Emissions Trading and Feed-In Tariffs: Do We Need Both?

When I started this blog some 3.5 years ago, the focus was on climate issues, particularly climate economics. More recently, however, I have neglected this topic a little. Fortunately, working at a research institute gives one the opportunity to learn a lot about things other scientists do–e.g., regarding the quite popular question whether the EU needs both emissions reduction and renewable energy deployment targets such as the 20-20-20 target. In other words: do we need an energy mix consisting, e.g., of emissions trading and feed-in tariff schemes? Or is emissions trading enough to reach policy goals? And, by the way, what are these goals? Continue reading

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Externalities of Energy Generation

Because of repeated discussions of this subject in comments under my posts, I decided to make a list of externalities for various energy generation forms. For this I chose the most popular energy generation methods as currently in use, i.e. I excluded for example geothermal and solar thermal energy. The list is hardly complete, so you are welcome to add further points in comments (also for further energy generation methods). Continue reading