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VERSION:2.0
PRODID:-//AMSE//Event Calendar//FR
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UID:event-11379@www.amse-aixmarseille.fr
DTSTAMP:20260421T182943Z
CREATED:20260421T182943Z
LAST-MODIFIED:20260421T182943Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:amse seminar - Katheline Schubert
DTSTART:20241118T103000Z
DTEND:20241118T114500Z
DESCRIPTION:Confronted with political opposition to the implementation of e
 fficient carbon pricing\, climate policy relies on alternative policy inter
 ventions\, at a cost in terms of welfare and public finance. In order to ev
 aluate this cost\, this paper studies\, in the context of the energy transi
 tion\, second best climate policies constrained to keeping a constant level
  of the carbon tax and combining it with subsidies to carbon-free electrici
 ty generation. This subsidies can take the form of a feed-in premium paid t
 o electricity produced from carbon-free sources\, or of subsidies to invest
 ment in green capacity. Within a stylized dynamic model where energy may be
  produced with fossil or carbon-free sources and climate policy aims at sat
 isfying a carbon budget\, we define and characterize the carbon pricing gap
 . We show that if the constant carbon tax is small and therefore the carbon
  pricing gap large\, the subsidy to carbon-free sources should be so large 
 to foster rapid build up of green capacity that it would imply large invest
 ment costs and huge financial burden on the public budget\, and a large wel
 fare loss. We calibrate the model to the European energy market to obtain o
 rders of magnitude of the effects.\\n\\nContact: Nicolas Clootens: nicolas.
 clootens[at]univ-amu.frRomain Ferrali: romain.ferrali[at]univ-amu.fr\n\nPlu
 s d'informations: https://www.amse-aixmarseille.fr/en/events/katheline-schu
 bert-0
LOCATION:Îlot Bernard du Bois - Salle 24\, AMU - AMSE\, 5-9 boulevard Maur
 ice Bourdet\, 13001 Marseille
URL;VALUE=URI:https://www.amse-aixmarseille.fr/en/events/katheline-schubert-0
CONTACT:Nicolas Clootens: nicolas.clootens[at]univ-amu.frRomain Ferrali: ro
 main.ferrali[at]univ-amu.fr
TRANSP:OPAQUE
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