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dc.contributor.authorHoel, Michaelen_US
dc.date.accessioned2009-02-18en_US
dc.date.accessioned2009-07-28T08:48:02Z-
dc.date.available2009-07-28T08:48:02Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/26537-
dc.description.abstractFossil 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.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2492en_US
dc.subject.jelQ30en_US
dc.subject.jelQ42en_US
dc.subject.jelQ54en_US
dc.subject.ddc330en_US
dc.subject.keywordClimate changeen_US
dc.subject.keywordexhaustible resourcesen_US
dc.subject.keywordrenewable energyen_US
dc.subject.stwKlimaveränderungen_US
dc.subject.stwErschöpfbare Ressourcenen_US
dc.subject.stwRegenerative Energieen_US
dc.subject.stwTreibhausgasen_US
dc.subject.stwHotelling-Regelen_US
dc.subject.stwSoziale Wohlfahrtsfunktionen_US
dc.subject.stwTheorieen_US
dc.titleBush meets hotelling: effects of improved renewable energy technology on greenhouse gas emissionsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn591998971en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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