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dc.contributor.authorHoel, Michaelen
dc.date.accessioned2009-02-18-
dc.date.accessioned2009-07-28T08:48:02Z-
dc.date.available2009-07-28T08:48:02Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2492en
dc.subject.jelQ30en
dc.subject.jelQ42en
dc.subject.jelQ54en
dc.subject.ddc330en
dc.subject.keywordClimate changeen
dc.subject.keywordexhaustible resourcesen
dc.subject.keywordrenewable energyen
dc.subject.stwKlimaveränderungen
dc.subject.stwErschöpfbare Ressourcenen
dc.subject.stwRegenerative Energieen
dc.subject.stwTreibhausgasen
dc.subject.stwHotelling-Regelen
dc.subject.stwSoziale Wohlfahrtsfunktionen
dc.subject.stwTheorieen
dc.titleBush meets hotelling: effects of improved renewable energy technology on greenhouse gas emissions-
dc.typeWorking Paperen
dc.identifier.ppn591998971en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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