IDEAS home Printed from https://ideas.repec.org/a/eee/eneeco/v70y2018icp179-189.html
   My bibliography  Save this article

Reducing fossil-fuel emissions: Dynamic paths for alternative energy-producing technologies

Author

Listed:
  • Coram, Alex
  • Katzner, Donald W.

Abstract

This paper builds a dynamic model that describes the optimal trajectory for zero-emissions alternative energy-producing technologies produced and installed as replacements for energy-producing technologies whose byproduct is fossil-fuel emissions. In the model, society or its policy makers choose an emission reduction goal, the time when that goal is to be achieved, and the pattern of alternative energy-producing technologies to be employed to reach the goal. The feasibility of these choices and the impact of them on the optimal trajectory are explored both in general and in a special case.

Suggested Citation

  • Coram, Alex & Katzner, Donald W., 2018. "Reducing fossil-fuel emissions: Dynamic paths for alternative energy-producing technologies," Energy Economics, Elsevier, vol. 70(C), pages 179-189.
    • Handle: RePEc:eee:eneeco:v:70:y:2018:i:c:p:179-189
    DOI: 10.1016/j.eneco.2017.12.028
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S014098831830001X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.eneco.2017.12.028?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Daron Acemoglu & Philippe Aghion & Leonardo Bursztyn & David Hemous, 2012. "The Environment and Directed Technical Change," American Economic Review, American Economic Association, vol. 102(1), pages 131-166, February.
    2. Popp, David, 2004. "ENTICE: endogenous technological change in the DICE model of global warming," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 742-768, July.
    3. Martin L. Weitzman, 2009. "On Modeling and Interpreting the Economics of Catastrophic Climate Change," The Review of Economics and Statistics, MIT Press, vol. 91(1), pages 1-19, February.
    4. Popp, David, 2006. "ENTICE-BR: The effects of backstop technology R&D on climate policy models," Energy Economics, Elsevier, vol. 28(2), pages 188-222, March.
    5. Trainer, Ted, 2014. "Some inconvenient theses," Energy Policy, Elsevier, vol. 64(C), pages 168-174.
    6. Weißbach, D. & Ruprecht, G. & Huke, A. & Czerski, K. & Gottlieb, S. & Hussein, A., 2013. "Energy intensities, EROIs (energy returned on invested), and energy payback times of electricity generating power plants," Energy, Elsevier, vol. 52(C), pages 210-221.
    7. Richard S. J. Tol & Gary W. Yohe, 2006. "A Review of the Stern Review," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 7(4), pages 233-250, October.
    8. Goulder, Lawrence H. & Mathai, Koshy, 2000. "Optimal CO2 Abatement in the Presence of Induced Technological Change," Journal of Environmental Economics and Management, Elsevier, vol. 39(1), pages 1-38, January.
    9. William D. Nordhaus, 2007. "A Review of the Stern Review on the Economics of Climate Change," Journal of Economic Literature, American Economic Association, vol. 45(3), pages 686-702, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guo, Jian-Xin & Zhu, Kaiwei & Tan, Xianchun & Gu, Baihe, 2021. "Low-carbon technology development under multiple adoption risks," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
    2. Heimvik, Arild & Amundsen, Eirik S., 2021. "Prices vs. percentages: Use of tradable green certificates as an instrument of greenhouse gas mitigation," Energy Economics, Elsevier, vol. 99(C).
    3. Nicolo Barbieri & Alberto Marzucchi & Ugo Rizzo, 2021. "Green technologies, complementarities, and policy," SPRU Working Paper Series 2021-08, SPRU - Science Policy Research Unit, University of Sussex Business School.
    4. Josef Maroušek & Anna Maroušková, 2021. "Economic Considerations on Nutrient Utilization in Wastewater Management," Energies, MDPI, vol. 14(12), pages 1-16, June.
    5. Neetzow, Paul, 2021. "The effects of power system flexibility on the efficient transition to renewable generation," Applied Energy, Elsevier, vol. 283(C).
    6. Ivan A. Kapitonov & Irina V. Zhukovskaya & Rustem R. Khusaenov & Valentin A. Monakhov, 2018. "Competitiveness and Competitive Advantages of Enterprises in the Energy Sector," International Journal of Energy Economics and Policy, Econjournals, vol. 8(5), pages 300-305.
    7. Javad Sadeghi & Karl R. Haapala, 2019. "Optimizing a sustainable logistics problem in a renewable energy network using a genetic algorithm," OPSEARCH, Springer;Operational Research Society of India, vol. 56(1), pages 73-90, March.
    8. Barbieri, Nicolò & Marzucchi, Alberto & Rizzo, Ugo, 2023. "Green technologies, interdependencies, and policy," Journal of Environmental Economics and Management, Elsevier, vol. 118(C).
    9. Garlet, Taís Bisognin & Ribeiro, José Luis Duarte & de Souza Savian, Fernando & Mairesse Siluk, Julio Cezar, 2019. "Paths and barriers to the diffusion of distributed generation of photovoltaic energy in southern Brazil," Renewable and Sustainable Energy Reviews, Elsevier, vol. 111(C), pages 157-169.
    10. Nataliia KRAVCHUK & Olena KILNITSKA & Volodymyr KHODAKIVSKYI & Mykola MISEVYCH, 2019. "European strategy for the development of alternative energy," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 10, pages 271-297, June.
    11. Keles, Dogan & Yilmaz, Hasan Ümitcan, 2020. "Decarbonisation through coal phase-out in Germany and Europe — Impact on Emissions, electricity prices and power production," Energy Policy, Elsevier, vol. 141(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Halvor B. Storrøsten, 2020. "Emission Regulation of Markets with Sluggish Supply Structures," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(1), pages 1-33, September.
    2. Grimaud, André & Lafforgue, Gilles & Magné, Bertrand, 2011. "Climate change mitigation options and directed technical change: A decentralized equilibrium analysis," Resource and Energy Economics, Elsevier, vol. 33(4), pages 938-962.
    3. Grimaud, André & Lafforgue, Gilles & Magné, Bertrand, 2007. "Innovation Markets in the Policy Appraisal of Climate Change Mitigation," IDEI Working Papers 481, Institut d'Économie Industrielle (IDEI), Toulouse.
    4. Gregory Casey, 2024. "Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 91(1), pages 192-228.
    5. Olijslagers, Stan & van der Ploeg, Frederick & van Wijnbergen, Sweder, 2023. "On current and future carbon prices in a risky world," Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
    6. Shiell, Leslie & Lyssenko, Nikita, 2014. "Climate policy and induced R&D: How great is the effect?," Energy Economics, Elsevier, vol. 46(C), pages 279-294.
    7. Grimaud, André & Lafforgue, Gilles & Magné, Bertrand, 2008. "Decentralized Equilibrium Analysis in a Growth Model with Directed Technical Change and Climate Change Mitigation," IDEI Working Papers 537, Institut d'Économie Industrielle (IDEI), Toulouse.
    8. GRIMAUD André & LAFFORGUE Gilles & MAGNE Bertrand, 2007. "Economic growth and Climate change in a decentralized Economy: A Theoretical and Empirical Approach," LERNA Working Papers 07.04.225, LERNA, University of Toulouse.
    9. Tunç Durmaz & Fred Schroyen, 2020. "Evaluating Carbon Capture And Storage In A Climate Model With Endogenous Technical Change," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 11(01), pages 1-47, February.
    10. Lint Barrage, 2019. "The Nobel Memorial Prize for William D. Nordhaus," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(3), pages 884-924, July.
    11. Gerlagh, Reyer & Kverndokk, Snorre & Rosendahl, Knut Einar, 2014. "The optimal time path of clean energy R&D policy when patents have finite lifetime," Journal of Environmental Economics and Management, Elsevier, vol. 67(1), pages 2-19.
    12. van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
    13. Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2014. "What Do We Learn from the Weather? The New Climate-Economy Literature," Journal of Economic Literature, American Economic Association, vol. 52(3), pages 740-798, September.
    14. Philippe Aghion & Antoine Dechezleprêtre & David Hémous & Ralf Martin & John Van Reenen, 2016. "Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry," Journal of Political Economy, University of Chicago Press, vol. 124(1), pages 1-51.
    15. Mort Webster & Karen Fisher-Vanden & David Popp & Nidhi Santen, 2017. "Should We Give Up after Solyndra? Optimal Technology R&D Portfolios under Uncertainty," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 4(S1), pages 123-151.
    16. Daron Acemoglu & Philippe Aghion & Leonardo Bursztyn & David Hemous, 2012. "The Environment and Directed Technical Change," American Economic Review, American Economic Association, vol. 102(1), pages 131-166, February.
    17. Aalbers, Rob & Shestalova, Victoria & Kocsis, Viktória, 2013. "Innovation policy for directing technical change in the power sector," Energy Policy, Elsevier, vol. 63(C), pages 1240-1250.
    18. Nordhaus, William, 2013. "Integrated Economic and Climate Modeling," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 1069-1131, Elsevier.
    19. Moritz A. Drupp & Martin C. Hänsel, 2021. "Relative Prices and Climate Policy: How the Scarcity of Nonmarket Goods Drives Policy Evaluation," American Economic Journal: Economic Policy, American Economic Association, vol. 13(1), pages 168-201, February.
    20. Grimaud, André & Rouge, Luc, 2014. "Carbon sequestration, economic policies and growth," Resource and Energy Economics, Elsevier, vol. 36(2), pages 307-331.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:eneeco:v:70:y:2018:i:c:p:179-189. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eneco .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.