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  (Bio-)Fuel mandating and the green paradox

Okullo, S. J., Reynès, F., Hofkes, M. W. (2021): (Bio-)Fuel mandating and the green paradox. - Energy Economics, 95, 105014.
https://doi.org/10.1016/j.eneco.2020.105014

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Item Permalink: https://publications.pik-potsdam.de/pubman/item/item_24785 Version Permalink: https://publications.pik-potsdam.de/pubman/item/item_24785_7
Genre: Journal Article

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 Creators:
Okullo, Samuel Jovan1, Author              
Reynès, Frédéric2, Author
Hofkes, Marjan W.2, Author
Affiliations:
1Potsdam Institute for Climate Impact Research, ou_persistent13              
2External Organizations, ou_persistent22              

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 Abstract: Well-intended preannounced carbon mitigation policies can lead to adverse impacts such as the green paradox. This paper examines conditions impacting the prevalence of this phenomenon, when suppliers of carbon-free energy, similarly to carbon suppliers, can anticipate the implementation of preannounced carbon regulation. Neglecting the interim build-up of carbon-free capacity that responds to preannounced climate policies over-estimates the green paradox. For EU-2020 and US-2022 calibrated biofuel mandating targets, simulations point to a robust 0.4–0.6% decline in premandate global crude oil supply, suggesting that concerns over the green paradox may have been overstated. Mandate designs to mitigate the green paradox are also examined. Initially mild targets that are complemented by increasingly stringent ones are more effective at curbing the green paradox than ambitious but delayed targets.

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 Dates: 2020-11-112020-11-112021-03-24
 Publication Status: Finally published
 Pages: -
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: DOI: 10.1016/j.eneco.2020.105014
MDB-ID: No data to archive
PIKDOMAIN: RD3 - Transformation Pathways
Organisational keyword: RD3 - Transformation Pathways
Research topic keyword: Climate Policy
Regional keyword: Europe
Regional keyword: North America
 Degree: -

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Title: Energy Economics
Source Genre: Journal, SCI, Scopus
 Creator(s):
Affiliations:
Publ. Info: -
Pages: - Volume / Issue: 95 Sequence Number: 105014 Start / End Page: - Identifier: Other: 0140-9883
Other: 1873-6181
ISSN: 0140-9883
CoNE: https://publications.pik-potsdam.de/cone/journals/resource/energy-economics
Publisher: Elsevier