Item Details
Skip Navigation Links
   ActiveUsers:1685Hits:20893158Skip Navigation Links
Show My Basket
Contact Us
IDSA Web Site
Ask Us
Today's News
HelpExpand Help
Advanced search

In Basket
  Journal Article   Journal Article
 

ID105816
Title ProperWhen renewable portfolio standards meet cap-and-trade regulations in the electricity sector
Other Title Informationmarket interactions, profits implications, and policy redundancy
LanguageENG
AuthorTsao, C C ;  Campbell, J E ;  Chen, Yihsu
Publication2011.
Summary / Abstract (Note)Emission trading programs (C&T) and renewable portfolio standards (RPS) are two common tools used by policymakers to control GHG emissions in the energy and other energy-intensive sectors. Little is known, however, as to the policy implications resulting from these concurrent regulations, especially given that their underlying policy goals and regulatory schemes are distinct. This paper applies both an analytical model and a computational model to examine the short-run implications of market interactions and policy redundancy. The analytical model is used to generate contestable hypotheses, while the numerical model is applied to consider more realistic market conditions. We have two central findings. First, lowering the CO2 C&T cap might penalize renewable units, and increasing the RPS level could sometimes benefit coal and oil and make natural gas units worse off. Second, making one policy more stringent would weaken the market incentive, which the other policy relies upon to attain its intended policy target.
`In' analytical NoteEnergy Policy Vol. 39, No. 7; Jul 2011: p3966-3974
Journal SourceEnergy Policy Vol. 39, No. 7; Jul 2011: p3966-3974
Key WordsRenewable Portfolio Standard ;  Emission Trading ;  Power Market