Vortrag von Prof. Dr. Haupt am 06.02.18: „Environmental Policy and Renewable Energy“

Im Rahmen des Forschungskolloquiums des Instituts für Wirtschaftswissenschaften der Universität Freiburg möchten wir Sie herzlich zum Vortrag von

Prof. Dr. Alexander Haupt

(Plymouth University)

über das Thema

 
Enviromental Policy and Renewable Energy

einladen.

Der Vortrag findet am Dienstag, 6. Februar 2018, 11:00 Uhr s.t. in Raum 2330 KG II statt.

Abstract:

The renewable energy sector is key to meeting climate policy targets and threatens the market power of conventional fossil-fuel electricity generators. The intermittence of renewable energy sources complicates environmental policy. This paper justifies to some extent the use of feed-in tariffs, capacity taxes and price caps in addition to emission taxes. Feed-in tariffs or capacity taxes might be necessary to counteract strategic overinvestment in conventional fossil-fuel capacities, but this strategic overinvestment can turn into underinvestment if the costs of renewable energy have sufficiently plummeted and the share of customers on time-invariant pricing schemes is sufficiently large. Emission taxes and feed-in tariffs might increase or decrease, as the costs of renewable energy decline, and the paper identifies the circumstances under which these different outcomes result. The analysis is based on a model in which a conventional fossil-fuel electricity producer competes with a potentially large number of renewable energy generators. The fossil-fuel electricity producer might apply different technologies.