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The Three Domains Structure of Energy-Climate Transitions

This paper argues that the development of energy systems rests on a combination of three different domains of socio-economic processes and associated modes of decision-making. For shorthand these are termed ‘satisficing’, ‘optimising’, and ‘transforming’ domains, with corresponding underpinnings found in behavioural, neoclassical, and evolutionary economics respectively. Each domain operates at different ...

Assessing Energy Price Induced Improvements in Efficiency of Capital in OECD Manufacturing Industries

To assess how capital stocks adapt to energy price changes, it is necessary to account for the impacts on different vintages of capital and to account separately for price-induced and autonomous improvements in the energy efficiency of capital stock. The results of econometric analysis for five manufacturing industries in 19 OECD countries between 1990 and 2005 indicate that higher energy prices resulted ...

Renewable Electric Energy Integration: Quantifying the Value of Design of Markets for International Transmission Capacity

Integrating large quantities of variable renewable electricity generation remains a political and operational challenge. One of the main obstacles in Europe to installing at least 200 GWs of power from variable renewable sources is how to deal with the insufficient network capacity and the congestion that will result from new flow patterns. We model the current methodology for controlling congestion ...

Survey of Photovoltaic Industry and Policy in Germany and China

Photovoltaic (PV) technologies have demonstrated significant price reductions, but large-scale global application of PV requires further technology improvements and cost reductions along the value chain. We survey policies in Germany and China and the industrial actors they can encourage to pursue innovation, including deployment support, investment support for manufacturing plants and R&D support ...

Reflections on Implementing EU ETS : Pricing Carbon: The European Union Emissions Trading Scheme. A Denny Ellerman ... , Cambridge University Press, New York 2010, 390 pp: Book Review

Wind Power and Market Power in Competitive Markets

Average market prices for intermittent generation technologies are lower than for conventional generation. This has a technical reason but can be exaggerated in the presence of market power. When there is much wind smaller amounts of conventional generation technologies are required, and prices are lower, while at times of little wind prices are higher. This effect reflects the value of different generation ...

Carbon Markets and Technological Innovation

This paper examines the effects of firm-level innovation in carbon-abatement technologies on optimal cap-and-trade schemes with and without price controls. We characterize optimal cap-and-trade regulation with a price cap and a price floor, and compare it to the special cases of pure taxation and a simple emissions cap. Innovation shifts the tradeoff between price- and quantity-based instruments towards ...

Understanding the Roles and Interactions of International Cooperation on Domestic Climate Policies: Editorial

Introduction: The United Nations Framework Convention on Climate Change defines the principle of common but differentiated responsibility (Art. 4.1 of UNFCCC). It is the common responsibility of all countries to pursue mitigation actions so as to achieve climate stabilization. The differentiated nature of historic responsibility, capabilities and economic situation creates a responsibility for developed ...

Policy Targets: Lessons for Effective Implementation of Climate Actions

Policy targets are used to improve the implementation of domestic and international actions, in a national context and in international frameworks. But how can domestic and international experience be useful for climate policy? Case studies point to the value of defining policy targets more broadly than final outcomes, which in the case of climate policy are CO2 emission reductions. There is a need ...

A History of Conditionality: Lessons for International Cooperation on Climate Policy

This article surveys the experience of conditionality provisions applied by the World Bank, the IMF, bilateral donors, and the European Union's accession process. Ownership is essential for effective cooperation and requires domestic climate policies to be country-driven and decision-making to be equitable. Bilateral cooperation allows for a direct exchange of expertise and long-term relationships. ...