| Registro completo |
| Provedor de dados: |
31
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| País: |
United States
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| Título: |
Bush Meets Hotelling: Effects of Improved Renewable Energy Technology on Greenhouse Gas Emissions
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| Autores: |
Hoel, Michael
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| Data: |
2009-02-02
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| Ano: |
2009
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| Palavras-chave: |
Climate Change
Exhaustible Resources
Renewable Energy
Resource /Energy Economics and Policy
Environmental Economics and Policy
Q30
Q42
Q5
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| Resumo: |
Replaced with revised version of paper 02/20/09.
Fossil fuels are non-renewable carbon resources, and the extraction path of these resources depends both on present and future demand. When this “Hotelling feature” is taken into consideration, the whole price path of carbon fuel will shift downwards as a response to the reduced cost of the renewable substitute. An implication of this is that greenhouse gas emissions in the near future may increase as a response to the reduced cost of the renewable substitute. If this is the case, increased climate costs may outweigh the benefits of reduced costs of a substitute, thus reducing overall social welfare.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/47175
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| Relação: |
Fondazione Eni Enrico Mattei (FEEM)>Climate Change Modelling and Policy Working Papers
CCMP
1.2009
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| Formato: |
31
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