Why Taxing Carbon May Not Make the World More Green
نویسنده
چکیده
• This counterintuitive finding reflects two key characteristics about energy markets: the worldwide increase in renewable energy sources whose output is intermittent and variable; and greater market liberalization, which has made the spot pricing of electricity more volatile. The intermittency of renewable energy sources requires backup generation, typically from generators using fossil fuels. The dynamics of market liberalization amplify this negative effect of intermittency.
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