Regional coordination of European environmental policies
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 36, Heft 6, S. 1152-1165
ISSN: 0161-8938
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In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 36, Heft 6, S. 1152-1165
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 36, Heft 6, S. 1152-1165
ISSN: 0161-8938
In: Atlantic economic journal: AEJ, Band 40, Heft 4, S. 385-399
ISSN: 1573-9678
Summarization: Environmental policy measures to reduce greenhouse gases emission to mitigate climate change are common practice in many developed countries, encompassing both technology-push measures and demand-pull measures. The effectiveness of such policies continues to need investigation, especially when shortsighted measures lead to suboptimal investments in the absence of a credible government commitment. The aim of this paper is to assess the effectiveness of a comprehensive strategy for renewable energy sources in a dynamic stochastic general equilibrium model estimated for the Euro area using Bayesian estimation techniques, which includes carbon tax and subsidy measures. To this end, we compare the cost-effectiveness of technology-push measures and demand-pull measures. Our findings show that the environmental policy based on technology-push measures may produce better dynamic effects than demand-pull measures based on a subsidy policy of equal monetary amount. In fact, RES price parity is estimated to occur sooner by implementing technology-push measures than demand-pull measures. ; Παρουσιάστηκε στο: Renewable Energy
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