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  The Impact of Carbon Prices on Renewable Energy Support

Abrell, J., Kosch, M. (2022): The Impact of Carbon Prices on Renewable Energy Support. - Journal of the Association of Environmental and Resource Economists, 9, 3, 531-563.
https://doi.org/10.1086/717417

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https://doi.org/10.7910/DVN/V9ZLIT (???ENUM_CONTENTCATEGORY_supplementary-material???)
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Replication Data for: "The impact of carbon prices on renewable energy support"
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 ???ViewItemFull_lblCreators???:
Abrell, Jan1, ???ENUM_CREATORROLE_AUTHOR???
Kosch, Mirjam2, ???ENUM_CREATORROLE_AUTHOR???           
???ViewItemFull_lblAffiliations???:
1External Organizations, ou_persistent22              
2Potsdam Institute for Climate Impact Research, ou_persistent13              

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 ???ViewItemFull_lblAbstract???: We examine how optimal renewable energy (RE) support policies need to be adjusted to account for carbon prices. We show theoretically and empirically that changing carbon prices requires adjusting RE subsidies due to two motives. First, RE premiums need to be reduced to reflect the carbon value embedded in the market price. Second, once a coal to gas switch occurs, RE premiums and feed-in tariffs need to be adjusted to account for changes in the marginal external benefit of RE. We use empirical estimations and numerical simulation models to quantify these effects for the United Kingdom. We show that the second effect is empirically small, whereas the first effect requires to completely phase-out RE premiums with increasing carbon prices. Finally, a fuel switch increases solar-induced abatement, whereas wind-induced abatement is rather invariant to a fuel switch. Yet, the differentiation of optimal subsidies between wind and solar power is modest.

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???ViewItemFull_lblLanguages???: eng - English
 ???ViewItemFull_lblDates???: 2020-07-102021-09-222022-03-242022-05
 ???ViewItemFull_lblPublicationStatus???: ???ViewItem_lblPublicationState_published-in-print???
 ???ViewItemFull_lblPages???: 33
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 ???ViewItemFull_lblIdentifiers???: ???ENUM_IDENTIFIERTYPE_DOI???: 10.1086/717417
???ENUM_IDENTIFIERTYPE_MDB_ID???: No MDB - stored outside PIK (see DOI)
???ENUM_IDENTIFIERTYPE_ORGANISATIONALK???: RD3 - Transformation Pathways
???ENUM_IDENTIFIERTYPE_PIKDOMAIN???: RD3 - Transformation Pathways
???ENUM_IDENTIFIERTYPE_MODELMETHOD???: Model Intercomparison
???ENUM_IDENTIFIERTYPE_REGIONALK???: Europe
???ENUM_IDENTIFIERTYPE_RESEARCHTK???: Carbon Pricing
???ENUM_IDENTIFIERTYPE_RESEARCHTK???: Energy
???ENUM_IDENTIFIERTYPE_RESEARCHTK???: Policy Advice
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???ViewItemFull_lblSourceTitle???: Journal of the Association of Environmental and Resource Economists
???ViewItemFull_lblSourceGenre???: ???ENUM_GENRE_JOURNAL???, SSCI, Scopus
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???ViewItemFull_lblPages???: ???lbl_noEntry??? ???ViewItemFull_lblSourceVolumeIssue???: 9 (3) ???ViewItemFull_lblSourceSequenceNo???: ???lbl_noEntry??? ???ViewItemFull_lblSourceStartEndPage???: 531 - 563 ???ViewItemFull_lblSourceIdentifier???: ???ENUM_IDENTIFIERTYPE_CONE???: https://publications.pik-potsdam.de/cone/journals/resource/2333-5963
???ENUM_IDENTIFIERTYPE_PUBLISHER???: University of Chicago Press