables: second-best policy
No full textInternational audienc
Emissions pricing instruments with intermittent renewables: second-best policy
No full textInternational audienc
Emissions pricing instruments with intermittent renewables: Second-best policy
No full textInternational audienceI analyze emissions pricing to support the integration of prevailing renewable resources into an electricity mix composed of polluting technologies. I consider the intermittent nature of the resources such as wind energy and externalities due to emissions-intensive production. I show that an emissions tax is inefficient when consumers are on flat-rate electricity tariffs and do not necessarily adapt their consumption to varying production. The tax is inefficient even with flexibility in the markets when consumers are on variable tariffs. The renewable resource induces variability in the polluting electricity production and associated marginal damage that is not efficiently internalized by a predetermined tax. I then study an Emissions Trading Scheme that provides flexibility at the policy level: emissions permits are traded at market prices. Since the emissions cap must still be predetermined, I show that it leads to inefficient permit prices as they do not match the marginal damages. The two emissions pricing instruments are not necessarily equivalent since I find that the tax differs from the prices of permits
Energies renouvelables intermittentes et transition énergétique
No full textJ'étudie la transition électrique vers les énergies renouvelables intermittentes (variables et incertaines) telle la production électrique éolienne dépendant de la vitesse du vent. L'électricité intermittente est un défi pour les opérateurs devant maintenir l'équilibre offre/demande pour éviter tout impact technique et économique. J'étudie ici une solution: la flexibilité de la demande. Les détaillants proposent des contrats d'électricité diversifiés à différents prix, aidant les consommateurs à s’adapter à une production intermittente. Aussi, l'électricité produite des combustibles fossiles est responsable d'émissions polluantes et de gaz à effet de serre. Pour refléter le coût des dommages causés par ceux-ci et encourager le passage aux technologies renouvelables, des instruments politiques sont nécessaires. J'étudie dans quelle mesure la complexité de l'intermittence affecte l'efficience des politiques de tarification des émissions et de soutien aux énergies renouvelables.I study the electricity transition with renewables such as wind and solar that are intermittent, a collective term for variable and uncertain. For example, electricity from wind depends on wind speed which is variable and predicted with uncertainty. Intermittent electricity is challenging for electricity operators who must maintain the balance between electricity supply and demand to avoid any technical and economic impacts. I study one solution to this problem: demand-side flexibility where retailers propose diversified electricity contracts at different prices to help consumers adapt their consumption to varying production. Also, fossil-fueled electricity is responsible for air and greenhouse gas emissions. To reflect the cost of harm from fossil fuels and encourage a shift to renewable technologies, policy instruments are necessary. I study to what extent the complexity of intermittency affects the efficiency of emissions pricing policies and renewable energy support schemes
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