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A Decarbonization Strategy for the Electricity Sector: New-Source Subsidies

Energy Policy, Forthcoming
2010
  • 1
    Citations
  • 1,418
    Usage
  • 0
    Captures
  • 0
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Citations
    1
    • Citation Indexes
      1
  • Usage
    1,418
    • Abstract Views
      1,289
    • Downloads
      129
  • Ratings
    • Download Rank
      443,881

Paper Description

An expedient phase-out of carbon emissions in the electricity sector could be facilitated by imposing carbon fees and applying the revenue exclusively to subsidize new, low-carbon generation sources. Since there would initially be no "new sources," fees would be substantially zero at the outset of the program. Nevertheless, the program would immediately create high price incentives for low-carbon capacity expansion. Fees would increase as new, low-carbon sources gain market share, but price competition from a growing, subsidized clean-energy industry would help maintain moderate retail electricity prices. Subsidies would automatically phase out as emitting sources become obsolete.

Bibliographic Details

Kenneth C. Johnson

Cap-and-trade; carbon tax; subsidy

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