Optimal Transition from Coal to Gas and Renewable Power Under Capacity Constraints and Adjustment Costs
Given a cap on carbon emissions, what is the optimal transition from coal to gas and renewable energy? To answer this question, we model the dependence of the energy sector on both (1) polluting exhaustible resources and (2) long-lived capital such as power plants. To minimise adjustment costs, opti...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer Netherlands
2019
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |