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| MacAuley, Molly K.; Shih, Jhih-Shyang; Aronow, Emily; Austin, David H.; Bath, Tom; Darmstadter, Joel. |
| In this paper we develop a cost index-based measure of the expected consumer welfare gains from innovation in electricity generation technologies. To illustrate our approach, we estimate how much better off consumers would be from 2000 to 2020 as renewable energy technologies continue to be improved and gradually adopted, compared with a counterfactual scenario that allows for continual improvement of conventional technology. We proceed from the position that the role and prospects of renewable energy are best assessed within a market setting that considers competing energy technologies and sources. We evaluate five renewable energy technologies used to generate electricity: solar photovoltaics, solar thermal, geothermal, wind, and biomass. For each, we... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Energy economics; Technical change; Resource /Energy Economics and Policy; Q4; O3. |
| Ano: 2002 |
URL: http://purl.umn.edu/10588 |
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