Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 439993
Title Are green hopes too rosy? Employment and welfare impacts of renewable energy promotion
Author(s) Bohringer, C.; Keller, A.; Werf, E. van der
Source Energy Economics 36 (2013). - ISSN 0140-9883 - p. 277 - 285.
DOI http://dx.doi.org/10.1016/j.eneco.2012.08.029
Department(s) Environmental Economics and Natural Resources Group
WASS
Publication type Refereed Article in a scientific journal
Publication year 2013
Keyword(s) nominal wage rigidity - climate policy - market - curve - labor - unemployment - germany - world - costs
Abstract In view of pressing unemployment problems, policy makers across all parties jump on the prospects of renewable energy promotion as a job creation engine which can boost economic well-being. Our analytical model shows that initial labor market rigidities in theory provide some scope for such a double dividend. However, the practical outcome of renewable energy promotion might be sobering. Our computable general equilibrium analysis of subsidized electricity production from renewable energy sources (RES-E) in Germany suggests that the prospects for employment and welfare gains are quite limited and hinge crucially on the level of the subsidy rate and the financing mechanism. If RES-E subsidies are financed by labor taxes, welfare and employment effects are strictly negative for a broad range of subsidy rates. The use of an electricity tax to fund RES-E subsidies generates minor benefits for small subsidy rates but these benefits quickly turn into significant losses as the subsidy rate exceeds some threshold value.
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