Equilibrium transitions from non-renewable energy to renewable energy under capacity constraints
Autor: | Jean-Pierre Amigues, Michel Moreaux, Alain Ayong Le Kama |
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Přispěvatelé: | Economie des Ressources Naturelles (LERNA), Université Toulouse 1 Capitole (UT1), Université Fédérale Toulouse Midi-Pyrénées-Université Fédérale Toulouse Midi-Pyrénées-Institut National de la Recherche Agronomique (INRA)-Commissariat à l'énergie atomique et aux énergies alternatives (CEA), Institut d'Economie Industrielle (IDEI), Université Fédérale Toulouse Midi-Pyrénées-Université Fédérale Toulouse Midi-Pyrénées, EconomiX, Université Paris Nanterre (UPN)-Centre National de la Recherche Scientifique (CNRS), Toulouse School of Economics (TSE), Université Fédérale Toulouse Midi-Pyrénées-Université Fédérale Toulouse Midi-Pyrénées-École des hautes études en sciences sociales (EHESS)-Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), European Project: 266992,EC:FP7:SSH,FP7-SSH-2010-2,GLOBAL-IQ(2011), Université Toulouse Capitole (UT Capitole), Université de Toulouse (UT)-Université de Toulouse (UT)-Institut National de la Recherche Agronomique (INRA)-Commissariat à l'énergie atomique et aux énergies alternatives (CEA), Université de Toulouse (UT)-Université de Toulouse (UT), Toulouse School of Economics (TSE-R), Université de Toulouse (UT)-Université de Toulouse (UT)-École des hautes études en sciences sociales (EHESS)-Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE) |
Jazyk: | angličtina |
Rok vydání: | 2015 |
Předmět: |
Marginal cost
Economics and Econometrics Control and Optimization Primary energy Natural resource economics business.industry Applied Mathematics Energy transition [SHS.ECO]Humanities and Social Sciences/Economics and Finance 7. Clean energy adjustment costs renewable energy Renewable energy capacity constraints [SHS]Humanities and Social Sciences Microeconomics Renewable energy credit energy transition non-renewable resource 13. Climate action Intermittent energy source Economics Energy source business Non-renewable resource |
Zdroj: | Journal of Economic Dynamics and Control Journal of Economic Dynamics and Control, Elsevier, 2015, 55, pp.89-112. ⟨10.1016/j.jedc.2015.04.001⟩ Journal of Economic Dynamics and Control, 2015, 55, pp.89-112. ⟨10.1016/j.jedc.2015.04.001⟩ |
ISSN: | 0165-1889 |
DOI: | 10.1016/j.jedc.2015.04.001⟩ |
Popis: | The research leading to these results has received funding from European Community's Seventh Framework Programme(FP7/2007-2013) undergrant agreement no.266992-Global-IQ “Impacts Quantification of global changes”.; International audience; We study the transition between non-renewable and renewable energy sources with adjustment costs over the production capacity of renewable energy. Assuming constant variable marginal costs for both energy sources, convex adjustment costs and a more expensive renewable energy, we show the following. With sufficiently abundant non-renewable energy endowments, the dynamic equilibrium path is composed of a first time phase of only non-renewable energy use followed by a transition phase substituting progressively renewable energy to non-renewable energy before a last time phase of only renewable energy use. The investment into renewable energy may either begin before actual production of renewable energy or be delayed until the energy price achieves a sufficient gap with respect to the renewable energy cost. With an initially abundant non-renewable resource, the features of the transition between non-renewable and renewable energy do not depend upon the initial resource stock. |
Databáze: | OpenAIRE |
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