Quantifying the impact of coal on global economic growth and energy productivity in the early 21st century

Atallah, Tarek; Blázquez, Jorge

doi:10.3280/efe2015-002007

Cited by 1 publication

(1 citation statement)

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“…In the U.S., the future target set by the Clean Power Plan (U.S. Environmental Protection Agency, 2016) is 21% by 2030, although an important element of that relies on individual states useful to improve energy policy efficiency. Atallah and Blazquez-Lidoy (2015) reestablished that an increase in hydrocarbon prices did not impact economic growth for the following several decades but led to a stagnation in energy productivity over the last 10 years. This opens the door for further implementation of an RES approach based on guaranteed markets and pricing.…”

Section: Introductionmentioning

confidence: 99%

Comparing Renewable Energy Policies in E.U.15, U.S. and China: A Bayesian DSGE Model

Argentiero¹,

Atalla²,

Bigerna³

et al. 2017

The Energy Journal

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The promotion of renewable energy sources (RES) by governments is one way of helping countries to meet their energy needs while lowering greenhouse gas emissions. In this paper, we examine the role of energy policy in RES promotion, based on a carbon tax and RES price subsidy, at a time of technological and demand shocks in the European Union (E.U.) 15 countries, the United States (U.S.) and China, focusing on the macroeconomic implications. Using a dynamic stochastic general equilibrium model for RES and fossil fuels, our results suggest that, in the presence of a total factor productivity shock in the fossil fuel sector, such an energy policy can also be a driving force for smoothing the reduction of RES in the energy market (and vice versa). Additionally, we show that the E.U.15 grouping has a comparative advantage in terms of reaching grid parity compared with the other countries we considered which are more fossil fuel dependent.

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Section: Introductionmentioning

confidence: 99%