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dc.contributor.authorHagem, Cathrine
dc.date.accessioned2010-11-04T12:33:34Z
dc.date.available2010-11-04T12:33:34Z
dc.date.issued2010
dc.identifier.issn0809-733X
dc.identifier.urihttp://hdl.handle.net/11250/179979
dc.description.abstractThe European Union (EU) identified some positive and negative externalities related to energy production and consumption when adopting its Renewable Energy and Climate Change Package. Given these externalities, we derive the optimal combination of policy instruments. Thereafter, we explore the second-best outcome, given constraints on the use of some policy instruments, due to political considerations and international regulations. We show that the choice of policy instruments to promote renewable energy production (subsidies versus green certificates) affects the optimal level of energy consumption taxes. A second-best optimum for the EU cannot be achieved without a coordination of energy taxes and renewable energy policy instruments in each country, given the externalities addressed in this paper.en_US
dc.language.isoengen_US
dc.publisherStatistics Norway, Research Departmenten_US
dc.relation.ispartofseriesDiscussion Papers;610
dc.subjectClimate policyen_US
dc.subjectEnergy policyen_US
dc.subjectGreen certificatesen_US
dc.subjectEnergy subsidiesen_US
dc.subjectEnergy taxesen_US
dc.subjectFornybare ressurseren_US
dc.subjectKlimapolitikken_US
dc.subjectEnergipolitikken_US
dc.subjectGrønne sertifikateren_US
dc.subjectMiljøavgifteren_US
dc.subjectJEL classification: D62en_us
dc.subjectJEL classification: H21en_us
dc.subjectJEL classification: H23en_us
dc.subjectJEL classification: Q48en_us
dc.titlePromoting renewables and discouraging fossil energy consumption in the European Unionen_US
dc.typeWorking paperen_US
dc.source.pagenumber18en_US


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