Article Selection on Renewable Energy

The past decade has witnessed a dramatic increase in renewable energy production around the world.  This surge has been driven in large part by public policies designed to address the growing climate problem, and several recent publications in the Journal of Environmental Economics and Management have attempted to evaluate these policies along several dimensions.

One cluster of publications explores how government policies stimulate investments in renewable technologies.  Gerlagh, Kverndokk and Rosendahl use a theoretical framework to argue that renewable technology subsidies should be substantial initially but decline as the technology stock matures.  Noailly and Smeets empirically show that small, start-up firms are the largest engines of renewable innovation and thus should be the primary targets for technology subsidies.  Using data from OECD countries, Nesta, Vona and Nicolli show that liberalized energy markets experience greater renewable energy innovation.

A second cluster explores how alternative policy instruments impact biofuel production.  Chen, Huang, Khanna, and Önal compare the efficiency, environmental and market impacts of renewable fuel standards, low carbon fuel standards, and carbon taxes.  Crago and Khanna focus on the carbon tax option and its impact on fuel, food and land markets.  Anderson and Elzinga investigate how the recent US ban on methyl-tertiary butyl ether (MTBE) stimulated biofuel production.

A third cluster examines adoption of solar technologies.  Kirkpatrick and Bennear study how different financing options impact residential solar uptake.  Rode and Weber explore the spatio-temporal dimension to solar technology adoption.  Coulon, Khazaei and Powell use simulations to study how price volatility in renewable energy credit markets impacts adoption decisions.

Finally, Gibbons explore a negative consequence of off-shore wind turbines – diminished coastal property values from impaired views.

R.H. Von Haefen, Co-Editor

Enjoy free online access to the virtual special issue until May 2016.

Directing technical change from fossil-fuel to renewable energy innovation: An application using firm-level patent data
Joëlle Noailly, Roger Smeet

Carbon abatement in the fuel market with biofuels: Implications for second best policies
Christine Lasco Crago, Madhu Khanna

Alternative transportation fuel standards: Welfare effects and climate benefits
Xiaoguang Chen, Haixiao Huang, Madhu Khanna, Hayri Önal

Environmental policies, competition and innovation in renewable energy
Lionel Nesta, Francesco Vona, Francesco Nicolli

Gone with the wind: Valuing the visual impacts of wind turbines through house prices
Stephen Gibbons

The optimal time path of clean energy R&D policy when patents have finite lifetime
Reyer Gerlagh, Snorre Kverndokk, Knut Einar Rosendahl

Promoting clean energy investment: An empirical analysis of property assessed clean energy
A. Justin Kirkpatrick, Lori S. Bennear

SMART-SREC: A stochastic model of the New Jersey solar renewable energy certificate market
Michael Coulon, Javad Khazaei, Warren B. Powell

A ban on one is a boon for the other: Strict gasoline content rules and implicit ethanol blending mandates
Soren T. Anderson, Andrew Elzinga