Sustainability-guided promotion of renewable electricity generation

Madlener, Reinhard; Stagl, Sigrid

doi:10.1016/j.ecolecon.2004.12.016

Cited by 105 publications

(38 citation statements)

References 77 publications

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“…Morthorst, 2000;Menanteau et al, 2003;Meyer, 2003;Ürge-Vorsatz et al, 2004;Madlener and Stagl, 2005;Ragwitz and Huber, 2005;Rowlands, 2005;Contaldi et al, 2006;Ringel, 2006;Finon and Perez, 2007;del Río and Gual, 2007;Diekman, 2008;Verhaegen et al, 2009). The main advantage of this system, as described in these assessments, is its effectiveness in promoting technology development and diffusion (especially with regards to wind power in e.g.…”

Section: Introductionmentioning

confidence: 99%

“…According to the existing academic literature (most of which are based on either theoretical analyses or simulation approaches), the expected main advantages of TGCs are that they (1) are cost-efficient, (2) ensure a stable development towards set deployment goals and (3) drive innovation and cost-reduction through "double" competition in both electricity and certificate markets (cf. Morthorst, 2000;Menanteau et al, 2003;Ürge-Vorsatz et al, 2004;Madlener and Stagl, 2005;Contaldi et al, 2006;Ringel, 2006;del Río and Gual, 2007;Verhaegen et al, 2009). …”

mentioning

confidence: 99%

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Are tradable green certificates a cost-efficient policy driving technical change or a rent-generating machine? Lessons from Sweden 2003–2008

2010

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In the European policy debate, tradable green certificates (TGC) have been suggested to be a superior regulatory framework for promoting the diffusion of renewable electricity technologies. The purpose of this paper is to assess the performance of the Swedish TGC system, contributing to the European debate on the suitability of different types of frameworks. The expectations of the TGC system were that it would: a) be effective in terms of increasing the supply of "green" electricity; b) do this in a cost effective manner (from both a social and a consumer perspective); c) generate an equitable distribution of costs and benefits and d) drive technical change. So far, it has performed adequately in terms of effectiveness and social cost effectiveness. However, consumer costs have been substantially higher than expected, very large rents are generated and, at best, it contributes marginally to technical change. Thus, a TGC framework should be selected if the overriding concern is to minimize short term social costs of reaching a certain goal with a high degree of predictability. However, it cannot be expected to also drive technical change, keep consumer costs down and be equitable. Such trade-offs need to be revealed and not obscured by analysts.

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Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

Are tradable green certificates a cost-efficient policy driving technical change or a rent-generating machine? Lessons from Sweden 2003–2008

2010

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“…However, increasing concerns about climatic change may be a factor in addition to purely economic considerations (Heiman and Solomon, 2007). Also, the suggestion has been made that a modified energy market might be formulated so that technologically immature systems will not be able to compete in the initial stages of development (Madlener and Stagl, 2005).…”

Section: A Sustainable Global Silicon Energy Economymentioning

confidence: 99%

The Sustainable Global Energy Economy: Hydrogen or Silicon?

Bardsley

2008

Nat Resour Res

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A sustainable global silicon energy economy is proposed as a potential alternative to the hydrogen economy. This first visualisation of a silicon energy economy is based on largescale and carbon-neutral metallic silicon production from major smelters in North Africa and elsewhere, supplied by desert silica sand and electricity from extensive solar generating systems. The resulting "fuel silicon" is shipped around the world to emissionfree silicon power stations for either immediate electricity generation or stockpiling. The high energy density of silicon and its stable storage make it an ideal material for maintaining national economic functioning through security of base load power supply from a renewable source. This contrasts with the present situation of fossil fuel usage with its associated global warming and geopolitical supply uncertainties. Critical technological requirements for the silicon economy are carbon-neutral silicon production and the development of efficient silicon-fired power stations capable of high-temperature rapid oxidation of fuel silicon. A call is made for the development of research effort into these specific engineering issues, and also with respect to large-scale economical solar power generation.

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“…Rader, 2000;Berry, 2002;Lauber, 2004;Palmer and Burtraw, 2005;Madlener and Stagl, 2005;Kildegaard, 2008).…”

Section: Introductionmentioning

confidence: 99%

Promoting Renewable Electricity Generation in Imperfect Markets: Price vs. Quantity Policies

Madlener

Neustadt²,

Zweifel

2008

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractThe search for economically efficient policy instruments designed to promote the diffusion of renewable energy technologies in liberalized markets has led to the introduction of quota-based tradable 'green' certificate (TGC) schemes for renewable electricity. However, there is a debate about the pros and cons of TGC, a quantity control policy, compared to guaranteed feed-in tariffs, a price control policy. In this paper we contrast these two alternatives in terms of social welfare, taking into account that electricity markets are not perfectly competitive, and show that the price control policy dominates the quantity control policy in terms of social welfare.

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Sustainability-guided promotion of renewable electricity generation

Cited by 105 publications

References 77 publications

Are tradable green certificates a cost-efficient policy driving technical change or a rent-generating machine? Lessons from Sweden 2003–2008

Are tradable green certificates a cost-efficient policy driving technical change or a rent-generating machine? Lessons from Sweden 2003–2008

The Sustainable Global Energy Economy: Hydrogen or Silicon?

Promoting Renewable Electricity Generation in Imperfect Markets: Price vs. Quantity Policies

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