Resource and Energy Economics最新文献_第9页

Estimating welfare impacts of climate change using a discrete-choice model of land management: An application to western U.S. forestry 利用土地管理的离散选择模型估算气候变化对福利的影响:在美国西部林业的应用

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2022-05-01 DOI: 10.1016/j.reseneeco.2022.101295

Yukiko Hashida , David J. Lewis

{"title":"Estimating welfare impacts of climate change using a discrete-choice model of land management: An application to western U.S. forestry","authors":"Yukiko Hashida , David J. Lewis","doi":"10.1016/j.reseneeco.2022.101295","DOIUrl":"10.1016/j.reseneeco.2022.101295","url":null,"abstract":"<div><p>This study develops a method to estimate the welfare impacts of climate change on landowners using a discrete-choice econometric model of land management. We apply the method to forest management in the Pacific states of the U.S. and estimate welfare effects on the region that holds the largest current commercial value – western Oregon and Washington. We find evidence that a warmer and drier climate will induce an approximate 39 % loss in the economic value of timberland by 2050, though there is heterogeneity across space. The discrete-choice approach allows us to determine that the welfare losses are primarily driven by estimated losses to Douglas-fir, the most commercially valuable species. An alternative approach to welfare analysis from climate change is the Ricardian method, which gives conceptually similar estimates to the discrete-choice method. While we find similar empirical findings between the discrete-choice and Ricardian approaches, the discrete-choice approach provides more heterogeneity and somewhat larger negative welfare impacts. Our analysis is notable for providing the first empirical evidence that climate change can induce welfare losses to timberland owners, even while accounting for optimal adaptation.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0928765522000124/pdfft?md5=dbe069ee0fdc2abb3ddbb6a009930e98&pid=1-s2.0-S0928765522000124-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49297661","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Optimal protected area implementation under spillover effects 溢出效应下的最优保护区实施

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2022-05-01 DOI: 10.1016/j.reseneeco.2022.101284

S. Schwartz , J. Choumert-Nkolo , J.-L. Combes , P. Combes-Motel , E. Kere

引用次数: 1

Beyond marginal: Estimating the demand for water quality 超越边际：估计水质需求

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2022-05-01 DOI: 10.1016/j.reseneeco.2022.101299

David Wolf , H. Allen Klaiber , Sathya Gopalakrishnan

引用次数: 1

Drive less, drive better, or both? Behavioral adjustments to fuel price changes in Germany 少开车，开得好，还是两者兼而有之？德国燃料价格变化的行为调整

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2022-05-01 DOI: 10.1016/j.reseneeco.2022.101292

Anna Alberini , Marco Horvath , Colin Vance

引用次数: 0

Discriminatory subsidies for energy-efficient technologies and the role of envy 对节能技术的歧视性补贴和嫉妒的作用

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2022-05-01 DOI: 10.1016/j.reseneeco.2022.101298

Valeria Fanghella , Corinne Faure , Marie-Charlotte Guetlein , Joachim Schleich

{"title":"Discriminatory subsidies for energy-efficient technologies and the role of envy","authors":"Valeria Fanghella , Corinne Faure , Marie-Charlotte Guetlein , Joachim Schleich","doi":"10.1016/j.reseneeco.2022.101298","DOIUrl":"10.1016/j.reseneeco.2022.101298","url":null,"abstract":"<div><p>Discriminatory subsidies, that is, subsidies for which only a subset of the population is eligible, are widespread. However, research on social preferences suggests that non-eligible households may negatively respond to these subsidies. We investigate both eligible and non-eligible households’ response to discriminatory subsidies for smart thermostats using a discrete choice experiment with 3071 owner-occupiers from France and Romania. Households are randomly exposed to discriminatory subsidies through a between-subject design that manipulates two factors: type of discrimination (positive or negative) and eligibility criteria (based on geographical location or on household characteristics). A control condition (uniform subsidy) is also included. In addition, we elicit envy via an incentivized game in the sample from France. Our results show that eligible households are more likely to adopt a smart thermostat, regardless of whether the subsidy is uniform or discriminatory. By contrast, non-eligible households are less likely to adopt it, especially when eligibility criteria are based on household characteristics. We find no evidence for a moderating effect of envy.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46003793","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Cross-country spillovers of renewable energy promotion—The case of Germany 可再生能源推广的跨国溢出效应——以德国为例

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2022-05-01 DOI: 10.1016/j.reseneeco.2022.101293

Jan Abrell , Mirjam Kosch

{"title":"Cross-country spillovers of renewable energy promotion—The case of Germany","authors":"Jan Abrell , Mirjam Kosch","doi":"10.1016/j.reseneeco.2022.101293","DOIUrl":"https://doi.org/10.1016/j.reseneeco.2022.101293","url":null,"abstract":"<div><p>Electricity generation based on renewable energy (RE) sources such as wind and solar replace the most expensive generators that often rely on fossil fuels. In response to RE promotion, wholesale electricity prices and carbon emissions are therefore expected to decrease. In interconnected electricity systems, this so-called merit-order effect stimulates a change in electricity trade flows. Therefore, conventional generation and prices in neighboring countries are also likely to decrease. The impact of these trade reactions on carbon offsets is ambiguous and depends on installed generation and interconnector capacities. Moreover, the cross-border merit-order effect causes opposing effects on consumers and producers: generators’ profits decline, while consumers benefit from lower electricity costs and an increase in the consumer surplus. Using a rich data set of hourly technology-specific generation and wholesale market price data for ten central European countries, we estimate the domestic and cross-border impacts of German RE for the years 2015–2020. We find that German RE generation offset 79–113 MtCO<span><math><msub><mrow></mrow><mn>2</mn></msub></math></span> per year. The major emission effect took place in Germany (64–99 MtCO<span><math><msub><mrow></mrow><mn>2</mn></msub></math></span>). The average cost of emission offset of 212–321<span><math><mo>€</mo></math></span>/t were almost entirely borne by German market participants. Neighboring countries do not bear costs, but a significant shift from producer to consumer rents is observed.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72290573","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Environmental and socio-economic implications of woody biomass co-firing at coal-fired power plants 燃煤发电厂木质生物质共烧的环境和社会经济影响

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2022-05-01 DOI: 10.1016/j.reseneeco.2022.101296

Paul Picciano , Francisco X. Aguilar , Dallas Burtraw , Ashkan Mirzaee

{"title":"Environmental and socio-economic implications of woody biomass co-firing at coal-fired power plants","authors":"Paul Picciano , Francisco X. Aguilar , Dallas Burtraw , Ashkan Mirzaee","doi":"10.1016/j.reseneeco.2022.101296","DOIUrl":"https://doi.org/10.1016/j.reseneeco.2022.101296","url":null,"abstract":"<div><p>We apply a detailed power sector model to explore the near-term role of woody biomass co-firing at existing coal facilities in the Eastern US in the decarbonization of US electricity generation. We evaluate five public policy interventions: a biomass co-firing subsidy, two carbon emissions fees, and two clean energy standards. Treating woody biomass as a carbon neutral feedstock, we find co-firing weakly supports decarbonization. However, policies subsidizing co-firing can delay retirement of coal facilities and reduce generation from nuclear, natural gas, wind and solar. Consequently, corresponding sector-wide emissions of CO<sub>2</sub> and SO<sub>2</sub> may increase (slightly) due to greater utilization of coal plants including relatively inefficient facilities. We assume NO<sub>X</sub> emissions increase due to generation efficiency losses, but this remains uncertain. Due to higher emissions, a biomass subsidy for co-firing yields small (near zero) economic welfare losses, while in contrast other policies advance decarbonization and yield significant welfare gains. We find justification for biomass use from a local perspective based on first-order impacts on employment and economy activity, but less so air quality.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72290575","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Raising climate ambition in emissions trading systems: The case of the EU ETS and the 2021 review 在排放交易体系中提高气候目标:欧盟排放交易体系和2021年审查的案例

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2022-05-01 DOI: 10.1016/j.reseneeco.2022.101300

Simon Quemin

{"title":"Raising climate ambition in emissions trading systems: The case of the EU ETS and the 2021 review","authors":"Simon Quemin","doi":"10.1016/j.reseneeco.2022.101300","DOIUrl":"10.1016/j.reseneeco.2022.101300","url":null,"abstract":"<div><p>We provide a quantitative assessment of policy options to inform the 2021 review of the EU Emissions Trading System (ETS) and raise climate ambition. We use a permit trading model in which firms utilize rolling finite planning horizons, which replicates historical price and banking developments well compared to an infinite horizon. When firms have bounded foresight, indirectly raising ambition through the Market Stability Reserve (MSR) is not equivalent to directly raising ambition through the emissions cap trajectory. Leveraging the MSR turns out to be efficiency improving as it compensates for firms’ bounded foresight by frontloading abatement efforts. We analyze the MSR interaction with the cap trajectory to exploit synergies and minimize the cost of raising ambition. We also provide a comparative assessment of a complete suite of changes in the MSR parameters. Whatever its parameters, MSR-induced resilience to demand shocks remains limited by design: the MSR acts more as an unconditional price support provider than as a responsive price stabilizer.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0928765522000173/pdfft?md5=01279b56fc8d5091aa85dac445aba602&pid=1-s2.0-S0928765522000173-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48379793","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 30

Market competition and strategic choices of electric power sources under fluctuating demand 需求波动下的市场竞争与电力资源战略选择

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2022-05-01 DOI: 10.1016/j.reseneeco.2021.101280

Hiroaki Ino , Norimichi Matsueda , Toshihiro Matsumura

{"title":"Market competition and strategic choices of electric power sources under fluctuating demand","authors":"Hiroaki Ino , Norimichi Matsueda , Toshihiro Matsumura","doi":"10.1016/j.reseneeco.2021.101280","DOIUrl":"10.1016/j.reseneeco.2021.101280","url":null,"abstract":"<div><p>This study investigates the effects of the introduction of a competitor on the behavior of an incumbent electricity producer who used to be a local monopolist. We especially focus on its implications for the incumbent's decision of capacity choice between two different electric power sources: one with a relatively high production cost (peak-load technology), which is represented by gas-fired power generation, and the other with a relatively high capacity-building cost (base-load technology), which is represented by nuclear power generation. We assume that the entrant does not have access to the latter technology, and also that demand fluctuates over time, as is typically the case with any electricity market. We show that the introduction of a competitor increases the capacity of nuclear power generation if and only if the nuclear power capacity is sufficiently <em>costly</em> to establish, in comparison with the marginal production cost of a gas-fired plant. This result also implies that the competition tends to decrease the nuclear capacity when the level of carbon tax, which raises the relative production cost of gas-fired power generation, is sufficiently <em>high</em>.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43018910","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Moving down the energy ladder: In-utero temperature and fuel choice in adulthood 能量阶梯向下移动:子宫内温度和成年后的燃料选择

IF 2.9 3区经济学

Resource and Energy Economics Pub Date : 2022-05-01 DOI: 10.1016/j.reseneeco.2022.101297

Manuel Barron

引用次数: 0